Reliq Health Technologies Inc V.RHT.H

Remote Cardiac Monitoring tech

[lscfa]

https://www.dicardiology.com/article/new-technology-allows-direct-transmission-remote-cardiac-monitoring-data

[ryang999]

What are your thoughts on CY 2021 revenue now after the recent two contracts? It feels it will be safe to reach their target of 11mm.

[Mongoose]

ryang999 - Not sure if you only wanted Iscfa's opinion or your question was to anyone on the board. If it was the latter, he is my take. If it was the former, ignore my post. Many of us have spreadsheets to try and figure out how she will attain these goals. I do not want to debate which spreadsheet is best. Mine suggests that in order for Lisa to hit $11M by year end and a run rate of at

[Canadian_101]

I hear what your saying, its nice to see the rise in the SP however if Lisa provides an update that is below what she has projected for whatever reason the share price will tank big time in my mine. I am not fond of stop loss's for venture stocks as there are many daily swings in share price but for RHT I am making an exception and will have a stop loss order set the day before she announces

[ryang999]

These are all legit concerns. However they reiterated 2mm monthly run rate exiting December 2021. The hardware sales will be included in their 11mm revenue projection for CY 2021. Sure it will be much conforming if they can just be more forthcoming and release the number of patients onboarded

[theinvestor22]

You raise a good issue here.  Since the $11M sales includes monitor sales, it's the $2M/mth run rate that's more important.  Run rates are more important anyway, as they are closer to underlying figures than 1 year historical numbers are.  This is not news, Lisa already made the point that analysts are more interested in run rate numbers.

[Lifeboat1]

Excellent point theinvestor22. There are lots of concerns for a company at the stage Reliq is at but that is why there another 2-3x to be made in the next 3-6 months.  Higher returns IMO if you are a long term investor. The concern about onboarding and offboarding shouldn't be a concern to investors at this stage for a couple of reasons.  The Company has said it's not a problem

[lscfa]

They have signed many contracts since January when the $11 million in revenue for c2021 was forecast. So why no guidance update? Are they dropping patients as fast as they are adding them?    

[aaaaaargh]

This was a fantastic question!   From one critical thinker to another, I had the exact same one. She did answer this one in a round about way on the last question of the webinar.  More of the onboarding that was expecting to take place in this last half of the year has once again been pushed out to a later date.   Pretty much like all the critcal thinkers have been saying

[aaaaaargh]

Sorry, second last question!!!

[lscfa]

The reason it did not occur to me that onboarding was delayed again by existing clients was because Lisa has been pumping the idea that Covid is no longer a factor in the process. Now the true comes out.   

[Lifeboat1]

What is the truth you are talking about? Is it the normal  business activity that was discussed on the interview where some contracts end up going slower than estimated and some move faster but at the end of the day they hit their number.  Wow.  That is a revelation and serious critical thinking. LOL.  Your one dimensional thinking and inaccurate deductions do not disprove

[aaaaaargh]

As my personal stalker you actually know when I was making my last buys and at which price because I actually said it when I was doing it and why.  Why don't you let everyone know when that was and the price.....oh, and don't forget to use projection to say that I am bitter about all the extra gains I got as a result.............lmao.......

[Beluga2020]

Lifeboat I have to agree with you. My take on the interview is that Lisa looked relaxed and confident in meeting targets. She answered questions with great detail. Perhaps I misheard, but early in the interview the impact of Covid-19 was described as having a positive impact, forcing doctors/health care industry to seek Reliq's services to continue providing care to patients. Yes, a few

[ryang999]

It will be a bumpy ride to 5 dollar share price which won't likely happen until mid 2023. She did not give a straightforward answer when she was asked if the contracts signed are exclusive or other competitors can still approach the clients and take the business away from RHT. My impression is that the other parties do not have to commit to anything, no time line, no penalty if not committed

[Lifeboat1]

Ryang999 - you should email that question to IR.  It has been discussed in detail here in the past and I for one have emailed IR about it.  The short answer was it depends on the contract but switching is unlikely due to a lot of factors but mostly what the CEO said in the interview that there is currently no one else that does what they do in the market and customers are conservative