You are welcome. I have read this morning’s post as I have done for the last six months. With that said, I want everyone to know that I am into LVGI to the tune of nearly 5 million shares at .0025 average. So if you think I am bashing the stock then you are very mistaken. Second, if you think I am pumping this stock then read the rest of this post and make up your own mind. Current information from OTC Market Place says LVGI:
Market Value1 $2,148,676 a/o Jul 23, 2014
Shares Outstanding 1,953,341,800 a/o Mar 31, 2014
Float Not Available
Authorized Shares 2,500,000,000 a/o Mar 31, 2014
Shareholders of Record 105 a/o Jun 04, 2013
LVGI is current on their filings with the OTC and listed on the “PINK SHEETS”. This information is located on the OTC Market place website for everyone to see. Now many things have been said on this Board good and bad about this stock. As we know speculation drives the “PENNY STOCK WORLD” so most of what I put forth now will be based on circumstantial evidence. Let’s take the decision to launch GEAR first instead of SLAM. With two products in the pipe line a company operating on a shoe string must make an economic decision on which to take to market first. LVGI chose GEAR. Now how did they fund this operation? By selling stock just like any other publicly traded company in operation. Once GEAR was up and going LVGI spun it off and rewarded the loyal LVGI shareholders with shares in GEAR. I have some rhetorical questions that need to be asked and according to this Board have been answered. First, why did LVGI spin GEAR off? Answers: That is LVGI’s business model; they wanted to use GEAR as an instrument to unseat the previous CEO; LVGI shareholders got GEAR stock; and LVGI would get royalties from GEAR sales. Now some cold hard facts. GEAR was taken to market by LVGI money; LVGI shareholders did get shares of GEAR; and GEAR is selling in stores and on line. But what is GEAR worth? Are the shares worth anything; can they be traded; is GEAR going to be IPOed; and is GEAR truly owned by the shareholders or owned by private individuals? Some questions to think about and need to be answered.
Next, let’s look at SLAM and the summer launch plans. First, SLAM was scheduled to be on the market by July the Fourth. I believe SLAM is a legitimate product and has good potential. However, Mango Bottling was the first bottler of record and they backed out for reasons that ranged from they did not have the capacity to bottle SLAM to people calling the company asking questions about SLAM and drove Mango out of the agreement. Any way you look at it Mango was not going to bottle SLAM, so incomes Panache Distillery. Now we have a label problem with the bottling change. The contract with Panache Distillery was signed and announced on May 22 and the label change would take 45 to 60 days to complete. So we were looking at early to mid-July at earliest to early August for the new label. But Mango would do the first run of SLAM under the old label to ensure that SLAM was on the shelves by July 4th. As the date for the SLAM launched approached we did not have any updates on the bottling process from LVGI except for some pdf’s of pricing sheets from a distributor. Then on June 26, I get the news from E*Trade that LVGI had been suspended by the DTC. Now, we need to ask a few questions about the SLAM launch. Why did we not receive a PR on the bottling process and distribution date other than the general date of July 4 from LVGI; and why did not get an update on the new label? As investors, we need to ask the CEO some hard questions about some things and expect some answers. First, what is his stake in GEAR? Second, do we still have a bottling agreement with Panache Distillery? Third, where are we at with the Label change? Fourth, what is the backup plan if the “CHILL” is not lifted for 3 to 6 months? Finally, how does LVGI pay the bills if it cannot sell stock?
I know some of you have asked these questions and some of you have ignored these questions. However that does not change the facts. The stock is “CHILLED” As stated earlier, I am long LVGI to the tune of almost 5 million shares however, I am a realist. This can go one of two ways. First, the “CHILL” is lifted and LVGI runs to .05 and I would for one be happy for all the longs and flippers that make money on the run. Or the “CHILL” is not lifted and the company goes bankrupt and we are left with nothing. If the second case becomes reality then we need to think about this. Was this planned by the LVGI insiders? Did they sell LVGI stock to fund GEAR with the hollow promise of stock and possible future gains. As I said, I hope this runs but the questions are legitimate, the answers need to be given, and the CEO needs to keep the shareholders updated and informed. Sorry I went so long.
