As soon asRHT missed guidance on last fins, the snake shorter White Diamond honed in. They would have had it on the radar because of such a tumultuous history.
Then...RHT stated that large hardware sale is on hold for now...so these clowns decide to short. Factors such as interest rate hikes, war, etc just feed right into the negative market sentiment.
People are anxious right now, and the dycks know this. Snippets from communications(alleged) with Blum and Max to help fuel the fire.
The biggest issue is that RHT NEVER EVER meets guidance. Why? well in the last few years there are many reasons to give a pass on that, BUT...the slack has got to tighten here.
The next financials will have to show that they did in fact collect aged recievables. If not, this stock will plummet. If so, then investors should feel a lot more secure. Gov't is painfully slow at paying out, so the lag in collections is not really an issue, b/c it will come. One could question why RHT would give such generous payment parameters during Covid when client's would have recieved payment from Gov't, but the delays in payment would have been extreme during Covid. People off sick, adjusting to working from home, and dealing with new medicare/medicaid codes, etc: Humans hate change and often are reluctant to adapt.
The chances of this getting to Nasdaq this year are about 1% IMO, and honestly mngt should not have entertained that idea this early.
I am wishing for the best but it does beg one to ask, if this tech is so great then what happened with Flying Doctors, and really what happened with Blum ( why are they not re-engaging? )
Why wasn't partnership with Reliq baked in with acquisition of (supposed) Co. that was going to buy hardware?
So, IMO stock price will be far less than stellar for another 6 mths at least, and then who knows?
Why no analyst coverage? Bruce disappeared. I mean there has got to be a reason for this
These are thoughts that I have as a long term investor who ACTUALLY believes they will one day succeed, and will remain long (although, patience is running very low now).
What is a new investor supposed to think?