Reliance Global Group Inc (RELI)

[shanak10]

I have been getting quite a few PM's regarding the r/s. Some here feel or were told that $RELI will do a 1/500 reverse split. As per their S1 they do plan to do a r/s and I would like to explain how a reverse split works.
In order for a company to be able to uplist to NASDAQ their PPS has to be at least $4.00, many companies like to have wiggle room so they will uplist $5.00 or more PPS.
Right now $RELI'PPS is .08. So, $4.00 divided by .08 is equal to 50, which means that at .08 $RELI will have to do a 1/50 r/s... Now take your amount of shares, let's use 500k divided by 50 is equal to 10,000. Multiple the 10,000 by $4.00 (the PPS needed in order to uplist to NASDAQ) Your total $ worth is $40,000. Once they close the LOI with the big insurance company their PPS will be much higher.
The higher the PPS the lower the r/s is. If $RELI decides to uplist with some wiggle room, you can use the above procedure, but instead of $4.00 use $5.00.
Hope that helps those who asked me.