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Lotus Pharmaceuticals, Inc. Message Board

otcdevil 6 posts  |  Last Activity: Apr 2, 2014 5:34 PM Member since: Jun 15, 2010
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  • Reply to

    Dillution for BGMD New Shares $1?

    by stockbanditoo7 Apr 2, 2014 4:55 PM
    otcdevil otcdevil Apr 2, 2014 5:34 PM Flag

    That's almost Always with new shares. For existing shareholders like us, it's positive.

    Sentiment: Buy

  • Reply to

    No size on the offering?????

    by littlebackstinkydog Apr 2, 2014 5:18 PM
    otcdevil otcdevil Apr 2, 2014 5:30 PM Flag

    Of course. There are enough institutional life science entities that are interested. Especially now they are commercializing their products.

    Sentiment: Buy

  • Reply to

    I will buy in the $1.80's not until then.

    by achtung_pussy_cat Apr 2, 2014 12:45 PM
    otcdevil otcdevil Apr 2, 2014 5:28 PM Flag

    Page 21/22 from 10-K.

    Sentiment: Buy

  • Reply to

    I will buy in the $1.80's not until then.

    by achtung_pussy_cat Apr 2, 2014 12:45 PM
    otcdevil otcdevil Apr 2, 2014 5:26 PM Flag

    They try to get the best of out of it, so they are not commiting themselves to say we are going to offer 5 million shares at $1.60. I think they have to pay down their debt to General Electric and look for some acquirer.
    Our term loan facility contains affirmative and negative covenants that impose significant restrictions on our business and financing activities. If we default on our obligations, whether due to events beyond our control or otherwise, the lenders would have a right to foreclose on substantially all of our assets. A default could materially and adversely affect our operating results and our financial condition.

    In February 2012, as amended in May 2013, we entered into a term loan facility with General Electric Capital Corporation and Comerica Bank, or the lenders. At December 31, 2103, we have an outstanding balance of $7.5 million under the term loan facility and we are required to repay the principal monthly through maturity in September 2015. As security for our obligations under the term loan facility, we granted the lenders a lien in substantially all of our assets, other than our intellectual property, for which we have provided a negative pledge to the lenders. The term loan facility contains several affirmative and negative covenants that impose significant restrictions on our business and operations. Among others, these covenants limit our ability to incur additional indebtedness; grant liens; merge or consolidate with another entity; dispose of our business or certain assets; change our business; make certain investments or declare dividends; engage in certain transactions with affiliates; encumber our intellectual property; or repurchase stock.

    Our failure to comply with these covenants may result in the declaration of an event of default that, if not cured or waived, could cause all amounts outstanding under the term loan facility to become due and payable immediately and could cause the lenders to for

    Sentiment: Buy

  • Reply to

    Todays Target $2.18

    by rrcrossing2007 Apr 2, 2014 10:20 AM
    otcdevil otcdevil Apr 2, 2014 4:59 PM Flag

    Personally I think it was clever from management to do the public offering around prices of $2. They had cash until Q3. If you read the comments of Dutch Trader on Seeking Alpha. The last contributor that wrote about the company. He sees it also as a big plus. Not that I believe all those folks writing there, but it makes sense. They can expand their sales force and their commercialization strategies, but maybe also repay some debts.

    Sentiment: Buy

  • otcdevil otcdevil Apr 1, 2014 2:55 PM Flag

    If you read the 10-K filing you see that their internal controls suck (page 47).

    Sentiment: Sell

LTUS
0.02480.0000(0.00%)Apr 15 10:20 AMEDT

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