Obviously no proof of this yet, but I think we can put two and two together and this makes the most sense of what happened.
Charles is a lifelong attorney and I said all along when the SAGA issues came up it made no sense that he wasn’t backing out of this deal. Well, he was smart after all and with all the SAGA issues basically decided he was going to pull his tech out, and clearly Chandra followed.
They prob made it clear that they were not going through with this SAGA deal, as there would be no Nasdaq uplisting which was Charles whole objective in this and then to get financing options that would open up from a higher legitimately seen exchange unlike the otc.
This was prob going on behind closed doors internally for months since the lawsuit and delisting issue cropped up.
So they prob reached an internal agreement that Charles and Chandra’s assets were not going to be part of the SAGA deal and they would also be leaving ENZC (with their assets).
We now know both left ENZC and we know that BGEN was returned and its assets were not part of the SAGA deal.
Makes the most sense at this point putting everything together that this didn’t have to necessarily play out in the order they announced it publicly. Maybe Charles and Chandra pulled the assets from BGEN and left first, which forced the board change and then also forced the change in the SAGA deal. But since they said all BGEN was returned with its assets, I’d say that Charles told them he and Chandra would be leaving and taking their tech with them. So the last few months of events, however they played out and in whatever order, brings us to where this is now.
Charles and Chandra gone in all aspects and took their tech with them. Insider shares all switched around and board change. ENZC and SAGA moving forward without that half, which means VIRO tech is still under SAGA. ENZC is basically a shell at this point with “no assets, no operations” as they already warned shareholders last July (and no one here but a few of us wanted to listen).
