Legacy XChange Inc. (fka LEGX)

[janice shell]

This was a mildly interesting case; the order is worth reading.

[Renee]

LEGX: SEC Registration revoked:

https://www.sec.gov/litigation/admin/2022/34-96401.pdf

[stockloooooser]

Share structure updated 11/12/21. Procedures or is someone still working on turning this little micro penny around?
GLTA!

[RMS555]

Share Structure updated recently and still the same, 62,570,659 Shares Outstanding and a lot of those shares are in insiders hands!

[RMS555]

it doesn't look like the SEC wants to approve LEGX for "current" status or whatever......... this is the link where documents are uploaded to SEC (Division of Enforcement): https://www.sec.gov/litigation/apdocuments/ap-3-20058.xml

[DTGoody]

They have to September 28th. If after that this is dead.

[Pennipro]

Seems DOA to me

[KeepOn]

What about all these recent filings?

[RMS555]

volume today... this is encouraging!

[RMS555]

Outstanding Share Count updated again and still no changes!!!!

Remove "CE" already !!!!!!!!!!

[RMS555]

thanks for this update!!!!

[Pennipro]

Received message on 4/26 that CE designated securities won't trade 5/26

[DTGoody]

I'm excited too! Lets get some updates and get this to 10 cents!

[RMS555]

Share Structure updated with Wednesdays date and no changes....

it was updated earlier than usual! Im excited about next week!

[RMS555]

they got the "delinquent SEC reporting" stop sign removed sometime in February I believe..... maybe Attorney Letter is all that is stopping this, but I think Attorney Letter is more to get the "Shell Risk" removed..... I wish I knew because this is such a low float stock and will move big once people can start buying again.

this is directly from otcmarkets.com on when CE gets removed (https://www.otcmarkets.com/learn/caveat-emptor):
When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.

[Abbas14]

LEGX$$.. how long more will take to be freaking current???... been here since years.. they are all done with their financials..I don’t know what else needs to be done.. hopefully soon..

[DTGoody]

Thank You for LEGX update! I'm still patiently waiting here! I Agree that we will be Silver once CE is removed.

Ultra low share structure here!

[RMS555]

Share Structure updated with todays date and no dilution.... 62,570,659 shares outstanding and a lot of those shares are in insiders hands!!!!

Very low float! Just waiting for Caveat Emperor to be removed and its gonna take off, imo.

[DTGoody]

Looking forward to getting some updates soon.

[DTGoody]

Very Nice when this goes current it's going to make a very nice move upward. Especially if we get a nice reverse merger here. I may try getting to a million shares and just sit tight on them.

[RMS555]

we are at 300k shares right now (my friends).... as far as filings go, they are technically "current" since "stop sign" was removed after the last batch of filings were submitted on 2-25-2021. Im not sure, but we may need an Attorney Letter also, and I check daily for it.

this is directly from otcmarkets.com on when CE gets removed (https://www.otcmarkets.com/learn/caveat-emptor):
When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.

[DTGoody]

Got 500K here and wouldn't mind getting some more. What other filings will they need to get us current. This should see .03-.05 cents once it's brought current.

[RMS555]

keep it on the DL, im still trying to add more myself before it gets current!!!!

[DTGoody]

Thank You to whomever has been selling me .005's! I Got a 500K position on this low floater that is about to become current with a 60 million share float. See you at .05 cents on our reverse merger news.

[RMS555]

yes they did, otcmarkets.com doesn't show "delinquent" anymore...... Caveat Emperor is still there though and I dont know what it'll take to get it off. I will try to look into it this weekend.

[Grndizer]

Up to date Financials dropped. Attorney letter next?

[RMS555]

Share Structure updates with yesterdays date and no changes to Outstanding Share Count.....

LEGX still hasn't filed their Quarterlies for this year and I think that is all they need to do, with Attorney Letter, to get back to "Pink Current."

[elkonig]

LEGX is going to be revoked by the SEC on March 5th because the company didnt bother to respond to back to the SEC.

[Pennipro]

Nice uptick in volume

[RMS555]

something is up... looking at the trade data there were a lot of 10k share buys in intervals of 3 seconds then 6 seconds. Ive seen interval buys seconds apart and those tickers have usually done real good for me!!!!

