Response Biomed Corp RPBIF

Major new partnership! New funding! + New revenue stream!

[SolidFuel]

Wow... am I reading this news release correctly?  Seems like Response's announcement today is truly a material development for the company.

Response receives US$560,000 on signing

Response's new partner, Joinstar, will pay an additional US$3.24 million of development milestones in the first 15 months.

Response will receive a guaranteed US$2.23 million in revenue over the first 5 years, and

Joinstar related entities will buy 1.8 million shares at $1.21/share for proceeds of $2.178 million.

Wow!

[yoshka2000]

I don't think you read the NR correctly from what I have seen from China, as well I owned stock in other Co's where there has been takeovers for pennies in past. They will be putting their own people in BOD positions ect. to squeeze the remainders out . Any bets, bagholders?

[SolidFuel]

Yoskha2000, that's just nonsense.  There's absolutely no way these Chinese investors are going to start to "squeeze the remainders out" because Orbimed is solidly in the position of massive majority shareholder of this company.  Last I checked Orbimed had something like 70% of the outstanding shares in Response. Do some due diligence yourself on Orbimed... they are

[yoshka2000]

How's the war on patents writes protection going with China and the rest of the world? Hey, the only country I know that if they like it then, they buy it or copy it. Maybe I'm just babbling?