Make it, but not at another's expense
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Relajar, it's just nice to see that the Bid is creeping up while the Ask is holding...just a good indicator that they are having to sweeten the pot a bit to entice those who are contemplating selling...
Me, I am in this one for the long haul, and nibbling up shares here and there as we go along...cost-averaging my way through life :)
Best to you and all Longs!
they are holding the ASK and slowly raising the BID...guess no one wants to sell :)
Agreed, but my measly 3000 share buy isn't going to keep them up at night worrying :) - I am still trying to load at these levels when I can.
Since you are on, what are your thoughts on the NYSE? I asked them if this was a typo, and they responded "no typo".
That said, it either has to be the EV or Smart Tank, but those are tech sector so should be on Nasdaq, but if they spin either off with an IPO and new ticker, wondering what the share ratio might be for existing shareholders on record (i.e. you hold 100K shares, so you get 10K shares of the new ticker)...
Best to you and all longs
and if Apollo wants to sell at dirt cheap levels, it's their loss.
Train, sat at .189 for 30+ minutes and then out of the blue it settled at 0.18715...go figure.
and this was a measly amount...more of a test than anything at 3000 shares.
Anyway, just nibbling at the low levels when I can...
Best to you and all Longs!
They are not filling my order...not sure why...just a small bite at 3K shares...wondering what's going on.
I asked when you were going to get out of DWAC, and told you it was going to go belly up, and now it is going to be delisted.
Will the last person please turn off the lights when you leave...
Can't see this on E-Trade...please send out to get site updated
train, if the company does a spinoff (i.e. the EV portion, or the Smart Tank), they will get a new ticker and that portion will become a subsidiary of IQST, with shareholders in IQST getting a portioned share count from the spinoff depending on their current ownership of IQST.
The downside is that IQST ticker might take a hit, but since the current SP does not factor in either of those two areas that I noted, the likelihood is slim that IQST ticker will take a hit.
Again, no RS so let's let that nonsense go. If they are planning on taking IQST to NYSE, then they better have a HUGE surprise for everyone...and if so, I hope each and every shorter on this stock finds their only solution comes from a 5th floor window.
Anyway, best to you and all Longs!
Just picked up some shares today...wished for a $0.16 day, but hey, we can't always time our cash infusion with a great opportunity...cost-average baby!
Iflhdy, agree with your points on people stopping Trading but I believe the larger problem exists with those who are borrowing shares and flooding them back into the market little by little and then repurchasing those shares at a lower price to replace the borrowed shares.
Apollo is likely not helping either, but again, this is all a blip in time...hold and be happy.
Best to you!
Well, looks like the market and the current state of the SP have turned this board into a complainers paradise. That said, true long's are waiting in the wings for the market and the stock to find its feet, and once they do, this will be a distant memory.
One thing I wonder is why a true long would incessantly attack the investment they have made...I understand if a person is upset or concerned, but it all comes back to knowing "what you hold".
The company is strong...yes Apollo may not have been a great deal, but in the long run this is just a blip on the radar.
Imagine holding a 1 pound gold nugget in your hands...you know its value, and yet all your neighbors are saying "gold sucks"...what are you gonna do? Join in?
This will turn, and when it does, you will be happy you held...be constructive with your criticisms and avoid some of those here who's only intentions are to bash and trash...
Best to all longs!
Upstream needs to work towards giving U.S. citizens the ability to use their platform to trade both ways. Right now you can't, but when they get this figured out, it appears anyone can daytrade and I am not sure, but I don't think you are penalized like you are on U.S. companies like Schwab, E-Trade, etc...it won't stop the shorting here, but it could possibly lock up more shares on their platform and lessen the supply and that could kill the shorters
Given that we ALL know that this company is a value company, as long as you hold, there is no loss, as it will again climb to strong highs.
If they keep pushing this down, I will scrounge up more cash and buy more at these rock bottom prices. We shot to $2 in a short while even before we were profitable...imagine where it might land when it runs again...
Those who know what they hold, profit.
Best to all longs!
mightymite, keep this in context. Each and every time the market begins to adjust or hears the "Self-Fulfilling Prophecy" word "recession", the OTC gets clobbered.
This is a strong company, and has weathered the market and remains profitable, and yet these sites like the one you referenced, use their algorithms to pick at OTC stocks, largely because most are garbage...but IQST is not one of those.
As an example, a strong company, with $12.6 Billion in profit was listed as a 40% sell on that same site...
https://www.barchart.com/stocks/quotes/TSLA/opinion
Best to you...know what you hold...Best to all longs!
Axle, what he is saying with the "Revenue does not mean anything if you are losing money" is that you can have revenues coming in from several sources, but if the amount you bring in isn't enough to pay for the fees, bills, etc., you are running a negative balance business, and inevitably you bury your business in debt, and then have to look for "shady" ways to finance your business.
Profit is derived from revenues that exceed those debt requirements - basically "after the bills are paid, what is left" is your profit.
