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Response Biomedical Corp. Message Board

  • biotuesday biotuesday May 2, 2012 4:16 PM Flag

    BioTuesdays: Response Biomedical names Jeffrey Purvin as CEO

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    • I'm sure glad I invested in RBM 20 years ago. The value of my shares have really increased. Looks like the Board is taking care of themselves though while the company has done so well. My shares are so diluted I can pour them all through a millipore filter!!! Thanks a lot... with the new reverse split, should be equivalent to 1:200 reverse split -- then issue more shares to dilute them some more!!!
      Amendments to the 2008 stock option plan were approved, including
      increasing the total number of shares under the plan from 1,700,000
      million to 24,200,000.

      -- Approval of prior grants of stock options under the 2008 stock option

      -- Consolidation of the outstanding common shares of the Company, subject
      to the Board of Directors determining to proceed with the consolidation,
      such that each twenty (20) outstanding common shares will be
      consolidated into one (1) common share. Currently the Company has
      129,104,322 common shares outstanding and approximately 6,455,216 shares
      outstanding after the consolidation. TSX acceptance of the consolidation
      is required, and the Company is working to secure such approval.

1.110.00(0.00%)Aug 24 12:36 PMEDT