- Logiq has been destroying value since its inception as a potential "car door manufacturer". The company has chronically reinvented its business, changed its name, and reverse split the stock.
- A paid stock promotion curiously gets put into overdrive after Logiq shares are issued to ConversionPoint Technologies.
- Heavy promotion has temporarily bolstered the share price, but, in my opinion, the company should be worth a fraction of current elevated levels.
For further details see:
Logiq, Inc.: Paid Stock Promotion Coincides With A Curious Merger - Price Target Of $4.00, 55% Downside