Logiq Inc (LGIQ)

[md1225]

The S1 will NOT be cancelled BECAUSE it is simply a line of credit. Literally a "credit card" if you will which allows the company to be able to negotiate.

Recently as of 9 weeks ago the company walked away from a lucrative merger. The company walked away because the phone literally starting ringing off the hook when "player" in the PaaS Ewallet space heard Weylandtech was about to merge, if the merger had happened good bye buyout offers from the watching companies.

Without a line of credit "the S1 in place" Brent would NOT have received numerous offers to merge or partner with numerous PaaS companies at attractive price points BUT rather the company could fall victim to a hostile takeover.

NO LINE of CREDIT is like no life raft in the pacific eventually the sharks will eat you.

FWIW the CEO has said on many occasions he DOES NOT plan on using ATM "at market issuance" at such grossly undervalued share prices of today.

FWIW Red Diamond has NOT shorted against the S1 that is a FACT as of last week. If another hedge shorted or naked shorted against it I guess that's bullish for all the short theory folks because buying is about to start and I guess the "short" will just have to cover....

The stock WEYL is about to move north very agressively.... The float is dried up the gap will close with one big buyer...

Just maybe that buyer is the company whom plans on merging buying out Weylandtech..

More likely the big buyer will be a fund whom understands how grossly undervalued WEYL is.....

It's happening everything is in place.