RAP 0.00% 20.5¢ resapp health limited

Long term holders have been through the huge ups and downs with...

  1. 724 Posts.
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    Long term holders have been through the huge ups and downs with this company and held strong through the uncertainty of R&D.

    Now, finally after seven years we are in a position of beginning commercialisation, FDA approval for one of our products and world changing capabilities with our covid diagnostic tool.

    And just as this starts to unfold, one of the worlds largest pharma companies comes along and puts a laughable offer in to buy the company and caps the share price for then next 5 months and with the help of the BOD tries to convince shareholders this is a good deal. Just as the we were going to start seeing some serious publicity and potentially lucrative deals come through.

    The fact that a deal was made for a $700k bridging loan so the company can keep operating with the insane terms is a huge red flag. The cash burn rate could not have possibly been this high over the last couple of months to be in a position to accept such a loan and terms.
    Its a weird market out there.
    Stay strong rappers and Vote No!!!

    And to all those that bought in recently hopping for a quick return, I'd be getting a little nervous about that now if I was you!

    GLTALTH
 
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Currently unlisted public company.

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