Make it, but not at another's expense
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Risk, we all try our best on this board. I too have cost averaged at different levels - it's all part of the process.
Like you mentioned, once we go to QB (or QX?) we will get in a lot of new investors who have been sitting on the sidelines.
I also play crypto's, and with that comes the unfortunate learning that some of the ones I want don't trade on my platform, but if they did, I would jump on them (I trade ZIL, ADA, XRP, DOGE, but XVG Verge is not on my platform...aarrgh). This is the same thing that is happening to a lot of sidelined investors whose platforms don't allow Pink trading.
Regardless of the daily ups/downs on this one, average in because the long term on this has huge potential.
Best to you!
Morning all! Might see a small retrace, but if the volume continues upward, then we might test the $1 point (or more if we break it). Hoping for a continuation and want to hear on the progress of the Uplisting...once we are off the Pinks, we will see real multiples on this stock.
Yesterday's news on the success of the IoT Smart technology is really exciting and this was NOT factored into the $60.5 million as the success was not known at the time of the guidance.
Keep in mind that we are all here to help others, so if they have questions, we all try to answer. Avoid the negative side chatter and let's make sure people who are new understand that this is a board of adults, and not children. I don't like to mute or ignore unless the person or persons are acting like petulant children.
Best to all...hoping for a move upward! Be your brother's keeper!
Seems like the word is getting out...volume is getting close to double the 10 day average
dh, agreed. As long as the technology is not something a hacker can access, I say "take advantage of the opportunity", but this technology works on Smart platforms - bottom line, as long as they keep selling and bringing in revenue and increasing profits, sell to whoever...
Some want to know who the Fortune 500 company is...they probably have a Non-Disclosure with this company, so people should look at the bottom-line, and not the Headline.
Best to you!
Crawfors is right on that point. If a company is selling a technology that is becomes part of the infrastructure of another company, from a security standpoint, releasing the name of the partnering company can lead to problems.
Look at it this way, if company A has a technology that Company B uses, and a hacker figures out a way to hack into that technology, Company B is no longer secure.
I personally don't care who they sell to or partner with...my concern is the bottom line.
Best to you all!
dh, the one thing I believe may be overlooked by some is the potential for this on a World Wide scale. the device is a monitor that the end user uses to automate their process for industrial purposes. think of this in terms of smaller usages such as Propane/Natural gas tanks that businesses or residential homeowners use.
Automating that demand is huge. this has a much larger potential (long-term) than many may have envisioned.
Best to you! Be your Brother's Keeper!
nosfelle, this would NOT have been baked into the $60.5 million since this was NOT a proven revenue stream. the Q1 proved out the ~$5mil monthly revenue stream (X12 = $60mil), so any additional will need to be baked into the annual revenue.
I believe they mentioned how much this would mean to the company financially per unit, but I don't have this right at hand.
Either way, we will likely see a continued rise as the chart is indicating a strong move...volume at this moment could easily take us over a $1.
Best to you!
Agua, it wasn't necessarily as catalyst that brought it down. The stock was touted with a potential for sitting around the mid $0.70 range prior to its rise. there were a lot of people in the OTC market at that point, and then when it did start rising, because the company is on the Pink Sheets, some may have thought this was a P&D.
the company could have capitalized on the momentum, but did not and I for one am glad they did not. I believe they wanted to make sure that the company was seen as legitimate, and possibly did not want to feed into a frenzy, especially after they acknowledged the recent target price from an analyst - going outside of that target would've only fed into the frenzy.
basically, even though the company should be trading at the $2-$3 range at this moment, that frenzy buying up to ~$2 recently for a company on the Pinks was not sustainable. There was a lot of excitement about the company, and still is, but if the company hyped themselves like some wanted them to do, they would have gambled with their integrity, and likely damaged the company's credibility moving forward. What did not help, was the suspension of trading this (and all Penny Stocks) by T212. The momentum slowed/died because of this, and naturally others thought this to be a pullback and eventually a lot of people took profits and walked. It also didn't help having a number of people shorting this stock (including the MM's) which inevitably will bring down a price, especially in the Pinks.
