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You are welcome Porteño
Puerto Escondido Beautiful place. Beautiful Beaches.
You are welcome MrBaseball
Thank you migelum
Ezra Beyman
5:20 PM (4 minutes ago)
to me
Shana,
I don’t understand why anyone would think that our hiring Mazars would cause any delay in the audits as we engaged them several months ago & the audits are well under way!
Very Sincerely,
Ezra S. Beyman
Chairman
Reliance Global Holdings, LLC
300 Blvd. of the Americas, Suite 105
Lakewood, NJ 08701
P: (732) 380-4661
F: (732) 605-4648
Welcome aboard first timer.
Why is it so surprising? I gather that you did an extensive due diligence prior to coming to those assumptions.
Previous auditing firm was PCBOA. They got paid in full.
Company is growing and so are the company's needs.
Is that in the PR or your own PR?
I am not sure how exactly you want share holders to be comforted. Do we need a group hug? Each one of us has their own way of comforting themselves. There is not much for us to say. It is a tough period that we hope to overcome soon and until such time each one should comfort him/her/self knowing what $RELI will do for us in the not so distance future.
While this pandemic is still around you might want to do something that makes you less anxious, like reading a book, music, etc...
and BTW if shareholders do not know by now that they are in a solid investment..... I do not know what to say..........
What do you want posters to post today? What would you post today?
I don't know what will happen. Company says they are working on it so we will see.
We need to be patient now with the Corona virus going around. All markets are suffering now. This too shall pass.
Check out Mazars usa website
https://mazarsusa.com/
Mazars USA LLP is a high-performing accounting, tax and consulting firm with significant national presence in strategic US geographies. Since 1921, our dedicated professionals have leveraged technical industry expertise to develop customized solutions for clients, create value, and Optimize their performance. We offer a broad array of industry specialists providing services to growth-oriented enterprises and individuals. As the independent US member firm of Mazars Group, we deliver seamless access to the expertise of 24,000 professionals in 90+ countries.
Yes. I think it is good news in general and especially right before audits are due.
Market halted for 15 minutes.
News
Reliance Global Group Inc. Announces Recent Appointment of Nationally Recognized Mazars USA as the Companys Independent Auditor
9:35 AM ET 3/12/20 | GlobeNewswire
Reliance Global Group Inc. Announces Recent Appointment of Nationally Recognized Mazars USA as the Company's Independent Auditor
LAKEWOOD, N.J., March 12, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today announced that the Company has appointed Mazars USA LLP, a leading accounting, tax and consulting firm in the United States, as the Company's new independent registered public accounting firm.
Ezra Beyman, CEO of Reliance Global Group, stated, "We are pleased to announce the recent appointment of Mazars USA, a nationally recognized accounting firm, as our new audit firm. Mazars USA is part of Mazars Group, which has over 40,000 professionals around the world in more than 90 countries. We believe this appointment is timely in light of the growth we have experienced, the addition of our new digital insurance strategy in partnership with Nsure.com, as well as our anticipated expansion both within the insurance and real estate verticals. Importantly, they have the resources, national footprint and sector
expertise to support our aggressive acquisition plans. As previously reported, our 2019 audits are well underway with Mazars, and will be posted as they are completed. We would also like to thank Friedman, LLP for their guidance, expertise and support."
Mazars USA replaces Friedman, LLP, as the Company's independent auditor. There were no disagreements or unresolved issues with Friedman, LLP. The appointment of Mazars has been approved by the Board of Directors.
About Mazars USA
Mazars USA LLP is a high-performing accounting, tax and consulting firm with significant national presence in strategic U.S. geographies. Since 1921, our dedicated professionals have leveraged technical industry expertise to develop customized solutions for clients, create value, and Optimize their performance. We offer a broad array of industry specialists providing services to growth-oriented enterprises and individuals. As the independent US member firm of Mazars Group, we deliver seamless access to the expertise of more than 40,000 professionals in over 90 countries. At local and global levels, we are proud of our value-added services, building lasting relationships with our clients and communities. For more information, visit us at www.mazarsusa.com.
Market Volatility
Please be aware that volatility in the market could trigger circuit breaker rules. A 7% drop of the S&P 500 would force a mandatory 15 minute market halt. If the S&P 500 drops by 13%, markets will be suspended for an additional 15 minutes. If the decline reaches 20%, trading will be suspended for the day. Learn more about our market volatility resources.
I don't think your DD is accurate but time will tell.
Welcome.
I will do it this time, but anyone can have Mr. Looudoun's ear. It is very simply done via email.
If I get a reply from him I will share.
If you have any questions you can contact the CEO directly. I am sure he will be happy to answer.
Ron Loudoun
5:10 PM (1 hour ago)
to me
Thanks Shana. So much being invented on that site it’s ridiculous.
Am excited to start news releases for all of us but waiting for the right time and mainly the certification on the farm. The delay was on their side.
Your feedback is most welcome too by the way as I know it comes from a good place. Thank you,
Ron
Sent from my iPhone
That is correct.
Thank you.
I hope this email will set you straight.
