Realist
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putting out press releases will be a waste of time and money because the company is uninvestable Doki and his group owning over 80% is the number one reason the stock will not be bought by professional investors. I also think it is too tight of a float which makes it impossible for even retail investors to get their hands on shares.
As for salaries being too high, I have no opinion because I always go with the theory that if I don't like what management is doing or what the board of directors is doing I sell the shares or never even buy them to begin with.
I do agree that CEO and CFO pay package is too high considering the company is losing money, but on the flip side they don't own and shares of RLBY which means they don't get rewarded if the stock goes up, but with the tightly held stock and Doki legal issues I don't see the stock going up anytime soon.
I also am starting to think that the Board of Directors are worthless for this company because what if any value have they brought to the company.
I am very close to saying that Reliability either needs to be sold with Doki's debt forgiven and their shares being negotiated and cancelled before the sale or given back to treasurury so whoever acquires Reliability does not have to deal with Doki's legal issue, or the board of directors needs to make a management change to give the company a different approach with Doki and that group and even more importantly the business. Revenues are not impressive and bottom line numbers are not knocking my sox off which really means even without Doki's in the picture I don't know who would be buying the stock.
The so called people at RLBY did not go into business in the traditional sense of GOING INTO BUSINESS with the Doki and his group. The CEO and CFO were hired to work at Maslow Media which then became Reliability once it became a public company.
It was the CEO and CFO that UNCOVERED all the illegal activity by Doki and his group.
The CEO and CFO appear to have done everything, above and beyond expectations.
This is the bad part of our legal system as the wheels of justice go really slow with this entire ordeal.
The best case scenario is that a receiver will be appointed and a final determination can be made by Q3 of this year at which time I am guessing a judge or arbitrator will agree to the terms and then give it to Doki and the group that is debted to Reliability which is probably going to be early 2024. Those are best case scenario timeframes.
In the meantime, the business operates with the CEO and CFO at the helm, but the stock has no value because it is illiquid, due to the past legal issues and things that still need to be done.
They are paying a dividend in the form of warrants to purchase the Company's common shares at $4.20 per common share.
YOU WOULD HAVE TO PAY $4.20 a warrant
That is NOT a dividend in the form of what you probably think is a dividend.
You may want to read the entire press release they issued on the DIVIDEND.
If you are referring to the dividend they issued last quarter - Common Shares in the amount of $0.13125 per share. It sounds like a great number, but the stock back in april was $12.18 cents a share. You have lost over $10.00 a share, but I guess 13 cents in place of $10 is a good value for you.
Maybe I am old school and I believe in fundamental investing, but a company with only $1.5 million in cash as reported in the last 10Q and losing money and has negative cash flow should not be issuing a cash dividend of 13 cents, or any amount.
As for the warrant dividend - what room was everyone in and what was everyone smoking when they thought of that dividend deal.
As for ThinkEquity announcement it is for their subsidiary 1847 Cabinets which means they hired ThinkEquity to sell 1847 Cabinets. Nothing wrong with that, but it doesn't bring any value to investors. I am still stuck with some shares because I sold most of my holdings but I can not get rid of them all.
No liquidity in this dog has me stuck with some fleas
Problem is no one knows about this dog.
This dog does not have fleas, but if no one knows about it no one is buying the shares.
If no one is buying the shares then the stock will not go up.
It's as if EFSH management want to keep this company silent or under wraps. Does not bode well for investors.
008 to 02 is nothing to be happy about because most people bought this stock in the $30-.00 - 50.00 range when you calculate all the reverse splits this company did.
008 to 02 is some stupid people buying shares on the open market and the sellers are probably the convertible note holders.
Endonovo and Collier have no money
When a company has no money they can not implement a business plan
I would love to know how many shares Ira received, because we know Endonovo can not pay him a salary
I would love to know how Alan Collier is going to make acquisitions when he has $21,139 in the bank and $21 million in debt
Anyone that knows anything about business knows it is impossible for endonovo to be a business and to make matters worse the convertible note holders are converting the debt and they will be selling their shares - DUMPING their shares on the market.
