RE:Game overStinzo wrote: Imagine merging with a company that is just draining cash and who's pipeline is now worthless ... What a deal ...
I now have lost considerable amount of money because of my 8 years investment in ceapro ... what a nightmare journey... All because of one man with no dignity or respect for shareholders, I am unfortunately too distant and with too little knowledge to know how these types of companies are managed. Not sure how Canada/USA can consider this CEO ethical and his actions legal ...
In a common sense world, the CEO or board of directors would do a share buy back with all the cash they have in the bank or buy themselves shares. But seems like this company can just decide to drain shareholders cash instead while still being employed with zero accountability ...
This is the sad part. Ceapro had promise, and, like Stinzo, I (among others here) invested in that promise, thinking that it was in the steady hands of a seasoned business leader. Fast forward years later and this has turned into a clown show.
Gilles Gagnon wants it both ways. He wants to have a publicly traded company but also manage it unilaterally (ie without regard for shareholders) like a private company. It's been a series of embarrassing prat falls and failures, culminating in the Ceapro/AEZS shell game/merger. And now they've $hit the bed once more with their macimorelin dud (a holdover from AEZS -- yes, we get to witness all the terrible ideas AEZS had cooking, which no one invested in).
Please step down, Gilles. We need a responsible (and responsive) CEO.