Make it, but not at another's expense
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chas1, I am tending to agree with you on Q2, but will wait until mid-may quarterly.
Best to you!
Folks, one thing to remember: You invested in IQST because you reviewed the fundamentals - you understood that the company was continually improving. We were OTC Pink. The company said they have plans for Nasdaq, and then qualified for QB, and now QX. They are still focused on growth and improving the company's bottom line.
Just think about why you are here. If you are disillusioned, you should consider reevaluating your position and moving on. Give the company the time it needs to grow into a strong contender in the market. A lot of really great information is on this board for you to review...take the time and go over it again. A few folks here even break down the details of each 10-K/Q for you and provide honest analysis.
Asking questions is good...Best to all longs!
The positivity/objectivity of some on this board is, well, not. The shareholder letter was, IMO, similar to a quality company working to reinvigorate the team. Again, there were some grammatical issues, but the underlying content was good.
I have passed a message on to IQST regarding suggestions for a renewed confidence for investors. Let's see if they adopt any of these suggestions:
1) Forgo the Thursday PR’s and management updates and instead use “radio silence” regarding updates. Shorter’s use your regular schedule to short the stock. Consider staying quiet and when news pops, everyone is unaware, including those shorting the stock. (I asked this as I have seen others say the same thing - the schedule is fodder for shorting attacks. Mix up the days/weeks that you disseminate information, and surprise investors/shorters)
2) Consider Stock Options with a 2-3 year vesting window instead of Cash bonuses or forgo any bonuses until you have achieved your objective of Nasdaq through a qualifying Share Price. The fact that the Smart Biz was a $1.8 million deal, and the bonuses were $1.075 million tells investors that the executives making money is more important than the Company achieving Nasdaq. The $1.075 million could have been utilized to purchase the Smart Biz company, and cost the company roughly $700K in shares.
3) Stock Options (mentioned above) show that the executives have strong faith in the Company’s future, vs cash bonuses which indicate a “get the money while you can” mindset.
4) Future acquisitions should control how/when shares used for acquisitions can be used and limit how many shares the acquired company can sell during any single day/month/quarter. Giving them an open window to flood the market with $800K in shares serves only to suppress the price and gives those who short the stock the ability to further pull the price down. IMO, the shares should be held for longer, with a 20-25% sale allowed once per month or quarter.
dh, I agree with your post - as I stated before, unless they get to profitability and grow from there, having 1 or 100,000 companies listed as acquisitions is irrelevant if you are net zero. We have to grow from the "$90 mil operating cost/$90 mil revenues" area and begin to look at ways to centralize/consolidate roles and tasks - basically reduce headcount.
Additionally, stop the "Wine and Champagne" mindset at the top and focus monies to reduce OS or use that money to wisely acquire other profitable companies. 3 guys getting over $1 mil in bonuses in a 3rd world country is bogus - cut that crap out. Take shares instead with 2-3 year hold times.
Looks like we are going to sit level for a while until mid-May quarterly. Load up if you're able and remember this is a long-term growth company...
Best to all longs
Iflhdy, I am hoping the SP reverses soon. This is a quality company and unfortunately we are being beaten down. There may be some Longs tiring of waiting for the "$2" or Nasdaq...I am sure that shareholders reading that Leandro's salary more than doubled to $174K, Alvaro's went from $25K to $159K and Juan Carlos' went from $28.5K to $80K, are a tad incensed, in addition to the $1.075mil bonuses these 3 received. (2020 to 2021) - both the raises and bonuses can be upsetting.
I have been the recipient of stock options for years - that said, every one comes with a 2-3 year wait before the shares vest. If they want to offer compensation in the form of shares, fine, but with the caveat that they are held for 2-3 years.
In a 3rd world country, $100K is a lot of money!
To put this in a bit more perspective: The $800K cash for SmartBiz could have been paid for with their bonuses, and the option for shares could've been reduced to around $700K. I don't like the 6 month hold - too short in my opinion.
When shareholders/investors see the executive members and BOD taking shares as compensation, they feel stronger about the company
Hopping off my soapbox folks. I am still long on this one - the fundamentals have not changed, but I certainly hope that future compensations do change.
Best to all longs...speak your mind objectively, and don't get discouraged...this is still a great company!
