Reliance Global Group Inc (RELI)

[_fatty_]

Ezra should just resign. That will be the best move on his part and perhaps save the company. He has a lot of shares, if successful he’ll make a fortune. I can smell the lawsuits hitting soon. Should just move aside and let a competent person take over. He’ll benefit either way of company is successful

[BullMarket34]

Ezra couldn’t keep the stock out of penny land even with a ruthless RS. What a loser!

Nice sweet spot bozo

GFYS Ezra

[mark5050]

Yes, thank you. Best wishes BB.
Ben is great.
:)

[MrBaseball]

boker tov DAY 27

[BigBrains22]

That was great bro. I'm not familiar with Ben Shapiro but that was golden lol

Hope you're doing good bud :)

[shanak10]

https://twitter.com/FollowReliance

[FarmerJohn]

So predictable.

[mark5050]

[MrBaseball]

DAY 26

[BullMarket34]

If he’s not willing to step down, then he needs to be fired. IMO his ego simply will not allow him to willingly resign. Ezra doesn’t live in the same reality that you and I do. He has his own little world he lives. He’s not well IMO.

[_fatty_]

I don't think it's necessary to fire him. I think he is exhausted and needs a break. Before he gives himself a heart attack, he should resign as CEO and stay on as Chairman. Barra can get promoted to CEO and Ezra can take it easy on himself and chill out. This will also give him opportunity to blame the failure on someone else, like Barra.

[Dr PennyStock]

That would be the best decision. And I am sure the market would respond very positively.

[BullMarket34]

The plan they submit should be to fire the CEO

[mark5050]

Good to hear from you.

[Dr PennyStock]

You are right. I was thinking about a case of a NYSE company that received a deficiency notice, and was given 30 days to come up with a plan to regain compliance.

[mark5050]

guten nacht

[mark5050]

If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a
deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with
the applicable requirements.
Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be
available. A company listed on the Nasdaq Capital Market may be eligible for an additional 180-day compliance period if it meets the
market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except
for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the
second 180-day compliance period, by effecting a reverse stock split if necessary.
Similarly, if a company listed on the Nasdaq Global Select Market or Global Market company is unable to comply with the bid price
requirement prior to the expiration of its 180-day compliance period, it may transfer to the Nasdaq Capital Market, so as to take advantage
of the additional compliance period offered on that market. Such a company must meet the $1 million market value of publicly held
shares requirement for continued listing, and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price
requirement), and provide written notice that it intends to regain compliance with the bid price requirement during the second 180-day
compliance period, by effecting a reverse stock split if necessary. If a company does not provide written notice of its intent to cure the
deficiency, or if it does not appear to Nasdaq that it is possible for the company to cure the deficiency, the company will not be eligible for
the second compliance period.
A Nasdaq Global or Global Select Market company that is in the Hearings Process for the minimum $1.00 bid price requirement can
submit a transfer application ONLY if it meets the continued listing requirement for market value of publicly held shares and all other initial
listing criteria (except initial bid price) for the Capital Market. If the application is approved, the company's securities will be transferred to
the Capital Market. The company will be granted the balance of the second 180-day compliance period to resolve its $1.00 bid price
deficiency.

[Dr PennyStock]

Yes, they have 180 days, and possibly anoter 180 days, but, for that they need to tell the SEC what is the plan to regain compliance, in the next 5 days. If no plan, it goes back to OTC next week.

So almost sure they will tell the SEC that the company will regain compliance through a RS.

[mark5050]

Amen.

[QaB2i]

This is shaping up to be quite interesting. Although most are seeing an RS or a delist, I see neither. There’s plenty of time to dance with NASDAQ and save a listing. Ezra has some talented guys around him. Consolidation in the previously over priced space is beginning to occur. Deals previously unaffordable are becoming discounted. Whoever is bouncing this stock off the buck either has loads to sell or is going to become the bidder.
I’ll round trip .70’s to 90’s all day long and twice on Sundays.

GL IMO IYH SKULL2THEMAX

[mark5050]

Why?,..they will have 180 days to regain compliance with possible a second 180-day period available. So hold your horses Buddy Market.

[BullMarket34]

Regardless, still too little too late, and a RS is basically guaranteed now. It’s back at .80 again. No way this gets over a buck by eow.

[shanak10]

No form 4 yesterday - this show is officially over. A RS is now basically set in stone. Great work Bozo, too little too late.

