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Haha, I'd love for you to hear how my smooth and straightforward radio voice contrasts with my formal and detailed prose.
None of the usual irrational crybabies from stocktwits, reddit, and IHUB are the type of people to participate in a conference call. You'd barely get them to roll out of bed and listen to it a week later. I would think it'd only be a handful of the old-schoolers here and elsewhere and perhaps a couple of institutional reps. Surely we can screen these people a bit before letting them in, and surely they can slap a mute onto anyone being ignorant or belligerent.
What do you suggest then? Buy them a free trial of rosetta stone and help turn them into eloquent linguists? We all roll up on them and do a montage-esque movie scene of getting them ready for public communications with American shareholders. We can't just never have conference calls and/or interviews with management and the board.
We gotta make a plan and offer to help with this situation.
I promise not to be on there roasting them about the Q1 offering! I assume your concerns are why Leandro seems to be so hype and overzealous with the pen and yet timid and shy on the mic. Gotta face these fears, and learn to navigate these difficult conversations sooner or later...I'd rather we get to practicing now when it's just us on the phone.
Can't hide forever, and the longer you do the more trust you will lose.
Leandro does fine in English. Not sure about Alvaro. I wouldn't mind Leandro translating for him. It would be a little extra effort, but I don't believe it would be a disaster.
Regardless, them demonstrating a desire to talk directly with investors,despite the added difficulty, would serve the purpose even better.
They could also bring Jonathan Bunt on to discuss the technology and timelines
Definitely the best one that I've seen in my admittedly limited exposure to him, and he's built a lot of confidence within me with his renewed focus on the several asterisks of the company. He seems to be listening to shareholder concerns, while also getting better and better as a communicator.
This is a great trend, and I'll be accumulating more Monday off the back of it.
Still worried about all of the convertible instruments. These need to be cleaned up before the year end as new rules go into effect about how exactly you can account.for things like this in your balance sheet. The simpler the better.
Anyone else want to join me in emailing the company and harassing them to do a conference call alongside the 10Q? Not that I think they will do it this round, but we need to put it on their radar. Still believe this is one of the simplest and most effective solutions to sentiment woes here.
investors@iqstel.com
You touched on why earlier when you said that we know how much better they could be. It's no secret how mad I've been based on their amateur maneuvers during recent capital market executions that have left my shares worth considerably less. This was unnecessary and avoidable and if shareholders held all summer after this event then I can't imagine any of recent PRs even moving the needle with them.
But they clearly have.
I see why the typical OTC retail investors stay paranoid... there's no telling how many times they've been burned by scams, pump and dumps, and management who just cashed out and ran for the mountains. Most of them are also new with a bad combination of high cost basis and limited history with the company.
This culling will hopefully remove some of our resistance on the way back up. But it seems certain market makers will not leave this cash-cow ticker alone, and that is troubling going forward in the short-mid term.
Hopefully all of the recent mistakes and missteps serve as learning opportunities for our young company and they will catch up to the curve quicker in spite of the growing pains.
I believe second half of the year shows considerably higher revenues, as usual. With our recent new streams of revenue also in the pipeline during that time...we have the potential to really blow the doors off these projections heading into the end of year.
Bought more today. The low 40s is a great value here, and I can't stay away even though I had assumed I would.
Agreed. Because of the tech involved, I believe this is the moment we get some large institutional, IBanks, whales putting buy side pressure into this. This is our ticket to sustained profitability. Glad it's going forward at scale. I think we were all getting a bit nervous about the deal.
Lmao. Then the amendment to the offering gets filed, the price is at .50, and everyone can be reminded that I'm just some dumbass. This goes against all of the previous amendments, and the way they filed them. Still not sure what to think about if the paperwork was filed properly or not. I guess the SEC will let us know.
Yikes!
I don't know if I'd say all of that, lol. Very attractive prices down here. What a clusterfk of trading that last hour was! Panic on all sides. I had to get in on a little bit of the action.
Bought more today for the first time in months.
Sure I've been salty about getting undercut so hard, but this mass exodus is absurd.
But I'll take it, lol. Plenty of powder now. If you're sellin' at these levels, then I'm buyin'.
We lost some big holders today, if anyone can be believed on these social media sites. It seems the volume and pressure backs that up somewhat. People are just looking for any little reason to bail at this point. Unfortunately these are readily supplied by the IR team.
