Logiq Inc (LGIQ)

[sunspotter]

NEWS 02 JUN 2015 STOA ITS ON FIRE WITH ITS DILUTION SCAMS

Brent Suen gives himself the excuse for another 500% MegaDilution:

"The terms of the acquisition are a share issuance of US$1 million of newly issued Seratosa shares in exchange for the exclusive global license of the Wechat Backstage platform. The issuance is priced per share at .005 or equivalent ratio in the event of a reverse split"

http://www.free-press-release.com/news-seratosa-enters-into-software-licensing-agreement-1433231351.html

Given that the current pps is 0.0006 the proposed pricing of 0.005 seems unrealistic to say the least.

I assume it's yet another mistake from the shoddiest scamsters in the business.

Incidentally the PR tries to imply the deal is with Wechat and to ride on Wechat's coat tails.

Of course there's no association between Wechat and Ad2Ltd., no matter what Brent Suen and his IRPs will spin it.