LIG Assets, Inc. (PINK:LIGA) – Soars After Financial Report
It has been awhile since we last turned our attention towards LIG Assets, Inc. (PINK:LIGA). They have recuperated and found their stride once again after the last pump campaign in January. The past couple of session saw a 57% growth followed by another 67%. Currently they sit at $0.022.
The company has gone through some restructuring. They agreed to sell their remaining assets in SuiteMagic, Inc., a company that owns patent-pending software for internet-based television and cable programming, and focus on their core real estate business. On March 19 an agreement was made with OM SHRI JJB, LLC to acquire properties in Texas for hotels. We will be awaiting the promised “further updates in the near future” to see if this agreement will amount to something.
One may think that the recent press releases filled with some solid pieces of news are behind LIGA‘s resurgence but the real reason lies somewhere else. The company filed their annual report for 2012 and it really got investors excited:
- $307 thousand current cash
- $28 million total assets
- $28 million total liabilities and equity
- $900 thousand net income
These are some respectable numbers having in mind that LIGA is a pinksheet company. A big sign for future investors will be if the company takes the necessary steps to become a fully-registered SEC filer.
It is always nice to see a company learn their lesson and avoid any future association with paid pumpers. The aftermath of LIGA‘s last promotion by StockRunway and Wall Street Buzz left the ticker in a state of freefall for more than two months. 
LIGA seem to have a real business and concrete plans for future development which puts them ahead of the majority of pennystock companies. Just be sure to remember that despite the stable financials and lack of a paid promotion nothing can substitute doing your own research before investing.
