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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Healthcare Medical Devices
Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.


TSXV:RHT.H - Post by User

Reliq Health Technologies Inc
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Comment by NikhilG92on Oct 27, 2018 6:44pm
165 Views
Post# 28883035

RE:Access to filed law suit

RE:Access to filed law suit

I've gone through the legal documents a few times. Here's my thoughts:

1) Reliq never knew about the arrangement the CVO made. Had they known about covenants or conditions placed on the business the acquisition may never have happened, or would be at a substantially different price. Accordingly the lack of disclosure is extremely material and Reliq shouldn't be held liable, whereas CVO should be held liable for personal damages for failure to disclose and misrepresentation of facts.

2) The Carson guy - check out his past lawsuits, he's typically settled around $50k - $250k. 

3) The maximum damage should be restricted to revenue generated from their relationships in the US? If so, then 50/50 gross margin share relates to perhaps $5-10 M to settle the lawsuit at maximum.

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