GoLogiq Inc (CE) (GOLQ) News

Brent Yee Yee Von Suen is running a possible criminal racket pyramid scheme just dumping money from one pyramid to the next?

He might wind up in jail soon?

Careful?

IMO

Hmmm, I see some known peeps in here. I ended up here because I am investigating a company that took away from GOLQ this acquisition LOI


https://financialit.net/news/fund-management/gologiq-acquire-boutique-investment-manager-bateau-asset-management-providing

Does anyone knows is this one was a fake up ass asset management as well? Any ideas

This is the new Fintech company trying to get access from what Gologiq couldn’t


https://www.otcmarkets.com/filing/html?id=17831677&guid=Z3L-knDWN7NvJth

Any feedback you can provide BAD or GOOD will be greatly appreciated. Negative feedbacks are more valuable in this case than good. I say so because the negative ones are often more clear and straightforward than the good ones. You can see clear the devil within the lines. Bring it folks

Thanks in advance

Put this little man Brent Yee Suen in jail already SEC and stop playing games?


IMO

GOLQ can no longer trade on the OTC. Keep in mind that this is once again another failed production of disgraced blogger Chris LaCoursiere the worldwide leader in failed promos. If people continue to follow this man they will lose 100% of their investment.

The fleas have moved on to his next stock.

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LessIsMoreRe: Porter Laker post# 30
Sunday, April 02, 2023 6:55:39 PM
Post# 32 of 61
When you sleep with dogs you get fleas.

GOLQ lost over $24 Million in 2022 on just over 5M in revenue.
The Company ended 2022 with $35,254 in cash.

No one else liked what they saw, which was a Timothy Alford scam.

More dilution new O/S 63,136,499?

Brents new starting point?

With LGIQ tanking he's going to be taking from here the majority of dilution?

IMO

I really liked what I saw in GammaRay.

Just for you dude!

https://www.otcmarkets.com/stock/GOLQ/security

🚨 $GOLQ

💰0.5350
Pink Current, AS: 200M, OS: 70M, US: 1.2M

Outstanding Shares Updated:
🔴 134,444,000 (2023-09-11)
🟢 70,681,954 (2023-10-02)
Difference: -47.4% (-63M)

Restricted Shares Updated:
🔴 133,213,000 (2023-09-11)
🟢 69,450,954 (2023-10-02)
Difference: -47.9% (-63M)

Chart, OTC Profile, Twitter, @otcupdates

Update: 2023-10-03 03:11:57 (UTC)

Wait there is more.

🚨 $GOLQ

💰0.5342
Pink Current, AS: 200M, OS: 63M, US: 1.2M

Outstanding Shares Updated:
🔴 70,681,954 (2023-10-02)
🟢 63,136,499 (2023-10-09)
Difference: -10.7% (-7.5M)

Restricted Shares Updated:
🔴 69,450,954 (2023-10-02)
🟢 61,905,499 (2023-10-09)
Difference: -10.9% (-7.5M)

Chart, OTC Profile, Twitter, @otcupdates
Update: 2023-10-10 03:44:30 (UTC)

Frankly, I don’t care since I’m not holding any shares. I was looking into them due to the supposed merger between RCRT and GOLQ.

Maybe ask why someone is posting company filing data before acting like a twat!

Yeah sure Hombre, it’s really happening.

Why don’t you read the 10-Q, page 11. But, since you probably won’t here you go.

https://www.otcmarkets.com/filing/html?id=16879381&guid=fpg-knVR-IHvJth

As GammaRey has been unable to obtain and deliver audited financial statements as contemplated by the parties, which financials statements are necessary for required public disclosures by the Company pursuant to the U.S. federal securities laws, the Company, GammaRey and the GammaRey Shareholders have entered into a Mutual Termination Of Share Exchange Agreement And Plan Of Reorganization And Mutual Release (the “GammaRey Termination Agreement”) whereby the parties mutually elected to abandon the proposed business combination and to terminate the Share Exchange Agreement and cancel the GammaRey Shareholder Shares totaling seventy-six million two hundred forty-seven thousand five hundred (76,247,500) shares that were issued pursuant to the GammaRey Share Exchange Agreement. As such, the Company, GammaRey and the GammaRey Shareholders executed a Termination Of Share Exchange Agreement And Plan Of Reorganization And Mutual Release (the “GammaRey Termination Agreement”), dated July 19, 2023. As of the date of this Report, the Company has obtained signatures from the GammaRey Shareholders representing seventy-five million four hundred ninety-seven thousand five hundred (75,497,500) shares and is currently obtaining the requisite personal information and stock powers required to return all previously issued seventy-six million two hundred forty-seven thousand five hundred (76,247,500) shares to Treasury for cancellation.

If your so tuned into the DD, then why dont you make an informative post instead of attacking others?

It's a legitimate question.
It's okay if you don't know, a lot about this merger is unknown.

Who are you kidding?

Isn’t 77M shares coming back from the GammaRey termination?

More dilution new O/S 134,144,000?

Never ends?

IMO

I thought you have to request your restricted shares to be unlocked by sending a letter of approval to the BOD?

It's why the Float number is not just increased.
The Float increases as the T/A gets the approval notice from the BOD. A CEO gets to see who is a loyal investor or not. Sometimes converting is personal. It can get dicey with personal relations.

I could be wrong, but have had convo on this from other CEOs in the past.
You'd think your Broker would guide you through this. You know, those online guys that won't pick up a phone? And if they do, they don't even know what the BID/Ask is.

Looks like they are building a nice house of cards.
The video has big revenue expectations. I'm not sure what to think about the potential.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172532136

$GOLQ - Signs to Acquire Vietnam-Based Payroll and HR Fintech Platform, Symplefy, for $30 Million
Current Price $.72

New O/S 134,127,556? More dilution more Brent Suen?

He never stops selling?

IMO

As predicted share price below $1, much lower prices coming.

GLTA

New O/S 129,877,556 theft? Funneling money from shell to shell?

IMO

Draining LGIQ to fund this loser?

Oh Brent?

How many more shells must be created?

You learn from Mr Biden how this works?

IMO

8-K
As described in the update, all restricted shares of GoLogiq issued in the 2022 spin-off distribution are not currently eligible for restriction removal since the company has not yet met all SEC requirements to permit such removal. The company plans to issue another update press release when such eligibility becomes available, as well as provide instructions for how shareholders may obtain the required legal opinion from the company’s counsel for submission to the transfer agent and the removal of the restriction.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1746278/000157587223000594/golq-20230420.htm

They since have withdrawn the S-3 registration statement.

https://www.sec.gov/Archives/edgar/data/1746278/000157587223000600/gl005_rw.htm

Caveat Emptor!!


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Is CrapLogiq funding LGIQ with dilution or vise versa?

Seems both diluting at a record pace?

IMO

There was a spinoff last year..interm CEO small float

Think logically and realistically...it is a dog eat dog world, and we have no control over it...

Hahahahaha
What kind of silly logic is this ?
If slowly, then who is allowed to sell first ? You? And who to decide? hahaha

And if you are so bullish, releasing the shares will not create any bearish effect.

When the company opens the shares up to sell, it can create chaos for the operation if it is done all at once. When we are able to sell, the shares will be allowed to be sold in a controlled setting IMO. This totally makes sense to me from an operational perspective.

Anyone manages to sell their restricted shares from the spin off $GOLQ?

They also didn't report the truth about the previous Genesis Financial, Inc. GFNL.

This is what they said...
GammaRey includes its wholly owned subsidiary Genesis Financial, Inc. (“Genesis”) which was incorporated in Washington State on January 24, 2002 and on January 26, 2016 it moved its corporate domicile to the State of Wyoming. The Company’s headquarters are in Las Vegas, Nevada. Common shares of the Company were publicly traded on the OTC markets through September 2020 (ticker GFNL). The Company failed to become current with its quarterly and annual reporting requirements with the U.S. Securities and Exchange Commission (the “SEC”), and its stock was delisted after the close of business September 1, 2020.

This is what really happened. GFNL was first suspended by the SEC for failure to file for YEARS... Then they settled with the SEC and agreed to voluntary revocation. Dates don't match up either.

https://www.sec.gov/litigation/suspensions/2020/34-89954.pdf

https://www.sec.gov/litigation/admin/2020/34-90491.pdf


And Tim Alfords name pops up here again.
(4) Tim Alford holds sole voting and dispositive control of these securities. The address of AD Securities America LLC is 445 Park Avenue, Suite 922, New York,
New York 10022
https://seekingalpha.com/filings/pdf/14332100

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Caveat Emptor!!



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Fortunately, I can walk into a home full of fleas, sleep peacefully and not have one bite in the morning. I am staying as a long.

When you sleep with dogs you get fleas.

GOLQ lost over $24 Million in 2022 on just over 5M in revenue.
The Company ended 2022 with $35,254 in cash.

Shares are on a collision course with fair value which is about a penny. This is the same price that shares were issued to "friends and family" who someday soon will be happy to sell for 2 cents for a 100% gain.

GLTY

Going Concern

These financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to support operations, and the attainment of profitable operations. During the year ended December 31, 2022, the Company has incurred operating losses of ($24,254,322) and has negative cash flows of $1,298,027 from operations for the year then ended December 31, 2022. As at December 31, 2022, the Company has a working capital deficit of $2,074,274 and an accumulated deficit of ($24,319,872). These factors raise substantial doubt upon the Company’s ability to continue as a going concern. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern.

https://www.otcmarkets.com/filing/html?id=16517845&guid=bwm-ke_QP5kVV3h#GOLQ-20221231_HTM_a001_005_item2properties




Caveat Emptor



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It was great hearing Brent Suen ("Sun") speak on March 24th being so open to his challenges this past year and the future of Logic, Gologic, and DataLogic. "Stacking" the companies sounds super complex but I look forward to the outcomes and him continuing to be the visionary that he is. I'm really glad to be part of this venture despite all of the obstacles and unexpected timelines. Great things coming. Hopefully all of the "shorting" crooks will be brought down soon. Positive future IMO from a LONG LONG.

Orange County Complaint.

https://drive.google.com/file/d/1jeQp-KCpl4lvS7m8mRAwDKI3W7Vm7T9_/view

Caveat Emptor


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v. GammaRey and Tim Alford. Superior Court California, Orange County. 30-2022-01299498-CU-OE- NJC - ROA #2

Fraud, Negligent Misrepresentation, etc. $500k plus punitive damages.

What lawsuits in Nevada and California?

Tim Alford (Aussie) is a con artist. GammaRey is just another con. He and his partner Doug Post (NJ) company AD Securities America acts as a broker-dealer to access companies and victimize them. He has stolen the identity of a co-worker to attempt to buy a car in Greenwich. He embezzles funds from his clients and borrows funds from unsuspecting girlfriends and investors to fuel his drug use and fake his trust fund lifestyle. Call the transfer agents and most of them know of him and will not do business with him (Globex, VStock, Pacific Stock Transfer). See how many “announcements” he has made that are bogus. He uses them to raise money on the side for himself and con new investors.
He and GammaRey have multiple lawsuits filed; Nevada and California.

https://www.smh.com.au/business/as-one-back-door-closes-another-apparently-opens-20120628-215bv.html

https://www.smh.com.au/culture/celebrity/sydney-socialite-hollie-nasser-s-new-headache-20211222-p59jje.html

(See comments) https://www.ifa.com.au/news/26421-ad-capital-eyes-asx-further-acquisitions

There's an excessive amount of legalese and the devil is in the details. It appears that the preferred vested 25% at issuance (July 26, 2022) and then 6.25% per month until July 26th, 2023 (see bold).

The preferred can be converted starting on "the 18th anniversary of July 26, 2022" (see italics). The million dollar question is "what is their definition of an anniversary"? It could be 18 days or 18 weeks or 18 months, I've yet to see this defined in a filing.

On July 26, 2022, GoLogiq, Inc. (the “Company”) sold and issued an aggregate of 2,000,000 shares of newly created Series A Preferred Stock, par value $0.001 per share (“Series A Preferred”), of the Company to certain members of its management for an aggregate purchase price of $20,000 ($0.01 per share). The Series A Preferred Stock issued to each such member of management shall be subject to a repurchase option and shall vest 25% at issuance and the remaining 75% shall vest in equal monthly installments over a period of twelve (12) months from the date of issuance, provided such person provides continued service to the Company during such period.