Don't jump to conclusions. I think it is a black out period for him before the next Q. Knowing what his next Q looks like, if he would buy it would look like he is pumping the stock. All in my opinion.
https://www.investopedia.com/ask/answers/08/blackout-period.asp#:~:text=What%20Are%20the%20Rules%20on,disclosures%20are%20up%20to%20date.

What Are the Rules on Stock Trades?
The Securities and Exchange Commission (SEC) doesn't actually prohibit executives from buying or selling stock ahead of earnings announcements, so long as the company's legally required disclosures are up to date.
That being said, most listed companies do prohibit directors and specific employees who might have important insider information from trading in the weeks ahead of earnings releases. They do this to avoid any possible suspicion that the employees might use that information to their benefit ahead of its public release, which would violate SEC rules on insider trading.

[BullMarket34]

No form 4 yesterday - this show is officially over. A RS is now basically set in stone. Great work Bozo, too little too late.

[tripmcneely]

What's the loading zone to at least make a quick buck off this drop and inevitable fake run up to the 90's before reality sets in and it drops back down?

[mark5050]

Agreed to that.

[MrBaseball]

Agreed. That's why no one trusts him anymore. Biggest joke on the NQ.

Looking forward to a "back to OTC party!"

[BullMarket34]

Ezra should be in jail for what he did that day. Pumped the market with that ridiculous national insurance LOI and RS’d right into it. Disgusting.

All IMO

[MrBaseball]

Karma ---> 02.09.21 LMAO

[MrBaseball]

Is that a bead of sweat I see Ezri

[MrBaseball]

Ezri needs that fat finger before close

[MrBaseball]

DAY 25

[Dr PennyStock]

Or even easier, a few bids above the ask, at .95 or even at 1.00, to force the MMs to force the MMs to reposition themselves. This is faster and cheaper.

[Dr PennyStock]

Not wisdom, just a little bit of intelligence and common sense.

Just a few consecutive buys at the ask pushing the PPS to 1.05 or 1.10, and then put a good size bid at 1.04 or 1.03, to hold the PPS there. It needs to be done a few minutes before the close, et voilá, we have a close above 1.00 spending $50K - $100K.

But the guy is an idiot, and the guys around him too, and the people who work on his broker, do not know shit about the market, they just know how to put an order, and thats it.

[QaB2i]

What wisdom? Painting a tape is simple but obvious.

[mark5050]

Would you share your wisdom ?

[MrBaseball]

Today is DAY 24

[Dr PennyStock]

And the diluters are selling. I know how to force a close above $1.00. It's very easy, but, he is an idiot, and is surrounded by idiots, so he may spend half a million dollars or more, and even so, the stock will not close above $1.00.

[FarmerJohn]

There are just too many sellers that anticipated this fake run up to $1.00. Plus it was a chance for many to recoup some of their losses.

[Dr PennyStock]

Like I said, he needs to spend more $250K - $300K to close above $1.00.

$126K already spent, see below Form 4.

[BigBrains22]

Agreed Bull, still a long way to go.

[_fatty_]

How many days to deficiency?

[MrBaseball]

Might need a last minute fat finger trade to reset the clock

[QaB2i]

So about 15m float seems to make sense.
I hope the greedy midget pipe warrant holder isn’t too sore and doesn’t take half day Fridays.
It’s going to be a long day.


Good weekend all. P

[BullMarket34]

Agreed. I have gained some respect back for Ezra after the recent buys. It is not yet enough to forgive all of his past blunders, but I am genuinely pleased to see him finally putting his money where his mouth his.

GLTA

[shanak10]

I think the float is as follows:
The last 10K shows that management and insiders own around 5M shares. There are around 16.5M shares outstanding. That does not include the latest form 4 filings in which management has been buying stock.
All in my opinion.

[_fatty_]

Give the guy a break. He actually bought. I was not expecting it at all. I assumed he’d just RS and dilute. He is at least showing dedication and doesn’t seem like he abandoned it.

Transparency is a must though.

[_fatty_]

I don’t think Ezra himself knows. He diluted so much that lost track already

[MrBaseball]

No one knows the float. You ask Waldo and he spits out info that is over 6 months old.

Dirty shell = dirty business.

Of course it will close over a buck soon. Bozo needs to reset the clock. Happened on August 12, it will most likely happen tomorrow. Let’s see what happens after it gets reset. Let’s see how many F4’s you see after that. Let’s see what happens to the pps afterwards.

No catalysts with this pos. Just a pump and dump. Ezri keeps spending money to keep it compliant. How much money will he spend next month? He might have to start selling things in order to keep this pos afloat.

[QaB2i]

How many shares are in the float?