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It strikes me that a short would have to be incredibly stupid to play that game here. Are we attracting incredibly stupid shorts?
Just my conjecture, but to me it sounds like an acquisition for which they needed to sell shares into the market to raise the money to close the deal. The "legally possible" comment sounds like something they wouldn't be able to disclose until the deal was finalized. It's all a guessing game at this point as to what the news will be.
Nice rebound at the close. That's another 9 million+ shares whose holders aren't going to want to sell below $.80!
I'm hoping it's for an acquisition that can be synergistically integrated with the rest of the businesses - they seem to be very strong at doing that in the context of their overall plan of development.
Another possibility with the high volume is that the company is selling some shares under their shelf filing at this level to raise money for an acquisition or for other expansion-related purposes. I'd be fine with that - it would be a lot better for them to raise money selling shares at this price than it would have been at $.10!
That would be absolutely incredible - it would pay for all of my grandchildren's future college educations.
If this ever trades at $21, my portfolio value just in this stock alone would be almost incomprehensible.
I'm also quite happy with my CLNE investment, but I'm even happier with the one you tipped me off on - my debt of gratitude to you is now almost $99K, having gone up over 197%. In repayment, I'm going to offer the ultimate sacrifice of rooting for the Kings over the Bruins (I'm from Jersey but live near Boston) if they play for the Cup!
The number of shares you hold multiplied by $.21 - not a bad birthday present from IQST to you! You should go celebrate!
"Buy and hold is the name of the game here."
Very true, and what an unusual game to associate with a pink sheet stock. I can honestly say that in all my years of following pink sheet stocks, I have never seen a company anywhere near as legitimate as this one is.
Maybe they'll put some of their GameStop money here!
Actually, revenue is the gross sales price. Operating income is what remains after deducting cost of sales and related SG&A expenses, and is generally how the profitability of any given product line would be evaluated. I think he was referring to revenue in his statement.
Anyone who is shorting this stock right now is just an outright dope.
Thanks for posting the video - that guy seems really sharp. The unusual thing about our company is that we seem to have the perfect storm right now of rapidly increasing attention, a low and unchanging float, and many enthusiastic shareholders with fairly big positions who are sitting with their shares and are not about to let them go even if the share price doubles or triples from this point. I don't see any pullback happening at this level.
Thank you - glad you liked the post. To be honest, I was shocked as well as pleased when I read the 10-K - I've never seen anything approaching the quality of its preparation for a pink sheet company.
That is NOT what unaudited statements means - the auditing firm is required to do a quarterly review each quarter, which they then use to aid them in performing the annual audit. The auditing firm that audits this company would not let them issue a 10-Q in which the numbers were significantly inaccurate.
All quarterly financials for every publicly-traded company that exists are unaudited - only the 10-K has audited financial statements. The audited statements presented in their most recent 10-K, which are prepared by a regional firm, are as high-quality as those presented by the $700 million+ NYSE-traded company for which I work, and we are audited by a big four firm. Their statements are the primary reason that I decided to take a position here, because when I saw them, I knew that this was a legitimate company.
That is a very pretty picture indeed.
Hello all you investors who like making money! We're over $20 for the first time and rose more than 20% in one day, and no one is watching! This is like a money machine! It's still not too late to make a good return!
That's not what Fidelity shows.
Snapshot:IQST
IQSTEL INC
0.71 Up 0.09 (14.516129 %) as of 3:59:55pm ET 02/05/2021
They may have to wait for another day, if ever.
That is very true - I don't think even we fully realize the true potential of the various divisions of this company.
That'll be a happy birthday for you and a day of celebration for all of us!
Next week sounds like a bigger week than this one was!
There's some nice movement occurring here lately. I think this is one of most undervalued stocks in the biopharma arena. If they get their manufacturing kinks worked out and have a drug that is effective against Parkinson's disease, this will no longer be selling at $2.95.
The difference between this and a normal pink sheet stock is that in a typical pink sheet situation, one might sell at $.62 and guess that a pullback is coming, which as you said I think is likely, and then try to buy it back at $.50, because it's really no big loss if you can't buy the shares back more cheaply, and one just moves on to the next play. With this company, the long-term prospects are so good that it's not worth the risk of trying to play that game, because it might not pull back, and one really wants to own the stock for the long-term and not get caught having to pay a higher price to buy back in.
Don't worry - I'll have a hard decision to make at $10.00, as if I were to sell it all at that point I could pretty much guarantee that my grandchildren's future college educations would all be paid for. Until then, someone will have to pry my shares from my old arthritic hands to get them from me.
That's never a bad strategy. I just feel as though I would feel worse if I sell half and it shoots up to $4.00 and I leave almost $274,000 on the table than if I take my $25,000 in profit on that half and ensure I get my original investment back and it then falls back to where I bought it. I'd hardly ever do that, but I'm making an exception here.
That would be only 3 million shares less than the entire outstanding shares of the company. I'll bet there would be a nice spike that day!
I feel as though there are a lot of true believers in this company no matter what their bases are, and that is unusual for a pink sheet stock. It's also one of the rare pink sheet cases where not only true belief but trust in management is warranted.
Nor my $.31s. The conventional wisdom says when it doubles, sell half and play with house money. I'm not doing that this time.
As of one minute ago it had risen to a nearly $49K debt of gratitude! What's great about today is that there are over 9 million shares whose new owners paid somewhere between $.55 and $.71, and they are not going to want to sell them until they make money. That's a very different mindset than those whose bases are between $.06 and $.08.
I think your point about margin improvement is the key to the evolution of the company's share price. Higher revenues are fine, but it is important that the overall product mix that generates the revenues is at an improved margin level in order to get the EPS to rise significantly, and that, in the long run, is the key to sustainably higher enterprise valuation.
It sure is - glad you told me about this one! So far I owe you a debt of gratitude of a little over $32K!
I agree - I think it will be approved, as it already has approval for treating IBS. My only concern is why tenapanor hasn't seemed to penetrate that market more effectively than it has. They had about $186M in cash and short-term investments as of September 30, and they're burning about $30M of cash per quarter, so they should be fine through early 2022. I also like the company and have a pretty decent stake - I just hope they can market tenapanor better for this indication.
Steadily up goes the share price, probably at least until PDUFA day in less than two weeks. I can't decide what to do, but my tendency is to want to hold through and after the date because I like the long-term prospects of the company so much, even though the share price may retreat after the FDA's decision.
I like what they're doing and obviously also like the share price movement today. Michael Amoroso should get a lot of credit for the way he was able to turn this situation around.
I think you should check out their Ihub board for some insights.
At 96 million shares outstanding, that would give the company almost a $3.4 billion market cap at that point. I guess I'll hold.
My guess about the reason for the "Stock Promotion" flag would be because of the Hawk Point Media articles, one recent example on ABNEWSWIRE that can be found on the iQSTEL Ambassadors site which was titled:
IQSTEL INC.’S 16% SURGE IN PRICE CATCHES INVESTORS ATTENTION, RECORD REVENUES AND SUBSIDIARY OWNERSHIP IN FOCUS
Posted on January 22, 2021
and included the following disclaimer:
Hawk Point Media was compensated three-thousand-five-hundred-dollars by wire transfer to produce research, video, email, newsletters, and editorial commentary for iQSTEL, Inc. by a third party.