Reliq Health Technologies Inc V.RHT

Close 10% below financing price

[Reggie1]

Looks like the market is on management again with the funds needed for the growth to come. From Scott it appears these funds are needed for onboarding growth to come as the growth is really going to kick off this year. 

Anyone ever see a company with such growth and then funds raised for said growth get smoked to new 52 week lows? 

All I can do is repeat...management has no clue how money flows into the company timeline wise....and no clue consequently how to make the market understand via communication. They do not understand their business model. 

Over years of operations.

[Peggy123]

Are you aware the TSX has been down triple digits 6 out of the last 11 days,the V.TSX Venture down double digits more then 6 days,I dont know about your Venture portfolio is doing but mines getting WHACKED. Papi

[Reggie1]

Get used to it. A recession is coming and this whole housing enchillada in Canada is about to be cooked. But I have been wrong on housing in Canada for years. But I think the next 12 months will show a reckoning.  Though there have been pullbacks in just about everything some sectors are still showing some support though weak.  I am 90% cash and only in NILI.V and even that now has a

[EdinColorado]

A lot of stocks' prices are based on perception. Imagine for a moment how this stock's health would be perceived if we had experienced no projections of NASDAQ listing, zero deadlines for stock buybacks, and just experienced quietly doing the grunt work needed to grow the company. This company is getting sunk by low credibility made by the CEOs own irresponsible rhetoric. 

[Mitch43]

By the same line of reasoning, imagine for a moment how this stoch health would be perceived if  it was possible for investors/shareholders to be able to verify the authenticity of all the unverifiable signed contracts.announced by the CO in press releases...and real onboarding/adherence and cashed receivables numbers. instead of being constantly hyped with the same failing to materialized

[Reggie1]

If they had an understanding how they would collect money and adjust or impliment strategy and communicate it to the market where would the share price be?  That has been the problem. Nothing this CEO says anymore should be believed by anyone. But it appears to be enough to get someone to sign on to a financing as they think they can get retail to buy it. I highly doubt any tutes are into

[Lifeboat1]

Reggie - I honestly don't know what you are talking about.  The business model is pretty straight forward and they have explained it a lot.  I think you are confused about the difference between billable and onboarded patients. The is how they get paid.  Reliq puts paitients on the system. At the end of the month the doctor submits reimbursement for all eligible patients.  

[Mitch43]

While it's your money to invest/lose as you wish...final warning, Reliq is a pump and dump stock masquerading as a telemedicine CO built out of smoke and mirrors for which the CO was already once charged and penalised 2.5 million  in 2018. don't take my word for it, do your own diligence.....and don't expect its IR to let you know... Its all bogus.  The original owners of RHT

[Upsdowns]

It really doesn't matter becaaause Friday's close will be 10% higher. Oh and don't forget to pick up your Costco pumpkin pie! Sunday is the last day for them, they are to die for with French vanilla ice cream, yum!

[lscfa]

No 4 month hold period on this financing. There might be selling pressure for months on the stock as new holders sell to hold the warrant for next to no cost.

[Upsdowns]

So iscafa, I'm kinda stumped by your statement. If there was a four month hold period, wouldn't they be able to sell after the four months had past? I'm not sure what the difference would be other than four months. 

[lscfa]

Bloody trader scum don't want to tie up funds for 4 months. If they can buy and sell immediately for a free warrant they still have their funds to trade other stocks.

[lscfa]

The no holding period also makes you wonder if the hedge funds lined up by PI Financial did not want to be holding this stock when the financials hit the fan on October 30.

[Upsdowns]

PI Financial has been with Reliq since 2018, but they can't wait to sell right now? Are you sure you know what you're talking about? Seriously, do you think they are retarded or something?

[lscfa]

https://www.cantechletter.com/2019/03/pi-financial-suspends-coverage-of-reliq-health-technologies/

[Lifeboat1]

Well it seems PI has come around to see the light at the end of the tunnel.  It would look bad for them if they didn't do their DD after what they went through in the past.

[Upsdowns]

Lifeboat1, they were extremely bullish way back then and Reliq only had 10 000 patients at the time. I bet PI is licking there chops wondering if Christmas came early. Friday  .40, .50, .60 or higher? Omg I  better watch out because I might be labeled a pumper lol. Happy Thanksgiving giving,  I'm taking off for the weekend, but first grabbing a couple of those pies.

[Lifeboat1]

I do think we start to see upward momentum after the close as the institutional investors hold their shares and everyone who couldn't get in buys whil it is low including all the shorts.  If they come up with positive news at the end of the month this is off to the races.

[EdinColorado]

Well, maybe they do have a better chance of getting out from underwater than most small caps that recently gave their investors the private placement booby prize. Nice to hear some hopeful optimism anyway.

[Mitch43]

Thanks for this posting which proves one more time to Reliq' affiliated pumper/ apologist, Lifeboat1-Mingzhu, that he can't deny Reliq was forced to restate some of its 2018 financials nor that the Co was  penalized for its misrepresentations 2.5 millions.

[Lifeboat1]

Again Reliq has never restated revenue. In 2018 they moved properly recognized revenue into bad debt and wrote it off.  While to some that may seem like the same thing there is a big difference from a liability stand point.

[lscfa]

Reliq revises quarterly no.s every year when auditors get their say but co. only shows changes to revenue and net loss in MD&A 8-qtr summary. e.g.   Revenue Qtr reports Annual mda Diff Q4   2,660,758  

[EdinColorado]

But they covered Reliq in 2021 & 2023. So, what's the purpose of the barrage of posts like this here?

[Upsdowns]

Up we go reggie o!