Luminart Corp. (fka LUMP)

[retro]

http://www.prlog.org/12198031-luminart-corp-pinksheets-lump-announces-acquisition-of-the-woodrock-inc-and-atlas-inc-aggr.html

[retro]

Yes it was...didn't hold

[Rob_]

Updates include:

Q2 earnings - OTC LUMP

PR - Newswire LUMP

Also check Facebook – some pictures and further descriptions of their ongoing operations

Short summary of Q2 earnings:
- LUMP had a loss of $158,266 in Q2
- The loss was blamed on a very long winter that extended into mid-May (in fairness it was a long winter). This effectively shortened Q2 to only 1.5 months of aggregate sales.


Hank - why did you choose the alias "10 bagger"? Anything to do with Peter Lynch?

[10 bagger]

LUMP.. $0.6.. Any updates..?? Hank

[stutch5]

Hey Retro, drop me a line

[10 bagger]

LUMP.. $0.0898.. Nice paint job on 500 shares.. hank

[retro]

Nope, still here.

[10 bagger]

RETRO.. Where did you go.. Hopefully you sold because it looks like the rats are leaving the ship..hank

[10 bagger]

LUMP.. $0.07..

I guess the market is finally getting smart to thier phoney PR's.. Every time they put one out without any facts and figures down it goes.. I'd be a buyer in the $$0.04's because I'm sure there will be another P&D soon after that pecause the shareholders will get vocal again.. It's too bad because my other holding in the same area has tripled in the same time while those that owned this stock took thier LUMPS.. hank

[10 bagger]

What did they pay and what did they get..?? Another puff release w/o any facts or balance sheet indications.. Are these real operating companies or have they been dormant for years.. Still seems like only a dump truck and gravel business.. hank

[rlawson]

Luminart Corporation Announces Acquisition of Woodrock, Inc. and Atlas, Inc. Aggregate Mining Locations

http://www.newswiretoday.com/news/132879/Luminart-Corporation-Announces-Acquisition-of-Woodrock-Inc.-and-Atlas-Inc.-Aggregate-Mining-Locations/

[umicki]

I can't blame folks for getting bored and selling this stock. Not a peep out of them for a month on facebook, no PR, and no movement in the stock price. I might just pick up a couple 10,000 shares at .077 or lower if the selloff continues. I still believe in the company, even if they are borrrrrrrring!

[zramirez]

Someone who wants the value to be perceived as low, so when they get their paycheck on the 15th they can buy as much as possible for a more profitable cost (most likely because they expect significant gains in the following months as financials are released)

[umicki]

who sells 100 shares of at .084? it doesn't even cover the commission???

[geopressure]

LUMP's weekly chart looks great, a perfect elliot wave cycle just finished... time for the next to get started...

[umicki]

Follow Luminart on Facebook. The Facebook activity has been great for the volume. Coincidence? maybe, maybe not.

[stutch5]

Im in the front row watching!

[retro]

Are you watching this? Anyone? Very interesting....back to the popcorn

[retro]

Bid is building at .095 so ya never know. I'd love to see those 56k on the Ask at .12 erased before the end of today. Would like to open tomorrow with an Ask of .13

[stutch5]

Im looking forward to a colse at .12 today!!!

[retro]

I'm impressed how well we punched through that log jam at .10! Ask at .12. We should be able to eat through the 50k on the Ask

This volume is very nice the past few days

[stutch5]

Sure will be noce to break the .10 level. Volume has been picking up nicely--Go Lump!

[retro]

I feel like I need a bag of popcorn and a coke. Watching the action the past week has been more than interesting

[retro]

I see the company has a new facebook page and is on twitter.

https://www.facebook.com/LuminartIR

https://twitter.com/LuminartCorp

Looks like they're hiring an operations sup for outwest as well...nice

[retro]

Nice volume day today. Looks like we have a solid floor in place, time to move North

[umicki]

Who sells 100 shares at .0865 and then pays a $7 commission? They needed a dollar? What am I missing?

[umicki]

The bid is up to .09 again

[retro]

Not sure. But, the last couple of weeks I added 40K and had to keep moving up and joining the the bid. Didn't take long and they moved it on me again. I hope they get the shares they're after

[umicki]

What's the deal with the bid creeping up a thousandth of a penny at a time?

[Rob_]

Do you know of any companies worth investing in in that region? Maybe some aggregate companies.

