Reliq Health Technologies Inc V.RHT.H

"Impressive Progress"

[theinvestor22]

Maybe I missed it, but did anyone highlight this portion of the latest NR:  "...to provide an update on the impressive progress the business made in FY 2023."  I have no idea what "impressive progress" will turn out to be, but it probably won't be obfuscation, distraction, failure or catastrophe.  We shall see soon enough...

[lscfa]

year-over-year revenue growth is not impressive when compared to the $1 billion/yr in contracts announced. quarter-over-quarter recurring SAAS revenue sucks. Dec 2022 qtr to Mar 2023 quarter showed a crummy increase of < 400 patients.

[Humanist]

I stopped counting.. its thee same all the time. i am still hoping & waiting to see something substantive & different soon. it's becoming like a broken record, i know when you used to get a lot of flack on the board about your posting factual numbers ...and saying the ocmpany is not giving  us the real numbers, well you were right all along iscfa

[theinvestor22]

I think qwerty22 said it best on June 30th: "The business model is neither broken nor firing on all cylinders."  I think we all know what the issues are and are looking for progress on the update.  I wasn't expecting big SaaS growth in fQ3 because, with a limited staff, the push for collections would redirect some resources.  Once collections have been normalized, that

[theinvestor22]

There is a piece of advice I once received - from where I can't remember - that when things go well, celebrate.  When things don't go as well as expected, analyze.  That let's you enjoy your positive emotions when you make good bucks on something, but it prevents your negative emotions from ruling you when you don't.  So, there's no room for anger, bitterness

[qwerty22]

A couple of things. I was struck by the "impressive progress" quote from Lisa too. But I expect it will land better with new eyes rather than jaded pre-existing investors. It could be just more of what we understand as the same old thing. Which if you take investor22's perspective is continued growth or if you take Iscfa's approach is still just a failure to close the gap

[Ducksoup000001]

Thanks for your careful writing with a heart on my Saturday morning. Since day one the doctor's commitment to the SaaS platform is an unknown although Reliq presumably think it will go well. But they never talk about in detail as it is not exactly under their control. It all boded down to what and how the contracts were written in legitimate form that binds both parties's responsibilities

[theinvestor22]

qwerty, your post is quite rational, we just don't know if it's true.  Have you thought about sending it to IR in the format of a question so that they can answer either now or during the webinar?

[EdinColorado]

Thank you, Querty22, for a very thoughtful post. In summay it indicates difficulties not anticipated in the unique business model conceptualized years ago. However, if these were fatal flaws, I doubt the company could have survived this long through major challenges like COVID, attempted theft of intellectual property, and predatory shorting.  The company and us, we're stll here and

[Efnjesuschrist]

She has used those words before in the news release, but use other negative words during the webinar. A couple webinars ago she used the words " learning curve ". These words caused severe damage in 2018. The last webinar she seems to suggest that the stock would stay low for a share buyback. Lisa is a genius and I don't think she can make a mistake.  So why did she say those

[HobbyInvestor1]

f the cash flow is positive and the collections are coming along like they were supposed to (1m/mth) the share buy back may be in the cards in the next few months..

[Efnjesuschrist]

None of that is relevant because we really don't know how things are suppose to come along. Hype and disappoint. Btw, who are they buying shares back from? You can't squeeze a share out of shareholders. The way it looks, company has been issuing shares to institutional investors because they couldn't buy on the exchanges. 

[theinvestor22]

There's plenty of shares being traded to start a buy back.  Start modestly and take advantage of volume when it arises.  It's not necessary to purchase a lot (or anything for that matter) on any given day or week.  Also, the company can't just issue shares to institutions unless they're converting derivatives, like warrants.  There's a process for issuing

[SISBOOMBAH]

You are right, building up a healthy cash balance should take priority.  Buying back shares is a waste of money.  Money is needed to hire personal for the onboarding and collection processes and to carry out research and development.

[Efnjesuschrist]

There is nothing for sale. The only way reliq can buy back shares is if they come from Bruce Campbell or another institutional investor and I doubt that will happen. With shares being equally distributed amongst funds, I can see more target prices and I really can't see them giving the shares back to reliq even if they were free. 

[theinvestor22]

I'm not sure what your post is talking about.  Are you thinking that Reliq can only buy shares from institutions?

[theinvestor22]

I've been having the same thought.  It might be better to build up some cash before starting the buybacks, but still it is possible.

[HobbyInvestor1]

The reason I've mentioned the share buy back is because they would kill few birds with one stone. First of, the SP is now low and it would be a good deal to purchase at this price. Second, that would increase their EPS and subsequently raise the SP. Thirdly, it would boost investor's confidence in the company and might even propell the SP yo the point where the NASDAQ listing might become

[Efnjesuschrist]

No way in hell there's a share buyback, but these fund managers probably still have a 4 month cooling off period so the stock stays flat. Interesting enough, the cooling off period ends at the same time that q4 is released. So webinar should be consistent with previous ones. Hey, I understand why you don't want to talk about this. 

[Eoj123]

You are way out of your league and have absolutely no idea what you are talking about. But please, chatter on 

[theinvestor22]

You seem to think institutions/fund managers are somehow involved with share buy backs.  Generally speaking, share buybacks are accomplished via market purchases over the exchange.  Institutions can be involved if they want to sell, but they're not relevant to the process.  That's why I'm asking you why you seem to think they're involved.

[Efnjesuschrist]

Not at all. You completely misinterpreted what I said. I'm saying that the extra shares look like they were sod to fund managers. 

[theinvestor22]

So, you're saying the company probably sold shares directly to institutions and the buy back would be from those institutions, which wouldn't be able to sell for a while because of minimum hold requirements? If that's the case, please note that any direct sale to an institution would be a material transaction which would have to be reported to the market.  Since there has been

[Efnjesuschrist]

I have no idea how you come up with that. What I'm saying is if these institutional investors couldn't buy shares  on the market, there is no way reliq can. I'm also saying, because almost all investors here are institutional, institutional  investors would have to be the sellers and no way in the world they would. Now let make this understood. There is absolutely no

[Eoj123]

Probably the silliest discussion on stockhouse

[Tropicalsun]

Sorry but I am also not seeing your logic here, What makes you think that institutional boys, the pro's if you will couldn't buy shares? I do not know off hand what the publically traded float is for RHT, but my guess is that it's quite large. A typical scenario would have a certain brokerage firm running the NCIB for the company, there is a daily precentage of shares that can be

[EdinColorado]

What might be helpful is reflecting on what distinguishes "buying back" from "buying."

[theinvestor22]

Tropical and Eoj nailed it.  Silly discussion, really.  And, no problem buying back shares in the market for Reliq, if they eventually can and want to, just like thousands of other small and large companies do.  The public float has gotta be somewhere north of 180,000,000 shares, 90%+ of which would be in the hands of retail investors. There are very few institutions involved with