Logiq Inc (LGIQ)

[ForReal]

Okay, I read the stock option agreement. And discovered some pertinent facts:

Stock purchased via the Option Agreement are Restricted shares.

Shares must be purchased at the prevailing price of shares, at the time the option is exercised.

The company is under no obligation to remove the "Restricted Ledger" from the option shares purchased.

Option shares are the same as common shares and are subject to the same as those, as a result of splits .

Now let's look at the current outstanding options

As of 09/31/2014 (10Q)

Available for issue: 24,750,000

Options outstanding = 250,000 (exercisable at 0.60 per shares)

I really don't see this option agreement as anything of concern. There is also a vesting requirement and all option grants must be reported via an 8K and/or SEC Filing.

Also, look at the salaries these guys were paid. Basically, what it comes down to is, Company officers are paid for performance, via the Stock/Option Compensation plan. I don't find that too difficult to accept.