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Limitless Venture Group Inc. Addresses Shareholder Concerns Regarding Recent Common Stock Trading
Limitless Venture Group Inc. Addresses Shareholder Concerns Regarding Recent Common Stock Trading.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"\n \n \n Limitless Venture Group Inc. Addresses Shareholder Concerns Regarding Recent Common Stock Trading\n \n \nLimitless Venture Group Inc. Addresses Shareholder Concerns Regarding Recent Common Stock Trading\n\nAnnounces Shareholder Conference Call\n\n \n HOLBROOK, NY--(Marketwired - Sep 16, 2013) - ?Limitless Venture Group Inc's (OTC Pink: LVGI) senior management has released a statement regarding the recent activity in its company stock, while dismayed at the downward pressure in the stock there is no fundamental or corporate event that has taken place to lend credence to the price action and volatility, we have been made aware of certain private transactions with a senior note holder of our company which resulted in the conversion into certain common shares of company stock, we have consulted with our attorney and the note holder and deem the transaction in full compliance with securities rules and regulations. We can only assume these shares were sold into the open market without regard. The current market capitalization of the company is less than a million and a half dollars. The company is reviewing all options to stabilize the market of its company shares and instill confidence in our shareholder base.\n Peter Scalise, Company Chairman and CEO stated, \"We are building a strong company and an outstanding brand line with our G.E.A.R Sports Nutraceutical subsidiary being the first of many,\" said Scalise.?\"While very frustrating, we obviously have no control over market activity and any of the forces behind it. We want to assure our loyal shareholders that Limitless Venture Group is committed to shareholder value and to that end we are announcing a Shareholder Conference Call on Oct. 31st following our participation at the world-famous Joe Weider's Olympic Fitness and Performance Expo in Las Vegas September 27-28. This is the body building and fitness world's major event attracting more than 50 thousand people.?This will be our coming out party for the entire world to see what LVGI and G.E.A.R are all about.\"\n Limitless Venture Group management has an open door policy for shareholder visits at its headquarters in Holbrook, New York to see operations, meet staff and view its product line. Scalise stated specifically \"We invite anyone to come to our facility to see how we are creating a company that will take our spe...