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GoLogiq Inc (CE)

GoLogiq Inc (CE) (GOLQ)

0.15
0.00
(0.00%)
Closed July 20 4:00PM

GOLQ Discussion

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JWales JWales 4 months ago
No one else liked what they saw, which was a Timothy Alford scam.
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laraz5 laraz5 8 months ago
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
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fink fink 9 months ago
I really liked what I saw in GammaRay.
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Gnarlyman Gnarlyman 9 months ago
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)
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Gnarlyman Gnarlyman 10 months ago
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!
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JWales JWales 10 months ago
Yeah sure Hombre, it’s really happening.
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Gnarlyman Gnarlyman 10 months ago
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.
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fink fink 10 months ago
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.
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JWales JWales 10 months ago
Who are you kidding?
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Gnarlyman Gnarlyman 10 months ago
Isn’t 77M shares coming back from the GammaRey termination?
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laraz5 laraz5 10 months ago
More dilution new O/S 134,144,000?

Never ends?

IMO
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fink fink 11 months ago
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.
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fink fink 11 months ago
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
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AJ Freely AJ Freely 12 months ago
$GOLQ - Signs to Acquire Vietnam-Based Payroll and HR Fintech Platform, Symplefy, for $30 Million
Current Price $.72
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laraz5 laraz5 1 year ago
New O/S 134,127,556? More dilution more Brent Suen?

He never stops selling?

IMO
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LessIsMore LessIsMore 1 year ago
As predicted share price below $1, much lower prices coming.

GLTA
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laraz5 laraz5 1 year ago
New O/S 129,877,556 theft? Funneling money from shell to shell?

IMO
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laraz5 laraz5 1 year ago
Draining LGIQ to fund this loser?

Oh Brent?

How many more shells must be created?

You learn from Mr Biden how this works?

IMO
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tdbowieknife tdbowieknife 1 year ago
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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laraz5 laraz5 1 year ago
Is CrapLogiq funding LGIQ with dilution or vise versa?

Seems both diluting at a record pace?

IMO
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buccaneer1961 buccaneer1961 1 year ago
There was a spinoff last year..interm CEO small float
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Porter Laker Porter Laker 1 year ago
Think logically and realistically...it is a dog eat dog world, and we have no control over it...
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Nickyyyy Nickyyyy 1 year ago
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.
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Porter Laker Porter Laker 1 year ago
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.
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Nickyyyy Nickyyyy 1 year ago
Anyone manages to sell their restricted shares from the spin off $GOLQ?
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tdbowieknife tdbowieknife 1 year ago
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

.


Caveat Emptor!!



..

.
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Porter Laker Porter Laker 1 year ago
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.
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LessIsMore LessIsMore 1 year ago
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
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tdbowieknife tdbowieknife 1 year ago
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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Porter Laker Porter Laker 1 year ago
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.
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tdbowieknife tdbowieknife 1 year ago
Orange County Complaint.

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

Caveat Emptor


..

.
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threalapk threalapk 1 year ago
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.
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JWales JWales 1 year ago
What lawsuits in Nevada and California?
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threalapk threalapk 1 year ago
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
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LessIsMore LessIsMore 1 year ago
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.
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Porter Laker Porter Laker 1 year ago
Do they come off of restriction 1 year after they were granted? If not, what is the date they are able to be sold?
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tdbowieknife tdbowieknife 1 year ago
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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JWales JWales 2 years ago
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.
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JWales JWales 2 years ago
GammaRey is Timothy Alford. Have you seen what is going on over at SMCE hombre? This POS is a scam within a scam.
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LessIsMore LessIsMore 2 years ago
That low float $2.60 stock is now down over 30% in a week.

I still see it going much lower.

GLTY
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LessIsMore LessIsMore 2 years ago
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
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JamesE_ JamesE_ 2 years ago
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/
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LessIsMore LessIsMore 2 years ago
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.
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JamesE_ JamesE_ 2 years ago
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/
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JamesE_ JamesE_ 2 years ago
A low-float $2.60 stock could move about $10 with news!

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LessIsMore LessIsMore 2 years ago
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
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LessIsMore LessIsMore 2 years ago
99+% of Company assets are non-tangible assets:

Intangible Assets, net $25,000,000
Goodwill $7,500,000

Total Assets $31,792,401

https://www.sec.gov/ix?doc=/Archives/edgar/data/1746278/000121390022072422/f10q0922_gologiqinc.htm
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LessIsMore LessIsMore 2 years ago
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 nine months ended September 30, 2022, the Company had service revenues of CreateApp in the amount of $5,277,379 and had negative cash flows from operating activities. As of September 30, 2022, the Company had an accumulated deficit of $(2,780,149). 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.
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LessIsMore LessIsMore 2 years ago
GOLQ closed down 42% today on 38X average volume. These 1 cent shares will eventually start hitting the market.
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LessIsMore LessIsMore 2 years ago
Insiders purchased shares at 1 cent (Series A preferred). 2,000,000 shares for purchase price of $20,000 equals 1 cent per shares. Shares converted 1 for 1 to common stock.

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.
👍️0

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