TITL float 28M trading at only 02.
Will be .10 very soon.
Transfer agent - Ungagged
Outstanding Shares - 115,802,300
Float - 28,415,000
Market cap - $1,968,639 as of Aug 13, 2010 (Company has 20 offices easily valued more than market cap)
Possible merger in works - "The Company is currently in the process of seeking out an operating Property and Casualty Insurance Agency (PCIA) to bring under the Title Consulting holding umbrella. "
Financial statements due any day.
Posted by: sweet crude
Also on merger watch...
- company said currently seeking out cashflow positive property and casuality insurance acquisition
- retires 400 mill shares to 115 mill OS
- float all but locked up with investors
- low rates developing high turnover in houses, and profits for TITL
* The Company transfer agent is un-gagged for full public transparency.
Merger and Acquisitions
The Company is currently in the process of seeking out an operating Property and Casualty Insurance Agency (PCIA) to bring under the Title Consulting holding umbrella. The acquisition of an operating and cash-flow positive PCIA will help diversify the Title Consulting portfolio, and provide the company the ability to present current title insurance clients with alternatives to their existing homeowners insurance.
An acquisition of a new insurance provider could push the company into the profitability range, while providing cash-flow for operations. News of first insurance acquisition is pending, and expected shortly
National Expansion
In addition to expanding their market reach and product offerings in the State of Florida, the company also anticipates expansion nationally through acquisition of property, title, and causality insurance targets. This will allow the company to expand their market breath, and begin marketing the company as a national insurance provider.
Operations
For the three months ending April 2010, the Company reported total revenues of $364,204, with a gross profit of $231,527. After operational expenses, the company reported a net loss of just ($114), compared to a loss of ($30,683) for the same period 2009. At the end of this period the Company reported total assets of around $1.4 million.
The Company is expected to file financials for the three-months ending July 2010 in the very near-future, which could bring the company 'current' with OTC markets.
Valuation
Based on the new share structure of 115 million, and an every increasing tight float, TITL could see a near-term run up to the $0.04 to $0.05 range, and possible move to $0.10 on 'float lock-up' scramble. A share price of $0.10 a share would equate to a $11 million market cap. Watch for a move above $0.025, and increased volume, as a possible break-out alert for the coming trading week.
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