Logiq Inc (LGIQ)

[ForReal]

Everyone here is acting like this is some sort of surprise. If you go back thru Brent's posts here on the board, a possible reverse split was talked about from the beginning. Read one of his previous posts below.


Empirica Tuesday, 12/16/14 03:09:50 AM
Re: None

Post # of 33899

Press Release

I submitted this on some of the free services in order to get something out there for the time being. Call it an update of sorts.

This is NOT an encouragement to buy shares. Do your own due diligence and/or wait until a material announcement is made before contemplating investment.

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Seratosa Enters Into Acquisition Talks with US Based Adventure Gear Company

Hong Kong, December 16, 2014 -- Seratosa Inc. (OTCQB:STOA) ("Seratosa" or the "Company"), an e-commerce facilitator announces that acquisition discussions with a US based Adventure Gear Company have begun.

The rationale for engaging in acquisition talks with potential targets in the US is to identify niche companies that have a substantial portion of their sales in North America. The target company would have a high possibility of increasing sales in Asia, via the Seratosa e-commerce platform which already enables several North Asian sales channels.

Additionally, the Company will seek to identify potential acquisition or strategic partnership candidates in the mobile commerce or “M-commerce” space. The possible addition of an M-commerce platform will enable Seratosa to provide a comprehensive solution to companies or product lines it acquires or aligns itself with.

Should an acquisition offer be made and accepted, the Company would then seek to undertake a number of restructuring efforts including but not limited to, a reduction in the number of shares authorized, new share issuance to the acquisition target company, possible reverse split, uplisting to a higher tier stock exchange, additions and changes to senior executives and the board of directors, name change, stock symbol change, and possible engagement of an investment bank to advise on further mergers and acquisitions.

There are no guarantees that the Company will be successful in it's endeavors to acquire the potential target.