Replicel Life Sciences Inc V.RP

Do we understand what we are voting on ?

[Ingiboy]

I am not sure about the rest of you but I am confused on how this "new company" will work. So many questions unanswered in this LOI.

1. Are our shares being transferred to this new company 1 for 1 with the existing Replicel share ownership structure?

2.  Andrew Schutte's new company purchases all Replicel assets (for nothing) and offers the share holders an 8% Royalty on all future profits up to a maximum of $160,922,238.  So we are lead to believe somewhere in the distant future we will see some return on our investment.  Meanwhile if I am not mistaken he retains all other profits (92%) Is that correct ?

3.  The LOI is confusing because it also states the following:
"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......."
Is Andrew once getting control of all the assets going to quickly sell them and give the shareholders an 8% Royalty ? 

4. Who are the other shareholders in his new company ?

5. When do we receive the Computershare information package?

6. Does Andrew and his cronies actually think we are buying into this BS ?

7.  Are there any other companies looking at this hostile takeover and thinking of placing a counter offer for the company ?

 

[bluemoons20]

MY  reading  of  the  originally presented proposal  is that  the  NEW  company is entirely owner by  Andrew! We  will still own  shares  of Replicel  which  will become an  UNLISTED  company  and  become a defacto  'royalty'  company  receiving the  royalty money  

[MetzGER]

I don't know what we are Voting for. but i know what we will vote : "NO!"

[Ingiboy]

You are right bluemoons20 Replicel and all it's shareholders will not be folded into this new company, It will run in parallel as a delisted company.  This means  Andrew will have shares in both companies.  It also means he will receive 26.77% (17,401,616 shares) of the 8% Royalty under this new arrangement. I am sure that once the BCSC takes a thorough look at this they will

[bluemoons20]

unfortunately, this situation  has got  me to thinking (which can be dangerous!)  Believe  we  get  the  85  based on sale of the assets. Andrew  is likely  focused on  getting his money  back.  Once that is done  he could  sell the other assets  for  say $1  with a  royalty  back to  him

[RPINVESTOR1]

Ingiboy:- Hope you are correct.  I'm sure that from the time the Arbitration was announced on October 16, 2023 to the date of the announcement of the Letter of Intent (mid March 2024), Andrew Schutte was busy trying to figure out a way to get his money out of the Company.

[Ingiboy]

RPINVESTOR1: There is no question that this scheme is all about Andrew Schutte and possibly his friend Jamie Mackay  getting some or all of their money out of this disaster with little regard for the rest of us shareholders. In fairness to us as opposed to this ridiculus proposal the proper way to do this is leave Replicel as is and actively sell all of the assets to the highest bidder and

[RPINVESTOR1]

Ingiboy:- I believe he thought he had built up some GOODWILL that he was now going to cash in on. The GOODWILL faded away some time ago due to his poor communication with the shareholders (among other things).

[MetzGER]

Hey RPINVESTOR1: Thank You for your help. I talked with my Broker and now i am prepared for Voting!

[RPINVESTOR1]

MetzGER:- Happy to know that your voice will be heard!!!!