Make it, but not at another's expense
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foti, when going after these scum Securities people, $1.2 million is, to coin a phrase from Monty Python's Holy Grail "Tis but a scratch"
They need to shut down these companies that push out shares to drop share prices - they need to issue an edict that says "if you are caught in illegal practices OF ANY KIND, your company will be removed from all exchanges, and you will face a fine equal to 1/2 of your company's value"
You want to stop a white collar thief, you need to make the penalty so harsh that their grandkids kids kids end up paying the price.
but to your point, keep it up SEC
I IM'd IQST off the FB page. Not sure if I got Leandro or the Janitor...lol
$2, $3 or $4 is not a Government secret. Disclosing "insider" information is problematic, but saying "Hey, we are focused on X should be easy to say without violating any Insider Trading issues.
They said "Hey, we are prepping for uplisting to Nasdaq"...to me, how they plan to get there should not be a secret...
Just say "we feel our financials will allow us to easily adhere to uplisting requirements in our current state"
Holding tight on all my shares...retirement is right around the corner!
Thanks!
Best to all Longs!
Crawfors, I reached out to IQST with this query:
"Regarding the Nasdaq uplisting, I have read the Uplisting requirement PDF, and was wondering if there is an exception to the 90 day closing bid price of $2. I had read on the Ihub chat board that there is a 1-day $4 close price rule, but I have not been able to confirm that. Can you tell me if the $2 rule is your target or if there is a $4 1-day rule.
Thank you"
Their response was not what I was expecting:
"we are unable to comment further at this time outside of the recent statement and press release from the company. Thank you for your understanding in advance about insider disclosures."
Not sure what that means, but they should have been able to qualify their approach or address if there was a 1-day $4 route. I think they are able to hit $4 easily in 2022, but if that is not a viable path, then hitting $2 for 90 consecutive days is going to be tough with all the shorting & MM algorithms.
You answered the query easily...not like I was requesting they give me insider information.
My $0.02 on this...
This is the info I read up on...pretty confusing.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Crawfors, you made mention of a 1-day $4 rule for Nasdaq uplisting. Can you give more info on that - I have not been able to find this on the Nasdaq uplisting requirements sheet.
If you can screenshot the information, that would be great! At current, it is a 90 day $2 close rule, which means holding the $2 close for that period, and avoiding going under it during the time period.
Thanks!
News out on IQST...small bump this morning. Hoping for a nickel here, nickel there through the end of the year in preparation for 1Q results...
IQST is at the ready to pull the trigger on uplisting once it hits the price point. I have not confirmed the 1-day $4 rule that I heard on the board, but 90 days @ $2 is one path I am aware of.
Can anyone confirm the $4/1-day rule.
Best to All
You're not a lucky person if you invest in companies that have CEO's that lie
IQST will NOT RS, and will uplist on time, and those who doubt it, will end up with egg on their face, and tears on their pillows.
Who would've thought: SEC Investigating Trump over DWAC
https://www.yahoo.com/news/spac-backing-trumps-media-venture-151949737.html
All it takes is a little asking...
$IQST – iQSTEL, Sorry there is a typo in the headline, Revises 2021 revenue forecast up to 4% to 63 Million #otcmarkets #otcqx. the 2022 preliminary forecast for our telecom business alone is $80 Million
$IQST – iQSTEL, Sorry there is a typo in the headline, Revises 2021 revenue forecast up to 4% to 63 Million #otcmarkets #otcqx. the 2022 preliminary forecast for our telecom business alone is $80 Million https://t.co/lvQth8d7vQ
— iQSTEL Inc. (OTCQX: IQST) (@IQstel) December 2, 2021
I messaged them to get this corrected. If they leave this information out there, some investors will bail as they will see this incorrect PR as almost no growth for the entire 2022 year.
Best to all longs! Press releases aside, this will be forgotten once the actual year end closes, and the new year ensues. The revenue is more important than any one PR.
Warning you yet again...in the $30's...next up: my warning for you in the $20's, then...
All the way to dissolved
Don't worry though, DJT will have your backs! Yes, he is making personalized gift bags for those left to carry their loss in this worthless stock.
Enjoy!
