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Bullboard - Stock Discussion Forum Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and... see more

TSXV:RHT.H - Post Discussion

Reliq Health Technologies Inc > i used to get excited over contracts announcements but ....
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Post by Humanist on Jul 19, 2022 8:10am

i used to get excited over contracts announcements but ....

not anymore!  you ask why, because we have no idea of the retention rate or enrolllment rates.. .so even if they're announcing many contracts per month, we don't know how many patients are enrolled and for how long..so we could be dealing with in & out patients all the time thus the lack of major revenues... we simply don't know but if the past history is any indication, thats why we're not meeting the earning targets.  just speaking out loud if my understanding is wrong, pls comment.

glta
Comment by SupremeNed on Jul 19, 2022 8:19am
All i know this company won t go under during up coming recession. A lot of them will. They just need to reach profitability now. good luck
Comment by Expos44 on Jul 19, 2022 8:32am
For me to disagree would be wrong.  Everyone is influenced positively or not.  My position is that announcing new contracts/partnerships is better than silence/none.  As far as retension of paying clients will surely flucuate, I would think that through this fluctuation the numbers will continually edge forward.  As I mentioned in a previous post, history will influence ...more  
Comment by theinvestor22 on Jul 19, 2022 8:40am
Interesting how different people take something different away from the same data set.  After the company's reset, it started announcing contracts in large numbers beginning in mid calendar 2019, but nothing much showed up in revenue.  Ditto for calendar 2020.  Ditto for H1 of calendar 2021.  However, for the past 3 quarters, all that has changed.  Just look at the ...more  
Comment by ol_griz on Jul 19, 2022 11:29am
Exactly my feelings.  I don't think there's any question that Lisa has some BAD qualities re: her responsibility to shareholders and she simply does not seem to learn the lesson.  That said, it seems pretty clear on the tech side of things she is moving the company forward.  As the onboarding has begun, the question appears to me to be only one of time and I think it is ...more  
Comment by mercedesman on Jul 19, 2022 11:48am
Without a deep dive, I suspect that you are correct. Started a position here.  Like the technical support zone.  The general markets might beat it up as a small cap in a bear market, but if they can weather the storm, out-sized gainis to be had eventually.  Always a good move to accumulate survivors and long term thrivers in a down market while they are on sale.. Also like:  ...more  
Comment by theinvestor22 on Jul 19, 2022 12:55pm
Yup, I actually took a look at cash a couple of days ago.  As of March 31st, on the plus side, there's $890k cash/near cash + $641k from options exercised and $16k from warrants exercised after March 31st + $57k in warrants likely to be exercised by June 30th + $7.62M in receivables for which collections are increasing.  On the other side, there is accounts payable of $1.8M. Since ...more  
Comment by mercedesman on Jul 19, 2022 2:18pm
thx investor22 Helpful I like the Clinical Trial patient monitoring as well.  That should be guarantteed revenues. Like I said, well positioned for the future, unless a bigger player takes them out. MM
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