A lot of long term holders went through a similar experience...

A lot of long term holders went through a similar experience after the first failed US Trials, however you only lost capital if you sold.

Rap management have had their missteps for sure, which for me is a reflection of their experience. However to say they have delivered nothing is totally false.

Rap have delivered outstanding results from all but one of their trials (unfortunately it was the most important one). The most recent Australian double blind results were better than expected and prove that the technology works. Large Instos and sophisticated investors putting another 7.5 million into the company before the second US results further demonstrates that those who have done their research believe the US results will be very different this time around.

However you are entitled to your opinion, however I would recommend doing more research on Rap and then reassessing what you've stated. Cheers.