Resonance Health Ltd · ASX:RHT
Resonance Health — Shareholder Meeting (September 2006)
8 slides from Resonance Health's shareholder meeting presentation, Sep 29, 2006
Slide 1: Extraordinary General Meeting 29th September 2006
Resonance: ACN 006 762 492 Extraordinary General Meeting 29th September 2006
Slide 2: Chairman's Address
Resonance. Chairman’s Address
Slide 3: Background
Backg round Resonance LiJan 06 RHT Board > Recognizes FerriScan® unlikely to be significant stand alone business > Retains Montgomery Pacific Group to implement a roll-up of US pathology labs > Decides to reconstitute Board (completed April 06)
Slide 4: Background
Background Resonance: LIMay 06 re-constituted Board conduct in- depth review of FerriScan® performance and RHT financials >FerriScan® sales continue to lag projections > Unlikely to have sufficient cash to last to end of 2006 LICEO steps down
Slide 5: Background: Board actions taken
Backg round Resonance LIBoard actions taken > Reduced burn rate (complete May /June) > Increased FerriScan® pricing to major customer through Jan 07 (complete August 06) >» Rights issue to existing shareholders (complete September 06) - $3,087,989 raised > Recruit CEO (complete September 06)
Slide 6: RHT CEO
RHT CEO Resonance. (Edward D. Dooling, Jr, B.Sc. UExtensive US experience marketing, sales, consolidating operations in pathology labs and introducing innovative technologies >» Diagnostic Pathology Services: Executive VP Sales > Asterand: Chief Operating Officer > AmeriPath: Vice President and Gene
Slide 7: Strategy
Strategy Resonance’ LPathology lab roll-up Linvest in business and technology innovations that are synergistic or complimentary with the path lab network >FerriScan® & path labs are complimentary - common sales call points
Slide 8: Looking Forward
Looking Forward Resonance: O Revise FerriScan® commercialization plan LJExecute pathology lab acquisition/roll-up >» Supported by Queensland Biotechnology Fund (QBF) > QBF supported rights issue (now own ~ 18.9% of RHT) >» Montgomery Pacific continues evaluation of pathology labs UO Continue FibroSc
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