Sunday, October 21, 2018 3:06:35 AM
Here is a new article that mimics my thoughts, then: https://grey-swan.com/2018/10/17/reliq-health-part-1-bad-vital-signs/
I think the author didn't dig deep enough to find what I was saying about stock ownership by key employees (I don't know about today - not tracking Reliq these days very closely).
Today the PPS is lower and the company growing mainly its SG&A (and Shares outstanding - 10X(!) over 3 years.
Revenues are dropping year over year if anything (and to add insult to injury are not coming on time). a ~16% gross revenue (!) in a tech company is a plain disaster - they sell data, don't they?
The bright side is they have lots of cash on the balance sheet, but unless they prove they can stop burning massive amounts of cash this cash will evaporate too and dilution will rise still (Reliq has a proven record of issuing stock when the price is depressed and dilution is at its peak).
Do the work, and don't get sucked in by analysts on TV who earn off commission selling you stock. This could have been avoided. I hope everyone sold off at the peak.
Recent RQHTF News
- Another Day, Another Healthcare Stock Finding Success • AllPennyStocks.com • 12/13/2023 06:40:00 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM