RE:RE:RE:Horrific value destructionPremerger CZO shares now worth $0.1425. Is that an all time low? Zero reson for any new shareholders to purchase AEZS shares so dramatic decline on very low volume. A new name and a complete reset is deperately needed.
Ciao wrote: lscfa wrote: Sell off must be CZO shareholders selling their newly acquired AEZS shares after merger.
Could be the exisitng AEZS shareholders as well who essentially got free shares to up their holdings by 50%
"Additionally, as part of the Transaction, Aeterna will issue to its shareholders immediately prior to the closing of the Transaction, 0.47698 of a share purchase warrant (“Transaction Warrant”) for each Aeterna common share held as of such date. Each Transaction Warrant will have a term of three years and each whole Transaction Warrant will be exercisable to purchase one common share of Aeterna at a nominal exercise price of US.01."
As I noted, it was a weasel way to have more dilution while giving the illusion of a better share exchange ratio to CZO shareholders.