Logiq Inc (LGIQ): Apparently there is a former employee wh...

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Logiq Inc (LGIQ)

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West Coast Snapper

Re: Michael82929 post# 47738

Tuesday, 09/11/2018 4:49:15 PM

Tuesday, September 11, 2018 4:49:15 PM

Apparently there is a former employee who robbed the company, was fired, and had a stock certificate for a few million shares. The company is in a legal dispute with him and froze the shares. He apparently circumvented the company by opening an account with a shady broker somewhere in Asia and has sold the shares illegally. The special dividend the company will announce is a way to get all shares delivered into the transfer agent to be reissued, with the thought being this guy has no shares to deliver and will be caught short and the broker will be forced to buy back the entire position. Speculation is that this could run to $30 on a forced buyin of millions of shares

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