TSXV:RHT.H - Post by User
Comment by
Lifeboat1on Sep 01, 2023 10:34am
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Post# 35615864
RE:RE:i will have a double double please ....
RE:RE:i will have a double double please ....I have multiple years of audited reports to refer to and make an investing decision. They have collected over a million by April of the $5 million due by the end of June. If they only collect half of the remaining and have to write off $2 million dollars that will only be about 15% of the revenue. I expect any write-offs to be in the range of the stated ECL and be less than $1 milllion and under 10% of revenue. Not great but not horrible given the stage of the Company. As they gain more business from their blue chip clients and less from small physician practices and home health agencies collections will improve and won't be a concern.