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I agree - of all of the new lines of business in which we are engaging, the IoT Smart Tank has the most potential to be an extremely successful revenue and earnings generator.
I just got 8,900 at $.9955, and it was filled instantaneously. I never thought I'd be able to buy under $1.00 again.
I found this answer given by iQSTEL over on the Ambassadors board to the very question you are asking about seeing $2:
iQSTEL's response to the questioner:
About the price, we estimate that once we announce our plan of M&A we will be on track for it.
I found it interesting mostly because I had thought that the path to $2 would largely be through the prospective investment banker providing better exposure to and support from its network of contacts, but the answer seems to imply that there is a plan of mergers and acquisitions that will cause the share price to rise once it is announced that is in addition to the company's initiatives of which we are now aware.
If they can sell a lot of them and we have our battery in each one, that's potentially a nice revenue stream! Leandro seems to be a visionary of sorts, and if he can integrate multiple opportunities like this one into the iQSTEL structure, this company could be a significant technological force.
Cathie Wood can't be the only one to see why this company is so promising. Why are so few others paying attention? When I have available capital I will be taking a position here. I like this company.
It's my biggest position, and I think great things are going to happen for this company's share price, especially when it gets to the NASDAQ.
Whenever that is, I've already told them that if they break up my carefully-constructed portfolio and cash it out instead of letting it grow, I will haunt them.
If it goes to $50, my three kids become multimillionaires when I die in addition to having their kids' college educations paid for!
No, but if this goes to $5, it'll pretty well cover my four grandchildren's eventual college tuitions!
That's just one facet of our disruptive and innovative technologies to which you referred in your recent Q&A with the Ambassadors.
Great post and excellent analysis of the company's entire situation.
Moneyman,
Thanks for the clarification. It sounds as though we may have something big to give thanks for around Thanksgiving if all goes well!
It will take hiring an investment banker, which is supposed to happen by the end of April, to develop the support to get the share price to where it needs to be for the requisite period so that we can uplist to the NASDAQ.
There is no question that this is a growing and well-managed company that happens to trade in this cesspool called the OTC pink sheets. I certainly don't think it will arrive at the graveyard in 30-60 days, as I have never seen a company with both growing revenue and earnings fail. I don't think it will arrive at the NASDAQ in that time frame either, as if an investment banker isn't selected until the end of April, it will take longer than 60 days from now to effectuate all that needs to be done to get listed on the NASDAQ. I do think that the banker will be able to get the share price to where it needs to be for the requisite period so that we can eventually be listed on the NASDAQ.
I don't see any scenario in which this can be deemed to be too late. The release might have been better timed, but I have never seen a situation in which consistently increasing revenue and earnings are not followed by a concomitant increase in share price, no matter what games are played by market markers or anyone else.
They certainly stand to lose a lot more than I do if the FDA approval isn't obtained! I think I'll hold and see what happens, as my $23.79 position is still making money.
I have NEVER seen a pink sheet stock do a reverse split without disastrous consequences. It smacks of desperation to raise the share price, and this company's management does not need to be desperate. They know what they have, and so do we, but we are the ones who become impatient, because we can't see day to day the value that management is building taking shape.
Simply put, there's not enough volume and money chasing this to drive it higher without the help of an investment banker. Eventually, the growth and development of the company will attract consistent volume, but that takes time to become evident. This is a legitimately strong and developing company that trades like the pink sheet stock that it is. Until we escape that trap, this is our fate.
This is an outstanding Q&A excerpt from the IQST Ambassadors site regarding the company's founder and its mission:
Q. I think it would be great to get to know the CEO better; maybe he could tell us more about his background and why he decided to start the company, and where he sees the company in 5 years.
A. The important thing about my background is that it had a strong foundation in telecom. I understand the inner workings of this industry and the importance of team building. My past experiences have given me the contacts and knowledge to bring together teams, companies, and people synergistically into building one powerful force: iQSTEL. I envision the company on NASDAQ, constantly growing and adding to our family of companies, all surrounding disruptive and innovative technologies.
The one big problem is the lack of awareness in the investment community about the disparity between the company's enterprise value and its share price. When they engage an investment banker, which should happen by the end of April, that problem should be rectified, and the share price should begin to more closely reflect the inherent enterprise value of the company.
I agree. Until the investment banker is engaged, meeting the $2 requirement for ninety days would be nearly impossible. With the banker's help, it should be achievable, because the company's fundamentals are there to support it.
You can't find it because there is none. All you need is patience. As Tom Petty once said, the waiting is the hardest part.
They need the help of an investment banker to unlock the value of this company. Navigating the waters to get where they need to go is too complex without that assistance, and they seem to realize it. Whatever the cost, it will be worth the price they/we have to pay to achieve the desired result. The share price will just languish without it.
We'll be looking forward to it!
I certainly agree with you - I just increased my position by over 50% today. With the partners and superior infrastructure that this company has in today's increasingly green political and societal environment, there's no way it can miss becoming very successful.
It's a really good stock and company - it was unfortunate that I found another that I consider to be more revolutionary in the long term to which I needed to assign the capital at a temporarily low and very favorable price (NVTA).
The call was amazing, and I put another $28K into the stock right after I heard it. I will guarantee anyone that whatever amount of money they put into this company today, they will have in excess of 10 times that amount within ten years. I wish more people would get on board here and could understand what is transpiring with this company. This is a microcosmic version of owning Facebook or Netflix in the early days before the inherent value proposition became clearly apparent to everyone.
If it were to fall to $.000001, I could buy the whole company with the $129 I have in my checking account!
I'll take 20% of their price projection in a year!
That is a very well-crafted press release - they are getting better at their public communication and understanding how to best use their ammunition to optimize its effects on the market.
You call that work?
I think they know that, and that's why they're bringing in an investment banker who knows how to get that done. Are we going to have give up something in terms of dilution? Of course we are, but that's fine - I don't mind having a smaller share of the pie if the pie is much bigger than it would have otherwise been without the investment banker's participation. The investment banker is driven to make the share price appreciation happen, because where they really make their money is not in the fees that they will be paid, it's in the share price appreciation. An astute investment banker, which generally all of them are, will easily see the value proposition here and how early they are getting into this situation, and they will help to engender the development that the company couldn't otherwise create for itself.
Thanks very much for posting those. Those are some excellent questions asked of and responses given by our CEO.
After my last post, I became aware through watching a YouTube video that Cathie Wood increased her position in DM by 99% in February, which confirms my assertion that she is smart as a whip. It looks as though she's also favorably impressed by DDD.
I know she's smart as a whip, but after just having spent five minutes looking at that company, if she's at all aware that DM exists, how she could allocate any of her fund's capital to that company instead of this one is beyond me.
Thanks for the update - we're hoping for an uptrend!
Very low volume is NEVER a good thing, especially with a penny stock.
Definitely - I'm up 281%, so there's not much to regret. I think there's a great future here with the company's multifaceted group of companies that comprise the IQST conglomerate being run by a management team that has a very good command of what it's doing.
Does anyone realize just how big this is going to be? I do, and I just put $50K in here today before many others realize its potential and the share price rises. I think Monday's conference call will be very interesting, and am looking forward to it.
Let's just hope it's timely. A favorable indication to me would be if they are able to get it filed on time without having to ask for an extension. I think the numbers will be what they said they would be.