Reliance Global Group Inc (RELI)

[Ferda]

So the REIT IPO 1-A offering for Reliance Real Estate Trust, LLC goes through multiple submissions and iterations with follow up comments and responses to SEC questions. They go through all the work of amending and resubmitting, finally the form 1A is qualified by the SEC, then nothing else... why? It seems like they were ready for the next step. Whole offering is based off acquiring a ~67MM initial portfolio from Reliance Property Group, LLC.

Perhaps acquiring the IP with a shell allows for some better payments/transactions between buyer/seller... since supposedly they are acquiring companies affiliated with Reliance?