Logiq Inc (LGIQ)

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HUGE DILUTION OVER as of 4/23 !!!!! O/S - 306,323,723 - TA ungagged

as of 4/23/15 all magna and asher death spiral toxic debt from 2012/2013 zeroed out

Outstanding Shares staying @ 306m until merger


Quote:
Empirica Wednesday, 02/25/15 11:48:37 PM
Re: moras post# 25950
Post # of 31965

That's correct in terms of pure share issuance absent payment for them....

However, I am permitted, should I so choose, to purchase a block of shares. Those shares, although 'controlling interest' would be subject to 'insider' or 'control person' regulations.

This would in fact, enable me to do things in a more fluid manner.

I believe a better way to do this is to sell a control block to a 'strategic investor' meaning one who has an interest in the current business or target acquisition and would facilitate such a transaction.

I will say that I get contacted regularly by CB groups looking for aged debt, new issuances etc. and I am completely close-minded to that option. Rest assured that there will not be any repeats of the Magna/Asher situation which frankly speaking, was a huge disaster.

Bear with me as I'm working on the 2014 10-K and expect to have better insight for everyone shortly.