A "Billion" dollar company, started by a "Billionaire" with free software. Now he has to redo the whole thing. Lawsuits are blazing. DWAC & Trump are being investigated for Fraud. Trump has dumped out of DWAC and you are left with a company that produces nothing, has ZERO revenue, is sucking dollars, and will be going the way of:
TRUMP AIRLINES 1988 (and subsequently TRUMP SHUTTLES): 2 years in, wasn't making enough money to cover the $1mil interest payment on the initial $245mil loan. The company went defunct and was surrendered to his creditors
TRUMP BEVERAGES: Trump Fire (2004); never made it to market. Trump Power (2004); both trademark applications were abandoned in 2006. Trump American Pale Ale had the trademark cancelled in 2007.
TRUMP THE GAME 1988: Sold less than half of the expected volume and was discontinued in 1990, a re-release in 2004 quickly went out of circulation as well
TRUMP CASINOS: Filed for BANKRUPTCY on the Atlantic City properties THREE TIMES. The Taj Mahal in 1991, $3 BILLION in debt after ONE YEAR of operation. 2004 again for the Taj Mahal, as well as Trump Marina casino and Trump Plaza casino for debt of $1.8 BILLION. This bankruptcy was followed by reorganization named Trump Resorts Entertainment, which missed a $53.1mil bond interest payment, the company delcared bankruptcy and Trump stepped down as chairman, in other words, HE QUIT
TRUMP MAGAZINE 2007: Folded by 2009
TRUMP MORTGAGE 2006: Experts predicted $3BILLION in business in the first year, he achieved less than a third of that and went out of business in 2007. This company has also never paid a settlement awarded to an employee in the amount of $298,274 or it's unpaid taxes of $3,555 (not very baller of a supposed rich person)
TRUMP STEAKS: During the second Atlantic City bankruptcy, Trump owed a Georgia company over $715,000 for meats, struck a deal to sell through Sharper Image, sold less than $50,000 worth of steak and it was pulled from shelves within 2 MONTHS
TRUMP TRAVEL: Launched in 2006, folded in 2007
TRUMPNET: Corporate telecom service in 1990, never got off the ground and was abandoned in 1992
TRUMP TOWER TAMPA: 52 story tower in Tampa, the developers of which he sold his name to for $2mil. The project failed in 2008, people lost thousands in down payments, sued Trump for misleading them, he settled with many
TRUMP UNIVERSITY: Sold memberships for upwards of $35,000 for "hand picked" instructors. They ended up being motivational speakers, often with no degress, and sometimes with criminal records. There are 2 class action lawsuits ongoing in California and a $40MIL suit in NY filed by an AG there.
TRUMP VODKA: Launched in 2006, trademark abandoned in 2008, out of circulation in 2011
Take heart, if you are a bag holder in the end, Trump will be starting a new company called: DJT Personalized, Signed, Bags
You folks need to scroll up on the main page, just under "About DWAC" to the section managed by Hattori Hanzo
I am honestly surprised there are still people who believe this con-man. Well, it's like they say "there's a sucker born every minute"
I told you it was going to drop in the $80's, $70's, $50's and now $40's...a brand new BILLION dollar company, started by a BILLIONAIRE with FREE Software, that just missed its first filing...
Marketwatch said "DWAC is "a not-yet-finalized merger with a not-yet real company"
Sell now and be happy you did, or cry later while holding your MAGA hat. Just like those suckers with Trump University Kits that are great, if you need paper in the outhouse.
Oldman, I anticipate that the Ericsson deal will mean an increased presence in the Telecom world. Vonage has it's Network, but it is a smaller company with just over $340 million in annual revenue...while Ericsson has annual revenue over $56 Billion...their Network will work to improve Vonage, and in turn improve IQSTel. They have their fingers in numerous subsidiaries (TV, Radio, etc.). IMO, expect an increased presence for IQST. Ericsson is a leader in 5G.
The only way I see this being a concern is if Ericsson is gobbling up competitors to get closer to a Monopoly in the Telecom sector. We see this all around with a handful of companies providing goods/services. Since IQST is growing, it may be a good thing that they are now going to have a finger or two in Ericsson's World. Let's see what the future holds for us...
Best to you!
Come monday, those who have still held this worthless stock, will be the holders of the latest pile from DJT. A worthless stock contrived by a man with the same characteristics as this stock.
You, who still hold, are the latest suppliers of wealth change to Don the Con.
Congrats...I tried to warn you repeatedly. A $2 billion company, started by a Billionaire, using "FREE" software. They produce nothing, supply nothing, have nothing...
What you are holding, is a bag of LIES.
Sell now or cry Later. DWAC will not be filing a timely report, which will help to tank this stock.
A $2Billion company, that cannot file on time...odd. Seems DWAC is yet another Piggy Bank for the Donald, and you my friends, are the "sucker born every minute" investors. The link to the MW article is below...snippets are parsed for you to read here:
A Marketwatch article exposes DWAC as "a not-yet-finalized merger with a not-yet real company"
"According to DWAC’s filing, the company “has been incurring monthly operating expenses of approximately $15,000 per month and expenses in connection with its search for targets for its initial business combination,” but since DWAC announced its merger target less than two months after its IPO, the expenses may be less than $30,000.
DWAC also justifies its extension by claiming that it “will not generate any operating revenues until after completion of its initial business combination,” but that’s literally the description of how a SPAC works.
For those reasons, DWAC contends in the filing, it “cannot at this time estimate what significant changes will be reflected in its results of operations for the quarterly period ended September 30, 2021.”"
https://www.marketwatch.com/story/the-trump-spac-might-have-just-given-gensler-and-warren-an-accidental-invitation-to-start-probing-it-11637267697
good read, but not applicable with IQST. The reasons stated on the site that dictate reasons for a buyback failing are:
1) fending off an Acquirer - not an issue for IQST\
2) buybacks using borrowed money - if IQST did a buyback, it would be from profits
3) shares are overvalued - conversely, in our case, shares are undervalued
4) boost EPS - we are not there yet
5) Benefit executives - not a concern in our scenario
6) get rid of cash - the silliest of all the reasons listed
All said, a buyback would, in this case be a good thing, but I would prefer to use the profits for M/A needs.
And as for a reason a buyback is successful: As I paraphrased in my earlier posting, "The company will also be buying shares in the market, bidding up the prices of the stock, and reducing the overall supply of shares outstanding."
Long and strong on IQST...
train, I mentioned that exact thing in a reply to another poster. A buy & retire plan would limit the available shares, thereby increasing their value and "rarity" in the eyes of brokers who loan out shares on interest.
I gave the scenario of a $10mil profit being used to retire roughly 20 mil shares (at this price). Crawfors mentioned that the money is best served as growth money, and I do agree (90% of me anyway). I think retiring shares would help the share price.
There are 141.7mil OS. A ~20mil reduction would be ~15% reduction in OS. This might push Brokers to recall the shares from Short Sellers, even if the Shorts are in the ditch with their loaned shares, because the interest from the Bank could be raised on the Brokers because of the reduced OS count.
Does this ensure a SP rise? Not sure. But if anything, it does help.
Best to you
So much for anyone on the sidelines of IQST! Keep adding to the revenue stream!
Year end is going to paint the entire picture, and anyone not on board by then will have to wave as the train leaves the station.
Best to all longs!
For all those who saw the motorcycle IQST is producing and thought "why would they make an older vehicle?"
Because the nostalgia craze has been in effect for some time, and retro is the new look for products.
Came across this in my News Feed and had to snip it out and show that this is the new thing.
Best to all Longs!
Woofer,
1) the most likely scenario
2) won't happen if they have an NDA or agreement that stipulates the company cannot be named out of security concerns - i.e., hackers. If a hacker knows that product X is regulating tanks of a Large supplier, they can gain access and wreak havoc. As we know, anything is hackable.
3) won't happen - the company has guaranteed that
4) this is a workable idea. If, for instance, the company has $10 million in profit (number has been tossed around on the board), they could purchase roughly 20 million shares, and reduce the OS count significantly. Scarcity of available shares would push the price up, and in turn, burn the Shorters good. Brokers who loan out shares to Shorters on interest, are driven by the availability - less shares available means higher interest to borrow.
Haven't read of any insider buying per se, but management is compensated through stock options at times, like almost all big companies.
Best to you!
foti, I have been saying "shorting" on this stock for a while now and keep getting reminded that "it's not shorting".
There are considerable shares pulling this down to help cover for short positions. Personally, I wish they would do away with the concept altogether. Whether it's the MM's or Investors/groups coordinating to beat the algorithms, it's a horrible thing.
