Reliq Health Technologies Inc V.RHT.H

RE:RE:What is in Lisa’s calculation before Q4 on Thursday

[knicksman]

To go a step further, I think what they did was intelligent. Obviously, I don't know what the results/guidance will be tomorrow -- so I am reserving my final judgment unil then.

But, in reality, I think Reliq needs $4m to $5m in capital to clean up the balance sheet and fund the upcoming growth. Any buyside shop would know that. And, because of that, a lot of money has been parked on the sidelines, waiting for such a raise. I would even think some shareholders have sold, waiting to buy back in at lower prices in a raise.

With this raise -- Reliq cleans up its balance sheet. And at the same time -- it will drive enough FOMO in the large shareholders were holding back on buying until the raise. It will help drive the shares in the right direction and make the subsequent raise 'healthier'.
Meanwhile, this raise helps further align its partners...

They played their options in the best way possible (again...let's wait until tomorrow to see).