Post by
GalAnonymous on Dec 20, 2021 9:53am
Great news!
In case you missed the recent NR, here are some highlights:
- Nevada assets sold for $5mln
"Luff has completed the previously announced sale of its Nevada assets for aggregate gross proceeds of US$5 million. Estimated expenses related to the sale will be US$20K. Concurrent to the closing of the sale the Company has fully repaid its $2 million secured loan and now has no third party debt outstanding."
- the implementation of subscription model
"Luff has recently implemented a subscription model which has shown some early signs of promise to generate meaningful reoccurring revenue for the Company."
-great Q3 results
"As recently disclosed in the third quarter financials, the Company recorded strong sales for the third quarter of $567,000 and $847,000 for the year to date and gross margins of 56%."
-books are looking good
"We now have very little outstanding debt, lean overhead costs and over $4 million in working capital to continue to build and expand the business."
My only problem with the company is the number of shares outstanding but I agree with you @Bond that once the market turns around Luff will get a proper appreciation and the SP will reflect it. Good luck! :)