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Always the conspiracies with conspiring conspirators. All shorter than a white boys pugligny Montrachet. The Q ain’t terrible. Conversation Solutions was way worse. I was listening but I was driving and my questions about kosher pickles weren’t accretive to the bottom line.
I’d ask if he were asked today to invest $5m personal to RELI would he make that same loan?
Id ask if he would consider hiring a ceo with an investment banking CV and a real thirst for blood
I’d also want to know if he prefers sweet and sour pickles or kosher spears.
With this liquidity @$1 I’d open another, bigger PIPE, order another round of tequilas go roll up some assets. If it needs reverse surgery so what. $hit happens. Above all save the listing and wait for the next wave.
What would you ask?
You need to lay off the lollipops!!
RELI $$
Ok.. Ill try and relate it back to trading in RELI to keep it OT.
A dark pool - After 2008s fiasco and the Ban on Naked's the DTC woke up. They had a trillion dollar bank to run and this naked $hit was becoming tiresome. No one could ever have met the margin calls (as witnessed in GME) The entire street would go broke!! So The DTC "outsourced" the problem to several Key Prime and clearing brokers. The negative positions by this time where so huge that the DTC essentially parceled them up and the Primes bid on the parcels.
In a dark pool there is an exchange - buyer to seller but neither knows the other party as per normal exchange trading. The enormous trade sizes are not reported on any exchange for fear of unintentionally moving the Exchange market. For this reason Dark pools are a really good place to mess around with Naked positions
Parties to the dark pools - there are about 30 pools that I know of are usually hedge, instit or banks.
The Why?
Way back in the old days of EOMN two toxic funds were borrowed from. Both have evidently been settled in full for some time. IMO Dark pool hedge positions were established by one or the other ...(my bet is EMA - she's hateful) and outrageously, hilariously abandoned until they it gets disturbed.
RELI has had some very odd 'trading bursts' always timed to innocuous press releases which would normally point at the company rounding up a bit of buying. And I'm certain that has occurred once or twice. As I watched the pattern we noticed the timing and increments between. IMO it was a bed and breakfast trade resetting a price in the dark "To mark to market"
What we did battle with in Dec and Jan according to G who knows his $hit was computerized or programmed trading. As G put it "the tail wagged the dog" all the way to $9.
I hope that suffices
This $’it looks familiar.
I love it RELI does battle with the bad guys and the dark pool.
Ezra - please do not reverse split this … suckin’ this down like Gatorade
Not as much as I once did.
If I had to guess I’d say 46,324,812 issued / out, float 28,653,951. Just an opinion.
Hey B
Maybe I was right then and maybe I’m right now. I’ve had a great time with RELI stock. I’m not one to complain. Doing business with ezra isn’t for the faint hearted but I’m more forgiving generally from the experience. Maybe he’s a rebe after all.
Good weekend.
So I watched a few guys scalping in the $2’s and change with some success. It’s dropped precipitously and swiftly post effective S1. I don’t think there’s that much actual dilutive selling though. It looks to me like some weak hands had pipe stock and was impatient with the position. That happens. Without strong bid parties the market makers get to toss this around like red headed step child.
Let’s hear what the Boss has to say today. I’m sure he’s very nervous and I hope some has the sense to give him something to calm him down.
@$1 this is an opportunity stock in an opportunity business. All the missteps of the past can be overlooked with a couple of good quarters.
Longs good luck
Shorts - I hear you!
Oh woe is me and the Mrs. We ate short rib at my friend’s restaurant last night. Both of us had it pouring both north and south all night. As Rusty would say - heave too on the porcelain try keeping the rudder straight!
Looks to me like the effective effects of a newly effective registration statement. Pipes people aren’t patient pedestrians.
I agree and disagree with my learned colleagues as to what comes next for our little ship. I know what I’d do.
Good weekend $RELI.
Week 10 -.23926
Q - So what’s was the point of the RS?
A: to qualify for NASDAQ and raise a secondary offering.
Q: to just dilute a year and a half later?
A: pubic companies all raise money through the sale of shares. Dilution and expansion of the market cap hopefully at higher values is the aim.
