Yofoto Deal re-visitedLet's take a quick look at the original Yofoto deal:
From their website Jan. 25th 2021
"In October 2018, YOFOTO invested CDN $5,090,000 in RepliCel by purchasing 5,357,000 common shares at CDN $0.95 per Share along with 1,071,580 share purchase warrants which have now expired. That deal also includes pre-commercial milestone payments of up to CDN $4,750,000, sales royalties, and a commitment by YOFOTO to spend a minimum of CDN $7,000,000 in five years (2018-2022) on the RepliCel programs and associated cell processing manufacturing facility in Greater China." According to this Yofoto is obligated by this Contract to spend a minimum of $7,000,000 between 2018 - 2022. I wonder if they have met this obligation? They have up to the end of this year to spend this money.