But they are just that: little reasons. This one is trivial,in fact. Why is this the last straw for a few people? Why not be mad about something that actually matters? (LIKE I WAS!) Death by a thousand cuts, I suppose.
A full blown conference call is needed with the 10Q. Stop being so shy. Start emulating the basic communications of a real NASDAQ company. Stop using the likes of Brad and Facebook to be some kind of middleman here. It's been a disaster and you will never get uplisted if your outreach programs are running more investors off than they are recruiting.
It has to be Leandro, Alvaro, and the board orchestrating these chats at some point. Why not start as soon as possible? I would argue that point has already passed and people no longer trust the traditional means of communicating with you...for good reasons.
There's still time to rehearse and prepare. It will be good experience. You can squash a lot of this sentiment shift with a simple phone call.
BIG RDC, I HAVE FAILED YOU. WHAT HAVE I DONE?!
Lol, geez. I think we could all use a vacation.
I wouldn't quite go that far yet. Let's see how the situation evolves this week (at least) before everyone freaks out.
I'm glad others have similar concerns about this, but try to get some questions answered by the company before just jumping straight to securities fraud. Maybe it was unfair for me to hastily share my findings/opinion like this.
The likely explanation is probably a mixture of mine and JB's sentiments.
Stay alert, though, and let's go get the truth.
I'm getting a weird vibe from this AGO Bank we're supposedly in discussions with while trying to penetrate deep into Latin America with our FinTech services. The youtube video in the press release was pretty much all of the information they gave about them. For one, the youtube channel doesn't even have that, or any other, video in it's uploads.
Okay, fine. The internet is hard sometimes. I'm not gonna beat them up for that.
After some digging, I found Their website Except is it theirs? Most of the links are broken, there are several blatant errors in the code....and doesn't it look similar to the types of websites we build? The domain name is even the same little simple and hyphenated one IQST uses in a similar fashion on their subsidiary websites. Maybe I'm reading too much into this, but I feel like our team just hastily built this from scratch yesterday.
Lol, even if true it's not particularly heinous. It might even be a good sign that this little deal is actually going to go through. I doubt they'd be trying to pull a fast one about a trivial little company like this.
This is how weird I get when y'all just leave me to my own devices like this. I can't let a whole day go by without a post on the board...again.
I think we've said all that needs to be said during this frantic YTD. Now it's just time to wait for the filings for the rest of the year.
Also,I think some of us have grown tired of holding hands and combating misinformation.
The silence is eerie, though, I agree.
So I haven't yet lost credibility with everyone after a few sour grapes I had to vent out! You're welcome!
Sorry if I overstepped defending you on ST yesterday. Nobody messes with oldman69 on my watch!
I did not see that, but that explains why the ~8k lot I scooped at .405 yesterday (my first) had been doing so well already today! I actually held onto it this time instead of swinging right back out...so let's see if I can/want to actually accumulate a long position this go around.
The recent capital market blunders here at IQST can't even be righted just yet, and I don't even want them to try. They traded my downpayment on a castle to someone just so they could go buy their fourth damned castle...Just use my money to go get you a profitable company that will synergize with the rest of the subsidiaries. Maybe I'll forget this in due time.
Absolutely, and obviously I'm in the very same camp of investors with a completely burned trust quotient. Trust that I'll be following the remaining ~20m, and any further amounts they include, in this offering with a similar electron microscope that I use in my day/evening/night/weekend/holiday job.
I won't be caught out like this ever again here, and I'm completely ashamed of myself for not realizing the risks of this offering back in February/March when me and you were making every excuse in the books for the price action. I mean, it was publicly amended mid January; and I was WAY too trusting that something like what happened wouldn't be possible. I'm sorry for myself, and everyone here, that I was carrying a flag instead of ringing the alarms.
I expect better of myself. Looking through our old posts serves up a nauseating amount of cringe.
I have no delusions that they couldn't quickly amend this yet again in the future, with an additional 100m shares involved, and quickly sell them all for whatever ludicrous price you could imagine. As far as this particular amendment goes, though, it's clear their intentions and it's clear what the price will be.
I won't offer an opinion one way or the other on if you should buy back in here yet or at all. As I said, my passion here is over and now I'd just be another run-of-the-mill pumper bot out here trying to boost morale for my own position's sake.
