Share price of LIG Assets, Inc. (PINK:LIGA) dropped again to the bottom of $0.03 yesterday which provoked a stock promoter to issue a trade alert on the company for today’s session. The promoter makes huge promises on LIGA, and reminds about a promised in the past stock dividend. 
LIGA closed the market yesterday at $0.0395 for a share on average trading volume of around 119,000 traded shares. That represents a 12.22% decline in the share price from the previous close. Short-term, the trade alert that came into our database could make LIGA move up today.
The promotional newsletter discloses no compensation for the promoter, but it contains statements like ” We urge members to jump all over LIGA this morning” and it also mentions that traders could get as additional bonus shares of the subsidiary SuiteMagic through the payment of a stock dividend. That dividend was declared by the company in February, and the promoter claims it has not been delivered yet.
Since LIGA provides only limited information about material events and financial condition, there is no way to verify the claims of the promo mail. Latest available information on OTC Markets is an annual report according to which LIGA had as of end-December 2011 total assets of $24.77 million and total liabilities of $16.6 million. The largest position in LIGA assets is $23.37 million which represents the “market value” of some real estate investments.
In fact, according to the report, it is the company’s business to acquire, rehabilitate and resell homes for profit throughout the United States, at the same time LIGA reports rental income as its main source of revenue. In any case, despite the limited information the trade alert could make a cheap stock attractive for trading.
