Reliq Health Technologies Inc V.RHT.H

that is what CEO called profitable

[mingzhu]

• After adjusting for non-cash expenses including share-based compensation and accretion, as well as one-time non-reoccurring expenses ($78,180 severance paid to the Company’s former CFO and CIO), the Company’s adjusted EBITDA (gain) for Q1 FY2022 was $74,126 (Q1 FY2021 adjusted EBITDA (loss): $1,518,925).

[lscfa]

Cooked books.    Hiding ongoing expenses (consultant) in stock comp to have it excluded in an adjusted ebitda calc.  Next quarter co. will pay consultants in cash because it will be covered with higher revenues.       On July 19, 2021, the Company granted 2,470,000 stock options to consultants, with an exercise price of $0.43 expiring on July 19, 2026. These

[lscfa]

There's a regulatory requirement for co.s to provide a table that reconciles accounting no.s to calculations of ebitda and adjusted ebitda. Reliq failed to do this. And they want to be on Nasdaq?   Net loss (4,209,932) Accretion 9,913 Amortization 26,926

[3burtc]

Sour grapes just because you had to buy your last lot a higher price. Your bashing will get you nothing.

[lscfa]

My cost base is in the teens, dumbass. I just hate CEO's that lie about being cash flow positive, profitable, no need to do any financing.    

[3burtc]

Well then,there's no reason for you to be here. So sell your shares and move on. Hey maybe buy a stock you like. Who's the dumb as$ again?

[mingzhu]

There are  2 major ways to financing non profitable company: 1 stocks, 2 warrants and options, To issue stocks, it has to have 10 -20% discount of market price. But options and warrants are at prevailing market price. RHT is using the second one, which i believe is rather smart. Whatelss you can do without money to develope a company? they cannot get money out of air. When they issue options

[Lifeboat1]

Issuing stock in a PP also generally comes with some warrants and lots of fees.  I agree that options are  the better way to go.

[Lifeboat1]

The other advantage of options over PP stock issuance is that all of that non-cash expense will offset future profits reducing taxes which is real cash.

[Invester123]

As long as it will be covered with higher revenues I am ok with that. It shows progress and that is the only thing that really matters in a growing business.