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Bullboard - Stock Discussion Forum Response Biomed Corp RPBIF

"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 Discussion

Response Biomed Corp > Wow Dimar
View:
Post by Hurting20 on Sep 24, 2014 1:52pm

Wow Dimar

You obviously are not as stupid as your post...so the only conclusion is you are a homey.
There is nothing here going as planned. Financing needs are here and there is no way they met any milestones to further allow borrowing money. So, they need money and they will need to raise money to pay back their loan. All at far more expensive (read lower share price more dilution) price than when the money was borrowed. For all you that dont bet it they borrowed the money and turned it into.....nothing.
CEO leaves after what appears to be a failed business strategy and everything is on track.

This is what needs to happen. Firstly, a financial commitment by whoever is running this company. Not a company... people. No one runnng this company has any new skin in the game. Bloodsuckers. Then two: They actually need to do something. Anything. Change the business plan to selling icecream cones. Something. Every single press release has nothing to do with a deal, or rising cash flow or anything. 

Geez can we at least call a spade a spade. And Hippygirl...Radvak really? Do some research.
Comment by HippygirL74 on Sep 24, 2014 6:38pm
Hurting20, no need for research. We both lived through the Radvak years. You made good money at that time. Remember? You named the Fab 4 and rode the bullish trend before selling. You did great during Radvak's rule.
Comment by dimar66 on Oct 04, 2014 4:02am
This issue comes within the Forbearance Agreement so might not result in a serious problem although directors have the duty to describe a worst case senario.  Not sure if the loan is of the initial $1.5mm or the optional $2.5mm total.  I take the existence of the loan to be evidence that there is real substance to the business.  Radvak was a good administrator, however, he didn' ...more