RE:RE:2023I rule out going bust for a few reasons. The biggest reason is Jamie and Andrew own 27,500,000 shares and for that reason alone they will do whatever it takes to extract something from their investment.
Which leads me to the "deal". With that mountain of shares there is no way they will ever be able to sell them on the open market...it would take forever. The only way they can move that many shares is in the sale of the company. Who is interested ? I think a company like Pfizer is a likely candidate. Firstly they are flush with cash following their vaccination successes (Covid & RSV) and Replicel has valuable assets and patents that could be purchased for a small price.
I would like to think the Dermal Injector is ready for FDA Approval submission but I don't think they have secured a manufacturer for the device at this point.