Poors need love, too! Especially motivated ones. I come from a long lineage of poors, and certainly wouldn't be where I am today with even a lower-middle class upbringing. Bought my first shares at 19. From the company I worked for (WMT)...while stealing bananas to eat in the bathroom to quiet the rumbles!

Thanks Mom!

I've had a much more enjoyable and constructive experience sitewide. Although I did catch a block or two from some of our more burned-out 20-year members! I was just hoping to reignite the IHUB passion they had in their youth!

Thanks for the week, and I hope we can find more excuses for these parties going forward.

hmu

Just when I think this place couldn't get any more outrageous, now people are actually taking cues following in the fraudulent footsteps of Micky-D and Listermann. You really don't want to end up on an SEC court docket...

for sticking up for people who belong in the high court themselves...

ESPECIALLY when you're actually a bagholder and didn't get to hide some big returns offshore for your efforts.

What is y'all doin', baby? Take a break from the social media stock scene until the stress wears off.

Lol, everyone ready to GO today. Good eye catching that, btw.

Yep. Because of this, you know I always treaded lightly with investing here. Recently, I've even been itching to get out of my latest swing and never look back. That's how much respect I have left for the players in this project that I once followed closely. Did so today.

The Arbiter money (absolutely necessary to continue in earnest) has surely been taken back to the drawing board, and I'm sure these funders feel similar frustrations that I do. They're probably busy writing him a set of convertible notes instead!

Might come back after a phat reverse split and total overhaul of the executive.

Seeing you out here trying to glean some information on these all alone is breaking my heart. People don't want to hear/learn/talk about boring stuff like this, but it's often the only thing that matters when you're playing down here in the swamp. Investors and CEO's alike have to start treating it as such.

Good luck out here, brother.

It's hard to know the exact specifics and resulting inconsistencies without seeing the notes ourselves. Ideally, in the name of compliance and transparency, each note would actually be scanned and submitted as an exhibit for all of us to read.

Maybe Dave could even brush up on them himself.

(Could also just be more neglect/omission in the filings. Perhaps just ignorance of how they were actually drawn up, and what they actually are. Unless a securities lawyer + knowledgeable CFO are in the room, claiming a set conversion price like this seem foolish)

These predatory blights have all sorts of "GOTCHA" stipulations attached. You're walking through a minefield of penalties based upon arbitrary performance. Interest accruals reaching a certain limit, a late payment, not submitting a filing on time, the stock trading at lower values consistently, kicking Peter out of the discord chat, and forgetting to floss your teeth before bed etc...can all trigger a near reconstruction of the note.

Devastation is the usual result if you aren't fully on top of every single word in every one of these things, and working like hell to get rid of them.

Exhibit A.
"During the year ended February 28, 2021, holders of certain of the convertible notes converted notes with principal and interest amounts of $1,157,376
into 93,277,337 shares of common stock" I'm sure Dave fully underestimated the complex instruments he had in his possession, and the sharks eager for some fresh meat.

Beat me to it. I'd also like to know if our shadow bank is offering guidance during any of these negotiations.


I don't see how profitability isn't cinched with this move alone as long as they don't blow it.

I suppose I'm being too hard on them for trying to cram the fallout of a ~6 trillion share mess of a reverse split, consolidating five differing sets of preferred with differing par, hashing out some familiar debt payments, AND trying to fit in the recent conversions right back to commons after all that trouble...all on one poor chart!

It can't all be as crisp as their set of 5-10 year old notes and convertibles that they bizzarely display like an interest accruing trophy right afterwards.

The decade long play by play in the footnotes further down helped if you had the time to continually scroll all the way back to the top to piece everyone's positions together yourself.

It's a big damn mess, a name-changing share recycled mess, and that's the point.

Never said Frank was dumping; that's six million commons we're trying to sneak past bid support in the teens. It's obviously a slow trickle, and I'm sure he's gotten rid of plenty in the past six months. Is there another reason to hastily unlock these shares besides trying to cash them in?

Relax. Be of good cheer that they might actually make it work this time, but let's not pretend my concerns and criticisms are unwarranted.

I noticed that the iQSTEL's company profile page on the OTCMarkets website now has an ADDITIONAL accounting/auditing firm listed.

And they are even on the short list of OTC Markets Group’s Premium Provider Directory!

This is a great indicator of their ongoing commitment to remaining in top compliance, and with providing the most accurate set of financial statements/guidance/disclosures they possibly can. Especially during pivotal moments like these. It's companies like this you can trust!

