Reliq Health Technologies Inc V.RHT.H

Summary of offering

[lscfa]

Use of proceeds:    

New hires in Care Management $2,500,000       

Contract software development $2,000,000

[lscfa]

Does not give a time period but is typically the next 12 months. Cost of sales = $8,900,000.  If margin is 70% then revenue in next 12 months => $30 million

[lscfa]

Working capital at latest month end is $16,300,000.  This is up from $7.5 million at March 31 but I suspect it is mostly due to hardware order getting filled.     At Mar 31/23 $10 mil equip sales Other At Aug 31/23 Current assets 16,286,773

[lscfa]

Co. does not explain what the $5.2 million from possible warrants exercised will be used for. I'm sure co. wants/needs this cash too.