[retro]

There's a shell oil boom going on in South Texas. Would make a nice leverage against the harsh winters in the Bakken.

http://oilshalegas.com/eaglefordshale.html

[retro]

2nd Annual Frac Sand Supply Logistic Conference coming up in San Antonio, TX

http://sandconference.com/wordpress4/

Maybe the LUMP boyz could take a trip to SA and rub shoulders with a few dudes

[retro]

A picture is worth a 1000 words. This is what I was trying to explain to you a few months ago

https://www.facebook.com/photo.php?fbid=390412504404976&set=a.191688270944068.38892.191669790945916&type=1&theater

[retro]

N.D. set for largest ever road construction season 4

N.D. set for largest ever road construction season.
June 02, 2013 10:51 pm • Associated Press

BISMARCK, N.D. - The North Dakota Department of Transportation is planning its largest road construction program in state history, prompted in part by the strain caused by increased traffic related to the oil boom.

The department’s 2013 construction program will feature 327 projects worth about $878 million.

The department said the oil boom has prompted a 22 percent increase in statewide traffic since 2010, with 53 percent of that increase in western North Dakota


Very encouraging IMO

[Rob_]

Looks like Cale construction is a general contractor (not sure exactly what that means) and might have been part of Monson corporation previously. Not real clear. If you search 2013 Q1, Cale construction comes up a few times.

[zramirez]

What is Cale construction? On the financial report, page 17, they indicate they own a general contracting company named Cale Construction.

[10 bagger]

I give up.. I've got QMDT and LVWD running.. hank

[Rob_]

I wouldn't say ENSV is well diversified. A bunch of water heating trucks is not well diversified no matter how many colors they are painted. Don't belittle aggregate. I could say the samething about selling hot water. Do they add coffee or chocolate to that hot water when they sell it? That would be a good way to diversify. I hear there is a real need for good hot chocolate and coffee in the O&G business.

Now that's funny.. Sell a company well diversifided in the O&G business for a company that makes it's money off of selling rocks with a few dump trucks and a couple of earth moving machines that has most of it's assets in a pile of rocks

Directly from the press release - "During the same period, Company operations continued to build inventory resulting in an increase of $2,050,000 asset growth at cost." I think you see what you want to see when it comes to LUMP. They clearly state at cost and mention nothing about carrying inventory at retail. You have to read these releases more carefully or at least with a less biased mindset. I am sorry you will miss the opportunity to invest early in Luminart.

. . . that pile was marked up to retal prices to make the balance sheet look good. Most companies fully audited would of carried inventory at cost.

[10 bagger]

Now that's funny.. Sell a company well diversifided in the O&G business for a company that makes it's money off of selling rocks with a few dump trucks and a couple of earth moving machines that has most of it's assets in a pile of rocks that they didn't sell the year before.. Further more that pile was marked up to retal prices to make the balance sheet look good.. Most companies fully audited would of carried inventory at cost.. Who but LUMP has ever carried inventory at retail....??? Find me another commodity company that marks up it's inventory or future sales are part of it's assets unles they are already paid for and if that were the case they would be carried as a lia. until delivered.. ..

Good time to sell ENSV and buy LUMP.

[Rob_]

Hank,

ENSV and LUMP are in two entirely different water services. ENSV is in heating water for fracking. LUMP is in disposal of water. Totally different. That said, LUMP's water business is not the key to their operation.

If you look at their business models, ENSV and LUMP are inversely affected by weather. ENSV thrives in the winter when water heating services are needed while LUMP will trive in the spring (no spring this year), summer, and fall when aggregate is in demand for road construction, etc. I think you will see ENSV's profits disappear this summer (Q3), while LUMP's profits will jump in Q2, Q3, Q4. Good time to sell ENSV and buy LUMP.

Retro has a good point about the PR. The company was trying to explain the loss incurred in Q1. LUMP has stock piled aggregate and expensed it already. Any sales of that stock piled aggregate will be profit on the next quarters statement.

You also have to understand aggregate. It is cheap to buy but expensive to transport. That limits competition to "local" competitors (no one orders aggregate from Texas for projects in North Dakota). That is the reason for their plan of mergers and acquisitions. They plan to have aggregate mines scattered throughout their operating area to cut down on transport costs and increase customer base.

I say it again - Q2 and even more so Q3 will tell a lot about how successful LUMP can be. I have a decent position and plan to hold for a while (hopefully years).

