AEterna Zentaris Inc. (AEZS)

[chmcnfunds]

Market Cap is now approx $16 million. AEZS needs a $35M to remain listed on Nasdaq. How can they raise market cap over 2 times (gain $19M) in the next several months? Biggest problem beside the $1 minimum quote for 10 days. They will probably go for $3.50 which they did the last time which would mean a 40:1 split. This will assure the minimal bid remains above $1. Need to do this by mid-November. 

Last time they announced a split the shares immediately dropped ~19% 

____________________________________________________ 

chmcnfunds Wednesday, 10/03/12 11:33:48 AM 
Re: chmcnfunds post# 2209
Post # 
2218 
of 6703 Go
AEterna Zentaris Inc. (USA)(NASDAQ:AEZS) shares declined 18.63% to $0.559 in the morning hour after the company today has consolidated its shares on a six-to-one basis as the company attempts to regain compliance with Nasdaq's minimum bid price requirement. The consolidation, which reduces Aeterna's number of outstanding common shares to about 18.7 million from about 112.4 million, was effective yesterday. 

Additionally, the company has received conditional approval from the Toronto Stock Exchange for the consolidation. It is awaiting confirmation from the exchange and Nasdaq. If received, it expects that shares, post-consolidation, will begin trading on these exchanges on Friday. 
_______________________________________________________ 
http://themarketsareopen.blogspot.com/2012/10/nflx-netflix-inc-nasdaqnflx-jumps-on-analyst.html ;

Following the R/S announcement on 10-03-12, they announced an offering on 10-11-12:


Aeterna Zentaris Announces Pricing of US$16.5 Million Public Offering of Common Shares and Warrants
Print
Alert
QUÉBEC CITY, Oct. 12, 2012 /PRNewswire/ - Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZ) (the "Company") today announced the pricing of its previously announced public offering of 6.6 million units (the "Offering"), with each unit consisting of one common share and 0.45 of a warrant to purchase one common share, at a purchase price of US$2.50 per unit. Each warrant will be exercisable for a period of five years following the issuance thereof at an exercise price of US$3.45 per share. Net proceeds from the Offering are expected to be approximately US$15.2 million, after deducting underwriting commissions and other expenses related to the Offering.
Roth Capital Partners, LLC is acting as the sole manager for the Offering.
http://ih.advfn.com/p.php?pid=nmona&article=54496176

By the end of the day on 10-18-12 the pps had dropped to $2.40 – about 50% lower than it what it was on the day before they announced the split.

AEZS