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Hello everyone,
Know my name is dirt, so I guess this is catharsis and some closure. Sorry for not posting this way sooner.
I apologize to everyone and how I contributed. More than just this board bought and held, and while all could have sold, my words meant many did not. Respect to all who took green.
Was never paid - everything was genuine. Traveled on my own dime and time, took photos, made calls, updated the board, and wrote those lines. Wasn't responsible for all the good or none of the bad, but always relayed this board's advice.
Now RELI - These are hard truths. What drives someone who spent so much to support this stock to post this?
The share price, 2 R/S, and failed deals are evidence enough. We relentlessly relayed a R/S without major news to NASDAQ would destroy us. And here we are on #2!
We are all human, but if we don't make changes or acknowledge missteps, there is no trust. So where are the hard decisions to clean house? It's not personal, it's business and an honest assessment of the facts that have led us from .97 to here. Wow, where we flew. Let's hope hard lessons have finally been learned.
Apologies again and hope everyone finds closure as they can.
Werevu
Morning everyone,
(Slight belated edit) - I know we are all hurting, but wanted to check-in.
Obviously mad disappointment about where we are, but working hard to get out. Ezra's still committed 100%.
Not defending the past, but the insurance company they PRed back in Sept is the real deal. They know this must succeed. So thankfully, it is all those things they discussed - 140+ offices, national footprint, etc.
They are amidst the S1 and are feverishly working so they can reveal the company to shareholders and show why they are talking about Goosehead and other insurance firms so much.
Stay safe and hang on,
Werevu
Hello everyone,
Hope you are well as you can be in these trying times. Sorry for being a ghost, but currently in a busy time professionally with little time for anything else. But I still talk to Ezra and relay our concerns. Still here and in this 100%. (And red like many of you) And what I express here I tell him personally.
Of course I was hoping our situation would improve during this time but yeah, let's talk RELI. What a rollercoaster.
First off, I know many are calling Ezra a liar and I understand the frustration. He's real though and it hurts him both to see where the stock is and how it came to this. He didn't do this on purpose. I said I understand his hurt, but people feel deceived as this is nothing like we all expected so far. Too many missed deals. Told him to own the missteps that got us here. People value the honesty. Plain and simple.
So yes, they mentioned R/S. First let me promise that was never the hard plan. Since the start of my NDA that was something I drilled as not necessary and wasn't seriously on the table because we had all the Real Estate outstanding. That was the key, but we missed that opportunity. And no, they weren't lying about the RE or purposely deceiving, but we missed key due diligence, announced too early, and were too bullish about a crazy RE market.
If it happens, plain and simple to succeed, the R/S has to be implemented properly. S-1, Insurance Deal, NASDAQ Uplist, and anything else close together in a make sense order. And then hopefully their own R/E at the end to solidify their position. I'll be in plenty of phone calls and discussions because it's to the point that if I'm not allowed major input, I might need to reconsider my NDA. For all the time and effort, it makes us all sick being here. We can't continue on this path.
Despite all our tribulations, my excitement lies with this insurance deal. It is a big acquisition and really does put RELI to that national footprint they promised us from the beginning. RELI knows they are very much in the last chance saloon to make people believe again.
I'm not sure when this might all go down, but we all know it must be bang bang bang as that's the only way we jumpstart out of our current declining vegetative state.
Stay safe and healthy and don't worry, I'm on Ezra more than you know. As low as we all feel right now, he's still committed to making this a success.
More SEC context, no excuses.
I know IR responded to some, but here's more.
With the SEC still working remote, RELI didn't get comments/questions back until about 1/2 through the 60 day window.
Not excusing why they couldn't respond within the remaining 30 days or communicate better with shareholders, but they are answering for all the companies, some of which are still remote. There is nothing abnormal in the SEC questioning, but they are making sure everything is straight.
Ezra's aware this is sudden septic shock on top of all the other bad blood, so he understands the terrible look and the need to rectify it ASAP.
Despite this, we are still real. You have my word I'll scream to the board if it ever isn't. Plus, RELI is leased in that building for a while and isn't going anywhere. Besides, like many here, I'm red too, so Ezra knows if my tune changes, he's done.
Lastly, I know I randomly appear, but that's not my intent. RELI just doesn't pay my bills, which is too bad cause we'd be in a better spot if it did.
