Proph said "Ciao, "We have no idea why the interested parties, advanced discussions, and serious discussions could not lead to a commerical PGX licensing deal. But I bet there are many failures there."
We do have an idea and that is that gagnon has absolutely zero creditability as he has, mislead, made poor business decisions and has run 2 companies into the ground. People do not want to invest their money in a person who the cannot trust to make wise business decisions.
This merger with AEZS is materially a PGX deal. Based on H.C. Wainwrights target prices for AEZS over the last year, and that it is a merger of equals, it arguably values CZO's at a target price between C$1.25-C$2.20 per CZO share. That would obviously take PGX into account. Obviously deals AEZS has under discussion for its diagnostic and that CZO has talked about concerning PGX would be taken into account. Gilles is an insider of both companies and so is very well placed. It is because of gagnon being an insider that we have this proposed merger, no one else wanted to do business with gagnon for the above reason. That is assumng that gagnon even went out to look at any alternatives to this shame merger. That is highly doubted as with this merger business continues as usual,sucking money out of the new company so gagnon can his cronies can maintain their lifestyle without every delivering.
Carolyn Egbert, Chair of Aeterna: “Ceapro has well-established and growing commercial operations, with potential value-creating pipeline opportunities in large and growing cosmetic and consumer health markets. We believe that the new company will have the capital resources to support this ongoing growth..."
Carolyn is a nobody and has shown that for the last few year she is just a puppet put in place by gagnon so when the time came she would say the right thing. For this she gets her gold plate freedom 55 pension top up and rides into the sunset.