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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

Comment by prophetoffactzon Mar 07, 2024 10:07am
87 Views
Post# 35920321

RE:RE:Every NO vote is important

RE:RE:Every NO vote is importantStinzo, "They clearly spent huge amounts of money and time on something they were not certain about ..."

Insiders were univeral in their approval of the merger. Both the Advisory Board and the Board of Directors universally approved the merger. Not one against - a ringing endorsement. Ronnie Miller said they were "thrilled" and 
“After careful consideration, we believe this transaction is the best way forward for Ceapro and our valued shareholders.”

Insiders were about as certain as they could be that the merger was not only the right path forward but the best path forward. Those protesting the merger have had over 2 1/2 months to put forward an alternative financing package or other plan. Have you seen anything or have the protestors committed to a protest vote with no certainty concerning what is next as they try to derail the best path forward in the eyes of Ronnie Miller, etc. If the merger was the best path forward how much worse is the next best plan? Putting this merger together was costly. How much in costs and delays if another plan has to be pursued? How much cash does CZO have left? What if there is a material delay in PGX scale-up? 
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