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Response Biomed Corp RPBIF

Healthcare Diagnostics & Research
"Response Biomedical Corp is engaged in the research, development, commercialization and distribution of diagnostic technologies for the medical central-lab testing, point of care (POC) testing and on-site environmental testing markets."


GREY:RPBIF - Post by User

Response Biomed Corp
Bullboard Posts
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Post by dimar66on May 08, 2009 11:30am
391 Views
Post# 15978134

Looking Ahead

Looking AheadJust thinking about why this financing is so large, ( $11mm) one would think that with deceasing cash burn rate and increasing revenue; $5mm  or $6mm would be plenty.  Unless maybe extra money is needed for new product development, which I believe is an unstated fact to some degree more or less.  Should be an exciting year ahead, I am sure management will take this company to new levels.

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Dealroom for high-potential pre-IPO opportunities