This company has great potential, but it is being held back consistently.
We need a gradual rise up to mid $1 range before 10-K comes out...if this pops up rapidly, it will likely retrace back, and that does not instill confidence in some. The best way to beat shorting, is through a gradual rise in price over a longer period...
It becomes too costly to short if the timeframe is too long to profit from.
Best to you!
Iflhdy, not sure what their line rate will be, but I can tell you that just about every company today is struggling with supply chain issues and line shutdowns. In my industry, line rate typically runs 30-120/day for vehicles, so I seem them performing the same. With ~40 work days until Christmas, that could mean 1,200 to 4,800 vehicles produced (if their liner line rate plan is similar)
Production today will mean product in the pipeline in about 1-2 months IMO, so even if they began Monday, bikes may be available by Christmas. Time will tell.
According to their releases, production starts this coming week.
They have not been on the production line yet...that is this coming week.
Best to you and all Longs!
https://www.youtube.com/channel/UCsaklYVEBqfDVOnDjZVYNxw
Iflhdy, it takes months to prepare for a product launch. I have worked in Engineering for over 40 years.
You have the process of consumer feedback to determine what your product should look like/accomplish, concepting, design engineering, prototyping, testing & more testing, more consumer feedback, supply chain, supplier selection, lead-times, and finally production launch...but it doesn't give you a product at that point.
You still have to have a dealer base established, shipping routes defined for maximum profit potential, and after about 2-3 months later, you have product availability to consumers.
It's a very lengthy process...a typical vehicle program can run 15 to 24 months as a standard...longer if you are developing completely new technologies.
all said, we should see glimpses of the revenues from this end of Q1 2022. As others have pointed out, 2022 is going to be a monster year for IQST.
Those unlucky enough to stand on the sidelines and hem and haw will be crying later...
Best to you and all Longs!
BAM! $0.60+ No unlucky people here! Only winners if you own!
Best to all longs on IQST!
Sitting at:
Bid x Size $0.474 x 2,500
Ask x Size $0.475 x 2,500
train, they file to post the data on SEC.GOV, pay the filing fees, and fill out the forms.
Once cleared, the data is placed on the site https://www.sec.gov/edgar/browse/?CIK=1527702&owner=exclude
Best to you!
Think about this? There are Longs holding this stock because they know what the future will look like. Yet, there are 100's of thousands of shares being sold...by who?
Are these the shorted (borrowed) shares being sold back into the market to drop the price? Is it possible that many have realized that the 10-Q can drop any day now and create enthusiasm that does not retreat, so they are dumping out in preparation for a runup?
Think about this...if you look at OTC Short Report, which uses data reported to FINRA, we saw almost a million shorted shares since Nov 5th, where we went from 62% short volume to now mid 20%.
Time will tell...and the LONGS will prosper.
lucky, the report from https://www.otcshortreport.com/company/IQST is for "Naked" short selling...showing 100's of thousands of shares shorted.
Do you honestly believe that short selling 1000 shares ($500) or even 10K shares ($5K) is going to hold a stock with a market cap of almost $61 million down? Seriously man, think. Hundreds of thousands of shares used by MM's to fluctuate the price spread and Short sellers who actually pay to borrow shares are what is keeping IQST at the level it is at.
Our OS is quite reasonable, and trading at 1X for a company with $60+ million revenue is unheard of...if this were still a Pink company, I could understand it...we are on QX, fully reporting, audited...and yet being manipulated at this point.
Once the pressure hits, the price will not be able to hold at this level, and then a lot of shorted positions will be in the big hurt if they don't cover and run.
Iflhdy, that data is not accurate day-to-day information - if you read from the FINRA site, it is an "aggregate" read...
Short Sale Volume excludes any trading activity that is not publicly disseminated. As a result, some offsetting buying activity related to reported short selling would not be reflected in the Daily Volume and may result in the appearance of a higher concentration of short sale volume to total volume.
The Short Sale Volume is not consolidated with exchange data. To obtain a complete picture of the short sale volume to total volume for a particular exchange-listed stock, market participants must combine data from each of the TRFs and the ADF, as well as from each exchange.
