|From: NetworkNewsWire (Rep: 0)||Date: 03/08/2018 18:13|
|Forum: Penny Stocks - Msg #1356 - List IEGH msgs ||Thread #673996257 (Rec: 0) |
|NetworkNewsBreaks – Equity Research Firm Projects IEG Holdings Corp. (IEGH) to Reach $8.2M in Revenue in FY2020|
IEG Holdings (OTCQB: IEGH) is a Las Vegas-based fintech provider of $5,000 and $10,000 unsecured, five-year consumer loans under the brand name ‘Mr. Amazing Loans’. The company was recently the subject of a report by an equity research firm. A recent article discussing the company reads: “ACF Equity Research projects the revenue of IEGH reaching $5.328 million in FY2019 and $8.227 million in FY2020, with positive EBITDA in both years (http://nnw.fm/1dPMY). That projection is based on ACF Equity Research liking the no-debt position of IEGH, its free cash flow, its business model, and its 80 percent repeat business loan book. It also sees value in the company’s exploration of cryptocurrency loans and the formation of its new 100 percent-owned subsidiary, Investment Evolution Crypto, LLC. IEGH is said to be looking into launching an initial coin offering (ICO), the report said.”
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