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It's possible that the benefits might outweigh the costs. I'm concerned that the questions posed by the already somewhat agitated shareholder base might result in a defensiveness that might not work out well.
This is one on which we're not in agreement. Based on what appears to be a wide chasm between management's ability to communicate effectively in English as opposed to Spanish, I think it would work well if they were speaking to a Spanish-speaking audience, but I think it could be a disaster with them responding to questions, as is done on most conference calls, from a primarily English-speaking audience.
I'm going to have my partying face on when within five years all of the shares that I'm buying at this level hit at least $50!
I think that I have rarely, if ever, seen a situation in which what I perceive to be the intrinsic integrity of the company and its management team is more diametrically opposite to many investors' perceptions of that credibility due to the company's communication mishaps and difficulties than this one.
They say that there might be a joint press release issued in the future with the Fortune 500 chemical company, and if that were to happen, I think it would likely be the catalyst that would legitimize IQST in the eyes of many investors and could result in strong buying.
We already did.
That is nice - the razor companies make more money on the blades than on the razors, and the blade margins are much higher!
I'm just happy that they met their self-imposed deadline! The fact that this project will bring that division to breakeven with just the initial installation and that the Fortune 500 chemical company, whoever it is, has actually accepted the first installation and will potentially install the devices at other operations sounds pretty good to me.
The biggest IR mistake this company makes is committing to releasing updates under defined timeframes and then failing to deliver them. If that happens again tomorrow, their credibility will once again take a major and unnecessary hit. It makes them look as though they lack good judgement, are out of control, or both, and those are not desirable qualities for a publicly-traded company.
Things in general did seem better over 50 years ago!
It's time to say stop - hey children, what's that sound?
Everybody look what's going down.
With apologies to Stephen Stills:
There's something happening here,
What it is ain't exactly clear.
They say on the Ambassadors page that there are no immediate plans to sell any of the 20,200,000 shares in the filing, and that the filing was done just as a means of satisfying SEC requirements. It looks as though that as of today, only about 5 million shares have joined the outstanding count since the end of the first quarter, which isn't too bad for four months, as they could be issuances for compensation or other expenses in order to conserve cash. I think that, in general, they conduct their affairs better than most small publicly-traded companies. The annoying thing is that we know they have the potential to be far better.
According to today's filing, all 20,200,000 shares will be sold at $.50 when possible. When they are able to sell them, here's what they'll do with the money.
Expenses of the Offering - $50,000
iQSTEL Budget Expenses 2021 & 2022 - $1,000,000
Marketing Program Reg A 2021 & 2022 - $750,000
Capital Infusion for business growth 2021 & 2022 - $880,000
Funds for New Subsidiaries Acquisition(s) 2021 & 2022 - $5,400,000
TOTAL FOR iQSTEL - $8,080,000
Discount and Commission - $2,020,000
TOTAL OF THE OFFERING - $10,100,000
Given the current state of things, they won't be raising any money selling them at $.50 when they can be bought in volume on the open market at $.43!
I could see a drop like today's being manipulation if the volume were low, but volume is significant today, and the drop is substantial. That I don't understand, unless for some reason it's just dissatisfied shareholders selling.
I don't think there will be much of an effect in the second quarter 10-Q from the IOT initiative. It's the information to be provided regarding the prospective demand by the Fortune 500 company for the IOT devices that will hopefully create some buying activity.
That's another 490 shares for me this morning. I hope it stays at this level until my Social Security check hits my account three weeks from now! Hopefully the earnings call on August 18 won't be too encouraging.
You and me both. They need to deliver on that news this week as promised. That's a key element of the development of the revenue base.
Your math is right if SG&A is flat with Q1 and net interest and other is essentially zero. I would be satisfied with second quarter progress to halfway between the 3.43% and the 10% breakeven target, or 6.72%.
I'm seeing in the first quarter 10-Q that the 35,862,500 shares that they sold for $.10 are included in the outstanding shares at March 31 of 138,826,964. I'm not sure what the increase to the outstanding shares from that point has been, but if there are 10 million incremental shares to that number, I would hope that they were issued at a price higher than $.10 per share.
I have no problem with 10 million additional shares sold if they've raised somewhere around $5 million from the sale. Hopefully they can use the money to expand the business and increase revenues. With limited cash flow at this point, the only other alternative is debt, and I'd prefer that they raise funds for expansion through share issuance.
Can you explain to me what was old about this morning's news?
As John Book (Harrison Ford) said to his tormentors in the movie Witness, "You're making a mistake."
With over a million and half shares traded today and relentless selling pressure, this stock is trading as though it is sick. Does anyone with any knowledge of Level 2 or technical trading patterns have any idea as to what is happening to cause this?
As I can't think of any other rational reason as to why there would be selling at this point, I would say it's a distinct possibility.
I would guess quite a few South Americans would. At least I'm hoping so for the sake of my investment's growth.
If it were to head down to $.06 I would literally sell every other stock that I have and buy this. That would represent a market cap of $8,460,000 assuming an outstanding share count of 141 million, which would be .14 times projected 2021 sales. Essentially what that would indicate is that the market would be saying that they will never make a profit at their current revenue level and that revenue levels would never increase.
The way the stock price is behaving right now it doesn't look as though anyone is buying!
I think I'm very hopeful about that.
Just out on the Ambassadors page - they must be taking some flak for their recent release.
Ambassadors,
AGO Bank CEO and our own iQSTEL CEO have had a 30 year relationship. AGO Bank has been brick and mortar for many years with thousands of agents in the field. They recently pivoted to a online system with new features and apparently their site may have some issues. That doesn't change the potential of iQSTEL working with them as announced.
Further, every press release is filed with the SEC and we stand behind each company agreement and release we make as a QB Certified Company. We take every announcement seriously and believe that despite setbacks in timing, we will continue to show that we hit or beat our promised goals and objectives as announced by years end.
Thank you,
IR Team
iQSTEL
Give it a maximum of three years from now and I think we'll be there.
The fact that people of their caliber and background, particularly Raul Perez, chose to join the board as independent directors is a major factor that keeps me encouraged about the further successful development of this company.
"Father, forgive him, for he knows not what he does." I thought we could use a little paraphrased Biblical inspiration for a Sunday afternoon.
I tell myself that I am just being cross-culturally ignorant and elitist when I expect all the workings of this small company and its relationships in Latin America to look like what those of a large company based in the U.S. would look like, and I tell myself that there is a tremendous amount of money to be made by this company in being able to navigate all of the underserved markets in Latin America that are not being adequately served by anyone else and to profitably satisfy their needs. We will see as time goes by if I have advised myself correctly.
It is - 10-Qs are due 45 days after quarter end for a typical filer who files based on calendar quarter, but August 14 is a Saturday, so it is due on the next business day.
No news today and up a cent and a half, and a rare green item in my portfolio! Nice to see for a change!
is this something you put together or something the company issued?
I still have my confidence, but I'm losing my patience. The second quarter 10-Q needs to show marked improvement in results. 17 days to wait!
It had better be good news. As much as I have confidence in the long-term prospects of this company, I am getting tired of having my portfolio dragged down every day by the constant erosion here.