Enzolytics Inc (PK) (ENZC) Quote

BGEN doesn't own any assets - if so post the patents.

From BioClonetics Immunotherapeutics

INTELLECTUAL PROPERTY

The Company protects its technology through an aggressive strategy to cover its intellectual property. Such intellectual property includes:

PROPRIETARY CELL LINE PRODUCING CLONE 3
- The Company’s Clone 3 cell line, that produces fully human monoclonal
antibodies (mAbs) that specifically target and neutralize the HIV-1 virus, is
proprietary to the Company.

INTELLECTUAL PROPERTY PORTFOLIO
- Pending patent coverage on the recombinant of the Clone 3 antibody. This form of the Clone 3 antibody is prepared using the known amino acid sequence of the Antibody in conjunction with a high producing CHO cell line for generating recombinant
material that would ultimately be used in patient application.

- Pendintg Patent coverage of small molecules (mini-peptides) for commercial use derived from the structure of the Clone 3 antibody for interrupting and preventing binding between the HIV virus and the human CD4+ cell.
- Coverage is directed to blocking peptides that bind to and neutralize the HIV virus, and
- Competitive peptides that bind to the target CD4+ cells at the point of virus access into the human cell to prevent infection.

When you file a provisional patent - which excludes any prior art - it is a 12 month placeholder and you are allowed to use the term patent pending.

Here is an example:

Patent number: 6083504
InventorJoseph P. Cotropia
Assignee BIOCLONETICS IMMUNOTHERAPEUTICS Inc

Status: Expired

Then we have Patent Number 5777074

InventorJoseph P. Cotropia
Assignee BIOCLONETICS IMMUNOTHERAPEUTICS Inc

Status: Expired

US6008044A - and it has expired.

BIOCLONETICS Immunotherapeutics is a empty shell without any IP.

IG

I'm not going to defend Harry. I know many on here will say that Charles was trying to clean up Harry's mess, I'm not saying that you are stating that. How many years has Charles been at Enzolytics acting as the CEO? How many times have the required quarterly/annual filings been late? How many yield signs have there been? Who was in charge of making sure the audits and uplisting occurred? Who announced the non-binding agreement with the SPAC? Who should have done the due diligence on the SPAC and caught the fact that they only had $19 and a few potential NASDAQ violations before it turned into a binding agreement? Who was there when the non-binding agreement changed to a binding agreement? Who was there when it was announced the "transaction is complete"? The list could go on, but I think I've made the point.

"Charles Cotropia, Enzolytics' CEO, said, "We have a well-defined strategy and the necessary technology in place for producing numerous therapeutics for successfully treating numerous viruses that affect patients around the world. Completing the business combination with Sagaliam comes at a critical time. By providing additional funding to Biogenysis and Virogentics, this combination will make possible the final development of the numerous therapeutics now being produced.""
https://www.otcmarkets.com/stock/ENZC/news/Enzolytics-Announces-the-Signing-of-the-Business-Combination-Agreement-with-Sagaliam-Acquisition-Corp-SAGA?id=414494

You're right. I guess I was "jumping the gun" on that one.

What a shit show.

Noted.. Bottom line is it appears that CC, GC and JC have had enough of Harry Z , Harry's past , Harry's continued issue of "ISSUING" shares all over the place. It is not surprising really, Even in a Marriage, when you tried to make it work over and over , after time it is just a decision to make and move forward.
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In this CASE , NO ONE knows what is going on behind the scenes with Charles, Guarav and Joe C other than they have put Energy towards another source. It might have been a relief to have Harry Z post in a PR and disclosure they were "REMOVED" and SPECIAL MEETING (behind Bulgarian Closed Doors) . CMON , Harry is backed into a corner and when people get there , they do things out of desperation.

The notification of late filing isn't due until May 15th I believe.

Where is the 2024 ENZC 1Q Report and financials?

