Reliq Health Technologies (RHT – TSX.v)

Position opened: Private placement on November 06 2015, total average cost of $0.200 CAD

Position closed: Last sale on November 27 2017, total average proceeds of $0.640 CAD

Hold period: 2.06 years

Rates of return: 220% (simple) and 75.9% (annualized)

Sometimes private placements actually work out, and this was one of those instances. Those of you that have visited here before know that Reliq was a company that I eventually regarded as overvalued, which factored into my decision to sell in Q4 of 2017. While I did miss a good part of the (further) run up in price, I also wasn’t around for the debacle that occurred once Reliq announced it had to restate earnings. After that announcement, the shares fell precipitously.