Reliq Health Technologies Inc V.RHT

RE:RE:RE:RE:RE:RE:RE:Is there more downside risk ?

[Takeactionnow]

Ha, ha!  Thanks for the afternoon laugh - appreciate it!  Stay well and have a great weekend.

itsbeenawhile10 wrote:

Sorry to say but you sound like you're stuck in the mud & your wheels are spinning, maybe I should give a call to Chris Cuomo to interrogate you  ;-)

Cheers & be safe in this COVID crisis
 

Takeactionnow wrote: Sorry for any confusion.  I am referring more to the client/patient end of things.  Patients who require monitor training, for example, are not as easy to serve during the pandemic (and may be unavailable if they are at high risk and in isolation).  Remote onboarding does not appear to have been impacted from a technical perspective, and I am unaware of any staffing issues on Reliq's end.
 

 

itsbeenawhile10 wrote:

Takeactionnow, I know I said it would be the end of the story at my end on this subject, but again you are saying the opposite of what the company as said in that March 19 press release.

I highlighted in yellow & bold your statement below & this is the company's statement from that press release on March 19 highlighted in bold only.

Is your statement contradicting what the company stated ?

Always do your due diligence

https://web.tmxmoney.com/article.php?newsid=5511814337378419&qm_symbol=RHT

" The Company is able to provide all training, onboarding and support services remotely.  Further, since we have a substantial inventory of biometric monitoring devices there are no supply chain issues currently impacting or expected to impact deployments going forward.  "

 

Takeactionnow wrote: Thanks for the quotes, but I am fully aware of everything there is to know about the company, both from public sources as well as from discussions with management, clients and analysts. A penny stock in this trading environment is, in my opinion, very stable when exhibiting the trading range and activity that RHT.V has exhibited in the past couple of weeks. While onboarding remotely is taking place, the pandemic has made certain interactions trickier and slowed the pace of business operations what with staffing constraints and other limitations.
 

 

itsbeenawhile10 wrote:

Takeactionnow the last 10 trading days today included the stock as traded between a intraday low of 0.365 today to a high of 0.45 on April 30, I would not call that extremely stable especially when you have 6 downtick days today included.

There is also a short term bearish crossover on the 5 day & 10 days m/a, also looking at the chart & you see the trend from it's last high at closing high at 0.425 April 29 you have red candlesticks all the way down which is a downtrend & not extreme stable imho.

https://stockcharts.com/h-sc/ui?s=RHT.V

https://web.tmxmoney.com/pricehistory.php?qm_symbol=RHT

The company provided an update on March 19 which is practically the opposite of what you're saying about COVID having a negative impact, actually they are asked to accelerate the onboarding of clients.

https://web.tmxmoney.com/article.php?newsid=5511814337378419&qm_symbol=RHT
 

“The COVID-19 pandemic is obviously an unprecedented event for Reliq as it is for every other business worldwide,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies.  “During this time of uncertainty we wanted to let our shareholders know that we continue to provide the full range of iUGO Care software solutions and services to our clients remotely.  In keeping with the CDC’s recommendations, many of our clients are urgently moving to a virtual care model to reduce the risk of virus transmission associated with in-office and in-home visits.  Our clients provide care to patients who are at the highest risk for poor outcomes from COVID-19 infection – elderly individuals with multiple underlying chronic conditions – and we are responding to our customers’ urgent need to protect and care for this vulnerable population remotely.  Our new clients in Florida (Comprehensive Partners and Direct Access at Home) and Louisiana (Blum Telehealth) are onboarding patients to the iUGO Care platform this month and have now requested that we accelerate onboarding significantly relative to their original schedules.  In Texas, the Department of State Health Services has issued guidance recommending that Home Health Care providers conduct visits virtually wherever possible, and we are providing our clients there with expanded features and support to meet these evolving needs.
 

Takeactionnow wrote: RHT.V has been extremely stable over the past two weeks (slight price fluctuation has been within normal trading patterns), reflecting the "holding pattern" of investors awaiting news.  There is little basis to be particularly optimistic or pessimistic, but COVID-19 should be expected to have somewhat of a negative impact.  While investors may want news, corporate resources and attention are better spent right now developing the business.  The absence of a "fluff" news release is a good thing, and everyone needs to relax and be patient.
 

 

itsbeenawhile10 wrote: Looking at the daily view chart & watching the trading it looks another opportunity as gone by to sell in the mid 40s, time will tell.

IMHO the market is not very upbeat for the upcoming q3 results along with not getting a guidance update by the company, as the saying goes the market is always ahead of the curve.

https://stockcharts.com/freecharts/gallery.html?RHT.V

Always do your due diligence