Replies to post #33018 on Reliance Global Group Inc (RELI)

[BullMarket34]

I’m well aware of the source of the increase. It’s when the company puts out ludicrous press releases bragging about increases in YoY revenue from its infancy, while the net loss for that respective period widened even further, that I take issue.

.... not to mention missing the projection by 9%

[QaB2i]

But a bad businessman doesn’t think the SEC reads anything....the lies and misstatements all come back when the Form 10 creates comments that simply cannot be answered or explained. Executives that release fraudulent press releases are dumb enough, but executives that file those same dumb lies to the SEC get to refile Form 10 over and over, get hundreds of comments that cannot be answered or explained. Those same executives get to redo their erroneous web sites from scratch (just like the last time) because the public must be protected from fully reporting executives that can’t tell the truth.
All highly obvious, easy to verify, no insinuations and totally predictable.