TSXV:RHT.H - Post by User
Post by
cpacon Jun 02, 2022 8:32am
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Post# 34725867
Didn't pull the trigger...
Didn't pull the trigger...After listening to the interview where Lisa said they were exiting 2021 at a $2M/month run rate, I set aside cash in anticipation of the Q1 results... if they posted anywhere near $6M for the quarter, I was prepared to buy 100k shares at up to 75c... because the valuation case would have dramatically shifted with numbers like that. To be fair, the quarter was a notable improvement on past quarters and shows a positive trend going forward, the curve is just not as steep at this point as what we've been advised... the bigger issue was the credibility gap... the only explanation I heard for the difference in results from the expected 6mil plus was that a lot of the patients got covid and that while in need of acute care, they can't be billed for our services... if we continue to grow Q over Q as we have recently, this will still be an excellent long-term investment... but trading suggests that there may be a lot of investors like me that feel less urgency to start or add to their position right now... All the best.