RE:RE:Jason Kolbert reiterated a Buy rating on shares of AEterna avispa wrote:
Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=118353138
Kolbert wrote, AEterna reported 3Q with a net loss of $15M $8M were due to onetime financing costs, so $7M were operational costs. However, whats more important is that management has gone to great lengths to improve the companys capital structure, which has been suppressing valuation of a company, even with commercial products and two phase III assets in Macrilen and ZoptEC. Furthermore, The exercise of series B warrants, which were near 27M in 3Q, were keeping the companys valuation under pressure. Management was able to successfully negotiate with series B holders and effectively reduced the 27M warrants to only 800K. AEterna will look to consolidate shares and raise capital under favorable terms to continue driving pipeline and commercial assets.