Reliance Global Group Inc (RELI)

[BenK]

"What gets me is that it was obvious uplisting to Nasdaq would be received well by the market and would cause a rise in price."

I've had the same question... but remember not so long ago - it wasn't at all sure how much trust the market had in Ezra's plans. There was a lot of skepticism, and I don't think that it was a given that shareholders would jump in, at least not on the scale that it turned out to happen.

Besides, I'm not familiar with the process - but when filing for an uplist that is dependent on a RS, a company probably has to specify the precise amount of the RS. They can't just say "TBA", we'll let you know.

So once the filing is in, the die is cast. That's probably how it works, unfortunately.