Reliq Health Technologies Inc V.RHT.H

RE:RE:50k patients*60 monthly rate*12 months=36m USD*1.29=46m CAD

[mingzhu]

It entirely depends on how long revenue is delayed, 3 months ? 6 months? Take phone company for example, you sign up for a phone company (onboarding), after a month, it sends you a bill (receivables) in a couple of weeks. The fee will be reflected on company's revenue in one month and half. But for  subcontractors (doctors and homecare agencies), it  takes double time -3 months.This is well established company for well established business model.  For a startup company for new business model, it likely takes double time for fee to be reflected on its  account book.  That is why i think is possible to take 3-6 months for RHT to have actural revenue from those contracts.  If is 6 months, the incoming report was for period of Oct-Dec 2021 when Covid 19 was in full swing. You cannot expect an old person living in a countryside to get used to virtual service regularly very quickly after being onboarded. . 

cpac wrote: I was using USD and was assuming $50/month/patient... but with your numbers, my comment is even more compelling... most stocks where a contract worth half your market cap was announced would have been up AT LEAST 30%  that day.  Market DOES NOT believe these contract announcements and that's the company's own fault... quarterly revenues should be WAAAAAAY  higher than what we've seen just based on contracts announced in 2021... how many quarters does it take to onboard patients???  I've said it before, this is either a huge opportunity or its a scam.... currently market assumes its a scam...