Hmmm rhetorical question
GLTA. $RELI
Lmao. Sorry to hear that
Watch out for plenty more chop
More than just fluff.,
I like the new work Ezra has achieved in a short time period. All of it without pimping out the float. None of RELI’s finance has been toxic (even the PIPE, g-d bless those holders). This is the insurance brokerage business. One brick at a time.
It’s long overdue for the long impatient and bitter n’ twisted to take a long hike of a short pier.
If you’ve got a real bloc and your looking to exit RELI ( not RELIw) you know where to find me.
GLTA. $RELI
PS _ In no way am I insinuating that 'any' pimp, pimps or pimping would ever be relevant to Reliance. Its merely a colloquialism for the habits of the corrupt, sordid and dishonorable
Btw - perfectly timed macro old chap
How’s the diet? I lost 21lbs !!!
FOMC Weds - watch these turkeys really quack up an economy. Rusty, retail is the other shoe. SnP >3400
GLTA $RELI
Uncle Warren is talking about the cash arbitrage between premium and risk.
Buffets all you can eat on taking premiums in exchange for well underwritten risk.
But RELI takes no such insurance risk. Because RELI is a broker not a carrier.
Maybe Ezra will acquire a carrier and then they can play the float game.
Is it on my list?
Congratulations to those amazing one’s amongst us that got to cash and shorted the snot out of it while the betting window was open. 8+% in May!??? Hilariously they didn’t bake than in. It’s going to be horrid. Trust me - I don’t have to tell anyone except Rusty who painted walls with it in the 80’s. 8% will be double digits quicker than RELI could be $9.23 or higher.
I urge RELI aggressive conservation of expenses and hunker down for the storm while looking for the BIG deals that will break or are over leveraged. Opportunity is made in a stock under $5 with a tiny public float.
RELI is a semi well oiled acquisition machine. Others out there are similar, but I know every stroke this one has traded, dark pools included.
I like the new work that Ezra has done and I’m building another long position.
GLTA
$RELI.
It’s me and Asianic Two Times LLC making a peony piece tutu game market with the dark pools. It’s like 1 for us .08765432 x85.71 to them. We think this stock has lots of potential upside under the right circumstances.
It’s insignificant what the CMS commission-pay rise is. eHealth has totally missed the market. The first thing eHealth needs to do is close its Indian and Pakistani call centers that continue to cold call Medicare beneficiaries against CMS rules.
The more we see Kenny in the news the nearer C is to the abyss
You never know. You might get a second bite of insane idiots running it up pre split coz’ lemmings are lemmings. I strongly doubt those same circumstances culminating again as previously mentioned. In fact I’d place a bet on it being impossible to repeat even if one had garlic sausage for breakfast
A gentle reverse split cures that problem.
Onwards and upwards.
TREE on its way down to the second marker
My best to you my friend.
Concur eom.
Is this it?
$RELI
I’m glad you disagree. Based on that self service Medicare proposal I should short more Ehealth. Anyone that’s worked in Medicare knows that beneficiaries are not adroit with computers/smart phones / technology generally. Self service Medicare is likely in maybe 10 years time.
It could be worse
Hit that Bid $$$
But but…
Who would they ever find if they ever did get the clue to put Ezra out as Chairman Emeritus Lake and Palmer? Who could step in and drive this? Who would know how to communicate to all these executives who add only a thimble of value? Where is the grande exit plan?
If you loved RELI at $8 then this is the bargain of the day
Well, in Shana’s defense I’ve not met her in the flesh but I have exchanged sufficient telephone conversation to know she most certainly isn’t Ezra. Ezra on the other hand is most definitely not Shana unless he’s a shapeshifter. Ezra is diminutive in size and a very softly spoken man except when releasing press - then he roars like a hungry tyrannosaurus rex!
That serves you right for doing the splits over a blow lamp blindfolded!
Reli$
Frickin hilarious man
$RELI
Let me tell you something, $RELI.
Passover gives me wind and heartburn!
This matzo balls are still digesting and the gourmet handmade kreplach! I should sue that chef today.
Oh you lads do make me chuckle