Limitless Venture Group Inc.'s (OTCPINK: LVGI) stock volume skyrocketed Apr. 1, with 292,012,825 shares changing hands, nearly three times more than its three-month average volume of 107,767,353 shares.
The company's sudden stock volume surge is directly tied to its Apr. 1 announcement it has developed and about to enter into production on a line of HEMP-based health products called The HempCore(TM) Health Series.
New Line of Hemp-Based Products
This will be a series of four products all based around the health benefits derived from the use of HEMP as the main ingredient. One product will be aimed as heart health and cholesterol reduction, one towards joint pain/arthritis relief, one for brain health/cognitive function and one for anxiety relief.
"As this release states we have been bombarded to look into the HEMP sector for uses in our Limitless Health line and we are very excited about what we've learned and even more excited about the line of products we are bringing to market," says Limitless CEO Joseph Francella.
On Apr. 1, LVGI's share price closed at 0.0074 cents, down 0.0016 cents, or 17.78% from its closing price of 0.009 cents the previous day.
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Team Nation Holdings Changes Name To Reflect True Nature of Its Business
In other news, Team Nation Holdings Corp. (OTCPINK: TEMN) stock volume also soared Apr. 1, with 173,906,694 shares changing hands, nearly five time more than its three-month average volume of 37,462,754 shares.
The surge in share volume comes on the heels of Houston-based alcoholic beverage company's Mar. 27 announcement it has officially changed its name with the state of Nevada to Top Shelf Brands Holdings Corp. in order to reflect the true business of the company.
The company has also received a new CUSIP number in preparation for a new trading symbol and up-listing in the near future. Management has also filed the paperwork required to reduce the authorized shares of the company from 5 billion to 2 billion thereby protecting current shareholder value by significantly reducing the ability to dilute shareholders. Alonzo Pierce, CEO of Top Shelf Brands Holdings Corp, commented, "These changes are essential for us to achieve the goals we set when embarking on the task of becoming a fully reporting public company and gaining access to the public capital markets."
On Apr. 1, TEMN's share price closed at 0.0072 cents, down 0.0015 cents, or 17.24% from its closing price of 0.0087 cents the previous day.
PositiveID Corp. Wins DoD Contract for Detection of Bio-Threats
Meanwhile, PositiveID Corp.'s (OTCQB: PSID) share volume was robust Apr.1, with 2,289,073 shares changing hands, significantly higher than its three-month daily average of 1,798,413 shares.
The uptick in share volume comes on the heels of news that the Delray Beach, Fla.-based bio-treat detection company has signed a contract with UTC Aerospace Systems' ISR & Space Systems unit to support a contract for the U.S. Department of Defense. This contract is expected to be performed over the next seven months, between March and September, 2014.
According to the company, this contract will support the DoD Joint United States Forces Korea Portal and Integrated Threat Recognition ("JUPITR") Program, which is intended to detect biological threats in order to protect our nation's warfighters and allies. The JUPITR program will test and evaluate PositiveID's biological detection and identification technology called M-BAND (Microfluidic Bioagent Autonomous Networked Detector). The assessment will baseline performance, reliability, maintainability, ease of use, and cost of operation to provide the "best of breed" and most affordable options for the U.S. Army and U.S. Air Force.
PositiveID did not disclose the amount or other terms of the contact.
On Apr. 1, PSID's share price closed at 0.086 cents, down 0.0071 cents, or 7.63% from its closing price of 0.0931 cents the previous day.
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