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
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM