RE:Merger Vote That could be a reason for some selling of the stock. That's a decade worth of relationships with shareholders of these companies. Also, did Gilles agree to stay in any capacity? Since Gilles brought the other Board members do they all want to stay? If he doesn't stay that may require an executive search and if Gilles had been working on deals the potential partner may need to see who is now in charge.
"I will divulge the details of our groups discsuusion with Gilles that took place in January with regards to the plan forward after the merger was completed."
We need to see a plan; but the plan could change with the results of the diagnostic test clinical trial. That could greatly solidify things for this company based on an expected licensing agreement or sale of the diagnostic. The Strongbridge deal had ~C$40 million inflation-adjusted upfront plus milestones and royalties. Even C$20 million upfront would be important for the forward plan. If PGX is succesfully scaled to the point of decision for mass industrialization in Q3(100L) that also solidifies things and could set up a deal. The Angiogenesis Foundation should also be near finished and that was to set up a potential deal. They were also to hold talks with regulators concerning the path forward for AEZS pipeline programs. There's so much information potentially that can greatly solidify the plans and path forward.
oats wrote: All,
Just wanted to advise that Gilles Gagnon and the rest of the Ceapro board agreed to provide my group with 2 concessons to obtain our "Yes" vote for the merger.
The first concession was that Jenene Thomas's contract would be terminated immediately going forward.
The second consession was that Gilles Gagnon would not seek rel-election to the board.
As you can see, the first concession has failed as Jenene Thomas was listed as the investor contact at the bottom of the last AEZS news release. We will see what the information circular shows as far as who will be seeking re-eleciton to the AEZS board.
If the second concession turns out to be a failed assurance to obtain our "Yes" vote, I will divulge the details of our groups discsuusion with Gilles that took place in January with regards to the plan forward after the merger was completed.
I would also encourage anyone who spoke to Jolyon Burton from Bloom Burton prior to the merger vote to send me a private message. I have spoken to a few people who were contacted by Jolyon Burton, apparently his tactics to convince people to vote yes were somewhat unethical. If you were contacted by Jolyon Burton and experienced this unethical approach, please let me know.