RE:Financing at market lows That explains it. Insiders participating in financing so of course do it at market lows. Shareholders get diluted more than necessary.
“Based on commitments already expressed, we anticipate this Offering will be largely subscribed by a small number of insiders and existing shareholders who understand and believe in the progress we are making,” stated RepliCel President and CEO, R. Lee Buckler, “We are pleased with the support this represents and the opportunity for others to participate alongside investors who have done significant due diligence.”