WELL Health Technologies Corp T.WELL

Alternate Symbol(s): T.WELL.DB | WHTCF

Healthcare

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and Provider Services includes Primary Circle Medical, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing. Its healthcare and digital platform includes front and back-office management software applications that help physicians run and secure their practices. Its focused markets include the gastrointestinal market, women's health, primary care and mental health. Its solutions enable 34,000 healthcare providers between the United States and Canada and power owned and operated healthcare’s in Canada with 165 clinics supporting primary care, specialized care and diagnostic services.

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WELL Health Technologies Corp > Issue of creditability

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Comment by Trytobelongon Apr 01, 2022 7:57pm

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Post# 34569129

RE:RE:Issue of creditability

bandit69 wrote:

hrgoyal wrote: There seems to be issue of creditability with the management

1. Releasing the results on the last day of deadline.
2. Delay in loading financial report on Sedar.com till market closed
3. Making changes in original news release.

Very high Intangible assets portion in total assets may b a yellow flag if not red. Intangible asset evaporate very fast & more stringent auditors may ask to take a write down.

Good for you for being aware of the world and paying attention. You'll do well over time.

If the auditors audited then they audited and I also said that out of the many many financials I have read over a long time I do not recall such lengthy and specific auditor commentary especially to do with exactly what I wrote about on January 13 2022. The auditor comments were at the beginning of the financial statements - PDF pages 3-8 - so I read them because they were glaring at me. My memory is fragile, please remind me, did they release these before or after the earnings call? Anyways, as an adder, I was taught long ago that if there are many paragraphs in a section of the financials and notes, you had better pay attention to it. And I do. The numbers of any financial statements can lie but a company has to disclose everything in the notes. If a company does not, and they are allowed to continue, then there is a glaring structural problem in the system and would erode any confidence in markets. Note, China is doing exactly that today, just announced they were going to allow US audits of Chinese companies listed in the US to boost confidence in Chinese companies.

https://www.cnbc.com/2022/04/01/us-listed-chinese-stocks-jump-after-china-reportedly-considers-sharing-company-audits.html

However, I also remember Enron had auditors too among many other now defunct market sensations.