Logiq Inc (LGIQ)

[balamidas]

CONFIRMATION from IRIS corp page on Businessweek >>


they have the merger listed under their MERGER/ACQUISITION page


Transactions by IRIS CORP BHD (ICB) in the last 6 months




http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=ICB:MK



Announced 03/18/13

Iris Corporation Bhd., Renewable Energy and Waste-to-energy Assets
Merger/Acquisition

Sitoa Global Inc. (OTCPK:STOA) entered into a letter of intent to acquire renewable energy and waste-to-energy assets from Iris Corporation Bhd. (KLSE:IRIS) and other third parties on March 18, 2013. Sitoa Global Inc. entered into a letter of intent with IRIS Corporation Berhad, the owner of certain selected waste-to-energy assets; and other renewable energy and waste to energy pipeline project assets, owned by third-party owners and with whom, IRIS will secure appropriate agreements to these projects, technologies, rights and obligations in respect of a proposed transaction, in which Sitoa will purchase IRIS renewable energy asset plus waste-to-energy assets owned by other third parties, in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The acquisition expects to be completed by the end of the second quarter, 2013.







STOA transfer agent confirmed 264 million shares this week



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88970924



watch for a big run here(multiple pennies)


the STOA/IRIS corp merger is about very very very big dollars >>>


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89037150



with the STOA merger valuation,

IRIS corp is building with STOA a huge waste -to-energy company

and we know that plant that will supply the New company after the merger is expected to generated gross annual revenue of between RM55 million (US$17.71 million) and RM60 million based on current load. - See more at: http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.UyMoG4yz.dpuf

a company generating around 18 million $ in revenues worth at least 4 times that in market cap around 80 million $




and

we have confirmed this week an O/S of 264 million with the TA


so if we inject that value in STOA onm the actual SS logically

80 million$ /264 million shares =0.30 price per share

but i am not taking in account yet the shares to be added for the acquisition


However, if they create/issue Preferred Shares to exist as the controlling interest with non-dilutive measures taken by having the Preferred Shares to be converted on a “1 for 1 basis into common” (which would never be converted to keep from losing the controlling interest) with a 1 for ??? (whatever ratio determined) basis amount for votes to cover 51% or greater of the votes, then the OS can remain the same at 264 million shares which would enhance its valuation since the lower the OS is… the greater the valuation of the stock/company will be.


from STOA PR:

"IRIS will become the majority shareholder of Sitoa as a result of the share exchange"


those 0.25/0.30 are inplay with STOA