Reliq Health Technologies Inc V.RHT.H

RE:From ir

[xghazzix]

I mean, it's just farcical at this point though. We were initially told it was just working on the PP that caused the delay. That was four months ago. If that were remotely true, every issuer who does a PP would miss at least one earnings report. Verdict: Bogus

We were also told in November that the auditors had completed their final tasks and results were expected to be released shortly. I know we had the holidays in the middle, but this is now almost a full quarter since the audit taks were completed. Again, there is OBVIOUSLY something else going on since if the lead time for an audit was 3 month after the audit taks, all reports would be late. Verdict: Bogus

Further, we have the sudden CEO departure in the middle of this. If you read that press release, it reads that she was fired and the health conditions paragraph thrown in. Essentially: The board accepted her resignation. Oh by the way, good luck with your health.

Perhaps just poor communication, because lord knows this company couldn't communicate its way out of a paper bag, but if I were writing that and didn't want to create panic, it would say "Dr. Lisa Crossley resigned her posiiton as CEO and Director in order to focus on ongoing health challenges". It explicitly does not say she resigned due to these health challenges, and unfortunately RHT has done nothing to garner the benefit of the doubt. 

It's a shame there isn't a large shareholder who could pursue some activism here because I've always thought with the right management this company has huge potential, and there's ripe opportunity now that the company is in such disarray. But perhaps with management owning so few shares there's a window for a smaller shareholder to shake things up...