Short Sale Volume does not—and is not intended to—equate to bi-monthly reported short interest position information. The short interest data reflects aggregate short positions held by market participants at a specific moment in time on two discrete days each month, while the Daily Short Sale Volume reflects the aggregate volume of trades executed and reported as short sales on each trade date
lucky, when MM's borrow shares and sell and then recoup those same shares at lower prices, that is shorting. You are attempting to parse the meaning. MM's don't own shares - they too use the pool to borrow and replenish, just as investors do. The difference, MM's can use their systematic algorithms to control the price swings. and they can do this via "shorting".
Naked short interest...500K short on Friday...I prefer facts, not innuendo.
https://www.otcshortreport.com/company/IQST
Best to all longs
Today was likely a result of 500K+ shares shorted on Friday. Until we complete this Q report and the K, these clowns are going to manipulate this stock.
I personally am hoping for a slow gradual climb up...no meteoric rise. Slow and steady wins the race.
We need some data on all the projects and revenues to show profitability. This will come, but until then, the churn.
Best to all longs!
Tweet out...here is the link to the event
https://carriercommunity.com/middle-east-2021-gccm-dubai/
Facebook was started by college students, NOT a Billionaire. Imagine that, a company, already valued around $2 Billion dollars, started with free software, with no product, no sales, nothing.
And yet, boundless amounts of foolish investors...like those burned at $180 and now the SP is 1/3 of that high in less than a month.
Stay in if you so choose, but the only one who will benefit will be DJT...look at his "University"
Agoura, you pointed out a great fact: DJT chose a "crappy software" to launch a multi-BILLION dollar company...a FREE software for a Multi-BILLION dollar company.
The real fools here are ANYONE who believes that this is a legit company. They sell nada, produce nada...period.
He's a Billionaire, right? So why go with a free software to launch a "great" company?
Doesn't add up...I have tried to warn others, but reality is that DJT will suck every dollar from suckers and then NEVER launch...he has made his money on this venture...that is ALL he wants.
I feel for the bag holders on this ploy...
https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-digital-world-acquisition-corp---dwac-dwacw-301416241.html
I have tried to warn you that this stock is yet another scam by DJT, and now the facts (not "FAKE News") are starting to hit...I warned you around $80, then $70, now at mid $50's...
Holding on to anything related to DJT is only making DJT rich...and you poor.
https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-digital-world-acquisition-corp---dwac-dwacw-301416241.html
Train, "Team Castle" is a group of investors here on this thread that understand the potential of this investment. There are quite a few on this board that own substantial amounts of this stock and have owned since it was in single digit pennies.
Team Castle means that when this hits, many of these folks will have enough to purchase their own castle in just about any part of the world.
Best to you!
Chas, if you have a true intent on understanding what has been going on in the background to stairstep the company to the Nasdaq, you only need to go to their website and review the published information.
For this company to be trading at 1X is insane. The fact that we have been able to qualify for QX and still be at 1X is insane.
When the audited information comes out for their financial performance, that will be the catalyst this stock needs. My guess is that they are in talks about getting on the Nasdaq and noting the trading practices that are going on right now since I am sure that the SEC is fully aware of.
Look, tell me what is it that IQST needs to get listed on Nasdaq?
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$2 minimum bid price of the company stock (depending on the criteria)
Public float market value of $1,000,000
The one thing missing in the puzzle...and with a lot of shorting going on with big players, my guess is that the holdup is with the MM's.
We shall see...do your due diligence.
Best to you & all longs on this gem!
MC2 Atlantis - not sure if Junior said that or you did, but either way, it is a STUPID reason to invest...you don't use "Patriotism" to make money.
DJT and Junior are likely already out of the stock...and once again, lying to all those around them because they are NOT transparent with their dealings.
Lawsuit after lawsuit...just wait...when this retraces down to single digits, you can say you were warned.
New2You, this is not being manipulated by MM's, this is not a penny stock (yet). The big investors have dumped out and continue to dump...this puts pressure on a downward trajectory.
It's a supply and demand stock...and supply is filling up...demand is shrinking...that is driving this down.
linkvest, yes, he has learned how to scam the system, not pay contractors, be litigious in every day of his life...so yes, if you keep ripping people off, you can make money.
Rip off charities - check
Fake University - check
Don't pay Americans for work they performed - check
Lie at every turn - check
Tell people what they want to hear - check
Yeah, lots of reasons to trust this guy for sure...