RMS555
3 years ago
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.
RMS555
3 years ago
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.
stockloooooser
3 years ago
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 โCompanyโ) 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. (โTrue2Bidโ) which was incorporated in the state of Nevada. This subsidiaryโs name was changed to LegacyXchange, Inc. (โLegacyXchangeโ) 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 Companyโs 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.