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Remember that news related to buying 50% of North star using 300 Million shrs worth 1.5 Million bucks at 0.005/shr? Well I think this is the minimum this stock will go and no counting assets of the acquiring firm ( possibly Troy Davis Home ) if this is a merger or buyout.
"...IMO continue to propel the share price upward "
Right...
Respect to getting current this year, they would have done it months ago if they wanted. IMO They have other time frame quite different from us traders " wanna get rich Now!". They could have easily taken Solei assets into the other public companies they manage. They are probably waiting for some event before making the shell work for their agenda So I'm neutral.
Right now Im involved with another company that that was basically garbage, but all of the sudden twitter came on saying "updates soon" and change of the CEO and big Volume in one day. I started digging in and got to a conclusion that is a RM already made and all the steps done by the former CEO makes sense now. Kudos for him... So some smart CEOs have very sophisticated ways to make big money and make us shareholders to win too on the sides if we are patient enough!!!......and if Im correct in doing my DDs this is going to be my 2022 SBES on steroids with half the SBES OS
They would have to raise the stock at least to 001 plus, Possible with good news but scary for most traders when News of RM hit the street. If they want to do R/S I believe first of all get current, then publish Financial News of the merger Co, wait for the rally to cease, then announce the desire to get to Nasdaq then hit the news of a R/S. The stock tanks the story goes on...
Hopefully! Are you in or still weighting it up?
$10k plus bought at the start? I dont see news anyone?
Mick the company below the line is not LGBS
LEGENDS BUSINESS GROUP, INC.
2215-B Renaissance Dr
Las Vegas, NV 89119
https://legendsbusinessgroup.com/
( Notice the "S" in "legends")
_______________________________________
This is not LGBS
Website
http://www.legendbusinessgroup.com
What about a possible R/S just as the cherry on the pie!!
This F XU diluted so much the stock that the new management might decide
to announce it as part of the " inauguration" and by suggestion of David as a revenge
to existing shareholders.... Iol ...you never know!!! so save some chips to average down when if done. All IMO just thinking out
Are you talking of this:
"Dear Shareholders,
We are planning to release the Open Letter regarding the subsequent Reverse Stock Split by or before Wednesday of this week."
Dear Shareholders,
— bowmo (@bowmonyc) November 28, 2022
We are planning to release the Open Letter regarding the subsequent Reverse Stock Split by or before Wednesday of this week.
thanks buddy!
Bomo didnt changed the twitter address in the OTC page. They are still portraying the old shell Cruzani
Yes we are anxious for the real NEWs but you must know how the OTC stocks work.
The most hated phrase from a typical CEO: " ASAP"
Anyway I think the real action comes from the sister LGB# check that board for details
Does Anyone know the BOMO's twitter account? TIA
Mick everything makes sense
Paul Bakajin exCEO of LGBS and current CEO of AAPJ would not sell AAPJ 's 300 M LGBS shares for less than 0.005. Actually, He would envision to get a juicy profit out of those shares. Dont you think so?.. One way to do it is by RM with a profitable and experienced company like Troy Davis Home LLC. so all of the involved companies win, if I connected the dots accurately then Paul Bakajin will deserve kudos for such an accomplisment.
1. https://legendsbusinessgroup.com/
"Legends Business Group, Inc – The company is set to take on mergers and acquisitions. We currently own 50% interest in North Star Developers. "
2. https://www.globenewswire.com/news-release/2021/10/28/2322888/0/en/Legends-Business-Group-Inc-Announces-Acquisition.html
"Legends Business Group, Inc. (OTC Pink: LGBS) (“LGBS”) is excited to announce the acquisition of North Star Developers from AAP, Inc. (OTC Pink: AAPJ) (”AAPJ”). AAPJ will sell its 50% interest in North Star Developers to Legends Business Group, Inc. This acquisition is valued at $1.5 million dollars. AAPJ will receive 300,000,000 common shares of LGBS valued at .005 per share to complete the acquisition."
No patience or maybe tax loss season has just started? Anyway Thanksgiving rally has finished and funds rotation starts today so unperformed stock goes down and contagion to otc too.
"company news release will be published soon."
This twitter was published on Nov.2lst
Tic toc tic toc......
You wont find any clues until is too late and have to chase the stock, so at this lodw place the down side is not too risky, the only thing that could matter is IF Wilson decides to R/S. He hasnt say anything respect to it but the OS is too hi for my taste so it might happens some day or some year, who knows GLTA.
It was crystal clear to me. R/S is the only way to "restart fresh". It is a kiss of death. No one will touch it, The only way to get out of this mess will be to average down when the stock settles after 1-2 weeks of selling off and wait for news and recover losses. All IMO
My rule is never mess with stocks with OS having more than 3 Billion shrs outstanding unless it is a swing trade of days only. But it is just me!!
Unloaded!!!???? Those shrs have just been issued , There is no way they have sold them in the open market. They will when News come IMO
I noticed it, right on Thanksgiving!! Anyway lvgi great for day/swing trading. News coming soon that way they can unload those new15 M Shrs to the market.
300K 4s were sold with very low volume, lets see if 5s hold as the ask.on Monday.
Hopefully this is only one of thousand possible scenarios. We will have to wait for the next possible date around Christmas Holidays.
If Solei Pharma finds out something egregious in Xu' ternure can they walk out of the RM and sue SBES?
