RE:ARBITRATION AWARD DATE VERSUS NEWS RELEASE DATERPINVESTOR1 wrote: I found something interesting on the Internet. We all know that Andrew Schutte put out a News Release on November 16, 2023 announcing that Replicel Life Sciences had lost the Arbitration Case.
A website (Jus Mundi) indicates that the decision was made on October 16, 2023 (See Award Date)!
https://jusmundi.com/en/document/decision/en-replicel-life-sciences-inc-v-shiseido-company-limited-representatives-of-the-parties-monday-18th-october-2021
If this is accurate, they left the shareholders twisting in the wind for a full month!
This is a very serious breach of the CSA rules regarding releasing material information related to a publicly traded companies in Canada:
"When must a publicly listed company make disclosures of material information?
The Disclosure rules state that material information is information about a company that has a significant effect, or would reasonably be expected to have a significant effect, on the market price of the company's securities. A company must disclose material information to the public
immediately."
RPInvestor1 has found material information regarding the Replicel vs Shiseido Arbitration judgement that was withheld for close to a month before releasing on Nov. 16th:
From Jus Mundi:
"Oct. 16th the Tribunal announced the dismissal of Replicel's claims finding that Shiseido validly terminated the Collaboration and Technology Transfer Agreement...."