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Bullboard - Stock Discussion Forum Lotus Ventures Inc C.J

Alternate Symbol(s):  LTTSF

Lotus Ventures Inc. is a Canada-based licensed cannabis producer and owner of the Lotus Cannabis Co. brand. The Company primarily cultivates cannabis flowers, which are sold in the wholesale, recreational, and medical markets across Canada. The Company owns and operates a 22,500 square foot indoor cannabis production facility in Armstrong, British Columbia and holds the licenses for cultivation... see more

CSE:J - Post Discussion

Lotus Ventures Inc > Shameless management.
View:
Post by undervalue on Jan 30, 2021 12:03pm

Shameless management.

The notes report that they may need to raise working cap to keep going.
The same q,  they bonus the "management" with over a half million for the q. Leaving a company with a 800k per q gross margin at a loss.
Virtually at same time they grant themselves a sweetheart private placement under market price, 5 million shares at 10 cents plus warrants. So, they pay themselves a half million, and buy 5 million shares, and they still have the nerve to report a wc shortage. 
This is our cash fellow shareholders. The dog keeps eating our report card.
We need to get organized,  send me a message to my message box here. It's time for our own wall street beats shareholder democracy.
Comment by Roddiggiti on Jan 30, 2021 1:23pm
Pretty sad that the $600k profit made between Q3-Q4 last year has been taken by "consulting fees" to management. Take a look on page 6 of the MD&A. I thought this was going to be the first weed stock to prove everyone wrong about the industry, but all this quarter did was reinforce it.  Page 6: Consulting fees increased by $548,926 as a result of the Company as a result of ...more  
Comment by colgen on Feb 01, 2021 11:52am
AGM coming up soon. If you're upset at choices make your voices known through your votes.
Comment by undervalue on Feb 01, 2021 9:00pm
These d**kheads have timed the agm to be so close to  this ridiculous disclosure,  I have yet to get my proxy from my broker.  Deadline is Feb 10. Dale, compensation 84 kin the proxy. More like over a quarter million prior to all the stock diluting bs. He runs a small business,  and not well, ridiculous compensation awards. He nails us with second mortgage rates on sweetheart ...more  
Comment by Stacks1234 on Feb 02, 2021 2:44pm
How do we get Dale out of there? This guy has cost all the shareholders so much money time and time again to line his own pockets. These financials realeased were a chance for him to make the right decision for the company and create SHAREHOLDER VALUE and once again he made the selfish decision to line his own pockets with OUR dough. GET HIM OUT ASAP.
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