RE:RE:Only hope is YOFOTO. or Second LOI by others.....Whole deal is very one sided.
Interesting they mention the number 160 million and limit shareholder payout to 8% or $2 per share. Do they have someone ready to buy for that price?? (or more??)
Reallt today that is not a lot of money!!
Also , why limit shareholders to only 8% rather than say 50% - Ifreplicel was doing its job to benefit all shareholders it could have sold the assets for everyone's benefit. Also the total shareholder stake is capped @ $2 per share. Even if it comes in it is paid as income or a dividend which would get taxed at a higher rate that capital gains.
If they are looking to sell the assets now , they could have put out feelers right after the arbitration and not wasted time figuring out how to enrich the largest shareholder. Seems like everyone just sat around and collected a big salary while shiedo did some tests rather than try to make the company work!!
Maybe some other large shareholder or other party will come up with a better takeover offer??
We can only hope.
If they were being fair, they should buy out the outside shareholders for the $2 per share right now and then get on with the deal. Maybe someone would prefer that to what we have now??
GLTA