RE:The board of AEZS and CZO should be ashamed of themselves"Proph keeps telling us how enthusiastic gilles and Ronnie are. Unlike us, they are not taking any risks, on the contrary, they are being paid handsomely for all this."
The merged company will effectively have a C$36 million market cap at C$.23 per CZO share with C$62.24 million cash as of last report. At ~C$.40 per CZO share the merged company would be trading at the level of cash of the two companies as of the last report. CZO's near-term revenue generating opportunities would be fully financed. CZO shareholders also pick up AEZS's diagnostic test and diversification with the pipeline. AEZS also has significant tax loss carryforwards.