CPTMatt Thursday, 02/22/18 07:11:31 PM Re: Bobwins post# 7 Post # of 58 Hi Bobwins I follow you so I saw your post here and took a look. I was actually a CFO/COO of a small company that is a competitor. The "community care" space is a landmine field. What I saw is tons of customers with cashflow problems & difficulty making payments, bankruptcies (A/R writedowns), etc. The medicare rules on discharges creates an opportunity for companies like this to reduce re-admissions and thus provide value to hospitals. That said we still had difficulty with some larger organizations paying on time. The home healthcare industry is also rife with fraud against .gov entitlements which until this changes creates headwinds for these sorts of companies to get on a gov't gravy train (eg favorable legislation regarding reimbursement schemes for telehealth) & creates A/R risk for customers that get shut down by Medicare. Devices that collect & transmit health information (eg weight, blood pressure, O2, etc) fall under FDA regulation as medical devices. Many operators in this space are relatively new and haven't registered with the FDA (not sure if Reliq is or isn't) but that's something to take a look at if you have this on your watch list. I think it is only a matter of time before the FDA compliant companies start to rat out their non-compliant competitors. 80% GM is possible if the revenue is largely recurring revenue and particularly if Reliq devices capitalize on home WIFI where available. The space has plenty of competitors to include some big/well capitalized companies. I haven't looked deep enough to know if Reliq has some special sauce that is going to disrupt the space but if they don't than this is trading at a ridiculously high valuation.