Enzolytics Inc (ENZC)

[falon]

I agree however according to the lawsuit SAGA illegally gave shares to ENZC and ENZC leadership.

Although no vote occurred ENZC cannot vote shares intended for their shareholders.

On a date not known, but sometime prior to October 11, 2023, Sagaliam issued
36,000,000 Class A shares to Enzolytics. If the transfer is not cancelled, Enzolytics therefore
possesses 88 percent of the beneficial ownership of shares in Sagaliam, giving Enzolytics supermajority control over any shareholder vote.
On a date not known, but sometime prior to October 11, 2023, Sagaliam also
issued 2.5 million Class A shares the Zhabilov Trust, Charles Cotropia, Dr. Gaurav Chandra and
Dr. Joseph Cotropia. If the transfer is not cancelled, those parties therefore hold a total of 6.17
percent of the total shares of Sagaliam. Upon information and belief, Zhabilov Trust, Charles
Cotropia, Joseph Cotropia and Guarav Chandra are all shareholders and insiders of Enzolytics.

Did anyone get proxy materials? Hell no

These Aholes included us in their scheme and didn't send no proxies.

I suspect the SEC make take some action as a lot of their rules were broken and the SEC don't like FALSE and MISLEADING STATEMENTS and SAGA is probably already on SEC's Enforcement Division radar with their late or lack of mandatory reporting.

This was some CROOKED shit and some heads should roll.

What constitutes an SEC violation?
Manipulation of investment prices. Making false or misleading statements about a company, including in SEC filings. Offering fraudulent or unregulated securities. Anything else that could be considered fraudulent conduct.

What happens if you violate SEC rules?
In addition, the SEC can seek civil monetary penalties, or the return of illegal profits (called disgorgement). The court may also bar or suspend an individual from serving as a corporate officer or director.

I did a search for SEC suing for not sending out proxies and could not find any however I did come across a SEC suit against a SPAC and its' target:

https://www.willkie.com/-/media/files/publications/2021/07/secbringsspacenforcementactionagainstspac.pdf