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rich2
And the pattern of big sells and small paints not bullish imo
Rich2 Shares traded at the bid and the asked price:
Date
Timestamp
Price
$ Change
Volume
09/25/2024 11:10:26
0.0045
0.00 10,000
09/25/2024 11:08:56
0.0043
-0.00 259,823
09/25/2024 11:08:27
0.0044
0.00 85,059
09/25/2024 11:00:40
0.0044
-0.00 46,000
09/25/2024 10:26:27
0.0045
0.00 74,444
rich2 How is it possible to buy if there is no selling??? Trades have happened at the asked price. The asked price was lowered from $ 0.0045 to $ 0,0044. Then there was a trade at the latter price. The bid remained a measly $ 0.0043.
kym The second issue you raise was discussed I think some months ago. Boiler Master far from agrees with you as far as I remember. I forget the details but I suspect the situation is not as bad regarding dilution as you suggest.
fade At least I regard the information/assertion as interesting. This information looks more spedific than past information/assertions.
What makes t his post unconvincing:
"2. Nasdaq Uplisting: Management has made it clear that their goal for 2024 includes uplisting to the Nasdaq. This milestone, once achieved, is expected to significantly elevate the company’s visibility, potentially driving new investors into the stock.
3. Expanding Business Divisions: Beyond telecommunications, iQSTEL is making strides in emerging technologies like IoT, electric vehicles (EV), and even the Metaverse. These new revenue streams provide additional growth avenues that aren’t yet fully appreciated by the market."
The goal is for uplisting this year. There are just over 3 months to go. The pps will have to jump more than 1,000% for this to happen or there will have to be a reverse split. There is no assessment of the chance of this happening. Are there any significant new revenue streams?
oldman I think this is positive news. I am not always negative.
gshores
"Common stock $ .0001 Par Value
5,800,000,000 authorized 5,799,910,503
579,991 549,591
issued and outstanding at June 30, 2024
And 4,990,100458 at December 31, 2023."
gshores "Point there has been zero dilution. their are no convertible notes to convert so no dilution." You are a quibbler. There has been dilution since the sharecount is up.
ghsores You had two points. One of them is false. The O/S has increased this year too.
gshores From the quarterly report from the second quarter: "Short-Term Business Loans 728,950". The loss for the quarter was roughly 600,000 dollars.
gshoes "remember spzi has zero debt" If my memory does not fail me this is a lie. Where have the money to pay for expenses come from so far?
BM My hunch tells me that a projection three years into the future in this case is not much more than a sheer guess. If you go three years into the past and try to present a similar projection for this year what would it have been? I suspect that it would have been much better than the reality today. But if you believe in your own projection I understand that you are very optimistic. Based on a number of posts about the past few years that I have read I assume that it is realistic to expect that the future will be way less successful than you expect it to be. But there is of course a certain chance that things may change drastrically for the better. I have seen the pps drop by about 50% since my first purchase of shares in this stock despite the fast growth in revenues. This shows that the stock market dues not by your very bullish expectations.
I sggest that those who disagree with me regarding the recent interview with management listen to what they stated. I regard their performance as weak. It looks as if the biddders agree with me:
"GTSM 0.1627 10,741 11:12
CSTI 0.162 10,000 10:36
CFGN 0.162 5,000 09/17
CDEL 0.161 5,478 11:13
INTL 0.161 5,000 11:13"
BM Your assumption is false. It was based on net earnings of 3 million dollars. That is way above current profitability if the company is currently profitable at all. What sort of net earnings do you expect for 2025?
I listened to part of the interview. I was not impressed by the performance of management. What is positive is that the company will try to expand the sms business that has better profit margins than the voice business. If I did not misunderstand the hope is to improve the bottom line by two million dollars this way. I did not hear the time frame. Assuming net earnings of 3 million dollars,185 million shares and a p/e ratio of 20, the stock price wo uld have been about 35 cents. That is very far indeed from 2 dollars, which is the minimum requirement for a NASDAQ listing.
Xman Is it a small swing when the pps is down more than 20% in two days?
gshores My guess it will take a long time before this stock is uplisted if it ever happens. Time will show if your prediction comes true.
gshores It is in my view so much nonsense that contracts will be delivered almost a year after they were allegedly fully executed.
It is possible to adopt a balanced stance to SPZI. We will learn in November the cut of what seems like a real deal right now and if there are more similar deals in coming months. This does not mean that past scam contracts become real. There may be a chance that this company may justify the current market cap in some months.
gdhores It is this trade that looks real. This has no implications regarding all the executed contracts that have turned out not to be real.
To me this looks interesting. So far it looks real. That is perhaps what is most interesting.
vinsterr I see. Even Americans with English as their first language make lots of elementary mistakes too. I have been a teacher of English. I am 82 years old now.
It is interesting that the interest is as low as about 5% regarding the loans.
LVerstee I did not know that Solomon took millions of dollars abroad. But I know a rich Norwegian and some others sued him. My impression is that it resulted in nothing. I did notfully trust Solomon.
LVerstee I forget where I found ITUP. If it was RD he has stated I think he was made aware of this stock by a very smart investor who recommended AT Ameritrade to me. I have followed RD for more than a decade. I am aware of his strong and his weak qualities. I am convinced he believes in the companies he recommends. The same goes for me. Nobody knows the future. Enron and Arthur Anderson show that highly reputed companies can go down the drain. It is far from a documented fact that RD took me and others for a ride. I just looked up to be quite sure what it means to take a person for a ride. I am convinced that he did not take me for a ride. It was hardly a given that SIAF would end as a total failure. The leader whom I met when he visited Norway (the stock was quoted in Norway for a short period) made two very bad and big investments (a butchery) and he did not ascertain that the water he was to use in big quanties when he started a very big project to raise fish and prawns was clean. It was not. Moreover, he increased the sharecount by almost 10 times as far as I remember to serve as a bank to give credit to Chinese farmers who were unable to pay for what they bought from SIAF before they had sold what they produced. The problem was that the stock price was very low in relation to profits and this meant a lot of dilution.
I don't know what you mean to be in on it. I have received nothing in return for my investments so far. Based on what I have read I assumed and still assume there is a fair chance that my staking a good deal of money on Laxmi will work out well. He has impressed me a lot in various ways. But his strong feelings run away with him at times, which is not beneficial for himself and for his businesses.
LVerstee I am surprised if you have access to what is published on Telegram. I have had the impression that this is not an open channel but a place where secrets can communicated because only a select group of people use it.
It is true that Telegram exists as a closed forum for business secrets. That may serve for a private business with few stakeholders but hardly for business that plans enormous expansion. It is a backward-looking approach.
RD Then updates should at least be given in e-mails. I agree that it is hardly a good idea that discussion of what is happening is carried on the way it has been in this kind of forum. But in my view the sort of updates that companies publish for instance on Yahoo finance and other similar fora should be published here. That does not have to mean that the company will engage in a subsequent discussion of the update.To my mind it makes little sense that big banks distribute a lot of tokens at the same time as mycow acts the way of a private company with just a few shareholders often acts. The approach you mention is backward-looking rather than forward-looking the way I see it. Aristotle was a supporter of the golden mean in contradistinction to Plato. In this context I go for Aristotle's approach.
RD Then they are way bigger than the biggest bank in Norway that did not allow me to wire 5,000 dollara to purchase tokens in Ibank. I wonder what their reaction will be if/when they learn the identity of these banks.
RD Don't ask him. Not long ago he stated that he thought the time had not come yet. Right now I think there is no need for us to know. The situation is what it is. We stakeholders may have various degrees of confidence but right now we have few choices to make I think.
RD "They are 3 very very very large European banks." The very fact that Laxmi has been in contact with them for so long is the way I see it a very strong indication that they take him very seriously. Once their identities are well known it should be a quantum leap as far as investors' attitudes to the tokens are concerned.
RD I just referred to the numbers under stable coins and the numbers under SIRI tokens. After one year the former are 746,946,000. The latter are 79,264,000.
modes Right now thare are several posters here who assert that the tokens are worthless and that Laxmi is running a scam. We don't know the identities of the big European banks he is working with. But once it is possible to buy the tokens from the European banks those who do so will know the identity of the bank they buy from. The names of the banks will become known. This will greatly enhance the reputation of Laxmi and the tokens will be much more credible. Therefore currently a lot seems to hinge on these banks selling tokens to their customers. I hope this helps.
Very interesting RD. I notice that the SIRI tokens can be expected to be very valuable after one year. The second thing, which is more or less what I was interested in but raised the issue in a clumsy way is the relationship between the value of the stable coins. I have not seen that question elucidated before. I am surprised to see that using the same criteria the value of the stable coins can be expected to have a value of almost 10 times the value of the SIRI tokens. I understand why the banks are very enthusiastic about the stable coins.
RD It strikes me that mycow and Laxmi should be largely out of the woods once the large European banks start selling the tokens. After that their identities can hardly be secret. I assume it will be hard to convince them that the tokens are worthless.
Dear Laxmi,
My view is that we will be best served if you continue as CEO until at least 50 million dollars have been transferred from Hong Kong to those who are to receive that money. It is high time in my view that mycow is able to engage and pay in normal money as many employees as are needed to run the business in a normal way. My impression is that up to now the organisation has been very undermanned. Longer term it may be a good idea to have Likhitha take over as CEO. I have the impression that she is very good at communicating with people. I doubt that it served your interest to engage in mud-slinging to the extent that has happened recently.
RD The situation being what it is it is my choice for the time being. In the future I may send them in the mail. I remember I had to have the aid of somebody else to have the documents scanned so that I could return them signed by myself. It was a hassle when I had to do it fast. Right now there is too much uncertainty for me to handle what you advise me to do.
Dear Laxmi, I don't know if other Norwegian banks are any better. I know that another bank where I have an account has been in trouble in relation to unclean money. One thin that might ameliorate the situation is if there is not just one fairly big transfer of money but several smaller transfers of money. The transfers may look less suspicious if they are smaller.
RD I see little reason doing that as long as I have received no e-mail from mycow detailing the information I should provide (which verticals or tokens). I received such information regarding the W-8BEN I have sent. I am prepared for a reduced transfer of money because of taxes withheld in the USA. To me it looks somewhat arbitrary which the "dividend" is related to. I just have two sorts of tokens in my digital wallet. I think I have sent the W-8BEN for those.