Replies to post #196423 on Enzolytics Inc (ENZC)

[Valuator2]

Wick, I'd be curious if your research falls along the lines of my recollection about that penalty:
FWIW and JMHO, I don't recall a financial penalty between SAGA and ENZC. However, GLD, or some entity related to it, has claimed that SAGA owes them a $1 million penalty for the failed deal between SAGA and its 1st target. Then SAGA claimed they could avoid that penalty by providing a substitute merger target, and that substitute turned out to be ENZC. I believe the entity that has claimed it's due the penalty has disputed SAGA's rationale. SAGA has also claimed it's a moot issue because of some circular reasoning that it's GLD that would be responsible for paying the penalty to its related entity. I suppose it's a litigable issue to determine whose position is right, but if my understanding of the situation is correct, it has nothing to do with ENZC.