LIMITLESS VENTURE GROUP, INC. SIGNS ANOTHER MOU WITH ITS' SENIOR SECURED NOTE HOLDER TO SUSPEND DEBT CONVERSIONS UNTIL SEPTEMBER 17TH Press Release | 08/23/2023 TULSA, OK / August 23, 2023 /Limitless Venture Group, Inc. (OTC PINK:LVGI) ("LVGI" or the "Company"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth announced today that it has signed an MOU (Memorandum of Understanding) with its Senior Secured Note Holder dated August 18, 2023, to not execute any conversions of the balance due for 30 days thereafter.
Joseph Francella, CEO, states LVGI has a great financial partnership with our Senior Secured Note Holder. They have been willing to make accommodations to the letter of the note to limit the amount of conversions and number of shares of conversion from time to time and this is another one of those accommodations. We look forward to continued success together. Mr. Francella further states during these 30 days we are going to review our business model with them and determine if there is a better, more profitable one to be operating under together to create added value for our shareholders.
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