Reliq Health Technologies Inc V.RHT.H

Reply from Bruce as i said id do

[Peggy123]

Had a good conversation with Chris Sheilds from RHT today.

 

Things are moving along nicely.  

 

Sounds like half the hardware has been invoiced the other half will be invoiced before year end.

 

The capital raise they did was to accelerate growth in some bigger clients.  He said that tacks on around $20 million by the end of next year to their revenue and potentially more if these large clients choose to ramp up implementation faster.  

 

All in all it sounds like things were on track.  I get the sense the year end numbers are not going to be amazing but will see consistent growth.

 

Have a great weekend.

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[lscfa]

Sounds like another bloody delay.... The July update said 60% of $15 million hardware order was shipped by June 30 and the other 40% would be done by Sept 30. Now it's Dec 31.

[Reggie1]

"The capital raise they did was to accelerate growth in some bigger clients.  He said that tacks on around $20 million by the end of next year to their revenue and potentially more if these large clients choose to ramp up implementation faster." Its all about turning recieveables. Will that ever be 60 days? Will it ever be 90 days? And can you believe them when they tell you

[Lifeboat1]

Reggie1 - clearly you haven't been listening to the Company or reading their financials.  Just as Reliq gave longer payment terms to their customers, their suppliers did the same thing.  About half of AR is allocated to AP so it can't be used for growth and another portion is long term AR so it isn't due for over 1 year.   My estimation is that over the next year, 50

[Reggie1]

Even your explainations do not make sense.  If they knew that half of AP was attributable to AR then the finance guy would have said ....look in about 1.5 years people are going to be saying we are completely incompitent on stock message boards. We cannot do this.  Cause they would have known there was a cashflow problem.  Its not sustainable.  And when exactly did you hear

[Lifeboat1]

Reggie1 - Based on your posts you do not really understand the healthcare market or small tech companies in general.  Of course Siemens and GE finance their equipment.  You would have to be seriously naive if you thought doctor's office bought equipment in full up front.  Some may get their own financing and I assume down the road the larger clients will do that so they aren'

[Reggie1]

Look 360 day terms is not sustainable.  Call me whatever you want. What you see in the share price reflects that.  That is the companies problem. They have now said they have this financing to bridge that problem. Cause its the problem right. Cashflow. Hopefully we can all agree on that or if not then I am sure not what you folks are calling me.  As you are clearly seeing 12 to

[Reggie1]

And to add. All this growth. And now the money fund said growth and the share price is where?  You have to check in to reality eventually.....re the share price.  Its simply does not add up to anyone with a large amount of money or fund etc.  And that is why its how this company is run is the second main problem.  FIrst problem is they are not making enough money. Why

[Mitch43]

FYI, The CO "vision" is all make believe...made out of lie/misinformation/ smoke and mirrors Reliq health technologies was originally( in 2016) a pump and dump CO set up by the 2 Thindal brothers and associates (google them) masquerading as an Health CO. The thindals know zip and cannot care less about health care , so they bought the controlling shares of a health CO, Modesta, changed

[Mitch43]

as a follow up for those who want to do their own DD... BCSC sets hearing dates for alleged $46 million pump and dump stock scheme - Aldergrove Star

[Lifeboat1]

Mitch - It's hilarious you talk about doing DD when you post an old article that is outdated that doesn't even say when the hearing.  I did 1 Google search and found it.  If you spent more time doing actual DD than ranting and raving incorrect conspiracy theories maybe you would understand what you invest in. For those interested in the facts here is the hearing info https

[Mitch43]

Eat your words... the link to the webpage I provided  for anyone willing to do their own DD isn't old, it's current like yours but with more details about the whole 2018 Pump and dump case... here it is again for you to peruse: BCSC sets hearing dates for alleged $46 million pump and dump stock scheme - Aldergrove Star Also in case you didn't notice the content of my last post

[Lifeboat1]

Mitch - You can't even get basic facts correct.  The Company before Reliq was Moseda not Modesta.  The Company has never restated revenue and was never "penalized" for such. The actual facts are the Company's clients had ineligible patients on the platform and were unable to bill for them.  The Company moved that booked revenue to bad debt which both the TSX and

[Mitch43]

Yep, just like your "ornforer"  I realized too late "modesta" was a typo ( I typed it right in previous posts), which changes nothing to my post as it is supported by the follow up  link I provided about it for some  details to help whoever is interested to start their own DD....details which I personally ignore, since I am not a lawyer who worked on the case