Ceapro Inc V.CZO

RE:RE:RE:RE:RE:RE:AVN trial delays

[prophetoffactz]

The 6 month push out of the PGX scale up completion has yet to be explained and the date was pushed out months after the date was set.

In the August 4, 2022 Small Cap Discoveries interview at 12:15 Gilles expected to be on the market in 12-18 months he said. Ceapro (TSX.V: CZO) Interview with CEO Gilles Gagnon - YouTube

That was before CZO had even signed the site agreement with the University of Alberta where they now plan to scale-up. The site agreement was signed in November 2022. In other words, it was a rough estimate before signing the site license and moving in, etc. That 12-18 month timeline estimate would take us potentially to Feb 4, 2024. The current expectation, with the site license signed, and CZO in the facility, and a clearer picture, is for commissioning of the facility by June 2024 and Gilles noted that they may have identified ways to save time and costs. In other words, having signed the site license and moved into the facility, and advanced and re-calibrate their plans with boots on the ground CZO is still within the ballpark of its original 12-18 month timeline. They have never built a facility at this scale and the technology has never been proven at this new scale. As Gilles has noted there are many calculations. The timeines are not to be taken as garentees but preliminary and subject to new information as the project advances or doesn't. Once CZO has built a facility at this scale the construction of a second facility at this scale will be more predictable having done it before.