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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 > MoneyNarrative post
View:
Post by politicat on Sep 28, 2023 11:57am

MoneyNarrative post

The raise certainly runs contrary to expectations, with RHT.V’s CEO having stated numerous times in the recent past that they do not need to go this route. That being said, circumstances have in fact changed, which has led to the change of plan. Unfortunately, that casts company management in a bad light from a communications perspective. What has changed is that they have been trying to get institutional investors on board. This is being achieved with the raise. In addition, recent large contracts have dramatically increased the need for the company to ramp up its staffing to be able to handle the growing demand for their services, and the increasing geographic footprint that needs to be serviced. While the announcement is a bit of a surprise and will certainly serve to cap the stock price closer to $0.40 in the short term, we view the announcement as positive in the medium and long term, removing pressure to pay service providers with options. Some large prospective clients look at the financial strength of their partners, and RHT.V has addressed this concern both from the perspective of cash on hand and participation of institutional investors. Don’t sweat the short-term pain; this may be a sweet deal for the new investors, but a necessary step in the company’s evolution.
Comment by lscfa on Sep 28, 2023 12:03pm
Investors will now be more cyclical of contract announcements as new clients will mean more revenues as well as more costs.
Comment by lscfa on Sep 28, 2023 12:04pm
Cynical, not cyclical 
Comment by EdinColorado on Sep 28, 2023 12:29pm
I wonder why Stockhouse can't  produce an editing option like every other social interaction platform has? Looks like they are wedded to late- 1990s technology.
Comment by Lifeboat1 on Sep 28, 2023 12:25pm
Wow that is an amazing business revelation.  Adding new business is not free.
Comment by Peggy123 on Sep 28, 2023 12:37pm
Very well stated. IR response to me earlier explains some of the reason. It will rise
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