- Reaction score
- 850
Seriously though, why?
I checked out the Replicel website and saw their Financial Statements. I'm no accountant, but the company seems mostly just sh*t.
I truly hope for the cure, but this Company really looks like a shell Company, meaning that it has been created just to get investments by selling shares, and then pack up. The promoters have a minor shareholding, and have sold shares at high prices. They've made millions just from that.
The Company hasn't even uploaded financial statements for a long time. The latest one was for the quarter ended September 2016.
In that quarter, expenditure on research was 132,112 CAD while "General and Administrative" expenditure was 506,808 CAD.
So yeah. Now I am worried.
Source: https://replicel.com/investors/financials/
I checked out the Replicel website and saw their Financial Statements. I'm no accountant, but the company seems mostly just sh*t.
I truly hope for the cure, but this Company really looks like a shell Company, meaning that it has been created just to get investments by selling shares, and then pack up. The promoters have a minor shareholding, and have sold shares at high prices. They've made millions just from that.
The Company hasn't even uploaded financial statements for a long time. The latest one was for the quarter ended September 2016.
In that quarter, expenditure on research was 132,112 CAD while "General and Administrative" expenditure was 506,808 CAD.
So yeah. Now I am worried.
Source: https://replicel.com/investors/financials/