Logiq Inc (LGIQ)

[sunspotter]

"Regardless of Suen's capacity prior, he was not the ceo."

He was a Corporate Officer, and therefore either utterly incompetent in not stopping what went on before, or utterly complicit.

Given that STOA was established for the sole purpose of screwing its retail marks, we can safely conclude the latter.

I'm sure there are a lot of STOA shareholders holding stock they bought previously hoping and praying that Brent Suen is on the up-and-up.

When the criminals behind scams like STOA reshuffle the deckchairs, they always hope it gives the "new" regime enough credibility to pull it off all over again. And sadly, for the first few iterations at least, they are seldom disappointed.

They also rely on the complicity of their old victims, who are after all would like nothing better than to shift their mostly worthless holdings at a lower loss than had previously seemed possible, and therefore can usually be relied upon to play along with the new story.