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Reliq Health Technologies Inc (CE)

Reliq Health Technologies Inc (CE) (RQHTF)

0.0001
0.00
(0.00%)
Closed December 05 4:00PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
0.0001
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.000001 52 Week Range 0.291
Previous Close
0.0001
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
31,824
Financial Volume
-
VWAP
-

RQHTF Latest News

Another Day, Another Healthcare Stock Finding Success

It seems like all we’ve been seeing recently is the complete domination of healthcare stocks in the small and micro cap space. Today has been no exception, especially when I To read the full...

The Tangential Opportunities of the Cannabis Industry

New York, New York (NetworkNewsWire) – The cannabis industry is heating up. More than half of the 50 states in the U.S. have now legalized marijuana for medicinal or recreational use, and several...

Venue Change

Tue, Nov 19, 2013 12:00 - Golden Virtue Resources Inc. (FLNTF: Grey Market) - Venue Change - The symbol, FLNTF, no longer trades on OTC Link. As of Tue, Nov 19, 2013, FLNTF trades on Grey Market...

Golden Virtue Resources Inc. (FLNTD: OTC Link) | Symbol Change

Thu, Nov 08, 2012 12:00 - Golden Virtue Resources Inc. (FLNTD: OTC Link) - Symbol Change - The symbol, FLNTD, is no longer a valid symbol for Golden Virtue Resources Inc.. As of Thu, Nov 08...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
19.9E-599001.0E-60.00011.0E-642359.883E-5CS
49.9E-599001.0E-60.0151.0E-6363670.00043123CS
12000.00010.0151.0E-6318240.00031515CS
26-0.1099-99.90909090910.110.1651.0E-6402930.05480899CS
52-0.2664-99.96247654780.26650.2911.0E-6582980.11627324CS
156-0.8781-99.98861307220.87820.9741.0E-6751790.41937928CS
260-0.4288-99.97668454190.42891.03441.0E-61157170.49685441CS

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RQHTF Discussion

View Posts
toastturtle toastturtle 2 months ago
The info on the link is pulled from sedar/sedi directly. It took me a bit to figure out the symbol change hid the information but that site, CEO, was a hornets' nest of comments about it so I kept at it until I figured it out. I still have not worked out why the sedi/sedar systems are so unfriendly for users and think they have actually gotten worse with the changes last year. I find using the CEO data, which is accurate, is significantly easier than the parent site. It is there too, it just takes a lot longer than it should to be able to pull it up.

If we are to take the calming tone from TheMoneyNarrative, it isn't as dark as it seems on the surface. Regardless of the outcome, all Reliq shareholders should be angry at how things have been handled over the last year. With some level of forthcoming information, the negative voices would at least have a counterbalance. I am tired of communicating with the company and having everything they have indicated proven inaccurate every single time. I expect issues, I expect delays and definitely expect that timelines change. With all of that, I expect a company to meet its obligations. I have considered my investment with the company lost for at least 6 months now. I broke my rules on Reliq and over-committed and I have been paying for it since. I know I am not the only one. It would be nice to know it wasn't the biggest mistake of my life trusting Lisa and Chris.

Just for reference, Sedi is the site for insider filings although is terrible to use. Sedar Plus is for all other filings.

Sedi link: https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA (Not sure it will open with the data populated or not. Never share the links from here and it doesn't seem to have identifier data.)
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StockItOut StockItOut 2 months ago
Yeah, that's problematic. I did search Sedar Plus but these CEO sales did not come up, hence I inquired to your hinting post. Thanks for link, though not Sedar either.
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toastturtle toastturtle 2 months ago
It is public information, you can look it up on Sedi but I will save you time. https://ceo.ca/api/sedi?symbol=rht&amount=&transaction=&insider=

Interesting point of note.... She reported purchases but no sales. That information was used to garner support for the company while people made decisions on if they could recover or not. I personally bought over 200,000 shares during that period and as my past comments will indicate, her buying more shares was a positive consideration in those purchases. I have zero doubts there will be fallout from this.

There are over 70 transactions reported that were not within the 5 day legal requirement. All reported on Thursday Sept 19th, 2024. All the transactions are from 2023.
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StockItOut StockItOut 2 months ago
To what news or info source references specific to this new bad timing information?

As for bets, I'd say owning shares is the bet.
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toastturtle toastturtle 2 months ago
So the former CEO sold around 2 million shares in 2023 and only reported purchases, not sales... Any bets if shareholders lose everything less anything recovered by future litigation? This company has a very small chance of survival now IMO. The timing of this could not be worse. Chris, if you are paying attention, Now is the time for total disclosure. If there is a plan to be current and trading, get it done as that is the only way you can turn sentiment. This assumes the product and everything you have been working on for the last year works and there is a business plan that can do what we invested in the company for.
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StockItOut StockItOut 3 months ago
So customer/patient base has increased 33% or more. Therefore revenues will be up even if all patients not onboarded. And they expanded into mental health. And large health group has expanded its contract (and patients). New iUGO system with much greater functionality to meet greater provider and patient needs and CMS eligible billability. Current performance also is basis of assessment. I'm attempting to focus on the truth parts of the half truth total. If you want to hear from Chris, call the company. Let us know your discoveries. What is the inaccurate info from Chris in the past 8 months?
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toastturtle toastturtle 3 months ago
The company's onboard has never been an issue. They were over 100k onboard at the end of 2022. Problem has always been the number that qualified for payment which has never been properly managed. With the plan they had, over 200k by June 2023 and should be close to 300k now with more than 500K in the patient pipeline. None of that matters if they haven't executed and devoid of any relevant information, past performance is what we have to judge them on. Especially since the company has constantly operated on half-truths and incomplete information more than a political campaign would. I just can not take anything stated at face value unless I hear it from Chris directly. That said, Chris has, over the last 8 months continued the trend of not providing accurate information. Weeks not months is one we have all heard. I want it to be great and work out but we don't live in a fairy tale land where that generally happens. We have a few weeks to see. For the 2024 report to be on time, they will need to have the other one out as well as all subsequent ones before Nov, 1st. Personally, I am betting it does not happen. That's not the outcome I want, it is the outcome that their past dictates will happen.
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StockItOut StockItOut 3 months ago
They stated still onboarding new clients and patients. No mention they currently are $100M revenue company, as this would be insider info before released via financials. Generally though, as a $100M rev company it seems poised to become... is how it was meant. Balance that with what I did say and was told that they are working to become and are (as before) close to becoming profitable.

Yes, I considered that $5K month not a ton of money, though it helps bottom line.

Keep in mind a new iUGO software version has been developed and is soon to be released. Old (current) version to be used to example their product, previously held from release for competitive reasons. Canadian contracted software development team (labor costs) has been eliminated, to rely on remaining Canadian in-house employees and their Costa Rican software team.

But, at $30M a year revenue, and that an audit likely costs about .42% of revenue, and round up, that's about $125K to $150K per audit year. Cost of audit loosely based on this: https://www.ifac.org/_flysystem/azure-private/publications/files/IFAC-Audit-Fees-Survey-2022.pdf Cost of audits seems doable to pay.

And they have relayed they actually intend to release the 2024 Audited annual report on time by Oct. 31st, 2024. Which means the 2023 audited annual report will be (expected to be) released prior.

Plus an intended company update monthly is currently intended, which further suggests wheels have begun to move and roll.

.
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toastturtle toastturtle 3 months ago
You have to ask yourself a few questions. If the company was in the shape they are saying they are in, why would they need to save 5k a month only to have to rent a new office soon? $5k is a cheap office. We pay 12K for 200 sq feet in Vancouver. 30M would be about right to be break even and not have cash in the bank especially since they had raised 6m. If they were even close to 100m they would be netting 30M and not need cash. They are not being transparent with you. IMO
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StockItOut StockItOut 3 months ago
You can call the company. Leave a message and request IR. Call again and leave msg if no return call. They will call you back and take time to speak with you. Curious what you will discover doing so.

Inquiry was made about if "paying the auditors" was an issue, to which response was that the auditors ongoing and additional requests for substantiation of 'Subsequent Events' has been the current hold-up on the audited financials release. Granted, this may have been an evasive response to issue of available cash to actually pay the auditors, yet at the same time a reason was provided and not stated as inability to pay auditors, but as requirements to substantiate additional current Subsequent Events that (as you likely generally know) must be included when filed even for past financial years and quarters.

Just over breakeven suggests cash flow enough to have funds to pay auditors, or acquire shorter term loan to pay auditors. How much does an audit cost, are you familiar? Can vary, of course.

Seems you're suggesting current company annual revenues of about $30,000,000 per year ($2.5M per month).
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toastturtle toastturtle 3 months ago
While I understand where you are coming from, if you can speak with Chris directly, ask specific questions. I think the answers you receive to what he will disclose will re-frame your perspective. If they were approaching profitability that would indicate 100M in revenue their income would be far above operational needs and paying the auditors would not be an issue. I expect they are still under 2.5 gross revenue per month putting them just over break even and explains why they would have burned through the 6M raised and be in the situation. Happy to be wrong here, if not this will be my biggest loss in 25 years. I broke my rules on this one. Never again.
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StockItOut StockItOut 3 months ago
Current reason for continued 2023 financials release delays is auditor's requirements for company submissions regarding and for additional 'subsequent events.'

Your narrative is primarily the same complaints as have existed.

As for CEO communication, agree Crossley was quite good in that communication-to-shareholders respect, though negated to inform other important relevant operations information, like collectables. Yet new CEO was dealt with quite a lot all at once upon previous CEO Crossley quitting for health reasons, years'-prior company mngt related to personally enriching financial arrangements, cease trade order, taking on new CEO position, undue KPMG influence and manipulation that has led to very long and current delay in the completion and the release of Reliq financials and thus the resulting CTO,

Over the past 5 years the company has grown and developed and become more efficient impressively. Their software developers have developed a more streamlined and iUGO platform with much greater functionality and use, in greater number of customer utilization opportunities in patient healthcare needs and treatment outcomes, as the company has learned from itself and its customers.

As for the $RQHTF stock price 'getting back', let's see the company financials, expected in the short term. I think Reliq Health is likely to move much higher in stock price quite readily.

Reliq Health seems wildly under valued to me, when and where trading on the U.S. OTC less that a month ago, at a very low $0.04 to $0.06. A 7X to 10X rebound to the RQHTF trading base U.S. price of $0.35 to $0.42, and previous to that $0.60s and $0.80s seems highly probable, if the financials as expected upon release show a Reliq Health to be a solid operation, as near-profitable, and as a $100M revenue company.

Good luck.

.
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toastturtle toastturtle 3 months ago
Cutting 5K a month is reasonable. Generally, you forward your mail so it doesn't pile up inside the door but if that is accurate then it is reasonable. The financial updates have been weeks not months for a year so I won't extend any faith in that timeline until they meet it. Best case scenario is they can trade in December based on their timeline as it will take 30 days for the exchange and BCSC to reinstate them. If they do come back they will be on the Canadian exchange with value and volumes are so high the trade leaders can be under $5k in total trades. Point is, it will probably take a year or more for this to recover if they do what they have said. Which to date, they have never done. Intentions have a funny way of not working out with Reliq. Time will tell, but to date, Chris hasn't proven any more transparent than we saw with Lisa. Arguably worse as she was more available for comment. It isn't like they haven't had over 5 years to work this stuff out. (Assuming you consider the relaunch in 2019 the start of the current cycle.)
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StockItOut StockItOut 3 months ago
They terminated their office lease that was set until 2029, and didn't exit soon enough for replacement leasers, hence the posted eviction notice. Company eliminated unnecessary $5K month office lease expenditure, though they will be opening another. They continue to drive as they intend to profitability.

They expect to release 2024 fiscal year Annual Report on time by October 31st. This means they expect to release 2023 Annual Report and the Quarterlies before Oct. 31st. 2025 Quarterly report expects to be released on time by November 30th.

They intend to issue a company update via monthly webinar.

Company continues operations, with continued new clients and revenue generating patient onboarding.
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toastturtle toastturtle 3 months ago
Most of what they said was repeated from before they were suspended. Their minimum duty is to keep shareholders informed and file their reports on time. Something they have not been able or willing to do. I have doubts that they are in the position they stated simply because they have left no credible alternative. The rumours about the Office and Ontario staff are from multiple sources but not from the company, so it could be just sour grapes but it is also current information we don't have from the company. I have been a hard supporter of the company for over 5 years. Without disclosing my sources, I can't highlight the credibility of my information, so feel free to assume I know nothing. Best case, we trade in December IMO. Information from Chris gives me no reason to believe otherwise especially since the information he chose to provide is the spin they want people to believe. It certainly isn't the entire story and didn't address any of their challenges. It was more that everything is progressing and while that is true, it also doesn't provide any transparency to where they are or what they need to do. The complete omission of details should be a flag. Although to be fair, no one can trade it anyway.
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StockItOut StockItOut 3 months ago
Seems a positive the company posted a webinar update at all.

I found it and listened, thank you.

As to no one getting paid, that is hearsay, and not in the webinar.

They claim that they expect the Annual 2024 filing to be filed on time, end of October. For Q1 2025 Quarterly filed end of November, and prior 2023 financials soon. And then trading to resume.

Eviction notice on door of office...you have evidence of this?

Seems likelihood of trading again is much much higher than your dour 50/50 conclusion.

The company is well operational, and still growing, they say.

.
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toastturtle toastturtle 3 months ago
The Webinar was the update. Auditor demands to get paid. Who would loan Reliq cash right now? Their office in Ontario has an eviction notice on the door. People who worked there haven't been paid in months. Chris has been a part of the operation since 2018. Does anyone actually think he could turn the ship?

We all thought the would be generating cash now. Realistically, if they were actually moving to profitability they shouldn't have needed that cash in October. Past profits were all creative accounting with Dilution being the main reason they did not fold. This company is beyond frustrating in that they can't seem to get their shit in order on a product that has great profitability. I suspect they keep delaying so when the new billing options come into effect, they can collect some fees on most of their clients but until then, they still need patient adherence and they have not solved that or they would be fine.

None of it matters though. we can't trade it. I give it a 50/50 chance of ever trading again. If it does, and they haven't shown progress we will be lucky to get 20% of our cost back unless we have faith and will wait a few more years to see if they can get it done. I don't know what the failure is. The business plan looks solid so either they are not properly managing the different elements or worse, just assumed people would do it without a lot of prompting. It also assumes people want to use the service. I would, but I know others who absolutely wouldn't be bothered to.

My loss here will be over 150K. I want them to get their shit in order but it does not look like that will happen. Tired of giving them the benefit of the doubt against all evidence to the contrary.
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StockItOut StockItOut 3 months ago
What update?

Word I received that auditor demands were holding audits from completion.

How have you heard that they don't have cash to pay the auditors?

Why not get a loan?

Putting all cash in operations? Got the previous impression that by now they'd be generating decent revenues with consistently growing numbers of provider patients onboarding to their platform. And no cash to pay the auditor? Maybe, surprising, ...dubious?
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toastturtle toastturtle 3 months ago
To be fair, if the audit from 2023 is done as I suspect it has been for a while, if the only reason to talk to the auditors is to pay the bill, then there really isn't any reason for the CEO to have a conversation. The shutting of the Canadian office isn't surprising since they don't have Canadian operations so to cut cash this seems prudent. There is a lot of potentially positive things but no one knows it because the information is so sparse. Doesn't matter anymore in the least since we are all trapped until they get the CTO lifted. Time will tell if they do it. I hope they do. I have never seen a company with so much potential just completely wasted through what appears to be incompetence. (Appears because we don't know enough to even make that judgment but the lack of financial reports sure looks like that.
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toastturtle toastturtle 3 months ago
They have been dragging their feet so long even the OTC pushed them off. If we believe their update, we will see the late financial reports by the end of October but that is based on them being forthcoming which they don't have a record of. In private conversations, I understand they don't have the money to pay for the audit and keep putting all available cash into operations which could be good but is also a terrible way to operate. You always have wants and requirements. Paying the auditor shouldn't be a want but clearly, if my info is accurate, they made it one. Time will tell but right now, 50/50 if they don't go bankrupt before trading again. Wish I had more faith but the ongoing delays show systemic issues. I have also been told that Chris has never spoken to the auditors and just relies on the consultants to manage that. If the CTO gets lifted, Chris is one of the first things that should go. He clearly doesn't understand that the CEO needs to ensure things get done. Especially in a growing company.
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StockItOut StockItOut 3 months ago
Looks like RQHTF stopped trading last Friday, Aug.16th 1st day of no market.
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StockItOut StockItOut 4 months ago
why would you want a class action lawsuit?
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quaffer quaffer 4 months ago
not very optimistic at this point. investor relations doesn't even respond to inquiries. Is there still a Head Office in Hamilton any more? If they cared about their shareholders they would issue an update. Is there any possibility of a class action suit?
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StockItOut StockItOut 4 months ago
Looking forward. I've been buying.
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toastturtle toastturtle 5 months ago
$RQHTF Keep hearing form several contacts that the company is close to being able to announce their webinars and release the financial reports. Time will tell if this is real since we have repeatedly heard this over the last several months. The whole weeks not months has proven to be BS all along so who knows. All that said, due to the absolute lack of direct communication from the company, rumor is all we have. I am hopeful since they are still operating that we will see positive news soon. GL all. Hope they finally get this done.
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toastturtle toastturtle 6 months ago
Take this as info from an outsider but my understanding is the company is doing well. Their main issue is communication between them and their Canadian auditor being clear on what they need to provide to clear the audit that has had them halted in Canada. It will be resolved shortly and when done we will see a year's worth of numbers in a few weeks. I half expect the company to fire KPMG and move forward with another firm which they definitely will do after this but they are still trying to work with KPMG to get it done. The company has a number of options to move forward regardless and now that they are managing the adherence things should be much improved from what we know. Additionally, there was a story about making changes to RPM billing requirements reducing the number of readings from 15 a month to 2. That change would make almost every patient on the system billable in future, and while that is only in committee currently it seems like a positive move to incentivize a much faster adoption of these systems and provide funding to really make a difference in remote patient monitoring.
https://blog.prevounce.com/rpm-expansion-bill-sent-to-committee
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rocketschoice rocketschoice 7 months ago
Today they announced an expansion of a large current account. Seems to me that would not happen if the account had not done some due diligence concerning the survival of Reliq as a going concern.
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starboy starboy 9 months ago
Reliq Health Technologies, Inc. Announces Expansion of Mental Health Services
February 27, 2024
https://finance.yahoo.com/news/reliq-health-technologies-inc-announces-225800419.html
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StockItOut StockItOut 11 months ago
You say, "Sounds like everything is done but the Auditors." How do you know or conclude so? They missed the latest twice announced Jan. 12th date for release of the annual report and quarterly five days after. Soon the Cease Trade Order will be a delisting affecting all shareholders and if that occurs this stock will sell off and really drop lower.
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toastturtle toastturtle 11 months ago
Sounds like everything is done but the Auditors do not have the resources to approve it at the moment. Hopefully they will update everyone on when we will see the report. This delay and halt is not building any confidence in the company.
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StockItOut StockItOut 11 months ago
So is the annual report being released today, or not again?
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toastturtle toastturtle 1 year ago
TBH, as of this morning, I now hold 86K. I have taken just over 100k in losses since becoming a shareholder. I may actually sell the rest since I think it is going down another 20% in the next 10 days. I will be buying back in but not until the dust settles. I know they are good company and can get it done but at the same time they clearly do not understand the stock market. Add to that, I have significant trust issues with their AR collections and their IR at this time. Time will tell.
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StockItOut StockItOut 1 year ago
Yeah, wondered about account receivables as well. I prefer to not jump to conclusions and wait to hear from the company. As for Crossley a doctor so go soft, no, she's been running lots of companies as CEO, but does seem to like scams.

In terms of needing cash, let's see, you may be correct on ACs not wrapping up as collected as was conveyed.

And well, hey, 200k is a nice bundle. You get in in pennies?

There was a huge block buyer recently as reason for the recent market maker take down to the mid 0.20s that popped back to $0.30s usd right after. But stock price back there now.

.
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toastturtle toastturtle 1 year ago
I am very disappointed too but I do think this will be what is needed to rapidly ramp up the Skilled Nursing Facilities and get it where it needs to be. My one issue is it makes the Collections statements seem like utter BS. We have 30 days to the Financial and we will all see how it looks. this Year end Finacancial probably is going to be very week but I do expect the November 1st quarter will be the one that shows collections improvements as that is from July to September. I hate to go to the CEO being a doctor and not a Business/Finance person but I think that is exactly the issue right now. She is building the business in the most logical way and that does not always work well with maintaining and growing a market cap. Personally, I am a buyer in a week when we see how hard it gets hammered with people selling. I think there will be some people giving up here. Long term though. Still looks like a monster with massive potential. Still sitting on 200k shares so maybe I can add to it. GL.
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StockItOut StockItOut 1 year ago
Why a private-placement with all those new contracts that generate revenue?

Maybe a private placement of 10 million shares, plus 10 million warrants (at $.52), that's 20M newly added shares, will help with the the company's share buyback program? LOL, not funny,
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StockItOut StockItOut 1 year ago
Reliq announces 10M unit private placement for $.40 cad.
https://finance.yahoo.com/news/reliq-health-technologies-inc-announces-034600369.html
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toastturtle toastturtle 1 year ago
The timing of Reliq getting to where it is now has been disappointing and I doubt anyone would disagree with that. There was a big disconnect between seeing patients being on the system to being compliant that no one really saw. With the substantial AR they have been banking, they should have been profitable long before now but as a shareholder, none of us understood the terms that allowed AR to get over 20 Million and had it been payable things would have resulted in very different results. Not that they don't still have a lot of work to do on getting the patients on the system adherent so that they can be billed. A big part of the breakdown was trusting clinics to manage the patients but the company has addressed that. With all of the positive changes that we have heard about, I have no idea how to quantify their upcoming financial reports. All I can do is look at the potential as they realize the contracts and get people more and more adherent so that they can collect on the billings.

I still expect some low numbers in October with significant improvement in November. What that will look like in Q3 in May is what I am focused on now. Assuming the company can get adherence close to the 70% at year end, we will see a much larger AR for that period as at this time the company should be well over 200k people on the system and at $50 a person that should be 7 million a month billable. Considering they should have had 200k on by July, I hope my number is low. Company came clean on their issues and challenges in January so 10 months ago was a completely different picture. I still believe this gets to 1B market cap and gets bought out but the timeframe has been pushed 18 months to 2 years out while they address the challenges. Still likely a 10x for those who can wait.

All this said, the last two news releases were huge and show that the faith in the company was not poorly placed. Time will tell of course but for Maxim, I assume they, like myself have realized that the delay between operations and billing is basically 6 to 9 month minimum lag so they built themselves a buffer. As I see it, although most of the big stuff is done by an automatic upload, training the people takes some extra time. They all know it works but habits need to be made for Reliq to bill for it and habits take 6-8 weeks usually. So figure a month or two of not using devices properly. Then a month or two of automated daily reminders and some phone conversations until the average patient can be billed. Then add three months. Best case we are 6 month behind on billing from first contact. I assume 9 months and I think Maxim would have to as well.
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StockItOut StockItOut 1 year ago
Maybe, and also 10 months ago you stated, "This is shaping up for a massive rally through now to 2024," yet we've seen a trading range, and just recently the market makers took this way down to $0.27s for some big time big block purchaser (a positive signal). There's something odd about this stock. There's the lawsuit, and Crosely was CEO back then when we shareholders expected all the customers' patients onboarding and big revenue increases that did not materialize as projected.

