RE:RE:RepliCel Life signs LOI with CEO for asset purchaseBluemoons20 you will now own shares in this new private company which is:
"(the purchaser), a non-arm's-length private British Columbia company owned and controlled by Andrew Schutte."
You may be a bit confused on the sale of the assets. The sale of the assets is from Replicel to this new company headed up by Andrew Schutte:
"The LOI stipulates that the assets will be purchased from RepliCel in exchange for an 8-per-cent royalty on all gross profits earned by the purchaser in relation to the sale of DermaPrecise, RCH, RCT and RCS, or their improvements, after completion of the proposed transaction."
This in essence is a "hail mary" to avoid bankruptcy. At this point if we have any chance to recover any part of our investment this is our only choice.