Logiq Inc (LGIQ)

[hometownJOE]

Major pumps cost $100,000 or more. Who is going to pay for that? Normally these pennies have large shareholders with either deep pockets or large amount of free-trading shares who will pay for the pump.

Why would they pay for it? They want to sell some of there shares into the pump. Even with less shares (due to cost of the pump), they still come out ahead if the pump works.

STOA has no one to pay for the pump. Look at the Board Of Directors, mostly VC guys in Hong Kong. They are not going to pay for the pump. And most long time loyal shareholders are so disgusted by their dream turning into a nightmare, no way they would help now.

To make matters worst, new CEO decided to use a PIPE for ATM to get cash out of this dead dog. Sadly, all upticks will be met by ATM selling.