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I ve been 2 years in this stock, finally good to see positive moves!
I ve been here all along, but had not posted anything in a while, waiting for significant events, that s all. Gosh I did not miss these conversations on ihub, thats for sure!
And I've been here 2.5 years. We just did a major step forward, and you whine as if it was the end of all... If you waited 2 years, cant you wait a few more days?
I would love to see positive news too, but seriously it s been 3 days only!! This impatience is beyond me...
No news? We had a PR yesterday about the offering... Again, people want everything right away... Give them a few days before drawing a conclusion! If you re right, I ll be the first to recognize it, but it is just too early!
When the price will go down for any stock, you expect the CEO to show up and say "hey be careful, price will fall, you should sell"? LMAO.
Actually when thinking about it, it was all in the papers. But you re too frustrated to admit it. The only people you can be pissed off against are the ones who made you believe the RS ratio could change at the last minute...
So you re blaming the CEO who did what was in the papers, but at the same time you re saying that you believed people on this board that the RS could be adjusted?
Well, you should just blame yourself. Bozo Might be a bad CEO, this one is not on him as explained many times on this board...
I m also surprised by people willing to jump from the boat just 3 days after reaching Nasdaq, as if nothing will ever happen... I guess that s still the OTC mentality, people want to become millionaire overnight...
Good for you, but I dont really care...
I m sure, I m just messing with him. He told me I was new at trading, so I just wanted to respond the same way he talked to me .
OK, so you just recognized you are bad at trading. That s what I thought.
LOL. I m in RELI since 2018 and made several profits during a few spikes along the way.
And apparently YOU did not comprehend the math... You must be either new to trading or bad at it... Check again...
Just what we were expecting. So to the clown who said Tuesday's volume was coming from shorts, that s the proof right here!
Now the LOI is next!
LOL OK, there was a 2 million volume on Tuesday, so you re saying it is to cover the shorts who sold on Monday? Then how do you explain Monday's volume was only 150k shares or so? (volume based on price after the RS)
Please stop spreading lies on this board...
LOL, so risk being delisted after all these efforts? Please...
I think we will stay around 6$ as long as we do not get the confirmation the offering has been completed. But seeing Tuesday and Wednesday volumes, I m pretty sure it happened already. As soon as we have this confirmation, price will raise.
Again, they did nothing illegal, neither wrong. If you ve been mislead, it is not by the company!
Think about it: insiders lost 80% of their money too, but they know it will go back up!
Do you think RELI wanted to screw them too? of course not!
Nothing changed for the company, except that now we are on Nasdaq
Very simple: they looked at the pps last week around 0.07 and made the math to see what ratio they should use to get to 6$.
Seriously man, you obvisouly dont get it, but at the time they could have not announced another ratio because there was nothing to support it, how could they have guessed it would go to 0.39? Also changing the ratio would have jeopardized the offering, nothing else to say.
You re frustrated but it s not the company's fault. Just buy more shares now and you will be happy when it goes back up.
Exactly, there is no point in selling now. Also remember that we all lost 80% of the value of our shares, but it is the same for insiders! Of course it would have been great to sell Monday before close and buy now, but we will get back our market cap very soon, thisnsituation is only temporary. They did not do all te effort to go to Nasdaq for nothing! I know it is frustrating but just look at the big picture!
Also look at yesterdays volume, we stayed around 6$ because they needed to sell the 1.8 million shares at 6$, but this is done so we can look ahead and pps will move back up.
I might be wrong but this is how I see it, nothing has changed in company's plans, big deal is still coming as far as we know.
My thoughts exactly. Good post.
I was able too (with TD in Canada).
Thanks for the analysis. So worst case we would be at 50M market cap. To me that sounds like there is room to go up from here. I dont need much to be back to green so I ll wait, I m sure we will be back to the 20-30$ range quickly and maybe higher depeding on news.
Ezra did not choose to go to Nasdaq if there was nothing more to come. All IMO of course.
What's the OS now? Is it 4 million? Or 4 million following the RS plus 10 million in the offering? Just to get the market cap. Yesterday we closed with a market cap of roughly 140 million I think?
In any case, a pps of 6$ doesnt make sense, pps will go up, you dont lose 80% of your value just because of a R/S during an uplist.
I m ready to wait for a few more days once the dust settles, and I bought some shares at 6$.
Same here, got a few at 6$, hoping it will go back to where it was yesterday (35$ or so)
OK thanks. What a mess... I hope it all works out and pps goes back to 33$ or so where it was supposed to be based on closing pps...
So why are there 2 tickers: RELI at 9$ or so and RELIW at 2$? Which one is the good one?
Glad I held on this one! Finally a good run!
smh... They just took the price without making the conversion! What s so complicated to understand? Go to other websites like yahoo finance! Or find me the analyst who gave a target of 648$ for example. Spoiler alert: there isnt!
And yes we are way above the lowest prive target, so what? every analyst jas their own way to determine the price, and some believe NIO will go back down. I m sure we will reach 100$ in due time but some people have the right to think otherwise.
??
Target price are between 98 and 648 RMB, with an average of 388.
So in $ the range is 15 to 100$ with an average of 60$.
What is not clear here?
Sorry for sounding condescending, but I m tired of people posting things without even taking 2 minutes to check.
Go to yahoo finance and check their targets, surpsingly for you they are the exact same targets if you divide by 6.48 which the currency exchange rate between RMB ans USD.
By the way with this rate the highest price target is now 100$.
No they are not. Anyway, believe what you want, I know I m right.
No they are not. If that was the case, the lowest target would be much higher than the current ptice. Find me one stock where ALL price targets are higher than the current price.
Currently the highest price target for NIO is 98$, check you sources again.
These prices are in RMB, not in US$.
I think all these price targets are in chinese RMB (even though it says $). 457 RMB = 71 USD.
Otherwise it does not make sense that the lowest PT is twice the current pps.
That s less than 10% dilution. Sonpps will be 10% down and we take back our march up like before. No worries here.
Haha yeah, and I m not saying it is not a scam, but your post was just nonsense. Doing what he did does not prove it is a scam, it s just what you do when you do a reverse merger. Time will tell!
LOL, do you know how a reverse merger works?
No thats the percentage of the OS. Not sure of the float but for sure based on this it is under 1.15B.
His math is wrong, insider ownership is 53.3, not 62.3...
39.9+1+6.4+6=53.3.
Still good, but always worth it to check by yourself...
Lol it s like saying Internet has no future vs newspapers.... EVs are the future, whether you like it or not, and Tesla is the most advanced of all companies and are years ahead of the competition. I cant wait to see what they will announce during the battery day, but I m sure it will hit one or 2 more nails on the gas cars coffin!