I did different from you. I re-entered today. I am not sure if we will break $0.05 or not, but we touched $0.05 for three days and not break it. I think many people may think it is worth $0.05 at least even more dilution coming. The cashless B warrant is killing AEZS price and making AEZS surely undervalued. Let's calculate. We say if now AEZS has a final 1-billion shares at $0.05, the market cap is $50 millions. AEZS should worth between $10 MM and $ 1-billion (now $10MM and 2012 $ 1-billion).
The B warrant holders are mostly institutions. They are professional. So, I think they may completely sell their original public offering already to get their investment fully back and drive price down. Then they get cashless B warrant shares for free. Because these shares are free they may want to keep them all. So, we may not decrease price although the cashless B warrant continue conversion.
This is pure speculation, we may drop to $0.01 before B warrant finished. But I don't want an empty account for AEZS. Invest just that much I can afford loss all (now 210K shares, used the same money I sold AEZS Two days ago, but increased 10K shares).
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