Reliq Health Technologies Inc V.RHT.H

The old CEO shell game....

[ITSUP2ME]

The auditors probably found out that the company never amortized their revenues over the life span of the signed contracts...GLTA

[ITSUP2ME]

Ok "some" signed contracts....

[TimSanders]

OR they've been including all the deceased seniors in all the contracts still. That alone will cut 4 million out of the profit bin and into the debt folder. Remember you're dealing with senior citizens here on making you money, its no better then alot machines.

[ITSUP2ME]

Wow dark and deep...but interesting theory..If that's the case I guess we're in for some lawsuits...GLTA

[Bookworm28]

Their Jan 21, 2022 NR seems relevant for discussion at this particular junction, along with that short report. Unfortunately I'm out for now, at a (gag) loss, as a repeat is not out of the question with this latest delay/development.

[TimSanders]

smart and wise decision, buy back in end of jan 2023, biggest market collapse in history. You'll pay peanuts for shares with alot of stocks, including this one. I predict a nickle or under imo.

[SupremeNed]

why 4 million, why not 8?

[SupremeNed]

nice guessing

[theinvestor22]

I'm not an expert, but I think IFRS 15 requires the separation out of performance obligations under a contract and assigning the appropriate amount of revenue once each performance obligation has been met.  So, for Reliq, once they have transferred ownership of a device to a patient, they have fulfilled their performance obligation, and they should therefore report revenue accordingly and

[lscfa]

Lisa has stated in the past that contracts are 5 years but are they really contracts? Reliq commits to firm pricing but the client commits to nothing. They don't have to load one damn patient.