I didn't she was or wasn't a front for someone else. I don't know if she fronts for Billy Ray Miller, James Zimbler, Paul Fellegy, Felizian Paul, or any of the other names that are associated with this company. I was stating that she was involved with Enzolytics long before the current annual report. Was it a "business loan" or "payroll protection program" loan? There were a lot of employes at that residential address that housed what was it 5 businesses? I'm not sticking up for Kelli in any way. If anyone needs more info about her, there were quite a few posts about her in late November 2023. I am still finding it odd that the share count of the convertible note to Camelot Nevada was able to change after a being reported at 14 million four times in required OTC quarterly/annual filings. I guess if I loaned money to a company that I didn't think would pay it back I would also want the number of shares increased and have them declared at a specified price. 56,600,000 x $0.005 =

My concerns as well. Here we have SAGA saying all IP is still in BGEN and it has left SAGA for ENZC. So now I guess we need to know whether everything was in BGEN when it arrived at ENZC (a silly question, but important to confirm given the recent activity). JMHO.

We need a definitive PR from ENZC about exactly what assets it has, including what's in BGEN and what they plan to do with it. Further, we need to know the status of CC and JC with BGEN and the 2022 and 2023 assignments of the 3 patent applications to BGEN. JMHO.

Where is the 2024 ENZC 1Q Report and financials?

AGreed BigItalian . All signals point to negative movement on any SAGA outcome. As predicted Barry K . is not in any way shape or form an upfront business person from all his past and records . From the beginning , I have said and provide many links here and always asked "How did Barry K . come along and who was the connection that brought him". It all appers to be Harry Z and when the PR's started coming out with just Harry Z and Barry K on them about what VIRO was doing only, Bulgaria involvement, Africa ... it SEALED IT completely . This started back a few months ago , long before this change of control came about and has been brewing since end of 2023.
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https://www.otcmarkets.com/stock/ENZC/news/Virogentics-Inc-Receives-Permit-for-Export-to-Africa-of-the-ITV-1-Immunotherapy-Solidifying-the-Scheduled-Administration?id=410092

I agree with your assessment of "significant legal issues" if Chandra and Charles did indeed take BGEN IP with them. "Company right of ownership" would be the main legal issue since ENZC paid their salaries and funded the development. The Supreme Court established this some time again.

What I do not know is if an employee contract can supersede main stream "right of ownership.

MAGA, My take is Harry Z is scrambling at this point. Also that whole "change of Control" with Preferred A holders Zhabilov Trust (Diana) and that name from the past Felizian Paul just stinks . In reality the Preferred A Shareholders of Charles , Chandra and Joe C far outnumbered the Zhabilov Trust and there has never been any disclosure of :
a. CC, Chandra and Joe C selling ANY shares at ANYTIME .
b. Nor a disclosure saying CEO resigning
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This is a pure Zhabilov move having his ATM control of Shares going every which a way he wants . Look for more to come here and would not be surprised if Charles and Team have a legal surprise in the Making. For SURE Chandra DID NOT GIVE UP any AI rights , that was all his from beginning , hence the ADNEXUS start , he can do what ever he wants with the AI ! Charles knows that and that is why ADNEXUS shows his (CC) address protecting it for Chandra!
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I don't see that happening. I think the only reason SAGA still exists is because of the lawsuit they are currently in. The articles of inception (original and revised) of the SPAC SAGA stated clearly there were deadlines and criteria they had to meet otherwise they would need to start the de-SPAC process. Missing an extension deadline, in my opinion, should have triggered the start of the de-SPAC process. From what I've been seeing lately whoever it is that is running these companies (ENZC, SAGA, BGEN, VIRO, etc) are doing whatever they want to do and does not feel the need to follow rules, laws, or abide by contracts.

"The funds that SPACs raise in an IPO are placed in an interest-bearing trust account that cannot be disbursed except to complete an acquisition. In the event it is unable to complete an acquisition, funds will be returned and the SPAC will ultimately be liquidated.
A SPAC has two years to complete a deal or face liquidation. In some cases, some of the interest earned from the trust can serve as the SPAC’s working capital. After an acquisition, a SPAC is usually listed on one of the major stock exchanges."

"There are any number of reasons why a SPAC deal might fail.

The SPAC may not be able to find a suitable acquisition target in time. This can happen if the SPAC’s management team is not able to identify a private company that fits the investment criteria outlined in the SPAC’s prospectus, or if the private company is not interested in being acquired by the SPAC.
The SPAC’s management team may not be able to negotiate favorable terms for the acquisition, such as the purchase price or the structure of the deal.
The SPAC may not be able to raise enough capital through the IPO to fund the acquisition. This can happen if there is not enough investor interest in the SPAC, or if market conditions are unfavorable.
Finally, the SPAC deal can fail if the acquisition is not approved by the SPAC’s shareholders or by regulatory authorities."

"What happens if a SPAC does not merge?
SPACs have a specific time frame in which they need to merge with another company and close a deal. This time frame is usually 18 to 24 months. If a SPAC cannot merge during the allotted time, then it liquidates and all funds are returned to investors."

https://www.investopedia.com/terms/s/spac.asp

NO , Kelli Austin is a front person for Billy R , and Zhabilov that goes WAY Back .
This is what happens when folks do not do the LINKS I provide (NO IMO's ever) and at least look at the documentation. !!!
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She is Camelot Nevada which ia a fake front , and I have posted various things with LINKS . That $283,000 was a fradulent payment during Corona Virus for a "Business Loan" also posted that prior with links . She has been converting shares on behalf of those two for some time . Here is one of them . BAD NEWS KELLI !! BEWARE has been a Zhabilov puppet front fake person for years.
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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173281577
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Here is more , READ and WEAP for falling for Kelli Austin prior to this .
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173265447
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Folks do your DD and at least check them in GOOGLE , FIRST ! Kelli Austin has been a crook for years even in her CPA supposed business. Do some RESEARCH !
https://www.bbb.org/us/tx/mont-belvieu/profile/tax-return-preparation/austin-accounting-and-tax-0915-90045259

This is my question as well TJ24. To the best of my knowledge, BGEN is in control of Clone 3 & AI Platform. However, with the last PR stating that BGEN was going back under ENZC, I find it hard (almost impossible) to believe that BGEN retains ownership of C3/AI platform at the same time Charles & Chandra step away from both BGEN & ENZC. Would Charles really leave his crown-jewel (C3) behind with BGEN and step away? Very unclear and murky, as we've grown accustomed to with ENZC.

Anyway, my point is that I too, would really like to know the answer to this question. The answer would determine whether or not I buy back in or wave farewell to ENZC forever. C3, along with my "original belief" about Charles (That he was an honest CEO who had shareholders best interest in mind), are the main reasons I held 3-4 years+, instead of cashing out what would have been life-changing $$$ for me. Biggest lesson I've learned since I began trading, and still hard to swallow.

My dilemma is that I still believe in C3, but:

1. We've heard nothing about it in years. What happened to the tests? What happened with ENZO the monkey? Was he cured?
2. Does BGEN own C3 now, and if so, will BGEN move forward under ENZC, or will they screw us with some other SPAC/selling off to somebody else?
3. What is Charles role in all of this? If BGEN does own C3, I just can't see Charles allowing C3 to move forward without him.

Anyway, like I said, murky at best.


Which company currently has possession of Clone 3?

That's what I was musing about last week. I think Kostiner and Catropia are still thick as thieves, and that BGEN and MABS-Tech will merge with a new SAGA SPAC offer, but not so overtly as I just wrote it. (Something like that. I think its hail-Mary for SAGA to move ahead with Clone3/7, and be elusive to legal claims from ENZC or its shareholders.)

The 56 million was bothering me, as I remembered it being 14 million. I looked into it, and it's funny how easily the numbers can change. Good thing leadership never went SEC reporting, they may have been held accountable.

