There isn't a SAGA deal - SAGA couldn't raise $12.5M for another big deal with the Saudis.
SAGA doesn't have access to $250M and more importantly the the 2 shells are worthless no one would pay $250M for them.
"That said, we're all hoping/praying, myself included, that Charles comes through for us, but at this point, I think it's still somewhat of a gamble. I'm not saying that ENZC won't succeed, I'm just saying that whether or not Charles does it in a way that's beneficial for us commons is yet to be determined. I think we still need clarification on what the plan for ENZC is after the SAGA deal goes through. Like I've said before, a dividend of SAGA shares is nice, but I haven't been holding for 3+ years to get a 1 for 1000 dividend of SAGA shares (I'm saying 1 for 1000, because I don't believe it will be better than that. They need the bulk of the $250M to fund trials, etc...). I've been holding because we were led to believe that ENZC would appreciate to an accurate pps/valuation."
From the Press release about SAGA we find: "The value of the transaction is $250,000,000 The definitive agreement is being finalized with an expected closing date of May 19, 2023."
Shareholders on the big boards would be demanding answers not defending Cotropia - why won't he update investors about what happened to the self imposed deadline he has missed by a month?
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