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Hey Baseball - is anyone shorting this sticky turd?
Must be a midget or an NDA holder shorting. Either way they are right. This poo poo is circling the bowl
RELI's credibility is shot!?!??
Buddy, there are death row prisoners with more credibility that Ezra and RELI. This is NASDAQ’s Marie Celeste. Ain’t no one buying, trading or believing a single syllable that comes out of this issuer. The guy needs to find a new gig and go private.
Rectosigmoidoscopy Gorgonzola's business model makes less sense than than Reliance Glowballs fantasy Real Estate plans. Bring back the Merchant, REIT, the dividends and the informercial swahili the biggest pink (redacted) ever!!
The difference between the two is that Lemonade is an insurance carrier and agency, meaning they underwrite the policies that they sell. Hippo on the other hand is just an agency, they do not underwrite their own business.
I guess we now know why OHIO only - Fortman Insurance Services LLC
Ottawa Office
614 N Perry, St. Rt. 65
P.O. Box 364
Ottawa, OH 45875
Ph# 419-523-4500
Fax# 419-523-0045
Bluffton Office
138 N Main St
P.O. Box 108
Bluffton, OH 45817
Ph# 419-358-4600
Fax# 419-358-0046
I guess some RELIABLE GUMBOOTS longs have come to the conclusion I came to over 24 months ago.
When a berk says things like “you ain’t seen nothing yet” and “this is all kids stuff!” It’s painfully obvious what’s going to come next. Brazen buffoonery buttered with bad businessmen. Telephone games played with bad acting NDA holders. Using pious religiousness intimating truth, integrity and honesty. A faux Billionaire resume with no reality whatsoever. A circus barker, a hot house flower, a blowhard, a litigious fantasy weaver with more fables than Hans Christian Andersen.
Eggs Benedict - as kosher as Christmas
Any or all of these alleged relationships with insurance carriers could be as tenuous as my wife’s used frayed dental floss. Any reality to any of the alleged carriers in a legitimate business association could easily be as real as billions in multi family property portfolios ready to be “rolled in” to Relevant Gonads.
I’ll repeat myself; the only truly trustworthy information that this issuer will ever publish is audited ‘K’ content. The very fact that our local amusing NDA holder and the other company relationship notice this stuff makes it shady to begin with.
I recall Mr Beyman was admonished by the SEC for the inclusion of property in a registration statement that had nothing to do with the issuer.
To include names of insurance brokers or carriers on a ‘coming soon’ web advert is in no way a guarantees that an actual relationship exists.
Fool us once - shame on us… you know how the rest goes.
Who is the chairman of the audit committee or the chairman of the ethics committee? Ethics … ‘it’s all kids stuff!’
gabi.com
insurify.com
thezebra.com
compare.com
It’s become a very crowded space which is great for the consumers but lousy for the brokers competing for razor thin commissions. Funnily enough all these competing insurance comparison URLs feed the same cluster of carriers.
8 shares? Looking for a double bubble 2 bagger? Who could resist such a bet?
I have to point out the obvious - Insiders are unable to sell their restricted shares. The rules about what Eggs Benedict can do with the majority of stock that he,or Debra or his private company (if it exists) can do is sell tiny amounts based on dismally small volume and he, or those related to him must file disclosures with the SEC to declare inside sales.
He’s basically stuck with tons of “stiff, restricted’ common stock and naturally restricted preferred stock. That was why I was so interested in a single day of huge liquidity ( when this pos traded 50m in a day) using matched ticket wash trading. I think company’s that do that think that shareholders got off the last turnip truck and as it turns out a single tiny acquisition and a one day pump and dump round trip to nowhere explains the activity adequately.
As far as building a website to compare auto / home coverage in Ohio or every state in the country, it’s been done to death by the guys whose relationships with the carriers made the exercise economical. New comers to that game should take a couple of Advil and go back to the drawing board.
Everything prior to February 2021 was bubblegum bs IMO. Everything after February 2021 is the death knell of Eggs Benedict and the Reluctant Gobstopper.
