Replies to post #52262 on Logiq Inc (LGIQ)

[Diamondjim61]

READ THIS!!! TELLING IT LIKE IT IS!!

Thanks Ex... repost so I can sticky.

First and foremost. WEYL does most business with "associates" and A-Z. There is zero visibility into how related these are to WEYL.

As far as growth in revenue. They had a one time jump last summer when they spun off A-Z. They added about $4M/q to revenue, but at the same time added about $4.5M/q to cost of sales. I.E., they have friends they are selling contract services to at below cost.

WEYL loses money. Even if there "preliminary" results show some pro-forma profit, it will not be there on the audited year end results.

WEYL had 37M shares outstanding on 1/1/2019. Today, 99.6M. Most of these were sold at over a 50% discount to market. Were they also "associates"?

WEYL claims they are building something but talking up A-Z. But they do not own A-Z, and A-Z can dilute them (and the dividend holders) to nothing, as they have done in the past.

And the divi play was a clear flag of a scam. When a company sells stock to the public while saying they are going to force a short squeeze, you should know it is a pure play scam.

Is that enough?

[Diamondjim61]

I also texted your analysis to Brent Suen.

I find it spot on.

OK, Money, here goes.

First and foremost. WEYL does most business with "associates" and A-Z. There is zero visibility into how related these are to WEYL.

As far as growth in revenue. They had a one time jump last summer when they spun off A-Z. They added about $4M/q to revenue, but at the same time added about $4.5M/q to cost of sales. I.E., they have friends they are selling contract services to at below cost.

WEYL loses money. Even if there "preliminary" results show some pro-forma profit, it will not be there on the audited year end results.

WEYL had 37M shares outstanding on 1/1/2019. Today, 99.6M. Most of these were sold at over a 50% discount to market. Were they also "associates"?

WEYL claims they are building something but talking up A-Z. But they do not own A-Z, and A-Z can dilute them (and the dividend holders) to nothing, as they have done in the past.

And the divi play was a clear flag of a scam. When a company sells stock to the public while saying they are going to force a short squeeze, you should know it is a pure play scam.

Is that enough?