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Thursday, April 25, 2024 10:40:37 AM
https://finance.yahoo.com/news/formulation-business-strategy-132700137.html
Steve Sharabura, Interim CEO stated, "The board and I have made progress and have narrowed our target acquisitions and markets to pursue our new business strategy. We have reached out to several entities as potential transaction candidates, including the possible acquisition of technologies previously developed by ENZC. We have also begun discussions for license agreements on a medical device for administering treatments and another diagnostic test for the detection of cancer. Along with the license opportunity, we are strongly leaning toward two targets that we feel will be a base for an aggressive start. In addition, we have contacted consultants to help us apply for the FINRA corporate action to start the process for the dividend of the SAGA shares received from the sale of the two operating subsidiaries."
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