Reliq Health Technologies Inc V.RHT

The most dysfunctional company with support for years

[Reggie1]

Many have been around for years. I have not owned a share for years because its a completely dysfunctional company. Who is the IR guy...Darryl? Don't remember. But even he is selling his own misinformation or buying his own bull excriment and expecting others to believe it as well. 

How RHT's board can allow a CEO to run a show like this for years is pretty farcical. Its a farce. The story after story after story after story....after story about how things will change or how the reason there is no revenue is this or how collections are not going is this....to CF Pos will be this....to NO CF pos will be this....NO CF pos will be this, that is it it will be this. 

To then earnings will be X. No Earnings will be X. No sorry earnings will be X. 

Signing clients left right and center with no mention of how many are onboarded or how much revenue per they are taking in. No metrics to evaluate.  And then the infamous...collections. 

Now with all the promise I mention above after years of saying ITS HERE FOLKS WE ARE GOING TO MAKE MONEY AND HAVE CASHFLOW.....CEO shouting from the roof top to anyone with a youtube channel that will listen.....

MEH, we are going to dilute to raise cash? 

LOL this is the most dysfunctional company I have ever witnessed with a CEO that gets to continue to live on as a train wreck to the company she nutures. 
 

Yet people keep on buying their misinformation and shares. And so it goes. The market is just as dysfunctional as the CEO of RHT. Match made in the markets.

[ThisIsYerChance]

Let it all out. It's okay.

[Reggie1]

Would you care to dispute any of it? You one liners are the reason there is nothing of value here. What I just put down was thes story of the last 5 years of RHT.  Anyone that buys shares in this company will be much like you. Useless commentary on a site that ought to be there to learn and share wealth.  You think you read some emotion because you want to. You want to feed off of it

[theinvestor22]

To suggest that large clients are signing contracts simply because they think they can get away without paying for a service they'll have to materially alter their business to accommodate is complete nonsense.  This is low forehead stuff.

[Reggie1]

"To suggest that large clients are signing contracts simply because they think they can get away without paying for a service they'll have to materially alter their business to accommodate is complete nonsense.  This is low forehead stuff." So can you tell me who is exactly paying? With my lower forhead stuff you should be able to explain that to me no?  They are not

[theinvestor22]

Actually, Reggie1, I will give you an explanation in simple terms as to why large clients are not signing important contracts because they think they won't have to pay. Large clients have hundreds of thousands of patients who rely upon them to provide quality care services.  They have standards in place to ensure care is provided at a consistently high level and they measure

[Lifeboat1]

Great post as usual I22.  To add to that,  all large health companies in the US have quality metrics they need to meet from CMS.  Those metrics determine how much they are reimbursed (not for the programs Reliq provides services for) but for their cost savings initiatives.  These large Companies add a Company like Reliq to improve patient health outcomes and patient

[Reggie1]

"motivate those clients to be more timely in paying IMO." Same debate....if it was so benificial they would be stepping over each other ...paying.  The CEO cannot articulate how the business model will work. Never has been able to do that consistently even to today.    People on message boards have to put it together for her.  CEO is pretty good though to

[Lifeboat1]

You really should condone DD on the Company before posting.  The Company has a dozen webinars explaining the business on their website.  The business model is pretty simple.  There are 20+ billing codes that Reliq can provide services for.  Reliq can bill $25-$100 per patient with an average of $50 but moving to $65 with new contracts.  Reliq provides software, hardware

[Peggy123]

Hey lifeboat. Why dont you share the response you got from Scott yesterday. I tried to get him to send it to me but he says which one,he sent out so many.  Papi

[Reggie1]

Scott that is the guy.  He told me that the price of the stock was down because the sector was down. All was good and everything going as planned and what the CEO said re projections on CF pos and profitabilty was all on course.  Bless their hearts

[theinvestor22]

I'm sure everyone is frustrated with the slow collection of A/R.  Notice I didn't say "non-collection" since it is being collected, just not anywhere near as fast as would normally be expected.  This has been explained many times, but it seems to me that the company's response to collections during covid essentially "trained" many of the small fish that

[Reggie1]

They already make provisions for credit losses though small.  Their product ands services are so valuable and so in demand that they allow a customer 2 years to pay in full. That is how valuable they think the service is. And from a cashflow basis it would drive any low forhead accountant to anger. Because its not sustainable.  Look they have enough clients signed up. Everyone can

[Lifeboat1]

I22 posted it yesterday on this board

[Reggie1]

But they do not pay.  Or can they explain how they will eventually go out of business because people will not pay?  You should really not be derogatory to people with a logical thought process no one here can explain.  You have explained a business model but forgot the part about how they will actually collect money before going bankrupt. 

