Reliq Health Technologies Inc (RHT)

[Bobwins]

I just found RHT.v yesterday. Got all excited and was going to buy this morning. But I'm having a little trouble with the valuation.

Current revs are $300K/month, increasing to 1.5million/month by 12/18, assuming they can install in 24,000 homes by 12/18. Gross margins of 80%, which sounds really high.

Gross revs 30million. Let's ballpark expenses of 10million and leave a $20million net profit minus 5million in taxes = $15million divided by 150million shares= .10 eps. So it's selling for 20X forward earnings IF it achieves all it's growth goals for 2018. And it proves it can install tens of thousands of homes every year.

Plus I don't believe they achieved profitability in December. It's some "version" of profitability. At current income of 300K/month, I just don't believe it. Probably cashflow positive for the first time.

Market cap is around $300million for a company generating 3.6 million in annual sales?

I don't own any and probably won't. Congrats to anyone that bought below a buck! Woohoo!!!! Would have loved to be a significant holder with a cost basis of .20 or .30 and be holding a tenbagger. I think I just missed the boat. Good luck Bobwins