RAP (ASX) Ann: Response to ASX Price and Volume Query

Originally posted by silverfox3731 ↑

Thanks to the ASX moving a pawn on the chess table in the imposition of a speeding ticket, then well countered by the RAP King taking it off the board and calling "check mate" we know the FDA meeting took place early Friday AEST.
Accordingly I hope RAP will make an announcement early next week on the meeting outcomes..
I think they can make the announcement based upon their own observations and notes on the feedback received.
However do not worry if the announcement is delayed a little as the processes of the FDA are one of the most red tape bureaucratic nightmares I have ever seen.
Just took a look at the 57 page FDA document covering the process.

http://www.fda.gov/downloads/medica...onandguidance/guidancedocuments/ucm311176.pdf. Following the presubmission meeting it includes advice like this...

"Following the meeting or teleconference, you should develop draft minutes and provide the draft minutes as an amendment to the Q-Sub through the appropriate DCC within 15 calendar days of the meeting. If slides were presented, the actual version used in the meeting or teleconference should be included with the draft minutes in the amendment. Submission of the meeting minutes as a formal amendment is intended to ensure that the receipt date for the minutes and FDA’s review of the minutes are tracked appropriately." Blah blah..

So hopefully a great announcement Monday if they run with their own notes, but the above may give an indication of the type of formal proccesses RAP are involved via their consultants Experien. So dont panic if there is a small delay.
Fox

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Great research silverfox, Also in the document it states the last 10 minutes of the meeting is used to formulate a summary.

"We recommend that during the last ten (10) minutes of Pre-Sub or Submission Issue meetings, a summary of FDA’s feedback and any action items be briefly reviewed to ensure that both parties have a clear understanding."

I am extremely confident once Dr Tony returns to Australia early next week we will get an update from management so I wouldn't loose any sleep. Since there is a seperate arm of the FDA which deals with eHealth related companies I do see ResApps application being fast-tracked especially with the assistance of Experien Group who have a 99% success rating of getting businesses through the FDA process.