Limitless Venture Group Inc (OTCMKTS:LVGI) is a publicly listed company which helps its shareholders in getting exposure to small and medium sized business investment opportunities. Most of those businesses are such that often have the potential of generating rapid growth.
Last week, Limitless Venture Group was in the news after it announced that back on March 15, 2023, Limitless Venture Group and Leonite Capital LLC had reached an agreement with regard to the amended terms related to the company’s Senior Secured Convertible Promissory Note. The note in question had been issued to Leonite back on August 13, 2020. The Memorandum of Understanding, which had started on March 15, 2023, would run for 30 days.
During the 30-day period, Leonite is not going to affect any conversion on the balance due on the note under the rules of Alternative Conversion Price. The Chief Executive Officer of Limitless Venture Group, Joseph Francella, spoke about the development as well. He noted that he was pleased to have provided the company’s shareholders with considerable transparency with regard to its senior debt financing. He added that after having experienced some setbacks due to Amazon restructuring, the company’s e-commerce operations were back on track.
