Reliq Health Technologies Inc V.RHT

here is why I estimate cash flow positive in fQ3

[mingzhu]

" Reliq is also on track to be caught up on collections for Current Receivables by the end of June, which translates to a significant influx of cash for the Company over the first half of calendar year 2023.”

[SISBOOMBAH]

When Reliq collects 100% Trade Receivables of $2,912,000, probably the influx of cash will go towards paying accounts payable which are $6,936,000.   By the end of June.... which means we will not find out before fiscal year end results are published.  Long wait to find out if Reliq is on track.

[theinvestor22]

I can't tell you what's going to toward what, but I can say that those $7M in payables are matched to some degree against the $14M in long term receivables, $9M of which are current. Of course, I've no idea whether or not the company will break even cash flow wise in fQ3 or fQ4 but, if their receivables become current, the inevitable march towards profitability will nicely filter down