CEAPRO has a reputation for poor communication. An analyst appearing on BNN in 2019, Fabrice Taylor said of CEAPRO, “
not public markets people” and that the company should be private (ref.
https://www.bnnbloomberg.ca/video/fabrice-taylor-discusses-ceapro~1584602).
Another BNN guest analyst, Jason Del Vicario had a concern about communication as well with the comment “…
didn’t like their weak disclosure” . Doesn't this sound familiar to us?
In the summer of 2022, a small microcap manager from Rivemont approached Gilles and JTC with respect to getting an update on the company, his calls were not returned. In my attempt to connect microcap managers to CEAPRO, I was made aware of this situation by coincidence. Despite me reaching out, the micro cap manager said he was no longer interested in CEAPRO as he said he got the impression that the company was not interested in exposure and not interested in developing a relationship. It is unfortunate as Rivemont (Montreal based) took part in a financing led by Echelon Partners in 2016 and Gilles said he was familiar with Rivemont.
Let's get a CEO who understands that being a public company you need to properly communicate with fund managers, analysts and retail investors. Imagine if fund managers took large positions in the company and held Gilles somewhat accountable for results.
OATS, you have an opportunity to change all this. Say NO to the sham merger, say NO to Gilles at the AGM and let's push for a new CEO who cares about shareholders.