TSXV:RHT.H - Post by User
Comment by
qwerty22on Nov 30, 2022 10:27am
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Post# 35139583
RE:Webinar sounded good to me
RE:Webinar sounded good to me You are not thinking.
A hurricane passes through in one day. Most Floridians are unaffected. Even most affected repair, claim insurance and move on. A relatively small number of people have their lives devastated. Yet we are meant to believe these short-lived, geographically limited events have taken a large chunk out of a business that's meant to be continously growing, in many locations. It makes no sense. I just don't buy so many people contacted them and "delayed" (whatever that means).
The way we handled Covid I would be prepared to believe this could have a society wide impact and for a period have a big impact on their business. Hurricanes just can't do that to a widely distributed business. One or two clients, yes. Huge general, long term impact on business, no. This is a lame excuse.
It also makes no sense to now label a large chunk of your customer base "delayed". What does that even mean? They are more accurately described as "not generating revenue". The real reason why they aren't generating revenue is probably at the heart of the slow growth of this company. How on earth does Reliq know they will become revenue generators in the future? They have no past experience to know this will happen. I doubt they have any binding agreements with these people. We are in fantasy land here.
$15mil in hardware sales represents a huge chunk of what should be their revenue base. 2/3, 3/4 or even more? This is now described in an unconvincing way as "delayed".
Peggy123 wrote: Bu t your always going to have the Lisa haters out there. She sounded credible as for the delays,hurricanes and such in Florida. She's very concise and i believe we shall close green. As always i havemy stinkers in. People out there think it;s easy to run a company and there's never setbacks. Well in every company in the history of mankind has had setbacks,hiccups or whatever you want to call it.