Third Bench Inc (THBD)

[Camdep]

NECA = Huge Potential

From February 14, 2017 Press Release:

Link to Press Release

“The Company is committed to returning to a fully reporting status and a higher OTC Tier.”
= Higher PPS

“At a One Hundred Twenty-Seven percent (127%) APR, having Two Hundred Fifty Thousand ($250,000) cut in loans is a huge deal.”

= potential of (1.27 * 250,000) = $317,500 and (.02(2% monthly charge for line of credit) * 12)*(250,000) = 60,000, Thus $317,500 - $60,000 = $257,500 interest revenue for the first year from this line of credit alone. A revenue that is about quarter of its current market value! That is Huge! With more people willing to take out title loans because of the confidence in the improving economy from Trump, a revenue close to this number is very likely.

“Investors can also look forward to more updates in the near term regarding important progress with our BestTitleDeal app.”

The app brings an opportunity of taking huge market share from their competing title loan companies. The app looks great, check it out in the Google app store here

Rocket Mortgage, the app based mortgage company has successfully,

“Through the first three quarters of 2016, Rocket Mortgage has funded more than $5 billion in loan volume.”

Title King has a huge potential to build a huge market share of title loans through its app, similar to what Rocket Mortgage did in mortgages.

Link to Rocket Mortgage Article *Check it out, there's more good stuff in it.

let me know your thoughts

- CAM
Just some research and my opinion.