RE:RE:RepliCel Reignites its First-in-Japan Strategy I believe all of these plans will burn more than $5M hence there must be another plan forming to roll all of this out. I doubt it will be a dilutive financing or rather hope that it will be via motiviated partnership agreements with time limits to retain exclusive rights.
The plan is ambitious which is what folks wanted so I view this as a win and see what the rest of the plan looks like. I really appreciated the update since it reconfirms the near term path to progression of the product line.
You can be certain that YOFOTO will be given an option to participate, and one would think they will take the option, and otherwise we will gain a new partner to share in the global R&D costs.
The negotiations may take a few more months before a deal is finalized although before then we might see a LOI or MOU announced.
I am not buying more shares until I see more progression on a business plan that is fully funded to get to the approvals stage. I have a core position though in case the SP runs but that will take an awesome deal and it is unclear if the product line is sufficiently advanced to warrant that.
Perhaps the rights to other markets than Japan would open the flood gates to a big partnership with ambitious timelines to maintain these rights. We truly have nothing to lose with such a deal since go it alone is not viable in the current market.
I am still optimistic that management will deliver on this path since this seems to be their strength. Shiseido and YOFOTO are proof in that regards and while we are not seeing the results yet we have good reason for hopeful outcomes from both of these partnerships.