Replies to post #49404 on Logiq Inc (LGIQ)

[West Coast Snapper]

Saw your Twitter post. How is Tencent going to help? Thx

[GoodGuyBill]

Hey Chris,

What's your take on the following S1 SEC filing. When you talked to management a few weeks ago, did they mention it?

https://www.sec.gov/Archives/edgar/data/1335112/000146970918000218/weyls1_121218apg.htm

PRELIMINARY PROSPECTUS
SUBJECT TO COMPLETION
DATED DECEMBER 14, 2018

WEYLAND TECH, INC. 7,000,000 SHARES OF COMMON STOCK

This Prospectus relates to the resale of 7,000,000 shares of our Common Stock, par value $0.0001 per share (the “Common Stock”), issuable to RedDiamond Partners LLC, a selling stockholder pursuant to a Common Stock Purchase Agreement (the “Equity Agreement”), dated November 7, 2018, that we entered into with RedDiamond Partners LLC (“RedDiamond” or the “Selling Stockholder”). The Equity Agreement permits us to “put,” or sell up to five million ($5,000,000) dollars in shares of our common stock, par value $0.0001 (sometimes referred to as the “Capital Call Shares”), to RedDiamond until the one year anniversary of the date of effective date of this prospectus or until $5,000,000 of such Capital Call Shares have been sold.

RedDiamond may sell all or a portion of the Capital Call Shares being offered pursuant to this Prospectus at the prevailing market prices at the time of sale or at negotiated prices.

The total amount of shares of Common Stock which may be sold pursuant to this Prospectus would constitute approximately 16% of the Company’s issued and outstanding Common Stock as of December 7, 2018, assuming that the selling security holders will sell all of the shares offered for sale under this Prospectus.

RedDiamond as the Selling Stockholder is deemed to be an “underwriter” within the meaning of the Securities Act of 1933, as amended (the “Act”) and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within the meaning of the Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Act.

Our Common Stock is subject to quotation on OTCQX Market under the symbol “WEYL”. On November 6, 2018, the last reported sales price for our Common Stock was $1.01 per share. We urge prospective purchasers of our Common Stock to obtain current information about the market prices of our Common Stock. We will not receive any proceeds from the sale of shares of our Common Stock by RedDiamond. However, we will receive proceeds from the sale of shares of our Common Stock pursuant to our exercise of our right to sell Capital Call Shares to RedDiamond. We will pay for expenses of this offering, except that RedDiamond will pay any broker discounts or commissions or equivalent expenses and expenses of its legal counsel applicable to the sale of its shares.

The prices at which the Selling Security Holders may sell the shares of Common Stock in this Offering will be determined by the prevailing market price for the shares of Common Stock or in negotiated transactions.

Our independent registered public accounting firm has expressed substantial doubt as to our ability to continue as a going concern.

Investing in our Common Stock involves a high degree of risk. See “Risk Factors” to read about factors you should consider before buying shares of our Common Stock.

PURCHASE OF THESE SECURITIES INVOLVES A HIGH DEGREE OF RISK. YOU SHOULD CAREFULLY READ AND CONSIDER THE SECTION OF THIS PROSPECTUS ENTITLED “RISK FACTORS” ON PAGES 10 THROUGH 14 BEFORE BUYING ANY SHARES OF OUR COMMON STOCK.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES, OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.