Reliance Global Group Inc (RELI)

[held2long]

That was his biggest announced LOI and it was with stock. At least 2 of his other LOIs were done with stock.So it is fair to assume that he isn't planning on giving away his assets to strangers like you and me for free.

To do so would be beyond comprehension for any rational person to think.

04/03/19 - has completed the previously announced acquisition of an unaffiliated niche insurance agency, Southwestern Montana Insurance Agency, for a total purchase price of $2.338 million , consisting of cash and the issuance of restricted stock.

09/10/19 - The transaction was completed through a combination of $1.4 million of cash, provided by Reliance Global Holdings, LLC, a Company controlled by Ezra Beyman, CEO of RELI, as well as $4.1 million debt from an unaffiliated lender, and the issuance of approximately 11.9 million shares of restricted stock.