RE:RE:Gilles destroyer of shareholdersDoes anyone believe AEZS could issue more shares to raise funds for their pipeline given their track record?
More recently, shares were issued in Feb. 19, 2021 at $1.45. Shares were trading for $37 USD taking into acount the 1 for 25 share rollback. On July 22, 2022 they went for the share consolidation and shares were $4.83. That's a 94% shrinkage in the share price. Since that consolidation, today they are trading for just over $2, a futher decline of about 60% in a year and a half. Keep in mind that post merger, they plan to consolidate shares on a 1 to 3 or 1 to 4 basis.
The new AEZS will tout the potential of PGX to allow them to issue more paper, else they can't lure new investors on the old and tired story of Macimorelin. Management's current low or zero share ownership shows they are very unlikely to participate in any share offering.
This merger is BS, and appropriately, from SmallCaps Discoveries, "In the end, you are looking for a management team that treats all resources, especially its shares, like gold, not toilet paper."