Legends Business Group Inc (LGBS)

[jufel]

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