Replies to post #51887 on Logiq Inc (LGIQ)

[LessIsMore]

Please go look at the latest income statement, the Company is losing money and there's no impetus in place to stem those losses.

[exwannabe]

Just wondering

If company has around 40 million in sales
And no debt what is soo bad about that?
Thanks

They are selling low margin services to "associates" and A-Z. And losing money doing it.

Even if the "associates" and A-Z get some real customer sales there is no reason to assume this would be of any value at all to WEYL.

If WEYL wants to prove any of this wrong, they can provide a real disclosure of their finances. The 10-Q/K is pointless when all they are doing is passing cash around under shells.

Maybe somebody will win out like Cognate did.