008 to 02 is nothing other than some buyers that do not yet know Collier
current management has done nothing wrong.
in fact - they have done everything properly
they even filed lawsuits against the Doki group and won
the legal system now requires a number of steps to take place before anything happens.
while i think the legal wheels move really really slow, we can not blame reliability management for this
i would not be surprised if the management hates this long drawn out process just as much as we do
why are you impressed
the stock goes from 007 to 1 cent and you think that is good
if you are a promotor than i understand you have a job to do and you must post positive posts, but if you are an investor I would ask you what is impressive
please dont tell me 007 to 1 cent is impressive because you are looking at a chart and thinking it is great/ if you are looking at charts, look at the last 6-months, 1 year, 3+ years chart and tell me what you think
HOW DO YOU NOT LAUGH
ENDV issued a press release this morning announcing GO TO MARKET INITATIVE to accelerate growth.
The company has $23 thousand in cash per their last 10Q. What are they really able to do with no money?
They hire some guy that is President and that guys names is on the press release. What Collier doesn't understand is that hiring a President or any Officer is a material event an 8K should be filed. I didn't see an 8K filed.
I would love to know how this new guy is being compensated?
Or is this guy getting more shares of ENDV so he can sell them into the market and let unsuspecting investors pay his salary everytime he sells shares.
This has to end - SofPulse didn't sell in the U.S. and it won't sell overseas. Stop the madness and either file bankruptcy and go out of business or just go dark and let the chips fall as they may.
It just has to end, too many unsophisticated investors have lost a lot of money and they will continue to lose money if Collier keeps this charade going
Class action lawsuit against WHOM?
The current management team consisting of the CEO and CFO are doing their jobs. They have a minor ownership position but at the end of the day they operate the business and have successfully gone after the majority owners through the court system.
The court system took a long time and now a receiver has to be appointed to collect said funds that the current management team won in their legal fight against the group of majority shareholders of RLBY.
A class action can not be filed against the majority owners of RLBY. Possible criminal charges can be filed but that does not mean anything for RLBY or its shareholders.
You can not throw around words like class action and think it has any legitimate place against RLBY.
I think people just have to understand the current management team got involved with a company that they didn't know how to operate as a public company.
And to think I thought I have seen it all.
Collier once filed an 8K that announced proforma sales of $300 million.
Now he has concocted some scheme to spin out a new company and blah, blah, blah.
I guess he is at wits-end because he cant issue any more convertible notes to be able to pay himself a salary. If he doesn't try this spin-out scheme he may either have to file personal bankruptcy or even worse - GET A JOB.
He has been paying himself for the past decade by issuing convertible notes that were toxic, which as we all know drive the stock price down. But as stupid investors bought the shares the note holders were able to keep giving Collier more money in small tranches of $50,000 and those proceeds paid for Collier's salary, expense accounts, and everything else.
Because ENDV is completely diluted and $21 million in debt, Collier finds himself at the end of the cliff and unable to raise anymore money.
He can no longer live off of the unsophisticated retail investors that have been buying his stock so now a NEWCO comes into play and the carousel of issuing convertible notes can start up again and Collier can pay his personal bills and avoid creditors going after his house, cars, credit cards.
TELL symbol or TELZ symbol
Can anyone explain to me the difference between the 2
Sometimes its not that someone sold such a small amount of shares like 300 for such a small amount like $16 but a brokerage firm had the 300 shares on their books from a past client and that brokerage firm is selling the shares so they don't have to report it on their next quarterly filing.
There are also people like me that may have owned thousands of shares of a company but when I decided to exit my position and when I sold shares I was left with such a small amount like 300 after all the sales. I hate looking at my online portfolio and seeing a line-item for 300 shares that have little to no net worth so I would rather sell them. It's not necessarily about the money but more of a distraction seeing it online in my portfolio. Since I get free trading selling the shares doesn't cost me anything and I clean up my portfolio and not look at 300 shares of RELIABILITY.
MayoMobile
That is an awesome write up. Where did you get that information and who wrote it up. Was there any fact checking.
It is informative and detail oriented, I am not an expert in biotech so I am curious if we can fully reply on it.
Why would the stock go up to $4 a share?
