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3 million volume $RELI
Just entered the conference call *
Just got entered the cc, what did I miss from the first 15 mins??
Thank you for the post
Get them while they’re cheap. News any moment / day now
LVCA On a good recovery. They aint fillin that gap
Todays the day... when’s the news droppin?
End of Oct? Lol. First time I saw it. Jimbo did that one guy get ahold of you?
We have waited long enough, we are definitely due!
Thin to the .006’s. Lets close there!
Glad to see you’re back on the PACV board!
Ma 50 is .0062 on the weekly
$PACV ON THE MOVE
BB Are you still holding PACV? Looking great this morning.
Great Morning $PACV
BID 1.1million @ .0045
PACV on a nice run!
Nice close .0039. Hopefully make it back to the .004’s before eow.
Nice close .2974
I think everyone here is interested in current news , not articles from 2+ years ago.
Pacv looking good, heading to 0040’s by the eod.
Wall at .035 then back into the 40’s
.28’s up
Did whatshisname get ahold of you?
PACV .0040’s on deck, up 33% . Relatively thin to mid .0050’s.
Green Close, up 12% on the day. Lets see what tomorrow brings.
PACV still climbing ..63 , .007’s about to start rolling
Wall has been broken, now to mid .006’s +
RELI NEWS Reliance Global Group, Inc. Announces Purchase and Sale Agreement to Acquire Contiguous Class A Multi-Family Properties
Reliance Global Group, Inc. Announces Purchase and Sale Agreement to Acquire Contiguous Class A Multi-Family Properties
LAKEWOOD, N.J., Oct. 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the "Company"), today announced Reliance Global Holdings LLC, (“Reliance LLC”), RELI’s affiliated privately-owned LLC, has executed the purchase and sale agreement to acquire two contiguous Class A multi-family properties for a total purchase price of $42.5 million, following the signing of the letter of intent, as previously announced on August 19, 2019.
The properties consist of approximately 260 apartment units located in a strong market on the East Coast. The first phase of construction, which consists of 117 units, was completed in 2017, and is 97% occupied. The second phase of construction, consisting of 143 apartment units, is expected to be completed mid-2020, and all of the completed units have been pre-leased, subject only to total completion of construction.
As previously announced, Reliance Global Holdings, LLC transferred $250,000 to RELI, which has been used as the initial down payment due upon execution of the purchase agreement; that $250,000 has now been transferred by RELI to the escrow agent, in anticipation of the closing of the purchase.
Closing of the purchase of the properties is subject to satisfactory completion of final due diligence, and bank financing, which is in progress. Upon completion of the acquisition, RELI anticipates completing an SEC-compliant audit of these multi-family properties, to enable them to become a component of the Company’s assets and business, when RELI becomes a SEC-reporting issuer again.
If for any reason the SEC-compliant audit is delayed, after the acquisition of the properties by Reliance LLC, it is nevertheless RELI management’s clear intention to cause Reliance LLC to contribute to RELI the ongoing profits generated by these two properties, on a permanent basis. Upon completion of the audit Reliance LLC will then contribute the properties to RELI.
Ezra Beyman, CEO of RELI, stated, "We are pleased to announce execution of the purchase and sale agreement to acquire these premier properties, and will provide further updates upon completion of the transaction. We were attracted by the high occupancy rate and job growth in the area. Overall, we remain extremely encouraged by the outlook for the business as we aggressively build our portfolio of undervalued properties with sustainable cash flows in attractive markets."
Going Green
Solid profits , adding more tomorrow for easy money
Great Post! Cant wait to see where RELI will be at in a few short weeks. I’ve been accumulating since EOMN days ????
Resistance is crumbling, Reli is ready to pop
Par Sar’s flipping on the weekly, looks like she’s breaking out
Great to hear... Sea Note holding strong
Your what hurts?
End of the day slapper to .19 $RELI $TRONG
I cant find anything pertaining to Reliance or Travelers on their website.
RELI now on TDAmeritrade