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IEG Holdings Corp. (IEGH)

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Last Post: 1/14/2018 10:25:12 PM - Followers: 17 - Board type: Free - Posts Today: 0

Blockchain/Crypto Consumer Finance

$2-4 Dollar Price Target

No Toxic Debt

Millions in Revenue

3.2 Million Trade-able Float

1.85 Million Cash on hand


SeeThruEquity Issues Update on IEG Holdings Corporation (OTCQB: IEGH)

NEW YORK, NY / ACCESSWIRE / December 29, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on IEG Holdings Corporation (OTCQB: IEGH).

The report is available here: IEGH December 2017 Update Note.

IEG Holdings Corporation (OTCQB: IEGH) provides online unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website,, in 20 US states. The company offers $5,000 and $10,000 personal loans over a five-year term at rates ranging from 19.9% to 29.9% APR. IEG Holdings plans future expansion to a total of 25 US states, which would cover 240mn people and represent approximately 75% of the US population.

Since 2013, IEGH has obtained additional state lending licenses, and they are licensed and originating direct consumer loans in 20 states including: Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The Company was founded in 2010 and is headquartered in Las Vegas, Nevada.

Highlights from the note include:

IEGH to enter Crypto / Blockchain space with new entity

On December 22, 2017, IEGH Chairman and CEO Paul Mathieson announced that IEGH would enter the cryptocurrency space with the incorporation of a new entity, Investment Evolution Crypto, LLC. The new entity is a 100% wholly-owned subsidiary that will explore the practicality and legality of working with Mr. Amazing Loans to accept payment for customer loans by way of leading Crypto / Blockchain currencies such as Bitcoin, provide the cryptocurrency equivalent of $5,000 and $10,000 loans, and potentially issue its own cryptocurrency. The decision to enter the cryptocurrency space is a rational one for IEGH, which already has an existing business issuing $5,000 and $10,000 consumer loans through online channels, and the company may be able to leverage the growing interest in cryptocurrency to grow its business and raise new capital that could be deployed to grow its loan book.

IEGH releases 3Q17 results

IEGH released 3Q17 results on November 8, 2017, with the filing of its 10-Q with the SEC. During 3Q17 IEGH increased its advertising spend and maintained its quarterly dividend of $0.005 per common share. Revenues, primarily consisting of interest revenue, were $407,370, down from $413,941 in 2Q17 and 557,551 in 3Q16. As of September 30, 2017, IEGH had 1,546 loans outstanding with an unpaid principal balance of $5.92mn. Operating expenses during the quarter declined to $1.48mn from $1.54mn in the year-ago period. The company increased advertising expenses during the quarter, which is expected to help increase loan originations in future periods. IEGH also resumed payments to CEO Paul Mathieson, at an annual salary of $1.2mn, and reduced rent and other operating expenses. We estimate the company is now operating at an annualized expense rate of slightly under $6mn and have assumed the company will manage the business for growth rather than targeting breakeven in the short run. Net loss in 3Q17 was ($1.7mn), including a legal settlement of $0.6mn. For the quarter, EPS came in at a loss of ($0.13) versus ($0.10) in the year-ago period.

Price target moves to $2.00

We are updating our price target for IEGH to $2.00 per share following recent results and a new share count assumption following recent financing activities. IEGH is a high risk, high potential reward company in the consumer finance sector.

IEG Holdings Incorporates Investment Evolution Crypto, LLC Subsidiary Company

Dec 22, 2017

OTC Disclosure & News Service


IEG Holdings Incorporates Investment Evolution Crypto, LLC Subsidiary Company

LAS VEGAS, NV--(Marketwired - December 22, 2017) - IEG Holdings Corporation (OTCQB: IEGH) announced today that it has incorporated a 100% owned subsidiary company named Investment Evolution Crypto, LLC. The subsidiary company will explore the legalities and economic risks and benefits of entering into a joint venture with IEGH's other 100% owned subsidiary company Investment Evolution Corporation dba Mr. Amazing Loans to accept repayment of customer loans in the form of leading Crypto/Blockchain currencies such as Bitcoin, provide the crypto equivalent of USD $5,000 and $10,000 loans to customers, and also potentially create and issue an Investment Evolution cryptocurrency. Investment Evolution Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology.

Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer, said, "I am pleased to announce the launch of a potential new vertically integrated business channel in the exciting new Crypto/Blockchain sector."

Investment Evolution Corporation provides unsecured online consumer loans under the brand name "Mr. Amazing Loans" via our website and online application portal at We started our business and opened our first office in Las Vegas, Nevada in 2010. We currently offer $5,000 and $10,000 unsecured consumer loans that mature in five years. The Company is a direct lender with state licenses and/or certificates of authority in 20 states - Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Wisconsin. We provide loans to residents of these states through our online application portal, with all loans originated, processed and serviced out of our centralized Las Vegas head office, which eliminates the need for physical offices in all of these states.

