Replies to post #6567 on AEterna Zentaris Inc. (AEZS)

[bullforever]

on August 12, 182.3 million issued and outstanding and only 20.9 M B warrant left. However, your new data show 238 M issued and outstanding, but B warrant not decreased.

It smells more fishy.

You know, short selling or manipulation does not increase share issued and outstanding.

Where this number increase came from?

[bullforever]

Now, I saw the August 31 fact, the 237.7M share outstanding, means 55M cashless share added after August 12. Based on the formula calculation using 5 lowest price days (3 days for 0.08 and 2 days for 0.09). We got 2.5M B warrant exercised for 55M cashless shares. So after August 31, we still have 18.4M B warrant, far away from finished.

Now, we can see the dilution how fast:

http://www.aezsinc.com/pdfdyn/Second%20quarter%20ended%20June%2030,%202015.pdf

between June 1, 2015 and June 30, 2015, approximately 3.0 million of the Series B
Warrants were exercised on an alternate cashless basis, resulting in the issuance of approximately 14.4 million common shares

between July 1, 2015 and August 12, 2015, we issued a total of approximately 42.4 million common
shares pursuant to the exercise of approximately 5.9 million Series B Warrants on an alternate cashless basis.

Well, between August 13 and August 31, 55 million common
shares for 2.5 B warrant.

Or for clear to see:

June1 -June 30, dilution factor is 4.8 (14.4/3)

July 1 -August 12, dilution factor is 7.2 (42.4/5.9)

August 13 -August 31, dilution factor is 22 (55/2.5)

It is impossible to control total shares under 1 Billion after B warrant finished.