Reliance Global Group Inc (RELI)

[shanak10]

LOL Leave it to the glass-half-empty crowd to find the cloud in the silver lining!
At least for now it seems that the earlier LOI isn't coming through.
But look at it this way: They probably have been working on the JP Kush deal for months, and DIDN'T issue an LOI. That's because, contrary to the peanut gallery, they DID learn a lesson: don't announce anything until it's signed and finished!
This acquisition is a nice step in the right direction... and the fact that nothing was announced previously about it makes it very possible that other deals are being negotiated, but we won't hear about it/them until they're actually finalized. That IMO restores at least a measure of real hope that RELI is turning the corner.
All IMO of course. I'm from the glass-half-full crowd.

Thank you BenK for a very good post. I have tried several times to explain on board that perhaps the company decided not to post LOI's but rather wait till a deal is done. I am glad you got the point across finally.
I also like this part of the PR

J.P. Kush’s founder, Joshua Kushnereit, will become part of the Reliance Global family as Chief Operating Officer of the new Kush Benefits Solutions, LLC, which is now a wholly owned subsidiary of Reliance Global Group, Inc.