With 19.7 million shares outstanding that impedes a market cap of just under $80 million.
You can not give a market cap to a company that has a bad balance sheet. This company will raise more capital which means more dilution. All past capital raises have been toxic which means the stock has no real value. The price on the open market is arbitrary because there is no true value in the company due to CEO's continuous toxic financings.
Lets not forget the warrants, preferred warrants, options, preferred shares and all the other BS stock deals that were done.
They have ZERO institutional ownership. DO NOT tell me Sabby is an investor with 435,000 shares. Sabby was one of the firms that participated in the last capital raise which meant they had over 8 million shares. They sold most of those shares into the open market and due to the quarter ended Sept 30 they still owned those shares and by law they had to disclose that ownership position.
And don't forget that the CEO only owns 445,492 shares.
On a percentage basis based on the last capital raise and on a fully diluted basis I believe his stock ownership percentage is about 3%.
So when you say that this stock will go up you really need to evaluate your stock decision making process.
it was just under 2 years ago that the stock was $230.00 a share. Today is it at $2.33.
And I expect it to go under $1 a share within the next 6-months, and then another reverse split, another capital raise meaning more dilution and lower stock price. It is a never ending carousel that just keeps going down.
Just my unprofessional opinion based on filings, website, press releases, past management calls and management past decisions and stock charts.
My point, which I didn't have to think I needed to elaborate, was that EFSH management, specifically Mr R is not doing what needs to be done with the stock.
My point, which I think everyone in the world knows, is that Mr B at Berkshire Hathaway has always been an outgoing personality and he has admitted and spoke about in a number of interviews in 1964 and especially in the late 1960's that investing is very much being self-promotional and has many tendencies that are associated with investors psychology.
If you look at his interviews in the latter part of 60's and throughout the 1970's he was self promotional and you can see he understands psychology plays a big role in the investment world.
I read many of books on him and watched many old interviews.
he stopped talking about self promotion and psychology in the 80's, only because it was too cerebral for most people and most investors don't understand the psychology aspect of investing and I am guessing, because I never spoke to Mr B so I have to guess, but explaining the psychology of investing to investors is not an easy task.
Good Bye EFSH and good luck.
I am buying into TELL. I think all their assets and downslide of the stock over the last 6 months is a good reason to get in. Strong Balance Sheet, valuable assets and serving natural gas sector which is very very tight right now can be a big plus for TELL in 2023.
I am officially in as of this morning.
JV
My ride with this company has to come to an end starting today. I bought shares hoping that management was going to be doing the right thing but these special warrant dividends and not being aggressive to bring in other investors is creating a slow death here.
I am going to take a loss but at least I can use it to offset some profits for this tax year. I wanted to hold the stock because I like this business since it is like a mini-me to Berkshire Hathaway but Mr Roberts does not understand what Mr Buffet did when he first started Berkshire. Before Mr B became a household name he was hitting the street with his feet talking up Berkshire Hathaway to a point that he was getting so many investors buying into his concept and word of mouth just grew to a point that make Berkshire stock growing its shareholder base and when Mr B needed money he just went to his shareholders and kept raising money.
And after a decade he became the Omaha of Nebraska and on the tip of every tongue on Wall Street.
Someone needs to tell Mr Roberts that investing is part psychology, part good business and part having a CEO that can get investors to buy his stock. Stocks don't go up solely on good business, stocks go up because other people buy the stock. I am pissed off because I am going to end losing about $12,000 on this company.
Good Luck to everyone here but it has not been an exciting ride for me.
JV
Charts don't matter.
The balance sheet and cap structure shows that this management team did a toxic financing which means the stock will go down. That is 100% sure to occur because toxic financings benefit the financier because the stock is given by the company to the financier at a discount to market.
The financier sells the stock, even at a lower price than the market and they guarantee themselves a profit.
That is how and why you see 0001 a share price for some stocks.
Another reason this stock will go down is because I once spoke to the CFO - he was is stupid he has no right being an officer of a public company.
I am guessing that he is an accountant and the CEO hired him to be a figurehead.
Anytime a CFO is stupid you get stupid decisions and then the stock goes down.
