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20.5¢ resapp health limited

I am sure they done some internal testing before going into...

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user23

3,914 Posts.

02/06/16

00:19

Post #: 17929043
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Originally posted by A3102 ↑

Most of us here are long term investors and I believe the current SP trend is bit worrying for long termers. We all want to see SP strongly based on facts not on speculation. We cant blame if someone get sceptical about the adult results. I noticed somebody asking a serious question why the company did the CR at 20 cents. They had enough cash to manage at least until the adult result which is due on Q-2. If they had gone for CR after releasing the adult results, i guess the price would be minimum 40 cents. Management is saying they want to use the 12.50 million capital for FDA processing and working on opening up new markets. This will happen only if they will have a positive adult result. Then why don't wait until releasing the results and do the CR a higher price. May worth thinking guys.

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I am sure they done some internal testing before going into clinical trials and FDA approval process, it's quite expense and I don't think the 2.5M AUD cash at end of Q1 is enough for these processes???. I think there was also an over subscription to the CR so they could have diluted even more shares but management think this is the amount required to do what they want.

RAP Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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