Besides, even with my insight and pestering, I can't make deals happen, which is the only way we get out of this prolonged mess. What I can try and do is reassure and explain more for everyone's benefit, especially as we've all experienced the impact of the current PR approach.
Chin up, and as always, feel free to PM me. I'm not on the board much due to focuses elsewhere in life, but I'll provide and engage as I can.
Most happy to report some changes are coming that will improve shareholder sentiment immensely. I know it doesn't seem like it, but Ezra and Co. have been paying attention and listening to shareholder's thoughts and feelings on this board and elsewhere about recent happenings and perceptions.
I know I've been away from the board for a while, but still here. RELI just working behind the scenes on a variety of deals. They know they can't open their mouths now without it being guaranteed.
I know we are all long and frustrated, and Ezra has alot to make up for, but either keep accumulating or look to shorter plays and stay focused on the continued long game.
Stay safe and healthy.
Late, but I'll correct your insinuations again PT.
Talked to Ezra. It's related to a divorce suit as one of the parties is just naming everyone under the sun to try and get information about a trust.
Ezra said they had nothing to do with any of their financials or management and are working to get it dismissed. I see Shana contacted them too.
I'm jealous. I never got PMs from P.T.!
Good stuff P.T. Barnum.
Glad you are liking where the stock is looking. I agree Form 10 is a great development. And ya, no one's opinion matters. Ironic admission from you now though after so much of it. All about Ezra showing he's got the deals. That will speak for itself.
But no struggles here. Just correcting phrases when they are used improperly. But I understand cultural differences can make that happen, so no harm since you acknowledged your mistake.
And who asked about your issuers? For all your talk about knowing Namer personally, I hope you were able to use that to your advantage!
Besides after trying and failing to present Ezra and Co. as fraudulent scammers, there is far more interesting and ironic information out there. Personally, I blame Lucy.
AMF. Haha, yeah right. You'll be back. Like a moth to a flame. Or more accurately, a dinosaur to a star.
Sincerely, Shakespeare.
My man halfwavekilla! Good to see you again!
Dude, it never pays to be the 2nd or 3rd act. Should branch out and do your own thing.
But, I believe in the words of another famous poster here, P.T. Barnum:
P.T. Barnum, Whatcha thinking now?
Batting 1000. Does that mean something else where you are from?
So many to choose from, but two personal favorites:
Uncleteddy,
I'm not clear what you are saying with the dilution, but if you think RELI is selling shares to fund operations, you should ask. I'm confident that is not happening, and question why they'd do it now vs. previous higher levels, or tank their price more after the CC, but you should go direct to the source.
But does seems you are mixing up the admission about the LLC loan and your belief in dilution. They said the lender loan covenants for the 19 properties can't come over at the OTC level, not anything about issues with lenders for operations and needing more cash. Also as Bull points out, they have no problem tapping the LLC.
Look, I totally get the frustration. This is painful for everyone. Unlike some like to insinuate, I am neither a paid shrill, nor under RELI mind control, and anything I say on here, I tell Ezra too. This hurts and is regretfully a self-creation. So while the CC was a nice exercise in honesty, it was a harsh lesson in market realities.
Arguably it was too transparent. Market wanted to hear about the RE, but not like this. They could of sat on a CC and combined with 100% positive news, something most would of preferred. Instead they ripped the band-aid off and we are hurting.
Besides, if you think he's lying on the LLC LOI, you should also ask. He'll answer. Not sure it will help convince you, but like most things, I was aware of the loan issues before the CC and investigations to sell as a result. And while I never know 100%, I learned about the other RE developments at various stages, then the complete status before the CC.
So let's be honest there on both. There was no foul intention and he's speaking the truth, but it was an error to drop those LOIs before investigating the issues or closing the deals. Those were the big expectations.
Didn't agree with it, but what's done is done. RELI is still 100% legitimate, but they know they got ahead of themselves and are burning the midnight oil to make up for it. We got a hint of it on the CC, but now it's time to stay quiet and drop bombs. Ezra knows the market sees his word as cheap, and will right that perception very hard.
I know things are dire now and we got much to make up, but don't count RELI out. Painful, but this is another opportunity. Been longer than we all thought, but when 8 and 9 figure deals start dropping, hopefully the belief will finally be permanent.
That's strange Triple-R.
I asked since it was an abrupt ending to me too, but was told the queue was empty. Seems like an operator error then.
Sorry about that, as they were willing to stay on for a long time and answer any questions.
If you don't get it answered, let me know.