No volume because no one knows about the company. It's just another Nasdaq company that the world doesn't even know exists. Damn shame because they look like they are a mini Berkshire Hathaway. They need to do some self promoting to get more eyeballs on the company and stock.
If you are correct and say that PIXY CEO is a scam artist and probably has bagholders you can be sure that the stock will drop one day to pennies.
Scam artists always get busted and shareholders get screwed.
You have been wrong about a lot of stuff about RLBY, but now I hope you are wrong about PIXY CEO.
I am amazed that you don't care if a CEO in a company that you are invested in is probably a scam artist. Those are your words, not mine.
I don't think the CEO of PIXY knows what he is doing. PIXY stock was $175 a share and today it is down to $19
You can argue that the PIXY CEO should be fired
There is absolutely no one buying the stock. It's as if no one even knows about this company. They are wasting their time with these online appearances and I don't think they are good enough speakers and presenters to be the face of the company. I am starting to think that the idea and business model has potential, but these 2 guys leading the company is not helping the stock.
JV
According to their last 10Q they had zero cash.
According to their last 10Q their debt was very high.
According to their last 10Q they took in hundreds of thousands of convertible notes.
According to all their filings it would seem as if they operate at a loss as if it was customary to operate at a loss.
Companies can operate at a loss when their business has a turnaround strategy like tech companies, life sciences, but definately not assisted living centers or non acute residences. It as if the management at Clearday have no clue as to what they are doing from an operational standpoint and they definately have no clue what all those convertible notes are going to do to the stock.
When those notes come due they either have to repay with cash which they have zero or issue MILLIONS of shares at a real big discount to market and that means those note holders are going to sell the stock and drive the price down so far that it will be a complete disaster. This is a short if there ever was one but because of the no volume you can't even make money in what everyone knows will happen to the stock.
This is a tightly held stock so I am trying to figure out what the problem is.
Is there a person with a boat load of stock that is keeping the price down?
The stock has had run ups in the past but everytime it happens the stock either goes down for no reason or the company raises money.
It would be nice to see a run up with no dilution and whoever wants to sell they sell the shares or the run up puts a squeeze on any short sellers. The company hired Shareintel which tells me they think someone is illegally shorting the stock. Squeeze those shorts and that will fix everything for us.
I admit I am baffled by this company stock.
For clarification - I am not part of Doki group.
I do not know Doki or any of the other people that are involved with Doki.
I actually think the Doki group have done a great deal of wrong doing. I do not know if what they have done is illegal, but it was wrong because they borrowed money against Reliability which they should not have done, but since they were and still are majority owners, I do not know if it was illegal.
As for outcome, I hope the outcome is in favor of the company because I think RLBY would be a good investment for me, but at this time I can not justify an investment because the process may still be 2 years away and as long as the process is ongoing the stock is not going to move up.
I am not going to tie-up $10,000 - $20,000 in RLBY stock right now because of the timeline. I also can not buy that amount of stock based on current liquidity so that creates another problem for me.
I am a retail investor that has about $150,000 in the market and I typically invest $10-20K in small and micro cap companies. But I am also well aware that more than 9 out of 10 OTC companies stock declines every year, it is tough to find that 1 in 10 or as I call them diamonds in the ruff.
I am not negative on RLBY as a company, but right now I am negative on the stock.
I am also not trying to sound negative so the stock goes down lower so I can buy at a lower price.
That is a stupid approach that I do not subscribe to.
In fact, I wouldn't care if I had to pay 10 or 20 cents a share because I am looking for a stock that can go to dollars, not pennies upwards.
I do not think the 10Q can shed some light, other than they won the arbitration case. I can not believe they will have a receiver appointed yet or even if they did have a receiver appointed that receiver would not have the time to determine how much can be collected from the award.
As for cancelling shares, that is still a long way off because a receiver has to do his job and then if the receiver can not collect any money then Reliability would have to file a law suit or a motion to cancel the shares that the plaintiffs own.
This is a long way off, at least 12 months and possibly 2 years.
I also do not think Reliability management is going to include their opinions in the 10Q and they are not going to disclose what they may accept from the plantiffs in a 10Q or any public medium because it would hurt their negotiations.
