Reliance Global Group Inc (RELI)

[BenK]

"I’d say this board is in shambles."

That may be so... but the message board is not the company.

I, like all the rest of us, am very disappointed in the stock's performance. But I just can't come to the conclusion that all is lost.

It seems pretty clear that Beyman made a decision, based on the unpredictable nature of the RE market, to shift the main thrust of their efforts to insurance, at least for the time being.

(That doesn't mean that they won't fold in the original portfolio of RE holdings once they uplist, IMO. That's the anchor identity of the company, but not necessarily its future direction.)

If so, it's to be expected that a basic change in direction will take time, more than we all hoped for.

Let's face it: the most prevalent global phenomenon right now is insecurity, in every area. That's not fertile ground for real estate, but it's perfect for insurance, which is mankind's attempt to put a price tag on that most yearned-for commodity: security.