Sundance Strategies, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2018
November 25, 2019 at 10:26 pm
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Sundance Strategies, Inc. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced operating loss was USD 291,690 compared to USD 281,275 a year ago. Net loss was USD 473,217 compared to USD 308,851 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, operating loss was USD 845,559 compared to USD 3.167 million a year ago. Net loss was USD 1.699 million compared to USD 25.600 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.58 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. 
