RE:RE:492,473,877A 1-for-20 share consolidation seems plausible, but it will pizz off a lot of shareholders. Little wonder the selling continues. The reverse split may allow AEZ to keep its NAZ listing, but it will also open up a huge downside. I would wait until well after the consolidation to buy AEZ.
slagheap wrote: The llisting requirements for the NAZ include a US$35m minimum market cap. Today the m/c for AEZS was US$36.4m which is barely adequate. I expect the m/c to be closer to US$40m when the deadline is reached in December and will include a reverse split which looks to be about 20-1. An o/s of 25-30m sets them up for the next dilution a year from now at the earliest.