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Wednesday, April 25, 2007 8:23:49 PM
I am just as concerned as you are about Reliant. It just seems that we are not getting the real story here. Nearly everything that Reliant has done to date has been delayed. The website opening was delayed. The credit line was delayed. We keep hearing that X should be up and running by Y, but there always seems to be a delay and X happens at Z instead.
I know that the Hamiltons own a majority of the shares in RHWC. I believe that Kevin is the major player and that Steve is simply the mortgage guy. I have spoken to Steve on the phone, and I agree, he may not be the best PR guy for RHWC. Not much pizzazz when he speaks. Simply put, he sounds like a desk jockey.
I believe that some guys in the Bahamas own a bunch of RHWC shares. I believe that they have something to do with Reliant's insurance division. I wonder if they have been dumping.
Additionally, I want to know where those newly issued shares went. I am guessing that whoever received those shares has been dumping them on the market.
Reliant better get on the ball. Many disgruntled investors developing here. The company is losing credibility in many eyes.
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