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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.


TSXV:RHT.H - Post by User

Comment by Reggie1on Oct 21, 2023 9:14am
180 Views
Post# 35694377

RE:Reply from Bruce as i said id do

RE:Reply from Bruce as i said id do"The capital raise they did was to accelerate growth in some bigger clients.  He said that tacks on around $20 million by the end of next year to their revenue and potentially more if these large clients choose to ramp up implementation faster."

Its all about turning recieveables. Will that ever be 60 days? Will it ever be 90 days? And can you believe them when they tell you what they expect it to be? 

What this saying is, they are still not able to turn recieveables otherwise as I have shown previously they would not have a money problem. 

There is a $69 million dollar accumulated deficit on the balance sheet which can be used against future taxes. How much per year or qtr I am not sure but its there to reduce taxatation on net income. So how is cash needed now for $20 million tax next year with an accumulated deficit presently of $69 million? Or is revenue and growth and Net Income going to be so high that even after allocating Accumulated Deficit or previous losses to the NIBT they will still be paying $20 million in tax? Which would mean to me potentially over $100 million in net income for 2024. 

And the share price sits at 36.5 cents. And its there for a reason. 

Over a trillion dollar market and even fools can get in and try and make a buck on it. That is what you have here. 
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