(edited to be within IHUB rules)
RE Prior comments about Zenefits -
A prior comment was made comparing Zenefits to TDEY/ORTC
Note - if Zenefits lost customers to ORT then they are not companies that have been released so far.
The difference -
Zenefits is a benefit platform that is free. Thousands of businesses , (currently 10,000 or so) signed up. Even with 10,000 customers and hundreds of employees the total revenue is 20 million dollars. A great company, fast launch, great product but still only 20 million in revenue in comparison to some estimates here of 200 million for ORTC.
What do those ORT contracts signed say? Basically they say hey yes, we like your program for collecting and remitting payments from policies. We will allow you to sell our products and collect the premiums, which is why big companies like AfLAC signed a while ago. That is why there are no material revenues yet because it depends on the groups , the sign ups etc. I believe some of your are just multiplying the companies in the contract total customers by some revenue per month number and coming up with numbers that are not realistic.
Now, I am not totally negative on TDEY, but whenever people have unrealistic expectations others get burned and that hurts the stock. If EV is really out of this and Kent cleans up the outstanding stock as he says he is doing , even a modest , small income company in a cleaned up shell can move forward to higher levels.
But you have to be somewhat realistic because when those rosy revenue dreams do not come true, people will be disappointed.
A recent post by someone talking about why AFLAC has not contributed money or revenues yet (if you click on the post highlighted by that poster) is somewhat true. That is because AFLAC is not paying ORTC for all its customers all over the US and world, it is paying for customer that use ORTs platform (Kent has a good in with a 68,000 member group for example) . In order to collect monies in relation to insurance there are licenses and things that need to be done (that is true) and each state that may vary, but this does not mean all of the companies contracts lead to every customer of AFLAC paying ORT.
Hope this is clear. At least this is my take and that of people I have talked to in this field.
AI
