Luminart Corp. (fka LUMP)

[mark1234]

Q2 2014 shows a clear turnaround happening!
https://www.facebook.com/LuminartCorporation

Looking at the past 3 quarters shows turnaround in progress.

Q2 2014
Sales = $714,142
Cost of Sales = $502,172
Gross Profit = $206,970
Operating Expense = $1,068,374
Cash = $71,600
Current Assets = $4,041,109

Q1 2014
Sales = $478,997
Cost of Sales = $445,694
Gross Profit = $34,304
Operating Expense = $854,864
Cash = $19,321
Current Assets = $2,935,319

Q4 2013
Sales = $784,034
Cost of Sales = $2,172,171
Gross Profit = (1,388,134)
Operating Expense = $2,163,735
Cash = $10,645
Current Assets = $3,418,123

LIKE the reduction in Cost of Sales.
Over the past 9 months over $1 million in quarterly Operating Expenses have been cut.

LIKE the increase in Gross Profits.
Gross profit has increased from a negative ($1,388,134) to a positive $206,970
a difference of over $1.5 million in the right direction, sweet!

LIKE the increase in Cash.

LIKE the increase in Current Assets!

LIKE the new COO
Jerry Morrell is brings in tons of operational experience and industry connections.

LIKE the no nonsense attitude.
No fluffy press releases, just nose to the grind stone hard working and reporting.

DO NOT LIKE the name.
The name Luminart clearly no longer represent the business,
perhaps changing to Outwest Gas and Oil Field Services.
Its like a man named “Sue”.

The stock price is undervalued,
cheap for better word.