On Monday, LIG ASSETS INC (PINK:LIGA) lost 33.33% on the market and since then its price is frozen at $0.10 per share. 
Though, the company does not look satisfied with its chart position and decided to change it in the typical for LIGA way – by news and promotions.
Yesterday, the company reported the formation of MedicalCampusGroup, Inc. Pursuant to the agreement with HQZ Partners, LP is to fund, develop and jointly own the medical campus Peachtree Towne Center Project, located in Texas. Besides, LIG announced that Dr. Douglas M. Lawson, PhD., and his company, Lawson and Associates, Inc., have been retained to spearhead the fund-raising efforts for the Peachtree Foundation, a non-profit organization formed to support the project.
The news seems to be rather optimistic, though it was not the only step that LIG has made towards the climb. Again yesterday, the company’s stock got promoted by Stock Guru, whose e-mail featured the new partnership. As the promotion involved no third party, apparently namely LIG itself has paid the compensation of $10,700 for the campaign.[BANNER]
Whether that was the proper strategy for achieving the gain is yet to be seen, though it is definitely not the first time when LIG uses it. Last month, the company pumped up its stock price by news and promotions again, however, the up move was shortly broken.
LIG Assets, Inc. defines itself as a provider of funding and financing for business and real estate projects. 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.
And despite LIG still has some cash available to cover the expenses, the results of its new partnership are yet to come.
