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Ezra can’t even file a Form 10 but is now concerned about his next R/M?
He has not even completed this first one. SMH.
Don’t worry as retribution for my mistake I hit the ask for 5,000 shares.
Maybe some day we will get RE news.
To be fair the audits were actually late and required an extension.
Yeah that was my bad, sorry!
It’s only been 136 days since RE has been discussed. What’s the big deal.
They are not on the website. It’s really that simple. Click on “Team”. Not there.
They were on there yesterday. Tonight gone. Perhaps Ezra or Cotler can offer insight.
Bill Phillips and Sara Elgin. Removed from the website today.
Bill Phillips and Sara Elgin have been removed from the website.
Perhaps Colter is just cleaning house. Regardless the silence is deafening.
There appears to have been a shake up within the real estate division. Two departures per Reliance’s website.
The remaining crew outside of Colter look to all work for Efficent Property Management. Ezra appears to be struggling pulling this all together.
135 days and counting with no RE news.
You honestly get answers from IR (David Waldman) that are not vague and lacking key details?
Post it.
IR (Crescendo Communications) says “they are well underway and we’ll be providing further updates as soon as practical.”
That’s a pretty underwhelming response.
Dec 30, 2019 PR states: “Most recently, we executed the contract to acquire a 260-unit multi-family property and announced a letter of intent to acquire a multi-family property consisting of 176 apartment units”
135 days later and we have not heard anything more. Not very good follow up in my opinion and it’s fair to be critical of the company.
I will continue to reiterate that the 117 units from Nov 19 PR must be in the Q1. No excuses.
I agree but the March 27 PR did state the Form 10 would be filed “shortly”.
We are now 48 days and counting.
No filing of the Form 10 tomorrow would be extremely disappointing.
Once again, the only date communicated was May 14th for the annual report. That happened.
However, I can’t deal with many more “well underway” or “shortly” PR’s.
We heard “shortly” in the March 26 PR regarding the Form 10.
Want to know it was executed. Volume would indicate very little was actually repurchased.
If $500 million in RE in 1-2 years was the goal we better start seeing a chunk each quarter up to August 2022.
I would also like some insight on the stock repurchase. How much of the one million shares have been purchased by employees?
We know what the first RE will be. 117 units. It needs to be the Q1 and we need the Form 10 ASAP.
Thanks, I have a calendar.
Is the expectation by all that it will be filed by the 14th? That was the question. The latest PR resorted to vague terms.
Is the Form 10 being filed by May 14th?
No pumping. I am just able to read and retain information. Its pretty simple.
“Construction of the first 117 units was completed in 2017 and is 97% occupied.”
Will be interesting to find the previously unannounced appraisal value in the Q1.
$500 million in RE still in play.
PR clearly stated 1-2 years.
117 units in Q1.
117 units will be the first real estate unveiled in the Q1 due June 29, 2020.
From August 14,2019 PR: “Upon completion of these three acquisitions by Reliance Global Group, we expect the annual revenue run rate of our combined agency business to be nearly $5 million, and cash flow positive."
This was confirmed yesterday.
Appears to me everything is track. People must actually the PRs to be informed.
August 14, 2019 PR states: “In the real estate sector, our goal is to acquire multifamily properties totaling in excess of $500 million in appraised value within 1-2 years.”
This remains on schedule.
The Q1 filing needs to show this from November 19: “RELI intends to complete the acquisition of the first 117 units in January 2020. Once completed, this will be RELI’s first acquisition in the real estate sector.”