Response Biomed Corp RPBIF

Price Support

[dimar66]

There has been some strong buying behavior going on here, buyers been hitting the asks a lot.  It could be that management are finally getting a handle on things, the company is hiring new tallent and the news of the US distributor has been taken well..  Looking at all those warrants that are outstanding from the last financing the propectus says:

Subject to adjustment, each Warrant will entitle the holder thereof to purchase one additional Common Share (a “Warrant Share”) at a price of $0.0746 per Common Share (the “Exercise Price”) at any time before 5:00 p.m. (Eastern time) on the date that is five years following the closing of the Offering. "

 

0.0746 x 20 = 1.492  so we are in the money even now.  it must be their plan to get these converted to continue operations.