Reliance Global Group Inc (RELI)

[LaFortuna]

Folks really might not understand the value we have here. This is worth another read.

Keep in mind, this market cap assumes the RE LOI's will fully execute. Also keep in mind this market cap doesn't even take into affect RELI's Insurance Division.

We firmly believe that assuming the LOI's close, the PPS will be well above $5, paying a dividend exceeding 5% annually.

Valuation of EOMN

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
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http://ezrabeyman.net/

IRT’s portfolio has 15,200 units and $1.7 bill in gross assets:
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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