TSXV:RHT.H - Post by User
Comment by
DonnieAzoff12on Jul 24, 2020 3:54pm
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Post# 31316542
RE:RE:How long ?
RE:RE:How long ? Couldn't aree more knicksman. I followed this story when they got f****d over by their employees a couple of years ago and I decided that once they cleaned things up I thought they were going to turn it around with Reliq 2.0. Are things moving a bit slower than anticipated... yes but the move of going after big contracts instead of establishing the small contracts in texas was the right move I agree. No doubt they need to execute now though. Everyone thinks onboarding should have sped up while a global pandemic was just starting but that is just silliness IMO
I was really excited to see things start to get rolling after those big contracts were announced and signed though. I thought we would see signs of expotential growth in the the last ER and this upcoming ER but now I look forward to the revenues and accts rec for the next 2 Q's, they should tell a bigger story. Would love to see rev and or accts rec of at least 1 million which would at least mean 10,000 paying on-boarded patients just to show they can hit that mark.
Lastly I do think the CEO comparing themselves to LIVONGOon the last webinar was not a great look. But same time it is a resonable comparaison to see where they could be if they even get half of the patients on boarded that are currently under contract, boy I'd be happy if we were trading at half or 1/4 or 1/10th of their SP hah. I think the last time I looked LVGO had maybe 360,000 paying patients? Reliq because of those big contracts have just around 300,000 eligible patients ready to be on-boarded off the top of my head. 2021 could be very exciting, the upside is just too good. I have as much money as I'm comfortable with invested now currently sitting at a 30% loss but this could be an absolute bargin of a price for .25$ for a 6-12 months long investor. Who knows, maybe she will tank and go ti*s up but I'm staying invested for now.