Stock Room

[toastturtle]

$RQHTF is a hidden gem. Reliq Health Technologies announced today they have secured a new contract for 50k new patients to be added to their service over the next 15 months.

Reliq is a rapidly growing global healthcare technology company that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits.

Company has posted significant quarterly growth over the last 4 quarters and is now at an inflection point where their SaaS contract revenues will blow past their monthly operating expenses and the company will show both profitability and rapid growth going forward. All contracts are month subscriptions so new numbers build upon previous numbers with very little attrition. Current projections have the company expecting to have 100k patients on the service by end of 2022 and 200k on the service by end of June 2023. The company nets an average of $50 per person on the subscription so gross revenues at end of the year is roughly 5M a month with mid 2023 expected to be 10M a month. With revenues like that it will not remain a penny stock for long. Company has announced plans to uplist on to the NASDAQ as well as put profits towards share buy backs to drive investor value.

Current short position is about 4M shares currently and the CEO just bought 49,000 shares in the market in the last 2 weeks. Always a good sign when insiders are buying.

Do some research on this one. It has lots of upside and very little downside risk. The company will release their year end financial report at the end of October and the first quarter report at the end of November (It is a Canadian company so the financial dates reflect the Canadian Exchanges rules). This won't stay under the radar for long and when it starts getting traction it will go fast as the shorts have to cover.

In TA it could dip a little but long term it is on the launch pad. Good Luck.