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Bullboard - Stock Discussion Forum 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... see more

TSXV:CZO - Post Discussion

Ceapro Inc > I had to change my mind!
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Post by fossi_2002 on Apr 26, 2022 9:45am

I had to change my mind!

In the past 4 months I have corresponded with Gilles several times.  I do not want to explain it here in detail, but in the merger it was about the following details:

1. if you want to address new shareholders, a presentation from September 2021 is not very helpful. Worse still is the Fact Sheet, which is about to celebrate its one-year anniversary (May2021). The interests of the shareholders are thus completely ignored.

2) I have asked Gilles to possibly present a "monthly letter" from the President on a regular basis to better cover the information needs of the shareholders.

3. as the cash balance is constantly increasing, I have asked Gilles to discard the idea of a small capital increase, as otherwise the share is likely to come under pressure again.

4) I have asked Gilles to take up the idea and start paying a small dividend of 1 cent per share due to Ceapro's profit situation. If this does not meet with approval, a buyback program of at least 1 million shares per year should be considered.

5. i have drawn Gilles' attention to the fact that the shareholders and not the board, brokers or banks as parties involved bear the greatest risk. The Board of Management must devote more attention to this risk.

6. I assume that, based on the close vote from 2021, Board members Glenn Rourke and Donald Oborowsky will not be up for re-election.

Unfortunately, Gilles did not comment on the first 5 items. He referred to the press releases of Symrise and Ronnie Miller (Q4 report was not available at that time).

I have informed him that I am very disappointed with his response and that he has not addressed any points on the part of the shareholders' wishes.

At this point, I have terminated the correspondence, as he has not shown any willingness to respond to the wishes of the shareholders.

I have informed my shareholders in detail about the situation and requested my voting rights. Once I have received the report on the 1st quarter, I will decide whether to place my confidence in Gilles at the Annual General Meeting.

It seems to me that Gilles has not understood that he is our employee and we are not his useless appendage.
Comment by prophetoffact on Apr 26, 2022 11:04am
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Comment by prophetoffact on Apr 26, 2022 11:09am
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Comment by prophetoffact on Apr 26, 2022 11:13am
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Comment by prophetoffact on Apr 26, 2022 11:14am
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Comment by prophetoffact on Apr 26, 2022 11:21am
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Comment by prophetoffact on Apr 26, 2022 11:38am
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Comment by fossi_2002 on Apr 26, 2022 11:46am
Proph - it is very nice if you are happy with your investment - I am not! If you are satisfied with the information policy, congratulations - I am not. Do you really believe that an interested new shareholder will leaf through all the pages of Ceapro and then listen to the presentation of 27.1. So it doesn't bother you that the fact-sheet is 1 year old? I have noticed, surprisingly, that ...more  
Comment by prophetoffact on Apr 26, 2022 12:14pm
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Comment by prophetoffact on Apr 26, 2022 2:22pm
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Comment by ZoranSto on Apr 26, 2022 12:52pm
Thanks for sharing your Update fossi. I agree with you and as you can see by the volume and shareprice (prior to the big index drop of recent) that the investment community is not interested. I will hold on for a few months to see it the "DATA" shows promise and more importantly the invensting community sees the potential.
Comment by prophetoffact on Apr 26, 2022 1:20pm
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Comment by lscfa on Apr 26, 2022 1:28pm
vote no to Gagnon at next AGM
Comment by Everestbaker on May 15, 2022 12:09pm
Thanks Fossil for your update and reaching out to GG. I agree with most of your ideas (not sure about dividends) and remain completely disappointed with GG's communication (or lack there of).    As for AGM, I urge all shareholders to vote and let your opinions be heard (it doesn't matter if it's for or against). Let's just show we remaining actively invested so the BoD ...more  
Comment by prophetoffact on May 15, 2022 12:32pm
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Comment by fossi_2002 on May 16, 2022 2:16pm
Your argumentation in some discussions is really adventurous. Again and again you compare Ceapro with currently weak biotech stocks or biotech indices, although CZO absolutely does not belong to this category, because only the future will show that. Then you pick the 10-year comparison on CZO, probably the only one that is positive. If someone then uses the 5-year comparison as a basis, for ...more  
Comment by prophetoffact on May 16, 2022 3:51pm
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Comment by fossi_2002 on May 16, 2022 4:19pm
Proph - you seem to be the only shareholder who is satisfied when he loses money. My comparison refers to 5 years and not to a share price of 2.50$ - but as always you are cherry picking. Everyone on this board has lost money - but you are happy. You can judge a company's board by what they have accomplished in the past, not by the pipeline that "may" promise success. Only the future ...more  
Comment by prophetoffact on May 16, 2022 4:42pm
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Comment by Hopeforthebest on May 16, 2022 5:04pm
Well said Fossi. The last 2 days of trading are a prime example of what the investment community believes in CZO and ultimately gagnon. Friday, 5000 shares traded hands with 1 trade, todat 3507 shares with 2 trades. I think that says it all. You would also think that the presentation that Ronnie is making today would be posted all over the place but as usual CZO is lacking in promoting, again ...more  
Comment by prophetoffact on May 16, 2022 5:58pm
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Comment by Minty_33 on May 16, 2022 6:07pm
Prophet of pond scum shite said: "Hopeforthebest, this stock is for big boys who don't need the crowd(volume) to feel secure in their decisions." Fact off you imbecile. Dollars traded today less than $1700. Gilles "Edison" Gagnon ROFL   
Comment by Hopeforthebest on May 16, 2022 6:49pm
correction prophylactic, the stock is for no one as evident in the lack of trades. 
Comment by Minty_33 on May 16, 2022 6:02pm
Gagnon has failed miserably in communication  Gagnon has failed to instill confidence amongst shareholders  Your investment dwindles while Gilles Gagnon keeps raking in the cash Vote against Gilles and all the old cronies on the BOD Enough is enough!  Fact off Gilles and fact off prophet of pond scum shite