Re, re ProphSorry for the long preamble but the first part are proph/gagnon words:
Knowing how much CZO's stock price has fluctuated over the last decade due to circumstances beyond Gilles control: When the person at the top does not take blame for what has occurred you know you are in trouble and that person is incompetent.
It is gagnon words and actions or lack of that have gotten us to where we are today. No one made gagnon over produce by $5,000,000.00. No one force gagnon too signed a business deal with now our competitor. No one forced gagnon to hire a a VP in charge or business development who during her time lost business, not grow. No one except for gagnon took a $2.00 plus stock and that is now trading as a penny stock. No one force gagnon to make the wrong call on the type of drug (for lack of a better word) when trialing with the Montreal heart institute. No one but gagnon failed to see that not diversification was required to ensure growth. No one but gagnon has taken 2 companies with excess cash reserves and bled them dry. No one but gagnon has been on 2 boards at the sametime and watched their stock value sink to oblivion. No one but gagnon has failed to keep shareholders undated in a timely fashion on the progress of any devlopments. No one except gagnon has promosied so much but delivered on so little. This is what Gilles is responsible for: "The combination is attractive for shareholders of both companies, as it is expected to create a long-term sustainable business..." news release Both companies are bleeding money
Gilles Gagnon, Chief Executive Officer of Ceapro: “The transaction provides us with the additional capital and internal capabilities to fully support near-term revenue generating cosmeceutical and nutraceutical product development programs..." news release and that capital will be used by gagnon and no show Ronnie to ensure that their grandeur lifestyle can continue for many more years until nothing is left.
With financing and internal capabilities in place you can see why Ronnie Miller is "thrilled", Gilles is 'excited' and the Chair of AEZS is 'compelled'. Gilles is on the insideof both CZO and AEZS and knows the deals, etc., being worked on. Gilles wants CZO's pipeline on NASDAQ now for a reason. Given H.C. Wainwright's US$15 target and that it is a merger of equals the target valuation of this deal is arguably C$200 million or ~$1.25 per current CZO share. Wainwright is a company that has no respect in the investment community and will say what every money will tell them too. Their $15 dollar prediction is absolutely a lie and not based on anything but what gagnon has paid themto say, kinda like the dribble coming out of proph. You have 2 companies, one trading at less than 20 cents cdn and the other at around $1.75US and you combine the 2 it automatically makes $15US, what a pile of crock. Doesn't matter how much you split up the stock, the math and past history just does not justifiy that price.