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HAMILTON, Ontario, April 18, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHTOTC:RQHTF) (“Reliq” or the “Company“), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, is aware of a report issued on April 14, 2022 by a known short seller. This report contains defamatory, misleading and demonstrably false statements and conspiracy theories, which the Company believes were intended to negatively impact its share price for the financial benefit of short sellers.
The short position on the Company increased substantially in the weeks leading up to the distribution of the spurious report, with over 5 Million shares currently shorted. While the Company acknowledges the role of short selling in creating balance in the public markets, it strongly condemns the unscrupulous practice of “short and distort” campaigns in which short sellers intentionally publish false and misleading claims to needlessly alarm investors and manipulate the market for their own profit.
“Reliq is one of countless public companies who have been targeted by short selling firms employing deceptive practices to generate profits for short sellers at the expense of shareholders and to the detriment of the integrity of the public markets,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “We encourage investors to do their own due diligence on their investments, and to question the intent and reliability of reports that include disclaimers indicating that the authors stand to realize significant gains by shorting the stock in question, that the statements made in the report represent their opinions and not established facts, or that make no representations as to the accuracy of the information presented. As disclosed in our …
Full story available on Benzinga.com
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