What I don't like about reliq health technologies inc. $RHT.V - 2017 version.
1. Lisa makes a point of NOT Building an equity position, and only buying the least amount when pressured. She says options give her exposure, carefully avoiding mentioning the protect her downside.
2. The Technical Brains carefully hide from talking to investors. They make a point to have ZERO ownership. They prefer cash. That's zero trust in their work.
3. The filling suggests this company's board is bigger than Google. Although I talked with Lisa, this is not solved. It means the control of this business is out of her hand.
4. I can't establish who is the decision maker in the business, as he hides himself. I guess it's the PR/Financial backer who ousted the lady CEO. They never built IMHO a real successful business. It seems Lise is their "front".
5. The share structure is a disaster. With so many shares out, shareholders will see very little upside from pilot wins. They should have a massive reverse split, take FD share count under 10 millions and then start posting revenues.
Then again, perhaps that's what they are aiming at and that's why no insider establishes position.
6. Old CEO position overhang is providing a constant selling pressure.
Otherwise, the strategy is ok and the product is interesting.
Telemedicine is HOT. they need to execute, well, fast, or be left behind.
There are many ugly hairs on this one. Don't mistake it for great company. It's still shady little micro, and the CEO doesn't want or CANT resolve it.
When she straightens up the Board, when the she buys 1% of the business herself, when she demands all Board members to be owners or replaces them, when the other 2 key tech terminals start to buy significant stock at the market, these will be the signed Lisa wants to be a businesswoman and not "for hire" CEO, puppet for the financial predator firm that gave too much money to a failing CEO and just want to pump the stock high enough to be made whole on their failed involvement.
Remember, Lisa has GREAT reasons not to own 1%. If she know this is the chance of her live, she would invest at these low prices in a heartbeat! By here actions we know she is of firm opinion she doesn't think so.
As they say: Look, don't listen!
GLTA
