Reliq Health Technologies Inc V.RHT.H

RE:RE:The MoneyNarrative has placed his bet. Terrible odds....

[Lifeboat1]

Putting aside what is claimed here that Reliq is not a real company.  Two years of financials audited by KPMG make that claim clearly false.  There is underlying and unrealized value for the Company.  Their software has intrinsic value, their  customer base ( even if not fully onboarded or
compliant) has significant value and they have been paid for the services they provide and that has value.  Having worked at start-up that were acquired that were both pre-revenue and pre-profitability and did not have half of what Reliq has.

1) Software that has been used in the market sucessfully for multiple years. I would estimate that the base value of Reliq is at least $50 million if they were acquired today. 

To replicate the software would take anywhere from a few million to upwards of $10 million based on their spend.

2) Large well developed customer base across multiple markets and geographies. A customer base with even 100k potential patients and one top ten US health provider is worth tens of millions of dollars  and years to replicate.

3) Minimum of $2-5 million in collected annual revenue.  We will need to wait for the financials to verify how much above $2 million.  At a low valuation of 5x revenue is another $10 million to $25 million.

The unrealized value is that they could hit $10, $20 or $100 million in annual revenue and still be less than 1% of the market.