Reliance Global Group Inc (RELI)

[shanak10]

The only proof of a Public Issuers float is a dated / certified ledger from either a) its Transfer Agent; in this Issuers case that is Vstock, who do not share these details with the public or b) DTCC who do not share such details with the public or c) the Issuers Officers. As none of those are reporting the Cede & Co float of 3,174,415 shares, there is no proof of the accuracy of that number being correct today.
The accurate $RELI common float is anywhere between 3,174,415 & 10,889,809 today. Any third parties unaffiliated with the information is purely speculating based on unproven opinion.

The above analysis is not correct. If you look at the SEC filings, it shows that insiders, which are NOT part of the float, had 1,169,870 shares at December 31, 2020. You can add to that the shares Mr. Beyman received upon conversion of the debt and preferred, which totals 4,578,263 shares. So the MAXIMUM potential float is 5.7M shares. That said, many of the current shareholders still have shares in certificate form, which have restricted legends on them. The Company has disclosed that when you add these to the insider shares, there are only approximately 3.2M shares left in the float. Whether one chooses to believe the company or not is up them; however, the float is nowhere near the 10.9M number referenced below. Additionally, its worth pointing out Mr. Beyman is not a seller and has never been a seller and in fact has invested significant capital in the company.