Limitless Venture Group Inc (LVGI)

[Airdawg Investments]

Information on Joseph Francella, new LVGI CEO

Probably one of these two Francella’s is the new CEO of Limitless. In the Press Release today Peter Scalise sounds pretty confident that Francella is the man for the job. He states that he has over 20 years experience dealing with development stage companies. Joe will take over on Jan. 15, 2014. It sounds like him and Peter have a plan to “revamp the corporate structure and increase shareholder value and confidence…”

http://ih.advfn.com/p.php?pid=nmona&article=60382003&symbol=LVGI

Joseph Francella, Toronto, Canada

“CMA, Director, Financial Planning & Analysis, Supply Chain at Loblaw Companies Limited”

http://www.linkedin.com/profile/view?id=164647092&authType=NAME_SEARCH&authToken=iyY9&locale=en_US&srchid=2356076571386995194193&srchindex=3&srchtotal=7&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A2356076571386995194193%2CVSRPtargetId%3A164647092%2CVSRPcmpt%3Aprimary

Or

Joseph Francella, Tulsa, Oklahoma

“Executive Vice President and Secretary of Fibr-Plast Corporation. Mr. Francella serves as an Executive Vice-President of Dome Holding Corp. He serves as President of Sunnex. He serves as Vice President of Neodyne, a subsidiary of Dome. He serves as Chief Executive Officer and President of Fibr-Plast Corp. He serves as President of Fibr-Plast Corp.'s wholly owned operating company American Waste Management, Inc. Mr. Francella has 10 years experience in the field of consulting. Mr. Francella serves as a Director of Fibr-Plast Corporation and Dome Holding Corp”

http://investing.businessweek.com/research/stocks/private/person.asp?personId=4016451&privcapId=3560269

I kind of hope it is the Joe from Canada because Loblaw is a huge company in Canada. The Joe from Oklahoma has ran much smaller companies that don’t seem to be in business anymore. Someone please correct me if I am wrong. It is possible that neither of these Fancella’s are the new CEO, but from searching the web, this is my guess.

There are still some big PRs coming this month! It looks like Peter is trying to leave LVGI with a bang! I hope he can pull through and get this thing rolling before he hands over the company. If you read my sticky DD post, you will see that my PR prediction dates have been dead on so far!

“We are expecting that BIG PR any day now! Here is a list of PRs that Limitless is sitting on! Once one PR comes, expect the others to follow! Also included is my guess when we get these PR's

1) Share Structure: buyback or A/S decrease, NO R/S (Dec. 10)
2) New CEO (Dec.13)
3) SLAM production beginning. Prep for Q1 2014 launch (Dec 20)
4) GEAR contract details with LVGI (Dec. 20)
5) LVGI obtains 1-2 new brands (Dec. 31)”

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94780045

The Share Structure PR gave us a link to fill out a forum. Here shareholders can “vote” for a potential share buyback or a reverse split, or both. I voted yes on the share buyback and no on the R/S. I don’t see any positive benefits from a R/S. The buyback would give shareholders the opportunity to sell back shares to receive a 12 month note. This note will pay .0030 cents a share + 10% interest! That is a 1500% profit from the current share price at .0002! Most likely the share buyback will be approved and the R/S wont happen. If you’re a shareholder and haven’t filled out the form, go to this website before the 24th and vote!

http://lvgisharebuyback.com/

I sent Peter an email with some questions that I had about the buyback, I am still waiting for a response. My guess is that he cannot answer many of these questions yet...

“Could you summarize Joseph Francella's previous experience? Is he the VP and CEO of Fibr-Plast and American Waste Management. Or is he the Francella from Loblaw?

You said he takes over on Jan. 15, but is he currently involved with planning and business decisions in LVGI?

If the buyback is approved, what options will shareholders have? For example could we keep half of our shares and have the company buyback the other half?

Will the share buyback be selective? If it is selective, how will you decide which shareholders can participate in the buyback?

Would there be a cutoff of how many shares each shareholder can sell back?

Would there be a cutoff date or a cutoff price? For example, the company would only buyback shares bought before a certain date or bought above a certain price?

What happens if LVGI doesn't have the funds available to pay for the notes when they mature in 12 months?

How would this non cash share buyback help raise money for LVGI?”


When I receive a reply, I will do a follow up post. As many of you know my posting privileges have been restricted. The spammers and bashers on this board reported me for “personal attacks”…. I have to wait 14 days before I can post normally here again. Feel free to send me a private message if you have any questions or comments!