I don't believe axle was misstating the obvious. He, like many here, is focused on the profit side of the company, and we are profitable.
Time will right this ship...hoping IQST begins a lawsuit against the MM's.
Best to you and all longs!
Folks, everyone knows I am strong on this company. That said, this recent proxy vote stuff is not how you start your path to Nasdaq. If they are unable to handle all the menial tasks on their plate, outsource the work to competent firms.
I love where this company is positioned and the path they are making. This is one of my "castle" stocks but that reality will only become reality IF they get things straightened out.
It is long past time for them to hire competent consultants to path them forward.
This is what I am having to deal with...
All said, still long and strong...best to all!
iwitness, yeah, not really sure what is going on. I finally received my email with the control number, and when I entered it, I got a "that number has already voted".
They need to get this figured out. A quality company does not have these type of issues. I will give this one to them as they are getting their feet wet in a lot of ways, but this will not be acceptable twice.
I suppose I will not be able to vote in this event...
Best to all longs!
iwitness, they have been trying to get me my proxy vote info...told me to contact: ir@iqstel.com
Going to do that today...
Been going back and forth with Marianne on this...
Best to you!
Sauer, this is not about them managing the proxy votes, it's about the firewalls that companies have that prevent emails with attachments from getting through.
If they would do it different and just provide a control number for access, then the emails would get through, we would be verified and we could vote.
most do not do it this way, hence the issue.
Thanks and best to all longs!
oldman, I am an avid supporter of this company, but this is a cluster &%#$. They should just email out the "control number" to each of the parties on file and it would be fine.
They should realize that in today's world, sending emails with attachments is frowned upon by many software protections.
I IM'd them to send me the control number, and still haven't heard back...even sent a snap of my E-trade acct for proof. nothing back.
A bit dismayed. But still long on this stock...best to you and all longs!
Belg, I went into my account and set my email preference for delivery to a Yahoo account, and still haven't received anything.
I asked them to resend, and got the same reply as the first time.
Disappointing.
Well, I am hoping to attend and bring up a question or two.
Best to you and all Longs!
Pavah, nor have I. I contacted Marianne and she replied:
We inform you that we already sent you again the proxy vote by email.
The subject of the email is: IQSTEL (IQST) PROXY VOTE INFORMATION - IMPORTANT SHAREHOLDER INFORMATION - ACTION REQUESTED.
It was sent from the email address: ir@irmail.iqstelir.com
Please confirm if you have received it.
Regards,
Marianne Vasquez
IR
iQSTEL, Inc.
www.iqstel.com
PC, not yet. I am hoping they take that advice and work together to bring other OTC companies on board.
We need to stop this crooked behavior.
Best to you and all longs!
Leandro, look at GNS as an example of what would happen if IQST took similar action against the MM's...
You want Organic...this is Organic...
from an article...
"Singapore-based Genius Group (NYSEMKT:GNS) has seen gains of more than 400% over the past five days after announcing a similar investigation. Today, GNS stock is up another 40%"
Now, imagine where IQST might be if they took similar actions...
https://investorplace.com/2023/01/hlbz-stock-alert-helbiz-wants-to-fight-short-sellers-head-on/
Iflhdy, if they continually post (i.e. every Thursday), the shorts see this as opportunities to play the market and short the stock. I like news, but continual is not benefiting the company or shareholders.
The 10-K will show us progress, and it will be very good. Aside from that, my earlier posts about IQST and all OTC companies taking Class Action against the MM's to stop the corruption is the only way to combat the problems we see, and to elevate the SP to where it should be.
If they want Organic, this is the only way in this market that I can see...
Relajar, I posted a similar comment to the board about all the OTC companies getting a Class Action together to combat this. Since just one MM can reap $20+ Bil per year in profits, and yet only gets fined a fraction of that amount in penalties when caught, there is no incentive for them to quit and play fair.
I suggested a $500 Bil fine against each MM and Congressional Action.
We'll see...I also sent this to IQST via IM to see if they will do what HLBZ has done...you want organic growth? This will unleash IQST.
Best to you and all longs!
Nepatrader, there will be no RS. The company has stated so. We will get the SP in line once the markets allow for movement in the OTC. This company will rise in SP organically as stated and will begin to deliver for the shareholders.
In the meantime, my suggestion is that Leandro et al begin to take portions of their salaries in shares that are locked up for a min of 2 years. Additionally, at these levels, it may make sense to repurchase some shares and hold on additional acquisitions. Each time we acquire, we do grow and we are now profitable, but this does not equate to SP rising.
In order to bring up the SP in this market, supply/demand should be targeted. Repurchasing shares and retiring them reduces the availability and sends a signal to investors, and that draws attention. Also, those shorting the stock are put on notice...
Best to all longs...maybe a comment during the shareholders meeting will encourage this direction.
