InvestorsHub Logo
icon url

MAGA_PATRIOT

03/29/23 6:16 PM

#172465 RE: buford78 #172458

buford, I really hope that whatever is going on, we continue to trade under ENZC and it's not the other scenario you mentioned (your quote below). If it's an equity deal that involves converting our stock into that of the other company, it pretty much makes our past 3 years of holding a complete waste. They would just take our shares, which are currently intentionally undervalued by a minimum of 10X or 1000%, and convert them into shares in the other company. In other words, for the sake of easy/rounded math, lets say the other company is valued $45 per share, so if we own 5M shares of ENZC at .045, we would end up with only 5,000 shares in the new company (1 share of other company for every 1,000 we hold). Sure, it's still possible to make some money, but not even in the same universe as what we've all been holding for. For example, ENZC would only need to hit $1 for that person with 5M shares to end up with $5M, but on the flip side, the hypothetical shares in the new company (only 5,000) would need to hit $1,000 per share to achieve the same, which just isn't happening.

This is all hypothetical, as we have no idea what's going on, but my point is that I'm really hoping/praying that this scenario (convert into shares of other company) is out of the question or it would be a GIGANTIC slap in the face to those of us who have held 3+ years through all of this; And before anyone jumps down my throat for this post, I'm not suggesting that this is what's happening, I'm just simply showing why we don't want an equity deal where our shares are converted into stock of the other company.


Or we could just end up with stock in the company that purchased controlling interest. It all depends on what the newly minted shares sell for. I just hope it’s not at the current price

.