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Keep in mind we are in the midst of a Jewish holiday and today is a special sacred day for orthodox Jews. Ezra may or may not be working today.
Good idea to stop playing telephone for them, anyone who needs to contact them knows how to.
Hopefully they will settle before uplist. I believe that Mr. Beyman has his shareholders best interest/welfare at heart and I am pretty sure his wish is that he will not have to do a r/s
Yes, they do need some wiggly room, and 1/50, 1/70 does not look good. Looking at your ratio, are you taking in the 19 properties and their new large LOI? Maybe let's hope there will be more acquisitions before the r/s. Right now I am optimistic as we still have some time in our hands.
You are not missing anything. This is from page 8 of Form S1.
We have applied to list our common stock on The NASDAQ Capital Market under the symbol “RELI.” No assurance can be given that our application will be approved. In conjunction therewith, we have also applied to have the Series A Warrants listed on The NASDAQ Capital Market under the symbol “RELIW” and the Units listed as “RELIU”. We intend to effect a reverse split of our issued and outstanding common stock in conjunction with the uplist to meet certain initial listing requirements, upon approval of our Board, which split will be disclosed in an amendment to this prospectus.
Yes, let's hope. I am pretty sure the company is diligently working on making it a success.
I believe so. I think it is mentioned in their form S1 if I read it correctly.
https://www.otcmarkets.com/filing/conv_pdf?id=14434497&guid=6wp6UWgmdiCuEth
Check out page 8.
We have applied to list our common stock on The NASDAQ Capital Market under the symbol “RELI.” No assurance can be given that our application will be approved. In conjunction therewith, we have also applied to have the Series A Warrants listed on The NASDAQ Capital Market under the symbol “RELIW” and the Units listed as “RELIU”. We intend to effect a reverse split of our issued and outstanding common stock in conjunction with the uplist to meet certain initial listing requirements, upon approval of our Board, which split will be disclosed in an amendment to this prospectus.
The only way to prove it is by showing a link to a PR stating that he will not do a r/s in order to uplift to a higher exchange.
According to your friend: ClarkPetula
LMAO $RELI
56:1 Reverse split for xmas hunny bunny,
more cover to come
bigger schmaltz too
Won’t be 700k with the reverse split that is going to happen to get us uplist. And before you say there isn’t going to be one they stated they intend to in their filings
You still holding your 700K wanting only real estate?
$UTRK Nice day.
It means to us that SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. I do not think we need to take any actions unless we wish to buy more shares in the hope that PPS will go up as the requirement of higher exchanges is that PPS has to be at least 3 dollars.
https://www.investopedia.com/terms/s/sec-form-s-1.asp
Thanks. I emailed the company your concerns anonymously and to a response from CEO that he will check with IR person.
Generally a Form S1 is filed by the SEC and is not accompanied by a PR from the company. Similar to Form 13D/G and form 4. However if investors feel that they need more information, they can communicate with IR and ask for it.
I agree.
I took care of it.
Yet again company can't be bothered to post news through iHub or even PR through regular channels the filing of this form?
The trend is your friend. Arrogance, Ego and embellishment is not your friend. $RELI is still marvellously over valued and will never uplist IMO.
IMO sub penny and reserve split are a hop skip and a jump away. $RELI is a penny stock offshore player's short seller wet dream. Only in America could such diabolical rubbish go public!
$GVDI $$$$
Always love reading your insightful posts. Thanks. Keep up the good work.
I am not sure what some people are expecting. How often do you think $RELI should PR in order to make you happy? Do you want them to PR some fluff?
$REL Ia 2 year old public company made a mistake by not keeping their shareholders up to date on their RE. I can understand the anger and frustration. But Mr. Beyman spoke about it in the CC and said that in retrospect it worked out to everyone's advantage as those properties would have taken a loss. That is not to say that if a good RE opportunity will come their way they will not grab it.
But for now, it seems they are concentrating on Insurance. Insurance stocks can make a great addition to any investor's stock portfolio. Not only does the insurance business have the potential to produce excellent long-term returns, but it's also a business that works in strong economies as well as during recessions, and anytime in between.
So, for those who feel that they bought $RELI for the sole purpose of Real Estate without any flexibility of a Plan B along with plan A, maybe it is time to exit. For those waiting to see how the company will perform in the insurance sector, I believe you will be very happy.
Wishing you all lots of luck.
I see some volume today but cannot find any news or filings.
No theories. All facts. $Reli
Facts need to be proved. Can you provide?
Then we have the PR on the 9/23....Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today announced that it has acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.
As a very large Shareholder, I would like to know how that acquisition was funded???
In addition a huge bubble burst is in store for residential and commercial real estate and on top that, we all not going to uplist in 2020 or even 2021!
$UTRK a little more action today. Bid moved up to .031
I just called Nsure for updates. They told me that soon, before end of year they will be operating in Texas, California, Alabama, Georgia and North and South Carolina.
A little action today $UTRK
ClarkPetula Member Level Friday, 10/02/20 02:07:19 PM
Re: A deleted message 0
Post #
33846
of 33847 LMAO $RELI
56:1 Reverse split for xmas hunny bunny,
more cover to come
bigger schmaltz too
I also anticipate them to remedy the Form 10 that was pulled back and see something additional on this soon
$RELI always closed their Insurance LOI's and IMO there is no reason to think that they will not close the very big one they recently announced.
I believe strongly that the PPS will go back up. I imagine company is very busy with some other acquisitions. Also $RELI is cash positive as per their last PR.
I am a very happy shareholder, can't wait to reap the fruits of my labor, hopefully soon.
Moreover, the combination of this target acquisition with the cash flow of our existing portfolio, should ensure very strong, positive cash flow of the combined entities going forward.”
$CYCA nice volume so far.
I can't help but repeat myself once again by saying "How many billionaire CEO's put millions of dollars of their own money into a shell r/m?" I say only a company who knows what they are doing and with a vision for the future". This by itself should be a very positive sign for all.
Maybe a good idea to keep in track is not to encourage negative posts by replying to them.
Lmao. Yes. You broadcasted the billionaire and his intentions on iHub many times. If I cared I’d go find your posts but others can have fun doing that.
I had originally been led to believe that the CEO was a billionaire and was privately funding all the acquisitions to be transferred to the public company from the private LLC