Replies to post #33860 on Reliance Global Group Inc (RELI)

[QaB2i]

Guys,

massive RE assets from the privately held company to RELI.

The alleged massive real estate were in a private deal that Beyman didn't control, nor did Beyman have lenders consent to assume the mortgages, nor did the majority owner(s) of the private company agree to, or give consent to : transfer, sell or convey any of the assets.

clearly explained

Now we have all our eggs in ONE basket (Insurance) and that appears to be NSURE.

NSURE is a partial incomplete investment. Its a lead creation machine and its most certainly a fine little mousetrap, but its not unique or alone.

NSURE could be taken out tomorrow by a much larger company than RELI.

Yes indeed. Prudential spends billions on such "mousetraps" once they have some traction.

.... acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.

Assets only?...usually means one of two things. 1) The Company is mired is bad debt, or horrible liabilities (like lawsuits or close to bankrupt) that outweigh the value of the assets. The way to save the assets? sell the assets only for a very low price.

As a very large Shareholder, I would like to know how that acquisition was funded???

IMO it didn't need funding. It was literally free.

The company can't issue an 8K, detailing the funding of the acquisition because of the Form 10 fiasco,

which by the way I would like to know what the status of that is???

Only possible answer is : Form 10 , new business plan - starting again from scratch.

And now the big market maker is no longer active all the liquidity has evaporated.

.12/.13 churn .

[shanak10]

Then we have the PR on the 9/23....Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today announced that it has acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.
As a very large Shareholder, I would like to know how that acquisition was funded???

I believe you already asked this question before and I replied to you that I believe they paid it mostly with cash and a small amount of stocks. No debt.

[Porteño]

I would also like to see an update on the Form 10 status.