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Bullboard - Stock Discussion Forum Ceapro Inc V.CZO

Chemicals Specialty Chemicals
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 > The market easily smells B.S.
View:
Post by Ciao on Dec 15, 2023 10:53am

The market easily smells B.S.

"Gilles Gagnon, Chief Executive Officer of Ceapro, added: “.... This is an exciting day for stakeholders of both companies who share a bright future together.”

There was / is no joyous celebration. An uproar against the merger proposal was the excitement for the day.

I guess Gilles forgot to mention that he destroyed shareholder value at AEZS when he was the CEO with a 80% share price drop, and when he returned 3 years ago for a seat on the board, the stock dropped 96%. Just a small detail that was overlooked. Shareholder value destruction is NOT a bright future.

Let me be blunt, you will have to be an idiot as a CZO shareholder to approve this merger.
Comment by Everestbaker on Dec 15, 2023 11:03am
Agreed Ciao. As an experienced biopharm investor once said: A good management can save a bad drug but a bad management cannot save a good drug. If we assume PGX is the greatest technology ever AND also assume AEZS drug pipeline contains a few gold nuggets, would you trust Mr. Gagnon to bring it over the finish line? History says otherwise. Mr. Gagnon's greed and incompetence knows no bounds ...more  
Ceapro Inc