RE:Why no sharebuyback?? Stinzo wrote: Company holds more cash then market valuation, that's assuming physical assets are worth 0.
Shareholders desperately need some breathing air.
It seems to me to be a no brainer, use a few M to buy some shares and build some credibility ...
The company is losing significant money. A lot rode on the pediatric diagnostic trial which could have provided substantial upfront, milestone and royalty payments as they drive to sustainability. Buying stock doesn't create a sustainable business and significant funds may be needed for the new plan to sustainability. We need to see the plan to sustainability which could take some time meaning more cash burn.
News release:
Mr. Gagnon added, “The reason for creating COSCIENS and the stated goals of the Aeterna Zentaris (now COSCIENS) and Ceapro combination was, and remains:
- broadening the revenue base, product offering and pipeline;
- evaluating our combined product portfolio in an effort to create a mix of near-term revenue generating products with longer term, potentially higher reward products, while also diversifying our respective risks;
- right-sizing our administrative costs and prioritize capital with a clear focus on products and programs that have the best chance to succeed and create value inflection points; and
- taking steps to recruit future leadership talent and expertise to execute on our strategy and take COSCIENS to the next level.
The first two goals will take time to achieve – we want to ensure that we are looking at comprehensive data and market information when making key product related decisions. We also want to ensure that the next President and CEO will have a voice in key decisions as they chart the future direction of COSCIENS.”