Enzolytics Inc (ENZC)

[Dyno89]

How simple would it have been for them to complete this SAGA deal properly and still give the long / original commons a good dividend out of it? No GLD suit. Filings and extensions on time. Currently finishing the despac. ENZC pps rising on a better dividend payout. Everyone’s happy.

It feels like if you tried to f**k things up on purpose, it couldn’t even have been done like this. It must have taken massive incompetence beyond what we even know about to have this go from .13 even last spring to where we sit now. Let alone December 2020 to where we are 3 years later. How they ever fu**ed up that Savov / 70 million share case that seemed like a slam dunk in our favor all along, and lost it is beyond me. How SAGA couldn’t keep up to date on what are simple SEC filings for them and how they couldn’t properly maintain the spac extensions beyond August is beyond me as well. How they just call a deal done without SEC approval and create tens of millions of shares out of thin air and then issue themselves 2.25 / 2.5 million shares each right away and stack an insider vote is beyond me. How they say the shareholder vote was needed, then tell the court the opposite is beyond me.

And there must have been the same amount of incompetence and sheer disregard for commons on Charles behalf, bc he could have negotiated this to benefit everyone had he wanted. After all, they were creating this $450 million in shares for the deal out of thin air in the first place. The fact our dividend wasn’t great to begin with and then got cut in half (best case scenario), that’s on Charles 100%. I can’t imagine where we’d be if we had some competent insiders running this thing the last 3 years.