Logiq Inc (LGIQ)

[Welcome2Pinkyland]

The new CEO responded to his involvement with STOA over the years:

In 2007/2008, I was part of a group (IRG TMT Asia Fund) that invested $2.7mm into Sinobiomed. Sinobiomed had a market cap of $300 million at the time and raised $19 million in funding from institutional investors including IRG TMT Asia Fund, CITIC, Accelera Ventures and Temasek Group.

Sinobiomed's management made a number of mistakes and the investor group nominated me to restructure the company, subsequently selling the land, assets and business to a division of CITIC Group. The project took 9 months.

Since 2011 I’ve kept track of the company although only as a passive shareholder. Recently, I made an offer to take over the business and restructure it, only if the other management members stepped down hence my involvement.

Read the 10-Q and 10-K’s from then until now and it’s clear that I was neither on officer or director in the company. Edgar filings are one of the best sources of due diligence to see a persons involvement. I'd suggest to everyone to read thru them before making investment decisions.