Reliance Global Group Inc (RELI)

[BullMarket34]

That deal would have made a negative impact on shareholders as it would have caused a massive dilution.

Gotcha. So they didn't have a semblance of a clue as to how they were going to finance it when they announced it, despite say due diligence was well underway. Similar to how they didn't have any clue as to how they were going to finance the RE or if their lender would approve of the transfer prior to issuing all of those LOI's.

Or maybe they just learned what dilution meant a few weeks ago.




September: LOI for national 145 location insurance agency!

May: Nevermind guys, that would've resulted in massive dilution, our bad.