Reliq Health Technologies Inc V.RHT

Promises vs Expectations

[theinvestor22]

Several people on this board have mentioned over the years that the CEO hasn't kept her promises.  For those folks - and others - it might be a good idea to read the bit noted below.  I get it that many were expecting greater growth than has been reported (which on its own has been pretty good), but future statements are not promises.

Cautionary Statements Regarding Forward Looking Information

 

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

 

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

 

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

 

Reliq Health Technologies Inc. (the "Company") does not intend and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

[josherau]

This post has been removed in accordance with Community Policy

[TheBridge]

Great post investor22!  Reminded me of people that never read the instructions "before using"  the products that they buy and then complain. Fortunately, here they can sell their shares and move onto something that makes them happy.

[RottenRonnie7]

i guess we're now citing regulatory 'boiler plate' as an excuse that thing hasn't quite lived up to a 'rapidly growing' enterprise!  we weren't suppose to expect margins of 85% that the company was touting for years?  RR

[ol_griz]

Exactly.  It's called boiler plate for a reason.  In this case, it's a perfect contrast to the way the market works.  Regardless of convenient disclaimers, careful investors expect integrity, sagacity, maturity and moderation from the officers of a company they wish to invest in.  Failure to live up to that standard inevitably results in - this performance. Still

[theinvestor22]

ol_griz, you make a good point in that the CEO has - as we all know - overhyped the company.  That's been pretty frustrating for all of us.  My point actually had nothing to do with that; it was about the use of the word "promises" which implies something completely different in her statements.  Future statements in the corporate world are by definition estimates or

[Lifeboat1]

I22 - To add to that I do not remember the Company ever claiming that GM would be 85%.  75% is the highest I remember in the last few years but that is only after SAAS is a bigger portion of total revenue.

[theinvestor22]

Lifeboat - Thank you for your kind words.  I do mention negative things in the postings I make, but overall my tone is positive because I'm only interested in posting on bulletin boards of companies I think have a bright future.   I wouldn't bother posting routinely on the great many companies I'm not interested in.  That would be a form of insanity IMHO. I looked

[lscfa]

Do more dd. The bloody co. was bragging it would do 80% ebitda margins at one time....

[lscfa]

https://www.paulbenwell.com/wp-content/uploads/2017/11/Reliq-Health-Investor-Deck-November-22-2017.pdf

[aaaaaargh]

Thanks for your amazing due diligence as always.   Once you learn to read a Reliq statement and discern what is true and not true, one learns to read lifeboats posts the same way.   You will notice he left himself "outs" for when he gets caught...  such as "past several years".    He knows the truth but will always use projection and

[qwerty22]

Lisa has also (honestly) explained the company is not the company she envisioned all those years ago. In the webinar she admitted she wanted nothing to do with hardware. My take is SaaS is still a challenge so hardware fills a gap at present. I see limited value in trying to match 4 year old statements of intent with the present business, that presentation also has them having big data

[lscfa]

The take away from the old presentations is that mgmt can't forecast jack squat. Even now Crossley says co. will do 45% ebitda margins (down from 80%)  but the Maxim analyst is skeptical and thinks co. will do only grow the margin to 32% by F2025.

[theinvestor22]

qwerty22, good on you for making rational statements.  We don't yet know how this will end, but the great GM%, growing revenue and profitability do point us in a direction.  The posts of aaaaaargh and lscfa remind me of why I put those sad sacks on ignore so long ago.  Cheers...i22

[Mitch43]

Excellent, it allows us to realise when comparing  2017 to the present situation that Reliq hasn't grown SP by much when you factor inflation. 2017 share price had already attained 0.79 with less than 10k patients.... As a sharehoder investor... I'm not much interested by what the CO does... I'm more fixated on the SP and volumes variations.

[qwerty22]

So there's two possibilities from 2017. Either they were outright lying or they failed to understand the challenges in this business model. I tend to think the latter. In 2023 they are at least talking around those challenges although with not a great deal of transparency.   There must be a big cliff somewhere near Reliq. If it's true there are 500,000 onboarded patients and

[Lifeboat1]

I don't go back to ancient history for my DD.  Should I be mad the Apple Newton was a failure.  LOL.  Three years back is a lifetime for a tech start up.  Anyone who goes back further is judging looking for things to complain about.  I suspect many on this board are just chronic complainers in their actual life.

[Lifeboat1]

So the big complaint today is that GM went from an expecteded 85% in 2017 on software only to an expected 75% on a combined software, professional services and hardware business and are actually above 60% with a heavy weighting to hardware.  I can see where some would find that unacceptable.  I hope those of you who do are so mad you never come back to a Reliq chat site again.  That

[aaaaaargh]

No, no,no silly.   The big complaint is that you were wrong,  and rotten Ronnie was correct

[RottenRonnie7]

Well, well, i could care less about right or wrong but i be listenin (pretty well i think) to what this outfit has spewed for 6 yrs.  My memory hasnt failed yet, dont think. I also know the same ol schtick this co. Keeps putting out there is not goin to move the sp! It hasnt for some time & until there is some sort of 're-org' in mgmt, i dont see it happenin. Hey I-man, have you

[TheBridge]

Readin, listenin, watchin and waitin is what I'm plannin on doin. Hopin on makin some money somewhere along the journey. Wishin everyone with the best ourcome here.

[aaaaaargh]

See.   I told you that this is the "out" that he would use.   Predictable as Reliq coming up with lame excuses for every missed "it's not a promise though" on every quarterly report.    So sad.

[Peggy123]

Thats all they do is complain.  Complain about the goofs selling down here. 15k on the TSX-V  a joke  Papi.

[RottenRonnie7]

You are correct, this company is a ridiculous joke, unfortunately, the joke is on the shareholders!  "Selling down here", absolutely no reason for stock to go up, that there hasnt been for yrs. As they keep printin press churning.....can only continue one direction.  RR

[EdinColorado]

In the States, our justice department recently formalized reminding us that government officials have a RIGHT to lie to the public. This is the same public in which these same officials have proclaimed that citizens have no right to health care. We are well conditioned into trusting nothing. 

[Mitch43]

With due respect, I disagree... The US is still one of the countries where a large percent of the population still believe in the obsolete concept of a metaphysical omnipresent, omniscient, omnipotent, entity ( a God by any whatever name/religion ...) creator of the universe life, and humankind. still enshrined and protected by the US constitution.