Post by
Ingiboy on May 05, 2024 12:21pm
Replicel Hijacked
The more this hijacking of Replicel plays out the more it has gotton further away from the rules of a publicly traded company. The minority shareholders are completely removed from any decision making.
This latest move where Andrew Schutte has loaned Replicel $1,000,000 further reinforces his takeover of the company. Doesn't it seem strange that this loan has been put in place with the following caviate before the shareholders get to vote on the takeover.
"The loan will be secured against all present and after-acquired property of RepliCel....."
You would think that the vote would take place first then if the takeover is successful he would then loan the $1,000,000. What if the shareholders reject the takeover ? I sense he feels there is no chance the he will loose this vote.