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

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To: Starowl who wrote (587)3/16/2006 6:19:45 PM
From: Dick Martin  Read Replies (1) of 655
 
Something was up and it is some major changes. Two private places totalling 12mil and a new board of directors upon completion of the 10mil placement.

responsebio.com

The new directors are connected with ID Biomedical now a fully owned subsid of GlaxoSmithKline.
these financings will contribute a dilution of 24mil shares plus warrants for another 12mil shares. However we should rest assured that this would not be happening unless there is great potential here. After the initial uncertainty the market seems to affirm that this is good news. RBM is at a stage where things could role out fast and with the new financing and a new team of directors who have a grasp on things we will see things advance.

~Dick
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