Replies to post #39793 on Reliance Global Group Inc (EZRA)

[BullMarket34]

Intentionally or unintentionally. Either or. This is a publicly traded company, and his irresponsible and reckless behavior has caused people to lose money.


—You ain’t seen nothin yet
—This is only kids stuff
— REIT
— Our competitive advantage is that we execute quickly
— Gearing up for some significant acquisitions
—$500M in Real Estate assets over two years
—Binding transfer agreement for the 19 properties
—$20M investment in Nsure
— 5 minute insure website that’s still isn’t functional after launching it 9 months ago
—National insurance agency acquisition by end of 2020


What is one supposed to think when they look at everything listed above? I refuse to bury my head in the sand and give them the benefit of the doubt. Can you really sit here and look at the picture as a whole and tell me there is not at least a little bit of misleading going on by the company?

[BullMarket34]

Do you have any insight as to how they intended to pay for the hundreds of millions of dollars worth of Real Estate Assets they LOI’d?

Could they really not have been bothered to give their lenders a quick phone call and ask if transferring the properties was even an option prior to PR’ing tne LOI’s for TWO of their own properties?

At what point did they come to the determination that the real estate market was overvalued? After the 6th or 7th or however many total RE PR’s there were??

It’s an incredibly disturbing pattern BenK.

[QaB2i]

Purposely Misleading is lying. If in an online interview the issuers CEO claims that ‘they’ bought a bunch of insurance domain names ‘years ago’ but then commits to the SEC the actual date a domain name was bought ( and it’s dated date is not years ago) that’s a lie. Is it misleading? Yes. Is it pathological? Yes, because the lie didn’t need to be told.
I know the defense would be it’s just a small inconsequential thing - but the point of it is honesty and integrity. If it was an isolated incident it might be overlooked. But, this CEO has ‘press released elaborate business schemes, none of which has come to reality. Bull posted a list of questionable things that some long loyal shareholders are now seeing as possibly misleading when taken in the totality.

Being a CEO of a public company is not for everyone. If one is uncomfortable dealing honesty with shareholders then one should delegate this task to a more appropriate person whose agenda is not served by hype, grandiosity, imagination or exaggeration.