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Maybe because they were clearly mislead by the company and certain posters neither of which even have the decency to apologize.
>> It's puzzling to me that you and some of your collogues find the need to continuously bash the company
What were they doing till now - drinking Pina Coladas? Glad to know they are finally focusing - after completely devaluating our shares.
>> Mr. Beyman concluded, “Now that we have completed our Nasdaq listing, we are laser-focused on accelerating our business strategy
Definitely happy they didn't redo the R/S - it might have delayed this news.
Wow - A beta website!! This is even bigger than closing the LOI. So happy the quiet period is over.
BenK - I admit to having no experience in this area, but it would seem it was the added offering that priced the shares at 6. If that is the case then it would seem that it was a major blunder to tie the added offering to the rs.
Benk - If the rs is still at 1:85 than our shares at close yesterday under the new structure were worth $33.15. If they are now worth $5 - 6 that is a huge decline and a huge $ loss to all shareholders.
Doesn't make any sense to me.
Are you kidding? - You've been posting this mis-information forever:
Post 27048:
shanak10 Member Level Monday, 02/24/20 09:11:48 AM
Re: held2long post# 27044 0
Post #
27048
of 33814
Let me ask you a question with the hope that you will give me an honest answer:
How many billionaire CEO's do you know (from your experience in trading penny stocks,) That inject billions of dollars of their own money into a penny stock and building it up? We are talking here of a billionaire with over 30 years of experience in the real estate field who knows what he is doing. And to date please tell us how you have been disappointed with $RELI's performance, also share with us your experience with reverse mergers. Thanks.
If we are talking facts RELI does not own 35% of Nsure. So far as far as we know they made a $1 million investment - prorated that is < 2%.
There is absolutely no guarantee they will have the $ to invest the remaining $19 million. As far as I know they gave no timeline for that either.
>>a $1 million direct investment representing the first in a series of planned investments, expected to total $20 million, at which time, Reliance Global Group would own 35% of Nsure.com
Very interesting. The document is from two years ago, but the properties mentioned are seemingly the same 19 properties that they announced an LOI to bring into RELI. They match the 19 properties in Group A. According to this document after the acquisition of 49% - Melohn will own 42.6 % and Beyman 8.4%. I would think that means he currently owns about 17% of those properties. No mention of buying any other related properties. I would think if there were other properties they would have been mentioned in that filing. Just mentions targeting strategically located properties (Which they have done - as they have announced other LOI on 2019 to buy properties).
Who said he gifted them - is that in the filing?
Basically a Billionaire giving away his fortune to us lucky investors.
I don't have experience in penny stocks, but my experience in Life tells me something that is too good to be true almost always is. A "billionaire" deciding to give his assets to strangers is too good to be true. That doesn't mean there isn't value here and perhaps great potential. That is why I'm still here and invested. I just don't believe all that is being promoted on this board is true. Just my opinion, you obviously believe differently.
That was his biggest announced LOI and it was with stock. At least 2 of his other LOIs were done with stock.So it is fair to assume that he isn't planning on giving away his assets to strangers like you and me for free.
To do so would be beyond comprehension for any rational person to think.
04/03/19 - has completed the previously announced acquisition of an unaffiliated niche insurance agency, Southwestern Montana Insurance Agency, for a total purchase price of $2.338 million , consisting of cash and the issuance of restricted stock.
09/10/19 - The transaction was completed through a combination of $1.4 million of cash, provided by Reliance Global Holdings, LLC, a Company controlled by Ezra Beyman, CEO of RELI, as well as $4.1 million debt from an unaffiliated lender, and the issuance of approximately 11.9 million shares of restricted stock.
Honest answers
I don't trade penny stocks - I've invested in several of them.
He isn't a billionaire - you can keep on repeating that but it doesn't make it true. To the best of my knowledge he controls/manages several thousand units. The equity in those units is the PRs - he is a partner in properties that have $32 million in equity.
Very happy with RELI's performance.
No experience with RM.
Just some more of the misinformation propagated on this board. Even if you believe Beyman is giving away his portion of his assets, which is beyond comprehension, there is no way his partners are doing that. Not to mention they clearly stated they are buying it with RELI stock.
He isn't planning on dropping in assets - He is planning on buying them with shares of RELI. Any idea how many shares and how much dilution there will be?
RELI's intention is to complete the acquisition with RELI common stock
Thanks for clarifying
Can you please explain. It seems as if there are already companies in this sector.