[Mitch43]

Hey pumper, all your useless Blah Blah Blah may be informative as to what the CO may provide, but stil doesn't provide even one credible figure as earnings/profit/cashflow for Reliq. So it's still as clear as pea soup for the aversage potential investor/ shareholder. Perhaps you should as your conjoined twin, Mingzhu, to come up with his  favorites pumping tables of figures for

[Reggie1]

And final comment They are spending so much time evaluating that the company providing this so valuable service will go bankrupt shortly if they do not pay for this service under evaluation.  You think that is not being discussed by clients? Or a concern for clients?  Think about the whole picture for a few moments. Why do things not make sense and me with my low forehead have no

[Reggie1]

For how many years has this assinine debate been going on for. You are assinine with your explanation and justification as we are slinging the derogatory around.  "Each large organization's process for considering such a change involves a lot of evaluation," This is the argument? This is your pillar to stand on? Years of evaluation?  And this may come right. All these

[Mitch43]

Excellent! You only missed to your argumentation that as a fact,all the officers on the Reliq board of directors including its CEO , dr Lisa crossley, were charged by the Vancouver SEC in 2018 for running a Pump and dump scheme which netted Reliq 19 million for wich they were fined 2.5 million cad which they paid out of court without contest. and the 6 reliq' affiliated pumpers charged who ran

[Reggie1]

Yes good points.  Just to add that if the CEO had a modicum of business process and all these years of experience with the model she could articulate how money will actually flow into the organization so that people like me would actually appear to have a low forehead.  But after how many years no one can articulate how cash will actually flow into the organization. That no one can

[Lifeboat1]

She has articulated it many times.  It's not her fault if you can't get it.  Maybe you should go back to mining stocks.  Healthcare may be too much of a reach for you.

[Reggie1]

Really articulated how money will flow into the organization? Really.  She sure has and exactly how many times has she been correct? ZERO.  If she articulated it to the market I would not be here with my low forehead would I? I would not have any reason to be here. The share price would not be where it is because people would have a realistic view on how the company will be CF pos and

[Tropicalsun]

Reggie1 posted on September 28th at 10:55pm "I have not owned a share for years" But yet you are here and now with a dent in the low forehead, because if you are being truthfull and you do not own any shares, then clearly there is no reason for your sudden non stop opinion about this company and its ceo. Would you not agree?

[Tropicalsun]

To be clear I am not posting to debate the performance of the ceo or the company history. There are way too many posters already engaging in that wasted process. If you own shares and still think this company has a future then you continue to hold, if not then sell and move on without adding to the daily noise provided on this board, because you are pissed that you lost money on speculative

[Reggie1]

So is there a stockhouse user agreement that says I cannot?  First off you are a fool and ignorant to think I am here with a motive to drive direction in the market. I know 99% of you think that what people post on a bo jang website can change your financial outcomes but that would be your personal delusion and councelling might help you with that.  But that is it right? You think I am

[Peggy123]

THEY INVENTED THE IGGY BUTTON FOR PEOPLE LIKE YOU.SEE YA  Papi

[Lifeboat1]

Mitch - You continue to spew lies.  The CEO and the Board directors have never had any thing "charged" against them.  It was Core Capital who were the majority share holder at the time.  You can keep saying it but it will not make it true.  The PR clearly outlines who the BCSC is investigating and it is now of the existing Management of the Company.  You need to

[Reggie1]

and hopefully the fridge. 

[Mitch43]

Wrong again and dishonest from you because: ! - Fact, All the details about the 2018  pump and dump charges  are still available online for everyone  willing to read them... perhaps you should too... 2 - Fact,  I copy/posted them here on a couple of occasion as well 3 - Fact, Iisa paid the fine rather than contest it as first stated, and continues to this day.... which of

[Lifeboat1]

You really don't know the background.  The Company and the CEO have never paid a fine to BCSC (you call Vancouver SEC).  The Company did settle a class action lawsuit that is separate from any BCSC investigation.  BCSC and TSX did investigate the Company and found that they had not done anything wrong.  There is a press release from TSX that discusses it in 2019 and BCSC

[Mitch43]

In 2018 I didn't even know Reliq existed, nor  knew its SP had reached already over $2 cad... I started day trading it as a low penny  stock arount the end of 2019 , got out of it early 2022 after the white diamonds debacle which at the time I agreed with the CO  must have been a dirty trick from shorters , .and got back trading it early on 2023 when I  bought the CO