Limitless Venture Group Inc. (LVGI)

[Penny2Paper]

PPS was @ .90 because of the last R/S. Please don't get me wrong. I'm not knocking LVGI, just trying some DD before taking a position. In December's PR, LVGI announced that an R/S is still a possibility.

http://ih.advfn.com/p.php?pid=nmona&article=60339678

Limitless Venture Group Inc. Announces a SpecialWebsite to Gauge Interest in a Potential Share Buyback Offer From the Company or Reverse Split
Company Seeking Feedback From Shareholders Before Implementing Any Corporate Actions and Going for Regulatory Approval
HOLBROOK, NY--(Marketwired - Dec 10, 2013) - Limitless Venture Group Inc's. (OTC Pink: LVGI) in response to shareholder requests about the dilutive events taking place, because of the conversion of senior note holders debt to equity, is considering offering a share buyback. The buyback will be set up not as a cash buyback, but an offer to buy back all shares with an interest bearing note, at .003 (3/10 of a penny) per share plus interest. Shareholders who take advantage will receive a 12 month note for the full amount of their holdings plus 10% (ten percent) interest. Another possible option would be to enact a reverse split. LVGI has received many inquiries about whether or not the company was planning a reverse split and would like the opinion of all shareholders on the above corporate actions, before we further consider taking any actions," said CEO Peter Scalise.
LVGI believes either or both corporate actions should afford LVGI access to better capital sources thereby allowing it to move forward with the distribution and marketing of their SLAM, Limitless Body and Limitless Health product lines. LVGI also believes once the above product lines are in full production and readily available, it will be able to retire all the buyback notes when they mature, should that be the direction taken.
Either or both plans of action need to be fully vetted and approved by FINRA and other regulatory bodies. Our first step however in deciding whether or not to take the necessary steps is to gauge our shareholder enthusiasm.