Reliance Global Group Inc (RELI)

[shanak10]

I am not sure what some people are expecting. How often do you think $RELI should PR in order to make you happy? Do you want them to PR some fluff?
$REL Ia 2 year old public company made a mistake by not keeping their shareholders up to date on their RE. I can understand the anger and frustration. But Mr. Beyman spoke about it in the CC and said that in retrospect it worked out to everyone's advantage as those properties would have taken a loss. That is not to say that if a good RE opportunity will come their way they will not grab it.
But for now, it seems they are concentrating on Insurance. Insurance stocks can make a great addition to any investor's stock portfolio. Not only does the insurance business have the potential to produce excellent long-term returns, but it's also a business that works in strong economies as well as during recessions, and anytime in between.
So, for those who feel that they bought $RELI for the sole purpose of Real Estate without any flexibility of a Plan B along with plan A, maybe it is time to exit. For those waiting to see how the company will perform in the insurance sector, I believe you will be very happy.
Wishing you all lots of luck.