Enzolytics Inc (ENZC)

[Valuator2]

I suggest you and Dyno read my post about that again. Nobody gave Harry any additional Series A Preferred shares and I'm not saying the Cotropia's gave up their Series A's in ENZC in order to get anything out and away from BGEN. The projected structure of SAGA at the time of the 9/15/23 BCA with the subs appeared to allow the Cotropia's to operate BGEN and separately, Harry to operate VIRO under the umbrella of SAGA, at least for a while (possible spinoffs or sale of either sub to a 3rd party) versus the 2 groups having to continue to operate together under ENZC. JMHO.

All 4 principals gave up all or part of their Series A's in ENZC in exchange for stock in SAGA, which gave them 20% of the 45 million shares. IMO, that was a preference to ENZC's principals over us non-management common shareholders and I don't think it was fair to us. If they were going to get any preference at all, they should have included all of their Series B Preferred stock in that exchange as well. The Series B's already have a preference in that they convert to 10 common shares/each Series B Preferred. However, this is a different issue from my post, and I might later pass on my thoughts about how they got such a sweet deal. JMHO.