Prolonged Pump Destroys the Stock of Limitless Venture Group, Inc. (OTCMKTS:LVGI)
The latest promotional campaign for Limitless Venture Group, Inc. (OTCMKTS:LVGI) started on September 3 and obliterated the ticker’s value. At the end of last week the total percentile loss recorded in just 4 sessions came at 84%, which was bad news for people that had thoughts of going with LVGI for the long run.
The intraday chart shows that the session started with the expected dumping of stock that immediately pushed the price down. Even though there were several spikes in volume through the day the ticker continued to move in a seemingly straight line, price-wise, registering a low for the day of $0.0071.
LVGI closed the session with a loss of 63.33%, priced at $0.0077 per share. The total amount of shares that had switched hands in the end of the day was 25 times the ticker’s average with 25 million and helped generate a trade value of $243 thousand.
The presses are churning and the PR team is working with full force to aid the pump effort with positive news, but we reckon the results aren’t to their liking. It also seems that the management isn’t taking the filing of financial reports very seriously, because the latest report that we can see is for Q1 of this year. After all they are filing under the alternative reporting standard in the OTC Markets, so we can’t expect anything much in that direction.
LVGI‘s market cap comes at $1 million and we are sure that you are interested what exactly you will get for that amount of money. Well, guess what. Their latest report contains no financial data, so we go back and check out the numbers of prime interest from the Q4 report of 2012, the latest from which we can extract some digits.
- cash: $0
- total current assets: $11 thousand
- total current liabilities: $87 thousand
- revenues: $0
- net loss: $1 thousand
We can’t really tell how their Genetically Enhanced Anabolic Research, Inc. (G.E.A.R) sport nutraceuticals subsidiary managed to sign an advertising agreement with Muscular Development Magazine, but that’s another thing that we will most probably not get any info about, since the company isn’t obliged to file any information on the matter.
All in all they are a shady company with “sad” financials that are regularly undergoing the pump treatment. You can make up your mind from that, but if you have any thoughts of making a play with LVGI be sure to do a lot of due diligence and weigh out the risks.