Part of the problem is that he has given us no clarity, so at this point, all we know is that we're getting screwed with the qty of SAGA div vs what we were originally led to believe we were getting. And the really F'd up part of that is that our div qty was 900/100,000 when the sale price was $250M, then it goes up to $450M and our div qty drops to 400/100,000 best case (which is really just Charles subtlety saying it will be worse)?
(The 900 / 100,000 was a fictional example)
A little bit of clarity on:
1. What happens with ENZC? Right now I'm expecting it to drop back to trip after the div, and possibly before, depending on the non-stop conversions/dilution. If it does go back to Trips, then this is truly a disguised RS, which I believe it is anyway.
(I can buy my way out then, and it will be a non stop flipper if that happens, but he secured 36 months of funding. Why?)
2. Give us a solid and accurate number for the dividend, as well as details. How long do we have to hold ENZC for to be eligible? How long will our SAGA div shares be restricted?
(Agreed)
5. What happen to Montana results? Enzo? Clone 3? Samsung? Etc....
(Everything must be rolled up under NDA's)
Anyway, dropping some accurate clarity on us would go a long way, but I genuinely believe that Charles views us commons as second-tier penny investors, who aren't worth his time. However, that's just my own personal opinion based on his actions or inaction, as well as how he pulled the bait & switch 180, then very shady-like dropped in the PR that ENZC would continue on pinks with no assets/ops; and he did this after leading us to believe that we would fully audited & SEC reporting this year.
(Can you point out a SPAC that has given it's target company investors dividends right off the bat? I can't)
Can you imagine the new company raising all the funds they need via a forward split? I can... Then dividends ongoing?
There's no reason to launch on Nasdaq at all unless some BP partners want them to.
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