Reliq Health Technologies Inc V.RHT.H

Financial Reporting Excuses (something is seriously wrong)

[Trident6116]

I have had several years at producing financial reports and there is something serious going on here that we have not been told. I understand a few weeks or even a month, however, January 12th of the following year for the period ending June 30th is something that everyone should be seriously concerned about. 

They started out by saying the reason was because of the capital raise which is only part of the subsequent events and not a reason for such a lengthy delay. The last zoom call took place several weeks ago and the financials would be reported quickly. Now, it is because of Christmas....what a surprise, as that always comes on December 31st. 

I say again there is no respect for the shareholders and telling the truth is so difficult.

[lscfa]

Mgmt has never offered a profit warning ahead of a release of fins as required by regulators. They always blindside shareholders at time of fin release. I think q1,q2,q3 revenues get restated.... https://stockhouse.com/companies/bullboard/v.rht/reliq-health-technologies-inc?postid=35781258

[Differentfleas]

There is NO profit!!

[GustheGreek]

Do you really think that Lisa, along with other insiders, are so stupid that they would buy more shares months ago? I sure don't...

[Trident6116]

I am not saying they dont have a good product and I hope that it turns around. However, the fact that we are left in the dark on many things is not a good example of solid management. I have to beleive there is going to be a signifcant write off of A/R coming which is the crux of the delay. Again, I preface that because it is only my speculation and in the absence of any factual information that

[lscfa]

Crossley used the word "naive" to describe herself and the co years ago when they blundered. I think they are still naive on many things and her stock purchases were done to pump up investor confidence.   

[EdinColorado]

The only straws of hope seem to be events and people all externall to this company. Allegedly, those who invested in a private placement did due diligence based on information we investors have not received and found reason to provide the funds. Those involved in regulation did their jobs by getting some evidence that the basis for the delay was not for something "nefarious" that would

[aaaaaargh]

The buyers of the PP due diligence was a discount on the share price plus a full warrant.   They would not be given selective disclosure.  Assuming that the regulators launched some kind of investigation is hopium at best.  I'm not saying this is bad news , just keeping it real.   And lost credibility months ago?   Lol......years, and years ago.

[lscfa]

Buyers of the PP didn't need to do any dd.  They used the shares to cover shorting they did at higher prices. That's why there was no hold period on the PP.   Crossley said PI Financial approached co. with $4 million in interest. 

[EdinColorado]

As long as regulators won't regulate, they don't have a thing to worry about. Looks like Canada is taking its cues from two cartel parties in the States: "We don't regulate corporations!" Waiting to see when their Court of the Supremely Corrupt gets its hands on that Corporate Transparency Act goes into effect (?) January 4.