Reliability Inc (RLBY)

[UnstableElement]

RLBY
The parties submitted material for clarification of the Award on March 7, 2023, and March 20, 2023, which included proposed language for an award to be entered against Vivos Real Estate Holdings, LLC (“VREH”), in light of the bankruptcy court order lifting the stay that pertains to VREH, which filed a petition in bankruptcy court. The date of a final award has not yet been determined. The Company, through counsel, has reached out to the Arbitrator to inquire about when a final award may be expected.



Upon a final resolution as to the underlying ownership and rights of certain shareholders, the Company intends to hold an annual meeting of shareholders within a reasonable time thereafter.



As of March 31, 2023, the Vivos Debtor (“Vivos Debtor”) balance was $5,327. The arbitration award covering all bulleted items above currently totals $9,585, independent of legal fees, interest, and other fees.

From 10Q.