I understand what you are saying. No reason for them to set caps for periods of time of three weeks and over two months if there was any thought the warrants would be done in several days even with high volume. I think management is smarter than that and also under SEC scrutiny.
Quote:
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QUEBEC CITY, Sept. 21, 2015 /CNW Telbec/ - Aeterna Zentaris Inc. (NASDAQ: AEZS)(TSX: AEZ) (the "Company") announced today that it has entered into definitive agreements with the holders (the "Consenting Holders") of approximately 90% of its outstanding Series B Common Share Purchase Warrants (the "Series B Warrants") that are intended to reduce the dilutive effect of the exercise of the Series B Warrants by establishing a cap on the number of shares issuable upon alternate net cashless exercise ("Net Cashless Exercise") of the Series B Warrants until the close of business on November 17, 2015 and by limiting the number of shares that the Consenting Holders may sell until the close of business on October 9, 2015. The Company was advised by Maxim Group LLC ("Maxim") in its negotiations with the holders of the Series B Warrants. The effectiveness of the amendments to the Series B Warrants is subject to the approval of the Toronto Stock Exchange.
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AEZS
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