What is the PlanAndrew Schutte will be loaning "up to $1,000,000 contingent on acquiring all assets of Replicel.
From today's NR:
"The Loan will be secured against all present and after acquired property of RepliCel" .
So in essence this loan will be executed if and when the take-over is completed.
At the moment I see no way that the minority shareholders can stop this which leads me to the question: once the take-over is completed and the loan is in place, What is the plan ?
It would be helpful if the minority share holders knew the plan. We may even vote to accept this proposal if it looked like we may eventually get some return on our investment. It puzzles me that we know nothing about how this will move forward and the so called assets will be developed to commercialization as he states. I still think this is a grab and sell scheme with the minority shareholders receiving a few "crumbs" when all is said and done.
Tell us the plan !