The company has been working towards a Nasdaq uplisting, but in order to accomplish this, they needed to stairstep using OTCQB in order to open the doors to more trading platforms, and once they do this company will be hitting the multiples it should be at, and be able to sustain the PPS. they have been hitting their goals, and exceeding them, so it is only a matter of time before this train leaves the station, and if people are not on board when it does, they will likely be chasing this stock at elevated levels, and kicking themselves for not being in before the train left.
Best to you! Be your brother's keeper!
jersey, I completely agree. I would rather opt for a quiet period, than have a promise made, and missed.
It's that old saying, Under-Promise & Over-Deliver.
Best to you...have a great weekend!
jersey, I understand the frustration, but in the bigger picture this company is going to make a lot of people wealthy!
we have all become accustomed to the speediness of food, microwaves, emails, etc...and it is hard sometimes to pull back from that mentality (I get mad at my computer for taking 3 seconds to upload something), but if we take a breath, and realize just what we have here, and the speed at which things are progressing, it gives a much clearer image of why we are here.
they said next week, but I would like to wait until QB uplisting info...those two combined would sail this stock.
Best to you!
Peterpan, just received info from the IQST team, and they are planning on holding on the release of information of the IoT to next week.
I would like to see them come out at the same time as the QB uplisting, but beggars can't be choosers ??
Anyway, the messages back and forth were:
"as you have probably been reading, some are asking on the IoT Smart Gas update...curious if this will be released today. Personally, I would wait until you have Uplisted to QB and then release this as it would have a much better impact.
On the boards, they are asking as well - one poster said: "they shouldn't post that they will give out information, and then not do it"
I told them the same thing I mentioned to you, that I would prefer waiting to QB to pop that out...then your PPS would soar!
Thank you ??"
"Hello, Great points. And we are actually holding off on the news until next week for a very reasons as timing is important. Thank you"
Honestly, on the IoT Smart Gas PR, given where we are on the Pinks, I would like to have them issue the PR AFTER they uplist to QB - that would sail this stock and put us where we should be PPS.
Being Pink, as great as the news may be, it may not pop this like we want. If they do release it today, I hope it does take us over $1 and we sustain and grow a little bit each week until QB uplisting.
Best to all Longs!
The charts look good, bolli bands have widened nicely, RSI is good and trending round 60 but may fall a bit...volume is the killer here. We need the volume to take us up strong, otherwise this will pop a bit and be played with small gains, and eventually (if no volume) there will be small profit taking and price may drop a bit.
Either way, without volume, we are going to live on small gains. I am ok with slow and steady, but again, we need volume - QB will give that.
Best to all! Be your brother's keeper!
I am not sure who the board member was that asked about PR firms, but I pinged the IQST team and their response to the question: "a member on one of the boards was inquiring as to whether or not IQSTel has a PR firm under contract at this time? or if you intended to retain one?"
Their response: "Hello, At this time it's our belief to continue to grow organically However, we are working on a possibility of a PR firm in the near future."
At this time, since they are lined up with an Investment Banker, they are likely relying on advice from the IB on information to release and when.
All said, not sure an extra mouth to feed (financially) would have been the smart move while on the Pinks anyway. Once we hit QB, it might be a smart move going forward.
Best to all!
Mac, agreed. I have mentioned that very thing to them. I have also mentioned that they need to scrub the PR for grammatical/spelling errors as this pulls away the mind of some and puts their focus on silly things IMO.
Also that the old real estate saying "Location, Location, Location" is important when you release PR's...anyone who has played the Pinks knows that PR's from Pink companies does not have the impact it should.
we will get there, and it will be soon...waiting is the hardest thing to do for some...
We also need to be realistic...I would love $3-$5 next week, but a rapid rise will likely be followed by profit taking and a retrace. granted we would likely land above where we are now, but those spikes scare some investors.
