Ann: Scheme Booklet registered with ASIC, page-111

The challenge is that the register is now loaded with event funds seeking the takeover arbitrage.
And they are brutal on their way out the door if a Scheme fails. RAP will be lucky to trade at 8c.
Go look at EPY, it received a takeover bid in March 2020. The bidder paid the break fee and walked, it took until May 2022 to touch (on low volume), the previous bid price, after trading down to $0.23 (bid was $0.57). And EPY has decent free cash-flow and has paid attractive dividends through-out. RAP on the other hand will need to raise.

If you're voting no, you need to comfort yourself with the fact that this is going lower.