Reliq Health Technologies Inc (RQHTF)

[DeepDive]

Happy to see Reliq performing, for a little long position.

Seems like they finally managed to turn a pilot into an order that that is a massive show of approval by clients, further validating the platform.

Reliq still suffers from SERIOUS Corporate issues I discussed in prior posts without any sign of improvement.

In addition, Reliq financial condition is precipitous and much more dilution is coming before shareholders are rewarded (possibly the reason why our CEO is carefully keeping HER own money elsewhere than invested on Reliq Equity:

Curren liabilities - -1.42 M
Current Assets - 0.374
A deficit of over 1 M dollar.

plus:
S&M -0.22M
G&A - 1.03
R&D - 0.46
Operating -1.72

Well over 2 M D loss per annum.

At 70% Gross - you need about 3 M$ per Annum to BE, and that is before expense expansion comes when some revenues show up (bank on it).

These type of numbers usually translate into massive selling pressure on the stock.

Wait and see how our Hero CEO does another PP at 7 cents (she already did one and diluted the hell out of shareholders who were too starry-eyed to realize what she did (that is the controlling shareholders who brought her aboard and pay her salary).

They need to really scale up sales fast, mHealth is a HOT sector, and they do not yet have any competitive advantage that is not easily breached.

Dilution is coming and with it the inevitable stock drop.

a good trading pattern will be to sell here and wait for the stressed out funding to pummel the stock way lower before buying again.

Stay safe.