Anyway, best to you! Be your brother's keeper!
peterpan, I reached out to the IQST team and the response I got back regarding the Investment Banker was:
"we actually already have two family offices and an investment banking group behind us. We have also been courted by others. As far as the group to take us on NASDAQ, we have the funds and the group already in place. It's just a matter of qualifying."
I mentioned that there was chatter on the boards about this, and people wanting to know who they had selected (if they had), and the added response was:
"We can get more specific in the future."
I read this as IQST adding this information as part of the Uplisting PR they will release, either Pre-Uplist or notification of approval to uplist. Either way, they would likely state something to the effect that "we have been working hard with "X" to define our future path....."
Then we would know who they were...but we will get there, and it will be a great step forward!
Best to you!
Without the volume, it will continue to trade within 5%-10% of where it is now to either side.
Hoping for some great news on the IoT Smart Gas. I only wish we were sitting on QB at this time, then that news would really help to pop this.
If I were to guess, they are working with the Investment Banker on how to effectively roll out PR's until they get to QB - once on QB, the IB will be instrumental in moving this upward.
Best to All! Be your brother's keeper!
The company understands the need for credibility. Unfortunately when you are in the same neighborhood as a ton of other Pink companies, your message gets lost.
Kind of like a neighborhood/area of bad homes with a valuation average of $100K and you decide to build a $350K home...you will never get the resale value of your investment because of comp's.
Slowly but surely, the company has realized the urgent need to get out of the Pinks (not to say they hadn't already known this).
They have selected the Investment Banker and are likely getting feedback on how to deliver their messages and the need to distinguish themselves away from other companies "in the same neighborhood"
We should begin to get upward momentum, but not until the volume begins to beat the 10 day average. It will continue to hold and trade in the same area, with little spikes or small steps in either direction until news catches the eyes of others who are sitting on the sidelines.
That too is the problem with Pinks...people are reluctant due to the P&D nature of Pinks.
Best to all Longs! Stay positive! You all know what you own here.
Fiat, yes the requirements are different...for Pink Exempt, they have to comply with one of the following requirements:
1) having a share price over $5
2) company has Average Revenue of at least $6 million for 3 years
3) company has Net Tangible Assets in excess of $2 million if the company has been in operation for at least 3 continuous years or $5 million if less than 3 years
for OTC, there are quite a few more requirements
Jersey, agreed, but then again I play with P&D Penny Stocks too, but I am not invested like I am with this company. Pinks are typically known for being non-compliant, fluff PR's, etc., but this company has shown that they back up their words with actions.
It may be a while before this really flies, but when it hits QB it will sustain at higher prices due to the business plan.
Best to you!
Gigantor, typical timeframe is 4 weeks but it depends on whether or not there are any questions unresolved...this timing plays into their plan to Uplist by end of May.
https://www.otcmarkets.com/files/OTCQB%20Application%20Guide%20for%20U.S.pdf
Pinks are notorious for being considered the "fly-by-night" companies that really never go anywhere. The offer the opportunity for huge quick gains (i.e. 2X to 50X) but they inevitably retrace right back to where they were before. I play a few of these, but understand the risk/reward in it. They are the P&D plays usually.
So, because of their reputation, Pinks are not thought of well, and likely the reason why platforms do not allow trading in them. 212 is an example of this.
QB means to most, that the company is a bit more serious, and compliant with SEC filings, audited financials, etc so investors are not as skeptical about them, although some are still as bad as Pink Stocks. But, if a company is compliant, showing growth and has a plan, getting to the QB opens up the door for a different level of investor and the opportunity to trade on a lot more platforms, which leads to more volume trading.
IMO, QB is the step this company needed to take to help build to the next level and get onto Nasdaq - unfortunately, no matter how great their news has been, because of volume and being Pink, the message gets lost and dramatic rises, or rather, a rise to where we should be, does not happen...
Best to you!
Texlottery, great news! I had hoped they were filing at the same time they had the 10-K completed, but a few days is no biggy.
