asic should investigate report, page-2

I think you are missing an import aspect of the rating report, that is they say:

""But this rating is based on historical data, not future prospects....."'

I assume that such ratings are more likely to be applied by a potential creditor (eg a bank lending money), as distinct from an investor buying shares. The latter will apply far greater importance to the prospects of a company - an aspect which Rapid Rating seemingly totally ignore.

I reckon the punters that sold down yesterday have not recognised this fact, and as such, could regret their haste.