Replicel Life Sciences Inc V.RP

Vote NO

[lscfa]

Shutte owns 27% of co. If he were to invest $2 million to get RP to commercialization he would own 55% of co. Does anyone really expect him to spend $2 million as a private co. or will he just shop the assets around until he finds a buyer?

 

	Schutte	Total	Shutte %
Shs	17,401,616	65,001,560	26.8%
$2M @ $0.05/sh	40,000,000	40,000,000	100.0%
	57,401,616	105,001,560	54.7%
	Schutte	Total	Shutte %
Shs	17,401,616	65,001,560	26.8%
Wrts	6,744,776	11,384,559	59.2%
Options	1,155,000	4,075,000	28.3%
Convertible pref	250,000	1,089,125	23.0%
	25,551,392	81,550,244	31.3%

[lscfa]

3% of asset sales to shareholders is robbery when Schutte only owns 27% of co.  Schutte can spend $100k-$200k to find a buyer and get 97% of proceeds. The 3% no. needs to be increased to at least 50%.