RAP 0.00% 20.5¢ raptor resources limited

Ann: ResApp Receives Notice of Allowance for Core Patent in Japan, page-65

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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  1. 5,181 Posts.
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    Hmmm... disingenuous.  That would be like claiming I spoke on behalf of Resapp management when what I said was "including Resapp management, I believe" which is clearly a statement of opinion rather than posing it as a fact.


    But I'd like to take up your point about the difference between what the market expected and what the management expected out of Smartcough-C2.


    Firstly, Resapp has released a string of announcements since the Australian paediatric results.  The company did not indicate in any of those announcements that the US results were expected to be markedly different from the Australian ones.  Further, the announcement of 3-Sep, the September Company Update, and the Annual Financial Report (under "subsequent events") all closely juxtaposed the Australian results and discussion of the upcoming US results; which serves to strengthen the expectation that the US and Australian results will be similar.


    Also, the company had one more opportunity on 17-Oct to set the record straight in their response to the ASX price query.  Here again the company failed to identify and correct the effect of a possible misunderstanding about what the US trial results might be in relation to the Australian results.


    So in my opinion Tony Keating's comments about the market being insufficiently educated about what to expect, and about him being surprised by the market's reactions fall directly under the heading of "disingenuous" because it was Resapp that quite explicitly created the false expectation in the first place.


    Given that the company was publicly silent about their expectations, I find it quite disturbing to learn from you that they were disclosing this unarguably price sensitive information privately to individuals over the telephone!



    Should they chastise themselves for their own silly expectations in the first place? Get upset with the faux hero for breaking their hearts? Or, wonder is they should have tried to do more themselves?


    As explained above, the "silly expectations" were set quite explicitly and consistently by Resapp themselves across a series of announcements.


 
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