Replies to post #732 on Lotus Pharmaceuticals Inc (LTUS)

[guildcrantz]

I would also say that LTUS does not just tell us what we want to hear.

1) The balance sheet is ugly.
2) Revenue will be down this year because the Beijing facility is so far off schedule that they lost GMP manufacturing certification.
3) They have delayed the development of multiple drugs because the building is over budget.

The silver lining is that these problems are consistent with a bootstrapping growth company trying to build something significant from nothing.

Bradford, is your hyperbole just sour grapes or are you looking for an entry point?

Best,

[1level]

Very well written. I also feel very comfortable we are witnessing the real evolution of a bold company trying to execute giant moves with constrained cash flow. It may still be proven briliantly rewarding a year or two after they start their new and elevated operation from their new HQs.

[stills999]

Did not the article below prove (citing china daily) that the Geoinvesting's investigation into the land value was wrong ... the article shows that land was valued fairly by LTUS and incorrectly by GEO...

"The national average industrial land price was 721 yuan per square meter in the first quarter, down 1.08 percent from the fourth quarter of last year, and down 1.1 percent year on year, according to the ministry."

See below for complete details...


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58556041

[bradford86]

Hey,

I could be wrong, I wrote this without referencing my notes. All i can say is that I worked on LTUS for a week or so... and decided to close out of my position back when. I think you're right, i probably referenced the wrong land when i referenced $60-$90M in beijing.

feel free to write me off... i personally have written off all of my 'knowledge' about china related companies and operate on fumes of what i used to think was real.

so, i know nothing about china, with regards to discounting the cash flows of these microcaps, but my instinct is that there is a very smart business model for selling stock... and that might be the story with some of these companies.

cheat me once, shame on you. cheat me twice, shame on me. that kind of thing.

be careful, i haven't heard anything positive from anyone who has done what i would consider "DD" including myself. i just dont trust the sec filings...