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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

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Post by theinvestor22 on Jun 01, 2023 9:17am

The dichotomy

There have been lots of head scratching moments with Reliq over the years, but that doesn't apply (for me at least) when it comes to the signing of the two recent contracts with large organizations.  Of course, some might subscribe to this idea:

Corporate CEO:  "Dammit, you corporate weenies, I don't care about your 'due diligence' whining.  If iUGO is good enough for Dr. Kumquot in Lodi, it's good enough for us!  Come on, let's take a flyer on this thing!!!"

Or, you might just pay attention to this, from Reliq:  "It is a tremendous validation of Reliq’s unique value proposition that we are able to attract these very large clients. We expect to see increasing traction with large clients through the remainder of 2023 and beyond.”

So, yes, it's either the seat-of-the-pants corporate flyer approach or it's two carefully considered due diligence decisions by big companies not interested in making a mistake.  You make the call...
Comment by Investorguy1234 on Jun 01, 2023 10:18am
I won't argue with your opinion because it is just that, an opinion. Saying that, i work in an industry that uses proprietory software for our CRM and as part of the contract with this company they are required to have all the codes for their programs held with a law firm in the case of bankrupcy, corruption, criminal activity etc. This gives clients a measure of protection in event that the ...more  
Comment by Mitch43 on Jun 01, 2023 10:32am
“It amazes me how widespread the use of EBITDA has become. People try to dress up financial statements with it.” “We won’t buy into companies where someone’s talking about EBITDA. If you look at all companies, and split them into companies that use EBITDA as a metric and those that don’t, I suspect you’ll find a lot more fraud in the former group. Look at companies like Wal-Mart, GE and ...more  
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