Reliq Health Technologies Inc V.RHT.H

More shares

[aaaaaargh]

And another 1.7 million shares issues Friday the 5th, in addition to the ones mentioned by Isfca earlier....

[lscfa]

Let's hope it's existing options being exercised and no new options issued.....     Shares sept 30 145,669,818 Nov PP 13,493,332   159,163,150 Feb 5 o/s  165,958,149 Diff =

[Lifeboat]

In my experience, over the last 30 years, early stage tech companies and even mature, profitable ones issue stock options on a regular on-going basis.  It is one of the reasons people work for and with early stage tech companies.  Stock options have always made a significant amount of my compensation over the last 30 years and one of the reasons I worked for the companies that I did. If

[lscfa]

Reliq issued 5 year options to consultants/employees/etc. who exercised them within 3 months and then mgmt had the audacity to say the co. doesn't need any financing to get to cash flow positive status. Lying mofos.  

[theinvestor22]

So, consultants and employees were willing to work (at least in part) for options because they had confidence in the company.  Sounds like a plus to me. Have you considered that, when they said they didn't need a fund raise, they meant they didn't need to go formally to the markets to raise capital? So, they were cash flow negative.  I mean, really, what were you expecting

[lscfa]

I suspect some of those options were issued to "consultants" for no exchange of work. Simply a stealth financing to skirt PP rules.   

[theinvestor22]

Evidence, please.

[lscfa]

5,400,000 $0.225 options (expiry Mar 18/25) issued March 18, 2020, disclosed in Mar fins.    2,400,000 o/s at Jun 30 per Jun fins. Probably exercised days or weeks after Mar 31.   I have reported these SOBs several times and I think the regulator finally told them to cease and desist. Thus recent PP's in lieu of large option grants.  

[lscfa]

See image. Co.s should not be able to time when options are doled out. They should have to do it at set times like after qtrly fins posted or concurrent with financings. Too much self-enrichment going on.    

[lscfa]

How in the hell could the co. time the exact low in the stock price? I suspect they issued the options after March18 and back-dated them to March 18 to get the lowest damn stock price possible.  

[Lifeboat]

Ifsca - I have seen you post this same tirade at least every other month for over a year.  You have made your point and no one else seems to care about it other than you (including the regulators) so let it go.  Of all the things to worry about in a stock you own this is pretty far down the list of importance. 

[lscfa]

Criticism will continue until mgmt cleans up its act.    

[Lifeboat]

Ifsca - Have you even looked into the rules for issuing options for TSX-V companies before posting your criticism of the Company. The Company does not have to time option grants to get the lowest price.  I did a 5 minute search and found that they are allowed to discount to market price.  No options have been issued below market price for the month which they would be if they were "

[Doctor90]

not at all true. Incentive based options or judicious use of options is the difference between a good compang and a snake. Arbitrary dilution is a sign of a useless company.