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IEGH News: Current Report Filing (8-k) 01/04/2018 05:07:49 PM
IEGH News: Current Report Filing (8-k) 12/22/2017 11:25:26 AM
IEGH News: Current Report Filing (8-k) 12/18/2017 06:05:20 AM
IEGH News: Quarterly Report (10-q) 11/09/2017 03:49:22 PM
IEGH News: Current Report Filing (8-k) 11/03/2017 01:58:10 PM
#164  Sticky Note Since 2013, IEGH has obtained additional state lending Sponsoring Thought Capital 12/30/17 09:28:03 AM
#265   50 ema support and 100 ema new Afterhoursearnings3 01/14/18 10:25:12 PM
#264   it seems this is at a turning point arbytrader 01/12/18 11:05:37 PM
#263   This is a good company. About to go Afterhoursearnings3 01/12/18 10:43:55 PM
#262   With all the back loading on the drop Fiesta11 01/12/18 08:31:12 PM
#261   Fidelity wouldn't fill be at .41...even when it Afterhoursearnings3 01/12/18 07:51:19 PM
#260   IEGH is “One to Watch” NetworkNewsWire 01/12/18 03:47:35 PM
#259   VERT back loading on the bid Panzer 01/12/18 01:31:10 PM
#258   Did I miss something? Why is IEGH trading JLPTNG 01/12/18 09:29:03 AM
#257   I'm looking at the float to be 5.4m Fiesta11 01/11/18 11:39:58 PM
#256   Gonna grab some of this prolly, Blockchain and Yo-Yo 01/11/18 06:01:50 PM
#255   In here...lets get crackin...the giant volume spike is Afterhoursearnings3 01/11/18 03:01:12 PM
#254   ASCM set to start loading at .55 if Panzer 01/11/18 02:07:02 PM
#253   IEGH Commences Tender Offer for 4.99% of the NetworkNewsWire 01/11/18 12:57:14 PM
#252   Finding nice support in .60 range IEGH Panzer 01/11/18 12:11:24 PM
#251   IEGH consolidating in this range then will pop Panzer 01/11/18 11:24:20 AM
#250   Obviously, IEGH is a Pump and dump from hondaboost 01/11/18 11:14:39 AM
#249   Haha I tripled my position! Float is tiny. Maso11 01/11/18 09:45:58 AM
#248   IEGH tanking Selling my shares now before I lose money! BigNuk812 01/11/18 09:37:38 AM
#247   BULLISH! Barry Allen 01/11/18 08:36:44 AM
#246   What how fast this breaks 1.50. After that Maso11 01/11/18 08:33:39 AM
#245   Thats exactly right! If the offer doesn’t go Maso11 01/10/18 10:38:29 PM
#244   Isn't the 269m shares only for LC tender littlewins 01/10/18 08:37:45 PM
#243   100% agree!! Panzer 01/10/18 07:20:07 PM
#242   This is very similar and trading very similar Maso11 01/10/18 05:30:55 PM
#241   * * $IEGH Video Chart 01-10-18 * * ClayTrader 01/10/18 05:01:43 PM
#240   Just what the Doc Holliday ordered!! BOOM!! Panzer 01/10/18 03:30:24 PM
#239   Let's hit dollar land again today. Doc Holliday 01/10/18 03:24:35 PM
#238   It will no longer be a Low float. thanks fatcat2 01/10/18 02:31:52 PM
#237   Wondering How IEGH will sell 269 Million new hondaboost 01/10/18 02:26:44 PM
#236   Sorry for the repeating post because of the hondaboost 01/10/18 01:56:41 PM
#235   IEGH, issued 269 Million new shares for sell, hondaboost 01/10/18 01:53:04 PM
#234   IEGH, issuing 269 Million new shares for sell, hondaboost 01/10/18 01:52:25 PM
#233   IEGH Unveils Plans for New Cryptocurrency NetworkNewsWire 01/10/18 01:16:13 PM
#232   congrats Panzer we did good arbytrader 01/10/18 12:54:57 PM
#231   They just gave middle finger to Lending Club Panzer 01/10/18 11:57:46 AM
#230   No scam here, real company, real revenue, real Panzer 01/10/18 11:57:18 AM
#229   Wow, another Scam (IEGH) announced 'blockchain' like many hondaboost 01/10/18 11:02:36 AM
#228   Seems LC offer will need to be adjusted DOWN littlewins 01/10/18 10:39:57 AM
#227   Good Lord! Barry Allen 01/10/18 10:12:05 AM
#226   Wonder if Lending Club would like that offer Panzer 01/10/18 10:10:54 AM
#225   It's Panzermonium!!! Panzer 01/10/18 10:10:20 AM
#223   WOW!!!!! BOOOM!!! Panzer 01/10/18 10:00:42 AM
#222   ACF Equity Research- VALUE RANGE USD2.70–2.99 littlewins 01/09/18 10:28:09 PM
#221   Latest report. They like LC move. littlewins 01/09/18 03:47:12 PM
#220   Agreed Accumulating for run to come Traderick 01/09/18 07:53:58 AM
#219   I really expect this to pop when people JDitGUY 01/09/18 02:39:00 AM
#218   Agree, I continue to accumulate as a long Panzer 01/08/18 12:11:04 PM
#217   I've been watching IEG and I think it's JDitGUY 01/08/18 10:53:06 AM
#216   IEGH Commences Tender Offer for Stake in LendingClub NetworkNewsWire 01/08/18 09:20:08 AM