Lotus Ventures Inc C.J

Lotus Ventures.

[Plainview]

The most recent financial disclosures are quite telling : 1) the streaming partner is no longer taking product from them. 2) this means in the past as much as 75% to 100% was sold to 1 buyer who now has stopped 3) revenues fell off a cliff and inventory ballooned. 4) no cash left 5) in the past the insiders passed the hat and loaned company funds but this trick of selling stock high and buying back in low has turned into lending at high rates 6) foreseeable risks have come home to bite hard 7) talks of adding term debt and expansion is reckless - no lender who sees this report will lend. 8) finding buyers for inventory guarantee a write- off , disguised for now 9) this is a dead duck. WHERE WAS THE BOARD. WHERE IS THE BOARD ?

[travdd]

According to the company, one of their wholesale buyers was purchased by another company and they stopped their purchase agreements. They had to find a new partner to sell the inventory to, which it sounds like they have. I suspect the surplus supply from the Q1s will be sold and show up on the Q2s, which should make for a much better quarter than their average. A small bump, but nothing to worry

[undervalue]

Auxly, not taking up product is a wrinkle that is not factored in. J will have to blow out inventory,  likely below cost, triggering significant losses. No sane lender will lend to this circumstance.  Board members loaning money at near usury rates for wc is not a plan. If management thought ahead, instead of paying themselves our earnings in "consulting"  rent, production