Hi varmit could you provide the link TIA
Assuming no further news, BOMO wont R/S until December 12. When it happens, the stock will crater around 10-20 %. Then if good news hit the market it could recover to pre-R/S levels equivalent. If they pretend to upgrade to Nasdaq better PR good news the first week of December.
Yes I forgot to put the decimal after 2
I just counted bid size above 2439 Billion shares
If BOMO wants to upgrade to Nasdaq they HAVE to hit us with news showing revenues above $100 M plus reduction of shares several BILLIONS at least. Then they could do a successful R/S . They have 19 days to do so. Not impossible but who knows Otc is the wild west of stocks cheers
Here are the last 3 twits in case you missed them
https://twitter.com/XTRMBio
Nov. 17
"Looking forward In seeing the company expand its operations. $XTRM"
Nov. 16
"Working on an acquisition will provide update soon. "
Nov. 3
"Company updates are coming"
Something very interesting is going on. XTRM and LGB# are partners in North Stars development. However, It looks like LGB# has RMed with a company Troy Davis Home Corp, ( nor the RM and the merging company has been confirmed ) There is no announcement yet but .Troy Davis is the new CEO of LGB# while the previous CEO has resigned to all his positions, including president of the board, since a month ago. Both companies XTRM and LGB# have twittered "updates are coming" in the same date and both have surged huge in Volume the past days. So IMO XTRM and the "Merging Company" ( not confirmed so far ) probably will joint into further business development. My suggestion Patience might reward us handsomely. Enjoy your long weekend!
This is getting even better:
In point 1. I mentioned 166 lots worth $16.6 M, but in the latest PR dated September 19th it is stated "We are very excited to be adding another acquisition giving the company 200 lots acquired so far in 2022 valued at $20 million. As of 06/30/2022 the companys revenues are $3,580,000 with a gross profit of $540,000."
https://www.otcmarkets.com/stock/LGBS/news/LGBS-PR-September-20-2022?id=373167
In point 2. I mentioned the new Ceo was appointed in November 19th but actually the appointment was done in October 17, so the RM was consumed around that date, so we are really close to the disclosure of the merging firm and other details regarding valuation.
Happy Thanksgiving everyone
See you guys next week hopefully will have juicy updates.
The today´s low volume is indication that most buyers know something is about to happen!!!.
Have a nice Thanksgiving and GLTA !!!
Did you notice there is no mention of a TA in the OTC page but
they have an Accounting/Audited firm?
https://www.otcmarkets.com/stock/SBES/profile
Well guys see you after Thanksgiving hoping for better days to the Jpex family.
Have a safe one!!!
LGBS hasnt changed the new CEO in either of both entities Nevada SOS and OTC
https://esos.nv.gov/EntitySearch/BusinessInformation
https://www.otcmarkets.com/stock/LGBS/profile
Mick I just sent a new email which is in the "Contact us " page of the company
Troy Davis Home ( http://www.troydavishomes.net/contact-us.html )
Content:
"I read a disclosure report from the company LEGENDS BUSINESS GROUP, INC. indicating Mr. Troy Davis as the new CEO, I wonder if such a person is the owner of the company Troy Davis Homes. Is it possible to confirm this information?
Thanks in advance for your reply.
Link to the above information:
https://www.otcmarkets.com/otcapi/company/financial-report/352583/content"
Probably they are still investigating with the TA, but it is just my opinion based on what i read in this board about issues with the TA. why is the delay to deliver those 3 Q reports plus Attorneys Letter in order to just get current?
IMO, They probably found something wrong with Xu's dilution, The management probably ask themselves what happened with all the money raised with around 5 Billion shares diluted during Xu's tenure. Remember the PPS has gone as far as 2 pennies. I estimate Xu could have pocketed around $15 M +, using $.003 average price for selling the shares.
You never know, this is the wild west of the OTC. I just got involved with a stock that was basically dying and all of the sudden High volume, right now we are trying to figure it out if this a RM or maybe a buyout... That stock could be become the real one...
Thanks beachbum for the info, at this point we are trying to figure out whats going on with Lgbs.
Here are the facts:
1. lgbs assets: 166 lots in Bouse Idaho, a hot place for Real estate worth $16.6 M.
2. The new ceo since the past Friday is Troy Davids while the former Ceo is not longer in Lgbs.
3. Twitters : "Update next week", "A change in company officers is in the works. ", "company news release will be published soon."
4. Very high volume yesterday. "Volume precedes Price"
Here are some conjectures:
1. Lgbs has been Reverse merged or a Buyout done by a House Builder
2. TroyDavisHome seems to fit into the mold because of the name, the business involved in and they also operates in Idaho.
Also NDA is the norm until the RM Co. takes over the shell. I just got into a stock which is not a shell and looks like it has been RMed although at this point is just a conjecture. We have just realized about it after a twitter from the company "updates next week " plus a disclosure in the otc page acknowledging change of CEO and yesterday we had huge volume plus other twitters.
I sent an email to the company inquiring if it was the same guy and got this answer:
Sorry, we were unable to deliver your message to the following address.
<troydavishomes@gmail.com>:
552: 5.2.2 The email account that you tried to reach is over quota and inactive.
5.2.2 Please direct the recipient to
5.2.2 https://support.google.com/mail/?p=OverQuotaPerm