Wednesday, October 10, 2018 10:43:05 AM
Let's think out loud about the possible valuation of the real estate and insurance portfolio coming into EOMN, because of the change of control with our new CEO Ezra S. Beyman.
Yesterday's news on otcmarkets.com said the following:
Ethos Media Networks, Inc. (EOMN) Announces a Change of Control
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / On September 21, 2018, Jack Namer, formerly the sole officer and director of Ethos Media Network, Inc. (EOMN), sold his common and preferred shares of EOMN to Reliance Capital Group, LLC ("Reliance"), a New York-based limited liability company.
https://www.otcmarkets.com/stock/EOMN/news/story?e&id=1189798
On the next screenshot you can see that below the picture of Ezra Beyman, there has been mention of "Independence Realty Trust, Inc"
That company (trading on the NYSE with ticker IRT) is a REIT and has a market cap of $896 mill:
https://finance.yahoo.com/quote/IRT?p=IRT&.tsrc=fin-srch
http://ezrabeyman.net/
IRT's portfolio has 15,200 units and $1.7 bill in gross assets:
https://seekingalpha.com/article/4205773-independence-realty-trust-wait-drop
Now let's compare this to the number of units that RELIANCE CAPITAL GROUP, LLC has:
http://rivkywachtfogel.wixsite.com/reliance_capital_group_llc/acquisition
Given the fact that Reliance Capital Group LLC has even more units than IRT (namely 17385 units), the valution coming into EOMN is even bigger than the market cap of IRT. So, it will be even bigger than $1.7 bill in gross assets.
This gives us a $900 mill - $ 1 billion valuation coming into EOMN with this huge merger, all IMO.
$900 mill market value would mean a share price for EOMN of $900 mill/ 247 mill o/s = 3.64
Recent RELI News
- Reliance Global Group Announces Enhanced Terms for Pending Spetner Acquisition • GlobeNewswire Inc. • 09/09/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 12:40:28 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 12:30:27 PM
- Reliance Global Group Announces Advanced Quote & Bind InsurTech Solution for Commercial Policies Launching in Q4 2024 • GlobeNewswire Inc. • 07/30/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 08:10:47 PM
- Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update • GlobeNewswire Inc. • 07/25/2024 08:05:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:05:29 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/24/2024 08:12:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:15:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 12:30:34 PM
- Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call • GlobeNewswire Inc. • 07/19/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 12:08:27 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 12:07:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 12:30:38 PM
- Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements • GlobeNewswire Inc. • 07/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 07:39:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 07:37:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 05:56:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 04:33:33 PM
- Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations • GlobeNewswire Inc. • 07/01/2024 12:30:00 PM
- Reliance Global Group Announces Reverse Stock Split • GlobeNewswire Inc. • 06/26/2024 01:15:41 PM
- Reliance Global Group Announces Withdrawal of Registration Statement • GlobeNewswire Inc. • 06/24/2024 12:15:00 PM
- Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants • GlobeNewswire Inc. • 06/20/2024 12:30:00 PM
- Reliance Global Group Provides Update on Pending Spetner Acquisition • GlobeNewswire Inc. • 06/18/2024 12:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM