Replies to post #186969 on Enzolytics Inc (ENZC)

[outlook2020]

They are not eligible for the dividend unless they own at the time the dividend is announced as payable. Not how they have accumulated it. “However, if they are/have been purchasing ENZC shares since the deal was first announced, those shares they've been buying would be eligible for the dividend, which would therefore increase their post-deal ownership via SAGA div shares.”

[raja48185]

Sorry, that does not answer the 450 Million for 10% of the company, which means total valuation is 4.5 Billion dollars.

ENZC shareholders combined will hold 90% of SAGA, leaving SAGA stock, leaving SAGA executives with only 10%


10% of what ? 4.5 billion dollars? Because 90% of it is now owned by ENZC shareholders and that amounts to valuation of 4.05 Billion dollars - and yet the MC of ENZC is what - slightly north of 100 million dollars; and the market you think will not observe this huge chance to make money and allow the stock to sit at 4 cents?

Try to make a connection between the various numbers you are putting forward - 450 Million for 10% of the company SAGA.... ENZC will hold 90% of SAGA and executives of SAGA will hold the remaining 10%