Resapp has marketed itself as being a "Digital" solution. This is a lot of money for a hardware device.
IMO it would be better for RAP to obtain some decent revenue and more Telehealth contracts before diversifying into a hardware device.
Spending $1m to an old University of Queensland colleague is another poor move by Tony.
Tony had the option to pay this in cash or shares. This is a case where imo he should have paid in cash to save value for shareholders, especially seeing there was a recent CR.
Avanti dumped the majority of their prior share payment, I expect them to dump these shares too.
RAP has great Tech, but can management execute..?
Ann: ResApp Receives Final Design Files for Hardware Devices, page-28
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #