Replies to post #197591 on Enzolytics Inc (ENZC)

[nobody9]

Cancel the 9m shares for insiders? Don't you get it, that what exactly the whole point. They were pumping the itv-1 Africa mess right into this whole deal, they thought it would go through fast and their 9m shares would be issued into the Africa trials hype, they wouldn't have a lock-up period like commons would, then they immediately sell them as fast as they can, even they knew they wouldn't get $10 each for them, they would sell heavier than bids would fill, but even if it got down to $1 per share after selling, they'd have made millions on the way down, and commons aren't a threat because you can't sell them. By the time you could, they'd be worthless, management knew this of course, it was all designed to make them rich, not you. Why else sell cures for the world for chump change like this?

[Valuator2]

I'll defer to your knowledge about what the NASDAQ will or will not do, but I agree the double dipping has got to be eliminated. That can be done by either cancelling the 9 million share deal or forcing the exchange to include BOTH the Series A's and B's. From my calculations several months ago and working off of the 6/30/23 balances, the B's held by management can convert to about 3.9 billion shares, or about 50% of total of fully diluted shares as of 6/30/23, although some have already been converted to common and likely sold since then. JMHO.

I think they may be vulnerable on this issue and consequently better do something about it. JMHO. I have long questioned how they got that deal and that the negotiations may not have been at arm's length. The GLD lawsuit revealed some information we otherwise may not have ever learned. JMHO.

[I-Glow]

SAGA isn't listed on the OTC - SAGA was a SPAC listed on Nasdaq but they failed to maintain several Nasdaq listing requirements.

The shares that were supposed to be issued to ENZC don't have any value ast they were delisted - at this time they aren't tradable.

Don't buy Fool's Gold again.

IG