2022 annual shows 14 million
https://www.otcmarkets.com/otcapi/company/financial-report/366963/content
2023 1st quarter shows 14 million
https://www.otcmarkets.com/otcapi/company/financial-report/371665/content
2023 2nd quarter shows 14 million
https://www.otcmarkets.com/otcapi/company/financial-report/379987/content
2023 3rd quarter shows 14 million
https://www.otcmarkets.com/otcapi/company/financial-report/387028/content
Then in the 2023 annual it shows a conversion rate of 56.6 million with a price of $0.005
https://www.otcmarkets.com/otcapi/company/financial-report/398912/content

That is Harry Z doing the same thing as before and then CAMELOT aka Kelli Austin for another 56 million shares on page 13.

Valuator2,
My opinionated analysis is based on all the PR infomation (and/or lack of any opposing information) provided to ENZC shareholders so far and also was based on your post number 197524 in which you suspect that the control of ENZC was relinquished back to Harry under the 4-way agreement between Charles, Joes, Chandra and Harry.

Despite that the fact that Charles is lawyer, the party of four (Charles, Joes, Chandra and Harry) think that all of them can get away with doing the "bad" things because ENZC is an OTC stock which is not being subject to the SEC regulation enforcement, and also perhaps because they have not yet received any real legal challenges from any of its ENZC shareholders. They also know that ENZC shareholders do not have any voting rights to oppose any of their plans.

We recently know that Charles and Chandra have already detached themselves from ENZC and successfully founded their own new companies without telling ENZC shareholders and without any regards to the terms of the transaction with SAGA as they founded their own companies. Is it greed for is it because Charles is running out of time as his age is 80 year and he does not have much time left to do what he planned to set out to do.

p/s: I am responsible for drawing my personal opinion independently from Dyno89 whose posts I dont read and already ignored

2 questions: (1) While an investor with BioClonetics, what did you think of the way Charles managed the company and was he fair to stockholders?
(2) How did you calculate the 81,000 shares in Option 3?
TIA.

Just 2 or 3 days ago, SAGA issued a PR stating that BGEN was out of the deal and was returned to ENZC with its IP, patent applications and some work in progress and even put a value on BGEN of $160 million.

Now, you and Dyno are saying CC and Chandra somehow stripped the IP and AI out of BGEN without giving compensation to either BGEN or ENZC, which spent millions over the last 3 years developing the IP and AI and made numerous representations that it all belonged to ENZC, even after attaching the 2022 and 2023 executed assignments of the patent applications from them (CC, JC and Chandra) to BGEN only 6 months ago in the BCA.

If they did this, I suspect there might be some significant legal issues associated with that act. Don't you? Is this just your speculation, is it inside information or is it something you've picked up from some source you think is reliable? I want to know.

I'm not saying it can't be done, eg, BGEN can miss on the terms of the assignments, but then there can be issues of right of ownership since they were employees of ENZC and ENZC foot the bills. Or maybe there was some agreement between them and Harry, in which case I would think all of them would have a legal problem, maybe with a lot of us.

So, which is true? I'd like to know more. All JMHO.

The last staement I find is a little wierd , SAGA shares show on Enzolytics end of year filings under assets . So how and why will the dividend come from SAGA when they don't have the shares?
pagee 31 https://www.otcmarkets.com/otcapi/company/financial-report/398912/content

In 2017, I invested $200 into BioClonetics, the company founded by Charles and Joseph Cotropia. Specifically, I spent $200 on a SAFE (Simple Agreement for Future Equity) via WeFunder.

That SAFE would be converted into actual shares of BioClonetics if BioClonetics received equity financing or experienced a change of control.


For purposes of the SAFE, "equity financing" and "change of control" are defined as follows:

“equity financing” means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed pre-money valuation.

“change of control” means (i) a transaction or series of related transactions in which any “person” or “group” (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the outstanding voting securities of the Company having the right to vote for the election of members of the Company’s board of directors, (ii) any reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity or (iii) a sale, lease or other disposition of all or substantially all of the assets of the Company.


