RE:Votesfossi_2002 wrote:
If Oats carefully considers the merger of AEZS and CZO and at least abstains or does not participate in the vote, we have a good chance that the merger in this form will not get the necessary votes.
Why would he want to abstain? It's clear that given the track record of shareholder value destruction at AEZS under Gilles as CEO and as a board member, and even without him is a disaster: by selling CZO at a below liquidation valuation, he needs to vote no to this merger.
It's about time that Gilles gets knocked out for his years of stringing us and OATS group of devoted shareholders to the point that Gilles has essentially given up on CEAPRO by selling it for next to nothing given years of touting PGX as a disruptive delivery system for bioactives. He has failed to execute on all levels. Only management of the new company will benefit from this merger with more years of guaranteed salaries while working remote. Lack of insider ownership shows their interests are not asigned with shareholders thus the 96% drop in AEZS share price in 3 years and even more than over the decades.