Reliq Health Technologies Inc (RQHTF)

[toastturtle]

Sorry for the late reply, I find IHUB generally quiet so I spend most days on Reddit and Discord so don't check IHUB often. Reliq won't be doing any fund raising to uplist or for their ongoing operations. They haven't wanted to do any capital raises for a while and probably have had a lot less exposure due to it. Everyone wants to do a placement with them and promote as a side deal and Reliq simply is not interested in it. They seem to have rounded the corner to profitability, have about 21M in account receivables which they are collecting and we will likely have an update in a couple weeks. They have planned a webinar to update shareholders this month but the date is being held until they can tie it to an announcement that is coming. (According to the US IR) If this accurate, I expect a significant customer announcement shortly followed by the webinar which hopefully will let us know how much of the AR has been collected. Basically a couple big catalysts in a couple weeks. The last update said they were collecting about 1 Million of the AR a month and that rate was accelerating. They also said they expected to have most of it collected by end of the year. With an annual operating cost around 12 million they should have a good run to the end of the year and into 2024. No need to raise cash and lots in the bank for share buy backs which they have talked about. For me this is a long term hold. Been holding since 2019 and don't plan to sell now that it is getting to the good part. It has swung pretty consistently for a while with it going from 36 to 47 quarterly so it is an easy short term trade for 25% if you are so inclined. I have been expecting it to take off so I generally just buy on the dips and add to the position.
In short, the story here is likely better than most see. As of now there are 8 funds that have a position which is a good sign. The WSJ has them listed if you want to take a look.
https://www.wsj.com/market-data/quotes/CA/XTSX/RHT/company-people?fbclid=IwAR20C8T9eRscYRnAh_lH3j2Saqmfcu2Tpx3gz_esC0Waaj4_9sW_K8LjZhQ