After a 14% gain last week, the stock price of LIG ASSETS INC (PINK:LIGA) suddenly froze up. Yesterday, LIGA closed the day 
at $0.08 per share, while its traded volume decreased. However, Lig Assets looks determined to climb and it’s not giving up the fight yet.
It was just yesterday when LIGA was promoted by Stock Guru with no third party involved in the campaign. Actually, this promoter has been regularly alerting on the stock over the past month in order to pump up its price. And in some cases, it succeeded. Though the gain was shortly broken. Now everyone is curious to see what happens with LIGA today.
This time, apart from the promotions, the company issued a press release on its activities. According to it, LIGA has just reached an agreement with SuiteMagic for In-Room technology services in hospitality industry. Pursuant to the agreement, LIG Assets has gained a 50% ownership interest in SuiteMagic and aims to increase its revenue and shareholder value.[BANNER]
The optimistic statements accompanied by promotions may certainly fuel up LIGA stock price. Though, the result is yet to be seen.
LIG Assets focuses on income-producing opportunities in commercial and residential real estate and the overseas oil and gas production sectors. As of June 30 this year the company has registered more assets than liabilities in its 10-Q report. However, almost all of the liabilities are long-term and these keep increasing.
Anyway, LIGA still has some cash available to cover its expenses, while the results of the new agreement are only projections yet.
