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Friday, February 05, 2021 9:56:43 PM
https://www.sec.gov/Archives/edgar/data/1812727/000149315221001946/forms-1a.htm
Second of all, we've known about a Reverse Split for MONTHS. For anyone paying attention, this has been discussed ad nauseam in this message board.
Third of all, this isn't your typical RS. This is an RS to uplist to NASDAQ. It's means to an end. Most people in the OTC are used to Reverse Splits caused by death spiral financing, and, with reason, those are very negative. This situation is different because reaching a higher exchange will give the company many more opportunities as well as institutional investors who will now be able to buy the stock. I also suspect (and this is completely my own speculation) that when company is NASDAQ listed, that rolling of Real Estate properties into the stock will now be possible. The RE is a cherry on top at this point because the main attractiveness of the investment is the massive insurance company that Ezra is creating.
Fourth of all, the RS ratio will continue improving the higher in PPS we go. Consider that today, only 3% of float was traded, and we went up almost +100% in a single day. Those of us that have plenty of experience with technical analysis KNOW that this move was just the beginning. Next week we will continue pushing up because the momentum at this point is unstoppable.
Fifth of all, if today's price action does not prove how important SHAREHOLDERS and NEW INVESTORS are in the success of this company, then I don't know what does. Longs have been through hell and back in the last year or so. Some of them have stuck with Ezra even though he has not really delivered on his promises. But they held strong, and as was evident by this board today, came back to rejoice at the sight of progress finally being made. And this happiness is very contagious. New investors will keep piling in here because this is very close to a very big catalyst. A lot more buying volume is expected and, again, the higher the PPS goes, the lesser the impact of RS.
My expertise is on technical analysis. And it is our estimation that the stock could easily hit $0.50 next week. Which would make RS ratio only 1/10 to 1/15 (depending on exact price action of course) and it would be MUCH LESS than the 1/85 that the lower prices required.
My recommendation to anyone reading this is: load the **** out of this stock. These prices are still very cheap for what's coming here.
All IMO.
Good luck.
$RELI
Tempus fugit.
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