Ceapro Inc V.CZO

THE REASON I VOTED NO

[Hopeforthebest]

2.0        Stock Price – Back on July 25^th, 2016, 7.5 years ago Czo hit a high of $2.40 with hundreds of thousands of shares being trade. On March 01, 2024 the stock was trading at $0.25 per share, a decrease of approximately 960%. 
 
On Monday March 03, 2023 approximately 1 year ago Czo was trading at $0.70 today with a grand total of 1000 shares being traded. About 1 year later we are now trading at $0.25 per share a decrease of 280%.  
 
I as a shareholder can no longer allow my money to be devalued. The reason for the 7-year downgrade in stock value falls clearly on Gagnon shoulders. He was requested several times my reputable investment companies to become more open and communicate more, Gagnon ignore advise and has become hermit so to speak. Just look at the volume of new releases at both Czo and Aezs and their timing. The majority are monetary based releases that are mandated by the TSX and Nasdaq, very few are directly related to product development, company development etc. unless coupled with 1/4ly or yearly reports. gagnon refuses to keep up the shareholder or investment community abreast of news.
 
This last year sudden decrease rests entirely on the shoulders of both Gagnon and NoShow Ronnie and the lack of confidence the investment has with these 2 parasites at the helm.
 
2.0      Leadership – Let’s look at the 2 primary leaders of Czo, Gagnon and NoShowRonnie.
 
Gagnon – is now 74 years old and heading up 3 companies (do not for an instant think that Gagnon is not pushing the strings at Aezs). For that Gagnon gets $600,000.00 plus at Czo, $150,000.00US Plus at Aezs, plus consulting fees, last one was $960,000.00 plus, and who knows what he gets at the other shell company as it is not public. Gagnon like most of the other executives spend little time at Ceapro so you have to wonder where their focus is, sandy beaches in the winter, summer cabin in the summer, who knows. Gagnon at 74 has shown time in and time out his total lack of respect for the shareholder or investment community and prefers to ignore them until something is needed. He has consistently poor business judgement and also poor scientific judgement (Montreal Institute heart Study) as he is unfocussed (maybe age thing who knows) and worst is that he is a micromanager. Being a micromanager ensure that you only hire people who are below your capabilities so you are not threatened. This is only an issue when the micromanager himself/herself is not capable. Gagnon has shown time and time again especially over the last few years he is not capable business wise. He has put all his eggs in one basket at the basket fell drastically in 2023. Ceapro was once a profitable business it is now a money loosing entity. Aezs was never a money generating company and as evident by continual stock devaluation in order to maintain its Nasdaq listing. I read on the Yahoo board about one who had 1000 shares at 1 time and due to continual stock splitting he now has 6 shares. That is what we will have to look forward to in the future.
 
NoShowRonnie – he is a retired CEO of a reputable company who joined Czo a couple years ago, the hopes were high and finally we had someone who would be able to keep Gagnon in check and focused. Well unfortunately the opposite is true with NoShowRonnie, is another Gagnon. During his couple of years at Czo as a director and CEO he has come out with 3 statements, one that he was happy to be on the BoD of Czo when appointed, 2 at the last AGM to tell shareholders that they need not ask questions because they would be ignored and of course the Proph favourite he is thrilled. NoShowRonnie did not get this name because he was involved, he got the name because he has rarely shown up for meeting etc. hell I wonder if he even knows where Ceapro offices are? NoShowRonnie who never updated his professional profile for almost 2 years, now that is a person who is thrilled to join Ceapro and let the world know.
 
Finally, these 2 parasites are so confident that this merger is the way to go that they have never and probably never will use any of their own money to invest in Ceapro of Aezs. Hell NOT 1, NOT 1 director or executive at either company has had the desired to buy any shares of these 2 companies, YOU HAVE TO WONDER WHY?
 
3.0      Timing – gagnon and both boards are pushing this proxy vote through without delay, ensuring that q4 and 2023 financials are not being report to the investment community before the vote. This can only lead one to assume that things re worse than have led us to believe. gagnon thru proph wants us to know that without the merger the scale up of PGX will run out of money. Thank you, Gagnon, and NoShow Ronnie for spending a $1,000,000.00 on lawyers’ fees in 2023, then you for spending/wasting money period on the Nasdaq listing and so on, just a couple years ago Ceapro was a successful company with enough money to proceed, now with NoShowRonnie at the helm we are losing money and spending like to bit whores.
 
4.0      The Merger – We are told time and time again, by proph that NoShowRonnie is the messiah of the pharma industry, yet we are told that this messiah has been unable to attract any partnerships and the merger is the only way to go. BULL There was never an attempt to get outside partners and this has been Gagnon plan along. You have to question why Ziggy was fired just a few months before this Gagnon lifesaving announcement, did she find suitable partners? We will never know.
 
5.0      Pipeline, little has to be said except that this pipeline has been around for years and never changes. Every AGM Gagnon drags out the pipeline to show what potential Czo, which is amazing and impressive. The only problem is that there is never any advancement, things are added, things are removed but none are ever achieved.
 
6.0      Proph, every year we get to hear from this paid shill usually appearing in December and leaving just after the AGM along with him/her deleting their comments. The information that proph shills sometimes boarders on insider information and many

[Ciao]

You'll be an enabler of this continuing grift at CZO and AEZS if you vote yes. VOTE NO and lets push Gilles out of the board and get some action to have him replaced as the CEO. With a new CEO we should be able to monetize with partners, PGX CoQ10, the AV pill, and even Y-BG. It may take legal action as the board has failed to meet its fudiciary responsibility to replace a failed CEO and the

[scarface9]

Allowing AEZS to merge with CZO would be the equivalent to voluntarily injesting a tapeworm. They're just a parasite that will suck all of the remaining cash out of CZO's treasury.

[Tencents]

I have in mind seeing 1954 as birthdate of ceo - if so 70 not 75 n any case a succession plan needs to be put in place quickly merger or no merger  the management team is not exactly in its prime age wise 

[Hopeforthebest]

I remember reading on this board? that he was 74. Regardless of age it is time to get some young blood in that knows what a business plan looks like and once created how to follow along with communicatingmilestones to the shareholders Based on the past i highly doubt there is any succssion plan in place as the only way gagnon will give up control is if he is pushed out or carried out.

[Tencents]

It's surprising the merger info has not mentionned succession planiing given the age of the management - seems a critical issue 

[Hopeforthebest]

I would not be surprised as a succession plan would involve No.1 a plan and we know that is not something gagnon is capable of and No.2 that would mean the end of the gravy train. But you never know consulting fees paid in US dollars would still be available, remember the $960,000.00 he got from Aezs after he stepped down while the company was going broke.