I agree though that Reliq Health is growing, and increasing revenues fast. Wonder why the Maxim target is so low?
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toastturtle toastturtle 1 year ago
$RQHTF is showing life here. We are 45 days from seeing what should be the best financial report in company history regardless of collecting outstanding AR which the company has said they have been making progress on. This financial will show improvements in their client base improving their use of the system which directly equates to higher revenues. The last few news releases were low in announced numbers but for anyone who read the details closely, they are the biggest developments in company history with absolutely huge long term potential. Two financial reports before December should push this up over a buck again and start the run to uplisting on the Nasdaq IMO so I hope you all got the shares you want now. When it get going it should move fast. Anything under 40 cents is a gift. I hope people take it.
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toastturtle toastturtle 1 year ago
Sorry for the late reply, I find IHUB generally quiet so I spend most days on Reddit and Discord so don't check IHUB often. Reliq won't be doing any fund raising to uplist or for their ongoing operations. They haven't wanted to do any capital raises for a while and probably have had a lot less exposure due to it. Everyone wants to do a placement with them and promote as a side deal and Reliq simply is not interested in it. They seem to have rounded the corner to profitability, have about 21M in account receivables which they are collecting and we will likely have an update in a couple weeks. They have planned a webinar to update shareholders this month but the date is being held until they can tie it to an announcement that is coming. (According to the US IR) If this accurate, I expect a significant customer announcement shortly followed by the webinar which hopefully will let us know how much of the AR has been collected. Basically a couple big catalysts in a couple weeks. The last update said they were collecting about 1 Million of the AR a month and that rate was accelerating. They also said they expected to have most of it collected by end of the year. With an annual operating cost around 12 million they should have a good run to the end of the year and into 2024. No need to raise cash and lots in the bank for share buy backs which they have talked about. For me this is a long term hold. Been holding since 2019 and don't plan to sell now that it is getting to the good part. It has swung pretty consistently for a while with it going from 36 to 47 quarterly so it is an easy short term trade for 25% if you are so inclined. I have been expecting it to take off so I generally just buy on the dips and add to the position.
In short, the story here is likely better than most see. As of now there are 8 funds that have a position which is a good sign. The WSJ has them listed if you want to take a look.
https://www.wsj.com/market-data/quotes/CA/XTSX/RHT/company-people?fbclid=IwAR20C8T9eRscYRnAh_lH3j2Saqmfcu2Tpx3gz_esC0Waaj4_9sW_K8LjZhQ
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StockItOut StockItOut 1 year ago
It's happening!

But is that who they're using for funding? That bodes less favorably.
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StockItOut StockItOut 1 year ago
Hey, thanks for the reply. Regarding CEO, she ain't foolin' around.

$456,770.60 invested in her company with her own money.

That's serious.

.
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toastturtle toastturtle 1 year ago
Maxim Group LLC provides 12 month Price target for $RQHTF. $1.75 CDN.

https://cdn-ceo-ca.s3.amazonaws.com/1i93u3s-Maxim%20Research%20Report%20-%20RHT_230620_100850.pdf
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toastturtle toastturtle 1 year ago
Between the latest acquisition and April 1st, 2022, the CEO has spent $456,770.60 on shares. Most at market but there was one purchase of 200k share from Options at $1.12 a share (That was the April 1st 2022 purchase.) Other than that all other shares were bought in the market at prices between 0.48 and 0.55. (On the Canadian Exchange.)

Sorry for the late reply. I don't check IHUB often.
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StockItOut StockItOut 1 year ago
How much has she spent to acquire her shares?
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toastturtle toastturtle 1 year ago
$RQHTF Insider and CEO Lisa Crossley has purchased another 40,000 shares in the market. This increases her holdings to 3,255,443 total shares.
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toastturtle toastturtle 2 years ago
This is a nice looking contract with some significant long term potential. 10K patients to start with a pool up to 1M. Have to assume 15-30% have chronic conditions that could be addressed. The revenue pool just keeps growing. Cash positive financial expected in a couple weeks and super strong year end in November. This is going to go way higher by end of the year IMO.
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starboy starboy 2 years ago
Reliq Health Technologies, Inc. Announces New Contract with a Large US Health Plan
Reliq Health Technologies Inc.
Tue, May 16, 2023 at 12:01 AM PDT

https://finance.yahoo.com/news/reliq-health-technologies-inc-announces-070100883.html
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toastturtle toastturtle 2 years ago
$RQHTF is looking good. Canadian chart looks like it is ready to break out. Less than 30 days to what should be the first of many cash positive Financial reports.

News last week is now on a pitch video, Link below.
http://www.investmentpitch.com/video/1_engwezr5/Reliq-Health-Technologies-enters-Arkansas-signs-5-contracts-in-4-states-adds-3000-patients-to-its-iUGO-platform-
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toastturtle toastturtle 2 years ago
$RQHTF Hearing some rumours that Reliq may have some yet unannounced promotion coming in the next little while. I don't normally post rumour but it did make me curious since it is related to $HCNWF. Seems unlikely to me as I don't think Reliq needs any promotion over the next few months to make significant gains but time will tell. Anyone else hearing anything? Webinar happening on Wednesday so I expect we will know by then. Good luck longs...
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