Reliq Health Technologies Inc V.RHT.H

You would think an NR by now would be appropiate!!!

[Whynottoday]

This company is a PR nightmare! haha

[Heyduu]

Thats more than a nightmare, nobody of this MGMT team knows how to run a company. They only know how to disrespect shareholders. 

[kusio1]

Well, all indications are they aren't running an actual business, so no surprise there. The real question is what are the regulators doing? Deadline passed and there is zero action. Our tax dollars at work - not only did they not protect investors after in 2018 it turned out what this company actually is, it is over 5 years later, deadlines passed, and they still refuse to protect investors

[Mitch43]

I'll refer you to a post from tropicalsun: If you read cautiously/properly the interim CEO notification about the release of the fins it says : ""the company expects to file by the 12th of January"... it does not say that it wil, but that it will keep investors informed....(accordingly to the regulators rules attached to the CO cease to trade orser )

[Reggie1]

From the NR Dec 27th.... "The company is now required to complete its annual filings by Jan. 12, 2024, with the interim filings being due for filing within five business days after the annual filings have been filed."

[Tropicalsun]

You would be correct, however if you continue reading further below in the same news release it says that the company expects to file by the 12th of January, and the company will update as needed. Also in the January 9th press release it says the company expects to file by the 12th of January and will provide updates as required. Nowhere have I read that any securities commision has told the

[Reggie1]

Regarding your comments and I will not debate semantics other than its pretty clear who told them Jan 12.... "the company applied for and received an extension of its MCTO by the BCSC. The company is now required to complete its annual filings by Jan. 12"  

[Tropicalsun]

Fair enough and I would agree, I guess the head scracther for me is that the company wording in the press releases that says we expect to, but implies that we might not as has been the case I guess twice now. So at the end of the day, it would appear that the securities commision is still willing to grant more time. Is this normal practice by the BCSC? I have no clue, way over my pay grade.

[Reggie1]

Again its the company culture.  They have a deadline, dictated to them by the BCSC, and they are telling the market they will "try" to fulfill that requirement to the best of their ability.  They have chosen to account for revenues without any accounting of, what if they do not pay. It was an internal issue with someone taking the position that they do not need to account for

[EdinColorado]

In the States here. Has anyone on this board contacted Canada's regulators? It seems like the person who has been allowing this to just go on and on, and there should be one signing off on the perpetual extensions, needs to be held accountable. A trade system for stocks depends on regulation and regulators. If auditors have found what people on this board are calling a "pump and dump

[Mitch43]

The canadian regulators did their job, they slapped the CO with a cease to trade order while agreing in view of reliq explanation/s to them to extend their time to do so. I do not know the details of the regulators' rules, however if The CO had transgressed any, the regulators would have put a stop to trading the stock..... therefore the CO is so far in compliance with the regulators CTO.

[GustheGreek]

Am I stupid for picking up more shares? Why does this whole situation not make any sense to me? Contracts galore, lots of upside, they ARE selling a product...

[Mitch43]

"They are selling a product" Due to the fact several posters disagree, this is debatable!

[EdinColorado]

I have similar feelings on not making any sense. All you say, plus are working with reputable cmpanies like Cognizant, generated recent private placement $$, and are undergoing an audit by I assume someone trustworthy. Yet there is only embarrassed silence and unmet reporting deadlines, which gives no sign that they understand they have any responsibilities as a publicly traded company.