TSXV:RHT.H - Post by User
Comment by
EdinColoradoon Sep 09, 2022 11:18am
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Post# 34952181
RE:Market is saying: I DON'T BELIEVE YOU
RE:Market is saying: I DON'T BELIEVE YOU
cpac wrote: That last contract, by my math, should be a $30M annual contract once all 50k patients are onboarded... yet RHT, a $100M market cap company had no reaction to the news whatsoever. This is the clearest indication yet that the market does not believe these contracts are REAL. Why on Earth else would that news not have had any impact on the share price?
Possibly because this is not like a block contract to sell widgets. The patients are onboarded in an unsteady stream over more than a year, with people entering & leaving the system at all times. The market likes to see a block sale translating instantly into profit. I'd like to see that too, but that isn't the nature of this company.
Another factor is everything is in the tank right now, even commodities as well as the question of whether the FED's policy can even control inflation when it cannot control supply chain functioning. There's a general lack of confidence in almost everything.