let's looks at the track record via the stock chart
[url=https://www.google.com/finance/quote/AEZS:NASDAQ?hl=en&window=MAX]https://www.google.com/finance/quote/AEZS:NASDAQ?hl=en&window=MAX[/url]
and you one can pull out all the previous news releases on AEZS and see how their pipeline is a cash burning machine with share rollbacks of 25 to 1 (in 2022) and 100 to 1 (in 2015 as shares had ballooned to 544M shares) after issuing decades of cheap paper
and how Gilles as CEO of AEZS led the share price to a 80% decline, and when he returned as a board member in January 1 2020 (yes he was there for the $1.45 financing in 2021 and a year later for the 1 for 25 share consolidation) to present, the share price has dropped another 96%
and now Gilles wants to return as the CEO where essentially he wants to sell an ongoing concern, CEAPRO at a liquidation value using paper shares, where they will tout PGX to raise funds by issuing more paper shares as the Macimorelin story is old and tired
https://www.biospace.com/article/releases/effective-immediately-aeterna-zentaris-ceo-out-and-new-leader-named-special-committee-formed-to-review-options-/ and 6 years after a special committee could not do anything to enhance shareholder value, and where the share price since then has dropped on July 28, 2017 at $54 USD to the current $2 USD
and one can see that the lack of insider holdings / buys shows they don't believe in the company,
this merger benefits the management team at AEZS and 5 new CEAPRO board members who will join the new company with funds to keep their salaries and company going, this merger does not benefit CEAPRO shareholders
and Gilles will attempt to escape accountability where CEAPRO shareholders have been calling for him to be removed from the board for years (sharesholders failed to get a majority vote at the last few AGMs) and for him to be replaced as the CEO for his lack of intergrity and years of failures while "working" remotely in Sherbrooke and under friendly board members (a model he has duplicated with the new proposed board)
Say NO to this SHAM merger