[retro]

Aggragate is used everywhere and transported by truck and rail. It's a commodity, so yes, prices can swing. Obviously competition can undercut the bid on projects, but if they're unable to maintain margins, they will go under or consolidate. I do suspect the aggregate companies in the Bakkan formation will continue to consolidate. Remember, aggragate is used to sustain infrustructure as well as develop new....the demand lessons, but doesn't go away. ND annouced a several billion dollar road development project recently they will drive demand to someone.

I believe there was a major aggregate producer/sales conference held recently in San Antonio. The shale formation in South TX is expected to dwarf the Bakken. Smart money is executing a strategy which includes expansion into the new shale exploration.

Water disposal is a losser for LUMP...I've been saying it for 12 months. The players are in place and it's too late. Once they begin reporting each division's cash flow, we'll know where their money is going and where it's not. I just can't see it, "water" being the future.

Also, I still believe Outwest Field Serviceswith the crane and heavy hauling...not to mention the MSA and network of operators...is going to be a big big part of the future. Don't forget, their MSA PR, who that is with and where their main operations are....Texas

Alot of assumptions and leaning way out front on my part, but that's what buying and holding a penny stock is about for me. I picked this one because it makes sense to me....scary thought, right?

As for ENSV, I think the stock price will settle around $1.10 - $1.20 so a 1 for 3 reverse split will get them where they need to be for the move to a different exchange along with some trading range for the typcial retrace that goes with a reverse. My only problem is, can they hold the line after the split long enough for the 13F types to include their stock in the energy sector portfolios. But for trading? Sheesh, I suck at trading anyway....lol

[10 bagger]

Still seems like an awful amount of assets tied up in rock.. What happens if some one comes along with cheaper rock or the trans. costs go up as they chase the direction of the oil fields moving further away from thier mining..

The real problem is the water service,, as ENSV is full tilt and reporting higher revenues in that division of box car numbers.. Watering services cost ENSV plenty last year because of the warm winter while it was a bonanza this year due to the frost and bad winter.. Infact the longer the bad winter the more profits are builtin the watering operation.. The same should of happened at LUMP if they as they reported bougt a watering operation..

I think because it sounded good at the time of the PR it was include becaue thay had a truck that could carry water to keep the dust down..IMO..

BTW I'm on the bid at ENSV as I think the sellers will not go below $1.00..The discount from $1.25 takes away any effect of the dilution.. hank

[retro]

The correct answer is, they were able to mine, just not sell because you can't lay road, build rail beds and platforms when the ground is frozen and buried in snow. That's the correct answer. I get what they were saying in the PR. Instead of spinning it as some evil accounting trickery, I choose to believe they were telling us, "hey, we're not sitting on our hands up here." I suspect all mines/pits have mountains of rock, sand, and gravel to start pushing...they'd be fools if they didn't.



Last time I checked, it's still a penny stock reporting on the pinks...roll the dice or don't......your call.

[10 bagger]

Luminart Corp. [LUMP] $0.09.. New accounting methods.. If you can't sell it ,, call it an asset.. Also this report shows how little the much rawraw about new units added really added to LUMP revenues.. Sorry guys but answerers are not in the PR release on how LUMP will make money.. If they didn't sell because of bad weather which caused the ground to freeze,, how did they mine the gravel..?? IMO the gravel was left over from last year.. Also what happened to thier watering servie.. others are going full tilt because heated water was needed to keep drilling thru the bad water.. hank

The decrease in gross revenues for the period is primarily attributable to the extended winter in North Dakota which hampered the company's ability to generate revenue from its traditional aggregate and infrastructure product and services.