Great News! we should be on the QB for the bare minimum of 90 days, and then 6 weeks to file to Nasdaq and we are good. My timing for this is around October, barring any retracing below the $2 point.
Best to you! Be your brother's keeper!
mister, thank you for your "wisdom". I will file it under "angry ignorance".
Aside from that, where I reside from a cost-average perspective shouldn't be your concern.
It appears, that in all your years of "wisdom" you lack one of the most important aspects of life: Humanity. You appear to either have been burned several times and never recovered and therefore treat others with the same level of disdain that you have received, or this is just your character...either way, you may want to consider therapy.
Lastly, I am hear to educate from the years of experience that I do have. Am I from Wall Street? No, but then again any credible Wall Streeter would not be here playing the Pinks, of course unless they were like Sykes, and that is no better.
I have stated that the only path to Nasdaq would be through QB (or QX), and regardless if they were there for a short period or not is irrelevant. Living in the Pinks does not give you credibility, and what you will almost always see in Pinks is the rapid price rise, followed inevitably by the profit taking and retrace back to where it started. It's a sad thing, but as good as this company is, hitting/sustaining $2 for that period in Pinks is akin to seeing Bigfoot and getting him to sign autographs.
However, the SEC rules for uplisting to Nasdaq have been, and are, that the company (for IQST's uplisting) hits/sustains a $2 close price for the 90 days (requirement). We gain access to more platforms, and while we should be tradeable, because we are in the Pinks, an across the board rule due to liquidity prevents trading Pinks on some platforms (Think 212).
I have been with this stock since 2020, which again is irrelevant. However, I am and have been a Long holder on this one (1 year was my initial minimum due to capital gains) but will likely be 2-3 or more years as I do have a few more years until retirement.
best to you, regardless of how you may act towards myself/others!
jmgotch, I reached out to the IQSTel team. below is their response:
"Hi, we actually already have two family offices and an investment banking group behind us. We have also been courted by others. As far as the group to take us on NASDAQ, we have the funds and the group already in place. It's just a matter of qualifying"
All of this is GREAT news. The only qualifying aspect left is the $2 close price. Based on information I have read, they are working the QB uplisting and should be completed by end of May.
Great things are happening...I don't think I would want to be shorting at this time.
Best to you!
hey peterpan, I have a comment from one of the others on the board here that I forwarded over to management at IQST. I too use my investment site for L2 info etc, and prefer to use this site as a means of communication. I am on the Ambassador page on FB, so the only means I have to direct message anyone here is on FB.
I have sent the comment over to the moderators on the FB site as well.
Not sure how to communicate with others on this...try contacting AJC90...he can relay the comment to you
jerseyboy, I posted about this back in March...it seems it is finally taking effect.
https://www.dtcc.com/Globals/PDFs/2021/March/05/SR-NSCC-2021-801
The DTC (Depository Trust) submitted a filing DTC-2021-003 (link below) which eliminated the requirement that a Participant must confirm its activity statements monthly through DTC’s Participant Inquiry Notification System (PINS) system. In short the HF’s and MM’s no longer have to submit data to DTC/DTCC monthly on shorts, longs, or any other relevant information that can be used for the monthly risk assessment that is currently being used. Best part is that the Deputy General Counsel of the DTC approved this change on January 14, 2020 and the Effective date is listed as “The proposed rule change would become effective upon filling” which this was filed today, March 15, 2021.
The SR-NSCC-2021-801 is an advance notice filing that only required the SEC to approve before NSCC “Implements proposed rule changes no later than 10 business days after approval by the Commission”.
For those of you too smooth to remember the 801 will allow the NSCC to assess the risk of members daily and let them demand a higher Secondary Liquidity Deposit (SLD) daily if the member would risk defaulting. The 801 basically makes HF’s and MM’s pay more if they are playing too risky and can let the DTCC liquidate the member’s positions if it could risk the NSCC’s ability to complete that day’s trades.
https://www.sec.gov/rules/sro/dtc.htm
https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-003
peter, are you on the FB ambassadors club?
