RE:RE:RE:RE:more shares teeswater wrote: well, good post Aaaaaargh,
Obviously, heavy risk involved due to many factors. Besides the unlikely events such as a tsunami wiping out Eastern Canada and wildfires burning away most of life in the states, I do feel there is definite risk,
Jack Marks clearly has a motivation to get the stock higher, so pump, pump, and more pump which could cause new investors to jump in without DD
Lisa has had issues achieving Co. goals so there is a risk that she is again overly confident
Changes to Medicaid and Medicare (as well as changes in US politics) could strongly affect the stock
Competitors could be an issue
Any pandemic could also affect Reliq, including a new wave of Covid
They state profitability but need audited financial report for confirmation
Fall out from on-going lawsuit
and I know you will add a lot more.
You are much more knowledgeable about the Co. but I am doing a ton of research and asking those in the know with more experience in investing for opinions and thoughts that I may not realize.
I just feel good about the Co. now and Lisa has never been this confident, and giddy, really.
I know you dont like her but I think she is going to make this happen.
Anyways, thanks for indulging me, and for the good well thought out response.
Without spending my day looking to verify, I am pretty sure that I have challenged you to do the above before and you ignored me, so I actually thought you were going to disappear (of course if it wasn't you...ignore all that !!!) So first off, 100% kudo's to you for stepping up to the challenge and I am also impressed with the items that you came out with. I think that I will actually add very little, rather spend a little more time on some of my reasons why I dislike Lisa. That is the crutch of where most of my complaints come from and you hit that nail on the head.
1- The past issues which are too numerous to revisit and obvious to anyone that wants to be honest, are simply TOO NUMEROUS AND REGULAR. Nobody can realistically expect any company to hit every target and guidance metric, but virtually none, in what, 3 years? I used to praise Lisa at the beginning, but there comes a time when you just have to cut your losses and admit that there is a failure at the top.
2- Some of the excuses for massive failures were comical, especially at the beginning of all the problems, way before covid. This put me on the path that I started to not believe the things that she was saying, and that she had no respect for her shareholders. I still feel that she is trying to "buy more time" in the very present. Profitable at 500k monthly sales? Holy cow, either she has a different definition of what profitable means or the company has to show MASSIVE cuts to expenses for this to be true. I fear for what the audited and q1 statements are going to actually show. This kind of leads me point 3....
3- Making promises that aren't necessary. Now if she would stop making statements that are totally unnecessary, there would be a lot less to criticize from numerous posters on all sites. 500,000 means profitable? Should never have said it. Expenses and all line items are moving targets. How the hell can you settle on a number months in advance? Silly to have set that expectation. And she does this all the time. Most recent, update on Cali contract. Never happened, causing another wave of complaining. Never needed to be said. In June, said there would be monthly updates. In the latest wsr, spent a long time explaining why a company shouldn't give out monthly updates. Ok, I agree with the latest explanation, but for Gods sake, why say it in the first place? Without going to check on the exact wording, also in the last wsr, she said something about update puerto rico progress. Why? Why, why, why? If something comes out later to update us....great, positive surprise. But now if she doesn't.....more disappointment. How can she not learn this over all the mistakes of the last 3 years......so frustrating.
I will find it funny how if things start to pick up and turn around, there will be a whole new chorus of praise about how great she is. What will be lost is how great and further ahead this company could be at this moment with anyone better. I have said it many times over the years....I expect the company to succeed DESPITE having what I believe to be a terrible CEO, mainly for reasons I mentioned in my other post....
At least now you have a better understanding of where I am coming from with a lot of my posts of the past few years..... Cheers and hopefully we can all still win in the end, despite the long struggle it has been for many of us....!