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RHT.v -.01 to C$1.50 Bought in

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Bobwins Member Level  Thursday, 05/31/18 04:20:27 PM
Re: Sam Dan post# 18
Post # of 58 
RHT.v -.01 to C$1.50 Bought in yesterday and today. Have been watching Reliq and noticed the huge fall in share price over the past few months. My avg is C$1.45. Guessing it was investors selling stock and holding warrants from past raises.

Listened to conference call today. CEO can talk nonstop but information seems good. Delays in onboarding probably means qtr ending 6/30 will be similar to Q3 ending 3/31. Revs will be about 1.8 million but hopefully they won't grant another $3+million in options!!!! and get closer to breakeven. Said they were keeping guidance for calendar year 12/18 so expecting new equipment coming in June AND new help in setting up new clients to accelerate new clients onboarding thru year end.

Mentioned new, bigger sales staff and new prospects in Texas as well as other jurisdictions. Says margins will remain very high near 80%.

Said no further stock issuance needed this year unless they find a compelling acquisition. Had C$13million from last raise at 3/31/18. Spent some of that on big order for equipment that they will recover as new patients are onboarded.

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