quarterly report

Not expecting a crash hot revenue stream in the most recent quarter based on what was indicated in the previous quarterly report
"Collections improved in the current quarter due to collection of customer sales as well as deposits for the coming quarter’s jobs.
The next quarter’s cashflow is expected to reflect the payment of various outgoings for the next round of orders."


I've just read back thru the previous quarterly and half yearly commentary and there are glimmers of hope. It appears they are picking up regular contracts however they do not announce them to the market as they are not large earners. Overheads of approx. $90k per month for LUM/Vertigo is pretty okay as well. It wont take a lot to make this company cash flow positive and with a current market cap. of $2mill, one would think that this is possibly still good buying. I think I would prefer this company to get some earnings and then look at acquisitions. They seriously can't buy anything decent for $500k and if they do a merger, LUM shareholders shares will be miniscule and not worth having (not that they are now anyway).

Would love it if they release their quarterly before market close today - would be a nice turnaround and show some confidence in themselves and a touch more professionalism.