Reliq Health Technologies Inc V.RHT

When did Reliq decide PP financing?

[mingzhu]

It was between Aug 17 and Sept 7 Reliq decided it no longer could handle incoming clients with same number of stuff.  Here are proof:

Aug 17 PR :"The Company expects to add over 5,000 new patients per month to the platform by the end of 2024 through these new contracts, generating revenue of approximately $65 per patient per month at 75% gross margin.”

Sept 7 PR:"We expect to add over 3,000 pediatric patients to our iUGO Care platform by Q2 2024 through our existing contracts with home health agencies in the State, at an average revenue of $50 per patient per month at ~70% gross margin. Onboarding will begin next month.”

[stpioc]

Not necessarily as they refer to two different patient pools from two different clients Aug 17 is a new segment, post-discharge patients Sept 7 is another new segment; pediatric remote monitoring So the onboarding is likely to be cummulative, 5K/M from the post discharge and 3K/M from pediatric. I've been wondering for some time when they would need additional personnel to deal with the

[theinvestor22]

You have hit onto something important with your last 2 paragraphs.  There will always be those smaller clients, but it's the big ones which will be the driver of success going forward.  They'll want to onboard in a timely and professional manner, they'll be very interested in ongoing adherence and they'll pay their bills.  This is at the heart of the new investment

[Reggie1]

Actually what is important is you get people to pay or you drop them. Your business model either works or it doesn't. The CEO answers a question of ...What is your business model?  Replies: We sell as SAS service to people for health care monitoring but we do not recieve payment and have to raise cash in the markets.  The model does not work. They cannot readily recieve payment

[mingzhu]

sorry my post was not clear about my proof.  Aug 17 was the last PR date stating 75% gross margin and Sep7 was the first date stating 70% gross margin.When they deicided staff was not enough, it changed gm from 75% to 70%.

[stpioc]

With respect, you're right they decided some time ago, but these gross margin figures aren't indicative of that, the difference is in the overhead difference between $65/M and $50/M and anyway the new hiring would be in OpEx, not COGS. But these are minor issues. Like I said, I've wondered for quite some time how they could accommodate such large clients with so little OpEx (and from

[mingzhu]

after Sept 7, shorts have increased dramatically when they picked up the financing signal. I expect next short report be down.  Symbol Issue Name Shares Net Change Date $RHT.V RELIQ HEALTH TECHNOLOGIES INC. 3,851,910 2,234,530 30 Sep 2023 $RHT.V RELIQ HEALTH TECHNOLOGIES INC.

[Upsdowns]

So are you saying that situational investors close to the company decided to short the stock knowing financing was on the table? I don't think lisa would do something like that .

[lscfa]

Still happening....     Proposal to ban short selling ahead of deals to shake up junior markets   MARK RENDELLCAPITAL MARKETS REPORTER Globe & Mail  PUBLISHED JULY 19, 2020     A move to bring Canadian short-selling rules in line with United States securities law could reverberate through Canada’s junior capital markets as regulators look to

[lscfa]

https://www.capitalmarketstribunal.ca/en/proceedings/cormark-securities-inc-re/statement-allegations-matter-cormark-securities-inc

[mingzhu]

there are 2 ways to short in financing: 1, If Sp is above financing price before announcement, you short the amount of shares of which you are  going to receive from PP . 2, you also can short shares with back up of warrants.

[mingzhu]

just as i expected and predicted  shorts was down sharply Symbol Issue Name Shares Net Change Date $RHT.V RELIQ HEALTH TECHNOLOGIES INC. 747,689 -3,104,221 15 Oct 2023 $RHT.V RELIQ HEALTH TECHNOLOGIES INC. 3,851,910 2,234,530 30 Sep 2023 $RHT

[SR71BlackBird]

Wow. That's quite a drop in shorts.

[Reggie1]

Good example of how it all works right.  Its a license to print money for those on the inside with nothing done about it at all by regulators.  So you are in on the financing negotiation. You crank the stock up early sept. You start shorting mid september and then cover to help pay for your shares and warrants.  And nothing is done about it. License to print money. Done over and

[Mitch43]

Seems like another Pump and dump by the Thindal brothers and associates ( CEO,dr Lisa Crossley)

[Peggy123]

wow   Bruce will get back to me today. He is talking to Lisa sometime today  Papi

[lscfa]

You missed Sept 01 NR....   We expect to add over 10,000 patients to our iUGO Care platform by mid-2024 through this contract, at $65 per patient per month at >70% gross margin. Onboarding will begin this month.”