All, I understand the need to compensate BOD and Members of a company, but they should NOT be giving ANY Cash bonuses until this company has achieved Nasdaq. Your job should be to achieve Nasdaq and stop “high-fiving” with compensation when you haven’t achieved your objective. ANY money that would be considered compensation, whether quarterly or annually, should ONLY be used to buyback and retire shares. This would signal to investors that they better grab them now before the share pool becomes too shallow, and the SP rises dramatically.
Yes the company is moving towards profitability, but with a goal of Nasdaq, the only way forward is either showing HUGE profits, more Fortune 500 interest with NAMES, or an accelerated share buyback/retired program.
My $0.02…best to all Longs
Ever been run over by a car? Well, you are about to feel that pain...
https://www.yahoo.com/finance/news/digital-world-acquisition-could-plummet-174602273.html
Risk, agreed. Our share count is good for a company with the intentions and growth potential of IQST.
I have been reading on other boards that upward movement is imminent...I would prefer nice slow solid moves up vs any hyped rapid rise. The folks at Nasdaq also view volatility to a qualifying SP when considering approval. They can invoke a wait period if they feel the SP was achieved through a volatile move.
All said, Let's get rolling vertical and not look back...
Best to all Longs...
Broadway, We still have 3 acquisitions and updates, with the Q1 coming in less than a month. Likely we may see this turn green (Net profit), and time will give that. I think the company growing through acquisitions is great, but as I pointed out you can't continue to run a company at a net zero pace ($90 mil to operate with $90 mil revenues) and you need to find out ways to trim back costs through consolidation of roles, etc..
If these new acquisitions are NET positive (not gross), this may be the turning point. I realize some are tiring of waiting, and keep hearing "$2" every time we move $0.05, but all I can say is you need to remind yourself WHAT you saw in this company that made you put your money into it...because THAT has not changed...if we weren't fighting inflation and Ukraine, we would likely be over half way to Nasdaq.
Patience is key...best to all Longs!
It must be that time again...more R/S nonsense. Not sure how many times the company has stated "there will be no R/S" and yet the conversation around this pops up, usually if we take a hit on the SP.
Look, not trying to bash anyone, but please give up the R/S talk and if you question the intentions of the company, you can reach out to them and get this answered for yourself.
The problem right now is speculation regarding profitability (i.e. when and how much), and around items such as IoT, Smart tank, EV, etc., as well as the recent acquisitions. Sell if you must, but for those able to comprehend a balance sheet, they likely remain, understanding the future potential.
The whole market is screwy from Inflation, Ukraine, etc. but this will turnaround in time...
As for the most recent releases, I prefer Net profit vs Gross profit so I know where a company landed after the dust settled.
Best to all longs!
stock, the only trouble with Tweeting (and I tweet quite a bit) is that if you Tweet off your phone, it tends to replace words using auto-correct, and while this could have been easily fixed, I understand the issue - I only hope it was a phone :)
Either way, we get the gist of the message...let's focus on what this week delivers to the shareholders at large.
Best to you and all Longs!
dh, agreed. We all knew where they would land at year end - IMO, that was no surprise. I believe that Q1 may show profitability, albeit small, but small is not the point. I realize they are growing the company and are in sectors that are pandemic and recession proof, but there will be a point where acquisition plans will need to show profits, otherwise they have a net zero balance sheet (costs $90 mil to operate - generates $90 mil revenues).
It was stated in another post that they will need to look at ways to trim out waste. Consolidating areas of the company that perform the same role, and eliminating personnel.
I realize this is potentially small potatoes, but profitability is key to that organic share price rise...net zero companies can continue growing, but eventually they have to continue to issue more shares out, and we want to keep the share pool shallow.
Best to you and all longs!
While I wanted the 10-K today, in hindsight it might work to their advantage to pop it tomorrow or even monday morning and then have the Thursday follow up with potential news on the 3 acquisitions.
Hoping we do not have to wait until May for Quarterly to show profitability...
Best to all, and let's get this stock rolling into Nasdaq land!
rayf, the sensible thing is to focus on your mortgage, but if you have been writing off your rental, your 20 year depreciation could have tax implications, so plan for those. Look at ANY investment as a gamble - I don't care if it's Blue Chip or Pink, the risk of your money losing value exists.
While this is IMO a safe bet, the current environment of Inflation and Ukraine are keeping a lot of stocks from realizing their true potential.
