Reliq Health Technologies Inc V.RHT.H

RE:RE:RE:Burnt Bridges

[teeswater]

digitel wrote: "It really feels like investor sentiment is at at bottom here..."

In the May 14, 2020 news release the company said call center activity was ramping rapidly with the relaxation of government restrictions concerning COVID-19. Two weeks later, In the May 29 webinar, RHT's CEO said they really do see themselves catching up to US$5.7 billion Livongo rather quickly with more compelling margins, etc. RHT's CEO should have known if the onboarding issue had been solved by that time and there were no issues mentioned and the blockbuster comparison to catching up to Livongo rather quickly was made. RHT has either solved the onboarding issue concerning the major contracts or it hasn't. Given the time since the news release claiming call center activity was ramping rapidly additional comments concerning onboarding progress could happen at any time with future updates, etc.

There is also unprecedented demand for RHT's technology given COVID-19. In the webinar >550,000 patients are expected to be officially on the books in approximately the next 3 1/2 months. In a recent news release the pipeline was said ot be growing every day. Webinars will be issued to explain them coming contracts. Larger contracts could have more credible clients giving credibility to RHT. Royal Flying Doctors is one such potential client and they have been running a pilot that could be finished shortly given a previous timeline for the pilot.

Lots could become more clear to the market in the coming news releases over the next few months. Catching up to US$5.7 billion Livongo rather quickly could mean coming news releases are very explosive for the stock. 

The problem is that as TAN said, only a fraction of the >550,000 patients will be onboarded realistically. Lisa has said that webinars about contracts will occur before and they never have. Also, Australia could take forever...look how long the darned pilot took