[yooperlion]

I held this at a loss since they were a beauty product company. They went to a dna pen company that sucked me in deeper. I left it on my watchlist with a huge loss for years to remind me not to be STUPID!!! when low and behold last fall the pps started going up, I sold and got out for a minimal loss after years of waiting.

[RMS555]

wow... havent seen this many trades in a while!

[RMS555]

nice, you are probably one of the last ones that TDA will allow.

[Pennipro]

I just bought on TDAmeritrade @.005

[RMS555]

just a heads up: there is another ticker that I am following that is Caveat Emperor and they posted an "attorney letter" 10 days ago and they are still not current..... im not saying it'll be the same for LEGX but it may take a while for it to be removed here.

[maronti1]

Thanks

[RMS555]

it was my friends that bought yesterday.... they use TDAmeritrade and TDAmeritrade won't let you buy Caveat Emperor stocks anymore, thats why they bought yesterday.

I am hoping that Caveat Emperor will be gone soon since Company is producing filings very fast. I am honestly thinking that by 2-15 the last 3 filings due will be submitted and Caveat Emperor will come off with pink current status.

Very low float stock, and very small amount of Outstanding Shares

[Abbas14]

LEGX$$.. I got some before they got suspended through E*TRADE.. I guess you have to wait now and I can’t buy anymore also and I will buy some more once this go current.. eyes on this for sure.. good luck..

[maronti1]

How you guys acquiring shares
Wich broker house?

[Abbas14]

LEGX$$.. someone just quietly scooping up shares and here we are can’t even buy a single share.. something is really up with this and will freaking move to $ in a flash once this one current again... just holding my little bag here since last run.. good luck..

[RMS555]

TDAmeritrade just let my friend buy LEGX... today is the last day to buy Caveat Emperor stocks on TDAmeritrade thats why he bought.

Lets hope Caveat Emperor goes away and we will all be able to buy LEGX again!

[RMS555]

to be honest I dont think it will be that challenging to come off Caveat Emperor because of all of the filings that have been coming out. It won't take much more, the hard part is just about done IMO.

Good Luck To You!

[RMS555]

yes and it is a very very low float stock with a low Authorized Share Count also, which helps us out if there is a Reverse Merger or new opportunity that succeeds.

Good Luck To You

[stockloooooser]

Last sentence in second paragraph may be reason company is making the attempt at becoming current. Hopefully everything comes together!
GLTA!

Item 1. Business



Business Development



LegacyXchange, Inc., formerly known as True 2 Beauty, Inc. (the “Company”) was originally incorporated as Burrow Mining, Inc., a Nevada corporation, on December 11, 2006. In February 2010, the Company shifted its focus to the beauty industry and later amended its Articles of Incorporation and changed its name to True 2 Beauty, Inc., to better reflect its new business focus.



On July 10, 2012, the Company formed a new wholly owned subsidiary True2Bid, Inc. (“True2Bid”) which was incorporated in the state of Nevada. This subsidiary’s name was changed to LegacyXchange, Inc. (“LegacyXchange”) in December 2014. The Company continued to sell existing inventory of beauty products through May 2013 when the final inventory was sold. LegacyXchange operates an online e-commerce platform focused on delivering users a wide array of sports and entertainment related products that can be won in an action-packed environment of a live auction. The Company is currently inactive and management is seeking other business opportunities.



The Company’s articles authorize the Company to issue 190,000,000 shares of common stock and 10,000,000 shares of preferred stock, both at a par value of $0.001 per share.

[Grndizer]

You’re correct. I missed that. It’s going to be challenging coming off the expert market and ce but let’s hope ceo can get it done.

[RMS555]

E-Trade has blocked buying LEGX due to it being a Caveat Emperor stock for a few months already and TDAmeritrade will stop at the end of this month.

[RMS555]

im pretty sure they need 2-3 more quarterlies to post since last 10-K was for 3-31-2020, then they will be current again.

Sucks that TDAmertrade is blocking Caveat Emperor stocks on the 31st

[maronti1]

Etrade will not let me buy it
Geez

[Grndizer]

Four more filings hit today. Next is attorney letter I believe!

[Grndizer]

2019 10K dropped today.