Maybe because it was an interview about NSURE?
This is the actual title of the interview: "Reliance Global Group invests $1M in digital insurance agency's 'explosive' technology"
Kinda makes sense they would mainly talk about the topic of the interview? That's normally how interviews go yes?
Personally thought it was unnecessary, but keep pushing the no ever Real Estate narrative.
Just be sure to stick around when it shows just like the no audit call.
Here when it's fun. Here when it's not.
Painful to see this, but we know the ills.
Just waiting for the RE and SEC cures.
RELI ain't perfect. But it is real with no foul intentions. Don't let TTT convince you otherwise.
All temporary.
The post and accusations are completely baseless QA0B1.
The empty vessel makes the loudest sound.
Same story, different day.
Once again, no interest in actual productive discourse, but just pushing a narrative for division and calling out the shrills. By the way, is that me, because I'm also Shakespeare here, so I get confused?
First, there is obvious and justified criticism over the Real Estate and timelines. (By the way, it is really important to learn math and your months kids: Jan 2019 to May 2020 is 16 months, not 18.) You can't hide from the truth and it's blatantly the main cause for the malaise in the share price and the state of this board. RELI must improve and explain the situation to shareholders, and I'm confident the CC will address this.
But calling Ezra and RELI a scam and a Madoff clone might be the most laughable post in the history of iHUB. It is too dumb to even waste time to refute.
Let's remember this is a blatant attempt to cause a sell off and these contributions are from those caught telling lies again and again and serendipitous arrivals. What a tag team, but I have a feeling someone is feeling a little jealous in timeout. Or are they? I'm a tad doubtful this recent full time performance had 18 months of holding patience to never express their thoughts before.
Still on our journey, but RE will arrive. Doubters on the Audits and soon to be SEC were proven wrong. Really wanna bet against RE too?
Enjoy being Icarus while you still can.
Oh, and the CC will be open. You can quote me on that.
Oof. Completed Audits. Awkward for some...
Maybe some humility as a result? Nah, no chance.
Good lessons. Know who the trolls are. Thankfully we all do by now!
RELI ain't perfect, but they are real.
SEC Beckons!
QA0B1, don't hide when the audits/edgars arrive.
Odd speculation. They move to a bigger and more vetted firm, that firm completes audits, and they won't come through again? All of this last 20 months was for nothing? I don't believe you believe that. Reads like a cheap fishing trip for weak hands. Thankfully that clarity is coming soon.
But let's also revisit your response to my last post.
Not my style in approach, but I don't disagree with the crux of what you or Dr PennyStock said. I won't shy away from the truth, no matter how it arrives or who it is from. I took issue with the personal insults and still do, something you greatly enjoy throwing about. It completely degrades the message and is unnecessary.
Whether people think Dr is a sinner or a saint, he clearly wants the stock to succeed like all of us. Personally, I don't agree with his approach and think it does more harm than good, but it's clear his patience has run out and he won't be talked down. In any case, most have those same feelings of timeline frustration, or they are lying otherwise.
And just because I have a NDA doesn't mean I blindly defend everything RELI does or says. I praise or constructively criticize as needed. Everyone should be critical with their time and money. I'm not two faced, playing both sides, or using the veneer of online anonymity. Whether it is interactions on this board, with others offline, or Ezra himself, everyone knows where I stand because I tell you.
While the future is golden, I know RELI must show it in the now. "You ain't seen nothing yet" is bandied as a joke and that's a painful fact for all us shareholders shown in the price. Despite all the good, RELI left itself open for criticism because the meat is outstanding. The virus is impactful, but it is not everything.
Take Mazars. That was amazing news for a penny stock. But the lack of Real Estate meat means everything else is discounted. The table is not fully set. Audits, SEC, NSURE and more are the additional courses.
Despite the delays, everything I wrote in my post will happen. Ezra knows he must show the doubters his words and plans ring true. This is still the ultimate hold, but it does no good to ignore the realities of where we are. That's the only way you improve.
Thankfully Audits and SEC are right around the corner, so RELI's next chapter can begin. Don't sell now.
No need for that Dr PennyStock.
I've stayed out of the back and forth between posters and their history on here, but that was just poor and unnecessary. Even those who have no problem showing their opinion of you would agree with your frustrations about the timeline and approach, but that insult destroyed your entire argument. We all care about this stock, but that's just divisive.
