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Here is another guy called Troy Davis
$LGBS New CEO Troy Davis has over 30 years of technical and business experience, from developing and patenting the first face to face mobile connecting system through to taking companies public on both the OTC and NASDAQ markets.
— Chip (@Chip_otc) November 22, 2022
+Pr soon⌚️ https://t.co/L0Vm3yeE0o pic.twitter.com/7OH4Sp2HIm
Hi Mick no updates so far, thats quite anticlimatic, whats your time estimate for new board and business news as they tweeted. TIA
I was hoping sbes was getting current around Thanksgiving. My next perceptive date is around Christmas which is less than 3 weeks from now, I doubt it. Finally, Sometime in between January to March assuming WW3 doesnt happen, I just read news about a drone was fired into a nuclear Russian base also if the North stream sabotage was done by Britons expect a retaliation from the Russians. So the situation is quite unhealing to say the least.
Exactly, Td amer wont allow me to buy tptw until it gets back to current status. I guess thats the reason its cratering a bit every day.
What is most important for the shareholders is the market value of the acquiring company in terms of revenues and gross profit because that will determine the initial PPS postmerger
Yes. The losses are an asset at least 20% of it but there are restrictions that will vary on which state the company based on.
So JPEX is worth:
Tax loss carryf. :20% of 34 M = 6.8
Price of a shell : 0.5 M
Total 7.3
PPS = 7.3/1700M = 0.004
That is correct, The company buying JPEX will be able to discount upto 20% yearly if they have profits to pay. kind off ...It is called tax loss carryforward and will vary dependending on the state the company is based on.
Dumping the stock, no patient at all, those ones will be surprised when News hit the market!!!
Do you remember Citibank C in 2008-9, after the horrendous crash? C did a RS and it was a successful one. BOMO is not C, the difference is C had Dady government to help it out. I hope I'm wrong and you guys do well but I doubt it but its just me. I'm here just as a watcher if things go the way I expect I will jump in for a Dead cut bounce otherwise if there are good news before RS then congratulations, IF on the other hand good news come after RS I will jump in for the bounce. The scenario i expect is RS, no news and the stocks tank for several days, maybe weeks, and frustrated shareholders never trade again BOMO. Maybe later on a bounce could happen until the equivalent of todays 0001-2 level . The reason It wont go upper is because all the shrs bought at 0001 -2 will be sold at the same level just to get even. You could say support becomes Resistance.
Good to hear that. BOMO I have bad feelings about it so I following just for a Dead cat bounce sort of. Im more into Reverse Merges, takes time but are all worthy, a potential of 20 to 50 times. I'm just got into one that I believe is a RM. All quiet so far but after doing dd together with other traders we arrived to that conclusion. Everything points to that, like people say if it walks, swing and whatever like a duck then it is one. The good news is that they will reveal it very soon this month is my estimate, I have another several years now and crickets well you never know. GLTA
are you still keeping shares of it? I have them in my portfolio name "Dont ever touch it" and BOMO will be there soon. I might buy BOMO but sell it after the dead cut bounce then put it in that portfolio. I keep them just to remind me that we trade in a dangerous place.
I rather say that speculation is to think that shareholders will keep the same value in dollars term!. If RS was yesterday the PPS after RS would have been 0.0098 not 0.001, You see what I mean, the days will pass and shareholders will realize that they will not only lose for each share but also they will pay a RS fee of $40.
Days after R/S some wont be able to trade buy/sell because some brokers wont change the CUSIP number for the new stock in a timely fashion. Ive been there before. You will see when MMs signal the botton with a very low trade very early after the R/S, If you plan to average down just wait until the stocks settles down.
I can image those 500 M become 0.5 after RS and selling them for a loss of a whopping $47.5 K in less than a month.
I can imagine those 500 M shrs become 0.5 M after R/S and then selling them for 0.005 for a l whopping loss of $47.5 K in just one month!
On Friday there were several trades made at 0.000098 all those trades were for 50 M shrs each. IMO, on the coming weeks we will see even lower prices unless a positive news is announced. So maybe the day after rs bomo could start trading at 0.0095. If no news at all, pps could go even lower i dont want to adventure lower numbers but be aware when planning to average down. GLTA
what about broadcasting it to the ihub boards like momo's breakout board etc. or privately to other members!? just saying...
IMO, LGBS is undergoing a process of Reverse Merge RM with an unknown Co.. So far we know for sure that Troy Davis is the New Ceo since October 17th,2022 while Paul Bakajin resigned to all positions including director of the board (*1).
After googling "Troy Davis" we found a company called Troy Davis Home LLC (*2), TDH, a Texan Co. which have 6 or more years of Building experience, financial resources, market accessibility to several states including IDAHO. also important TDH builds more than 200 homes each year.
On the other hand, LGBS owns around 200 lots in Bouse IDAHO and has 50% ownership in North Star development (*3/*4) XTRM owns the other 50%. LGBS is a Public company while TDH is a private one. TDH could build easily those 200 homes in one year not LGBS alone. With TDH experience LGBS could reduce cost, building time, and gain other markets in other states. While TDH becoming a public one gains more financial access and elevates its status as well.
Using LGBS figures, they stated a Gross Profit around $62.5 K per home built (*5). With TDH commanding LGBS and building 200 homes plus per year. It could yield a Gross Profit of $12.5M / year, That is a whopping PPS = $0.04/shr for shareholders ( using a P/E ratio = 10 ).
Once LGBS updates the new board in Nevada and OTC, as tweeted recently, the next step should be the expected RM announcement, as explained in the phase 3 down below .
