Replies to post #11780 on 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

[rusty8350]

LVGI and GEAR

They are not one in the same any longer, per say, as GEAR is their own PRIVATE company at the time that we who got the shares of own a stake in. When they go public, our shares will be worth big $$$, but not until the IPO.

That being said, as I've mentioned multiple times, the success of GEAR DIRECTLY relates to the success of LVGI, as LVGI built GEAR from the ground up into the company that was spun off and exists today. SO, success in GEAR will 100% lead to a success in LVGI, as they are directly related. It will show investors that LVGI is successful in their business model of building brands into their own stand alone companies, and will let us know that future LVGI projects such as SLAM and Limitless body and health can potentially be expected to provide the same future returns to investors.

That being said, as AIRDOG has mentioned, GEAR is still currently providing revenue to LVGI through contracts for marketing and project design, and will continue to do this as they move forward.

That all being said, all LVGI investors should also be on the GEAR train. We WANT them to succeed! GO GEAR! GO LVGI!