Sundance Strategies, Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2018
November 15, 2019 at 12:17 pm
Share
Sundance Strategies, Inc. announced earnings results for the second quarter ended September 30, 2018. For the second quarter, the company announced operating loss was USD 201,319 compared to USD 402,783 a year ago. Net loss was USD 336,508 compared to USD 507,374 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, operating loss was USD 553,869 compared to USD 2.886 million a year ago. Net loss was USD 1.226 million compared to USD 25.291 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.57 a year ago.
Sundance Strategies, Inc. is a professional services provider engaged in acquiring life settlements. The Company provides professional services to specialty structured finance groups, bond issuers and life settlement aggregators. As a professional services provider, the Company applies various practices to advise on the selection of specific portfolios of life insurance policies to meet the needs of its clients. Its clients include bond issuers, bond investors, or other structured finance product issuers. It develops strategies and methodologies, which include the acquisition of life insurance portfolios, then use common structured finance techniques and analytics to structure bonds for issuances, including principal protected bonds. The Company provide current and ongoing resources for all analytics, as well as advisement support for the investment and non-investment grade ratings for the managed asset pool and the managed cash accounts.
SUNDANCE STRATEGIES, INC. 
