Reliq Health Technologies Inc V.RHT.H

I call BS.

[cpac]

“The Company’s business has evolved and grown considerably since our FY 2021 audit, and as a result the audit process has been more complex and time-consuming than either Reliq or our auditors had originally anticipated,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies.

No, no it really hasn't.  Other than a longer client list, there's really no major differences in the company's financial reporting items vs a year ago - you can see that in the quarterly results.  It's not like they've launched into a different vertical or made some acquisition in a different business area or something.  This is a weak excuse.  

[mjh9413]

Yes, I'd put it down to the limits of the Audit Committee (Crossley and the other 'old' hack) and surely further disagreemnet with Auditor on some aspect of the 'inventory' matter and probably other deficiencies related to receivables and/o\r payable.. But who knows when they run the comapny as their fiefdom and let investors know very little of their financial affairs even as

[3burtc]

I couldn't agree more. Btw what could have they learned this morning that they didn't know on Friday? Nothing.

[qwerty22]

The angel on my left shoulder says If you give them the benefit of the doubt it could just be that they had an expectation to resolve the outstanding issues right up until late Friday but it's very odd they still put out the webinar announcement Friday lunch time. That would just mean they ran out of time. The devil on my right think they a bunch of $@#*¥§. The only saving grace

[Motownwing]

Financial audits by major accounting firms are usually uneventful and on schedule. Two exceptions: (1) accounting records are a mess and proper documentation is not ready or available; (2) major disagreement on accounting assumptions with auditor unwilling to sign-off. Based on the fact that they scheduled a call last Friday, my guess is that the audit is completed but that they are dealing with

[3burtc]

They also forgot to mention that Bruce Campbell presently doesn't own reliq lol. Maybe they'll put in investment pitch media lol.

[EdinColorado]

Arrived home by air late last night and decided not to rise to watch the webinar at 6 a.m. From the posts I read, I gather that there was no webinar as promised??? Stock currently down nearly 7% in the states--back to its past status of portfolio destroyer.  Stockhouse showing down less than 2% in Canada on pretty high volume. One thing the market in the U.S. hates is ambiguity and any hint

[qwerty22]

I wouldn't consider the CAN vol high (<$150,000 worth traded). I also don't think CAN is more tolerant to ambiguity/deceit. The market is mostly ignoring this. I don't think it should but it is.

[EdinColorado]

  You might not consider today's volume high, but when 250,000 shares had traded early in the day, EVERY major brokerage house called "this above" average for the day when the trading day was less than half over. I suspect that 99% of "the market" doesn't even know about this stock. We need to look at the existing stockholders focused on this thinly-traded

[qwerty22]

"Above-average" for a "thinly traded stock" can certainly not be "high vol".

[Gangsterme]

They can monitor health on an ongoing basis but can not monitor vital info on company even after 120 days? Maybe they can develop IGNow for small companies.

[lscfa]

Reliq has made things more complex with its business model. Not billing clients until patients are educated and compliant, lag effects of reimbursement from Medicare, bundling equipment and services into one monthly fee, etc.

[lscfa]

I seem to recall Lisa saying in a recent interview that the auditors contact every single client that has a contract for verification. Maybe some of these clinicians are dragging their azz in getting back to KPMG.  

[lscfa]

Go to minute 13:25..... https://m.youtube.com/watch?v=ekpOeudKQzU&feature=youtu.be      

[SupremeNed]

People guessing a lot here is the problem. How about we see the results before going off rails lol

[EdinColorado]

  Not arguing at any "guess" or conjecture of financial results. The FACT is that the operatives of the company placed ALL stockholders on a schedule for an early Monday morning webinar meeting and then never notified a one of us on the weekend when they surely had deccided to cancel this meeting. There's no "guessing" there. The action showed disrespect to all

[Tuco110]

I hope I'm wrong here but this really stinks of something bad. Another class action that they haven't told us? A securities investigation? The auditors found something illegal? The office coffee machine broke down and the auditors fell asleep?

[pete1961]

it stinks bad big time and TOTALLY disrespectful of thier shareholders i am betting the results to come ''evenually'' will undoubtedly be as bad,reliq a french word meaning ''remains'' look it up , that says it all , haha

[qwerty22]

I don't think weekend news is the right way to do this. You can't lodge it with SEDAR for a start. There are rules, this isn't a private arrangement between clients.It was Friday evening or Monday morning.

[qwerty22]

I thought about this also. It might be true, it would explain why they waited until after the deadline passed to announce the delay if they had the hope these partners would come through in time. But it's such a simple and calming explanation you would think she would explain it if this was the only outstanding issue. The tone of the PR was this would be resolved quickly but they didn't

[vitalina2233]

i keep saying go back to his response to me last Friday   it's out of their hands  Papi