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Last Post: 1/7/2020 1:30:50 PM - Followers: 13 - 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, www.mramazingloans.com, 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 www.mramazingloans.com. 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.

Make sure you are first to receive timely information on IEG Holdings when it hits the newswire by signing up for IEG Holdings' email news alert system at http://www.investmentevolution.com/alerts.

#300   hmmm, are they trying to come back? ra dreamcar88 01/07/20 01:30:49 PM
#299   what a piece of fkn trash! name change dreamcar88 12/11/19 01:49:15 PM
#298   XDSC: Company Dissolved. Shares Cancelled. Transfer Books Closed. Renee 12/11/19 11:22:14 AM
#297   MRAL: effective Nov. 11,2019 Mr. Amazing Loans Corp., Renee 11/08/19 09:07:34 AM
#296   5000-1 RS Then 1-5000 FS EmptyBones 03/20/19 12:00:46 PM
#295   Another scam to watch...Caught up when MRAL came laraz5 11/16/18 02:08:39 PM
#294   AMAZING! Now watch MRAL move littlewins 06/08/18 09:36:57 AM
#293   $MRAL: NEWS.. 5yr-$20Million Revolving Debt Facility makinezmoney 06/08/18 08:57:17 AM
#292   So now what's up here? Rentry? Panzer 05/23/18 04:41:32 PM
#291   Last day to qualify for Investment Evolution Coin[Crypto]shares littlewins 04/30/18 10:03:44 AM
#290   IEG Holdings Corp., IEGH, changed to Mr. Amazing Renee 04/28/18 08:46:32 AM
#289   This isn't correct..they are just moving crypto business littlewins 03/15/18 07:22:22 AM
#288   So much for the IEGH crypto business. Guess elkonig 03/14/18 12:07:08 PM
#287   IEGH Projected to Reach $5.3M in Revenue in NetworkNewsWire 02/27/18 02:41:40 PM
#286   IEGH Announced as Latest Addition to SeeThruEquity’s Blockchain NetworkNewsWire 02/27/18 11:58:23 AM
#285   IEGH Signs Intellectsoft for Cryptocurrency Blockchain Development Services; NetworkNewsWire 02/26/18 11:35:13 AM
#284   News https://www.investmentevolution.com/media/press-releases/detail/308/ieg-ho littlewins 02/26/18 10:03:16 AM
#283   News :: IEG Holdings Corp. (IEGH) https://ir.investmentevolution.com/news/detail Panzer 02/20/18 06:49:22 PM
#282   IEGH Aims to Back Cryptocurrency Technologies with Gold NetworkNewsWire 02/20/18 03:52:39 PM
#281   IEGH Aims to Create Exclusive Gold Metal-backed Cryptocurrency NetworkNewsWire 02/16/18 11:22:31 AM
#280   Really pumped then exhaled Panzer 02/15/18 09:24:03 AM
#279   Is anyone long on this? I think it BrentwoodKen 02/14/18 07:31:22 AM
#278   Waiting for take - off. Tightly held - littlewins 02/09/18 07:20:11 AM
#277   How are we doing folks? Panzer 02/08/18 11:21:57 PM
#275   IEGH Aims to be Key Player in the NetworkNewsWire 01/31/18 02:35:00 PM
#274   Are folks buying LC instead of IEGH to littlewins 01/30/18 08:31:38 AM
#273   IEGH Intends to Create Cryptocurrency Backed by Gold Metal NetworkNewsWire 01/29/18 12:04:39 PM
#272   Need to get some footing here! Panzer 01/25/18 05:31:03 PM
#271   IEGH Exploring Creation of Gold Metal-backed Cryptocurrency NetworkNewsWire 01/25/18 01:59:39 PM
#270   IEGH Pushes for Negotiations Related to LendingClub Offer NetworkNewsWire 01/23/18 11:58:53 AM
#269   IEG Holdings Urges LendingClub Board to Enter into Fiesta11 01/23/18 08:52:18 AM
#268   IEGH is Lending to the Under-Banked in 20 NetworkNewsWire 01/22/18 01:24:30 PM
#267   IEGH Views Current Tender Offer as Solid Short-term NetworkNewsWire 01/22/18 12:07:30 PM
#266   GobalSmallCaps Research Report out on IEGH jj494 01/22/18 11:15:16 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