Bullboard - Stock Discussion Forum Lotus Ventures Inc C.J

Alternate Symbol(s): LTTSF

Cannabis

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

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Lotus Ventures Inc > Quiz time

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Post by undervalue on Dec 21, 2023 1:14pm

Quiz time

Hey Lotus bag holders guess what the main responsibility of the ceo and the board is?
Simple, share price.
How is Dale doing? 1.5 cents today.
The market cap is the same as variety store.

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Comment by Plainview on Dec 22, 2023 11:16am

Stock is 1 cent. Market cap of $800,000 is still over-valued with Dale at helm. No auditor. Ex Chairman litigating . CRA unpaid. Results truly are trash. No urgency to fix what's wrong. Take voting control by grabbing more than 25-30 % additional dilution with a stroke of an pen exchanging unpaid accrued wages & directors fees for voting control to entrench themselves. ...more

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Comment by undervalue on Dec 22, 2023 12:17pm

Can the Chair via his lawsuit force a receiver in by calling the debt?

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Comment by Plainview on Dec 23, 2023 11:39pm

It's complicated: a) insolvency is state of not being able to pay debts when due in normal course. Lotus is insolvent right now by any legal & accounting definition b) insolvency is either voluntary or involuntary c) under CCAA or BIA. d) if it's involuntary a judgement in favor of any creditors could be the trigger , to enforce collection, that a trustee is appointed to sell or ...more

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Lotus Ventures Inc