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This is the exact kind of company Stratton Oakmont would recommend.
Auditor quote from most recent 10-K SEC filing, " our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern. As a result, there is an increased risk that you could lose the entire amount of your investment in our company." Page 6-7. I tried to warn you many times....Pink sheet garbage
Until it doesn't and winds up back @ 6 cents a share. #pinksheetproblems. I recall the carrot dangle of NASDAQ last year that never happened. Blamed on Covid while other companies went public on that exchange. delusional.
The Salamanca press sounds like a reliable source of information. I heard it on Reddit!
I have no sinister plan to drive the stock down. I really hope all the investors on here get wealthy beyond your wildest dreams. However, what concerns me about this company is the lack of customer reviews on any of there products or services. The lack of reviews of the company from any credible sources. I want to believe in this company but something doesn't smell right. I hope I'm dead wrong and this is a legit opportunity. Best of luck everyone.
Last year, the promise of an up list to the Nasdaq was the catalyst for a spike in price to 50 cents. It very quickly came back down to below 10 cents when we realized it wasn't going to happen. Covid 19 and the lock down was given as the excuse, but the reality is that this company simply didn't qualify and will NOT until the share price reaches $4. That is a huge stretch from it's current price and extremely difficult being on the lowest level(Pink Sheets) of the worst exchange(OTC). Ask yourself an honest question. Would YOU currently pay $4/share for this company all things considered? Assuming of course all the "News" we are getting is not fiction.
Boomer. You can't substantiate anything they say IS true. You do not use there services or know anyone who does. Pink Sheets are an unregulated market. SEC will do nothing if they lie about anything. They could say we did a billion dollars in revenue this quarter and no penalty would occur.
This pump and dump, scam, diluted shell company will be right back to .08 cents where it belongs in no time. Sorry new bag holders. You got duped. Pink sheet penny stock strikes again!
Glad I dumped the last of my shares in this turd @ .09 cents. 1% gross profit margin? Are you kidding me?! If you want to be in a legit fintech company, look @ STNE on the Nasdaq. They are the Square of Brazil and Warren Buffet's company Berkshire Hathaway owns 10% of it. Stay out of pink sheets. They are all garbage. I know it's tempting to get so many shares cheap with the delusions of making millions from a penny stock but statistically it rarely happens and certainly not with this scam of a company.
Pink sheets are an unregulated market with no repercussions for spreading fake news. SEC won't touch it. There is no credible company giving information on this fake company and no reviews by anyone, anywhere on the use of any of there so called products or services. It's all a fabrication. You want to buy cheaper shares just so you can pump and dump it when it goes up 3 cents a share. Rinse and repeat. You know this to be true and simply hate me for exposing you and every other scum bag on here.
Are people really excited about a partnership with another pink sheet company trading @ literally 1 penny?! Are you also taking the evaluation of a BS company that tries to ride on the name of Goldman Sachs?! Keep drinking the Kool Aid...IQST will keep dangling the carrot up Nasdaq up list and never deliver. This is a typical pump and dump pink that others in here are trying to unload on some other poor bag holder. Buyer beware.
See you back @ .06 cents Pumper
https://www.creators.com/read/taking-stock/12/13/wrong-goldman
Always consider the source when buying a stock. Especially a pink sheet.
The next 10Q quarterly report should be out by the first 2 weeks of November. From what they are hinting at now, it should be just over $13 million gross and hopefully show a net profit again. Until then...
I got a similar response from similar questions I posed. They also indicated they need to maintain over $1/share price for a certain period of time in order to qualify for the Nasdaq. I'm going to hold on for another 6 months, see what happens and then reevaluate. I'm still a bit skeptical, but I can afford to risk a few thousand dollars that may pay off 6 figures in the future.
The "company" is not doing anything other than diluting the shares by offering their lenders stock for debt at a 60% discount. The lenders are simply dumping the shares on the market to recoup their money with a nice profit. That is the reality of what's happening. Read the 10Q. Iqstel needs to show at least 2 more quarters of top line growth and profitability as well as an up list to the Nasdaq to be taken seriously.