I want to be an honest voice in all of the white noise.
I haven't bought more since our last 10Q and I don't see myself buying anymore until 2022. Even as I've begun bargain hunting across the entire market with the majority of my portfolio in cash. But I already have a huge position here at an easy price to hold for another year.
IQST still has a good plan and a good team. Now we just wait to see if they can execute... and hope they get a hell of a lot better at communicating along the way.
I don't believe there will be any shares offered at .50. When they finally amend this offering with the final prospectus, I'm nearly 100% confident it will be at 2.00 only. I guess I'm going to have to do the full write up on this point, because no one seems to be taking me seriously.
Lmao, this seems to be the correct answer, and the definitive results of this failed experiment of retail investing + social media boom.
What a waste of potential!
Volume has dried up across the market. I haven't seen IQST's liquidity trend like this in a very long time.
I can only imagine the amount of cash on the sidelines right now. About 60% of mine is.
You can find me on level 2 at 6.35 and 6.25.
Already scooped a little load today!
I finally understand why these "institutional investors" are so fabled and healthy for a stock!
I'll reiterate that I firmly believe (based on the entirely consistent history of this offering's amendments) that the final prospectus on this offering will have the security price set at 2.00 and 2.00 only. This was supposed to be a symbolic gesture to instill confidence in everyone, but since they insist on these fake pre-qualification "ranges" everytime, they've ended up just causing more worry and distraction.
Growth tech (which is loosely what we're forward-looking for here) has been getting absolutely clobbered across the board for months now as well. Eventually the inflation problems will subside (hopefully) and we will see some more buying here because of it.
I think anyone in OTC stocks knows all about the enormous amount of money that flowed in, and then instantly withdrawn as 10-20 baggers while retail is left to wallow and eventually sell for big losses as they were caught with their pants down. Eventually some of that big(ger) money will come back into the OTC at large.
Obviously, it was impossible to withstand the brutality of the selling pressure associated with the thing IQST called a Reg A. Eventually this pressure will subside and buyers will be able to restore some balance here. (If they all haven't sworn this ticker off forever.)
SmartGas/Tank is still officially out in the wild here, and has the potential to explode our revenue, margins, and projections with every day that passes. This is the primary reason I averaged up from my original cost basis of 0.07 and remained.
Historically, they have been very aggressive with their M&A campaigns and I don't consider their recent chatter about it to be more of the usual forward looking fluff. We likely will see another substantial acquisition soon.
6 months is about right; we'll have a clear vision of where we stand and where we're headed at that time. However, these other factors can and probably will provide some relief here in the meantime.
I just put in several GTC bids here off the back of this conviction. (and some proper DD, of course)
Pardon me for riding the coattails of excellence, but I've sold off a large part of my portfolio and now I'm out here bargain hunting! This is a great price for a great company.
I'm not sure if you play with options, but there are some juicy prices in the chain, particularly in the LEAPS.
I agree with your sentiments and with the ones you've posted here lately.
I've been looking to enter into a substantial long position here for a while. I had ~20k shares that I let go of the first week in February, and have been swinging this ever since with moderate success.
I've sold off a large portion of my portfolio already, and have begun the bargain hunting process. The current price levels of SIRC are hard to pass up, and I may begin loading in ernest very soon. I've been waiting for the 10Q (and for an expected market-wide selloff that you alluded to), but my trigger finger is getting quite itchy!
Good luck to you.
Lol, I see you're well on your way to being tarred and feathered here. This is what you get for trying to kickstart some meaningful conversation. Most of these boards want nothing of the sort. I can barely stomach visiting this one, much less engaging.
The huge overhang of convertible instruments into common shares here should be a primary concern for everyone invested. Listen to this man. If you're going long here, then you better be actively working to keep your cost-basis low and bringing extra snacks for a long ride.
Thank you. I figured this deadline was a big reason they were in such a hurry to clean everything up.
But this is not my forte, and I don't want to misunderstand what's actually happening here.
JB, do you have any concerns about the new rules going into effect next year as they apply to IQST's financials? They always mention the impending rule change, and understand they will be effected, but never update it with any guidance...
"In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital."
Do you think the accounting models our CFO uses will have to be overhauled going into next year? I know he's orchestrated a complex web of these instruments over the past year to keep the company above water, and I can't seem to even get a clue on how we're going to be impacted by these accounting differences going forward.