All my opinion (as usual).
Most holding RELI are down 80% or more.
Why sell it and take a loss now?
Most of those waiting for the launch of a comparison shopping insurance website are sure to be as dissatisfied and disappointed as they were with the demise of Eggs fantasy Real Estate portfolios.
Marketing for insurance business online takes millions of dollars of constant month after month of spending. The days of ‘if we build it they will come’ were over in 2001.
Using a cancelled LOI as a reason to hold RELI shares through the 2020 year end when a tax loss could have been taken is executive cruelty at its worst. The issuer has created a pattern of pumping LOI’s that do not bear fruit. A permanent bullish stance is illogical and is sickening to most.
Hot wings and Mexican beer fatty
I don’t predict a delisting. A second reverse split would ensure against a delisting. With such a huge (2bln) authorized share number, avoiding delist is very easily accomplished. As long as the issuer has no remorse nor cares about it’s fully paid and non assessable street name common shareholders.
Thank you both for the compliments. Port … good luck with your second. Yes this POS is still trading. I’m looking forward to reading the next Q but my true interest is reading it’s K as I’m not entirely sure I believe anything unaudited from this crew.
The insurance space that Eggs is in has become extremely crowded, particularly online. I’ve seen more brokerages consolidated than new ones open in the last 18months. The razor thin margins of auto / home brokerage do not lend themselves to the over spending ways of start up public companies, therefore I’m expecting continuing losses for Rectangular Granular. Looking at their last audited G/A, with low gross revenues and without the secondary offering I think they might have run dangerously low on corporate cash.
Longs are patiently waiting for the 5 minute whiz bang comparison shopping insurance website. I’m entirely unsure how much traction this would produce when compared to the competition. The marketing budget for web shoppers for insurance can be in the millions per month. Without the web marketing spend I do not see brokerage commissions coming anywhere near to breaking even.
Buddy!!! There’s a lot of interest in how this issuers story ends. I don’t own any now as it’s far from a bank quality security. My investment trust can buy or sell it either. I think it’s like a slow moving train wreck - you can’t take your eyes off it although you just know it going to end badly. Be well man
I don't know if the 'they' in your sentence is referring to the issuers material insiders, affiliates, associates, officers & directors but it would certainly be seriously foul play if 'they' dumped 10,000,000 common shares in the two or three days leading up to the reverse split.
I don't think 'they' had 10,000,000 shares to sell unless 'they' had squirreled shares away to non-affiliated parties who sold then on behalf of 'they'.
I heard that a rumour about a hedge fund trader who short sold tens of million shares each day for three days prior to the split then covered at 85 : 1 as it dropped post split below the secondary offering price. Clever guy made a killing.
Dedicated longs thought they were short squeezing some market maker when in fact it appears the opposite was happening and naive shareholders where handing out free money only to be left with a 90% loss.
As far as I recall the issuer made no statement publicly regarding the Sept 2020 LOI to acquire a national brokerage. It appears the deal was cancelled prior to S1 becoming SEC effective as the SEC required details of the acquisition target including the targets financial disclosures.
The Company gave no reason(s) why the deal was not consummated. Dilution seems to be a posters ‘opinion’.
I don’t think I shut him up but it was semi amusing;
From: Q@gmail.com
Sent: Friday, May 14, 2021 10:44 AM
To: G Dieterle <gdieterle@feamanlaw.com>
Subject: RE RE: Cease and desist /Reliance Global Group Inc./Q
Gordon Dieterle,
The issue you address is as follows:
Mr. Beyman is on a YouTube video – his statement on Feb 26th, 2020 is as follows.
...."in fact anticipating that we bought the domains for several insurance names. one minute, three-minute, five-minute insurance “years ago”
knowing that this is where it’s happening, because the truth is .......
