To be honest, with all the LOI's that have not closed whether it be RE or Insurance, someone working for Reliance Global Group does not know what they are doing. This has been a smoke screen for the past two years. Yes they closed on small insurance agencies within the past two years, but no way near from what they told investors about. All the PR's stating hundreds of millions worth of RE, REIT and a National insurance agency with over 140 locations that is nowhere to be seen. They rushed to the NQ to line their own pockets with shareholders $$. Ezra wants to be included with the big boys with his tiny company but they see right though him. Nobody cares, no one is interested and shareholders are the ones paying the price. Long dedicated ones too.
If they close on this big LOI - great, but something went wrong if they haven't closed on it by now. Morale is in the toilet and longs are waiting for a miracle to come. As time goes on, more and more restricted shares will flow into the float. Right now we are up to about 5.3M float.
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