$CFGX - Only a 51M FLOAT!
Capital Financial Global, Inc. (CFGX) CFGX is currently trading at just .0073 and with their relatively small float a big run could be just around the corner! With a new division CFGX greatly increases their overall revenue potential as they will no longer have to pass on smaller transactions.
CFGX is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts and pension funds, owners of commercial real estate, owners of residential real estate portfolios and owners of mining & precious metal assets:
CFGX helps commercial real estate owners and managers obtain needed liquidity that, unlike traditional bank lending, is based on the cash flow or liquidation value of the asset, rather than the credit profile of the borrower.
CFGX expects to have 1,000 loans under their new loan servicing platform by the end of this current year and to have 10,000 on board by the end of 2013. This will bring in a substantial revenue base in monthly servicing fees in addition to allowing them to more effectively manage loan interest rate spreads and loan portfolio sales and acquisitions.
CFGX helps residential real estate investors obtain the funds they need to purchase, refinance and renovate their projects without gouging them with unrealistic fees.
The Company recently announced the figures for its Insurance Lending unit. They reported $16.4 MLN of loans in process which corresponds to approximately $328k in estimated revenue.
The Company is also in the process of raising funds and bringing the St. Louis Mine back into production and having it as a long-term value producing asset.