I want them to continue growth, but their relative strength is being affected. The best way forward is to bring a class action against the MM's...Take it to Congress, something...
Until the MM's realize that they are going to be hit with over-controlling legislation, or a $500 Bil fine, they are not going to change. We want organic movement, but with corruption embedded deeply, it may not happen.
We all know this should be a $3-$5 SP stock...being held down like this is absolutely mind boggling.
Time will tell...but Leandro et al need to contemplate partially taking salary in shares with a min lock up time of 2 years
Best to all longs!
Crawfors, I mentioned (in the past) that the only way they are going to get the SP up in this type of market condition is through a share repurchase/retirement. The odd thing is that we do not have a ton of shares authorized or outstanding in comparison to many other companies, and yet the continuous shorting of this and other stocks and the fact that they do not have to accurately report the short positions (supposed to, but don't) is part of the overall problem.
I want them to continue investing in acquisitions, but there may be a point where that "tips over" and their valuation is affected to the point where they cannot continue to do so. At this level, share retirement is a much easier scenario.
Or at least have Leandro et al start taking their salaries in shares (or a portion of their salary). That would show confidence. But then again, this market sucks the wind out of the OTC sails.
I believe that there should be a class action brought by all the OTC's against the MM's. They get fined $10 mil in penalties, but make $20+ bil...it's a price they are willing to pay to continue to rip off the people and markets. Time for new legislation and a $500 Bil class action to get them back in line.
Best to all longs!
I find it rather ironic that Michael Burry of The Big Short fame is now stating that he feels we are going to be in a recession this year.
The guy is notorious for shorting as that is how he made personally over 100 million betting against the housing market.
While he's a smart guy I still do not trust people like him who would ultimately benefit from a downturn in stocks by scaring people
I guess we're getting to the point where all of those "economists" who were yelling the "sky is falling" now have their boats fully loaded and are ready to let stocks start to see their real value
https://www.yahoo.com/finance/news/us-stocks-perform-pretty-well-143203095.html
Soldier, IQST does own a lot of shares. As far as repurchasing shares at these low prices I believe under normal circumstances that might be a good idea and I have suggested the same but this is a Growth Company and growth companies typically like to use their Capital to purchase other entities that will help to build their portfolio.
Has for Nasdaq requirements see my post at the top of the page regarding NASDAQ requirements.
I also believe that Crawfors gave some good examples of Quality Companies like Tesla that are down around 65% of their value.
If you own 10,000 shares at 50 cents per share then you are down roughly 50%.
You have to know what you own and why you own it and once you do that and understand that you will not question your position.
Best to you!
Soldier,
Based off of what some others have stated regarding tax laws of which I am not completely well versed in, that would be a poor choice.
79K to 20K gives a loss of 59K but they're write off will only yield them a few thousand dollars and will prevent them from being able to reinvest for 30 days without losing that tax write-off (wash sale).
If the stock Rises they run the risk of losing the ability to purchase the same amount of shares for the money that they've regained.
I look at it this way: it's not a loss unless you sell and I am taking every opportunity I can to cost average.
Best to you and all longs!
kettle, I have been in/out of this twice before on run ups. there are a lot of folks on here with more shares than I, but I have decided to hold and cost-average as much as I can at these prices.
Best to you and all longs!
Thank you Stock and Iflhdy for the clarification...oddly enough, I've done it and had no issues per se.
I was unaware, but good to know. I have been tagged by Etrade for multiple quick trades in the past...trying more so to avoid that that tax issues...
At this point, I am assuming a 3K write off for folks here would be much less than the actual loss to date.
Best to you folks and all longs!
I don't believe you have the 30 day wait between calendar years. A lot of people take losses at the end of the year, and receive their 1099 showing those losses, and then reinvest first trading week of the new year.
I have done this and never noticed any issues doing so. The only rule I am aware of with Etrade is that if I perform trades indicative of DayTrading, then they can hold my funds for longer periods of time and possibly flag my account.
Aside from that, that is why stocks that have trended downward are victims of end of year selloffs.
Best to you and all longs!
Kettle, like you said, end of year is typically a dump time if a stock has been trending down. The problem with dumping out now is that with IQST you will likely see a renewed interest in the new year and if someone dumps out now to get the tax write off, they may miss out Jan 3 when the markets open.
It's always a risk.
Best to you and all longs...if you are down on this stock, it's not a loss unless you sell...me, I see this as an opportunity for cost-averaging.
Well said Oldman...those who know what they hold typically feel no need to comment or respond to those who likely have nefarious reasons for posting.
Now, there are some with legitimate posts that are not favorable, and while I typically just read and move on, some require a response to help correct or re-center their reasoning and understanding of the "why's" of the company. I do not like the SP dipping to these levels as this affects my investment, but I turn that into an opportunity to cost-average.
Good, Bad, it's all how you perceive...some people are just "glass half full"...
Best to all longs! Buy if you're able...hold if you're able...time will deliver great things!