And as the person whose name is on the seemingly most hyperbolic inaugural post in the history of iHUB, I'll be the first to admit things have not moved as quickly as I thought since I joined.
I also get everyone is amped up due to the double dose of Corona quarantine and RELI stagnating. The lack of RE, combined with the virus drop has us in an unfortunate rut, despite all the goodness ahead.
But despite our delays, my post is still 100% accurate, even if it is taking longer to show. Despite delays, Ezra knows the market is desperate for RE. NSURE is also criminally undervalued on what it will become. Good to see some starting to see the big disruptive future. That's just another unexpected plus to the promise of where this is going.
Plenty in action, so everyone just take a deep breath, keep holding and ignore the noise. All will come good. I know it's tougher for our recent arrivals (we'll get back don't worry), but everyone here for a while is still in good green, so let's keep that in perspective during these trying times for so many.
Doubt that's the company. RELI is just inevitable.
A nice reminder of the moves to come.
Float is locked, and this is too easy.
Just have patience, and ignore the drivel.
Life's more enjoyable that way. :)
OTC gave a blanket extension for the virus.
https://www.otcmarkets.com/files/OTC_Markets_Extends_Conditional_Filing_Relief_for_Companies_Affected_by_the_Coronavirus.pdf
With Mazars being NY based, it no doubt affects them hard too, so all tied together.
Besides, RELI working fervently to get it done before the date in the notification anyways. Talked to Ezra last night about this and more.
The virus is a kick in the mouth for all of us, but all still moving onward. Don't let the market whipsaw or certain posters scare you out of your shares. Look at it simply as another opportunity to add for a big future.
Yeah...tough lessons for some. Don't sell.
And not unsurprised to see the same agendas somehow (trying) to argue the CEO putting his own money up is a bad thing. That really is a new one. Almost beats out a flat earth on levels of conspiracy. lol
Been rough, but more Corona than anything else. All will recover. Too much good coming. Don't follow the herd to sell in times of uncertainty, because RELI is certain!
Buy more if you can at these blessing levels, and know what you own!
trader59, you can't even properly identify the owner of an insurance agency acquisition, so why would anyone believe the rest of your argument? Most of your DD is wrong. That of which isn't, is either incomplete or takes the worst assumption of RELI's intentions.
That's not a supposition, it's a fact. My statements are verifiable by disclosures, PRs, or by contacting the company. Besides, I also have a NDA, so you won't find anyone outside of management who knows more about this stock than me.
Class is in session, so take a seat.
Lesson 1.
Those shares are not eligible. As other pointed out, 1 year is the minimum. Yes, they will come off at a point, but not yet. I know that 100%. And once again, you could ask the company directly, but now it's been asked and shown to you. But you've repeatedly turned down that easy and verifiable option and continue to not believe it. Who is more likely to be correct, you as a random poster on the internet, or the company CFO?
Lesson 2.
Worse, Gary and Selena Apfel did not even own an insurance agency. Simple DD confirms that, so it's clear you did not do any. As for the other "non-affiliates," those are shares for friends, family, charities and religious organizations. Again, all findable in the disclosures. None of those shares were used to acquire anything. Mr. Beyman is a generous and religious man, he's not playing anyone for fools. His code of conduct does not allow that.
Lesson 3.
Further, when you talk about acquisitions, it's clear you are not doing proper DD. Not only did Gary and Selena Apfel not own an insurance agency, RELI has acquired more than 1 company from outside the LLC.
EBS, originally LLC, pushed to RELI
USBA, originally LLC, pushed to RELI
Commercial Solutions, direct to RELI
Montana, not originally LLC, pushed to RELI
Fortman, not originally LLC, pushed to RELI
Altruis, direct to RELI
So by that count:
Two companies originally from the LLC
Two outside companies first to LLC, then brought to RELI
Two outside companies acquired directly by RELI
So not only do you erroneously identify the Apfel's as owning an insurance agency, you don't take the time to look up and understand the non-affiliated shares, and can't properly identify RELI's acquisitions and how they arrived.
But worse, you repeatedly say you have no interest in contacting the company yourself. If you won't go to the source yourself, something impossible to do on most OTC stocks, it's clear you aren't interested in doing full DD.
Lesson 4.
Your last statement is the main problem. Sure, you objectively identify the company currently operates at a loss and has 15M assets per the last disclosures. Yes, we all know that. But what's clear is that you are projecting your own ideas of success, thinking you understand their business plan or aspirations, and assume they are attempting to dupe shareholders. That's a problem. We are all posters on iHUB for that reason, we don't have a track record of running multi-billion dollar businesses, so it's a tough sell to try and convince you know better.
