Take the ups with the downs. Hey guys.
Ive been in this stock for about a year and a half now and sweet baby Jesus the ups and downs of this company I'm sure has driven a lot of people to drink, and if you got a lot of skin in the game I'm sure you have a drinking problem by now. But hey as our buddy Howard Marks says if you don't think you can hold a stock for 5 years don't think about holding it for 5 mins - If you believe in what Reliq is doing and the value it offers in this massive market then you got to sit tight and trust the process.
It certainly has been very interesting to watch the SP react to the series of events that have happened over the last little while. But I got to say, I really think we are finally getting to a exciting stage of this stock.
Every projection that sent this stock flying 2 years ago is essentially (according to the webinar) happening in the next 2-3 quarters. The doubt surrounding Lisa is the the reason this stock is on stand by for now I think. Here's my thoughts:
The financials for 2018 were not pretty, I agree - but the share price did reflect the company's health during that time period.
I will say I feel like the on boarding of patients, and the revenues we are looking for are still not as close as what Lisa is portraying, but can she really afford to screw up again? She already has a lot of doubters after the promises she's failed to deliver thus far, which is why I hope she learned her lesson and was low balling numbers in that webinar and actually follows through this time. I also hope the bad growing pains are behind us. . Basically it's time for Reliq to either nut up or shut up.
If you are gambling on this potential monster than this has got to be the best entry point you are getting in at for a very long time if things start going as planned. Insider buying today was nice to see.
If this thing is gonna take off we need to expect a lot of news this month regarding on boarding. I think just one big contract annocement starts the snowball. It has been repeatedly said that a lot of these big contracts are already in the pipeline and others will come fast if one big one gets going. They are basically guaranteeing 5000 more patients in a month and a half, they have to have a big one really close to going live. So let's sit back and hopefully get ready for this to get going :D
One big thing I liked in the webinar btw was the bill being passed expanding coverage for patients to use Reliqs product and service bringing eligible patients from 20 mil to 80 mil.
i hope Christmas comes early this year!! This was my first stock post ever by the way hah. Hope It works out for everyone. Good luck