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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 > Voting
View:
Post by fossi_2002 on Jan 31, 2024 5:09am

Voting

On June 7, 2023, the following vote was taken at the Ceapro Annual General Meeting:
 Votes cast: 34,139 mill.
Votes for gilles 24.113 mill.
If roughly the same number of votes are cast again this time, Gilles will need 22,750 million votes at 66 2/3%.

This will be close and I can only advise everyone to think about the following.
If the merger goes through, many shareholders will be surprised what will happen to their portfolios in the following months.

The history of Aeterna with numerous mergers and necessary capital increases will repeat itself. And I would like to document how quickly this can happen with just one figure.

AEZS's equity last amounted to US$35.80 million. In the previous year it was US$53.00 million, which corresponds to a fall of 32.45% in one year!


Year Number of shares
2025e 4,90
2024e 4,90
2023e 4,90
2022 4,90
2021 4,60
2020 1,60
2019 0,70
2018 0,70
2017 0,60
2016 0,40
2015 0,10


Comment by Ciao on Jan 31, 2024 6:40am
It's quite simple, if OATS and his group votes NO, the merger fails. If he doesn't and we get more participation it will be very close. It's disturbing that OATS has been silent, but perhaps he will find his inner voice soon. The propaganda machine is working hard. It's obvious to us that the track record of shareholder value destruction will only continue as the common ...more  
Comment by prophetoffactz on Jan 31, 2024 7:11am
fossi, "The history of Aeterna with numerous mergers and necessary capital increases will repeat itself. And I would like to document how quickly this can happen with just one figure." The explicit goal of the merger is to create a long-term sustainable business: "The combination is attractive for shareholders of both companies, as it is expected to create a long-term sustainable ...more  
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