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Yes, apparently their COO misrepresented some key financials. Still has a market cap of over a billion, though.
When I googled it, it brings up Luckin Coffee. Is that the same thing? Because their stock price higher than RELI.
I wonder what the record is for de-listing? How many days from up listing, I mean. Shortest record. Least amount of time. Biggest failure. Anyone have a guess?
Well, I hope we hear about it, sooner than later
Wing, you could have made that statement a year ago and it would still be factual.
I would think our money is already out of the country. Probably at home, watching the wolfie movie. Seeing how the second half plays out, in the movie.
Don’t get me started...
No serious money is going to enter this stock. At least, not without a confirmation of some deal. Just leaves the shorts to do what they do.
I just wished one person would have gave me a heads up, so I could have gotten my feet set!
Sounds like he’s just a thief in a suit.
If I was in JB’s shoes, I certainly could not sleep, every bump in the night must sound like a jilted investor coming, get his revenge. Here’s the nagging question of why you are right Q. Why would a “Billionaire “ spend so much time going after $10.8 million? 10.8 million isn’t going to buy much when you start buying legitimate 140 branches businesses. IMO this was all premeditated, knowing it would not go through, but giving a very useful excuse. Prove me wrong JB!
Yep, we are exactly back where we started. Didn’t take very long.
If he fails to deliver again, everyone will be calling him JB Wolfie. IMO
Ben, I think we agree one thing, the bases are loaded, and we are down to our last strike and all longs here are praying we don’t see a curve ball.
Never ending cycle. That’s their modus operandi, it all they know.
Hypothetically, Port. No deal has ever fallen through before, with this company, right?
Benk, would you agree, if our big LOI from 5 months ago were to fall through, then up listing would in fact, been a mistake?
We will never know! All I know for sure is a lot of investors are way down. Hasn’t played out in a profitable manner so far, for stockholders. If you or I don’t get substantial news quickly, we’ll be back down to under.07 levels, which is my whole point. Of course, if you are short, then you are happy.
What’s with the private messages, if someone doesn’t have the guts to put it out there, then don’t respond.
I’m sure there are all kinds of Q’s, would not surprise me if they are having coffee with the shill, right now.
What kind of world are we living in? Now I find out there are actually 2 Q’s. Well I wish like hell one of them would have made a comment like “You know even with the price being the highest it’s been for 6 months, you are going to lose all of these gains tomorrow.”
It would of sure helped a lot of investors here. Would have helped you short it also. Oh well, play with snakes, get bit by snakes, right.
Actually the 2 or more Q’s were about as honest as anyone else, unfortunate, but true. IMO
Benk , it won’t let me private message you, but I don’t like hiding things away. I, like you, thought there was no way any business man would be allowed to throw away market cap. I believe the market valued each share of reli at.3905 at end of business Monday. I was unaware that even being allowed to do so, could possibly be legal. If it turns out that it is, then I had $58k lesson. I know you must have felt the same way because that’s what you posted. So we won’t ever know if given more time it would have gone up or down, all I really know is my account is 58k lighter, people want me to feel okay with that, because that’s what the said they were going to do. Sounds like this people are the shills.Oh, and we are still waiting for the big news, just like the last 2 1/2 years. Sounds like to me, they had the option to refile, choose not to, which leads me to believe they were more concerned with getting rid of shareholder equity, at that point. Given a few more days, it could have ran up to dollars, but I don’t Ezra wanted that, because “they were up against it, time wise”. So we wait. Do you have a capacity within the company? Your posts imply you have access to decision makers. IMO
Lucky, 85% of the people on this board wish that were true. Are you a securities attorney?
Sounds like a price entry problem or a debit/credit to get rid of the equity. I don’t believe shorting could have brought the price down so immediately.
Everything I saw had $9 as the high Tuesday. Saw nothing of a $33 early on.
I would think, if RELI doesn’t pop soon, then Ezra will have a very difficult time sleeping, until he doesn’t, with all the original investors he has screwed.
A true man of action!
That could be said for the last 2 years. Oh wait, look at where we are, waiting for him to do anything. Deja vu, all over again.
Thank you, for your reply Q. I just want everyone here to know, this was a conscious decision, made by our management. They could have passed along the gains, but did not.
But clearly, they had a option to do so and chose not to, correct?
So you are saying that Reli had no choice but to uplist at .07 even though their stock ended the day 550% higher than the set price? They could not have filed for a different strike price, even if it would have delayed up listing?
Are you a securities attorney?
What about the last paragraph of your February 8th post 23:42. Would you please explain why you made that statement?
Ahh yes, the good old days!
Yes, that’s the business acumen we can all expect from our companies leadership. How it’s not criminal is beyond me, certainly nonsensical, in my most humble opinion.
So the sale raises 10.8 million dollars, but the reverse split erased over 100 million dollars in market cap. And now we all hope the LOI goes through so we might get back to were we were less than 48 hours ago. Am I missing something? What if it falls through? I’m guessing they’re keeping the money.
Bases are loaded! Be patient.
Thanks buddy.
But what about the people that didn’t buy, they did nothing stupid other than being long. So everyone was destined for a bend over if they didn’t sell all their shares over a price of 7 cents. I guess I’m the dumb a$$ for trusting anyone here or in New Jersey.
I still don’t even know how many shares of mine, are even left, let alone sell.
What is the legal president? Who has ever seen this happen before?
Q, can you name another stock this happened with? How many posting have gone through r/s in the past, and lost 80% over night, before ever even getting a opportunity to buy/sell? How on earth can this be legal. Is not Ezra responsibilities to make sure this kind of thing never happens to stock holders. We longs that held lost up to 95% from the highs of a year ago, only to bull shi!!ed out of another 80%. I don’t remember anyone saying sell sell sell Friday or Monday, or you’ll be screwed out of your money. I want to know who knew what and when? A full fu@king audit of this by the SEC. I know I certainly feel misled by the company and this board. I honestly can’t believe anyone would just blatantly steal someone else’s funds, in such a manner.
Road trip to New Jersey, then class action, if there’s still a need.
Same frustrated boat.