Seeking Alpha

Aeterna Zentaris prices offering at $1.20/unit

  • Aeterna Zentaris (AEZS) raises net proceeds of $12.1M by pricing 11M units at $1.20 each.
  • Each unit consists of one common share and 0.8 of a warrant to buy one common share at $1.25 each, excercisable for up to five years.
  • Aeterna Zentaris will use the money to fund its drug development and for general purposes.
  • Shares are -20.55% at $1.16. (PR)
Comments (3)
  • cfriend881
    , contributor
    Comments (344) | Send Message
     
    i was in this stock, just about the time you get a lil profit.....they dilute , and then give all their top echelon a bigger raise...no thanks ...burned too many times..see the reason they say some of the money will be for general purposes......bigger perks and salaries to the brass....
    9 Jan, 11:43 AM Reply Like
  • pchasse
    , contributor
    Comment (1) | Send Message
     
    I am looking into this stock since it has an Orphan rating on Perifosine. However, this message board is worrysome. I did note the multiply dilutions and thought it might be over. Sounds like you expect more stock splits.
    5 Mar, 01:46 AM Reply Like
  • cfriend881
    , contributor
    Comments (344) | Send Message
     
    PCHASSE..last words from me....go back at least three years an look at their history......for your own good.......
    5 Mar, 10:18 AM Reply Like
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