Logiq Inc (LGIQ): My two cents: Sales growth is being g...

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Logiq Inc (LGIQ)

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Re: LessIsMore post# 60456

Friday, 04/01/2022 7:42:24 AM

Friday, April 01, 2022 7:42:24 AM

My two cents:

Sales growth is being generated solely through acquisitions
Margin expansion is the only positive in the report, 31% in 4th Qtr versus 29% in 3rd Qtr
Losses continue to mount, 5.3M in 4th Quarter and 20.1M for FY 2021

I'm highly skeptical that "breakeven EBITDA run rate" by end of FY 2022 is possible.

This stock is not investable at this time, the presence of disgraced blogger Chris LaCoursiere causes most to run instead of walking away from a look at this Company.

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