Sad day for AEZS longs. I suppose a congratulations to AF for making the right call. This hurts, but there was always this risk. I hope after an initial dip, the price settles around $1 for the value of 108 and cash on hand, but the record of failure might devalue the rest of the pipeline for a while.
I made the investment at $1.6 hoping for a max loss under 50%... we shall see.