Ann: Year-End Legacy Liability Reduction Sprint, page-90

Happy New Year everyone. 2020 here we come. I expect we will see some cracking December figures pretty soon. We already had telegraphed to us that with ten days to go in the month, revenue was already nearly $1.7M - and averaging over $100K per day for the last 10 days should see us close to $2.8M i hope for December. That would put us in excess of $18M revenue for the year and sets us up for an exciting 2020. The team will be coming back from holidays and are deep in audit so no surprises the revenue results may be a day or two late. Hopefully in the next day or so.

Notice that there was a rush of 3B settlements at the end of the month. I am almost certain this will be with a view to showing as clean a balance sheet as possible on the audit to Dec 31 numbers. There is absolutely no urgency any more to settle the last little bit of legacy debt. The audit will show that the old legacy debt is at a very low percentage of current assets and liability and quite normal for a business of this kind. With net current assets positive, i believe the company will have demonstrated that it has finally turned the business around. So hopefully the end of the 3Bs.

Unlike some others i don't expect revenue to fall off a cliff in January and Q1. Finishing the year on a possible $2.8M month, we could very well find ourselves with revenues around $5M for Q1 and borderline profitable quarter. And of course if we have a Q1 like that it would set 2020 up to have a phenomenal year of clear profitability. Profit that will be reinvested in to future growth. I put 2019 as the turnaround year for the company and 2020 as the year when we learn just how big a cash generating machine this can be. I think it will be very rewarding for LT investors.