Ann: Results of Scheme Meeting, page-47

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

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Tiamaria

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07/09/22

19:32

Post #: 63573544
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Originally posted by thewood: ↑

My final posting on RAP (I think) I have already indicated my disappointment in how this has all played out , my take after having talked to BL a week or so back is that the board has gone head to head with Pfizer and it has been an unfair battle ,I don't think there has been ill intent on the boards part but they have been out smarted by a more experienced operator and been hamstrung by legal witchery and been blinded by the bright light of big pharma without fully taking into account the consequences of the Pfizer agreement .I think they locked themselves into what appeared to be a favourable agreements for RAP and then found out later that if things didn't pan out as they expected , they had left themselves no wriggle room .My take is it was a bad agreement from the start because unless everything went right for RAP , Rap would get more and more tangled in Pfizer's web . I will walk away without a financial penalty but having been invested for 4 years into a company which has a ground breaking product , and I don't think that far away from commercialisation ,otherwise Pfizer wood have no interest ,I can't help but feel somewhat disappointed .We are all in the stock market to enhance our financial position and it is not easy to pick winners ,but it does grate when you pick a winner and someone else reaps all the benefit .Good luck with your future investing to all Rappers

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Totally agree from a similar position.
Unfortunately it may set a precedent for other small startups trying to get some investors interested to back them.
I don't know why our gov is so set in backing miners and didn't even give Rap a look in.
Health and R and D should be a priority.
RAP had the opportunity to further develop the products but either through poor management or lack of support has given this away??

RAP Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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Ann: Results of Scheme Meeting, page-47

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