Reliq Health Technologies Inc (RQHTF)

[toastturtle]

The Webinar was the update. Auditor demands to get paid. Who would loan Reliq cash right now? Their office in Ontario has an eviction notice on the door. People who worked there haven't been paid in months. Chris has been a part of the operation since 2018. Does anyone actually think he could turn the ship?

We all thought the would be generating cash now. Realistically, if they were actually moving to profitability they shouldn't have needed that cash in October. Past profits were all creative accounting with Dilution being the main reason they did not fold. This company is beyond frustrating in that they can't seem to get their shit in order on a product that has great profitability. I suspect they keep delaying so when the new billing options come into effect, they can collect some fees on most of their clients but until then, they still need patient adherence and they have not solved that or they would be fine.

None of it matters though. we can't trade it. I give it a 50/50 chance of ever trading again. If it does, and they haven't shown progress we will be lucky to get 20% of our cost back unless we have faith and will wait a few more years to see if they can get it done. I don't know what the failure is. The business plan looks solid so either they are not properly managing the different elements or worse, just assumed people would do it without a lot of prompting. It also assumes people want to use the service. I would, but I know others who absolutely wouldn't be bothered to.

My loss here will be over 150K. I want them to get their shit in order but it does not look like that will happen. Tired of giving them the benefit of the doubt against all evidence to the contrary.