Lotus Pharmaceuticals Inc (LTUS)

[butchie64]

Fellow LTUSrs,
From their 2009 10K:
GROWTH STRATEGIES
Lotus East’s fiscal 2010 growth strategies include, but not limited to the following areas: . . . .
* Geographic and production expansion: Production expansion is a part of Lotus East’s long term plan to tailor to its demand from drugs development. Lotus East intends to start building the main body of the new facility in Inner Mongolia in 2010 subject to obtaining financing and self-generated capital. As part of the plan, a wholesale center would be established in Inner Mongolia to facilitate the growing market demand for pharmaceutical drugs in Inner Mongolia and which in turn, we would hope, would serve the neighboring five Northwestern provinces

Lotus East’s long-term growth strategies include: . . . .
• Expanding into Inner Mongolia in order to prepare for up-coming production of newly-approved drugs and reduce production cost and related taxes.

Why sell then? Will the new Beijing facility have the capacity for handling production of the upcoming newly-approved drugs?

keep it fun & enjoy each one
butch