NOWWWWWWWWW if we could just get "Strategic Innovation First, Inc" far FAR away from the "Investor Relations/Marketing/Communications" section....

Just pointing out the dangers of having the CEO, who doubles as the CFO, owning an admittedly cloudy majority of shares...a majority that actually amounts to many multiples more than the current O/S! Let me go read some real filings right quick to see if I should head over to a similar situation on the Alphabet board... (lol)

The conversions of Frank's preferred Bs are an ongoing phenomenon that have showed no signs of stopping.

Trust me. I'm honestly trying to help here, and without all the defensive hyperbole. The capital structure and outstanding convertibles here are just as important as the recent hopeful developments. Just don't want others to lose sight of that.

And ~5.5m commons...though I'm sure there is a constant flow of him selling that down and simultaneously converting Preferred B's to keep it low-key. Not to even mention the treasure chest of other Preferred stocks A-E, which these submitted disclosures don't do a particularly good job of tabulating. Particularly worried about ol' Donald's stash. Someone asked about his holdings down below, and I think they'd be horrified at the prospect of him converting everything to commons.

They gotta clean up the way they organize and disclose these, along with the convertibles and debts, or no auditor is gonna cosign on it. (We can't even do legit calculations on conversion ratios, because who owns exactly how much of which preferred's?)

They have half a billion common shares authorized. Hopefully they won't need quite that many to siphon all of this upcoming "dividend" to themselves.

I'm happy this is getting some volume and some headlines, but I hope everyone remains sober in the face of so much uncertainty. As always, tread lightly boys!

We're rapidly approaching the deadline for the MOU agreement with Smartbiz. It was signed 11/18/21 while being valid for the following six months. Full text of the MOU in the exhibit near the bottom of their 8-K

The consideration for the acquisition consists of $1,000,000 in our common stock to Seller. Seller has the option to price the shares at the execution of the MOU, at the average value of the last 5 days of trading prior to execution, discounted by 10%, or to value the stock at the moment the shares are issued, at the average value of the last 5 days of trading prior to issuance, discounted by 10%.



If by the time the stock is sold, Seller does not recover at least One Million Dollar (US$ 1,000,000.00), Seller may request that we pay the difference in cash until completing the US$1,000,000.00, or may request that more common stock be issued to cover the difference up to US$1,000,000.00. Notwithstanding anything to the contrary herein, this true up provision only exists for one year from issuance, such that if Seller sells the shares later than one year from issuance, the requirement to true up Seller of $1,000,000 shall be of no force and effect.

If the deal has in fact been on pace to solidfy. I'd contend our recent downward pressure has been a result of smartbiz not only selling a ton of shares, but perhaps doing so in an effort to get some extra common stock/cash off the back of it.

Savvy move, but I'ma need y'all to chill.

My adult life is plauged by the Winter gauntlet I must somehow endure in an already bleak time of the year. Of course, the usual nightmares of Thanksgiving, Christmas(FOUR CELEBRATIONS FOR EACH), and New Year's take center stage. Sprinkled throughout are birthdays (with HUGE gatherings) for my wife, daughter, and the handful of friend's I genuinely love. My wedding anniversary also falls smack in the middle, with my wife usually insisting we celebrate by going to a music concert and a fancy ballroom dinner

I've been spoiled by the recent years of pandemic induced cancellations, and I'm pretty sure I can never go back to Christmas again. And maybe the rest of them as well!

It appears Mick is beginning to flounder in the case against Listermann. Failing to even respond to the latest demurrer, which is a terrible look. Furthemore he's had nearly all of his cross-complaints of "fraud, breach of fiduciary, conversion etc" boo'd off stage by the judge for perhaps for the last time. (Lol, as if this won't go on for another decade)

He's even recently filed for an outright decision to be made by the courts in a signal of frustrated defeat.

Listermann has conceded professional negligence, and that is it. There won't be any damages collected on something like this. In fact, Mick's paid a small sum to HIS lawyers recently for wasting everyone's time and not filling within the clear deadlines. (Sound familiar??)

Looks like Mick was more concerned about wasting all of his money and time amateurishly pursuing this petty beef amongst a fellow scumbag that he used to happily scam with...than he was actually running the damned "company".

Whaaatttt??? Great job with this, guys!!

ALYI has not started selling, and likely won't be selling anything other than common stock.

Glad to see a further degree of separation by indicating Africa is in their sights as well. Announcing a strategic cooperative with them has been a bigger red flag than the foggy PR. At least for me.

Can we not let Alvaro write these things? At least some of them? The man writes wonderfully, and has total command of the language. I'm sure he's been cringing right along with the rest of us.

Another wonderful article amongst a flurry of them this quarter! Proud to see you pressing on and hitting such a stride!

iQSTEL Readies For Nasdaq Listing Bid

I think Leo looks so healthy because of the SmartBIz rep they had at the last WCC. He's been training for this day like a Rocky II montage. Picking up these hot new telecoms sometimes comes with other rare opportunities for a merger!

I'm close to opening an ongoing line of communications with Alvaro himself! It's been two years of going after this! After more falliing outs with B-rad over his suspicious ignorance of important (in this case monumental) topics,,..I don't know why I'd began to bother with him again.

I can't contain my excitement at the prospect of never trying to contribute at a high-level through this over-paid facebook fluffer ever again! Alvaro and Leandro both have finally started to take some members here seriously...and I encourage some of you to try and establish a similar line of e-mail correspondence with the men themselves. Show them we are another incredible asset they've unintentionally created along the way!

PM me (not on here of course) or shoot an e-mail to see the amazing opportunity presentation I've laid at his POP account feet.

Which is why I'm facepalming about this PM, and about the random company guidance regarding "inactive shares".

There's nothing left to short here, even if it wasn't an enormous risk at these volume/float levels.

Further, I can't imagine shares being any more inactive than sitting them all on the books well out of range. Free information to all MMs as to exactly how many shares will be firmly out of play for each day.

Blizzare communication there and only adds to the suspicions.

Their OTC profile still isn't even showing that they've filed an application. Who knows if they did, based on their apparent comfort with leaving the ticker down in the swamp for so long.

They may have submitted as they said, but ran into some issues I warned about regarding their transparency surrounding outstanding convertibles. So important to get this just right, and Dave doesn't seem to understand that at all.

Maybe audits were never completed or found something they needed to clean up before showing OTC Markets. Can't afford to get boo'd off stage during this shaky phase.

Here's the full list of reasonable demands. Place your bets on which one/four they are hung up on.

The madman has FINALLY taken my year-long advice of taking some photos/selfies along the way as he's attending these events and posting on social media. He looks healthier and happier than ever!

Of course. As they represent themselves in the OTC "filings", and with the previously discussed resources they have regarding proper SEC reporting, and financial audits...they only needed to put a minimal amount of effort into this application at any point in the last year.

Just replace the time management spent repeating "dedicated to increasing shareholder value" over and over and over....and, you know....actually do it.

All requirements can be found here on OTC Markets website

Not sure how I missed that updated Basile article you shared in this post. Or how I forgot to thank you for sharing it!

Perfectly summarizes the plight of microcap companies for what seems like a decade now. Always unchecked, but the shoe seems poised to drop with so much talent recently going hard in the paint.

I've even referred to the "IR-consultant agencies" as "the sleeper cell" arm of this operation just like he does! Unfortunately, I'm convinced the one we've been saddled with for over a year is a particularly dangerous version. He/it stays on my terror watchlist as some of you may have noticed.

I really enjoyed this podcast with a star OTC lawyer at Basile Great basic-level conversation for the uninitiated on some of these critical topics. And I'm glad it's finally being discussed and explained to retail investors more openly.

All players down here need to have an understanding of these things. Reading a balance sheet, predicting trends, spotting talent...unfortunately these usual means of evaluating a company take a back seat to reckoning with the endemic of toxic convertibles with imperceptible overhang in the background. This is the primary metric, in my opinion, in which someone should evaluate a company down here. And that's sad.

It can and usually does wipe out even savvy executives, great business plans, and promising futures for investors and the economy at large. It's apparently much easier to just force a predatory contract that guarantees super cheap shares along with high rates, snatch all of the money from a company's investors, and laugh/sue as they eventually have no path to survive. When all they were searching for was a little honest start-up capital to attempt a dream of making a positive impact in the world and their own.

In the current OTC environment, where enormous amounts of tickers have been recently and rightfully booted straight to the gray markets for their lack of appropriate business practices and/or required communications and filings...there must be thousands of fresh meat boards to roast and unsuspecting investors to further inflame.

If one were inclined to this lifestyle, of course, the hobby has never seen better says.

But...iQSTEL? Sitting so far away up in the QX, with proper SEC filings, OTC Market approved audited financials, independent BOD, an easy to understand set of financial statements, a solid backbone of recurring revenue in which almost all of the employees have a fabled history of expertise, an aggressive and promising acquisitional growth strategy with plenty encouraging steps towards profitability to back up mangement's targeted DD, a savvy subsidiary of technology innovators winning high-profile awards for their products, and a management team willing to continually work on further improving their own communications directly with shareholders. You don't get to pump blatantly false information and then immediately submit a trail of 8Ks throughout the entire year. I doubt even the scammiest management team would risk significant jail time and revocation by handing over even one document to the SEC regarding a grand pumping scheme directly rooted in lies. Certainly not nearly every statement of intent they make over such a long period.

OTC Markets immediately picked IQST up and added them to their QX composite index, and also their US composite index. They've stayed on each quarter after getting thoroughly reviewed.

In their own words - " The OTCQX US Index (.OTCQXUS, ISIN: DE000SLA0TE5) is designed as a benchmark for tracking the
overall performance of domestic companies trading on the OTCQX marketplace. The index highlights the
most transparent, investor focused companies trading in the OTC marketplaces"

It's bizarre that a company like this, complete with an obvious breadth of knowledgeable and undeterred longs onboard the community, would attract the kind of attention it recently has.

Sure, OTC by nature is quite speculative. Sometimes wildly. People get to spew out their wildest dreams and fears under such circumstances. But it's obvious this kind of company is certainly on the lower end of the spectrum of degenerate gambling plays made only by the lazy and uninformed.

A wise man recently penned the headline "IQST Is A Good Speculative Play"---just realized the title was ninja-edited to something more inclusive of the legitimate case...which I'll leave because it actually ends up demonstrating what I'm saying even further-- and has helped lay out a series of exhaustive presentations that you normally have to pay commissions for. A lot of the members here are just the opposite of lazy pumpers: I've had the pleasure of speaking with some serious retail lone-wolves, ones doing quite well, and I had always thought I'd be isolated from people like me because of pure scarcity and by the design of our markets on their neverending quest to crush retail investors back to the breadline. Some have come and gone, but this board has often proven it's possible to find and nurture such a rare gathering.

I agree with his first article's sentiment, of course, and it's off the back of my own tireless efforts to get the requisite information/perspective over a long period of time.

There are SO many places right now that truly NEED this kind of attention we've attracted. To provide a crucial moment of humility and education to speculators unwilling to put in the necessary DD as they go around randomly placing orders; as a justified community service in the efforts here at our great IHUB platform...so I won't fully discount the value of this practice.

It probably takes many years of tuning along with personal experience in similar situations.

I also won't discount IQST's value because I've watched them get all the way to this point day by day. Sure, there have been a series of blunders along the way. One of which I will likely never get over even if I earn a billion dollars here! Some ADHD communication issues STILL haven't been ironed out, but this a young company who HAS ironed out some very important fundamentals here in an impressive amount of time. They've fallen prey to several land-mines. All types of sharks that every OTC CEO is literally surrounded by on all angles. I'm proud they're nearly out of the quicksand that even a lot of great companies and teams can not hope to escape.

I'd like the board here to remain a place for healthy and informative discussion, critical or otherwise. Sheesh, I've been perhaps one of the most critical during key missteps along the way. I publicly and mercilessly roast our main IR guy, and I likely will continue to even if I eventually sell and move on.

I'll also be one of the most active in trying to keep what's left of our community functional and educational in our efforts to make good decisions.

Let's all try to do our best to help each other, and our portfolios, out. That should be the overarching goal when deciding to head onto an internet message board with money-and a future-on the line...right?

Vote for me!

Sure, and I obviously wouldn't hang around if I didn't appreciate the platform the majority of the time. Especially while so much competition has emerged in the space over the years. However, I would also like to continue appreciating it, and only wanted to offer a seemingly quick and painless way for that to be ensured for me and many others.

Raging Bull! There's a blast from the past! The low bar they set isn't quite an achievement to best. Did those FTC lawyers ever succeed in taking down the recent owners?

I agree, though. Despite a couple of glaring milking strategies past their prime, the services offered and opportunity for long-form discussion amongst good-faith researchers and speculators keeps bringing me back to the ol' gal.

It's such low-hanging fruit in creating a better overall experience here.

I mean, I know that comes in a distant second place to hearding people into paying too much for these kinds of things to pad the overall balance sheet. But...as for the simple private messaging function to be eternally lumped in with this other monthly subscription... I believe the broader community here deserves an overdue reprieve from this, and it's not asking too much at this point.

As I illuded, I believe it would even be a net positive, financially, under the current situation as well.

I'll even enthusiastically volunteer to pioneer this bold venture by accepting a free life-time pass!

You are welcome.

I sold nearly all of my measly position a good while back, when this issue(among others) became crystal clear. I've kept a few thousand as tickets to the coming quarter's show, and of course to give ol' Crawfish here that sweet comfort of familiar faces on these rides.

Happy hour this week was not very happy at all. : ( I was unable private message during my minor window of utilizing this legendary feature.

Can you believe AOL used to just MAIL that kind of thing out on a disc to everyone? Twenty years ago?! No wonder they went under.

Any future plans to de-link private messaging from the rest of the premium board subscription? I believe it would go a long way in fostering healthier communities, and cleaning up the infinite list of ToS violations you all have to sift through with a palm squarely on your face.

I'd just like to come in and shamelessly announce that I've absolutely cleaned house selling cash secure puts here during the last quarter and a half. Probably got too aggressive here and there, but I liquidated most of my portfolio in Q2-3 last year, and I have found an amazing home for the cash here playing with the doomsdayers that think the king is just gonna gap down 26 days in a row or something.

I'm probably going to quit now while I'm so far ahead, but I hope others here can find ways to use the strength of MSFT to make money no matter what the market is doing!

I stopped taking them seriously when they stopped taking themselves seriously on this issue. They can pump out some of the biggest edgar filings I've ever seen and the SEC seems to approve of their abilities in the department. (prolly just a "TLDR" type thing, lol). They obviously have high-quality professionals at their disposal regarding auditing and filing properly.

So why in the world would you just let this sit on the PINK all year for no reason? This ticker is obviously on the backburner as they're trying to merge and switcharoo with god knows what kind of deals behind the scenes across the other parts of the holdings.

And to not capitalize HEAVILY on such swings in the energy market as we've seen for years now....what is y'all doin' baby? If you DID capitalize to the smaller degree that you claim, then there would be no problem dragging in those buddies who come calling at the snap of a finger to comb through (in absurd detail) the other ventures.

Getting off of the PINK, with their obvious connections and the assets they claim, would take less than a month and a meager 10-20K. Disrespect to the highest degree here. If they did happen to look over and see how much it's fallen lately; maybe they haven't and, if so, I'll gladly apologize for the overarching assumptions and unreasonable demands.

Be careful out here, boys.

Scooped a couple of more lots this morning. Easy buy at these levels if you've got the stomach.

I somehow missed this discord discussion. Really glad they've decided to keep doing them. Thanks for getting me up to speed, guys!

Hmm, some signs of life here at least volume-wise. Coin-flip at this point whether this ticker will be unmasked as the shell portion of the "portfolio", or if the claimed assests are real and valuable enough to be absorbed into this new capital markets venture.

Good luck to all

I believe the judge and lawyers will die, be replaced, and the whole case have to be restarted from scratch before a verdict is reached in this nonsensical back and forth. Just how much money and time are these two going to waste on this petty beef over a defunct company?

Do you still have access to the docket and associated documents? I'm reluctant to waste the money even at such a measly price, but am interested if the tide is beginning to shift one way or another. Seems like all demurrer's have no motion to strike attached now; are they finally tiring out?

In my month-long efforts to speak with Leandro regarding the purchase of one of the ready to ship EV bikes, I've been repeatedly told that his schedule has been chocked full of high-profile meetings that have him globetrotting in the process.

Take that information how you will. Also keep in mind these are the words of our resident gatekeeper B-rad, and require days' worth of salt to choke down.

Hopefully he really is flying all over the world working hard to close several pivotal deals. I wish he'd be more active on social media during these trips. Take a picture gladhanding some suits, a smiling selfie in first-class, post a video reading one of these letters instead.... anything... so much potential wasted because of management's lack of understanding about the impacts of such small and easy gestures in today's world. Being left in the dark constantly while having to sort the recycling every other week is no way to get your company to be taken seriously by the people who can get you to the NASDAQ.

LMAO! I'm honored, and happy to be of service.

Banks can literally do anything to make money. Think of the OTC as the casino and lenders the creator of the games to play. This is the wild west.

When he said "think broadly", I'm pretty sure he was talking about the bank bringing in a bunch of hookers/blow to IQST HQ, and placing bets on exactly which beads of sweat reach which particular crack of who's ass first.

Fidelity still commission free OTC trading.

Jumped back in some today. Will average down if it continues to fall. Thanks again for all the charts and sentiments to inverse. Please let me know when it's "12$ EOY!" time again.