Limitless Venture Group Inc. (OTCMKTS:LVGI) Flies High
Seeing Limitless Venture Group Inc. (OTCMKTS:LVGI) surge double digits for three sessions in a row is certainly a surprise, especially in the state the company seems to be now.
Anyone who’s done due diligence on LVGI knows what we’re talking about. Pumpers have had a lot of good to say about the company in the past, and the fact that it got in on the marijuana rush and still hasn’t come out with a product is indicative of LVGI’s dubious nature. Its financial reports further confirm that notion, with results such as these:
- NO CASH as of Sept. 30
- Total Assets – $51 thousand
- Current liabilities – 1.9 million
- NO REVENUES for Q3 2014
- Net loss for 13 2014 – $111 thousand
Even a superficial glance at the company’s financials show some very obvious and telling red flags. LVGI had 1.9 billion shares issued and outstanding as of March 31, 2014. That number had grown all the way to 2.5 billion by the time September 30, 2014 came around.
Long story short? Many investors that are currently hyping about the company’s bright future may want to take a long and careful look at its latest financial report before jumping on the LVGI train.
There are a lot of reasons why LVGI stock is stuck deep in double zero land and is worth $0.0018 after two consecutive jumps of 44.44% and 38.46%, respectively. Let the buyer be ware.
