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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Healthcare Medical Devices
Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.


TSXV:RHT.H - Post by User

Reliq Health Technologies Inc > Recent posting re settlement
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Comment by Lifeboat1on Jan 25, 2022 9:01am
110 Views
Post# 34357324

RE:RE:RE:RE:RE:Recent posting re settlement

RE:RE:RE:RE:RE:Recent posting re settlement

Just to clarify for those who are new to Reliq or have not followed the issues back in 2018.  The numbers were not "bad".  It's good that IFSCA is able to use such precise financial terminology.  The revenue that was recognized during the time in question.  

How do I know that?  Both the TSX an BCSC reviewed Reliq's change from originally saying they would need to restate revenue to stating it was actually bad debt.  

How do we know this?  Reliq issued a press release about this in the spring of 2019 referencing the TSX inquiry and BCSC moved them off the defaulting issuer list in 2019.  The Company never restated financials and only moved some and not all revenue to bad debt.  

Why didn't they announce it earlier to investors? The Company still expected to receive payment from customers from April to A ctober.  It was during the annual audited financials that the auditors wanted them to highlight the risk in collecting receivables.  It was after the audited financials in October 2018 that the employee fraud was uncovered

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