TSXV:RHT.H - Post by User
Comment by
Lifeboat1on Mar 30, 2023 4:59pm
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Post# 35370381
RE:nothing seems to move the needle! what can RHT do
RE:nothing seems to move the needle! what can RHT do As an investor you can't really look back you have to look forward and ask yourself is there a better investment out there that has the potential for a bigger return than Reliq in the next year with a minimal downside risk (40c - 50c range IMO if they only grow marginally 20-50% a year). I don't consider anything before July 2021 (end of Covid as a major business obstacle for Reliq) in my look back (Reliq 1.0 issues and Covid were unusual for the Company to endure) Simce then they have made remarkable progress and were at an average of $1.00 before the market fell out and almost all SAAS and healthcare tech companies had valuations reduced by more than 50%.
Assuming they solve collections (which I am not concerned about) and the grow 30%-50% a year they will be profitable and will out perform most of the market.
If they grow at 1x -3x a year for the next year or two they very well could be a 10 bagger from here.