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.
