Post by
Ingiboy on Mar 18, 2024 9:29pm
RPINVESTOR1
Quote:
Unless this deal is (1) fair to all shareholders - large and small - and is (2) explained in such a way that a 10 year old can understand it, I will automatically vote 'no.' Andrew Schutte stands to be the big loser if Replicel goes bankrupt. I do not see why he should be the big winner, at the expense of everyone else, by taking the Company private.
I must admit that I fell off the Andrew Schutte bandwagon quite a long time ago. My reasons for this change in thinking include the following:-
1. Investing in private placements when the share price was depressed and sweetening the deal with generous warrants.
2. Failing to communicate with shareholders - despite answering his phone! - and hiding behind excuses such as the lawyers are handling some confidential matters or we are speaking with potential partners.
3. When they met with Shiseido representatives in Japan he stated to them that they were told that Replicel would only make a deal (sale???) if it was in the best interests of Replicel. He never provided us with any additional details on any offer.
4. He did not provide a detailed explanation as to why Replicel was so optimistic about a favourable outcome in the arbitration and why the arbitrator sided with Shiseido's position. He only said that Replicel had lost the arbitration decision.
5. The press release states that the maximum a small shareholder can receive is $2.00? Looks like a potential win for Andrew Schutte.
RPINVESTOR! I cannot agree with you more. Andrew and most likely his buddy Jamie have "cooked" up this flimflam with the threat that if we don't embrace this charade, Bankruptcy is the only option. No there is no way they will collapse the company having invested at least $4,000,000.
The "purchaser" is a new company formed by these two to grab the Replicel assests. Instead of a normal "takeover" where the shareholders are offered a buyout price per share, the buyout is this goofy 8% royalty we as shareholders will get. I personally have never heard of such a load of BS. This new company will move forward with no cash to develope the "assets" they list. How will that work ?
The only problem is when you put Andrew's and Jamie's shares together with a few of the Directors that buy into this, it doesn't matter what we think.....it is a done deal.