Reliq Health Technologies Inc V.RHT.H

Maxim must be miffed

[lscfa]

Maxim issues a research report in June and then gets shut out of the current financing and commissions. ...More convinced than ever that PI Financial approached Reliq with hedge funds already lined up and bloody mgmt could not resist a quick raise.

[lscfa]

hypothetical phone convo:    PI Financial : Hey Lisa, we have institutional clients that want in. How about doing a financing?   Crossley: I can’t. I told shareholders no new financings.   PI Financial: Just tell them it is growth capital. Co. wants to accelerate expansion.   Crossley: I guess that’s feasible. I can use the recent large contract

[francoisl13]

Maxim might be part of the financing, they were just not leading it. They also clearly state in their report that they are on the 'sell-side' which means that they make market recommendations. On another note, PI Financial ar eon a buying spree on the 'other' exchanges....

[francoisl13]

Well, just noticed that PI Financial are also buying quite a lot on the TSX-V exchanges...

[Reggie1]

They are now the Market Maker and taking the commissions. 

[lscfa]

From the June 20, 2023 Maxim report: "Maxim Group expects to receive or intends to seek compensation for investment banking services from Reliq Health Technologies Inc. in the next 3.months."

[francoisl13]

Good catch lscfa, I didn't see that part....like I said, it doesn't mean Maxim wasn't part of the latest financing, PI Financial was leading the charge but Maxim could have been involved as well.

[lscfa]

Read the NR, the whole commission went to PI Financial.

[Upsdowns]

I'm starting to worry about you Iscfa, are you ok?