Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Ceapro Inc V.CZO

Ceapro Inc. is a Canada-based biotechnology company. The Company is involved in the development of extraction technology and the application of this technology to the production of extracts and active ingredients from oats and other renewable plant resources. Its primary business activities relate to the development and commercialization of natural products for personal care, cosmetic, human, and animal health industries using technology, natural, renewable resources, and developing products, technologies, and delivery systems. The Company's products include a commercial line of natural active ingredients, including beta glucan, avenanthramides (colloidal oat extract), oat powder, oat oil, oat peptides, and lupin peptides, a commercial line of natural anti-aging skincare products, utilizing active ingredients, including beta glucan and avenanthramides and veterinary therapeutic products, including an oat shampoo, an ear cleanser, and a dermal complex/conditioner.


TSXV:CZO - Post by User

Post by prophetoffactzon Feb 17, 2024 9:23pm
191 Views
Post# 35886286

Not one comment in favor of the merger...

Not one comment in favor of the merger...Given that there was no mention that CZO's main client has returned in the Information Circular(that I'm aware of) and that CZO had ~$11 million cash at the end of September how much cash will be left by the vote? That will be about 5 1/2 months. They never mentioned the current cash in the Information Circular which could be an issue. Since September 30, 2023 CZO needed cash to cover the costs of the proposed merger, the ramp up of the avenanthramide clinical trial, and the simultaneous 5X and 10X scale-up of PGX including with Natex. The additional studies with the Angiogenesis Foundation were also said to be ongoing and they may have begun the toxicology study for the fibrosis drug. There's also a $500,000 breakup fee for the merger but I'm not sure of the conditions. How much cash will CZO have left by the vote? People here like to talk about delays so what if there are delays with PGX scale-up? Are people proposing a financing with warrants and if shareholders have not been willing to listen to the universal recommendation of the Board of Directors and Special Committee and derail this deal who will want to do a financing? The costs of trying to put this merger together have been significant are people suggesting another round or costs and if shareholders don't listen to the Board could that make deal shopping risky? Will the company be in need of additional capital to move things forward and in the penalty box due to the failed deal? On the other hand the AEZS deal provides financing without warrants and fully finances CZO's near term revenue generating prospects. CZO could get to work after the merger closes without further delay. 



  
<< Previous
Bullboard Posts
Next >>