Comment by
Tuffstuff on Apr 19, 2024 11:34am
Wow, makes sense. Seems like so many things to point at that sent this company into a spiral.
Comment by
EdinColorado on Apr 22, 2024 2:46pm
Contrary to a lot of posts currently on this Bullboard, you seem to be citing evidence and data that RELIQ isn't collapsing or going bankrupt. Is my impression correct?
Comment by
lscfa on Apr 22, 2024 3:26pm
Correct. Crossley said the co. had institutions wanting to invest for the last 9 months prior to when the financing was done. When she knew the fins would hit the fan she finally caved and did the financing. Having those funds during this cease trade is what is helping the co. survive. No bankruptcy.
Comment by
EdinColorado on Apr 22, 2024 8:41pm
Thanks! If your assessment turns out to be right, kudos. If it turns out to be wrong, no blame. Few companies have made it harder to assess how they are really doing with some daylight. Of all the contributors here, you seem to try the hardest to get it right and back up what you say with substance and no sugar coating.
Comment by
lscfa on Apr 23, 2024 12:02am
The other item where accounts payable may be an issue is the subcontracting of care management to Cognizant. It probably sees Reliq having trouble collecting from clients and wants some assurance it will get paid for services provided to Reliq.