Two months after its first round of paid pumps, Limitless Venture Group, Inc. (OTCMKTS:LVGI
, LVGI message board
) is being touted by pumpers
After closing down 13.73% at $0.044 per share yesterday, LVGI was trading around 70% below the price at the time of the previous pump round which took place in late June.
Tout emails started coming in, yesterday after the close. The highest compensation - $30 thousand was disclosed by Penny Pick Finders and Penny Stock Prophet. These newsletters were used in the previous pump effort too.
LVGI crashed after its previous promotion, then managed to recover to around 14 cents per share, but since late July it has been losing value. One potential reason for this poor market performance could be that the company has been making a lot of optimistic announcements, but hasn't followed through with anything solid on the business side.
Things haven't changed much, it would seem. Earlier today, LVGI issued a press release about the appointment of Pete Maletto as Director of Product Development for the company's G.E.A.R. Sports nutraceutical subsidiary.
More than two months ago the company claimed it had products ready to go to market, but so far there has been no word on revenues. LVGI being a Pink Sheet stock doesn't really help the situation. The latest report by the company was published in May, and the next one isn't due until the end of the month.
LVGI is up about 15% in early trading, but it may take something more significant than an appointment announcement to keep the current price level.