I would consider doing a cost/risk analysis and determine if your money should be in a Roth IRA or some other investment similar to that as opposed to throwing any money directly into the market. The Roth gives you the ability for investment write-offs.
Best to you!
Wow, the last 15 or so posts sound like dirges...I realize the company has stated 1st half of the year - let's give them that time.
Let's all remember WHY you bought and are holding this stock. Name me some other OTC stocks with the potential to uplist to Nasdaq, that have no toxic debt, low OS unlike the Billions of OS I see in other OTC stocks.
The 10-K has to drop today - markets are closed tomorrow. I only hope they have combed over the PR for grammar, spelling, content and it hits the press like a wave!
Best to all longs and keep reminding yourself WHY you bought and are holding this - THIS is a Long Term play, and will make a LOT of people happy in the end...
1 year+ holds don't have the capital gains hit that short term plays do...
Belg, agreed. While I would really appreciate some "fine tuning" of IQST, overall this is a stellar stock and when she goes, we'll be ready to uplist and never look back.
If I had to guess, they might have covered any positions they were short on, and will be settled and ready to let this loose.
Volume will be our friend...but more than that, profitability will push us upward.
Clock is ticking...Best to all Longs
Peter, I agree with you on some of your points. It is crucial for any company that wants to be taken serious as a Big Market contender to avoid any slips, albeit minor ones.
1) Plan better on 10-K's/Q's and allow sufficient time to ensure timely filings.
2) Have a competent English Language person check for spelling/grammar and content.
3) Hire a Top Notch Investment Bank advisor to guide each and every step to maximize your "bang for the buck" from your PR's - when to release, etc.
All said, yes the market is under heavy pressure at the moment...inflation, Ukraine/Russia, etc., but this is one of the "extraordinary quality" stocks you spoke of. They are in sectors that are pandemic proof, and that is one of the reasons this stock will rise above IMO.
Too many people are driven by quick results - I call them the Microwave Generation. They have never had to use a rotary dial phone, design on a drafting board instead of a computer, cook a real meal...their lives are measured in seconds instead of days. True investors understand time is their friend.
My best to you and all Longs!
axle, you have to remember that the Pandemic sucked a lot of steam out of the market, and the bigger stocks are suffering too. Yes, there are the occasional runs with a few stocks, but there is so much pressure exerted by shorting and MM's that most stocks are kept at bay and not allowed to run hard.
We are in that boat. We have all the good qualities a stock should have, and yet we are artificially held down.
Time will change that.
Best to you and all longs!
rayf, yeah, I too am about even right now since I have been cost averaging along the way.
It won't matter when they hit Nasdaq, because this is a long term hold for me. I imagine 2023/24 before I sell. That should land me a nice, albeit small, castle!
Best to you and all Longs!
If I were a betting man, I would say that this is one of the few days the MM's/shorters have left to manipulate this stock before the 10-K hits, and the subsequent 10-Q and news of the acquisitions.
We are seeing a pulldown of this stock for those who are shorting and need to recover. I will bet on a Monday slow ramp up and a continued push upward from there.
Best to all longs!
Josh, your post had an error...I fixed it:
(your post) "DWACW is still the bellwether for DWAC. DWAC is actually worth less than $30"
(corrected) "DWACW is still the bellwether for DWAC. DWAC is actually worthless" But both are worthless.
Green Eagle, the only thing Trump is good at, nay, really good at, is finding rubes.
DWAC is going to collapse...and all the investors still hanging on here are going to be his next bag holders...don't think that's possible? Think:
Trump University
Trump Airlines
Trump Beverages
Trump: The Game
Trump Casinos
Trump Magazine
Trump Mortgage
Trump Steaks
Trump Travel (GoTrump.com)
Trumpnet
Trump Tower Tampa
Trump Vodka
...and now DWAC...Truth Social is Collapsing...READ:
https://www.yahoo.com/news/top-staffers-reportedly-leave-trump-183017425.html
https://www.etrade.wallst.com/v1/stocks/news/search_results.asp?ChallengeUrl=https://idp.etrade.com/idp/SSO.saml2&reinitiate-handshake=0&AuthnContext=authenticated&env=PRD&symbol=DWAC&docKey=1-SN20220404012633-012633&DMSourceID=DJNF&Source=BW&DisplayName=BusinessWire&docDate=2022-04-05%2001%3A00%3A00&headline=DIGITAL%20WORLD%20ALERT%3A%20Bragar%20Eagel%20&%20Squire%2C%20P.C.%20is%20Investigating%20Digital%20World%20Acquisition%20Corp.%20on%20Behalf%20of%20Digital%20World%20Stockholders%20and%20Encourages%20Investors%20to%20Contact%20the%20Firm
https://www.yahoo.com/news/trumps-truth-social-trouble-financial-141407513.html
I do this as a free service...I have my investments in other areas, and play a bit in smaller stocks. ANYONE who put their trust in Trump was duped, over and over and over again. He told everyone (and continues to tell the suckers) that "he won" the election, but in a recent interview admitted he lost, but that doesn't stop him from bilking the suckers.
Name me another Casino owner that lost over $1 Billion...how about the University chumps? The ripped off charities? The "I didn't pay a porn star for sex but I did" statement?
What is truly amazing is that people still give him their money...listen to him tell you at the 18 second mark...
https://twitter.com/i/status/1511098766396469249
Mbrady, our job is to keep telling the fools how they were duped. THAT is our job...and we are never short of work.
Show of hands: Who here KNEW this stock was garbage? ANYTHING Trump touches dies...
You've heard of the Midas Touch...He has the MINUS Touch
And now Josh Adams and Billy Boozer have resigned from the company and they were the brains behind truth social... this is just another thing that the president has turned to garbage...
You've heard of the Midas touch well Trump has the Minus touch
https://news.yahoo.com/2-key-executives-resigned-truth-133944267.html
dh, if they continue acquisitions, and branch into other strong sectors, and then start paying dividends, I will always have my toes in this pond.
You never give away free dividends if the SP is continuously improving - that's a double whammy you would be giving away (rising SP and dividends)
Best to you!
woofer, to some degree, agreed. But if you want to be a big company, you have to act like a big company. You don't see this from larger companies consistently. I realize they are in the "growing pain" process, and fully expect them to get their ducks in a row.
The 10-K, well that should be timely.
Best to you!
Peter, agreed...100%. In order to continue moving up, a company needs to demonstrate, year over year, Q over Q, that they are progressing, and not regressing or remaining status quo.
I really like this company, and am in for the long-haul, so I expect them to understand that they have an entire year, 1 quarter at a time, to compile and execute the 10-K timely. Once on Nasdaq, this should not happen anymore - larger institutions will short the hell out of this stock if they see this as a recurring event.
Leandro, it is time to step up and NOT let this continue. No more extensions. Like Peter said, don't say "I didn't know I had a test"...
Best to all Longs...
Peter, agreed. It's like tax time on April 15th. You know it's coming, so plan for the event, get your paperwork in order, hire the team to audit, etc.. Let's not make this a "habit" once on Nasdaq.
In the case we have now, with 3 acquisitions being baked, it is likely that they became focused on Q1/Q2 and how they are setting up and how those would be the "Punch" this stock needs to move the SP up. Quite possible that they blow past the $90 mil and even show profitability through Q1. Couple all those events together and you could have a real strong move.
I alluded to this "miss" in a few earlier posts, and even mentioned that if they missed it to allow for focus for the 3 acquisitions, I would not tip over on that. NONE of this changes the fundamentals of this stock.
Best to all Longs!
Agreed Crawfors. Given that they were talking about 3 acquisitions, I anticipated that they may file an extension to report.
The only downside is that this is fodder for shorters.
Hopefully people will use this as a "pick up shares" time. When they pop it out, it will be very good.
Best to all!
train, it is normally due by Mar 31st. They have pushed releasing the 10-K to mid April, but I believe if they want to continue moving forward, they need to demonstrate compliance and hit the 31st.
The big query is whether we show profitability - that is key. We will still grow as a company, but every solid investor will look to their long term plays as potential dividend investments. Once they start hitting profitability, then eventually you can look to a company to start paying dividends.
I am not going to jump off a building if they don't hit the 31st as there is a lot going on, and with 3 acquisitions due in April, they likely have a lot on their plate. I want to see profitability by mid-year, and I think that Leandro and his team will show that, and that is part of the reason they speak of the "Organic" SP rise, knowing that profitability will move this up quickly, and sustain it.
We need to get off the OTC...too many games here.
Best to all Longs!
Nice open...10% of daily volume achieved in less than 30 minutes of trading...
The anticipation of financials will begin to take hold eventually...
Best to all longs...