Reliance Global Group Inc (RELI)

[BenK]

"Looking back on this RELI should never have been listed on NASDAQs website prior to the uplist being completed. Listing RELI on the NASDAQ website is a very credible, newsworthy event and is the primary reason for the run-up on Friday."

OK, I'm going to break my resolution (just this once) and back up what lhotse just wrote, and provide a little more background, based on some DD.

If you all recall, last Friday someone posted an "uplist" notice from the NASDAQ site, that RELI is uplisted.

There was a "delisted" notice posted a few minutes later, which seemed very strange. Someone here on the board questioned that contradiction, but it was too late.

That notification triggered an avalanche of buying - we're on the NAS! And Friday and Monday were amazing to watch and to experience.

Well, when the frenzy settled down, I remembered the "unlisted" notice, and did a little checking around.

It turns out that that was a mistake on the part of NASDAQ. That notice was supposed to be made public on Tuesday, but someone clicked too early, and it went up for a short time on Friday. Then they realized the error, and it went back down ("delisted). Until Tuesday.

As the saying goes, "To err is human. To really mess things up, you need a computer."

RELI had nothing to do with that false news, they have no control over what NASDAQ posts.

But once the horse was out of the barn, it was too late. And it will take time to get back where we thought we were... but IMO we will get there.

Back to my hiatus.