In 2020, Enzolytics bought BioClonetics. However, Charles Cotropia said that this purchase was NOT a change of control of BioClonetics because the people in charge of BioClonetics would control Enzolytics and Enzolytics would control BioClonetics.


Charles gave 3 options to each investor who had a BioClonetics SAFE.

1) The investor would take a repayment of the investor's original BioClonetics investment with 2% annual interest.

2) The investor would get one Preferred Series D share of Enzolytics for every $5 invested into BioClonetics. After one year, the investor would get 120 shares of Enzolytics Common Stock for every Preferred Series D share of Enzolytics.

3) The investor's BioClonetics SAFE would become an Enzolytics SAFE. In other words, Enzolytics would take over all of BioClonetics's obligations under the SAFE. So, the Enzolytics SAFE would be converted into actual shares of Enzolytics if Enzolytics received equity financing or experienced a change of control.


Option 1 would give me $212, a paltry $12 in profit.

Option 2 would give me 4800 shares of Enzolytics Common Stock.

With option 3, I would get over 81000 shares of Enzolytics Common Stock if Enzolytics experienced a change of control.


In January 2021, I chose option 3.


My questions are as follows:

1) Since January 2021, has Enzolytics received equity financing or experienced a change of control?


2) I invested into BioClonetics because of Charles Cotropia's Clone 3. Which company currently has possession of Clone 3?


If Charles has taken Clone 3 away from Enzolytics, is Charles's action legal? Will there be some kind of class-action lawsuit against Charles as a result of his action?


3) Are any Enzolytics investors currently suing Enzolytics for any reason at all?


4) Other than myself, are any members of this forum holding an Enzolytics SAFE?


Thank you.

Just to keep up to date on the Dr. I feel we have lost out because of Harry and his buddy.

#AdnexusBiotechnologies has recently added a valuable asset to its therapeutics portfolio. #Sanctum Therapeutics' HIV capsid inhibitor has shown promising results in neutralizing HIV, making it a valuable addition to Adnexus' asset portfolio. By combining our expertise with that of the members of the Sanctum team, who have advanced knowledge in chemistry, pharmacology, in-silico methodology, and drug manufacturing, Adnexus will be able to develop valuable therapeutics independently and expand our #AI #drugdiscovery capabilities.

In this agreement it states the shareholders will get dividend stocks but the yearly report states on page four that common shares will not get the divi shares.

Sagaliam Acquisition Corp. Announces Novation Agreement with Enzolytics, Inc.
This agreement transferred ownership of Biogenysis, Inc. ("BGEN") and it's IP, patents and associated asset being developed back to ENZC in exchange for a reduction of the price from $450,000,000 to $290,000,000 with the dividend of the purchase shares to come directly to the ENZC shareholders from SAGA.

I hope not because once the preferred A to common shares conversion is approved, PPS will take a big dive when the insiders dump the shares

Charles was with BGEN which was sold off to SAGA. Since Charles took the IPs from BGEN and found another bio company under his name, SAGA figured that BGEN was no longer valueable for them and SAGA decided to return BGEN.

After seeing what Charles did, Chandra also ran off from ENZC with the AI platform which was created during his employment at ENZC.

Both Chandra and Charles took the IPs from ENZC under the 4way (Charles, Chandra, Joe,sndHarry) agreement. Charles and Chandra took the IPs from the ENZC shareholder without the shareholders knowledge. was AI platform a part of BGEN?

We probably won’t be hearing from SAGA or ENZC on this question for another long silent period of time.

Just my humble opinion

I believe I saw something stating that they were going to apply to FINRA to have the Preferred Class A shares be eligible for conversion to common shares, but I can't find it at the moment.

