RE:RE:RE:RE:RE:Is there any chanceI think alternatively.
The way they got all these signed contracts was with generous payment terms or some kind of agreement that allowed the clients to assess the service with generous payment terms/agreements.
I will 110% agree that the company has not been forthright in the process. Onboarding to the generous payment terms. Something like we have signed contracts with X today and they will not pay us for 24 months. Or we have onboarded 2454 clients to the platform this month etc. I mean I am dreaming for someone like the CEO of RHT to actually state that as it appeared to be MO.
The CEO was deceptive, obtuse to the outcome, arrogant, and ignorant. And is gone as a result.
But these are real clients I do not doubt that. Whether under accounting standards they can accept that someone will pay you 24 months out is debatable. There has to be some disclosure on a percentage of recieveables that will go uncollected. That I am sure contains the overtures between the company and auditors now. The longer it goes on the more in depth it must appear.
But then also look at things logically. During covid doing things remotely became the new paradigm. But for home healthcare like Iugo it was more like ...we can't pay you for that now but we want it. When you think about so many things with this company it just raises question after question. You have a huge demographic in the USA for this service and no one will pay for it unless medicare etc will take the bill. The company will not disclose how many people per month it is onboarding. It will wait for financials to give you an idea of what is going on operationally. It will not allow any questions on a CC. You get audited and its a biggie, reporting is delayed and the response is that its due to a financing.
To all the defenders and those thinking its a waste of electricity. RHT made this bed. They opened the door to people like me. Ask them about their electricity. Some of us with the stock market smarts to know the cautionary stuff i mention in the paragraph above, plus a declining trend chart, are stand on the sidelines indicators. Manage your risk.