Replies to post #181953 on Enzolytics Inc (ENZC)

[Dyno89]

“IF they sold everything to SAGA, why did the PR say we will own 90% plus? I would think it would have said ENZC sold all technology to SAGA, there would be no percentage listed, while a follow up PR would talk about the dividend.”

This has already been explained. The 90% is going to be the % of SAGA owned by shareholders once the dividend is paid out. The dividend is coming from the $450 mil.

Keep in mind that % will most likely change significantly down the road when they authorize shares in SAGA and the SAGA share structure changes. The 90% is only what will be in place right after the dividend payout. It won’t remain that way.

Based on what they’ve told us, this is NOT a licensing deal. They ARE selling the entire company pipeline including Clone 3 for the $450 mil. I was as shocked as anyone, but based on everything they’ve currently told us, that’s what’s happening.

ENZC does not retain 90%. ENZC does not retain 60% (like “idiots in the back” were guaranteed was happening). ENZC retains zero. 0%. They told us this in the filing: once the dividend payout is made ENZC will have “zero assets” and “zero operations”. That’s the proof right there for anyone who is having a hard time wrapping their mind around this.

I think it’s absurd to have included Clone 3 in a deal for $450 mil, for many reasons including the ones you mentioned. And it’s completely pointless to say “oh well that means if they’re paying $450 mil, they’re valuing us at 4.5 billion.” Who cares what they are valuing us at, what matters is what they’re actually paying. If you think your cars worth $50,000 and agree to sell it to me for $5,000, then at the end of the day it doesn’t mean jack shit what you thought your car was worth bc you just sold it to me for $5,000 lol. That’s all that matters.

The fact is this looks like Charles sold the whole company off, including Clone 3, for $450 mil. It must have been the only way to move forward that he saw fit. There are major benefits to trading on NASDAQ over the shitty otc, so that’s one big plus. Maybe this whole thing will make more sense when the 8k comes out, but for now it doesn’t make sense to me to sell the whole pipeline for that low of an amount.