TSXV:RHT.H - Post by User
Comment by
Lifeboat1on Oct 23, 2023 5:39pm
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Post# 35697178
RE:RE:RE:RE:RE:RE:RE:RE:Reply from Bruce as i said id do
RE:RE:RE:RE:RE:RE:RE:RE:Reply from Bruce as i said id do Mitch - You can't even get basic facts correct. The Company before Reliq was Moseda not Modesta. The Company has never restated revenue and was never "penalized" for such.
The actual facts are the Company's clients had ineligible patients on the platform and were unable to bill for them. The Company moved that booked revenue to bad debt which both the TSX and BCSC agreed that they correctly recognized the revenue. No restatement.
There was a class action whic the Company settled for 2.5 million of which almost all of it was paid by insurance ornforer employees who committed fraud against the Company. The class action lawyers admitted their case was weak in the settle documents
Even if some people associated with the Company 5 years ago did pump the stock (not illegal to promote the Company) and then sold before bad news came out does not mean that a real and viable Company was not being build by the management team.
We don't know a lot about their customers and partners but digiMED is a real company and has put out glowing reviews of Reliq in press releases and has done an interview promoting Reliq on BNN. digiiMed is owned by a Company in Puerto Rico that is a major supplier to hospitals in Puerto Rico. If there was no Company Cognizant would not be working with them and have their CEO highlight Reliq on an earnings call. These are real and verifiable facts. You have no credibility when you claim it is all smoke and mirrors.