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Friday, October 28, 2022 1:20:12 PM
They own Futuris and that company has $21 million in assets according to last 10Q. The Doki group are very good at borrowing money against assets as is proven with all the loans they took against RLBY.
Revenues for the quarter ended April were above $11 million which leads me to believe they have money to continue to fight against RLBY.
The only way around this disaster for RLBY is to go to the DOKI group and negotiate a settlement. Maybe forgive the arbitrators award in return for all the shares that the Doki group has.
Or maybe take 20 cents on the dollar for award and allow Doki group to retain 10% of the shares they own and the remaining 90% be given back to Reliability and placed in treasury.
RLBY management needs to do something because if they wait for the appeal process to work it self out we can be sitting and waiting for another couple of years.
Recent RLBY News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 01:36:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:20:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 09:30:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 08:56:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 05:18:54 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM