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Gold/Mining/Energy : Response Biomedical (V.RBM)
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To: Starowl who wrote (567)11/13/2005 2:11:06 AM
From: Dick Martin   of 655
 
Well lots of buying lately, is it just speculative buying? some pretty decent activity on the US exchange (RPBIF) and buyers are hitting the bid pushing the price up. Somehow the trading volume is not as high as I would normally expect with tis size of a price increase.so I am hesitant to trust this as a solid price advance.
As for long as we have been invested, we have a right to be resigned about the future of this company. Over the years the company has followed many different prospects in products and partnerships. They announce an agreement to do something or work with another group and then it falls though, meanwhile the main product, the cardiac line, is stalled somewhere in development and it goes on for years. Still some pretty amazing progress has been made, things we never thought of initially, and a lot of ground work has been done, a lot of it intangible. I think the company has done the best it could to follow every possibility, like the prostrate test, which it turned out was not valid because the marker was not specific even though the RAMP test was good. It may be that we are on the turning point, even though there is not a definitive signal that things will break out I think that the indications are of systematic improvement of the business and I believe that we will see a different RBM soon. If you put all the little pieces together even though we are still missing some of the big ones it looks like a very good picture is coming together, perhaps better than we had hoped for.

Best Regards
Dick.
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