Reliq Health Technologies Inc V.RHT.H

Stealth financing continues

[lscfa]

Co. is still circumventing PP rules of TSXV and issuing options to consultants who turn around and exercise them soon after. In effect these so called consultants are investors who are avoiding the 4 month hold rule of PPS.

 

13. SUBSEQUENT EVENTS

Subsequent to December 31, 2022, the Company:

 

- Issued 2,838,000 common shares on the exercise of 2,838,000 stock options for gross proceeds of $1,560,900; [exercise price $0.55] and

- Granted 3,550,000 options to consultants of the Company with an exercise price of $0.55 and expiring on January 20, 2028.

 

 

13. SUBSEQUENT EVENTS

Subsequent to September 30, 2022, the Company:

 

- Granted 800,000 options to consultants of the Company with an exercise price of $0.56 and expiring on October 4, 2027. [none outstanding at Dec 31/22]

[lscfa]

$2 million raised recently by stealth. I suspect this is to finance the purchase of devices for the $15 million order to be completed by June 30/23

[marlinbait]

This post has been removed in accordance with Community Policy

[SupremeNed]

That s why along some other readons the SP is not budging

[lscfa]

$15 million of device orders requires about $7.5 million of capital to purchase the equip. assuming Reliq gets 100% markup ( or 50% gross margin).

[lscfa]

expect the issuance of another 10 million shares at $0.50 through stealth options to "consultants" to fund the device orders. => diluted shares at 222 million

[RottenRonnie7]

Yeah, sad state here now, absolutely no cash to pay for anythin, keep the smoke & mirror' clown show mgmt reality road show goin, hopin for what??? With some proper mgmt mighta bin different, sad really but stock will not go higher until this mgmt gone, may be too late then. RR

[lscfa]

    Qtr ending Qtr ending Fiscal year ending   Dec 22 Sept 22 Jun 22 device rev - returns 2,390,707 2,049,566 5,812,291  

[lscfa]

Mgmt lied again. See 1st bullet point on slide....