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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 > Stance from new Management
View:
Post by Trident6116 on Dec 14, 2023 8:22pm

Stance from new Management

I think the resignation as CEO from LC will serve the company in the long-term. However, there is no denying her passion and vision for the company but I think she lost the support of the shareholders by not being up front with her guidance that was never hit (not even close), the changing of metrics around success (i.e.#onboarding), lack of transparent and untruthfullness, then ultimately the cash raise which was a complete shambles.  I understand that projections are just that but they should also be relatively close unless something disasterous happens. 

I dont think people would even mind the cash raise, but what people do want is TRUTH. If the company is only going to hit $20 million revenue and then say it, if they need more cash then say it, if they are having troubles with A/R say it....you get my point. 

Now what we need is someone to come out of the gates as the new CEO and be truthful. What are the three priorities onboarding, collections and financial reporting. The reason why the stock jumped up a bit is that in the absence of any information many thought this company wasnt even a going concern. Just be honest please and give shareholders some credit and allow us to be your champions if you allow us to be. 

Good luck to all.
Comment by lscfa on Dec 14, 2023 9:58pm
Chris Shields is part of the Lisa Crossley culture so I don't expect things to change until a permanent CEO, hired from outside the co, is hired.
Comment by Trident6116 on Dec 14, 2023 10:52pm
Agreed...I think the temporary Mgmt has to steady the ship and frankly reassure shareholders that the company is prepared to take on the future and make an impact in 2024 including getting the financials out now and in the future.  The new CEO must action the three priorties as stated.  Thank you. 
Comment by Upsdowns on Dec 16, 2023 5:54am
Lisa did what lisa had to do. She steered the ship through very choppy waters and now the new ceo will have smooth sailing ahead. This is a venture exchange company and at times things feel like the wild,wild west, but if you don't do your dd you might have a tendency to blame someone else instead of yourself. Glta
Comment by theinvestor22 on Dec 16, 2023 10:00am
There have been lots of issues here and stumbles too, but also lots of successes, including software breadth/efficacy, great industry connections, many and bigger contracts, plus revenue growth. Sometimes, these bulletin boards remind me of an ex-boyfriend stalking his ex-girlfriend, telling everyone she's to blame but all the time wanting her back. Yes, Upsdowns, investment decisions are ...more  
Comment by Tropicalsun on Dec 16, 2023 12:53pm
Read your post, first you say exboyfriend, then exgirlfriend, which is it? Doesn't matter poor analogy in my opinion. You could have just stuck to the investment choices and taking responsibility. Not many will do that, because it is always human nature to blame someone else when things go wrong. 
Comment by theinvestor22 on Dec 16, 2023 3:54pm
Sorry you didn't like my post, Tropicalsun, but it was exactly what I wanted to say and I'm reasonably happy with it.  Here is one definition of obsess(ion): "preoccupy or fill the mind of (someone) continually, intrusively, and to a troubling extent."  I think that pretty much covers my opinion of those here who don't own the stock, yet follow every company ...more  
Comment by aaaaaargh on Dec 16, 2023 4:32pm
I am curious.   What is your definition of someone who has been wrong about something for 5-6 years straight, spends all of his time defending management incompetence, and goes onto bullboards to bash people who don't agree with him instead of talking about the subject matter of the bullboard, and has a love in with a stalker narcissist who starts every conversation with a ...more  
Comment by Eoj123 on Dec 16, 2023 4:56pm
Patient 
Comment by theinvestor22 on Dec 17, 2023 9:41am
Nice reply, Eoj123.  I was going to say "actual shareholder", but yours was better. And, it's nice to hear from aaaaaarg every year or two (that whole "ignore" thing gets in the way of a great relationship).  And, yes, I am in love with a condescending stalker narcissist.  I had no idea you'd met my girlfriend.  She prefers to think of her as ...more  
Comment by teeswater on Dec 17, 2023 9:54am
Well said I22, some don't realize how "old and stale" their continuous sarcasm is.  Lots of projection from Aaaaaargh, he really needs to do some deep self reflection and soul searching. Such an unhappy person who's only outlet is on a public BB....sad really
Comment by Tropicalsun on Dec 17, 2023 10:50am
Some don't realize how old and stale their continued support for a failing CEO is, only to criticize and attack those posters with a different view point.
Comment by Bucketshop on Dec 17, 2023 12:55pm
Or you can be one of the NEW and Fresh with your continous beatig the drum of a marginal company that virtually eveyone is holding at a loss!! your posts will not make a difference, markets dictate and they are not impressed as seen by the low stock price!!
Comment by Tropicalsun on Dec 16, 2023 12:45pm
Wow!!! are you kidding me. Lisa helped create the choppy waters, with untruths, multiple missteps, fantasy numbers. Smooth sailing ahead, LOL, Bahahahahaha.  Get off the weed buddy, your brain cells are taking a serious hit.
Comment by Upsdowns on Dec 16, 2023 6:27pm
Lol, here let me respond but first I'll have a drag of my weed. No one's perfect but she did an outstanding job contracting clients, to the point that reliq will have onboarded over 400 000 patients by the end of this year. Livongo was bought for 18 billion with half of those patients. Big money on the horizon which explains why you're a shareholder.  Glta and please feel free to ...more  
Comment by Tropicalsun on Dec 17, 2023 10:29am
It's not a personal attack Upsdowns, It's just that I do not share your opinion when it comes to former CEO Lisa. She resigned for a reason, the news release was very clear. Those of you that want to spin it another go ahead. At the end of the day I invested in this company to make money in a timely fashion. Lisa had to go, many agree and some not so much. I believe there is still that ...more  
Comment by theinvestor22 on Dec 18, 2023 9:36am
Some actual balance in the comments lately - at least from posters I don't have on ignore.  My own opinion is that, notwithstanding her inexcusable penchant for overstatement and her lack of commitment to collections for a considerable period of time (some but not all of which was understandable), she was a necessary ingredient for the success the company has had to date - software ...more  
Comment by Bucketshop on Dec 18, 2023 10:04am
It would be an absolute HONOUR to be put on ignore by this clown. His continued useless posts and obvious losses on this dog are humerous and dangerous. He must not be able to read a stock quote...as this has been a disaster for years!! Keep hopoing and dont worry about what anyone else does!!!
Comment by Lifeboat1 on Dec 18, 2023 3:05pm
Buckethead -  If you are long and believe the story and the Company all you have lost is on paper with a nice 10x potential in the future as long as you got in under $1. If you never believed the story or lost faith in the Company there have been plenty of exit points over that long period of time where most investors would have lost less than 50% and most would have made money.  If you ...more  
Comment by Bucketshop on Dec 18, 2023 3:10pm
Actually its more tiring listening to all the pumping of an obvious pig that is wallowing at its year low and cant provide financial statement!!
Comment by EdinColorado on Dec 18, 2023 11:15am
Seems like a pretty good assessment. Neither the company nor its investors would exist now without what she did. She likely burned herself out doing it. Someone else taking the shift in the wheelhouse is good for everyone. And she is a shareholder too.  
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