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I am too - I don't think Jack Bailey would have given up his career at SmithGlaxoKline to run this company if he hadn't been pretty confident that it would be approved. The only question I have is do I hold until just before the PDUFA date and sell then, as I have almost inevitably seen biopharmas run up to a significant date such as this and then fall back. I like this company's prospects so much for the long-term, however, that I am reluctant to do that.
I know how you feel. I took my first position at $.36 and it then fell to $.23, where I added more from there into the high 20s to average out at $.31. I went in at $.36 because I thought it was undervalued, and I still do at this level. Three years is my time horizon, and I can pretty much guarantee you that it won't be trading in the 30s, 40s, or 50s by then. It sucks to temporarily overpay, but I know that I've got a good company with a very strong management team that has a solid and well-thought-out plan for its development.
Good to have you aboard! I'm also thinking 50s are possible in a couple of months. You have found the one in a thousand pink sheet stocks that is a real company with legitimate prospects for growth and the ability to achieve them.
I can't say I read every word of your post, but I think I got the gist of your treatise. I don't know if you have read through the latest Goldman report, but I feel as though that is the closest thing to a cohesive response to many of your points that I have seen. I can say that if, as forecasted in that report, earnings grow from a projected $.02 per share in 2021 to $.08 per share in 2022 and revenues go from $60 to $80 million in that same period, this won't still be trading at $.35 at that point no matter what exchange it trades on.
That would be because we don't have some manipulator on Reddit telling his massive number of uninformed followers what to buy.
There is some interesting information and dialogue on the Ambassadors site this morning regarding short interest in IQST. Perhaps someone who is more computer literate than I could provide a link or some other kind of reference to it.
Go mightymite1! Nice work! We need to find more buyers like that! Maybe someone could contact that guy at Reddit and tell him to stop having his followers overpay by more than 20 times for a company with little prospect of significant growth and start buying IQST!
I agree with everything you said, but making this move from $.35 to $1.75 is going to be a lot harder than it was to move it from $.07 to $.35. It takes a lot more money to buy a significant amount of shares now, and it's caught in no man's land betweeen being a penny stock where it could attract buying from people many of whom are satisfied with a relatively quick five-bagger and people who buy at this level who want to stay with it for the long-term as an investment in an actual company. Those investors are harder to attract, especially in the lousy market environment we've seen during this past week. Considering that, I think the price held up remarkably well this week.
I think the key part of your post is the closing. Although I used to do so heavily until I got destroyed by them, I now rarely play pink sheet companies, but when I got this tip and looked at everything I could find about this company, I realized that it wasn't a real pink sheet company - it just trades there for now.
That is to say that I'm not sure the price will move like a pink sheet company's either, with the wild swings associated with them - I feel more like this will rise gradually based on solid performance and results that match the development of the business, much as most large companies' prices do. I'd love to see it take off tomorrow for $4.00 as much as anyone else here, but I'm not sure that's what this real company's price will do.
I am so glad that I have no need to play with the GameStop or AMC foolishness to make money - all I had to do was buy this stock and let the management team do its developmental work!
That ought to get some new investors looking at this company!
I have NEVER before this seen a company with the integrity, transparency, and quality of this management team on the pink sheets, and I've seen a lot of pink sheet companies in my time.
As I'm fond of saying, this is not a pink sheet company - it is a company that happens to trade on the pink sheets - for now.
I'm extremely happy and grateful for the tip. I wish I had gotten on GEVO too - that's an incredible ROI. That's a great trade on SNPW - nothing like a double in a day! My ACUIF is advancing steadily - it's relatively expensive, but it's going to be a monster!
I added significantly more today. I don't see much risk that the PDUFA in mid-February will have a bad result, as Jack Bailey wouldn't have given up his career at SmithGlaxoKline to come here if he didn't know that their key drug would be successful.
And still we rise steadily and not so gradually. There's still a chance to get in here before it becomes big, but the time is getting short.
Apparently from the news today Michael Amoroso does know what he is doing. I had a feeling that they were down but not out. I have a good feeling about the gradual and successful development of their pipeline.
What a freaking outrageous and well-deserved day! One hopes that there will be many more like them.
That's always a good idea. I'm really happy to have bought in here. I feel so good about this one in the long-term. Our other gem is shining brightly today. I'm so happy I got in relatively early over there.
It gapped up at the open.
No wonder it looks like it's going to gap up at the open!
They updated the revenue estimate for 2020 in their press release earlier this month as follows:
NEW YORK, Jan. 7, 2021 /PRNewswire/ -- iQSTEL, Inc. (IQST) today announced achieving $44.8 million in revenue for FY-2020 based on preliminary results. The $44.8 million in revenue exceeds management's $42 million revenue forecast for FY-2020 by 6.8%, and represents a 148% increase over the $18 million in revenue reported in FY-2019.
The basic businesses are not, but with the newer EV-related and FinTech subsidiaries attracting those who prefer sexier businesses who then realize what a solid company this is and how talented its management team is, that could change in a hurry with increased media exposure and awareness.
I agree, but once GTHX's PDUFA date comes it will be too late to get in at these levels. The time to buy is now before that date arrives, and I'm surprised more people don't see that.
This now trades below what the recently-announced offering price is. That, to me, seems idiotic given the obvious value of this company and the quality of its prospects.
I just have a hunch that the languishing stock price in no way reflects the inherent value of this company. I'm thinking that it will be much more reflective of that value within a year.
And still the price keeps steadily advancing. What a shame so few investors are paying attention.
That would be nice, but I'm not sure they'll be able to meet the requirements at this point.
The share price is certainly showing a nice steady increase.
I agree, it really is more about the chase, the hunt, and the catch, as I don't need the money either. My children and grandchildren do, though, so it's always about how to maximize the value of the portfolio. Say theoretically my $.30 basis shares get to $4.00. The constant question is how can I grow that at the highest return. If I think it's here, it stays here. If I'm guessing somewhere else at that point, that's where the money will go. That's basically what you're saying - I'm just augmenting your analysis with my thought process.
I suppose they're people happy with their four-baggers. That's fine with me - every share exchanged at these prices is now in the hands of a shareholder who won't be selling for a while.
I'm just happy to see the price go back up to my average basis and the total gain/(loss) column turn green again!
I'll bet people who come to this board when this gets big will wish they had listened to me now.
Your posts are fine and much appreciated. They reflect a level of intellect that is sorely missing on most Ihub boards.
I joined the iQSTEL company-sponsored group on Facebook, and have so far found it to be a nice resource and a good place to exchange information and ideas about the company. I'd recommend joining it to anyone who is on Facebook. The group gained 11 members today alone!
That's what I always think - people like me who added today in the mid-to-upper twenties aren't going to be selling anytime soon, and people who sold probably got theirs below ten and are happy to make a nice profit. Everybody does their own thing according to their own objectives - that's what's great about the market!
To whatever man was just foolish enough to sell me another 16,000 shares at $.2449, all I can say is thank you very much.
That is a good video. I 'm glad I signed up for the Facebook page - it's very valuable to be able to ask questions of the company and get solid answers on a timely basis.
Particularly my gain, as this morning I added 61,100 shares at prices ranging from $.237 to $.2899. I'd like to thank profusely the poor saps who sold them to me.