More so, not only do most companies start in the red, but the current 15M assets do not scratch the surface of what's coming. In fact, it's child's play. Real companies with big aspirations take time to grow. Besides, that number does not include NSURE, something most still don't understand its power. It will be clear in time though.
But your supposition this is worth a nickel flies in the face of the exact notion why people invest. They buy shares in companies when they know greatness is coming. People aren't holding and buying because they have wool pulled over their eyes. They are buying because Mr. Beyman previously ran two multi-billion dollar private organizations. So not only is that a true asset base (can't argue against the market cap), running a private organization is way easier than a public one. it's an awfully weird thing to bring more scrutiny on yourself when you've already been so successful.
Lesson 5.
Now, I see your new target is the OS and Float. Correct, eventually the OS becomes part of the float. We all know that. But there is a lot there that is not obvious. Many of those shares in those disclosures have changed hands, so it's not accurate to just say someone will bail. Other holders have special agreements, so those shares are locked up even longer (The detailed bits of those two points are perks of my NDA). They aren't gonna let anyone hurt their business.
Also, all shares are subject to protections and limits to protect shareholders when they hit the float. So even when many hit the float, why would management hurt its own investment? In fact, the vast majority of the OS is all owned by parties know to Mr. Beyman or company related individuals. Whether for charity, religious organizations or management, it doesn't make alot of sense for the people who own the most shares to divebomb their own value does it?
End of the day, if anyone still doesn't believe his public enterprise will be bigger than his previous multi-billion dollar private endeavors over time, they are betting on the wrong color. I guess everyone selling in the .3s and .4s really just needs alot of toilet paper.
I mean, they just revealed Mazars is their auditor now for goodness sakes. That's amazingly legit. Yes, we are all getting dragged by Corona, but that's market wide. The fundamentals and trajectory of RELI are the same as I've always said. Buy and hold. So everyone take the opportunity while at these levels - it's only up from here.
Lesson 6.
Ultimately, I'm not sure who you are trying to convince. I've followed your back and forth with multiple posters, and you are set in your ways, and arguing against everyone. No one here agrees with you, so that speaks to the strength of your argument.
So as someone who knows the most, I thought I'd give some lessons. I get it's always healthy to be skeptical in the OTC as most stocks and their promises are nothing more than that. But if you are going to present an argument, please come to the table with the correct information, or at least have the decency to ask the management directly when they are so open and accommodating.
End of the line, RELI is one of the most real things in the OTC. Presenting DD that tries to show otherwise is a fruitless endeavor. That's why so many people are still here from the beginning, and are adamantly defending the stock. They know what's coming.
There is nothing to be scared of here, so I hope you change your tune. If not, I doubt we'll interact again.
Class Dismissed.
trader59, this is incorrect.
I know better than anyone on this board.
Those shares were not eligible to come off restriction at that time, and most acquisitions have not been LLC companies. And the ones that were, how else can we get their assets?
Besides, when any shares are releasable to the market, they are subject to different techniques to protect the float. RELI truly cares for its shareholders.
As others said, if you are truly concerned, email the company, or better yet, go visit them. We can't do that, or get answers from 99.9% of the other stocks on these boards. This is the real thing.
And to all. Keep holding. Hope you bought those .3s if you wanted more! And those lucky .29s! Another piece of the team shown today. And plenty more good coming!
An even better buying opportunity! Don't miss out!
I know it's been brutal, but everything still on course. Keep holding, especially now.
Hi Shana,
Thanks for the reply.
I 100% agree they are communicative and one of the most transparent out there. Also, one of the most generous.
But we have to accept the reality we have not reached the sweet spot of what the market likes to hear. And yes, Corona played it's part, but regretfully, we don't retrace 50% for no reason.
Like I said, I have no doubt Ezra will deliver, but the market is sending a very strong message. Thankfully, times like these offer an opportunity for both shareholders to buy more, and for RELI to calm nerves and unequivocally show they actually mean business.
Some words I like in times like these - At the end of a storm, There's a golden sky!
Have a good Sabbath!
No problem migelum, you are telling me.
A harsh reality for RELI. I'm still 100% confident what I said will all come true, but I'm also a realist. For all the good now and to come, RELI has not done a good enough job expressing what they are doing, or doing it fast enough. The market reaction is clear. They can't hide from that.
