Lotus Ventures Inc C.J

Cleanup needed in aisle 1.

[undervalue]

Ok, how did this co. end up with 3.750 m $ of inventory?
The last q sales were 459k and a loss of 103k.  Thats 8 quarters, or 2 years of inventory.
I assumed the facility had a nameplate capacity of a couple million grams.
They keep adding small debt amounts from the directors at just under 10% rates.
This co. has everything sitting in a storeroom.  With 14k cash.. 
They cannot make a payroll, Dale and Carl cost 40k a month.
They need to cease growing, raise some cash and try to pay their bills.
This co has a going concern issue. As soon as the directors call the notes, toast...





Inventory As at May 31, 2022, the Company’s inventory consisted of approximately 1,530,000 grams of dried cannabis awaiting release for sale (2021 – 528,000). The cost of inventory is recognized as a separate asset upon harvest and subsequently included in cost of sales when sold. For the period ended May 31, 2022, cost of sales recognized was representative of approximately 211,000 grams (2021 – 1,567,000).







On May 31, 2022, $25,000 was advanced to the Company from other directors. These promissory notes are repayable, in whole or in part, upon written notice provided by the lenders and bear interest at a rate of 9.95% compounded annually. On January 21, 2022, $90,000 was advanced to the Company from an unrelated party. The promissory note is repayable, in whole or in part, upon written notice provided by the lender and bears interest at a rate of 9.95% compounded annually. During the nine months ended May 31, 2022, an aggregate of $133,500 was advanced to the Company from directors, and a party related to a director. These promissory notes are repayable, in whole or in part, upon written notice provided by the lenders and bear interest at a rate of 9.95% compounded annually

[KCatthebat]

Is there an investor relations you have been speaking with?   

[undervalue]

Nope, just read the statements. The co. has a nice young guy. He however is not in charge.

[undervalue]

Let me just explain my position.  If not clear, I am steamed at management.  All my comments are aimed as sarcasm. I held shares thru the construction phase and I bought the idea of high quality control that the building afforded. I felt their genetics gave them a niche market opportunity.  I felt the deal with a national player in Auxly was a bonus. What I completely disagree with

[KCatthebat]

For cashing out in the teens meaning your are not invested anymore, but you continue to hate on the cannabis industry and this company. Looks like a personal situation. You say the ir is a nice young fellow but have you tried reaching out to him to ask these questions you are posting. If you were near home base why not contact company and see operation. 

[undervalue]

Oh, when people screw up with my investment's it is personal. There is zero point speaking with IR, what can they say. I do not have questions, I have my own comments. Management should be ashamed of this screw up. Instead, they take bonuses. All the wc is tied up in inventory. This is incongruent with their sales history for the last several quarters. For Dale, he manages a nice grow facility

[KCatthebat]

100% start selling is what needs to happen.