Logiq Inc (LGIQ)

[Coldspringharbor1]

There has been a buyer over past two weeks patiently bidding allowing nakedshort to hit their bid. After reviewing trades I believe what we have is a short covering ahead of IPO catalyst and the sellers are nakedshort digging deeper into potential financial destruction.

Realize NEO is primarily an institutional Exchange IF firms see a valuation disconnect they bid up the valuation of Logiq stock share price to a fair valuation. Understand after IPO there will be approximately 20m outstanding shares at a valuation of one half peers trading multiple LGIQ would be valued at 400mm MC or $20/share.

Documented short position in article estimate 5m nakedshort today. No one knows how high a stock can go on nakedshort force buyin by prime brokers. WNW moved 3000% a week after IPO on nakedshort covering their position.


https://seekingalpha.com/instablog/984807-chris-lacoursiere/5536452-e-commerce-pre-ipo-logiq-deep-value-opportunity-part-2

https://seekingalpha.com/instablog/984807-chris-lacoursiere/5549436-wallstreetbets-reddit-alert-is-logiq-stock-gamestop-2_0