Logiq Inc (LGIQ)

[Elcappy1]

Are you saying the info straight out of the CEO's mouth is false?

Update on outstanding CB's

Long story short - there are two groups that have leftover CB's: Asher and Magna.

It took me until yesterday to dig up the fact that Asher still had part of a CB left from as long ago as June 2013.

Asher has $4,250 left

Magna has $4,500 left

It seemed fairly odd that each communique I got from Magna with their amount remaining, didn't seem to track alongside the increase of shares so I had to go back and research the issuances which as you guys know, was quite massive in 2013.

Prior to finding this out, my fear was that the amount was substantially more, combined with the 10bb shares authorized, and that would create a never ending nightmare..... but the combined total is $9,000 which possibly could increase O/S by another 20mm or more, at least they'll be gone.

The amount of debt that was left on the balance sheet as 'aged debt' is in the form of a CB however, it was not issued to 3rd parties like Magna or Asher, merely sits as debt.

That debt, if left in the wrong hands, would enable one to replicate the exact same thing as in 2013. Not good.

Hope this helps.

Brent Suen