Post by
Ingiboy on Apr 18, 2024 12:18pm
What is the Plan
Andrew Schutte will be loaning "up to $1,000,000 contingent on acquiring all assets of Replicel.
From today's NR:
"The Loan will be secured against all present and after acquired property of RepliCel" .
So in essence this loan will be executed if and when the take-over is completed.
At the moment I see no way that the minority shareholders can stop this which leads me to the question: once the take-over is completed and the loan is in place, What is the plan ?
It would be helpful if the minority share holders knew the plan. We may even vote to accept this proposal if it looked like we may eventually get some return on our investment. It puzzles me that we know nothing about how this will move forward and the so called assets will be developed to commercialization as he states. I still think this is a grab and sell scheme with the minority shareholders receiving a few "crumbs" when all is said and done.
Tell us the plan !
Comment by
Ingiboy on Apr 25, 2024 8:37pm
I thought I would leave it a week and see if we received any new information on how this will work moving forward and in true Replicel fashion we hear absolutely nothing.
Comment by
Ingiboy on Apr 26, 2024 11:25am
I forgot to mention how pi__ed off I am that the investment that I, my family and friends made in this company is frozen in this "boondoggle" as we wait to see hiow this plays out. The LOI announcement was March 18th which happens to be 5 weeks ago. What do we know with this proposed scheme how we will ever see a return on our investment ?
Comment by
Farmer9 on Apr 27, 2024 11:13pm
Welcome to the world of penny stock investing.