TSXV:RHT.H - Post by User
Post by
SISBOOMBAHon Aug 21, 2024 8:08am
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Post# 36189396
Time to speculate????
Time to speculate????It has been almost one year since Reliq announced the ±$6 million financing at 40 cents and Reliq (RHT.H) doors are still open. How much of the $6 million has been spent? How much has Reliq collected from past due accounts? How much has Reliq collected from current accounts?
Scott, at investor relation, is answering questions and presumably still getting paid. They have not cut his non-essential job, so Reliq is probably collecting enough cash to cover expenses.
At the US Over-the-Counter market stock exchange, Reliq shares (RQHTF) can be bought at around 4 US cents or 5.4 CDN cents. Market Cap is around CDN$11.8 Million. Volume is pretty light. The highest volume day was on April 18, 2024, when 593,090 shares traded in a range between 2 and 7 cents for a value of around US$20,000. Good news could be enough to move the US share price up. Bad news would have the reverse impact on the share price.
AND I WILL STOP HERE, because at this point in time it is pure speculation on what revenues are or have been; on how profitable Reliq is, and if profitable, by how much Reliq is profitable.
If an investor speculates, that individual most be comfortable with the real possibility that the speculative investment could turn into a total loss.