Logiq Inc (LGIQ)

[stervc]

Huntewr7, here with STOA...

Yes, I have done a lot of DD on STOA and this acquisition/merger with IRIS Corporation Berhad ("IRIS"):


http://www.iris.com.my/

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=0010

When I get a chance, I will get around to updating the IBox or I might wait just a little while longer until we see a little more announced. I am expecting a website update any day now:
http://www.sitoaglobal.com/

The deal is very real and legit. I must say that I am a little surprise of the lack of interest still for now as IRIS has delivered "audited" financials and done by one of the best and largest CPA firms in the world. To add, STOA trades on the OTCQB which means that STOA files ”audited” financials and files regularly with the SEC:

http://www.otcmarkets.com/stock/STOA/company-info


IRIS is legitimately generating well over $150,000,000 in Revenues and with over $13,000,000+ in Net Income and is still growing as I expect for these numbers to get larger. All of this can be confirmed below within their recently delivered ”audited” financials:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=AR&company=0010

Because of their continued growth, such is why I believe they want to enter into the US Markets.

There's a little bit of dilution that exists that was in place a while ago from some convertible debentures, but it wasn’t a lot from what I can recall. With a deal like this, I saw the little dilution as a blessing in disguise because it only gives some a little more time to keep quietly accumulating more cheap shares for investors that have confirmed IRIS and the deal. I think the companies are aware of this which is why I think that we are not the only ones who have been quietly accumulating too (in my opinion).

Something else important to note is that IRIS Corporation Berhad won the prestigious annual PRIME MINISTER CSR Community & Social Welfare Award upsetting General Electric (GE) who won the award the year prior in 2011:

http://www.iris.com.my/csr.html


GE confirmation of winning the award in 2011:
http://www.anugerahcsrmalaysia.org/2012/10/08/malaysian-csr-award-winners-to-be-honoured-on-oct-12-2012/

v/r
Sterling