Well, this just happened on mine on transformation #3... I didn't even notice the pin come out, the legs just fell off. I don't know if the pin fell out during transformation or prior to, but I can't find that damn pin anywhere. Not a hard fix with maybe a pin nail, wire cutters, and super glue, but man, at $160 that's a pretty lame thing to happen. If this toy wasn't so great looking, I'd just box it away and play with my 1/48s.
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Ouch - sorry to hear that Ghostryder ... hope you get the thing fixed soon!