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Basic math is hard I guess!
Whatever happened to the Metaverse company? Not a peep about them now and we are onto the next big thing a pot farm. As for the financials, I'm not in a rush to see them. We know the company isn't doing great.
They are completely incompetent! They had Reg A shares approval and set the price at .05 then do a massive RS. They then begin diluting heavily without anything to support the share price. Do a toxic debt deal and now have straight screwed us as well as their ability to secure a reasonable means to generate cash even at .02. What complete dumb@!@$##@%$
I have no idea as I didn't even listen to it. I was just going off of 2k traded and the ask was dropped and even then no one bought it. Usually there is at the very least a small flurry of activity after these types of things, but with this virtually no interest at all so either the company said things that didn't move investors to purchase or no one even tuned in. Regardless it was a complete flop.
You see it happen every day. They just keep diluting, then do a RS and keep diluting more. Like I said we got screwed, but the company will go on after cleaning out shareholders. Then new shareholders will come in and the cycle continues. The practice shouldn't be allowed, but unfortunately is a strategy often used by companies with little to no revenue. On another note that interview yesterday must have really generated excitement for the five people that tuned in. Traded a whopping 2k shares so far today.
The company is doing fine, the stock isn't. They sacrificed us for the betterment of the company. First the RS and now the dilution, shareholders got screwed, but the company will survive. Thank your CEO for losing your a$$
Great idea, but the company phone, email, and website are no longer operational and he doesn't answer his phone. No more fake pitches to sell apparently.
To be clear I don't think they are running it into the ground, but Joe clearly doesn't care about shareholder value. Just look at the stock's performance under his watch over the years. It has been completely and totally decimated repeatedly.
Yes he's a man with great integrity isn't he!
Correct, he is a lying POS. There was never a plan to sell anything otherwise he would have done so. There's certainly a market for it, but always so close yet it never happened. Hmmm wonder why. What a great legacy for the scientist.
Looks impressive, but it's really not considering how far it's fallen. Get it to .05 then we can talk right and even then they would have a long way to go to get value back for this.
And the company doesn't know why or have any answers. They have completely destroyed shareholders.
Incredible how badly this has tanked. Where is Zeke to tell us how great the company is doing?
Does it really surprise you? Something is causing this drop, if they secure a new deal I don't even want to think of how much toxic debt shareholders will have then and there's no one to thank, but them. I remember awhile back they would plead with us to buy more. That was their plan to support the stock.
WHO IS SELLING AT THESE LEVELS??? Dumb and Dumber will tell you they don't know. Great job you incompetent fools!
I wonder who's selling at this price as no one I can think of has purchased shares at these pathetic levels. The sure has screwed this RS up!
This is truely pathetic garbage now. Hey Joe you are a horrible CEO, thanks for crushing shareholders! Check out their twitter today. What a clueless management team we have. They ask about buying land in Metaverse, but don't know how it works yet they want to purchase a Metaverse company? Do I have this correct? No wonder there are other companies under LVGI that are crap. What an idiot running this.
Plus with how bad the leaks are from the company you just know nothing is close to getting inked so no money, large debt and dilution, dropping interest along with the share price have all doomed investors. Tell me I'm wrong!
Just imagine when they will issue another 130m shares to cover their debt. That's almost 200m shares in the float against less than 2m in revenue. Can you say shareholders are #@@#$&*^? Management really has tanked this!
Thu, March 3, 2022, 8:00 AM·5 min read
In this article:
LVGI
+10.62%
TULSA, OK / ACCESSWIRE / March 3, 2022 / Limitless Venture Group, Inc. (OTC PINK:LVGI) ("LVGI" or the "Company"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth announced that effective March 1st LVGI and Leonite Capital LLC ("Leonite") have agreed on amended terms for LVGI's Senior Secured Convertible Promissory Note ("Note") issued to Leonite on August 13, 2020. The amendment places the Note in a six-month forbearance period, during which Leonite may convert outstanding Note principal into newly issued LVGI Common Stock at a fixed price of $0.01 per share. The Amendment sets the Note's interest rate for the forbearance period at the greater of 10% per annum or the U.S. Prime Rate (currently 3.25%) plus 6.75% and stops interest from accruing at a default rate of interest. The current outstanding Note principal is approximately $1.3 million, not including a $300,000 contingent forbearance fee that locks in the updated Note terms, but will be forgiven if the current outstanding balance is repaid within 18 months.
Commenting on the updated Note terms, Joseph Francella, LVGI CEO, stated "We are pleased to create a six-month period that we envision will enable our ongoing business growth to produce operating cash flows to service our Note principal and interest payment obligations. By agreeing to a fixed Note principal conversion price of $0.01 per share for the forbearance period, we strike a balance between enabling debt reduction through conversions without our issuing significantly more LVGI shares under previous Note terms." Regarding LVGI's relationship with Leonite, Francella said "Today is just more proof that LVGI and Leonite have agreed to work together for the benefit of LVGI and its shareholders, which demonstrates our commitment to work together and adapt to LVGI's needs as we grow and management our investment opportunities for a brighter future for all.
He's a disgusting person and a complete fraud. The type that lies right to your face knowing damage will be done.
Yes what a smart guy Joe must be. Do a massive RS then turn around and start diluting the stock and expect it not to plummet. Now his hands are tied and it's all his doing. He has straight up screwed us!
Amazing how bad shareholders have been absolutely devested and the company is 100% responsible for it. Joe doesn't care about us though. Where did everyone telling longs how great of an opportunity this was go?
Geez no volume at all today. Those twitter posts are really working well.
Doubtful that they have anything big in the works or they would be boasting about it like they have in the past. Heck they brag about things then never complete any of them. Huge volume today! Way to go LVGI.
So now the excuse is the finance guy is gone. First it was the accountant, who's next to blame the cleaning lady? The ineptitude goes on!