RE:RE:No News Is Bad NewsI think what he may be thinking is if he doesn't provide the company with some additional working capital through this private placement his larger investment plus his father's company investment in Replicel will be lost if the company goes under due to lack of working capital.
The problem with this company over the past 5 years is it doesn't have any revenue. It simply burns it's working capital between the numerous injections of cash through multiple private placements. In other words kick the can down the road with the hope that sometime they may generate revenue. The only revenue generation on the horizon is the dermal injector which seems to be having some development problems presently. RCH-01, RCT-01 and RCS-01 are years away from generating revenue for the company. The grim facts.