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Port, sounds like you have had a lot going on, still holding on to your RELI shares it sounds like? Good luck to you!
Good Luck, fatty! Hope those warrants end up hitting for you!
I’m all about this! Not sure how, but I would gladly welcome $100+!!
Lesson learned on that one! I think quite a few of us got an education on that deal!
If they can pull off the website, yes it will be worth holding. It is not as easy as you think to build a website like they are building. Yes you can get licensed easily across the country to sell Health, life, car, home, flood, umbrella...etc. But it is really difficult to get licensed with insurance carriers that sell Car & Home Insurance. Health insurance is no problem, they will give an appointment to any licensed agent. Most all Property & Casualty (Car & Home) companies are very difficult to secure a new appointment with. Each company has appointments in each state with existing agencies, and the more appointments they give out, the more that affects or hurts there existing agents that are appointed. If you started an insurance agency in your home town, you could not call Nationwide and many of the carriers they have and get an appointment to sell there products. Which makes it almost nearly impossible to start an insurance agency from scratch these days. They typically already have enough representation in an area or state by many existing agents, and don't want to upset their current long-term loyal agents by appointing someone else for them to compete with. If they can pull off allowing consumers to quote and purchase insurance with several top rated companies across the country, that is huge. But it is honestly very difficult to build a website that communicates with all of the various companies to generate accurate quotes and the ability to purchase. Many of the companies that are doing this online are only lead generators and just grab peoples info to sell to agents. Their website would allow someone to quote and purchase insurance without having to talk to any agent to bind coverage, which is very difficult to pull off in my opinion. If you watched the recent video, when you put in your info, it will already pre-populate the cars that you own, so you won't even need to put in that info. that is the AI at work, which helps to speed the process. I am hoping they are doing the same with the Home Insurance and the AI can go out to your local auditors office and pull the specs for your home. So it will pre-populate the sq footage of the home and other features that make a big difference in your price, such as having a brick or vinyl siding... etc. All this will help pull info from public websites to pre-populate important fields that help to speed things up and make the sale. I have a background in insurance, which is why I follow and invested in RELI. The website will save the day in my opinion, if it is everything we hope it can be. I really hope they can pull it off and it is a top notch functioning website, and then they have a marketing firm do a bang up job marketing to drive consumers to the site. I like many others have been here over 2 years and need this to come way back quite always to get in the green. Trying to wait patiently and hope they can pull this off.
all in my opinion.
Get ready for this to get Bullish again Port!! Nice and steady RELI, keep climbing!!
Port, have you been sleeping the last couple of days? Figured the way this weekly chart is coming together you are up charting all night! You got to have some positive TA to share with us! We have to be days away from a Technical breakout here!! Let’s go Port, never say die brother!!! We are going to do this!!
No matter how many times I watched the game, the Generals couldn’t beat the Trotters!! Haha. I got the joke, very telling on my age!!
Appreciate the detailed feedback. I was curious on where your confidence stood with the lack of productive news that shows any signs positive growth in the near future. Timeline def continues to be pushed back. Maybe my 8 year old son will be able to sell my shares one day for a profit, and help his family out!
Benk, do you still think this large LOI is still tracking in the right direction to close? Starting to feel like a bait and switch to me, in order to raise 12.4 million dollars through the secondary offering. I hope I am wrong, but starting to feel duped again.
Yes, feel like someone knows something and is loading the boat before news hits. At least that is what I am hoping for!! Hope they can capitalize on this momentum. Let's go RELI!!
Liking the sound of the below paragraph in the article that is out today. Look forward to a strong investor communication program to convey it's future growth plan. That has been lacking the last 2 years, looking forward to seeing this get much stronger. Now we are just waiting for news on a Definitive Agreement with this Large LOI, ready too get this thing kickstarted. Got me some low $4's last week, my boat is loaded and ready to see some action!
https://smallcapsdaily.com/reliance-global-the-insurance-small-cap-you-need-in-your-portfolio/
The company is deeply undervalued with an EV/Revenue ratio of approximately 8.4x for the trailing twelve month period, well below that of its biggest competitors. Reliance Global’s closest competitors with similar business models include names like Goosehead Insurance and Lemonade Inc. Based on the trailing twelve month data, Goosehead Insurance is trading at an EV/Revenue of 32.4x whereas Lemonade Inc. is trading at an EV/Revenue of 31.1. Most of its peers are loss-generating and lack the kind of technological base that Reliance Global has, for which it should command a strong premium. Once the acquisition announced in September 2020 is completed, this will add 150 million in revenues immediately, with margin improvement via Reliance platform technology. After its up-listing to NASDAQ, the Reliance Global management is expected to establish a strong investor communication program to convey its future growth plans which should get factored into the stock price as well. To sum up, the company’s experienced management team, strong technological platform, acquisition-led growth, and a highly undervalued stock make Reliance Global a very interesting investment opportunity at current levels.
We were starting to climb, why I thought chart may be looking better. Wasn't climbing by much, but might be enough to help the chart! Hope that MACD keeps curling!
Port can you confirm a reversal on the chart yet? haha Let's go RELI!!
I agree, I pray they are working on an advertising/social media campaign to promote this lead generating website. Only way it will amount to anything if there is money spent on marketing it. Clock is def ticking here.
From what I am seeing the 5minuteinsure website is geared towards car and home insurance and not health insurance. After looking at their current agencies, it looks like they only have 1 agency that does car and home insurance and is located in Ohio. So that makes sense it is being tested in Ohio, as they only have contracts with the Car and Home insurance carriers in Ohio. When they close the national acquisition that gives them the insurance carrier appointments in the other states across the country (at least 40 from the heading of the Sept PR). So to me it seems like they will get this running in Ohio based on their existing carrier appointments and then after the large LOI closes they can then easily open it up to the rest of the country with their newly acquired carrier appointments. At first I was disappointed to see this beta in just Ohio, but after studying it a little further, I am assuming this is why the website is being started on a limited capacity. Also they stated on the 5minuteinsure website this is being launched in conjunction with their national acquisition. So hopefully this means the website will be expanded immediately upon closing the large LOI. All in my opinion, but ready to see some serious progress just like everyone else. Really hope we don’t have to wait to much longer for this deal to close.
Thanks for posting that link, that was a great read. I wish they would have mentioned something in it about their pending national acquisition, would have really made that article pop. But none the less, great exposure and what we need here. Still licking my wounds from the split and up list, but I'm still here as well. Ready for this large acquisition to close and get this running like GSHD. Nice and steady climb, let's do this!
My TDA account just updated a couple of minutes ago. It is your brokerage that hasn't updated your account yet, no one else. Every brokerage updates at different speeds, you just have to wait until it updates like everyone else.
Thanks, Old Bullldog,, I am on hold with TDA, and not going to hold another half hour if that's all they are going to tell me.
Ok, we need another ice push this last half hour. Nice strong close above .50. Port & Doc our resident chartists, is it better if we can close above .50? As far as the chart goes, or does it not really matter?
We don't say that letter around here anymore.
JT14, I am with you, hoping for something special tomorrow on the Nasdaq. Might see some investors with deep pockets really loading the boat!!
Shana, is that FLSR where shareholders lost everything and they were delisted? I am pretty sure everyone got screwed over on that ticker. Whoever caused that situation shouldn't be able to live with themselves.
Yup, lets keep it rolling and keep moving towards .40. That wall NITE has up will get gobbled up with the quickness!!
Boom, some good action right out the gate, volume is looking good so far.
Hold strong today people, we can really make this thing lift off if we hold strong and don't sell!
As self nominated and self appointed scribe of the RELI IHub board, our charter states I must fulfill my duties this morning. With that being said, it is time! RELEASE THE KRAKEN!!!!
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I’m in on this, I am going for .48 baby! Super optimistic about Monday!! Let’s do this RELI! The higher we go if we all hold strong and don’t sell Monday! United we can help to really launch this next week.
I haven’t watched that video demo on the www.5minuteinsure.com website since it came out. That just got me even more excited and I didn’t even think that was possible at this point. Hoping the company has had plenty of time to get things in line to close this large LOI shortly after the up list next week. Some major catalysts all stacked up here. Who knows what additional deals they have been working on and couldn’t share due to the quiet period. Would be something if they have a barrage of PR’s ready to go the coming weeks and months to really push this up. If you are holding shares of $RELI right now and are not buzzing with excitement, you might need to check your pulse!! Almost down to the 24 hour count down ladies and gentlemen! All in my opinion of course!
Did anyone else have trouble sleeping last night? I couldn’t fall a sleep and woke up at 5 hoping it was Monday morning already! 2 days to think about what is coming on Monday, just smiling ear to ear!!
Great responses this morning from everyone, good thorough accurate info for new investors to quickly get caught up. The volume on Friday was good, but let’s see it doubled or even tripled on Monday and see where we end up! GLTU all in the coming weeks and months with RELI. It appears everything has built up to this point.
RELI, do you copy? This is NASA, your clear for lift off!!
I knew you lost it all over your keyboard at one point today!! haha
What a day everyone, so happy to see all the good happening here! Can’t wait until next week and see what more fun we have! Thanks to you all and good luck! RELI
I already have FOMO hard for not getting a ton of those 6's and 7's the last month! Still good buy here, still trying to load what I can!
I have not seen a change in volume for quite a while! What's up with dat!
Let's bust through that wall CDEL has up at .145 today, really stick it to them. Should be really fun the last hour of the day. Might be last chance today and possibly Monday to get shares in the teens!
Oh there you are toomorrow, I knew you were still with us quietly waiting in the wings! Whelp, the band is officially back together, looks like we can play that sweet RELI music again!! lol
We can't let CDEL try and slow this momentum!
Let's go RELI, let's keep up the momentum. Holding strong and not selling anything here for quite some time on this, we have a lot of running to do yet with all of the catalysts coming very soon.
I feel like the band is getting back together this morning, got me all worked up. Buckle up and keep your hands inside the windows kids, we might go parabolic...haha! This is great, hope everyone has a great day here and continued success in the future with RELI! Gary and I think we are just getting started!
This is great, love seeing this more than you know. I'm ready, dry powder being transferred for a fun Friday. It's all coming together as planned. Let's go RELI!
Looks like there is a new boss running the show in New Jersey. Would be intimidating to have to walk in the door and see that staring at you!! haha