This is the summary from Money Narrative: "Investors are very concerned while Reliq Health’s financials continue to be delayed and the Cease Trade Order remains in effect. Perfectly understandable. Is this scenario going to end in disaster? We think not, although corrective measures are being taken and positive results have certainly been considerably delayed over the years."
Translation: "Yes…We have a menu. We know you might be hungry, but the food delivery truck has been AWOL for months (not weeks) and the electricity is out in the kitchen. It's a bit like the Hotel California...You can get in, but you can never leave."
Still, we are featuring...a word salad with the nothingburger side: "I can not provide specific timing on completion of the audit but we expect to complete it shortly. While we understand that management has been stating the audit will be completed shortly for several months that has been our expectation at the time it was stated."
There is an encouraging sniff of something way back in the kitchen. Maybe they brought in a wood stove or a charcoal grill, or maybe the odor is an aerosol burger fragrance sold by Glade. But regulations forbid anyone going into the kitchen to find out. You know, we have regulations but no regulators. Still: "The Company continues to add clients, provide services and collect revenue. We add approximately a physician a week, have expanded 2 of our larger contracts added last year and are expanding into several new states which we expect to announce shortly. The business outlook continues to be excellent with leads continuing to come in primarily by referrals. We have added additional sales staff on the west coast due to high demand."
Please don't even think to ask "Where's the beef?"