Reliance Global Group Inc (RELI)

[shanak10]

At this point holding is about the only option left, except for an occasional buy when it goes sub dime again....For now what a mess. Let's see if they consummate that LOI before year's end as promised...

I agree with you that right now holding and nibbling is the option for longs and hopefully not for long.
I do want to make a corrects though to what I highlighted in red in your post.

The wording in the PR are The acquisition is expected to close before the December 31, 2020 fiscal year end subject to certain closing conditions, with due diligence well underway.

So expected but not promised.
The difference is that expectation is the act or state of expecting or looking forward to an event as about to happen while promise is an oath or affirmation; a vow.