Replies to post #36482 on Logiq Inc (LGIQ)

[07up]

I'll say. I'm looking forward to a realistic evaluation with a realistic PPS.

[liable]

Please link those audited statements so the rest of us can have a look. Until then, those numbers have no meaning given the track record of this sham.

[Welcome2Pinkyland]

Market Cap of $2,858,055 and profits of $2,600,000 on Revenue of $11,000,000 (audited).


Looks kind of undervalued here.

Yes it does. O/S is 12m with all the shares except 306k restricted.

306k float is super low. Any kind of buying and the PPS will go up quite a bit. my guess is most of that 306k is being held by shareholders that held thru the 1000 to 1 r/S - this they understand the value here- and won't be selling to cheaply, if at all.

$2.6m profit divided by 12m O/S = .216 EPS

Even with a very conservative multiple of 10 the estimated PPS value would be $2.16 - almost a 10 bagger from current PPS.

However, mobile app business is a big growing business and with the ad2 deal on the table - with their 600m registers users- the growth factor should be an aggressive one.

using an aggressive factor of 30 the estimated value would $6.48 PPS

My guess is $6.64 will just be the start. There will be aditional mergers, and higher exchanges- time will tell.

[07up]

The 3rd quarter report should show some good numbers.

[sunspotter]

"Market Cap of $2,858,055 and profits of $2,600,000 on Revenue of $11,000,000 (audited)."

Where do I find the link that shows those numbers are audited (i.e. have been certified by a qualified firm of auditors)?

My own searches have proven fruitless.

Thanks in advance.