Logiq Inc (LGIQ)

[ChevreNeuf]

“ While most of these splits are perfectly legitimate, some are used in stock manipulations, law-enforcement officials say. By shrinking the number of shares held by outsiders and issuing new shares to confederates, securities crooks can gain firmer control of a company. In one recent stock-manipulation case in New York federal court, several individuals were convicted in connection with a stock fraud involving reverse splits, says Mark Ressler, the prosecutor on the case. At a recent conference on securities regulation, Jacob Frenkel, a former Securities and Exchange Commission attorney, said reverse splits have become a "common characteristic" of manipulations.”

https://www.wsj.com/articles/SB911521071116733500