For a company that is actually real, this drop is beyond painful as crap companies go green.
But if there is any reassurance I can offer, it is the ain't seen nothing yet, although goodness knows we need to see it quicker.
This is harsh, but know what you hold.
I know it is hard to see on days like these, but working to clarify that asap for everyone.
Everyone have a good weekend.
Stupid, but great buying opportunity. Don't miss it.
I see some are showing their true colors and scaring people into selling, not cool. Differing opinions on what people think of me, but don't let twofaced people scare you into selling. This is real.
To clarify the Conference Call, I'd expect it after the end of this quarter. This aligns with completing the audit and filing the 2019 year-end financials, and gives an opportunity to talk about other exciting PRed developments in the interim. They know shareholders have plenty of questions and want to hear from RELI directly.
I get there's alot of stress here, whether you are in the red, or seen big falls in your green. This climb down is stupid. But know that unlike most other penny stocks where you have no chance to recover your money, that's not a concern here. This will recover and more. There is too much good coming.
I'd continue to use these opportunities to add more. This is an unexpected moment. I know it's been a slog, and it's frustrating you can't see the behind the scenes, but a lot is in action here. And yes, it is on RELI to do better and show it, not my words on the internet. But just have a little more patience and faith. You won't be disappointed.
Hi Triple-R, sorry about that, I used your name mistakenly! Meant Rusty.
In that sentence I was talking about someone donating a Mod Spot to me due to the amount of time and knowledge I have for RELI. But as you said, learned that is not how it works, so I'll move on and keep contributing as I have.
And don't worry, I'll still be here posting. Everyone is entitled to their opinions, and I get feedback from both sides. Some like the approach, some don't. It's a simple fact of life, you can't please everyone.
But no matter my knowledge, RELI has to show it themselves now. I've made my points for the record, and a few times at that, so I don't think there will be the need for something so verbose again. I'll look to engage here more and cut it down, don't always need to write a book!
Sorry you find my posts tedious and/or unhelpful Triple R and beerbuoy, that's not my intention.
And I know and talk to plenty of longs to know they aren't easily discouraged to sell. Most posting from the beginning are still here. That's why an abnormal amount of shares are locked up, and why we have such large swings on such low volume. But it's clear some are selling, and I thought the occasional reminder of where this is going can be helpful to some who may sway - especially in news massive for the future, but not immediately actionable. Clearly not helping today though!
But from those same longs that aren't discouraged to sell, I personally know many are frustrated with the pace, something I completely understand. That's something RELI must improve to keep us moving upwards and not have these unnecessary drops.
And my request for a moderator spot has nothing to do with wanting to unsurp anyone or for the power. It's simply the fact that it makes sense. Those are my photos and my writeup, and let's me edit and update the board properly. It stays stagnant for too long, and doesn't update with the news.
If I had a moderator spot on another board, and someone showed they had much greater insight than me, I'd happily give them mine for the good of the board.
However, my request is invalid and doesn't matter anyways. As a relative newcomer to iHUB, I was informed that is not how the moderator process or positions work, so all a moot point.
Hope everyone here has a good weekend.
By now, I can't hold anymore hands. :)
When it comes to buying, holding, and selling, everyone has to do what they think is more appropriate for their life situation at the time. I gave you the hint at my first post in the teens, then the validation of my NDA right before audits. I can't do anymore to make clear what this is, and will become.
But, if anyone still thinks my posts are hyperbolic, that is 100% your opinion and thinking based on nothing but baseless speculation. Or at best, based on far less information than I have. I don't "think" here. I "know" here. I know more about this stock and company than any other public shareholder on the planet, and put more time and effort into RELI than most can imagine.
So, if you want to reduce my musings to a false prophet, that is your prerogative. I get I come across as a mystic on here, but that's really not my intent. I just don't care about posting that much. And goodness knows my messages are long enough. But, if I'm gonna say something, I better take the time to say it right and with care. (Besides let's be honest, the length of my posts more than make up for the lack of my posts. Length:Post ratio = lol)
Thus, pro-tip. To think I'm fake in anyway is a completely pointless exercise. I'm not malicious or deceptive, and neither is RELI. No matter your belief system, deceiving others is a big no-no, whether that be for karma, or an eternal trip downstairs. This is the real thing. The men and women behind RELI have run two multi-billion dollar private enterprises. If you don't think their public entrance will be their biggest yet, you are in for a rude awakening.
In that other stock people like to compare here, holders only got their massive gains through patience. That didn't happen overnight. Real companies take time to grow. And RELI's business is freakishly scalable and expandable. .8 is the new .15. What will be our next new level after this? And after that? And that?
Hopefully for some, the perspective will click that this is a different kind of stock in your portfolio now. We are beyond levels to effectively flip. Be silly to just sell and leave for a decent gain too, because a little patience means a bigger payday. Been slower than we thought, but this is one you can buy, hold, and forget. Then come back later and watch your jaw drop. Just like no one expected that drop to .5 to buy more cheapies, no one expected this epic-ly disruptive news. RELI is always wheeling and dealing behind the scenes. You have no idea what RELI has in store.
Speaking of this NSURE news, it's clear the market initially has no idea what this actually means. For many, probably harder to believe that anything else. 3 weeks ago RELI was still a Pink, and now we are banging down the door of the National Insurance Market? All before we are even SEC reporting? Ha, sounds silly, but it is not. This is waayyyy bigger than most can even imagine. But that's ok, patience is key. We've had our great correction from the teens, and there will be more to come as the scale and importance of this is further understood. (As well as everything else still coming down the line)
Of course, we've had these pullbacks on small volume that stink, but that's part of the game, and only builds us a stronger base going forward. Because if you are that chump that sold at .5, you definitely got in way below that. Likewise, if you bought those .97s, don't worry. This is going way beyond that soon. RELI will get to a level where if you got in early enough and held, your average will turn over in days or weeks. And many are already there. So why exactly would you sell now?
With my NDA, I could have easily posted nothing on this board, or told absolutely no one. My patience and independence is oddly high. But after looking elsewhere, I knew I had insight that is rarely available on iHUB boards. Most of time, we are completely living on a prayer in the Pinks. Of course, I had to protect myself and be strategic about it, but posting nothing or not revealing my unique insight would have only been pure greed and selfishness, and not looking out for my fellow investor or human.
So what did I do? I told my friends and family...Having to see some awkward faces as I talked "money" with them. Even more so when I told them I "knew" so much about a Pink Penny Stock. A Pink that would go to the Big Board. Knowing who I was as a person, most believed, but some still didn't. But no matter what they did, they've ALL contacted me since - either with thanks or lament. I posted on this board. I got my photos uploaded. I interacted with fellow board members in real life. I value my reputation and I'm not hiding. Knowing this Penny world where we've all suffered utterly catastrophic third degree burns on parts of our bodies, I thought it was the least I could do to overcome people's concerns.
This stuff is stressful, especially if you have an insane amount of money here for a former Pink. I'm there myself. While in the green like others, I don't have a crazy low average. Here's my attempt to make it as stress-free as possible. But of course if you hold long enough, all our averages will be crazy low.
And yes, I understand we all want this to move quicker, but if you've been here long enough and are sitting on major green, your stress level should already be minimal. More is always coming. :P If someone else could have offered that reassurance with credible 1st hand evidence to help out their fellow shareholders, I hope they would have done the same. It is only right.
From that, I only interact with posters with good intentions, and only post on the RELI board. Why? Because I don't know anything about other stocks, and I'm not into speculation. I watch this board all the time, and occasionally see some absolute trash posts. Thankfully, they are increasingly few.
But I don't respond to those because: 1. I don't care & 2. They know nothing. Constructive criticism is always fair game, and RELI deserves its share. Goodness me we need some real estate. And yes, they know that and are working to rectify it. But I don't have time for baseless garbage or negativity, life is too short. I giggle especially at those who called this a scam, and are now playing the other side. Know who they are.
Yet even with my NDA, it really doesn't matter. Sure, I'm fortunate with that knowledge, but I'm not that special. I'm just one of 7+ billion people on this earth, with more in the past, and even more to come. So in all that, I'm the first one to understand my words mean absolutely nothing, only RELI can show it themselves. They aren't perfect, but they are real people, with real values, and monster plans. I'm not pontificating for a false empire.
I've joked with migelum about multi-dollars and said $2.01. Now that they've officially said they will go to NASDAQ/NYSE, the minimums there are $3/$4 respectively. So that's clearly the new starting point. Billion+ market cap incoming for a start. Where we go from there is purely based on how big RELI wants to grow. But real companies never really stop growing...I can't get into timelines as that reveals too much, but RELI has already made clear they are working on the 2019 Audit and targeting the next uplist. How is that going to all go down? Well, I guess you'll just have to hang around and see. :)
So are you willing to risk your shares for paltry gains now, when those gains will be exponential in the future?