Technically, the only requirement not met by IQST to up list to Nasdaq is $3/share
https://investmentbank.com/nasdaq-listing-requirements/
Why have they not announced a specific earnings date? They just released last quarters earnings 6 weeks ago. Aren't earnings supposed to be quarterly?
They need to up list to the Nasdaq ASAP. They can't do that unless they are at $3 which would give them a market cap of $300 million. They won't reach that until they double their revenue to at least $100 million/year, unless they do a reverse stock split. The other problem is the current market cap is $7 million and they have $11 million of debt. Hopefully they are on the right track to turn it around in the next 4 quarters.
This is a high risk, potential high reward stock. This should be a small position in your portfolio. I need at least 2 more quarters to see if they continue to make progress. QGlobal is there primary revenue source but wondering how it competes with Whatapp and FB messenger? BChain and Smart Gas are interesting but are not currently generating any income and no indication as to when they will. We shall see...
The details of the most recent 10Q I found most pertinent were:
Asset to debt ratio is approximately 5.2 million to 11.3 million. More than double.
Gross profit in the US was -$300K compared to Swiss Revenue which was about 11.64% positive at $140K. Overall this gave them a gross negative profit of $160K. Is this negative revenue in the US just this quarter or will it persist in subsequent ones? We shall see...
Quarterly over head is about $3.75 million a quarter or $15 million annually (including debt service). They claim the new QGlobal SMS will produce a gross profit of 12% and an additional revenue of $30 million/year.
Assuming they are operating a profit margin of 12%, they would need to Gross $125 million dollars a year just to break even.
The current market cap at 100 million shares outstanding is $7 million.
IF they can survive the next year and grow revenue and improve the bottom line, they have a chance IMO. However, it will be a few years before they can uplist, unless they triple revenue in 2021. I'm giving them a year to see.
Proves my point. T-Trades is a sign of dilution.
I'm open to have a rational discussion and have someone argue against my point of view. But it seems mostly repetitive rhetoric from the same people.
Fact is you can not sustain a business without profits no matter how much revenue you have coming in. They are leveraged to the hilt which means the only way to raise capital is to dilute the shares. That is the reality. I only have 10,000 shares free and clear from the last time the price doubled and sold half so I have nothing to lose. Top line growth is great, but not when you are operating at a loss. Especially as substantial is this one.
Does anyone have an intelligent argument against the facts I stated or are you all just so foolishly, heavily invested in this high risk, pink sheet penny stock?
2 huge red flags from the recent 10q report I found:
a. GROSS profit was NEGATIVE $161,141 before any other expenses which totaled over $3.9 million dollars in losses. How can they survive with increased revenue with no profit margins? Why was this not addressed in the report?
b. They have debt from 11 different companies paying anywhere from 12%-30% interest!! Why with interest rates so historically low now, would they not refinance that debt? Is it because of there bad credit or lack of gross profits?
That is NOT good news and confirms my concerns I posted earlier. If this was a good company, the lender would convert the debt into stock, but they obviously know something we don't.
This company has too much debt against their assets, small margins and no clear path to profitability. The majors with billions in capital will crush them in competition as well.
You think this 10Q was a good report? "The Company does not have significant cash, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. In addition, the Company incurred a net loss of $3,909,203 for the three months ended March 31, 2020 and has negative working capital as of March 31, 2020. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements."
Blatant stock manipulation
This stock will be under .06 cents by friday
PLUG is on the Nasdaq. IQST is a pink sheet. Iqstel=Fake News. Do you believe in unicorns, santa claus and the easter bunny too?
Does anyone actual use any of Iqstel's products or services? Do you know anyone that does? Can you find a single consumer review anywhere? Are you sure this company is real or do you just get your information via online marketing sources? Remember, Pink Sheets is an unregulated market.
Not to worry panic sellers. I'll buy your shares back @ .05 cents. I can wait.
The fact is until this stock is up listed to a real exchange such as the Nasdaq or NYSE, it will stay a stinky pink sheet penny stock. Realistically that won't happen for another 18+ months. 2022. So dump it if you are impatient or don't believe in the company, or roll the dice that this happens and make 1000%+ return.