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Wednesday, April 05, 2023 1:09:19 PM
I agree, it would be meaningless for management to speak about Vivos matter since there is absolutely nothing to say. Management can not predict timeframes and final determinations.
And RLBY management can not just cancel share ownership of those 84% owners - it is a long, tedious process that requires motions, lawsuits, judges determinations and then potential appeals.
I would say one thing that RLBY can do is buy out those 84% owners.
Offer them a nominal amount for the shares and have the shares returned to treasury.
I don't know what a fair offer with a discount would be, but I am sure there has to be some middle ground.
I also think Reliability should be more aggressive in its public relations and investor relations. A PR campaign can get some new eye balls on the company stock and a IR campaign can bring in some larger investors that may want to buy out the 84% owners through a private stock transaction.
It's worth a try if nothing else is working and everything else is taking too much time.
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