Replies to post #40636 on Reliance Global Group Inc (RELI)

[BullMarket34]

Of course there is no “plan” for a RS. No one ever said they were “planning” for a reverse split. They will be FORCED to reversal split as the stock continues to collapses, and a RS will be required to remain on Nasdaq.

Financials and a website aren’t going to save the stock price from continuing to fall. It’s a $12M revenue company with a huge net loss financials aren’t going to do squat.

The coming soon website, even if they do manage to finish it, will take years to produce anything meaningful. Not to mention the millions of $ in marketing that it will take for people to even know about it.

The stock will be at $1 before the end of the year if the company doesn’t become profitable or begin making accretive acquisitions at a much much faster pace.

Once the IPO money runs out, if it hasn’t already, the dilution faucet will turn on. There is a reason the AS was left unchanged after that ruthless RS. It’s nice to hear you want to keep giving them more chances though. I’m sure Ezra really appreciates that. Glad to hear you’re still hopeful as well. Bets of luck.

All IMO

[BullMarket34]

they did not fail to try again

Oh, well, thank heavens they are at least trying! Hey everyone, let's cut them some slack. They are trying after all!

Let's just forget Ezra told his loyal shareholders for 2+ years that we ain't seen nothin' yet, that this was only kids stuff, that we just need to hang in there, and that shareholders will be very happy, and that we are all at 80-90% losses.

They are trying their best guys! It's only money. At the end of the day, what matters most, is that Ezra and his top-notch executive team are trying super hard and coming up with new plans when old ones fail.

GFYS RELI

All IMO