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Replies to post #42131 on Third Bench Inc (THBD)
According to Pew Research over Two Million (2,000,000) individuals use Title loans annually. The Company believes it is positioning itself as the LendingTree or eSurance of Title Pawn. The Company has conservatively estimated that each lead generated through the Company’s app is worth One Hundred dollars ($100.00) at a minimum. If the Company is successful in capturing only Ten percent (10%) of the users it believes they can generate up to Twenty Million dollars ($20,000,000) in revenue annually.
Jeffrey Canouse, CEO of New America, commented, " While these numbers project a value that far exceeds the Company’s current market cap we believe they are very conservative. We know that title loan companies will offer up to $100.00 for any referral made to them. The information and quality of a referral or lead we will be able to provide will be of much higher value to a title lender. In addition, there are other service providers who will pay for that information as well. As we introduce the app and further develop its features we will be able to provide a more accurate valuation as well as demonstrate the same as reflected in anticipated revenues.”
Mr. Canouse continued, “I am fully committed to this Company and its success. I have personally retired over Sixty Three Million shares and have forgiven over Six Hundred Thousand Dollars in accrued salary. I truly believe that Title Pawn is an incredible business in and of itself, but our app takes the Company to a whole different level by allowing us to capture revenue without risk and participate in areas geographically where we are not currently.
The Company will attempt to provide as much information about the value proposition of its Fintech app as possible in future releases along with updates on the development and rollout of the technology for its investors to help them better understand the company’s strategy for growth and building shareholder value.
