Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
what's nice?
$LRGR Fortun Reports a 245% Surge in Business Advances Since June 2024
https://www.globenewswire.com/en/news-release/2024/08/27/2936256/0/en/Fortun-Reports-a-245-Surge-in-Business-Advances-Since-June-2024.html
MIAMI, FL, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTC MARKETS: LRGR), a leading fintech company specializing in capital and financial services for Hispanic-owned businesses across the United States, proudly announces exceptional growth in its Business Advance operations during July and August 2024.
This report provides a detailed quarter-to-quarter analysis of our financial performance, emphasizing notable achievements in asset growth and funding activities. As of August 23rd, 2024, Fortun Advance's total assets have grown to $1,209,237.39, including $457,864.56 in cash and $751,372.83 in accounts receivable. This growth reflects significant progress since the company's strategic acquisition by LRGR. For the period beginning July 1, 2024, ending September 30, 2024, we project total gross receivables to reach $1,651,953 with $1,108,693 in total advances. Additionally, fee income and commission revenue are expected to total $298,904 for the quarter.
In May 2024, LRGR transitioned into the finance sector through the acquisition of FortunCo and Fortun Advance. Despite the limited operational time under the new business model—only 20 days in June—Fortun quickly demonstrated its potential. By the close of the last quarter on June 30, 2024, LRGR reported $74,900 in business fundings, resulting in gross receivables of $111,601 and generated commission and fee income revenue of $21,104.
*July 2024 Performance:*
245% Growth:** Fortun Advance achieved a remarkable 245% increase in Business Advances compared to June 2024. In July, the company funded $258,700 resulting in adding an additional $385,463 in gross receivables for the month and generating $77,540 in commission and fee income revenue.
*August 2024 Performance:*
As of August 23, Fortun Advance has funded $271,000 for the month, leading to additional gross receivables of $403,790 and $70,824 in commission and fee income. With days to go to close out the month of August, the company remains on track to meet its projection of $350,000 in total funding for August, marking an additional 35% increase in Business Advances compared to July.
To support this growth, Fortun Advance has strategically expanded its team by adding 11 new team members in August, bringing the total number of staff dedicated to funding operations to 25. This investment in personnel is designed to enhance operational efficiency and support sustained growth.
*September 2024 Projections:*
With the newly expanded team fully operational, Fortun Advance projects funding an additional $500,000 in September. This is expected to generate additional gross receivables of $745,000 and approximately $130,000 in gross fee and commission-based revenue for the month.
*Key Highlights:*
*Doubled Staff:* The company doubled its staff dedicated to funding operations in August to support its rapid growth.
*Substantial Growth Month Over Month:* Fortun Advance continues to experience robust growth, with month-over-month increases in both funding and receivables, further solidifying its position in the market.
*Over 100 Transactions Closed:* As of August 23rd Fortun Advance has finalized 104 funded deals, marking a significant milestone and demonstrating strong market demand for its services.
*Over $1,000,000 Funded through Q3 2024* As of August 23rd, Fortun Advance has funded $604,600 since its inception in June 2024, with projections indicating that by the end of this quarter, the company will have provided $1,108,693 in total revenue-based funding to small businesses.
*Nationwide Geographic Reach:* Funding during July and August extended across key states, including Florida, Georgia, Texas, North Carolina, Pennsylvania, Nebraska, Delaware, and New Jersey. Notably, Florida accounted for 82.4% of the total funding, underscoring the company’s strong regional presence and the growth potential as it expands operations nationwide.
*Future Capital Deployment:* Fortun Advance has secured an additional $1 million funding commitment, which is scheduled for deployment beginning in September, significantly expanding the overall portfolio and further strengthening Fortun’s market position.
Change of control.
https://www.otcmarkets.com/otcapi/company/financial-report/406319/content
Nobody cares lol. Dead stock
News out.
Royale de Monte Carlo "The makers of "The World's Most Prestigious Vodka" is proud to announce a groundbreaking premium offering between the Hard Rock Hotel & Casino Punta Cana and Royale de Monte Carlo Vodka. Luminar Media Group Inc. headquartered in Miami, Florida, is the parent company of Royale de Monte Carlo Vodka.
https://www.otcmarkets.com/stock/LRGR/news/story?e&id=2717759
Anybody know what the float is here?
CHANGE OF CONTROL is what is going on .
---
This has nothing to do with that other ticker .
----
There is more to come here , Rico will be the CEO , all the DD you need is right here, look for the changes in the OTC Markets Profile and Delaware SOS will be updated.
---
$LRGR , start following Monte Carlo Vodka now , making big gains in US Market , already in State of Florida and next New York. Company is over 150 years old . Change of Control , under radar now.
https://otcmarkets.com/stock/LRGR/profile
see the PR release last week
https://otcmarkets.com/stock/LRGR/news/story?e&id=2432250
--
https://royaledemontecarlo.com/
--
Quote Tweet
RoyaledeMonteCarloVodka
@MonteCarloVodka
·
Jan 25
We are proud to announce that we went public. OTCMARKETS:LRGR
https://finance.yahoo.com/news/luminar-media-group-inc-acquires-140000696.html
Well somebody just dropped about a couple Hundred Thousand + shares. strange
This stock is about to fly
Same folks behind the ticker BLFE
Looks like BLFE is about to fly again as well, get in before the surge. Really good buy at 0.002 atm.
