Logiq Inc (LGIQ): Weylandtech WEYL 200 day MA .60c tested...

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Saturday, 06/22/2019 11:14:52 AM

Saturday, June 22, 2019 11:14:52 AM

Weylandtech WEYL 200 day MA .60c tested 3 times last week. This quarter ends next week with projected earnings increase 30% over last qtr, projected at 11m and 100% over 2018 second qtr. Company has no debt and is currently trading at 1 X 2018 earnings or 30m market capitalization.

Companies valuations in the software as a service are now currently trading at an average of 14 X revenues and buyouts are happening at 18 X revenues.

Projected revenues WEYL 2019 45m.

Look into SE GRAB etc.

Once WEYL is more fair valued 7-9 X earning 250m-300m market capitalization buyout will occur at 18-20 X earnings in my opinion.

800m MC or roughly 15$/share by years end....

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