Replies to post #31037 on Reliance Global Group Inc (EZRA)

[Porteño]

I think that's an unfair characterization of the RE developments. Just some real estate deals were put on hold, not all of them. The biggest deal moved forward.

[Werevu]

Uncleteddy,

I'm not clear what you are saying with the dilution, but if you think RELI is selling shares to fund operations, you should ask. I'm confident that is not happening, and question why they'd do it now vs. previous higher levels, or tank their price more after the CC, but you should go direct to the source.

But does seems you are mixing up the admission about the LLC loan and your belief in dilution. They said the lender loan covenants for the 19 properties can't come over at the OTC level, not anything about issues with lenders for operations and needing more cash. Also as Bull points out, they have no problem tapping the LLC.

Look, I totally get the frustration. This is painful for everyone. Unlike some like to insinuate, I am neither a paid shrill, nor under RELI mind control, and anything I say on here, I tell Ezra too. This hurts and is regretfully a self-creation. So while the CC was a nice exercise in honesty, it was a harsh lesson in market realities.

Arguably it was too transparent. Market wanted to hear about the RE, but not like this. They could of sat on a CC and combined with 100% positive news, something most would of preferred. Instead they ripped the band-aid off and we are hurting.

Besides, if you think he's lying on the LLC LOI, you should also ask. He'll answer. Not sure it will help convince you, but like most things, I was aware of the loan issues before the CC and investigations to sell as a result. And while I never know 100%, I learned about the other RE developments at various stages, then the complete status before the CC.

So let's be honest there on both. There was no foul intention and he's speaking the truth, but it was an error to drop those LOIs before investigating the issues or closing the deals. Those were the big expectations.

Didn't agree with it, but what's done is done. RELI is still 100% legitimate, but they know they got ahead of themselves and are burning the midnight oil to make up for it. We got a hint of it on the CC, but now it's time to stay quiet and drop bombs. Ezra knows the market sees his word as cheap, and will right that perception very hard.

I know things are dire now and we got much to make up, but don't count RELI out. Painful, but this is another opportunity. Been longer than we all thought, but when 8 and 9 figure deals start dropping, hopefully the belief will finally be permanent.