Limitless Venture Group Inc (LVGI)

[Airdawg Investments]

Reply to Spice Man

Just looking for a little clarification on GEAR & LVGI.
Rusty posted yesterday that shareholders received shares of
GEAR and this will become publically traded in 18 months. As far as today GEAR & LVGI are still one of the same, correct?

On October 29, 2013 a PR announced that GEAR was being spun-off from LVGI. The shareholders of LVGI on Novemember 4th would receive a dividend for the spinoff. For every 300 shares owned of LVGI, you would receive 1 GEAR share.

http://finance.yahoo.com/news/limitless-venture-group-announces-spinoff-110000255.html

On November 1st the company put out a letter to the shareholders that contained more details about the GEAR spinoff. This gave investors reinsurance that GEAR was ready to be spun-off and that now it is going to focus on getting SLAM ready for launch again. LVGI would not retain any ownership of GEAR after the spin-off. LVGI will have a contract to design, promote, and market for GEAR. Limitless and GEAR will continue to work together for many years to come!

http://www.otcmarkets.com/financialReportViewer?symbol=LVGI&id=112643


Here is a question I asked Peter Scalise III in an email in November 2013.

You mentioned LVGI will still be marketing, designing, and promoting for GEAR. Will GEAR be paying LVGI for these services? If so, for how long?

Yes, yearly contracts