Replies to post #40459 on Reliance Global Group Inc (RELI)

[QaB2i]

Most holding RELI are down 80% or more.
Why sell it and take a loss now?

Most of those waiting for the launch of a comparison shopping insurance website are sure to be as dissatisfied and disappointed as they were with the demise of Eggs fantasy Real Estate portfolios.

Marketing for insurance business online takes millions of dollars of constant month after month of spending. The days of ‘if we build it they will come’ were over in 2001.

Using a cancelled LOI as a reason to hold RELI shares through the 2020 year end when a tax loss could have been taken is executive cruelty at its worst. The issuer has created a pattern of pumping LOI’s that do not bear fruit. A permanent bullish stance is illogical and is sickening to most.