TSXV:RHT.H - Post by User
Comment by
lscfaon Jan 25, 2022 9:15am
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Post# 34357390
RE:RE:RE:RE:RE:RE:Recent posting re settlement
RE:RE:RE:RE:RE:RE:Recent posting re settlementIt is obvious from the image I provided that the no.s I was talking about was onboarded patients, dumbass.....
https://postlmg.cc/t1DbzbKg Lifeboat1 wrote: 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