RE:Must Say No, because AEZS will go to 0 in around two yearstigerpro wrote: AEZS: 50m cash last year, now only less than 38 million cash left (in addition, it has huge debt). It loses around 16 million every year. It will go bankrupt in around 2 years.
Its directors' salary is 15.6K -20K USD per year, that is ridiculous. Your dear Mr. Gilles Gagnon is collecting 15.6K USD per year from AEZS as a director. The stock price dropped more than 90% during his tenure. He is the worst public executive I have ever seen.
AEZS, as a German company: it is very hard to fire its high salary management teams and employees.
Evern worse, it has a quite high debt (more than 12M USD), it is related to German employee retirement plan. So its real cash balance is less than 26 Million USD. Its stock price will go to 0 in two years.
For CZO, at least its stock price will not go to 0 in two years without merging. However, afrer merging, CZO can go to 0 in two to three years. So we mush say "No" to the deal.
In addition, I dislike the two companies' management teams so much. I don't think they deserve to stay any longer. So I have to say No for whatever their proposal. They must be removed by their shareholders whom they never respect or care about.
Mr. Gilles Gagnon knows he will be removed as CEO from Ceapro next year.
So he has to do something to protect his high salary. Both companies' management team and directors all have the same ideas.
If you vote Yes, you will save them. After 2-3 years, they each will collect 1.5 Million USD more, and they are happy to retire, but the new company's stock price will be 0. Shareholders will cry, but who cares....