Logiq Inc (LGIQ)

[hometownJOE]

STOA has a rich history with once fertile soil. They were going after big box companies like Best Buy, Target and etc. Search engines with back office support have thin margins. Even with tens of millions thrown into it, STOA couldn’t make it. VCs came to rescue it from the mouth of BK by throwing in their money behind it. They too yielded poor crop from this field of dreams.

Sadly, now STOA is nothing more than a shell for oversea players moving around assets pretending to be global shakers under an America public banner. What will become of the old e-commerce engine? I am sure a few of the VCs will get that as their consolation prize.

History. Interesting read.