I concur Mr BBall. The dissatisfaction and disappointment with Reliable Glandular, its officers directors and general stock performance is the center of this malaise. The executives have let shareholders down in ways that are usually reserved for the worst of pink sheet deals. Dozens of press releases mostly soapy bubbles, announcements that’s meant little to nothing, deals that are unfinished or unconsummated, self imposed dead lines that are missed or ignored. A sad lack of corporate transparency and a nagging 80+% loss for many holders. A disgusting waste of shareholders money. A disgrace to Nasdaq listing quality and a secondary offering that fueled absolutely nothing of evidence thus far.
I restate : The purpose of this board is the discussion of RELI, its officers, operations and stocks.
Posts that include content about other users of this site, including Moderators, are off topic at a minimum.
All opinions, whether positive, neutral or negative, are welcome here.
Talking about/attacking other Users is not.
I strongly suggest that this ongoing debate about who sold what and when, with or without inside or executive driven information, NDA holders and non NDA holders, threats and counter threats, off topic personal fluff and other assorted drivel cease and the subject of conversation is Reliably Globular, it’s officers and it’s stock and warrants.
All other posts are off topic.
Aha!
The one who tiptoes to my room every night just to sprinkle stardust and to whisper….
The purpose of this board is the discussion of RELI, its officers, operations and stocks.
Posts that include content about other users of this site, including Moderators, are off topic at a minimum. All opinions, whether positive, neutral or negative, are welcome here. Talking about/attacking other Users is not.
I guess longs have to wait until very late 2021 / 2022 to see if the new whiz bang robotic web site does the trick and the pps gets back to $33. I can’t imagine that myself. Maybe Eggs Benedict will go private again or better still reverse split it again. It’s a fun game being public.
Any Real Estate? See you next Tuesday maybe
Where’s the Merchant?
Where’s the REIT?
Pre split - $0.035. Fantastic performance
In my opinion Issuers who believe that bulletin board posters are the reason they can’t run a business or keep investors usually ‘can’t run a business’ or ‘keep investors’.
The last time I spoke to The issuers attorney we mutually verified the CEO’ misstatements regarding the alleged purchase dates of certain URL’s that were key to the debate.
I haven’t heard from him or the issuer since. Being asked politely not to call someone Fagin or other jewish slurs hasn’t improved the stock price or the Csuite’s acumen at all.
The NDA holder still still smell like rancid fish but I guess soap is hard to find on rockaway beach.
I was advised to ask you
Is that the same berk that advised you to tell everyone that buying the common pre split would reduce the reverse split? Does your advisor wear a big red nose and clown makeup?
….it is odd that two NDA holders and a third clown/ investor who claims to have close to the issuer drove the naive belief that buying up the common pre split would change the disastrous reverse split ratio. I guess none of them read either the secondary prospectus or the effective S1 as it was all spelt out in black and white cookies. The only reason to lie about that was to sell into the higher price. Those that didn’t got killed in the split and then the drop to secondary opening price. It’s dropped another 50% since then. What a bloodbath, and there’s still no answer to the mystery of the 50,000,000 shares pump and dump day.
So what’s the float now?
It’s very typical of control freak narcissistic personality disorder to blame everyone else but themselves for their delusions. This NDA holder has been spewing lies and distractions to Release Glands victims for well over two years now. The NDA holder has put lies in writing to many supporting untenable positions that were outrageous lies. Many shareholders have lost their shirts and pants supporting Eggs Benedict and his nonsensical plans.
Mr BB. It’s hardly a good scam. A scam has flowery imagination and makes predictions that can’t ever be true. This total rubbish keeps up its game with delays and self imposed dead lines for businesses that would succeed only if they suck seeds. I’m so shocked that the cheerleaders still come here to defend the landfill. But it is fun to watch
$ 0.038 pre funny how it’s a short and distort when it’s actually circling the bowl heading for the hole
So is this a good stock ?
What’s all the red writing for?
Reliable Globus is a target for expensive explanations! Short and distort with false rumors and humiliating opinions. This stock is just tearfully ear-fully awful. And to imagine that the Csuite is trustworthy afterward after all we’ve seen and heard. Those old people were right, second only to the laughing face when you got the wrong ones wronger than all the others. Holding this gargantuan garbage is stink all over the fingers like a dirty crotch of unresponsive shank suck