Limitless Venture Group Inc. (OTCMKTS:LVGI) Rises on Promised Product Line

The new product line of Limitless Venture Group Inc. (OTCMKTS:LVGI) is the reason for the recent spike in volumes, but unfortunately a sinking price. The new activity heralds also a new ticker, as until a few months ago LVGI was traded as EnerBrite Technologies Group, Inc. The company’s mission now is to create and market complete product lines in the food supplement industry.

The announcement for the launch of the Shock Series supplement brand coincided with the stock sliding down more than 23% to $0.099. So far, the company is quite mysterious, with outdated financial data, so the new product line holds nothing but promise. Data from the summer of last year show:

• Zero cash

• $12,000 total assets

• $87,000 total current liabilities

• Zero revenues

• $1,000 net loss

It is unknown how the subsidiary companies are doing, but the entity, represented on the OTC markets, has very few resources. The impact of the food supplement line won’t be recognized for a while on the financial statements.

But the main reason behind the rise of LVGI is a promotional email from June 24th, coinciding with the press release. Penny Stock Players received $35,000, a significant compensation, to tout the strength of LVGI. So far, with a relatively low price, this ticker is making sharp intra-day movements, ending with net losses at the close of trade. This means a fast proposal for fast investors, and a movement whenever a promotional email lands.

The email also promises future growth, as LVGI builds a “support base”- or rather, enough interested investors to increase trading volumes. The total budget for promotions is $84,500 this month, for 22 emails counted so far. The effect is a marked rise in volumes, a not unusual thing for a newly active ticker.

The question for LGVI now is whether it will crash quickly below a penny, or if it would attempt a higher price on a bull run. A look at the previous selections of the paid pumpers may indicate where the ticker is going. It was Penny Stock Players that helped bring Prince Mexico SA (OTCMKTS:LUVE) to greater activity, only to have the ticker crash to significantly lower levels. The other ticker active between 1 and 10 cents is Elite Pharmaceuticals, Inc. (OTCBB:ELTP), a more solid selection with a true bull run in the same price range.

So far, LVGI is a cat in a bag and its movements are an immediate reaction to the emails, so it is best to stay away unless you can also afford the corrections. Do your own research and estimate your time horizon before taking up any penny stock.