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Friday, April 26, 2024 12:25:10 PM
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.
Recent ENZC News
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Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
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Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM