Reliance Global Group, Inc. (NASDAQ:RELI) Q4 2022 Earnings Call Transcript

Unidentified Analyst: I’m a shareholder and a warrant holder. I wanted to ask the company if it’s possible now with the reverse stock split, if you can do a reverse on the warrants and bring the strike price back down to the original ?

Joel Markovits: Sure. I can, yes, thanks for that question. It’s something that we are considering and we’re in active discussions with counsel to see what the most efficient way would be to do that. But yes, it’s a great question, and we are considering it.

Unidentified Analyst: And then you understand all the advantages because then once we’re in the money, then there’s an incentive to exercise and then you don’t have to go to the street to raise money if you have warrant holders. Okay, appreciate you working on it.

Joel Markovits: We get it, and you’re on the money, and we want to be in the money. So, for you — so we’re good with that.

Operator: Your next question is coming from .

Unidentified Analyst: Thank you for good quarter and year ending. Do you have any guidance for the current quarter that’s just ending?

Ezra Beyman: I guess that’s a Joel question.

Joel Markovits: Yes. It’s a great question. I’m hesitant to give I guess potentially non-material — non-public material information. But I’d say that we’re having a good quarter overall. And yes, as soon as we’re able to give guidance substantively, we will.

Unidentified Analyst: A follow-up question. It was important today in the Wall Street Journal that AI, they want to pause and slow down. How will that affect you?

Ezra Beyman: That doesn’t really affect, we’re already in place. And the beauty of our AI, we mentioned that in my comments, I think I should reiterate that, we’re not getting rid of the humans. We’re just helping the humans. Much of AI — I know something came out recently that they’re expecting could impact like 80% of the population of AI. We actually pride ourselves in not just — we’re actually helping humans use technology. So, we’re not worried about that at all. And we’re not — our AI has already done. We’re not really waiting for more. In other, if we make it too easy, the customer would have to just call and breathe into the phone and the rest would be filled out. Right now, they’re giving very minimal information to — yes. We’ve done essentially is we have empowered the agents with the AI instead of using it against them. So, it’s everyone — it’s a win-win for everyone.