Replies to post #178030 on Enzolytics Inc (ENZC)

[wickw50]

buford78, I read that. The 10K, also, states that Sagaliam doesn’t expect to have any employees after the deal is completed, so it could support both theories. It appears that control will be the big issue. Let’s hope Charles is as good a negotiator as we think he is. GLTA!

[Timing101]

Charles C on this , noted point, he will protect the interested parties.

[I-Glow]

A company can't be listed on Nasdaq that has engaged in toxic financing. ENZC will never be listed on an exchange - and the OTCM isn't an exchange.

ENZC filed a Form 15 on 11/08/2011 and deregistered the stock and ceased all SEC filing Obligations - you have to be a SEC filer to be exchange listed.

Damn, how many times are OTC investors going to keep falling for the ole pumpers BS of uplisting to an exchange when they aren't filing audited financials.

SAGA couldn't come up with $12.5M to do the deal with AEC and AEC terminated the deal. AEC the company, which is owned by Supraeon Investments.

"Pursuant to the original business combination agreement, AEC is allowed to terminate the merger at any time prior to the merger effective time by written notice to the SPAC if it has not received commitments in the form of mutually-agreed subscription agreements for at least 50% of the minimum cash amount of $25 million."

SPACs are for defrauding investors.

IG