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This will dump below $20 next week. Get ready for the offering hahahahaha
This will be under $20 on Monday, forget about $200 LMAO
What a perfect call! hahahaha
It will not. Pennies - yes.
Hahaha Can't wait when this POS opens at $40 and closes at $15-$20 lol
Testing previous resistance as support + support at 21d SMA. If breaks that most likely goes back to 0.005
I did numerous times from 0.20 to 0.13 LMFAO. It's actually -6.7% today LMFAO
You are very welcome! That's the strategy I'm using.
Confirmation of what?
Huh? I don't understand you. How does the "short" relate to the points that I provided? How does all of these relate to the 3 day weekend?
100% agree! Glad to have a conversation with smart and intelligent people. Cheers!
What did the CEO accomplish in the 6 months apart from the name change? Increased the A/S to 2 billion? Didn't win the court battle against EMA?
Haha
I don't think any brokerage would borrow one a lot of shares if the float is that small.
I also don't think someone who manages risk would agree to short a pink sheet low floater on even 1/3 of a position. But it is possible to short it.
The statement is false, I'm not even surprised. I can confirm I was shorting this stock with Interactive Brokers. I'm sure there are plenty of smaller brokers that allow to short it as well.
Ezra is doing a great job destroying shareholders value by giving away 50M+ shares to friends and family and laughing loud when people ask him when financials will be audited or when his own assets is going to be transitioned into RELI.
Bids are getting destroyed while asks are getting bigger and bigger. 200k + to get to 0.16 lol
Weak hands are getting out for half year = 26 weeks lmao
Can't understand the genius of the scam CEO
Stock is down as I said it would be.
Fake breakouts are sold down, 200d SMA is finally got broken down. DESCENDING TRIANGLE is finally breaking down. 0.13-0.12 is the last area of support, 0.08 next haha
Remember, when Ezra said in the email that RELI will turn around and go up very soon and breakout will be brutal? THE STOCK PRICE IS DOWN 20-30% SINCE THEN hahahahaha
BID 0.0137 ASK 0.18 - haven't happen since it was at 0.03. The market reacts very well to the massive future dilution for friends and family hahaha. There will be so much blood this week!
This will never reach $5, not to say $10 lmao. Let's take today's true valuation of this stinky pos. A/S is 2B shares which will get unlocked in the near future. Multiply it by the current price at 0.15 and you get a 300million market capitalization. Market already baked in all the LOIs including REIT and insurance companies. The most perfect scenario that could happen (which is HIGHLY unlikely) is tripling a market cap to $1B, so hypothetically the price per share could reach 50 cents max. In the real world in will bleed or stay flat until the reverse split happens to reach $5-7 share price in order to uplist to the major exchange.
But again, that's the perfect scenario. Company can't even audit their financials lol. Money is over so they couldn't afford to pay rent on Manhattan anymore, so they moved to the middle of nowhere and printed huge amount of paper to dilute it.
How is the risk vs. reward for the potential investor is going to be?)) There are so many more attractive companies out there with way better management and execution.
On January 24, 2019, the Issuer Issued a total of 54,853,248 restricted shares to 463 unaffiliated persons, upon conversion of 5,485,325 preferred shares owned by Reliance Global Holdings, LLC ("Reliance LLC").
These shares were issued without any legal obligation by Reliance LLC or its principal, Ezra Beyman, who is also the Issuer's CEO and Chairman, and are therefore "gifts".
LMAO This is so ridiculous, what a s show! Money laundering, giving out shareholders equity to friends and family TWICE THE NUMBER OF SHARES of what the float is. Friends and family don't need to buy, they just get a free paper collapsing shareholders value!!!
EZRA EXECUTES!!!! Hahahahahahahahahahahaha
NET INCOME -400,509 - LOOOOOOOOOL
Insurance companies generate trillions of dollars, multifamily homes will pay 1000% dividend hahahaha
Next week will be blood in the streets. Hide your wives, hide your kids. Not to mention almost lost court battle to EMA financials!
Bid 0.12, ask 0.1629 - indication that it will go lower tomorrow!
Ezra is laughing when someone mentions audited financials or lost court battle against EMA financials
Ha-Ha-Ha
What kind of surprise? I keep hearing it for 6 months. Failed to break 0.21 on multiple occasions, failed to hold 50dma, volume is dead, no one is buying, huge walls ahead. This will more likely get a bear volume than a buying one hehehehehehe
That was too easy hahaha Now on to the 0.02 and lower!!
Called it perfectly! It dumped right to the price where it was before the pump. 0.10-0.20 range.
Lmao NO ONE WILL BE CHASING. Even if it breaks, there are about 400k shares to push it to 0.20, around 500k to break 0.21 and more than 1.5 million to break 0.24.
If you are reading this and doubting, don't buy now. It's been dancing on this level for 6 months now and have no signs of going higher. It actually has a set up to break lower. So wait patiently for your entry.
Just like that. 0.2799 is now on the ask.
P.S. for education purposes. non-dilution doesn't make a stock an automatic buy, and if a stock is a low floater - it goes really fast and brutal. in BOTH directions. It went up brutally, now its time to go back down.
Even if RELI becomes REIT in the future and NASDAQ listed, there are so many culprits everyone is so silent about.
The realistic timeline is 3-4 years minimum judging at the speed Ezra executes LOIs and financials audit (which easily may not ever happen). Also, the amount of shares in the float for the REITs listed on NASDAQ or NYSE ranges between 250m-800m shares. Which means almost a 100% possibility restricted shares will be diluted in the float and a stock price will die slowly as dilution occurs and a future Reverse Split to reduce amount of shares from 2-3B to 200-300m (1:10 R/S) and drive the stock price to the level that will be favourable for the NASDAQ listing.
So in the nutshell, it is possible to get a 100-200% return from the current prices within a 1-2 years timeline (if there ever is going to be a pump regarding audited financials), but in the long term one will lose money or will get +/- the original invested money minus part that was eaten by inflation.
No record books, no 10 baggers, no epic runs will ever happen to RELI.
That was too easy. Silly 100 shares ask smacks won't fool anyone while there are thousands of shares dumping on the bid.
It might happen, but highly unlikely. More so, it will break 0.26
I'm not holding this ugly stinky pos to dump) When this dumps on monday, I'm pretty sure people will vanish and no one will be waiting to buy the dump LMAO. In fact, there will be a ton of people waiting in line to exit their swing.
Oh i can see this :"Weak hands are selling to strong hands, next week this is going to the moon" hahahha
Break of $0.26 and it will dump to $0.18-0.20. Matter of time
Can't believe anyone buys prior to reverse split. Go check and out what happened during the last R/S.
Can't hold the gains hahaha
This will dump slowly.
Yes sir
This will open near $40 with a huge red candle down. Will close near $20-$25