Reports First Quarter Financial Results for Period Ending March 31, 2013

LUMINART Corporation (PINKSHEETS: LUMP), a premier provider of aggregate, heavy hauling, infrastructure development and oil well services reported unaudited financial results for the first quarter ended March 31, 2013. The complete first quarter report can be found at http://www.otcmarkets.com/stock/LUMP/filings. During the same period, Company operations continued to build inventory resulting in an increase of $2,050,000 asset growth at cost. The benefit of absorbing the cost of continued operations over the winter months are expected to be realized over the next 3 quarters.
For the first quarter 2013, the Company recognized revenues of $447,082 compared to $2,110,170 for the quarter ended March 31, 2012. The decrease in gross revenues for the period is primarily attributable to the extended winter in North Dakota which hampered the company's ability to generate revenue from its traditional aggregate and infrastructure product and services. The Company incurred a loss for the quarter ended March 31, 2013 of $1,105,280 and EBITDA of ($668,854) as compared to a net profit of $198,787 and EBITDA of $196,514 for the quarter ended March 31, 2012.
On March 31, 2013, the Company had working capital of $3,837,796 and stockholders' equity of $4,871,372 compared to a working capital of $416,512 and stockholders' equity of $2,115,364 on March 31, 2012. In addition, the Company reported $23,988 in cash, total assets of $14,119,171 and total liabilities of $9,247,799 compared to $87,713 in cash, total assets of $4,550,570 and total liabilities of $2,414,357 on March 31, 2012.
"The extended winter conditions had a major impact on the aggregate and infrastructure development industry as a whole across much of the Bakken oil formation. The extreme conditions directly impacted both revenue and EBITDA," said Burke Bentley, President of Luminart. "This winter has been challenging and our results disappointing; however, we believe our previously announced M&A activity has put us in excellent position to regain momentum, strengthen our balance sheet, and capitalize on continued growth and expansion of the Bakken aggregate, infrastructure and oil service sector."
About Luminart Corp. and Its Subsidiaries:
Luminart Corp.'s subsidiaries: B3 Well Services, White Star Sand & Gravel, Black & Blue Water, OutWest Field Services, Westby Rock & Gravel LLC, and Cale Construction are focused on the expansion of contract hauling materials for infrastructure development in North Dakota, mining and processing materials for road building, providing storage and hauling of pipe, supplying crane operations and qualified riggers, transporting of miscellaneous heavy equipment, well drilling and expansion of the base camps in the North Dakota operations, sales and marketing.
Led by a skilled and experienced management team, the timely entrance to this unique opportunity in the Bakken oil reserves has positioned the company to create more value for its shareholders and secure a strategic position for increased market share in the future.
Forward-Looking Statements
This press release may contain forward-looking statements, including, but not limited to, statements regarding Luminart Corp. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Luminart Corp.'s filings with the Pink Sheets, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Luminart Corp. undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
For more information contact:

Investor Relations

William A. Broad

Phone: [phone]

[Rob_]

That is too funny about VSTI - "Sell to who" There has been no volume as of late. I also own some shares of VSTI because I like their technology and think they have potential. I also have access to their earnings through a login to their site.

You have been consistent in your distrust of Reynolds going back to the time of the run to the 0.20s. That was before they were clear about the share structure. But now we know that each preferred share can be converted to 10 common shares. It is easy enough to calculate the total shares after conversion to be 158.7 million shares (40.8 million common + 11.8 million preferred). Even with all these shares, this gave a P/E of 13 when the company was trading at $0.07 before the last 2 quarters of earnings. Shares held by insiders at year end include Reynolds (3.2 M preferred and 1.9 M common), Bentley (4M preferred), and the CFO (1.6 M).

The next two quarters will be very telling.

[10 bagger]

That's a very easy answer to reply.. I was long 1.6 Million shares and the stock did not trade when they went black,, but they have made finanicals avil to sharehollders with a log in and access only to shareholders.. Sell to who..??

They continue to PR all other items of interest including all new contracts.. When I bought into VSPI I bought into the whole story.. At that time I made several very large purchases and you are correct knowing that as real market doesn't appear And they don't any longer make thier finanicals avil publicly I would of never bought it today.. I also know thru the info that is on line avil to shareholders I am very comfortable with the position.. At present I remain high bid and would be happy to purchase another Million at this level,, ..

As to ENSV I've been in for many Qtr. reports and prob. I know more about than any other ENSV investor.. I am in the process of buying 2500 shares+ a day and expect to be at a full positon in the next 6 weeks.. As to being transparent there is no better example.. The last time I loaded up was at the $0.50 level and I expect this time to be a much larger percentage move over the next 2 years.. I did sell out because of registration of shares purchased in a private purchase @ 0.45.. I feel those that wanted to sell have almost sold all they wanted to..

As to LUMP,, I am well aware and even spoke Reyonlds several times.. His statements that the perferred souldn't be counted as shares because he will sell the company all at once and because the float is so low I better get in before it explodes.. I bought in at $0.08 and $0.09 long before it went to $0.24 on the first pump.. LUMP has been under control of Reynolds for at least 20 years and has gone thru several name changes to the latest fad.. He is more concerned with promotion than facts and has not changed his colors a bit.. He controls with the perferred and hides the fact by never showing what fully diluted shares are and a breakdown of what the parts of the company consist of in earnings and revenues.. LUMP is a fluke that it even got this far because I'm sure that his presence and owerwhelming control thru the preferred allows no other imput that will do anything but solidify the stock price.. I could be completely wrong but inorder to make me a believer he has to at least let me know what are the parts of the increased revenues and fully diluted shares outstanding.... I could do the same with 5 dump trucks and one excuvator..