This is the easiest investment of your life. It's like playing poker. Except in this game of poker, no matter the games on the ante and raise, you are always holding a Royal Flush. Too easy.
Oh, and I am officially asking for a Moderator Position. I know the most and put the most amount of time into this stock, so it only makes since I have one. I need to make this board look even more stellar for the exciting times ahead, so who will kindly donate theirs to me? Thank you.
RELI 2020
Sellers about to learn the definition of "imminently"
Tick tock. But thanks for the higher base!
I know we all want cheapies here for the divine future, but these cents won't matter. I wouldn't spurn the massive hint you just received to buy more now.
And of course, let's give a shoutout to our friends who sold in the .5s a few days go. And these 100 share All-Stars!
I joke, but know that even with my NDA, these games to bring us down on minimal volume churn my stomach as much as yours. But no matter what games happen, never lose sight of everything going on here. My original post is as true as ever, and now underestimates the future here. But I can't tell you more about that... ;)
And @Porteno. Trust.
Everyone should feel very fortunate RELI gave advanced warning to climb aboard before the closed deal hits, because I've already been to the destination, and oh it is sweet. So sweet that many can't even comprehend it.
This is not just some run of the mill announcement about insurance and disruption. No one was tracking something like this. A complete curveball to once again show the scale of things to come. I've said it once, and I said it again, this is a Monster in the Making.
I Want To Play A Game.
Who wants to risk their shares and find out what disruption and imminently really means?
I'd seriously take these last opportunities to buy cheapies.
No problem everyone. I know these games are silly and frustrating, but the MM and manipulative sellers won't be laughing much longer.
Shareholder Annoucement.
First, lol at these sellers. About to be some major regret.
To follow up on my post last week about the shares dispersed last January. Not only are those shares still restricted, and will continue to be so for an extended period of time, but restricted shares are subject to leakouts and other techniques that protect shareholder value.
Let's also not forget, RELI is the biggest shareholder here. They won't hurt their own investment letting shares come uncontrolled to market.
Additionally, I'm happy to share significant shareholders now hold their own NDAs, so that will protect shareholder value and the share structure even more.
So don't let these scare tactics on minimal volume sell you out of your valuable shares. I know these last few days are painful to watch, but just hold and believe with me. Besides, it only makes our climb back up even easier!
Everything I wrote is still true. RELI will show you the bigger and better things to come.
Don't sell now. Fun is just getting started. :)
Fact = Shares from 1/24/2019 are still restricted.
That's for everyone's information to calm any nerves, and end any speculation.
RELI knows what they are doing, and protect their shareholders to the utmost degree. Arguably, more than any Pink ever. Although, I think those uploaded documents on OTC reveal we won't be Pink for long... :) They won't let anything sabotage their plans here.
Don't let anyone try to convince you otherwise.
And it's ok BB, with great power comes great responsibility. I'm just sorry you'll never know the other beverages I partook. ;) And you are right, there won't be enough Psychologists and Psychiatrists available for these sellers. Any guesses where 300k at .3 is admitted right now?
And migelum, well, I already told you I expect 2.01. I can't spill anymore secrets than that. :)
And Triple-R, there won't be any heartbreak here. Unless you are talking about Valentine's Day, but I can't help you there. :P
BB, you can ask me directly!!!!
Sorry, but that is confidential information. I've seen things you'll never know. ;)
And yes, "good" stuff coming.
To anyone else, continue to know what you hold. Don't let baseless speculation or a quiet period scare you into selling. As other's have pointed out, show me another Pink that has released all this information. I doubt you'll find one! And all that info is not just being uploaded for fun...
P.S. "Good" will be the understatement of the year!
As Shana mentioned, the Securities Counsel changed.
For those without LinkedIn access, also here under service providers.
https://www.otcmarkets.com/stock/RELI/profile
John Lowy was replaced by Jolie Kahn Esq.
I'd advise everyone continue to keep your shares locked as these changes are normally teasers for bigger news ahead!
And of course, we know QB could arrive at any moment!
Stop being so sneaky Shana. ;)
But I am too! Ha.
Great to see it. Changes are afoot...
And these poor sellers. So hilarious!