Alex Blumenfrucht
2:00 PM (7 minutes ago)
to Ezra, me
Shana,
Our responses are as follows:
The share restriction for newly issued shares from our company is 2 years therefore, the 54.8M shares are not up yet and quite a while to go.
All the agencies were third party transactions. Even the first one was bough by the LLC with the intent to put it in the public company (we closed on that agency a month before we closed on EOMN/RELI and contributed it immediately)
The shares were given at market price
Just want to remind you that we put around $5M into the Company from our own funds.
Thank You,
Alex
FYI. I believe shares are restricted until Oct 2020-January 2021 and even at that time they can only sell a certain amount at a time so as not to crush the PPS.
The shares were restricted for 1 year upon issuance. That year is up...
OK. If you think you did the correct due diligence and came to this conclusion go ahead and act upon it accordingly. Good luck picking up shares for a nickel.
$RELI one of a kind gem in the rough.
News
Reliance Global Group Names Senior Industry Executive Josh Colter as Chief Investment Officer
9:15 AM ET 3/10/20 | GlobeNewswire
Reliance Global Group Names Senior Industry Executive Josh Colter as Chief Investment Officer & Head of U.S. Real Estate
LAKEWOOD, N.J., March 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") today announced the appointment of Josh Colter as Chief Investment Officer & Head of U.S. Real Estate, effective March 10, 2020. Mr. Colter will be responsible for spearheading new acquisitions and dispositions, overseeing the underwriting process, developing capital partner relationships, and will manage the real-estate portfolios that will be purchased by Reliance Global Group.
Mr. Colter brings over 15 years of domestic and international real estate, private equity, and M&A advisory experience, including having closed more than $1.2 billion of multifamily acquisitions over the past five years. Most recently, Mr. Colter served as Director of Acquisitions & Finance at Robbins Property Associates, a full-service
owner-operator of multifamily properties. Previously, Mr. Colter served as Managing Director for Lloyd Jones Capital, a private equity real estate investment, development & management company specializing in multifamily and senior housing. His background with sponsor/operators includes principal investing, asset management, acquisitions, and JV structuring with family offices and institutional groups. His experience includes roles with Exane BNP Paribas, Consultiva, Tavira Monaco SAM, Broad Street Securities Group and Bear Stearns. He graduated from the University of Central FL (B.S.) with a triple concentration in Finance, Accounting, & Economics, and completed a double master's degree program (MSc) in Financial Economics and Risk & Investment Management from EDHEC Business School in France. Additionally, he is a Young Founder & President of the Mt. Sinai Foundation in Miami Beach, FL.
Ezra Beyman, CEO of Reliance Global Group, stated, "Josh is an outstanding and timely addition to the senior management team. Having closed over $1.2 billion in multifamily acquisitions over the past 5 years alone, his experience will be invaluable in accelerating the growth of our multifamily real estate portfolio. Moreover, his involvement within our real estate segment will allow us to allocate greater resources towards our acquisition/roll-up strategy within the insurance segment. Importantly, we believe our business model brings together the best of two worlds. First, we believe multifamily properties represent the most attractive asset class within the real estate market at this time, with the potential to generate highly attractive returns. At the same time, insurance is a very secure and predictable asset class, especially during volatile markets. By utilizing the Nsure.com platform to drive efficiencies and cost savings within our insurance agency portfolio, we believe we have developed a finely tuned business model that has the potential to drive significant shareholder value for years to come."
The Company also reported that it is making progress on the 2019 audits, as previously announced, and expects to provide further updates shortly.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (OTCQB: RELI) is moving forward with its goal to operate as a holding company for several companies in the real estate, insurance brokerage, 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 York-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.
Contact:
Thanks for a good and true to the point post as usual.
Volatility in the market today triggered the first of three circuit breaker rules (a 7% drop of the S&P 500) and trading resumed at 9:49 a.m. ET. If the S&P 500 drops by 13%, markets will be halted for an additional 15 minutes. If the decline reaches 20%, trading will be suspended for the day.
Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. Trading halted for 15 minutes.
There are other factors to keep in mind. #DowFutures look grim. Stock markets poised to collapse at opening. Right now they're down over 1,255-Almost 5%-Trillions in consumer savings have been evaporated. All businesses will be affected by the #coronavirus. The good ones will survive.
I gather this is a reply to my deleted post.
I agree with what you are saying. I enjoy reading your posts on boards. Keep it up.
Your message makes a lot of sense. I will forward it to CEO so that he can see that some traders appreciate the amount of hard work he has done in such a short period of time. And that some of us understand what it means to turn a shell into a profitable company.
Continuous luck to all.
In general, I like your post. However one thing I disagree with you about is:
RELI has not done a good enough job expressing what they are doing, or doing it fast enough. The market reaction is clear. They can't hide from that
I can understand your feeling. Yes time for change and things will change.
Continuous luck to you and a restful weekend.
Welcome aboard tenbagger. or is it ten bagholder?
Please stop it right now. Shame on you for wishing someone such a terrible disease. restrain yourself
I’m frustrated with scumbags like u. You’ll be silenced one day. Maybe throat cancer will do it. Remember karma.
I am sure the company is weighing all their options.