Reverse Merge is generally broken in 4 stages (*6):
1 Due Diligence:
Analysis of the target firm to determine if the business is a good investment.
2. Agreement:
Involves a detailed plan that includes strategies for change management, inventory assessment, organizational integration.
3. Integration:
Involves Change Management, evaluating improvements, schedule visibility and resource investment.
4. Value Attainment:
Reduction of costs, within operations and enhances revenue opportunities, to access a wider customer base and increase market share by gaining new customers or markets.
*1 https://www.otcmarkets.com/otcapi/company/financial-report/352583/content
*2 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170519097
*3 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170531161
*4 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170563163
*5 https://www.otcmarkets.com/stock/LGBS/news/LGBS-PR-September-20-2022?id=373167
*6 https://www.manufacturing.net/operations/article/13246102/best-practices-for-each-phase-of-mergers-and-acquisitions
Great, it should be ready for announcement Jan-Mar 2023. Hopefully before WWW3 starts
Of course it does....for them only. They will dilute easier in 1 or 2 years they will end up right in the same situation like today. i call them parasites
I seriously doubt if LVGI gets 2 or 3s nor 5s even when they keep on Diluting the stock. It could be possible in 2023 if we end up into recession. 2-3 Q
On Monday or days after I expect more than 1 B waiting to be sold maybe you could grab 0.00005! No surprises how stupid people can be...
Just like I said but quicker than expected it. NO BID, for god sake dont try to average down until after the RS is done and wait several days/ weeks until BOMO Stock settles down.
No Idea all I see is that as we aproach Dec 12 the ask is increasing and the Bid is decreasing!
Beer Day.... this 5K sold early doesnt even by a beer
Bid keeps getting lower and the ASK raising, when approaching the dreaded day it will be frenzy selling IMO!
Smells fishy, were are all those real estate developments they had in the mid west?. I'm just passing by, i used to trade it right before the last R/S they had years ago, still the same chit looks like.GLTA
I'm sure they do, actually Real state has started selling Homes with solar systems, it is very appealing just like when Real State started selling with appliances included.
Those who sold are just looking at the dilution involved...
The dreaded date is coming, every day the Bid size decreases and the ask gets bigger.
It could get into no Bid soon, better sell now if you are lucky you can get 0.00015 there are some
idiots buying at this price. They have no idea of what an R/S ends up, following the BS Letter will
become a nightmare for them. If they want to Average down they should do it after the R/S once the stock turns into steady state.
It looks like a few more traders coming in for an "epic run". Hopfully the News will be a RM
I dont think they will explain it. they hardly pr and when they hardly any explanation
LOL
What we really need is a Huge pumper instead!!!
"the company is behind on filings and is far overdue"
IMO, They could have done it months ago. My guess is they are waiting for something related to the other companies they manage and Soleil Farm is a big piece of the puzzle they have in their hidden agenda. Soleil Farm is apparently a big company which would be in a big board like Nasdaq and could tolerate the huge OS SBES currently has and it would be a healthier step to R/S in the right time.
"XTRM and LGBS connected"
The connection is around North Star
LGBS owns 50% of it. They bought it from AAPJ using 300 M shrs
valued at $ 0.005/shr total worth of $1.5 M
Current AAPJ Ceo is Paul Bakajin which resigned from all position in LGBS including Director of the board, in October 17th.
The new LGBS Ceo is Troy Davis since that date.
It seems that Troy Davis is the owner of Troy Davis Home llc. which is a Texan Company but has a history of home developments in several states including IDAHO. It looks like TDH has extensive experience and iis well capitalized and ready to develop the 200 lots ( worth $20 M ) that LGBS owns in Bouse Idaho.
So we guess that TDH has Reverse Merged LGBS and Troy Davis is right now working in a new management and getting ready to announce the RM. Once Troy Davis announces it, LGBS and XTRM will PR a new joint development thru North Star...and who knows maybe there is a third company involved?
* All links are in the LGBS board
Mick from Yesterday Tweet:
"We continue to work towards new management and business opportunities for LGBS, Nevada State and OTC Markets updates are coming. $LGBS"
It seems there is a contradiction:
1." We continue to work towards new management"
He hasnt filled LGBS management positions yet so why is he updating
Nevada`s and OTC. It should be updated when the positions are filled.
!!!?
2. Business Opportunities? They/he mention News update soon! on Nov. 21
So far nothing relevant. We dont even know who is this Troy Davis ' experience etc.
It is getting frustrating .... why the hell they/he says "soon" when they are not ready at all
New Twitter from Turtle Troy:
We continue to work towards new management and business opportunities for LGBS, Nevada State and OTC Markets updates are coming. $LGBS
— Legendsbusinessgroup (@Legendsbusiness) December 1, 2022
I counted this morning 2.3 B plus, less than few days ago.
In theory they are not lying, but experience tells quite different, the stock will tank who knows,... Maybe 20.. 30 %. After the r/s is done and settles with low volume then thats the time to buy and average down and pray for good news to sell out and never come back again. It is called REALITY. whoever wrote this letter must have a face made of stone. I Have a portfolio called "dont ever touch it " full of stocks with R/S history they never recover actually some of them tank so much that they have to R/S again.
I wonder why he didnt PR the court dismissal. The twitter he published was kind of upbeat to me or more like a relief
Agree penny plus if a RM news is on!
Ask @ 0007 is selling 27 + M shrs! Are they tired of waiting? Tax sell season? or bad News?.