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Bid is above .20 again
If we get news tomorrow this could be an insane week.
Going to be a great week let’s rally that MA50 on the weekly this week!!!
No sweat. I was driving back from New England to Florida and took a detour off 95. It was awesome to say the least. I didn’t have a formal appointment and they were all there in a meeting.
I would not lie that I was there lol. It was a great experience for me my wife and son. Alex was very informative.
Lol. They are fools. Soon you won’t be able to flip. I’ll be sitting fat down south with out paying capital gains :)
No doubt about it. After I visited their office last week I was reassured. This is not going to be a penny stock for long.
Bid over 20 is great. Makes it harder for what’s his name to flip.
This thing is tighter than a ducks you know what. A few ask slaps and we could have a great close into the weekend. Then maybe Ezra will drop some substantial news....one can only dream.
Let’s see another push and hold green HOD @ close for the weekend.
It looks like the volume is coming back this thing is going to be a monster
Good close. Manipulation is out of this world here...isn’t that illegal?
Let’s get that .007 close
Ihub jail lol I was defending RELI and got carried away.
Looks like there aren’t many shares for the cheap here
Finally free from jail. Reli long and strong.
Looks like .007s are around the corner
It looks like they followed through and completed yet another LOI. It looks like you are not doing enough DD and you missed out on this ride. We will see who is laughing at the end.
Awesome
.20 will break at the open
Not what the bid support is showing. 25000$ bidding .16 or higher rn.
.2032 is the number to break. Flip that sar and it’s off to the races.
Great buy at .195. Just think .195 will still see 3000+% gains from here.
Good deal. These are not gonna last long.
I’d say everything he says is a lie. I hope you get filled I’m all ready packed full.
Here is your chance :)
It looks like .18s are up :)
Hope ur still holding CNOTE Long and Strong. I only have the heloc put up against this. NBD LOL
Awesome stuff
Look at the accumulation
Right on. We all will be rewarded :)
Weren't you preaching the Dividend some time ago? I am pretty sure a stock that will pay a dividend and have assets like RELI will have will be at the least 5 dollars...JMO what do I know
Volume proceeds price. This puppy is ready to run.
20k on the bid:)
Ezra Beyman already closed 4 LOIs and he said that at least the previous 2 real estate LOIs will be closed still this year. If you read the Intro page, you can see that one of the shareholders met him and the management last Wednesday, and, he was very impressed with Ezra. So far he did everything he said, with the exception of the delay on the audits, but, that he cannot control.
RELI - Awesome news. $42.5 million LOI.
NEWS:Reliance Global Group, Inc. Announces LOI
to Acquire Class A Multi-Family Property
PR Newswire
LAKEWOOD, N.J., Aug. 19, 2019
LAKEWOOD, N.J., Aug. 19, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("Reliance," "RELI" or the "Company"), today announced it has signed a Letter of Intent (LOI) to acquire a Class A multi-family property for a purchase price of $42.5 million. The property consists of approximately 260 apartment units. The first phase of construction, completed in 2017, is 97% occupied. The second phase of construction is expected to be completed in 2020, and all of the completed units have been pre-leased, subject only to total completion of construction.
The Company also announced that its affiliated privately-owned entity, Reliance Global Holdings, LLC, has transferred $250,000 to RELI, which is to be used as the initial down payment due upon execution of the purchase agreement.
Upon completion of the acquisition, RELI anticipates completing an SEC-compliant audit of this multi-family property, to enable it to become a significant component of the assets and business of RELI when it becomes a SEC-reporting issuer again.
Ezra Beyman, CEO of Reliance Global Group, stated, "We are excited to announce the planned acquisition of this premier property. This acquisition is consistent with our strategy of acquiring undervalued properties with sustainable cash flows in attractive markets. The property is ideally located in an area experiencing strong job growth. This is reinforced by the 97% occupancy rate in the first phase of the project, as well as the fact that the second phase is already 40% leased and over 100% pre leased upon completion of construction. We look forward to providing further updates as the project progresses."
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, and potentially other sectors. RELI's focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including both real estate and insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. The Company is controlled by Reliance Global Holdings, LLC, a New Jersey-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Cision View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-loi-to-acquire-class-a-multi-family-property-300903368.html
SOURCE Reliance Global Group, Inc.
Also, this is from a PR a few days ago: "In the real estate sector, our goal is to acquire multifamily properties totaling in excess of $500 million in appraised value within 1-2 years. Specifically, we are targeting properties priced below market with opportunities to maximize rent revenue. Once acquired, we are able to utilize our management expertise to derive increased cash flow from the properties. When a particular property achieves our capital appreciation targets, we may sell the property to capitalize on the higher value. Following this disciplined strategy, the principals of Reliance have successfully generated attractive risk-adjusted returns for the past 30 years."
You guys need to buy this stock asap. Read the Intro page on RELI's board, and you will understand why. Also the sticky posts. This will be at $5 - $7 in a few months.
RELI is about to take flight. I have been adding since .07. I have been sitting at the bid and no one wants to sell. Buy at the ask to catch this flight. That’s what I had to do!
RELI....Not to mention the reoccurring revenues from insurance and the units long term!!
RELI is Money in the bank. A lot of Money in the bank!!!!