The 6 Best Digital Insurance Companies of 2020
Shanak said they manage all of their properties.
Why would their affiliate only manage some of the properties they control? The website is very vague as to what they actually currently own.
"The properties below represent a partial list of the present and prior portfolio of multi-family properties owned or controlled by Ezra Beyman, RELI’s CEO and principal shareholder. "
Yes - Since 12/20/2018. I bought it short term and done nicely. Now trying to figure out if I should hold it long-term. Different kind of research needed :)
The private company website has a link on it's main page to an affiliated Managing company called Efficient Property Management. Drop down the properties that company manages - it matches the Group A properties on the private company website.
I admit my mistake - looks like their affiliate manages 1,839 units. Assuming $75,000/unit - $140 million value. Leveraged.
I'm assuming (I could be very wrong - I just was :)) that since they don't manage the other properties they don't have a controlling interest so unlikely they can be brought into reli.
I'm trying :) I've been here for about a year and reading. I just don't see the current facts matching the "dd". I see a company with some insurance agencies and I'm guessing $75 million in real estate assets that are probably 80% financed.
I've made some nice profits based on the speculation part of the equation, but I just don't see those projections being based on any fundamentals. The private company website shows an affiliate that manages 1,000 + units of what looks like Class C properties.
Besides the announced LOIs what other real estate assets are going to be "rolled" in and at what price?
Based on current share structure a share price of $4 = market cap of $1.4 billion. Based on fundamentals with $17 million in assets and $7 million in revenue how do they expect to have such a market cap?
>> The company hopes to up-list to NASDAQ in 2020
Eli - I haven't been following the bankruptcy proceedings (not that I would understand it even if I was). Has the bankruptcy and sale of assets been finalized and now there are other issues being disputed, or has nothing been finalized and in theory the whole bankruptcy could be thrown out and we start all over?
Ouch! Guess Marshall isn't on your speed dial anymore. Is Shannon still involved at all?
In the pursuit of truth I've changed my screen name from mzei2themoon to something more accurate:(
What is the exact status of Medizone as a public company- was the bankruptcy proceedings completed?
Googled Asepticsure and nothing new comes up. Has Ed done nothing with it since last year?
I was one of the many shareholders that hoped for many years that Marshall would bring in experienced,competent management and thought he waited way too long to do so. That being said I never though that he was a con-man. Naive and in over his head perhaps, but he seemed to be an honest man who was doing the best he could to make Medizone successful. Quite obviously it wasn't enough.
>> 10 years or more that he conned the shareholders.
Eli - Thanks. So it seems very slight chance that our current shares will ever amount to much - regardless of how successful the company is in restructuring and moving forward..
Eli,
This would still mean current shareholders shares will be worthless, correct?
Is there any plausible scenario that current shares will have some value?
>>do they get the 11 dismissed---convert their 7 to an 11---if so, get >>Debtor-in-possession financing from somewhere to continue the path to FDA >>approval--and emerge from BK a reorganized, recapitalized company?
I'm sure they will respond in time. I'm just happy to see it isn't consuming all of their bandwidth and they can actually still work on what is needed to get this company moving in the right direction.
http://www2.ca3.uscourts.gov/opinarch/143906p.pdf
Page 15
UNITED STATES COURT OF APPEALS
FOR THE THIRD CIRCUIT
No. 14-3906
In re: FOREVER GREEN ATHLETIC FIELDS, INC.,
Debtor
CHARLES C. DAWSON; KELLI DAWSON,
Appellants
Green - I think that is highly unlikely the CDC has anything to do with this. All they said was "in response to a CDC report". The PR was just an attempt to get Asepticsures name out, though I don't know who actually reads PRs by penny stock companies- except for the unfortunate souls that are already invested in them.
>> it would seem that the CDC did, in fact, accept this offer.
What about the FDA? Could come off sounding like an end-run around them. I can't imagine they would be too happy about that.
>> I hope doesn't blow up in their face.
10K
Nothing that interests me on a quick glance, but I didn't know they had so many full-time employees.
>> As of December 31, 2017, we had seven full-time employees and two part-time employees.
Longat - I'm no expert in these matters but basically Medizone has very few remaining authorized shares that haven't been issued. In order to take advantage of their new funding they need to be able to issue shares. Hence executives giving up their options, freeing up some shares to raise much needed capital
Medizone International Appoints Jude Dinges to Executive Team
www.medizoneint.com/2018/01/30/medizone-international-appoints-jude-dinges-to-executive-team/
Another Aeterna Zentaris guy