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Lotus Pharmaceuticals, Inc. Message Board

  • guildcrantz guildcrantz Dec 10, 2010 1:02 PM Flag

    Further Clarification of Land Sale

    I just received a response from Dr. Shen in regards to my questions about the land sale.

    Here is his response.

    "When we say transfer, i think we just mean we will give the ownership to other parties and get compensation. Regarding the value, given the strong growth in real estate in china for the past years, we believe the land should appreciate as well."

    Xing

    LTUS paid 32 million in 2008 and has added 8 million in improvements. It would be amazing (and not impossible) if LTUS could recoup anywhere close to it's market cap (60 million) in this deal.

    Best,

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