AJC90...got your message...I like your idea...great idea! are you on the FB Ambassadors page?
Up 5.06% today...I don't know about you, but I sure could use more "Red" days like this.
Best to All Longs!
Please, share with us ALL the means to get the share price up that does not include QB. The Investment Banker is a great thing, but Institutional Investors will not play in Pink Sheets, so aside from the Institutional Investor and QB, HOW do you plan on them hitting $2 close price for 90 days or a $4 bid price for the same period WITHOUT opening up to more trading platforms?
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Mister, I have stated that the company has ZERO plans for any R/S - that would bring the price up, only to have it crash down again. I have discussed this with the IQST Rep's and they have stated exactly that.
as far as QB, they not only published this (Facebook Ambassador Club) as the process to get to Nasdaq, but ALSO published it in their Shareholder Letter.
IF you are a retired broker, then you understand that there are a couple of paths to Nasdaq, $4, $3 & $2. With each one, there are requirements for each path - IQST has been shooting for the $2 path which means the company has to have a consistent close price at/above $2 for a period of 90 days (as well as other requirements) to file to uplist on Nasdaq. The Nasdaq path is a MIN 6 week process, barring any questions/issues.
At the moment, the only REAL path to uplisting is to go to QB which is a 4 week process (min), and that opens them up to a lot more trading sites that DO NOT allow trading in Pinks.
Once they do this, and new investors pour in, the price will take its course upward.
Do the math, it's in the Shareholder Letter "The execution of our next planned step to up-list by April/May" - it doesn't say "file to uplist" it says "Uplist", and since Nasdaq is currently unable to go Nasdaq due to PPS, QB is the logical path.
Scroll down to the Fiscal Year 2021, Q2 plan (https://www.newsfilecorp.com/release/80700)
nors1, this company will NOT, repeat NOT R/S. Typically R/S destroys a company and most investors walk when they hear those two words together. Aside from that, we are Debt Free, cash on hand, with a ton of potential on the horizon.
Weathering this small storm is all we need to do...Longs are not influenced away from this stock as they understand what they are holding. if anything, they are cost averaging (up or down). some own millions of shares and still hold.
Best to you!
Iflhdy, 136,881,964 common shares as of April 12, 2021. The increase occurred when closing out prior debt. the shares booked recently so some who are not aware of this assumed that they are NOW diluting...not the case. They are now cash positive and I personally would be OK with further dilution (to a point) if it is used as M&A capital.
Best to you!
The uplisting to QB is noted in the letter for April/May. Now that they are compliant with SEC, they may have already filed to Uplist, hence the "April" part of that statement.
It takes 4 weeks typically to Uplist to QB...that will open up a TON of platforms that do not allow trading for Pinks...
IMO, once the uplisting takes place, a ton of new investors will hit and that will rocket the price. As an example, I trade a lot in crypto, but some crypto are not available on my platform. I read up on a new coin/currency and get excited about it, and then find out it doesn't exist on my trading platform. Having access to a stock helps to grow share price if the stock is a performer, and this one is.
Best to all Longs!
Peter, the shares you saw recently issued weren't issued recently, they were issued as a means to pay all debt. Much like the way your trading company works, you put money in but it doesn't immediately settle, and then a few days later it does.
I work for a company and get stock options, and when I exercise them, it takes time for the transaction to settle.
So, long story short on the shares in question, they were issued a while back to cover debt, and were recently settled (booked).
Hope that helps!
Best to you!
Either way, the shorting, whether its reported as investor shorting or MM shorting, it is shorting and it works to drive the price down.
If an MM shorts the stock to sell to John Doe, they have to cover that short, and as you know, NO MM is going to want to go into the red to cover a short position, so just like you and I they are going to look for a way to make money on their position...yes, they too can get burned, but it is not as likely as you or I.
So, while the OTC Short report may not be an accurate "Investor" short volume report, it nonetheless indicates the negative action that likely took place, and may take place moving forward. If that % is high, it is more likely to indicate pressure downward on a stock.