Logiq Inc (LGIQ)

[Coldspringharbor1]

LGIQ earnings announcement will start the dominos below.

Only 13.7m shares are tradable 7m are restricted shares issued for acquisition Rebel and Fixel AI.

https://www.otcmarkets.com/stock/LGIQ/security

I agree it will move quickly back to a fair valuation north of $10/share then institutional buyers will set value to peers north of $22/share.

Of course none of this factors in estimate 3m shares naked short with a prime broker average call in price of approximately $9/share. Could run to $100/share for a couple days on short covering if institutional buyers come in.

Remember WNW went from $5 to $160/share for two days on short covering and they have 1/4 the TTM revenues and double OS. Chris wrote about that squeeze in this article.

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

Look at the 52 week range WNW here.

https://www.bing.com/search?q=wnw&cvid=fcd15450310f4c8a9f0d802250a0fade&aqs=edge..69i57j0l6.2011j0j1&pglt=43&FORM=ANNTA1&PC=U531

From Chris's article.

"A recent example of an E-commerce IPO, albeit with a fraction of the revenues of Logiq was Wunong Net (WNW), the IPO took place in mid-December 2020. Wunong Net IPO was $30 million priced at $5/share, Wunong Net sells non-GMO foods and has trailing twelve month revenues of only $8m. Here's the amazing part; International investors piled into Wunong Net mostly from China , and subsequently Wunong Net stock ran up 3,000% over its first few days of trading to a $3b market capitalization, and reached $150/share. Today, Wunong Net trades at a more reasonable $500m market capitalization or 25X forward revenues projections. "To put the opportunity at hand in perspective one needs to realize Logiq trades at 2X revenues and peers in the E-commerce PaaS space trade on average 30X revenues." Today, investor's should realize these international "exchange" investors will be able to invest in Logiq upon listing on the NEO IPO if they view the stock is investment worthy."