RE:My take on today's NRsP
theinvestor22 wrote: Unfortunately, there is so much history and emotions here that most are looking at every new data point through a very biased lense. Me too, but here is my take:
- In the order of 2k devices were sold in fiscal Q3 and very little of the resulting revenue could have showed up in Q3 financials. And, 2k devices were sold in July alone. Other months are unknown, but all those purchases can't just be for stocking up. Maybe a few, but not that many. (The argument that devices are being sold to competitors doesn't hold any water with me.)
- Previous insider stock buy plus today's insiders/clients buy alligns everone's interests. There's only one reason why these parties would be buying.
- PP price was lower because Reliq is hardly in a strong position right now. I rather doubt it will be after y-e earnings come out, but guidance might be another thing and it's the future that matters here.
- Since the company already has onboarding staff, more is needed for a reason.
Exactly where we as investors and the company stand right before Q4. You mention there is one and one only reason these partners are buying but stop short of pointing it out. These 4 partners have no choice and, as you correctly hint, it is to their interest to help funding RHT to carry on onboarding. The question is why in previous IR Scott said it is not the company causing the delay but is rather the healthcare system in a pandemic. The PR does tell a different story - company need funding in the onboard. A point that no one appears to recognize.