OTCPK:ASPCQ - Post by User
Comment by
PitchinPennieson Jul 05, 2022 6:06pm
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Post# 34803468
RE:RE:A new poem to commemorate the Acerus Annual General Meeting
RE:RE:A new poem to commemorate the Acerus Annual General Meeting@Contrarian: I'm looking at the Acerus trade volumes since the deal with Serenity Pharmaceuticals was announced in March. Essentially, ASP trading flatlined at a point just after the share consolidation and before the Annual General Meeting. Today's volume of 152 shares worth around Cdn$450.00 is typical of the past few weeks' sessions. That's beyond curious, and seems outright bizarre.
The Serenity deal was structured as a share-swap, with Serenity's shareholders due to receive 804 million ASP shares. However, ASP share value has fallen by 60 per cent since the deal was announced on Feb. 28 of this year. No doubt that Dr. Samuel Herschkowitz, boss of Serenity, is far from serene at this moment. Is it a coincidence that Acerus is dragging its heels on the US$6 million upfront payment due to Serenity, which is now overdue?
Ian's sudden contribution of $2.1 million into the Acerus current account was just intended to keep the lights on for another month or two. The shoe that is about to drop will come when they announce the takeover deal is a no-go. If that occurs, stand by and prepare to watch one more bloodbath.