RE:Catching votes from CZO via AEZS?!Now fossi has Gilles buying shares in AEZS to drive up the price 1 1/2 months before the shareholder vote to manipulate the vote. fossi believes he will take a hit on the shares which fossi believes are going to fall in value. fossi believes this after just nine months ago claiming CZO's step-wise plan for PGX scale-up was the right frame and that it could lead to a rapid tripling of sales. fossi provided no indication of where the capital would come from to built a PGX plant that could triple sales to $51.7 million. In the worst biotech bear market in history Gilles appears to have found the capital in the merger. No warrants will need to be issued. Given H.C. Wainwright's US$15 target for AEZS(C$100 million market cap) and that it is a merger of equals it could be seen providing the capital needed at ~$1.25 per CZO share.
fossi_2002 wrote:
Catching votes from CZO via AEZS?!
Gilles can't be sure about the merger. The vote is likely to be very close.
What is the best thing to do?
Buy a few AEZS shares and drive up the share price a little.
Then tell the CZO shareholders (zero turnover yesterday) how advantageous the exchange is (CZO share price $.18 vs. $.027 conversion through merger).
Once you have the votes together, the AEZS share price can fall again.
Later, new shares are issued 10-20% below the current price and once again we are the fools.
Every donkey realizes that something stinks here.