.20 is a big break
$LRGR, Finally an OTC symbol that has a REAL PRODUCT and in stores now . Here are the Founder and CEO Social Media/ LinkedIn Profile who is taken over . https://linkedin.com/in/tomy-d-boiangin-02372336/ Dear beloved clients, Friends and Shareholders,
We wish you a very Happy Thanksgiving surrounded by friends, family and loved ones. We are grateful to have you be part of our family!
Sincerely,
Robert Rico
Chief Executive Officer
Royale de Monte Carlo pic.twitter.com/teJaHU7pRR
https://otcmarkets.com/stock/LRGR/news/story?e&id=2432250
https://twitter.com/montecarlovodka
==========================
Quote Tweet
Mcap MediaWire
@mcapmediawire
·
3h
$LRGR @MonteCarloVodka Luminar Media Group, Inc. Acquires Royale De Monte Carlo Vodka http://bit.ly/3iWXWeU #OTC #OTCMarkets #StockMarket #McapMediaWire #PressRelease #Beverage #BeverageNews #BeverageIndustry #LRGR #Vodka
There we go, now people see it
Yeah. Not to shabby of a setup here
Been busy but saw this from the PR this morning that I liked
"Royale de Monte Carlo has added over one hundred new liquor stores in Miami in the last 90 days and will continue to aggressively increase its footprint in South Florida, New York City and the Tri-State area."
100+ stores in 90 days is pretty nice
Looks like a real company. Were you able to find anything else ont hem?
A healthy break in volume to let everything settle out before the next leg. Interested to see where the pps will be at in a month or two
Shocked this isn't over at least .2 by now
LRGR small floater- Luminar Media Group, Inc. Acquires Royale De Monte Carlo Vodka
https://finance.yahoo.com/news/luminar-media-group-inc-acquires-140000696.html
This is like an ENGA setup on 6 mil float down here and the company doesn't seem to be selling too much if at all. I think when people find it this can go over a $ easy.
Very nice. Hope any bag holders left here get a happy ending
Yep, just PRed news about a R/M with this alcohol company Monte Carlo. Over 160k followers on Social Media, seems pretty legit.
https://www.otcmarkets.com/stock/LRGR/news/story?e&id=2432250
https://www.facebook.com/MonteCarloVodka/
https://www.instagram.com/royaledemontecarlovodka/
Is there a new merger in the works? Someone started something here... just wish my funds were clear so I could jump on this train
$LRGR Planned Merger Between Luminar Media Group And Unified Global Co Inc. Is Terminated
Acquisition, Merger, Takeover Announcement | 07/11/2021
WILMINGTON, DE / ACCESSWIRE / July 9, 2021 / Luminar Media Group, Inc (OTC PINK:LRGR) ("Luminar") today announced the termination of the planned merger with Unified Global Inc of Denver, Colorado and Calgary, Alberta, Canada ("Unified") announced in February 2021.
"We are disappointed that an agreement was not possible, and I appreciate our team's efforts over the past 6 months. We will continue the development of our existing products and look for additional early-stage technologies to acquire and develop," stated Luminar CEO Chris Cook.
About Luminar: Luminar helps companies develop early-stage commercial by harnessing our team's entrepreneurial spirit, extensive knowledge and experience in the media, marketing and entertainment industries. We are focused on new tools to communicate with a broad audience that takes advantage of the emerging landscape in how users learn, work and consume media on a variety of digital devices. At Luminar, we embrace the challenge of the constantly evolving business landscape and our determined culture will identify profitable solutions that evolve with the changing business paradigm. The Company was started by entrepreneurs who can identify new tools to communicate with a target audience.
Safe Harbor Statement
This press release contains forward-looking information or statements. All statements that are or information which is not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are 'forward-looking information or statements'. Forward-looking information or statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'estimates', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. With respect to forward-looking information and statements contained herein, Management of Luminar has made numerous assumptions including, among other things, assumptions about general business and economic conditions. Such forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results, events, or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking information or statements. Readers are cautioned not to place undue reliance on such forward-looking information or statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking information or statements. Luminar assumes no obligation to update any forward-looking information or statements, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
For more information, contact:
LUMINAR MEDIA GROUP INC.
www.luminarinc.com
info@luminarinc.com
(347) 943-4835
Dang it this one turned into a dud. Terrible job from management.
They need to deliver something or this stock is staying a dud for a long time now.
LRGR
This can fly if company successfully merged with Unified Global.
LRGR
These small sells are hilarious.
Maybe company makes an announcement soon.
LRGR
Have you seen the news here? Been waiting on this one.
Company confirmed they are still in negotiations.
Hopefully they close it. Financials are great.
LRGR
LRGR Pink Current
https://www.otcmarkets.com/stock/LRGR/disclosure
Action behind the scenes. Still a sleeper.
LRGR
Who sold that small block at .093, had such good momentum going. Maybe company releases an update soon.
LRGR
Recent financials show discussions still ongoing on LOI.
Would be awesome to hear from company soon.
LRGR
Nice to see some action recently.
Unified Global hasn’t denied my questions of their involvement so could be a good sign I hope.
Would be great to hear from them soon.
LRGR
This one will need patience. Nice green inverted hammer.
LRGR
It’s amazing to me nobody is talking about this stock yet. A PR was released in early February and not one word.
Could be a giant or a dud.
Great ss , clean books and with the potential of a strong story it has the makings of a giant.
Hope the company releases an update soon.
Unusual action today.
LRGR
This one is going to get good soon.
LRGR
What’s moving this today? I don’t see news.
Followers
|
22
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
635
|
Created
|
04/29/15
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |