Replies to post #6292 on Logiq Inc (LGIQ)

[cubs]

Yes another STOA move is coming this
week. will take out last week's
high

cubs

[ace65]

Yes nice scenario stervc...added here today.

[sharky]

STOA undervalued and oversold. Correct on every point sterv as usual. Very close IMO.



$STOA

[Roo5guy]

Thats what i was think with the Increase in AS

[bawanyh]

Thanks for all your DD buddy. Starting to feel really good about this. I initially got in because of the chart, but I think I will hang around till end of month to see how this IRIS deal goes through.

[joelu]

EXCELLENT DD!!!

[Drugdoctor]

Outstanding DD post... stervc - Must Read folks...

[hunterj20]

Incredible post. Glad we added more at .0022!!! Bidding .002 also in case of a dip!!!

[seattle1980]

Great DD. Thanks.

$STOA

[exisnet]

Wow... great post.

Thanks

[DiamondFire]

...and stervc: as always, impeccable DD well presented with pictures .... Its why your the best DD artist on IHub!

[Sam'd'Mil]

Awesome DD Sterling~ Me likes STOA even more now :-)

I'll be adding .002s this week~

[Liquid1974]

Great profolio on acquisition players!!..

[ProfitChaser]

Thanks for all your excellent DD Stervc. I have been accumalating for a few weeks around the 002 area. This one looking like it is ready to make a move.

[mick]

on target my friend. very cheap here/under evaluation imo,

[OCKHAM'S RAZOR]

Its for 98% I believe. And IRIS is becoming majority stakeholder (STOA)

How does STOA have enough to buy IRIS?


Seems like you have it reversed..unless you can explain..

TIA

[golong22]

The increase in the AS has me concerned tho

[balamidas]

Sterling and ALL ,here is the clarification :


IRIS has 6 subsidiaries

http://www.iris.com.my/

and the biggest part of their revenues comes from the waste-to-energy one

and looks like they want to focus on the waste -to -energy direction and Renewable Energy businesses that represent the biggest part of their revenues

so they choose to merge with STOA for that matter

frome the letter of intent with STOA:

"IRIS and Sitoa, both of which are technology companies, identified the Waste-To-Energy and Renewable Energy businesses as a growing and timely priority and thus appropriate to be acquired by Sitoa because they could potentially achieve an attractive valuation on a U.S. Stock exchange, enhance shareholder value, attract growth capital and expand its business."

on the other hand they could sell the other units to whoever they want

thus the letter of intent with DMPD that does not include waste -to-energy in it but only certain assets

many holding companies sell unwanted units and focus on the most lucrative ones

and STOA is the one involved with the WASTE-TO ENERGY and Renewable Energy businesses letter of intent


STOA transfer agent confirmed 264 million shares yesterday

watch for a big run here


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

[balamidas]

MUST READ MONSTER MERGER DD by all >>>


the deal :


on 25 Feb,2013

Iris’s new waste-to-energy plant in Phuket a revenue churner


The investment is through its newly incorporated company in Hong Kong, Regal Energy Limited, which owns 65% of equity shares of the newly-formed joint-venture company, Weinan IRIS Envirowerkz Zhouji Renewable Resources Co Ltd.


plant expected to generated gross annual revenue of between RM55 million (US$17.71 million) and RM60 million based on current load. -

http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.ktdup5Wp.dpuf






and on 18 March ,2013


Sitoa Global Signs Letter of Intent with IRIS Corporation Berhad


"IRIS and Sitoa, both of which are technology companies, identified the Waste-To-Energy and Renewable Energy businesses as a growing and timely priority and thus appropriate to be acquired by Sitoa because they could potentially achieve an attractive valuation on a U.S. Stock exchange, enhance shareholder value, attract growth capital and expand its business."


merger expected to close before June 30

The following is from STOA news:

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 (the "IRIS Renewable Energy Business") 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 terms of the acquisition will be more particularly set forth in the Definitive Agreements to be mutually agreed upon by the Parties and the acquisition expects to be completed by the end of the Second Quarter, 2013.


and before June 30 MERGER coming ...


STOA website showing:"FUTURE HOME OF SOMETHING COOL"


it is coming ...

http://www.sitoaglobal.com/




STOA transfer agent confirmed 264 million shares yesterday



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



watch for a big run here(multiple pennies)

and

the MERGER/ACQUISITION news on IRIS page on Businessweek

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

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



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

[MDPennyPlayer]

No later than June 30th. Perhaps they didn't want to drop a PR on a slow trading holiday week. Staying tuned for this upcoming week.