The company does not have to answer us.
My first question on this message board 2 weeks ago was criticizing the management team for NOT explaining what had happened and what it means for shareholders.
The 8K outlined the results from arbitrator, but we still don't know what it really means.
RLBY management not elaborating shows 1 of 2 things:
The end result is not favorable to shareholders or management does not care about shareholders or stock price.
Some may criticize me again by me saying management does not care about stock price. Maybe they don't. Management does not own many shares and therefore their level of care about stock price is not meaningful. Maybe the Board of Directors have a different idea for the company.
Lots of maybe's, but the one thing that is factual is that management is not communicating with shareholders and that is a negative for the stock price.
All the people on this message board that think RLBY will go up need to explain why it will go up. As for JR, if he wants the company,, it would make more sense for the company to operate the business normally, not do any financial public relations which will let the stock drop, then the company will stop reporting which results in low stock price and no trading and then JE would buy the company or just merge.
If JE is as smart as some of you on this message board claim, then why would he drive the RLBY stock price up. It would make more sense to stay under the radar.
If I had to guess, I am saying the current management team will continue to operate the company and when the DOKI's and others have to pay their debt to Reliability, they will negotiate by returning their 270 million shares and the debt will be forgiven, and at that time JE will just buy the company like a private company since there will be little to no interest in the public markets.
Since there are no institutional guys invested, there won't be any lawsuits because individual investors will not pursue a lawsuit. A couple hundred individual investors that own shares of RLBY are not going to retain a law firm to pursue a law suit. This is a small company so fee for lawyers won't be too attractive.
Since so many on this message board say JE is a smart business man, that is how I see him getting Reliability.
Only an idiot would pump up the stock and then have to pay a premium to buy the company.
