Limitless Venture Group Inc (LVGI)

[inthesky]

I have many things I could say:

1. Management shares - If management believes in this company, they should be buying shares in the open market. If they expect shareholders to buy and are openly asking shareholders to buy the stock, then management should be willing to also buy the stock at open market price. Convertible debt is not the same as buying in the open market. The debt holder is more protected then current stockholders. It would be nice to at least see that management is risking it in open share purchases if they believe so much in this company. Instead Devon is off commenting on other stocks when he clearly doesn't own a single open market share.

2. Traditional debt - since rokin is doing so great, then I would assume that Traditional debt could soon be a key option. Currently, open market sales are not working because there is no investment base. No OTC investor wants to invest in a stock that is actively devaluing itself and knows the current base is thinned. Fix this, build current investor base and then slowly sell when necessary when more money is available. Not in huge chunks nor at huge discount. When price rises, management needs to renegotiate with the investment broker on sale price. In addition, when the dilution halts, management doesn't have any news to boost awareness. Complete flop.

3. Reporting - Management cannot be late with quarterly and annual reporting. Management should be actively overseeing subsidiary reporting. Build monthly reporting packages that have to be completed by set due dates. This will streamline the process at the end of each quarter.

4. Oversight - Management should be aware of subsidiary operations. I had watched an investor meeting with Devon a while back. Unfortunately Devon didn't know some key details about the subs. Legitimate questions were asked about operations and he was unaware. Completely unacceptable. This was a planned webinar and management didn't even know what their subs are up to. Shows professional incompetence.

5. Projections - also, management projections have been wrong almost every single time. That does not help. Market likes when the company outperforms not when management overstate projections that come in 50% lower without any good explanation.


So many other things to say. But a lot of operational issues that need to get cleaned up. Don't get me wrong. Got many shares in this. And have supported LVGI in the past but something has got to change otherwise i would not be opposed to ousting current management if others were on board.