All was not lost thru LUMP.. As I searched the area for more Ideas I purchased a substanital position in BNCC bank.. Go to the BNCC board and look at my first posts if you have an interest.. GLTA.. hank

[Rob_]

You are probably right. They did post earnings on the internet for anyone and everyone to see.

[retro]

I choose to believe Luminart wasn't trying to slip the financials under the radar. Instead, this is what I "hope" happened: someone(s) got pissed off that the filing was late...especially given the lack of revenue numbers to collect...and jumped on the CFO and legal office to get the dam thing filed and they did...two days after filing the late notice. Once again they've forgotten to include the attorney letter so they'll be re-submitting the filing like they did the Annual. But that wasn't a factor...they wanted it filed ASAP, and it was...at least that's how it would have played out in my world.

You're 100% correct, there are people in management/ownership who have invested a lot into making this work; I doubt they will tolerate this sort of dysfunction much longer....at least I "hope."

[Rob_]

Hank,

Just a couple of thoughts about your posts last night and this morning.

First, you state that you have a rule that all companies you invest in must report publicly. Have you sold all of your VSTI since they stopped reportingly publicly? If not, then your rule must not be too hard and fast. I agree that LUMP tried to release Q1 earnings under the radar. However, LUMP does report earnings on the OTC with a link to earnings on their website. Investors should not be in a stock they don't follow close enough to catch earning when they are released. I am not a trader though and I can see how it would be upsetting for a trader to not have instant notification of all earnings releases immediately by press release.

Second, I don't think it is fair to call LUMP a P&D. There is little pumping and no dumping as far as I can tell. Five facebook pictures over the last year and several updates on their activities does not really constitute a pump. The company is trying to let stockholders know they are active and working. Just like every other company that has press releases for positive events. The share structure makes a P&D for this company very unlikely as well. Most the large share holders have preferred shares and there are a lot of insiders (look at the number of Vice Presidents) who are invested in the company. A little hard to structure a pump and dump to pay off 6 or more people. The officers are invested in this company and want to see it grow. None of the original officers took a salary during the first 6 months of operation. The CEO has given up his own shares to acquire businesses and pay debt. The CEO has built successful public companies at least twice before and all indications are that he is trying to do it again. They have brought Monson on board who is a great addition as well as others.

Third, the issuance of additional shares is not unusual in young companies and it appears the 8 million additional shares was used for the acquisition of Monson. They got Monson's $8 milllion in annual revenue for 8 million $0.10 shares. Not a bad purchase. I know several companies you follow have engaged in more questionable share increases (ENSV and CDOC which prints shares rather than paying interest on loans).

Fourth, the loss in Q1 was expected. I think they incurred costs from construction of the man camp which is supposed to be up and running now in Q2 (at least according to the 2012 year end disclosure). They also have significant seasonal fluctuations in their business as aggregate used for roads, etc is not in high demand in the winter. You can't force people to buy aggregate in the winter. Q2 and Q3 will be the quarters to watch.

Finally, I do agree with your disdain for the lack of detail in the financial statements. I also would like a detailed accounting of revenues and expenses by division. I also would like to know see an accounting of their equipment (number of trucks, etc), number of disposal wells (operational, being drilled, planned), and an update on the man camp (completed?, occupancy rate). Their most recent annual statement was a tiny step in the right direction, however, they are still not reporting by division and did not provide any concrete details. I think some of this has to do with covering weaknesses in some divisions and also is due in part to the increased complexity and expense this would add. I do expect this will improve over the next year as more of their divisions become profitable (man camps, water disposal). It takes time to assemble a long document that details all this information and is difficult for a small compan y who is trying to keep expenses low.

You obviously have been following LUMP superficially and have not done detailed research into the company. I would encourage you to take a closer look. However, if you are like me, then you need to protect your time. If a stock does not impress you on a quick review, it is hard to justify the time for a more detailed review. For me, the data points to a young company with a lot of potential that is worth the risk.

GLTA,
Rob

[retro]

I can't argue that point. In fact, I've agreed with that statement before. I do not like the way the CFO compiles and reports the data...not at all. I would prefer they spend the money used on press releases to pay for someone to compile and report detailed finanicals. After all, it's the financials that should tell the story. The press release is just an attention getter that drives inquiring minds to the financials....in my opinion.