Sundance Strategies Inc (QB) (SUND) News

JUST IN: $SUND Sundance Strategies, Inc. Engages US Capital Global as Strategic Advisor and Placement Agent for up to $500 Million Investment Facility

Funding Provides Sundance with the Support to Acquire and Securitize Life Insurance Policies into investment grade Bonds, with attractive yields PROVO, UT, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Sundance Strategies, Inc. (OTC: SUND), an innovative company engaged in converti...

Read the whole news SUND - Sundance Strategies, Inc. Engages US Capital Global as Strategic Advisor and Placement Agent for up to $500 Million Investment Facility

7.50

06/10/13...Sundance Strategies, Inc. Agrees to Purchase $400 Million in Face-Value of Net Insurance Benefits,
http://ih.advfn.com/p.php?pid=nmona&article=57918456&symbol=SUND

PROVO, Utah, June 10, 2013 /PRNewswire/ -- Sundance Strategies Inc. (OTC BB: SUND) an innovative company engaged in acquiring life insurance settlements and related insurance contracts, policies and obligations, today announced that it has formalized an agreement to purchase $400 million in face value life insurance policies, to which it applies proprietary strategies to create a unique, secure and liquid asset.

The Company initially purchased $129 million face value of policies on March 18, 2013.
On June 6, 2013, Sundance Strategies placed funds in escrow for the purchase of its second phase by initiating the acquisition of approximately $400 million face value of policies. Using Sundance's proprietary strategies, these policies will provide Sundance with predictable future cash flows and liquidity.

As a result of the acquisition and structuring of this $400 million of Net Insurance Benefits, Sundance will have a portfolio totaling approximately $529 million in policy benefits at face value.

Randy Pearson, President of Sundance Strategies, commented, "We are quickly executing on our strategy to assemble a large portfolio of the highest-quality policies in the industry at favorable prices. These policies are structured using our unique and innovative strategy, which provides predictable cash flows to Sundance regardless of when the policies mature. Over the next 120 days, the Company expects that the policies, which are part of this $400 million transaction, will be processed to fit into the Company's proprietary structure. As a result, Sundance will receive the net insurance benefit, or NIB, without taking on the normal risk associated with the unknown maturity date of a policy, thereby providing predictable cash flows to the Company. It is our plan to consistently add significant amounts of face value to our portfolio, as we execute and prove our strategy."

Contacts:
Cameron Donahue, Hayden IR
(651) 653-1854
cameron@haydenir.com

SOURCE Sundance Strategies, Inc.

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5.40

Java Express, Inc., JVEX, changed to Sundance Strategies, Inc., SUND:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/16/2013&mkt_ctg=OTCBB

4.60

Moved up here /LtVOL,
3.50...3.25 X 3.75 last
http://ih.advfn.com/p.php?pid=historical&symbol=OTCBB%3AJVEX

03/29/13...Java Express Acquires ANEW LIFE, INC. /Sundance Strategies, Inc.
http://ih.advfn.com/p.php?pid=nmona&article=56965432&symbol=JVEX

Java Express, Inc. (OTC BB: JVEX) announces the acquisition of ANEW LIFE, INC., a Utah corporation.

ANEW LIFE, INC. was organized on January 31, 2013, and is engaged in the business of purchasing or otherwise acquiring or settling notes, drafts, acceptances, open accounts receivable and other obligations representing part or all of the sales price of insurance, life settlements and related insurance contracts, policies and obligations. The Company’s Board of Directors has adopted resolutions to change the Company’s name to “Sundance Strategies, Inc.” and will be doing business under the “Sundance Strategies, Inc.” until all required corporate action to change the name is completed.

Contact:
Randy Pearson, President
801-705-8968


...
SEC Filings,
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001171838&type=&dateb=&owner=include&count=40

noted...

On November 14, 2012, the Company and its Board of Directors increased the authorized common shares from 50,000,000 shares to 500,000,000 shares. Furthermore, the Company authorized a 1 for 3 reverse stock split of its issued and outstanding common shares. The effect of the reverse stock split decreased the number of issued and outstanding common shares from 11,280,140 common shares to 3,760,072 common shares. /Jonathan Craig Moffitt

...
Sundance Strategies /coming soon
www.sundancestrategies.com
(unconfirmed)

JVEX one for 3 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/26/2012&mkt_ctg=OTCBB

idk just found this will watch

Okay, I'll be the first. What has happened here; created in 2008 and no posts so far. I have been looking at coffee companies including JCOF which I hold, JAMN which I sold, and now this one which I need to learn a little more about.

Someone thought it was a good idea to have a Board for JVEX.