RE:moneybluemoons20 wrote: Question,
Been away for awhile. have not followed what is unfolding. See something about Andrew lending comany some money? Why do we need it. He bought a ton of shares. Where did all that money go?? the company did not spend it on any research or development? Ws th money just to pay himself . Kind of having your cake and eating it??
GLTA
This so called loan by Andrew Schutte is yet another reinforcement of his attempt to take total control of the company. From the NR of April 17th:
"The loan will be secured against all present and after-acquired property of RepliCel, pursuant to the terms of a general security agreement dated April 10, 2024." He would be first creditor in line for any sale of assets before the shareholders. Also this loan of $1,000,000 has 5% interest and matures in 12 months after the first loan payment.
Are you guys following all this ? It is like putting a pea under 3 shells and try to follow where the pea is when the shells are shuffled......total BS. We are and will be screwed on this.