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Bullboard - Stock Discussion Forum 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... see more

TSXV:RHT - Post Discussion

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Post by Invester123 on Apr 18, 2022 9:46am

Short selling

It looks to me that shorts are selling shares to themselves cheaply to create an illusion of the selling spree to get people into the panic selling mode. I just find it hard to believe that there are enough idiots out there to be dumping their shares like that..:)
Comment by GustheGreek on Apr 18, 2022 11:02am
Lol, yup short scum are winning. SQEEEEEZE is coming.
Comment by EdinColorado on Apr 18, 2022 11:51am
Looks like there will be another record day of trading shares. Crazy. Anyone looking to reduce their average cost-per-share is getting what may be their best opportunity. Those who did "panic-sale" of shares on April 14 can begin now to buy them ALL back and have good cash profit left. Given Reliq's rise in 2022, most panic sellers made a profit, and they will not be penalized with ...more  
Comment by Invester123 on Apr 18, 2022 12:06pm
I just bought some more just to take away from the short's piece of a pie..:) I want those bust..rds to burn!
Comment by EdinColorado on Apr 18, 2022 11:37am
Interesting idea. If happening, might verification of that be the handle needed by DOJ? From RHT response: "The Company has been made aware that the short selling firm responsible for the report in question is currently one of over two dozen firms that are the subject of a US Department of Justice (DOJ) probe launched in December 2021 into known short sellers and their practices (https ...more  
Comment by Invester123 on Apr 18, 2022 11:48am
Well, the DOJ just started their investigation in December so probably did not get to them yet. But I've got to admit that that paragraph was my favour part of their response!:)
Comment by ol_griz on Apr 18, 2022 2:15pm
I would think given yesterday's volume it's mission accomplished.  Anybody caught in a short squeeze after this will be a misguided bandwagoner.  These sobs will be long gone and in the big money, moving on to the next target.
Comment by EdinColorado on Apr 18, 2022 3:09pm
There's over a million shares traded today and it is still early in the day, but the trends make it look like more of that is turning to buying. I rebought some at 58 cents U.S. late last Thursday and today I'm finding it hard to get more at any less than that price here on USA OTC. Whatever depressed prices today brought seem to have leveled out, and there are a lot of those 5 million ...more  
Comment by Invester123 on Apr 18, 2022 3:18pm
They (shorts) only recovered less than a million shares.. There is a lot more that they will need to get to cover their positions. Keep in mind that a lot of those cheap shares were picked up by investors and not the shorts.
Comment by EdinColorado on Apr 18, 2022 3:27pm
I would laugh my a-- off if Reliq announced another contract now. Those shorts would find themselves boxed in a kill zone.
Comment by aaaaaargh on Apr 18, 2022 3:35pm
Based on what? They have been announcing contracts steadily and the price keeps falling. I expect another announcement later this week, but it doesn't really seem to make a difference (or at least, not for more than a couple hours anyway).
Comment by vitalina2233 on Apr 18, 2022 3:58pm
The dereaded penny flipper as well as shorters. We will get them . The realized the short position climbing before the short report. Aint working for them so far    Papi
Comment by EdinColorado on Apr 18, 2022 4:24pm
  Different game now. RHT was portrayed as a corporation investors that are impatient to see succeed, but not as a failing company that should be dumped as suddenly advocated by the WDR scandal sheet release.
Comment by aaaaaargh on Apr 18, 2022 4:38pm
Well, I hope you are right.  We should see soon enought.