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Sunday, November 18, 2018 11:49:42 AM
This is why I think this simple detail is so important:
Alex Blumenfrucht was the CFO of Reliance Global Holdings, a company valued at $3.5B, as they say in one of the pages of Reliance website.
So suppose I was Ezra Beyman. How do I convince the CFO of my private company, a $3.5B company, to quit, and, be the CFO of my small publicly traded company, a company valued only at a few million dollars?
This is clearly a gigantic downgrade, right?
But, if I tell him that he will move to EOMN, now RELI, I will put someone else on his place(David Teiler), that I will reverse merge Reliance Global Holdings into my small publicly company, this is another story.
This is a very strong motivation to make him accept the change.
After a few months, he will be the CFO of a publicly traded company, probably trading on NASDAQ, and, with a valuation of $10B+, because usually publicly traded companies trade 3 times higher then when they were private. This is a big upgrade.
So, IMO, this is the biggest confirmation that Ezra Beyman will reverse merge Reliance Global Holdings into RELI.
Thank you for bringing this to my attention. It made my day.
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