How does the SAGA deal only include VIRO and not BGEN? If the deal was not legally completed (I don't believe it was) why is it that only the VIRO assets of the business combination agreement would be returned to ENZC? Why are the BGEN assets allowed to break free after a failed SPAC business combination agreement and not be returned to ENZC? How is the SPAC allowed to miss an extension deadline and then skip follow-up extension filings (and payments), but then be allowed to pretend they completed their business combination agreement? There were other filings and requirements they were delinquent on as well. Isn't this against their articles of inception? Does contract law matter at all?

Since BGEN and the assets under it were not part of the SAGA deal after all, and those clearly left with Charles and Chandra, the best anyone could hope for here (if the court was to decide the SAGA deal was not legal) is that ITV-1 and IPF (assets under VIRO) would come back under ENZC. And even then, they’re all but worthless as we’ve seen. The only real potential here was Clone 3 (whole reason the merger happened in the first place in 2020) and that’s gone. And if they couldn’t get funding or even begin real clinical trials on that in 3 1/2 years under ENZC, what makes anyone think it’s remotely close to those under a new company / shell.

Each of the ENZC preferred share classes A-F appear to have voting rights:

https://www.otcmarkets.com/otcapi/company/financial-report/398912/content

If I did the math correctly, the voting rights of other classes don't matter because Preferred A voting rights adjust to always have a minimum 51% weight "to approve any action" (page 5) and include a crazy formula which amplifies them further:

For purposes of determining the number of votes, each one (1) share of the Series A Preferred shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding common stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator.

13,200,000 outstanding Preferred A
3,187,974,957 outstanding Common Stock

((0.019607 * 3,187,974,957) / .49) - (0.019607 * 3,187,974,957)
= ~65,057,916 votes per "each one (1) share of the Series A Preferred"
= 858,764,488,526,824 votes collectively, which probably trumps all the other voting classes. :P

I believe Preferred A are a control group and not convertible to common.

Older info but I sliced and diced the different share classes back here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168639909


Interestingly, common shares DO NOT have dividend rights (Page 4 of the filing linked above):

There is no dividend, or preemption rights with common equity. The voting rights are one vote for each share held.
Without dividend rights there is no obligation for the company to issue a dividend.
(But they might in goodwill, if they can get regulatory approval.)

The more you read from educated posts, the more you realize this people are all completely corrupt.

Kelli Austin received Enzolytics, Inc. shares long before the last disclosure. She received 10,000,000 on April 19, 2023 for a consulting contract see page 11 of the supplied link. And another 18,000,000 on May 29,2023 for a consulting contract on page 13 same document. There is also the $283,000 she supplied on 11/01/2022 on behalf of Camelot Nevada Trust as a convertible note that converts into 14,000,000 shares on page 14 same document.
https://www.otcmarkets.com/otcapi/company/financial-report/379987/content

2. Kelli Austin , on the last disclsure shows getting Millions of shares recently for SERVICES . Folks also I posted links about this person, their background in OTC issues , was not an established CPA (showed address in Texas) REDLIGHT

The big thing we need to hear is the court says that the SAGA deal is not legal , then what will happen? Because all the moves where based on having the SAGA shares. GLTA

$ENZC Keep in mind on a few things here. What makes sense and what does not, keep out of theories and subjective statements from people posting on what Preferred shares do , who has done what and what does this last PR and disclosure really state in FACTUAL Statements.
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1. SAGA . FOLKS I have posted factual links about Barry K , he was involved and is a CEO of another PINK. How he became involved in this whole SPAC issue and then ENZC had to though Harry Z , which was really all one needed to say REDLIGHT.
2. Kelli Austin , on the last disclsure shows getting Millions of shares recently for SERVICES . Folks also I posted links about this person, their background in OTC issues , was not an established CPA (showed address in Texas) REDLIGHT
3. HARRY Z , there is so much posted in links from so many sources that it was never surprising to see all the Skeletons come out of the closets, then futher issues in Bulgaria contacts , Shares going all over the place . Then the MAJOR REDLIGHT , the PR comes out on the "Special Meeting" where CC is gone, Chandra is not participating and only TWO supposed voting Shareholders (TRUST Zhabilov) Diana and someone from years past this Felizian Paul (or Paul F) appears as being a MAJOR SHAREHOLDER with voting rights vote in a new CEO Steve Sharabura (who knows nothing about OTC or running a company) as the CEO . That has so many holes in it , plus the Change of Control put out Showing Steve Sharabura , Diana and Harry Z as the OFFICERS (OMG Redflag)
see here
https://www.otcmarkets.com/stock/ENZC/news/story?e&id=2805406
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Keep in mind the new disclosure out does not show where SHARES WENT or even IF THEY DID ANYTHING AT ALL from CC, Chandra and Joe S . By the way last disclosure is altered where these three do not SHOW the A Shares they had or SHOW The COMMON Shares (they did not sell or it would have been disclosed)
See pg 25 as I said before
https://www.otcmarkets.com/otcapi/company/financial-report/398912/content
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So ONE HAS to go back to the Disclosure that came out Prior to September end (filed late and amended to show CC , Chandra and Joe S Removed, to the one prior showing . SOMETHING WENT DOWN towards the end of last year between the Relationship with Harry Z , Charles and Chandra and that was involving the folks like Barry K , Kelli Austin etc. Not surprising knowing Harry Z's past , just to many skeletons that keep coming out of the closet .
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Right here shows Chandra , CC and Joe S with their COMMON SHARES and PREFERRED A SHARES . (6/30/23)
https://www.otcmarkets.com/otcapi/company/financial-report/379987/content
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The Share Structure has not really changed except added shares , NOT SHARES SOLD (would have been disclosed if CC , Chandra and JOe C) and those added shares went to folks like Kelli Austin .
Just look at pgs 9,10,11,12,13 where shares are issued stating CONVERSION , folks like SEACOR in there , Kelli Austin , other names . That is Harry Z doing the same thing as before and then CAMELOT aka Kelli Austin for another 56 million shares on page 13.
https://www.otcmarkets.com/otcapi/company/financial-report/398912/content
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Folks , cmon it is plain to see that a separation just took place and the KEY FOLKS were not apparently told the truth to by Harry Z . TBD on how this all turns out .

PREFERRED SHARES DO NOT HAVE VOTING RIGHTS. How in the world did the ENZC post-SAGA "voting" occur PERIOD?! Thoughts & comments on this point relative to postings over the weekend?

Can anyone determine if the preferred A shares were converted to common shares, thereby allowing Felizian Paul and the "Z" Trust to vote?

Sorry to hear that. Alot was told to us as happening Uplisting , audits we won't even talk about trials ect.. and so far no follow thru on their end.

I Lost $154,000.00 in My ROTH IRA What a shame for me !!

Nobody talks about cure for HIV. smh. what a shame.

Obviously no proof of this yet, but I think we can put two and two together and this makes the most sense of what happened.

Charles is a lifelong attorney and I said all along when the SAGA issues came up it made no sense that he wasn’t backing out of this deal. Well, he was smart after all and with all the SAGA issues basically decided he was going to pull his tech out, and clearly Chandra followed.

They prob made it clear that they were not going through with this SAGA deal, as there would be no Nasdaq uplisting which was Charles whole objective in this and then to get financing options that would open up from a higher legitimately seen exchange unlike the otc.

This was prob going on behind closed doors internally for months since the lawsuit and delisting issue cropped up.

So they prob reached an internal agreement that Charles and Chandra’s assets were not going to be part of the SAGA deal and they would also be leaving ENZC (with their assets).

We now know both left ENZC and we know that BGEN was returned and its assets were not part of the SAGA deal.

Makes the most sense at this point putting everything together that this didn’t have to necessarily play out in the order they announced it publicly. Maybe Charles and Chandra pulled the assets from BGEN and left first, which forced the board change and then also forced the change in the SAGA deal. But since they said all BGEN was returned with its assets, I’d say that Charles told them he and Chandra would be leaving and taking their tech with them. So the last few months of events, however they played out and in whatever order, brings us to where this is now.

