Reliq Health Technologies Inc (RQHTF)

[DeepDive]

a year ago or so, I wrote here investors should beware of Reliq due to various reasons (fundamental and qualitative) reasons. I was early and was able to run the pps increase before I bailed out and sold to investors who bought the hipe.

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.