Legends Business Group Inc (OTCMKTS:LGBS) Rises Again

In our previous article about M&A player Legends Business Group Inc. (OTCMKTS:LGBS), we mentioned about the change of the CEO and the preparation of a new oil and gas merger. The news was released on Twitter, which seems to be the way the company prefers to communicate with market participants.Check the following figure: Twitter of Legendsbusinessgroup - Legends Business Group Inc OTCMKTS:LGBSThe announcements were remarkable and made the share price react astonishingly. From $0.0002, the share price increased and hit the level of $0.0033. We assessed the company and reported the incredible returns in "Legends Business Group Inc. (OTCMKTS:LGBS) Making Big Moves." Be sure to check that article as well as the share price action seen in June. We believe that by understanding the share price movement in June and July 2017, the readers will be able to better assess the new price movements in the market.What's happening with the company right now?LGBS was highlighted in many financial forums because its volume has recently spiked up. Volume is usually perceived as a good indicator. In our opinion, it does not only show that many market participants are interested in the stock, but also indicates that the demand for the stock is significant. Check the following images taken from Twitter as well: Photos taken from Twitter - Legends Business Group Inc OTCMKTS:LGBSThe number of shares that changed hands was equal to more than 400 million shares. It is a new six-months record showing that something seems to be going on. A new update on this name was necessary.Before we provide some more details, have a look at the following stock chart and form your own opinion: 1-month chart for LGBSRecent DevelopmentsAfter our last article, we received quite a bit of tweets from the company noting that something big was coming. Honestly, not many companies prepare the market for news. We appreciate it.The press release received on July 25, 2017, mentioned that LGBS was in the second and final phase of Due Diligence with the company's Oil & Gas partner. Additionally, it was said that this partner needs LGBS to be up to date with all the required filings, including the financial statements, and obtain an attorney opinion letter stating that the company was in excellent condition.What's our take?We believe that there may be an opportunity here. A merger with an oil and gas company and being compliant with the regulatory framework could be very positive for LGBS. A new transaction would increase the know-how as well as the assets and liabilities of the company besides enhancing its credit profile. Additionally, more market participants may have a look at the project of the company if the new financial documents are filed. Furthermore, the liquidity in the market should increase, and the company should be able to find cheaper equity financing. We believe that it is not necessary to note that the share price would also increase.In our opinion, new updates towards these two objectives could make the share price run. Be sure to follow them on Twitter as well as on the new company's website.What's creating the stock market reaction?We believe that the following tweet on January 19, 2017, was the cause of the reaction of the market participants: Twitter of LGBS - Legends Business Group Inc OTCMKTS:LGBSMarket participants seem to have learned that good announcements follow tweets by LGBS. It has happened many times in 2017. Our readers should be already knowing the pattern; Twitter says that something good is coming, then a press release is put out and outstanding stock returns are delivered.Will the market repeat the same pattern? Some market participants seem to be betting on it. We cannot tell what will occur, but we will be ready to inform our readers.There is social media activityThere are two main facts that we appreciate this name. First of all, a lot of people seem to be following the company on the Social Media. Twitter is not the only place, wherein the communications by LGBS are being assessed. Market participants in the iHub forum also discussed very intensively. We believe that a large number of comments increased the interest of other market participants in the stock.Check the following table, which includes most of the recent comments:

PostSubject< Older#38645 1/19/18 $LGBS Somethings are worth waiting for #blackgold #hardworkpayswakeupdummy01/20/18 02:12:33 PM#38390 Parallels between LGBS and GRDOchadlupkes01/10/18 09:31:11 AM#34632 SCAM ALERT...WE'VE ALL BEEN HAD...READ BELOWDwyaneMcRoberts06/21/17 06:52:05 PM#38733$LGBS NHOD coming. IMORonax01/22/18 11:09:48 AM#38732MM Manipulation at its best.jessejames00101/22/18 10:56:54 AM#3873126 million share on bidenthalpy01/22/18 10:56:38 AM#38730.001 BREAK COMINGMG-Trader01/22/18 10:49:38 AM#38729This is messed up. It was 0006 xBuyLowSellHigh01/22/18 10:47:56 AM#38728LGBS SLAPPED LAST .0007's CHEAP HERE IMHOMG-Trader01/22/18 10:47:52 AM#38727from this tweet Friday...I think it will 1/19/18MOMO01/22/18 10:42:02 AM#38726hoping they turn it around this time andenthalpy01/22/18 10:40:29 AM#38725check the chart...you can see the last runMOMO01/22/18 10:37:00 AM#38724good to see you jesse...hahahaMOMO01/22/18 10:36:00 AM#38723MOMO. Good to see ya here. You shouldjessejames00101/22/18 10:33:23 AM#38722we hit new highs today and .001 break...lookingMOMO01/22/18 10:31:11 AM

ConclusionCurrently trading with a market cap of $1.12 million, LGBS is an exciting story among small caps. With $0.001 million in total cash, $0.558 million in total assets and $1.1019 million in total liabilities, the market will be expecting an equity raising to refinance the balance sheet. Let's see if the new financial statements show an increase in assets and cash. It could make the share price run. Thus, we will have to be alert in this regard.Be sure to check out our coverage on LGBS!We will be updating our subscribers as soon as we know more. For the latest updates on LGBS, sign up below!Disclosure: We have no position in LGBS and have not been compensated for this article.Image courtesy of Huw Davies via Flickr