Logiq Inc (LGIQ)

[LessIsMore]

Company caught lying to investors.

Watch how the Company "reiterates" 2022 Guidance but they make a change from prior guidance.

Q1 Guidance:
The Company projects annualized revenues for fiscal 2022 to be in the range of $40 million to $50 million.

Q2 Guidance
The Company reiterates its annualized revenue projections for fiscal 2022 to end the year in the range of a $40 million to $50 million run rate

Q1 Guidance was for revenues in the range of 40 to 50 Million
Q2 Guidance is to "end the year" with a "run rate" of 40 to 50 Million

"End of Year Run Rate" refers to Q4 revenue. If Q4 revenue exceeds 10 Million (run rate of 40 Million) this will achieve their "updated" Q2 Guidance EVEN IF actual revenue for FY 22 is well below 40 Million.

This is another disaster brought to you by disgraced blogger Chris LaCoursiere, the worldwide leader in losing investors money.