Reliance Global Group Inc (RELI)

[shanak10]

Why is it when the PPS is down, "Mr Beyman is a liar who does not keep his word. He is the worst CEO in the world who we cannot trust etc.. etc.."
But when the PPS is up such as after the PR last Friday. "Oh Mr Beyman is the best CEO I know we can count on him he is not like the other OTC CEO's. etc etc...
So, in a matter of one weekend, opinions change but that does not mean that the company's fundamentals changed.
Some tidbits from Friday's PR:

The Company is further pleased to note that this review was the final required report that is needed for the filing of our Form 10 which is in its final stage.

Did you really expect the form 10 to be delivered today?

Heading into the second quarter, our insurance agencies continue to perform well despite the ongoing pandemic. We believe this illustrates of the stability and growth potential of the insurance agency business in nearly any market environment. In addition, we continue to identify and plan to acquire additional, undervalued insurance agencies. At the same time, we are making progress through our investment in Nsure.com, and look forward to integrating the technology platform with our agencies to drive further efficiency.”

“On the real estate front, we continue to identify multi-family properties for potential acquisition.

Be realistic with your expectations and trust in your DD. Be patient We have come a long way but we are just getting started.