Logiq Inc (LGIQ)

[hometownJOE]

e-ore, you're exactly correct on the first part of your post. STOA is buying certain assets in exchange for majority shares of STOA.

After the asset-for-share swap, IRIS becomes the majority shareholder. This is exactly how reverse mergers work.

I buy you and effectively afterwards, you own me.

The only question now becomes (if deal still goes through), with the crash in stock price, how much will the majority percentage be?

Yes, maybe majority meant 51% when the deal was first announced. But now, maybe majority means closer to 99%.

The second part of your post was incorrect, "In my opinion that's the reason for the recent increase in the A/S." An increase in authorize is not the same thing as increase in "issued." They issued shares to the convertibles and they dumped in huge numbers causing a crash in stock price. STOA also used a PIPE to dump shares for cash. Please read the filings. All public knowledge.