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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

Reliq Health Technologies Inc > A bit more on collections...
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Post by theinvestor22 on Aug 01, 2023 10:39am

A bit more on collections...

While I've made it clear I wanted more numbers around collections, I did catch these two quotes from the webinar which at least provide some colour:
 
"We've made great strides on the trade receivables for 2023 and, over the last few weeks even, we did see significant improvements in collections."  [Keep in mind that trade receivables were $2.9M at the end of fQ3.]
 
"...to our smaller clients' credit they have made significant improvements and we do expect that certainly by the time we file the audited annual financials at the end of October that everyone across the board will be fully caught up in all of their payments."  [Forgetting about the future part of that statement, it's the bit about having made "significant improvements" that caught my eye.]
 
It's hard to make any kind of reasonable estimate based on these statements, but it does appear progress, while slow, is being made.  We might just see something material in Q4 collections when the statements are published.
Comment by EdinColorado on Aug 01, 2023 12:12pm
Well, the fact we are holding back at the semipermanent baseline of .51 today shows people have faith in the potential. After the past two s--tshow webinarss that destroyed both confidence in management and portfolios, I feel we are lucky to be back at baseline.
Comment by Lifeboat1 on Aug 01, 2023 12:25pm
Edincolorado - How is a stock that is flat from a year ago, down 20% from 2 years ago and up 2x from 3 years ago a portfolio killer.  There have been many exit points above $1.00 for anyone who does not believe in the Company.  The Reliq performance is in contrast to most of their peer who are at 52 week lows and many at all time lows.
Comment by EdinColorado on Aug 02, 2023 4:12am
Look at the SP the day of every earnings announcement and it quickly flushes gains profuced by uncontrolled optimism down the toilet of reality.   It's not for me to tell you what performance you are satisfied with. But it is the worst-performing stock in my portfolio, and in my case it has been a portfolio destroyer. I'm giving this one until the end of the year to deliver on ...more  
Comment by Mitch43 on Aug 02, 2023 7:20am
Investing in Reliq at this juncture is a Chronic disease of penny flippers well documented.... or a big rock fell on your head when you were still a child. Ask yourself as to why Warren Buffet nor Elon Musk would never be a shareholder... I rest my case!!!
Comment by Peggy123 on Aug 02, 2023 8:40am
What a dunbazz thing to say. I rest my case  OMG  Papi
Comment by Lifeboat1 on Aug 02, 2023 8:54am
Dumbest comment yet by Mitch
Comment by qwerty22 on Aug 02, 2023 11:21am
Don't know how many Canadian companies either of them are invested in, not many I guess. That means based on your "logic" most Canadian companies aren't worth investing in. But look you've got your strat, invest in what Buffet is invested in. All you have to do is follow it, bye bye!  
Comment by Tropicalsun on Aug 02, 2023 11:54am
Mitchy boy, your fan base continues to grow on this bullboard. I suspect that at some point in your childhood you were deprived of oxygen for quite sometime. Your posts are comical at times, I will give you that much. LOL, Buffet or Musk investing in a microcap no name, because they don't have to. Now get back on your oxygen before you pass out, atleast 12 litres per hour. Okay Mitchy boy ...more  
Comment by Lifeboat1 on Aug 02, 2023 10:18am
I have been in this stock since 2019 and add regularly and it is one of my better performing stocks.  I am not a market timer and generally invest for the long term so I am not worried anout short term swings.  It has been on an upward trajectory since 2019 with swings up and down.  I see the upside as still much better than any other higher risk investment out there.  Everyone ...more  
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