Lotus Bio-Technology Development Corp (OTCMKTS:LBTD)
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) is a unique biotechnology firm located in Cave Creek, AZ with a branch in the agricultural fields of China. On Friday, its shares exploded and ended the day at $0.19 – over 110% higher than they closed on Thursday. Volumes were over ten times their 30-day, daily average trading volume as over 130,000 shares traded.
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) organically cultivates plants and extracts material from them for use in the manufacture of every day consumer goods – such as soap. Lotus has recently leased several hundred acres of farmland in China for a period of 30 years.
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) will grow organic food, Camellia Oleifera, and traditional Chinese medicine (herbs) to maximize the farmland’s utilization. Camellia Oleifera is an important source of edible oil and its seeds are processed to yield tea oil, a common ingredient in Chinese medicine and cosmetics. Camellia seed oil reportedly also has weight-loss properties and a high level of anti-oxidants. There is a large demand for Camellia oil and the products that can be processed from it and the price of tea oil has increased from $5,000 per ton to $10,000 per ton in recent years.
In May, the company appointed a new Chief Executive Officer, Michael Palethorpe. Mr. Palethorpe has founded several successful companies since 1998, including one that became a global leader in XML technologies. Mr. Palethorpe also launched the world’s second largest mountain bike website, boasting over 20,000 unique daily users. Michael managed a sales team that produced over $1,000,000 in annual revenues for Metasoft Systems, Inc. He most recently spent 6 years running a private marketing Company, followed by a 3-year tenure as President and CEO of New Media Insight Group.
Adding to the Lotus Bio-Technology Development Corp (OTCMKTS:LBTD)’s interesting business profile, a quick review of the company’s financials shows that no revenues have been generated and assets are listed at just $5,000 while liabilities are over $60,000.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.