Each share of Series A Preferred is convertible, at the option of the holder, at any time and from time to time commencing on the eighteenth (18th) anniversary of July 26, 2022 (such period, the “Holding Period”), into one (1) share of Company common stock (the “Conversion Ratio”), subject to certain adjustments. In the event of a Liquidation Event (as defined in the COD), such optional conversion right will terminate at the close of business on the last full day preceding the date fixed for payment or distribution in connection therewith.

Do they come off of restriction 1 year after they were granted? If not, what is the date they are able to be sold?

GammaRey has a Judgement that needs attention. Timothy Alford and GammaRey was sued by an investor. Tim Alford nor anybody representing Gammarey bothered to show up, for anything.

Judgment for 54,806.60 bucks...

https://investorshub.advfn.com/uimage/uploads/2022/11/16/icwgiGRLT_Hahm_Summery_Judgment.PNG


Caveat Emptor


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Not sure how GammaRey can get into a deal here when they didn’t defend a court claim by George Hahm and haven’t paid. Looks like a Timothy Alford scam, again.

GammaRey is Timothy Alford. Have you seen what is going on over at SMCE hombre? This POS is a scam within a scam.

That low float $2.60 stock is now down over 30% in a week.

I still see it going much lower.

GLTY

2 Million shares at a penny each.

I'd hate to be a buyer today when these penny shares start to come off restriction.

Time will tell, opposite opinions is what makes a market.

GLTY

Projected $50M 2023 Revenue; OS:40M; Float:1M; Restricted:39M
Doing some quick math... Hmmm, let me see... Yeah, a penny/share sounds about right!



“This merger also paves the way to complete a new acquisition target introduced by GammaRey with whom we are in late stages of negotiation,” continued Suen. “We anticipate that its more than $9 billion in managed assets will further strengthen our value proposition to not only prospective customers but also the additional high-value acquisition targets we are pursuing this year. Assuming the completion of certain prospective acquisitions, we are currently targeting more than $50 million in annualized revenues for 2023.”
https://gologiq.com/ir/press-releases/gologiq-and-gammarey-sign-definitive-share-exchange-agreement-for-320-million-merger-of-the-two-fintech-companies/

2 Million shares were sold for a penny each so IMO the stock will descend towards that level.

GLTY

On July 26, 2022, GoLogiq, Inc. (the “Company”) sold and issued an aggregate of 2,000,000 shares of newly created Series A Preferred Stock, par value $0.001 per share (“Series A Preferred”), of the Company to certain members of its management for an aggregate purchase price of $20,000 ($0.01 per share). The Series A Preferred Stock issued to each such member of management shall be subject to a repurchase option and shall vest 25% at issuance and the remaining 75% shall vest in equal monthly installments over a period of twelve (12) months from the date of issuance, provided such person provides continued service to the Company during such period.

Each share of Series A Preferred is convertible, at the option of the holder, at any time and from time to time commencing on the eighteenth (18th) anniversary of July 26, 2022 (such period, the “Holding Period”), into one (1) share of Company common stock (the “Conversion Ratio”), subject to certain adjustments. In the event of a Liquidation Event (as defined in the COD), such optional conversion right will terminate at the close of business on the last full day preceding the date fixed for payment or distribution in connection therewith.

GoLogiq and GammaRey Sign Definitive Share Exchange Agreement for $320 Million Merger

GoLogiq and GammaRey Sign Definitive Share Exchange Agreement for $320 Million Merger of the Two Fintech Companies
As the result of the definitive agreement, privately-held GammaRey brings to GoLogiq (OTC:GOLQ):

*Profitable business with strong cash flow.
*Nearly $800 million in customer financial assets.
*Full-stack fintech ecosystem designed for the New World Digital Economy, including a commodity-backed digital currency, digital wallet, and proprietary transaction platform for securities, goods and services.
*Pipeline of accretive and/or technology-enabling acquisitions.
https://gologiq.com/ir/press-releases/gologiq-and-gammarey-sign-definitive-share-exchange-agreement-for-320-million-merger-of-the-two-fintech-companies/

A low-float $2.60 stock could move about $10 with news!

I'm now a moderator on this thread.

The stock has a fair value around 1 cent so it should be fun to watch over the next year or two.

GLTA