In case you were wondering, here are the facts concerning Lot78 Inc (OTCMKTS:LOTE):
LOTE some facts
- ~$1 billion market value as of 5/21/2013 close.
- $0.5 million in ANNUAL revenue (that’s right, something like 2000x revenue), DOWN from prior year.
- Lot78 Inc (OTCMKTS:LOTE) borrowed $40,000 (yes, that’s not a typo) from its founder just to stay in business.
- LOTE’s auditor expressed doubt on its chances of survival.
And there’s plenty more.
Now some of you might wonder, how is the stock up? Here’s a theory:
“box job” – promoters obtain hidden control of the entire supply of a public company’s securities creating a a secret monopoly. Control of the shell corporation and its stock is concealed by the use of nominee...