Charles and Chandra gone in all aspects and took their tech with them. Insider shares all switched around and board change. ENZC and SAGA moving forward without that half, which means VIRO tech is still under SAGA. ENZC is basically a shell at this point with “no assets, no operations” as they already warned shareholders last July (and no one here but a few of us wanted to listen).

Mutat, If you're asking about what IP went back to ENZC in the Novation, SAGA didn't specify anything, and I don't think ENZC has put out a PR about it yet. We all would like to know!
https://finance.yahoo.com/news/sagaliam-acquisition-corp-announces-novation-120000626.html?guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAADFHcsh9wLllAx0AG-c48DZwQHRN7qYPPX7TEsIpag8GDFxMndrqqQ-yDM5PZxQgQpQC_NTZdsKbc3G_LwbrMS_4MXrF0k_P48KZpJONi22bF2yia0IXetmHu-GKEZdsz2bCeep19vBXh13wpZ0UO5aKjDvolYvWrZlTfjGLCymO&guccounter=2
This agreement transferred ownership of Biogenysis, Inc. ("BGEN") and it's IP, patents and associated asset being developed back to ENZC in exchange for a reduction of the price from $450,000,000 to $290,000,000 with the dividend of the purchase shares to come directly to the ENZC shareholders from SAGA.

Do you know what IP came with BGEN?

Filing a franchise Tax Return in Texas is not a big deal. Now that BGEN is back under ENZC, they should file it immediately. Maybe Steve is not aware of it. Here's a little help.
https://comptroller.texas.gov/taxes/franchise/forms/2024-franchise.php

I had Legal Zoom do my incorporation and registration as a Texas Business. That cost me all of $900.00. I pay $250.00 per year for the Legal Zoom team to act as my registered agent for my S-Corp status in Texas to keep me current.

It can be done cheap and fast, from any state.

GLTA

Thanks. I try to keep it realistic and meaningful if possible. My opinions are JMHO.
Re your comments about the CEO leaving, I wonder why the 30 delay in reporting it as well. Should have been reported by the next day, if not immediately, IMO.

This past mgmt hid information. Now we have people that have hidden in the background for years. Wtf

Valuator , THANK YOU , Great DD again . NOTED, there are some key folks that have SPECIFICS still left on this Board after all.
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Lets See where all this goes and for the folks that are now not here what they do. Still strange a filing was not done about a CEO leaving (besides the article) which is normal. Then again in the past year , not to many thing have been normal here . Wonder what will come with all the past collaborations in PR's , if any are still in effect or have they gone away .
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onward and forward.

Right, ENZC exists in Delaware, but unless they are going to lease out a lab there, they would have to be registered as a business with the SOS of Texas or anywhere else. I would think they could just get a dirt cheap LLC and a registered agent, but that probably depends on the State what they can do under a LLC.

Biogenysis and Robustomed and Sagaliam is the same, they can't release news under any of them saying they discovered or are working on ______ until they are paying a State the fees. They can say anything about the business matters, just can't operate labs, even Walter White style in RV's!

You understand that, while most people think ENZC alone registered in Delaware covers everything. Apparently it's cheaper to register in Delaware or Nevada, as most companies do, and then pay individual fees to ___ States they do business in rather than only paying in Texas or wherever.

The stock, however can go on forever if they keep it alive. I jumped because I was terrified it would disappear like Bed Bath and Beyond overnight... OOPS.

So how much did you lose ,

Another great DD , thanks very much and also very interesting. Strange after all this time for the name to come out as major Preferred A Shareholder for ENZC and has not been on the Disclosures .

Very good , thank you I ALWAYS appreciate the DD with LINKS! Interesting

You're welcome, you've already made your money, you're on free shares, you don't need saved, but plenty of others have lost everything and are ruined, no need for more to fall victim to this bs