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Reliq Health Technologies Inc V.RHT

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a Canada-based global healthcare technology company that specializes in developing virtual care solutions. The Company's target markets include virtual care, long-term care and big data. iUGO Care, the Company's platform, is a software as a service solution that supports care coordination and community-based healthcare. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, remote therapeutic monitoring and wound care. Its behavioral health integration service supports patients with any mental, behavioral, or psychiatric health diagnoses by integrating mental health, psychiatric care, counseling, and addiction services with primary care.


TSXV:RHT - Post by User

Post by Takeactionnowon Jun 19, 2020 11:26am
188 Views
Post# 31169464

Looking at the chart

Looking at the chartThere have been a lot of comments the past few months from upset shareholders who have vented their spleen as a result of lack of onboarding/financial progress.  But if one believes that the market is an efficient mechanism, a simple look at the one-year chart tells you everything you need to know about RHT.V.  This is akin to looking at the forest for an overall appreciation of its health, rather than worrying about individual trees.  In the five months from October 2019 through February 2020 the stock was essentially flat (look past the volatility!).  The pandemic hit in March 2020, just prior to the company's plans to ramp up onboarding significantly (it didn't happen as a result).  Had the company started to make onboarding progress back in April 2020, the results would have started to become apparent perhaps three months later (i.e. starting in the weeks ahead).  The share price would not have tanked (along with the whole market) had the pandemic not occurred, and the "base" (i.e. where the stock price sits) would have been that much higher.  Instead, we are simply starting from a lower base with deferred onboarding/financial progress.  That simply means that one has to add the "pandemic effect" delay of three to six months to the expected "results starting in the weeks ahead" to see that positive results are likely to be apparent by late 2020 (barring a serious second wave of the pandemic).  Since the market is supposed to be an efficient mechanism, some of the expectation that results really will be positive later this year is starting to creep into the price.  I know that a technical view of press releases and financials is going to be touted in reply, but Mr. Market only cares about results and their proximity.  For the record, I have been buying in anticipation of better things to come.
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