Reliq Health Technologies Inc V.RHT

As soon as

[teeswater]

RHT 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?

[theinvestor22]

I'm not going to comment on everything you wrote, but here are a few thoughts: - Re short sellers, they really missed the boat here.  If they'd done this years ago, they could've made a killing.  As it is, this is a very different company and their opportunity is quite time limited.  They'll make some money before they move on.  Not a big deal for me. - The

[teeswater]

Thanks for your thoughts. I just wish the Co. would stop with all the promotion and pump and stick with what is presently occuring. All it does is artificially inflate SP, with a constant rise and fall SP. Why bother with grandiose statements about Nasdaq, etc. Clearly, we are so far from that. You must believe that the next financials will be progressive and satisfactory to shareholders to say

[Invester123]

We are all speculating here trying to figure out what's going on behind the closed doors. The truth is - we will never know. So the best possible guidance that is the most reliable in my opinion is the insider action. If Lisa just bought 200k shares at a $1.12 then she must have a very good reason to believe that the company will do well (probably sooner than later) and she will make some good

[Invester123]

Also, the earnings are consistantly growing every qr over the past year, they did collect on the aging receivables etc. So all of those are the facts that we do have a legit business here. It may not be growing as fast as we would like it to or the SP may not reflect it yet but eventually market will catch up to those facts. So unless something fundamentally changes to the worse in the US I don

[lscfa]

Wrong. Revenues up, costs up, ebitda down....     Qtr ending Dec 21 Sept 21 Total rev 2,140,124 1,608,168 Adj. ebitda 48,062 74,126    

[theinvestor22]

teeswater, re your 2nd paragraph, I'm not making any projections about fQ3.  I like to see progress, but I don't have any expectations about any one quarter.   The reason why I mentioned the opportunity for the shorts is quite time limited is that the company is in a much different place now.   A few years ago, they had personnel problems, their niche was limited

[teeswater]

Thanks I22,  just can't help feeling that the way RHT management has handled things with erroneous messaging and  over promoting, along with lagging AR's, and inability to achieve anywhere near guidance provided ammunition to the hit short report. Some decent clarity with real substance as a rebuttal would certainly help clear the stink in the air. Something tangible, like an

[EdinColorado]

Enjoy your week off, and yes, I know the deflated feeling, like having your property vandalized for no good reason. Based on what had happened the past four months, we all had gained confidence and expected good things, including for RHT to show profit in the near-future. Everything still seems lining up to produce success. 

[EdinColorado]

My exact thoughts when I asked a few days ago on this board, "Why now?" One thing we can be sure of, there was motivation to do this NOW. 

[Invester123]

Because the shorts have the record number of shares to cover (over 5m) and with the lack of any meaningful trading volume over the past month they probably started to worry about their ability to cover them in time. So IMHO this was their last ditch effort to get their hands on some cheap shares and try to avoid the short squeeze that is bound to happen if they can't get all their positions