Limitless Venture Group Inc (OTCMKTS:LVGI) On A Winning Streak

[[tagnumber 0]][[tagnumber 1]]The most recent performance of Limitless Venture Group Inc (OTCMKTS:LVGI) is quite impressive as the ticker has finished the last nine sessions in a row green. And although the daily gains were quite big we can’t say that we are particularly impressed.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That is because in the beginning of the month the ticker was trading almost at rock bottom with a price of $0.0003 per share. The company stock was escorted there by many things. [[tagnumber 6]]LVGI [[tagnumber 7]]has been promoted numerous times in the past, it has tried the medical marijuana card but has failed to produce any products and there aren’t even press releases concerning that, and it has terrible financial results.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $19 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $24 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.9 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $125 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are some pretty dreadful numbers even by OTC standards. But those are not the only problems with [[tagnumber 6]]LVGI[[tagnumber 7]]. Anyone who has followed the company knows about the massive dilution. The latest quarterly report lists the outstanding share count at 3,148,641,800 out of 3.5 billion authorized, which means that around 660 million newly printed shares have seen the light of day between June 30, 2014 and March 31, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we said earlier the company tried to generate some hype for its stock by announcing that it will be entering the legal cannabis industry. There is no talk in that direction for quite some time now and from the most recent press releases we understand that [[tagnumber 6]]LVGI [[tagnumber 7]]has moved into the alcoholic beverage industry.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Speaking of press releases [[tagnumber 6]]LVGI [[tagnumber 7]]isn’t too busy making announcements. We have actually seen only two PR’s since the beginning of the year and the latest was posted back on March 31. This leaves the most recent run which pushed the price to $0.0012 after a 33.33% gain yesterday with no obvious explanation.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all the red flags and the lack of obvious reason behind this run should keep investors on their toes. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]