Reliq Health Technologies Inc V.RHT.H

Working capital at Aug 31 $16.3 million

[lscfa]

Here's my guess on how co. got there....

 

 

		April to August	April to August	April to August
	At Mar 31/23	$10 mil equip sales	Non-current to current long term receivables	Cash from operations?	At Aug 31/23
Current long term receivables	12,389,351	10,000,000			22,389,351
+ Other current assets	3,897,422			3,770,023	7,667,445
- Current liabilities	8,756,796	5,000,000		0	13,756,796
= Working capital	7,529,977	5,000,000		3,770,023	16,300,000
Non current long term receivables	5,901,360	5,000,000	-5,901,360		5,000,000

[lscfa]

Corrected table...       April to August April to August April to August     At Mar 31/23 $10 mil equip sales Non-current to current long term receivables Cash from

[lscfa]

Reliq may have had over $4 million in cash at Aug 31. due to reducing trade receivables and positive cash flow from operations. Crossley failed to disclose this in offering document and chose to disclose vague working capital number instead. Sleazebag move.