Ceapro Inc V.CZO

The Bored

[boazklinghorn]

Remember the board who have ignored you for years, Remember them? They need your vote now. Those who paid themselves well, and backed Gilles every damn time he screwed up those who have never been accountable or held managment to account, or put the interest of shareholders first are now recomending that shareholders accept this deal. I am tempted to vote no just to spite these self serving aholes.

[Ciao]

How about voting NO cause there is no net gain for CEAPRO shareholders (including a massive share rollback). Why merge with a cash burning machine just to get a NASDAQ listing and perhaps dilutive financing? Let CEAPRO go on it's on with a new CEO who can make commercial deals to fund the pipeline? That should have been done years ago and we wouldn't be in this position. What if we

[Tencents]

I imagine th scrnario was that symrise  in early 2023 notified their intention to pull sales orders which led to the legal fees build up to prepare the merger - as this merger was the only way to stop / delay the ship sinking 

[boazklinghorn]

All good points Ciao, I am still pondering the details but one thing I know for certain is; 12 years into his tenure we are at the same price as ten years ago Gilles has been paid every single month of that time.  Now after running CZO down to breakup value and ignoring shareholders for years Gilles is doing a deal that will benfit him ten times more than anyone else. 

[Apostata]

This is the thing. At best this merger is a lateral move, painted as some sort of synergistic slam-dunk when in fact money and resources are simply moving from one company affiliated with GG to another company affiliated with GG. There's no symmetry in their respective product pipelines (not that CZO is in a rush to bring anything to market). It feels like a shell game, with the only winner

[lscfa]

The phrase you're looking for is "empire building", a purely self-indulgent act by Gagnon.

[prophetoffactz]

CZO was always hopeful to build a PGX empire and biopharma company. No Mickey Mouse licensing deal. Shareholders were hopeful too. As CZO's pipeline nears key development milestones and deals it now has $60 million cash, internaitonal infrastructure, a NASDAQ listing, and potential analyst coverage. The yeast beta glucan immune booster market is worth $1 billion. CZO could have the gold

[boazklinghorn]

Much more to the point NO DEALS of any kind EVER. In twelve years until this non arms lenght thing. The Board of CZO is in Gilles pocket so no oversite there. Dont know about the other Co. There are eacxtly zero synergies between these two companies. Again this is the moment when we can make shareholder voices heard and get some accountablity They have been playing us for years. running this

[prophetoffactz]

"Much more to the point NO DEALS of any kind EVER." You think a bigger deal could be achieved with 40 people, a plant in Edmonton, $11 million cash, and a TSX-V listing than with the human resources CZO will have with this deal, the international footprint(Edmonton, Germany), $60 million cash, a NASDAQ listing, and potential US analyst support. Gilles thinks too BIG for you.  With

[Ciao]

His interests are not aligned with shareholders given his low share ownership and a lofty compensation package with a friendly board that allows him to collect $500K annually while working minimal hours remotely thousands of KM away in his Sherbrooke home. Now that CZO is burning cash and shareholders are calling for his removal, he is securing his funds for his continued retirement job. In the