discussionI would imagine he does not have the money to buy Replicel out. Just saying , to get me to vote yes would be a $2 per share buyout right now.
As to the transaction Seems to say 8% of any sale or income from the assets plus an additional 3% from a sale of the assets. This would go into the 'delisted' Replicell for division and distribution to the shareholders. And those shareholders would include Andrew. So he would get his 8% too.
As for transparency, there will be none in his company and I am not sure what would be available for Replicel - once delisted is it still a publically traded company?? Likely not, So I guess you just look through your mail and one day there will be a cheque in it for $ 2.48 for your royalty on one of the asset sales!!???
All Andrew needs is to get say $6 million for sale of the patents or the injector and he is good!!
GLTA