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22/08/19
15:53
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Originally posted by Mr.Red
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a lot of nervous nellie's in here...
I will admit I hate such trading halts that are placed prior to a weekend... but it is what it is.. just try not to overthink it
Any nervous holder needs to remember this is a high risk speculative stock... no one should be putting their money here if they aren't willing to lose a large portion of it... the speculative world offers potentials of massive gains, but also massive losses.. we should all be aware of this..
the warnings have been here already due to last issues, so we should be all well aware this can go either way... hopefully all issues resolved this second time round... massive green spike would be awesome
The trading has been tight since end of April... considering the overly vulnerable markets world wide RAP has held up considerably.. I honestly thought we should have visited the 10cent mark again pre CE approval simply due to over all market sentiment, but many have held confidently..
when you look at the yearly chart you can see a near flag formation as from the end of march, looked to be even showing signs of a bullish pennant until early this month (due to world markets IMO...)
There seems to be no leaks regarding RAP on the lead up to this announcement..buying or selling...
Time would be needed for RAP to go over the CE approval if granted, it would be well extensive and require careful relaying by RAP management before releasing news.
CE approval could also be asking for extra requirements before the APP is released to the public... we simply have no idea.. most need to take a big deep breath and look away from the screen... dont get caught up reading the posts from either rampers or down rampers, or trolls for that matter... Lets just wait and see, what will be will be..
regardless of outcome... one thing is for sure... HC RAP threads will be streaming to the most discussed for a few days... if CE is approved their will be endless praise, if disapproved we will be overwhelmed with troll behavior saying"told you so.told you so".... it gets annoying after a while
avoid being a nervous nellie... have a fat whiskey, calm your nerves... dream of a optimistic outcome and think green skys... what do you have to lose in the mean time?...
for the record, those saying that the CE approval has already been factored into the SP, that is ridiculous.. If CE approval is all go ahead, FDA approval will be soon to follow...These are massive milestones for RAP, the SP will jump accordingly... If I was to take a punt, IF CE approval comes through with no extra requirements I would expect this to open in the high 20's to low 30's with a fast incline to mid to high 40's... but again, only time will tell.. there will be huge money on the sidelines waiting for entry on the back of CE approval..
IMO management have been well proactive, I still feel confident.. GLTA holders
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Another benefit of CE approval and a jump in share price is a possible inclusion into the ASX 300 in September.
Then much bigger investments will roll in. IF.