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Gold/Mining/Energy : Response Biomedical (V.RBM)

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To: Dick Martin who wrote (536)12/14/2004 10:06:27 AM
From: Starowl   of 655
 
I got the shareholder note, too. Radvak at least acknowledged the issue of dilution: "Although the Company is sensitive to shareholder concerns about dilution, additional proceeds have been periodically required for capital investment to automate and scale-up manufacturing capability, while strengthening the Company's balance sheet as we finalize partnership agreements. As a growth oriented company, these are necessary expenditures to meet near term demand and ensure significant long term commercial success."

Dilution has been an issue with me for a long time. I understand capital is needed for growth and if we hadn't had a very remarkable year in terms of product approvals and various positive relationships, I would find it difficult tolerating the continued dilution. It's like printing money to pay debts. But the momemtum of growth and development is increasing and I believe it will continue.
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