Reliance Global Group Inc (RELI)

[shanak10]

December 20, 2018
As previously announced RELI's plan is to continue executing on its focused strategy of pursuing acquisitions in the real estate and insurance agency sectors to fully leverage management's expertise in these industries.

Jun 14, 2019
Although the Company had originally planned to structure the real estate entity as a REIT, "Edmonton Realty REIT USA," it is also exploring alternative structures a "merchant" in the multifamily real estate industry, which has been a successful strategy of Reliance Global Holdings, LLC's principals for the past 30 years

Lies straight through his teeth. Disgusting.

QaB2i Member Level Wednesday, 05/05/21 04:55:08 PM
Re: BullMarket34 post# 39641 0
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Indeed

FOS

QaB2i Member Level Wednesday, 05/05/21 08:56:53 PM
Re: shanak10 post# 39654 0
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When all credibility has been shredded in the bonfire of the vanities nothing can ever be trusted again. Such a shame. The good news is that this injured group of investors will never be fooled like this again.

3. We note your response to comment 15 that the acquisition that was referenced in your Summary section is not reasonably likely to close; however, you have not revised disclosure at page 27 stating that you plan to use some of the proceeds for acquisitions, in addition to other funds. Please revise to identify this anticipated use of proceeds here, if applicable, or revise the two sections for consistency. Refer to Item 504 of Regulation S- K.

QaB2i Member Level Thursday, 05/06/21 12:22:30 PM
Re: QaB2i post# 39633 0
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Is not reasonably likely to close

I am trying to figure out what your messages are trying to convey. In 2018/2019 they were focused on RE. At the time they planned on REIT and were EXPLORING "merchant" there were no promises of either one of those to shareholders.
I share in investors sentiment that the silence from the company is conducive to creating negative feeling about the company, but it looks
like the company is now focused on Insurance. Maybe they learned from their mistake and are no longer PR'ing LOI's and rather waiting to close a deal/deals before sending a PR.

The good news is that this injured group of investors will never be fooled like this again

I still trust and believe that better days are ahead of us and wishing all good luck.