RE:New Press Release - Ceapro Inc. Announces the Mailing of Meeting Materials in Connection With the Special Meeting of Securityholders to Approve Merger With Aeterna Zentaris"it has mailed and filed a management information circular dated February 9, 2024 " as of 2 days ago nothing was filled with SEDAR.
Seeing the postponement of 2 weeks, maybe they need a 3rd party to convince shareholders that this is a great deal, LOL. I wonder if they would use the same firm that was calling AEZS shareholders 2 years ago telling (per Yahoo Finance conversation thread) them they should vote in favour of the 25 for 1 share consolidation. Since then, the share price has dropped about 96%.
Should the merger pass, they will be consolidating shares again, 3 or 4 for 1. So in a span of 3 plus years, they could have effectively a 100 for 1 AEZS share consolidation. It's a bit better for us CEAPRO shareholders, we'll see for every 1,000 shares an effective dilution first to 60 shares to AEZS then the new company, then after the 3 or 4 for consolidation they will propose later, you'll get 15 or 20 shares of the new company, for each 1,000 CEAPRO shares you currently have. And BTW, when sharres consolidate, they usually erode in value very quickly.