Talling about Jeff E in such a positive manner is your perogative
1 - Jeff E is not a major shareholder in RLBY, in fact, I am not aware of any share ownership by him.
2 - Jeff E is not even on the board of directors.
3 - I am going to assume you are going to point out that Hannah Bible is the Chairwoman and she and Jeff E are business partners
4 - If Jeff E is the person responsible for Maslow Media / Reliability deal, specifically the reverse merger, it must be noted that Jeff E either didn't know what he was doing or he orchestrated a really bad deal for RLBY shareholders. No one in their right mind would allow Doki and the other majority shareholders to own 85% of a public company.
The entire business combination / merger / reverse merger was done in a terrible way which means whomever handled it screwed up royally.
As for think RLBY shares will go up - when I say go up I mean up with real trading volume in excess of $2 million dollars a month at the minimum, and stock price goes up at least to $10 a share, but the $10 a share can only be accomplished if Doki and those others have to relinquish their shares - which I don't know because the 8K did not elaborate.
As for your belief in Jeff E, I can point out at least 6 failures that he has had- My definition of failures is him investing at least $5 million in companies through Lone Star and those companies losing in excess of 75% of their market cap.
To that point, no one, and I mean NO ONE can guarantee a profit on investment, but in the OTC world, all odds are stacked against the public company and shareholders for a profit.
But I will admit this much - IF and I mean IF Doki and those other peoples shares are cancelled, then the company will have under 30 million shares on a fully diluted basis and that will make Reliability an attractive acquisition for a much bigger company. In my humble opinion, that and that alone is the play here.
If Reliability does $25 million in revenue this fiscal year it may be worth $50 million (2 times revenue) for a bigger company.
$50 million divided by 30 million shares is $1.66 a share.
But $50 million divided by 300 million shares, if Doki and others keep their shares) comes out to 16 cents a share.
Those Doki and others shares is a big issue and the only one I am looking for answers to.
So I ask everyone to stop copying and pasting me links to 8k.
I also ask everyone to stop telling me how great Jeff E is.
But RLBY may be a great investment opportunity if 270 million shares are either cancelled or returned back to company and if someone looks to acquire the company.
My fear is that the company will have to go and raise capital which will dilute shareholders, but that will depend on terms and who invests.
Good Luck to everyone, I hope RLBY management comes out front and clarifies what is going on
