RE:Price down , volume dry up, collection is the pulse…..While I hate delving into fake conspiracy theories, My present feeling is that's what we are heading to....
mostly because in view of the Co rosy statements as recent as June first 2023.
On top of a long list of signed contracts which supposedly could potentially turn into millions of new chronic patients
Quote:
[The Company began the process of taking over Adherence Management for all clients as of January 1, 2023. As of March 31, 2023, the Company had assumed responsibility for Adherence Management for 30% of its existing clients and improved the average Adherence levels for the associated patients associated with these clients from <20% to approximately 70%. The Company expects to be managing Adherence for essentially all of its clients by the end of FY 2023 (June 30, 2023).]
Note ***: English not being my first language, Is the reason I thought they could/would release their unaudited EOY figures on June 30. so that we could have figured out why the SP cratered in June instead, but we'll have to wait for the audited version...
The more I look into Reliq history , reports etc. ( something I rarely do for Co I invested in) the more I become suspicious.
I wanted to see what their main office at the address provided in Hamilton looked like, well while it must exists since Lisa created Reliq out of a previous health CO... I find it strange there are none , just the picture of a buiding to look at, without any sign outside to name the commercial tenants.
the co phone is an 888 number and all IR inquiries are handled by another Co, Lytham partners.
so the main proof ot Reliq existence is their web site in the digital universe.
As for staff, accordingly to Lindekin the number mentioned is 12.
I was expecting more about a supposedly fast growing c in telemedecine.
for all the videos pertaining to the co contracts, they use a paid advertizing co .
Reliq mentioned it opened 2 US sale offices, one in florida, the other in texas. I could not find any info about the Texan, however they mention the floridian is located in port st :Lucie they give a brief description of what the staff at the location is doing but it only do out calls... Strange again in my opinion for a sale office without a checkable address.
when I used AI to search reliq address in Hamilton... Chat gpt mentions many searchers stated the business does not exist.
Though I'm sure it does exist and there must be valid reasons to explain the discrepencies I just mentioned.... Nonetheless It seems to imprint in my mind it is not the fast growing health care co it claims to be particularly if/when you add all the exagerations provided by Lisa over the years that never seem to materialize in their audited reports.