The handwriting is clearly on the wall. We have 2 1/2 days of trading this week and most experienced longs now realized there will be no S-1/A.
This company is just like a 27 year old boy/man who lives in their Mom's basement still trying to figure out what they want to be when they grow up! RE is gone for sure!
I would imagine the moral at their Mom and Pop Insurance agencies are in the toilet right now. Wonder if they recieved...
"Reliance Global Group CEO Offers Stock Purchase Program for Employees of Up to 1 Million Shares of the Company’s Stock
Press Release | 03/19/2020
LAKEWOOD, NJ, March 19, 2020".
Reading NSURE press release, we don't even know how much equity they have invested in NSURE!
It will probably go down as one of my biggest investment blunders over the past 30 years.
I SURE HOPE, WHAT MY SOON TO BE 65 YEAR OLD GUT IS TELLING ME IS WRONG!
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