The financial report will not have any impact on the stock price. The company has 14 Billion shares and they have convertible notes that are converted to common stock at a discount, The stock will always drop on price. yes you may have some jumps in the stock like hitting 02 from 018 but it is sure to go back down and under 018 because of the convertible notes. This stock will end up in the 0001 range even if they do $100 million in revenue.
The convertible notes are what is considered a toxic financing which means the stock will always drop and only suckers buy the stock, or day traders that brag about making $500, but they dont brag when they lose money and they always do.
How do they get customers
What is their customer acquisition cost
The company did give an update.
They responded through an email and that email response is message board post 7378 on this board.
If that email is accurately represented on this board then that response seems to be self explanatory and this whole thing is going to take time.
You people can not rush a legal process.
And to those that think Reliability management can take away Doki shares are simply wrong, 100% wrong and have no true understanding or legal process and the value of ownership here in the U.S.
You can not take things away that easily. And by the way, everything is appealable, even binding arbitration allbeit there are rules and timeframes, but it is appealable.
The Doki's and the other group of people that hold so many of RLBY shares do have money.
They own Futuris and that company has $21 million in assets according to last 10Q. The Doki group are very good at borrowing money against assets as is proven with all the loans they took against RLBY.
Revenues for the quarter ended April were above $11 million which leads me to believe they have money to continue to fight against RLBY.
The only way around this disaster for RLBY is to go to the DOKI group and negotiate a settlement. Maybe forgive the arbitrators award in return for all the shares that the Doki group has.
Or maybe take 20 cents on the dollar for award and allow Doki group to retain 10% of the shares they own and the remaining 90% be given back to Reliability and placed in treasury.
RLBY management needs to do something because if they wait for the appeal process to work it self out we can be sitting and waiting for another couple of years.
Can an arbitration award be vacated or appealed?
In a word, yes. Whether an arbitration is governed by the Federal Arbitration Act (which covers contracts involving interstate commerce) or the Revised Arbitration Code (which covers only intrastate matters), a party can petition a court to vacate the arbitration award.
Code provisions governing the procedure for vacating an arbitration award, however, are designed to discourage parties from challenging the award. For instance, only a handful of grounds exist for vacating an arbitration award:the award was procured by fraud, corruption or other undue means; the arbitrator displayed “evident partiality” to one side, was corrupt, or committed misconduct; the arbitrator refused to continue the hearing upon showing of sufficient cause; the arbitrator exceeded his or her powers; the parties never agreed to arbitrate and maintained their objection throughout the proceeding; and the arbitration was conducted without proper notice of the hearing.
Under federal law, four grounds exist for vacating an arbitration award, as set forth in 9 U.S.C. § 10(a):the award was procured through corruption, fraud, or undue means; the arbitrator displayed “evident partiality” or corruption; the arbitrators are guilty of misconduct for refusing to postpone the final hearing; or the arbitrators exceeded their powers. While certain courts previously concluded that additional grounds exist for vacating an award, in 2008, the U.S. Supreme Court held in Hall Street Associates, L.L.C. v. Mattel,[1] that these statutory grounds were exclusive, and no other justification for vacating an arbitration award exists.
Just the sense, smell or opportunity to appeal means there is a delay. You peoiple really really have no clue what you are posting here because you are traders looking to make a profit, which is OK, but laws, rules and procedures take precedent over your desire to make money off of a trade.
I know you put me on ignore and it would appear you are posting messages to yourself because you are literally accounting for most of the posts.
you need to be taught some investing 101 lessons.
reliability may have won the case but they have to collect the money that is owed to them.
the doki's and all those people that lost the case have time to probably appeal the case and most likely can negotiate themselves a timeframe to pay the money if they lose the appeal.
rlby management can not simply cancel shares. that would take a motion in state court, but that can only happen after all else is tried by the defendants
even if i knew i was going to lose i would still appeal the verdict because it buys me time
and even after that process the law will allow me the defendant a certain period of time to pay off the debt or negotiate a payment plan
there is a process that must be followed by all parties and that process has yet to be played out.
i know you put me on ignore, but if you do in fact read this post you will undoubtedly learn something from me
in really really simple and made for idiots to understand THERE IS A PROCESS
Seems Legal
immoral
wrong
but unfortunately it is legal
Why is this company public?
