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Dyno89

10/26/23 9:03 PM

#189104 RE: bytheocean #189103

If they were giving us 1:1, or even close to it, then of course I’d rather have the SAGA shares on the Nasdaq. Any day of the week. Thats not happening. We’ve explained many times on here how this is technically a reverse split in disguise, so that your SAGA shares you end up with post dividend payout hold far less “weight” than the original, long ENZC shares you are giving up. And yes, you may as well be giving them up, because regardless of how much the pumpers want to argue “but you still have your ENZC shares”, they are going to be worthless. Now, if Charles had sent the entire pipeline EXCEPT Clone 3/7 to SAGA, then this would be a different story to be discussing. As it stands, selling off the whole pipeline for 450 mil is a joke. We can argue about how maybe this was Charles only way to fund trials, advance the products etc. Well, if that’s the case then something is wrong anyway. Bc if these products were what they’ve been touted to be for years now including one being the “cure”, don’t you think someone would have knocked their door down for more than 450 mil?! All you see pumped on this thing on Twitter / x for 3 years now is “enzc has the cures”. Well if that was the case, I don’t think this would have fallen to a last resort being a 450 mil (shares created out of thin air, not cash btw) spac deal.

BonnieMac

10/27/23 2:20 PM

#189131 RE: bytheocean #189103

Because we'll lose a vast majority of the Number of our ENZC Shares.
We will receive ONLY 9k SAGA Shares in exchange for every 100k of our ENZC Shares!
WOW! That's a whopping loss. Because at $10-11/Share, that's hardly anything compared to what we would've gotten had ENZC instead landed a big partnership or several licensing deals!

MAYbe this SPAC Deal will fall thru. But what then? Does ENZC have to go back to Square One, looking for potential investors or BP partners? Would THAT take another THREE (3) years? Would that be better than our hanging on just a while longer with SAGA, in the hopes they will get this thing off the ground in the next year?! Some think it will be only 2 months beyond the Extension Deadline of Nov. 23, 2023, IF SAGA votes to extend it. A bird in the hand is worth 2 in the bush.