Enzolytics Inc (ENZC)

[wickw50]

PB, The rift between the two families has been going on since before the two subsidiaries were formed. It was not a solution as the Zhabilov’s wanted to sell for the sake of money. The Cotropia’s want to perfect their cures for society’s benefit.
Harry Zhabilov saw what he thought would be an easy way to collect millions, even though it was a questionable transaction done with questionable persons. Harry’s one problem was that the deal couldn’t be completed without the Cotropia’s IP.
Harry and the SAGA people tried to pull a fast one and issue shares to the Cotropia’s in violation of NASDAQ rules. As a result, SAGA was delisted from NASDAQ, which put the whole deal in the dumpster.
Now, the Zhabilovs are taking the position that deal has been completed, even in light of and against the NASDAQ ruling. The Cotropia’s are taking the position that the deal was canceled and never should have been attempted in the first place.
So, as shareholders, we can just watch and see if, and how, this all works out.
My take is, it will eventually revert back to the two subsidiaries being as it was prior to the failed SAGA fiasco. That will take some time, and I expect Harry Zhabilov to muck things up enough until he gets paid to go away.
All just my humble opinion…