Reliance Global Group Inc (RELI)

[shanak10]

Of course there is no “plan” for a RS. No one ever said they were “planning” for a reverse split. They will be FORCED to reversal split as the stock continues to collapses, and a RS will be required to remain on Nasdaq.
Financials and a website aren’t going to save the stock price from continuing to fall. It’s a $12M revenue company with a huge net loss financials aren’t going to do squat.
The coming soon website, even if they do manage to finish it, will take years to produce anything meaningful. Not to mention the millions of $ in marketing that it will take for people to even know about it.
The stock will be at $1 before the end of the year if the company doesn’t become profitable or begin making accretive acquisitions at a much much faster pace.
Once the IPO money runs out, if it hasn’t already, the dilution faucet will turn on. There is a reason the AS was left unchanged after that ruthless RS. It’s nice to hear you want to keep giving them more chances though. I’m sure Ezra really appreciates that. Glad to hear you’re still hopeful as well. Bets of luck.
All IMO

Correct me if I am wrong, but I thought the AS changes when you do a forward split not a reverse split.
I am not looking for Mr. B to appreciate it. It is my money invested that I hope its value will appreciate.