TULSA, OK / ACCESSWIRE / July 8, 2020 / Limitless Venture Group, Inc. (OTC PINK:LVGI) (OTC PINK:LVGID) today announces a stock consolidation plan to shore up liquidity, expedite its capital raising plan, meet existing financing obligations to our majority acquisition Rokin, close its second majority acquisition, KetoSports, and launch HempLink, its on-line hemp trading app.
The plan includes a 1-for-300 stock split which will see the company consolidate all of its outstanding common shares on the basis of one common share for every 300 common shares currently outstanding, rounding up fractional shares. That consolidation will be effective tomorrow, July 9, 2020 and will leave the company with 14,000,000 shares authorized and 12,916.667 shares issued and outstanding. Additionally, the company will start trading under the new symbol "LVGID" for the immediate 20 business days and then revert back to our original symbol "LVGI".
This is the first action necessary to create an environment where LVGI has the ability to raise capital using its already Qualified Reg A, in conjunction with the Broker Dealer and Investment Bank Craft Capital Management LLC., with which it already has a working relationship.