Logiq Inc (LGIQ)

[were wolfy]

Just my opinion but they Just said that the earnings are forecasted to be great but they knew that when they issued 40,000,000 shares @ 0.16 in July- August. Now the announcement of a reverse split of 1 to 5 to 1 to 20?
They need the reverse split because the company doesn’t believe that the stock price will reach $3 in the immediate future. At .60 x 5 split = $3 but the only reason the say maybe a 1 x 20 split is because the 0.16 x 20 =$3.20 is more realistic.
Just my opinion because I cannot believe any thing this company says from previous statements buyouts, shorting and why they issued the dividend