They did $72 thousand in revenues last quarter.
The printing business is going down because of digital and electronic advertising and communications. I also know the costs are going for print shops- paper, ink and oil, employees.
Is this company going to do a reverse merger with someone because that is the only way I see a stock price jump
There is no bottom because the company did a toxic financing through Maxim
The stock will continue to go down
it will probably end in the 0001 range unless they do a reverse split
but after the reverse split it will still go down because every capital raise they did was toxic
there is no bottom because the investors that participated in the capital raises have an incentive to drive the price down
do you not know what a toxic financing is
the management team screwed all the investors yet some people think the stock will go up
what a joke
Management is inept
Once I spoke to the CFO and he clearly does not know anything about being a CFO of a public company.
The CEO on the other hand does not understand the importance of letting investors know about his company. He keeps raising capital from investors at such bad terms the only people that will ever make money are his bankers and the people that continue to short the stock.
Some people have no right to raise capital because although they are not a scam, there is no chance of their stock increasing because management is inept or they don't understand the markets.
I hope you understand that SMME did a convertible note that is toxic. That means you may have a few UP days with the stock, but inevitably it will go down.
Convertible notes that are at a 35% discount to market are TOXIC financings which means the stock will go down 100% of the time.
There is no if's, and's or but's
It a financing that ensures a drop in the stock price.
Really
You say market makers are keeping it under 2 cents
Maybe its all those convertible note investors that keep getting shares at a discount and selling the stock because they will keep getting more and more shares at a discount to market so it is worth for them to sell at any price.
According to the 10K they owe about $5 million in convertible notes.
All those notes convert to common stock at a discount to market, sometimes as high as 50% discount. Everytime the investors which is the note holder gets shares its at a price that is a discount to market which means they can sell at a lower price than last trade and the investor still makes money.
Do you people not know how these convertible notes work.
Alan Collier is the guy that gave proforma numbers of $300 million a few years ago. He actually had the balls to say the medical device company was going to do $300 million in revenue.
At the time he was either the stupidest CEO of a public company, or he lied about those proforma numbers to generate so much liquidity in the stock so he can raise more money through convertible notes.
Either way, why would anyone invest in a company that has such a monster running the show.
STOP feeding this guy by buying shares that he keeps selling through equity lines or convertible notes. People can be so stupid sometimes
definately wrong to call someone retarded.
a person's decision with money is a private decision based on many factors
As for your post the other day:
ars_2014
Thursday, September 29, 2022 3:43:47 PM
The company will put the Doki's in BK so they would never ever be able to enter the public market ever again. Those doctors will have liens on their businesses. It's all over for them and all restricted shares will be cancelled. That's my opinion.
Time will tell but this stock will definitely trade much higher. JE's investment cost is way over .50c since 2014
A company can not put someone into bankruptcy
The arbitrator made his decision and now it is up to Reliability to collect. We do not know if they will ever be able to collect, but the one thing we do know is that Reliability does not have the ability to force those people into BK
A lien can not be placed on a doctor's business. A business is separate and legally not obligated to make restitution for an unrelated incident.
The shares they own are still their shares and that really really means that there is a lot of wiggle room and probably a long long long time before final determinations will be made and payments are ever collected
As for your opinion that the stock will trade above 50 cents is your opinion. Much like the person that is selling 10 cents for 469,500 - an opinion and decision being based on speculation not being retarded
if you feel JE walks on water than so be it
but try to act your age and not someones show size don't call someone retarded
it's unbecoming and be careful because you may someday have a mentally challenged person in your life or family and you will find yourself being hurt when someone calls that person retarded
if you think RLBY will go up then I wish you the best of luck
but me at this very moment i really like the business and think the potential is there but the unanswered questions about all the legal stuff leaves a black cloud over the company's stock and i am not yet making an investment not yet at least
that does not make me retarded, nor does it make you retarded
it just means we see things differently