Reliq Health Technologies Inc V.RHT.H

AR collection

[mingzhu]

another reason for the slight delay of Webinar is slight delay of collection of $3.8m AR

 

I expect Reliq announce it has collected all the AR by end of July instead of Jun, at least collected largerly.

[theinvestor22]

mingzhu:  for all I know, the mid July time frame might have conflicted with the CEO's vacation schedule.  But, as I've said before, I don't think collections should be a long term issue, so I'm looking for the vast majority of overdue accounts to be taken care of. Then the company can move on to making further progress on adherence and accelerating revenue growth.

[mingzhu]

Investor22, the  initial ageing receivables may turn out to be a great marketing tool. We all know when something new is coming, most of us are reluctant to believe and use it. That is why many great companies of new innovation give out their products free initially. Once people use it, and see the benefits, they will stick to it. Reliq just ask customers: use it now and pay later. I think it