Yikes, that's the second time I've been accused of short selling a penny stock (lol) just for expressing my frustrations. Frustrations that are completely reasonable even if you don't share them for some reason.
People are so quick to mistake being upset with being bearish - which I'm not. And I'm not just upset for myself, I'm upset on behalf of all shareholders, including you.
My conclusions are just speculation, of course, and I'm certainly welcoming of any and all theories that would explain away my current mindset regarding the situations I've described.
I don't want to feel this way.
No credible IBank has been announced because each one they reached out to asked them for exact same information I've been asking for since our last 10Q... except they actually got it. Perhaps they have learned the reactions this information illicits out of real investors, and they don't want to see the same from me.
Since our financial statements require such a high degree of judgement calls,both from the CFO and from the auditors checking him, you better make damn sure that you're showing a high degree of responsibility when doing these types of capital market executions. Such a disproportionate amount of trust is involved here as compared to other market segments.
When you're mindlessly pressing the "free cash" button throughout an offering in the context of our wild Q1, you're also ruining any chance we had at establishing this kind of relationship along the way.
If the IBanks who saw the exact amounts and times of this offering don't think that we're completely irresponsible amateurs, then they likely think we are criminals who are also cooking the books. My only hope is that our reputation hasn't been permanently stained in the IBank community at large.
This other 24 million shares you keep referring to were sold back in Q4 2020, and show up clearly in the 10K.
As for the offering amendment: sure, the prospectus pre-qualification has a range of .50-2.00 on it, but everytime an amendment gets qualified it is finalized at the price in which they filed(in this case 2.00). I'm not sure why they do this pre-qualification fake range, but it is consistent throughout the amendments to this offering.
Thanks, and good to see you visiting again.
The worst part was his mentioning of the message board posts from people like us in the shareholder letter. He thought we would get the warm and fuzzies off the back of that... but that is precisely what boiled my blood straight out of the cup.
If you were really watching us, then you would have seen people like me single handedly blowing through huge buy walls as we passed .65. You would have seen Shane yelling at the MMs that they were late and going to have to buy this at 1.00 if his account had anything to say about it. They would have seen your many "tranches" digging the moat at .90 on the way back down. And many other examples from many people. We supported this at the dollar range for weeks, even as the rest of the OTC continued to tumble.
You appreciated our efforts and excitement so much that it motivated you to..*checks notes*.. dump even more shares from the offering at .10 in March???? Unreal.
I shouldn't be posting on social media at all if this is the kind of response my efforts cause within the companies I research.
I'm not selling, and I still stand beside the other many great things I've said about the company.
The facts are they offered ~36 million worth of shares out, at .10. During, AND THROUGHOUT, a quarter where our average share price was 10x that.
I was willing to forgive this if the timings and amounts were reasonable. It appears they were not.
Now, surely the worst is behind us. But the damage to my passion and excitement here is done. An amendment to this offering would have been nice in March when they felt comfortable. Or literally any other time before mid July. Now it rings completely hollow.
You are right, though. I'll spare everyone my own ramblings and fall back until I've cooled off.
He didn't tell me anything, for the record. No one ever did. I was referring to the communications in the shareholder letter.
Nothing is lost on me.
Writing out a full and detailed scathing review of our Q1 timeline would be a bad financial decision, which is why you got a "vague" story of my disappointment instead.
I'm sharing my current feelings because that's what I do.
Blehhhhhhh. After the way this Q1 offering has played out, and the subsequent communications with the company about it, I don't think I'm ever going to feel quite right about this always tender section of my portfolio again. They say to never fall in love with a stock, but I've found myself cheering for these guys HARD over the last year. I'd fallen in love with the people and their tenacity in creating something really special out of a dire situation. And my huge position in each of my nine accounts had almost nothing to do with it somehow.
My biggest fear has turned out to be true, and I feel like Leandro directed part of this letter at me personally.
Telling us when the last shares were sold. In true form, he was even able to project aggressive and genuine confidence to everyone else.
They refused to engage with me, no matter what, on the timeline and amount of the offering in which it was bought up in Q1. Even pretending to not know why I'd want this information, or the implications and insights that could be drawn from it. Even though I had plenty of time to spell it all out for them (true to MY form)I was in their face constantly about when the exactly the first shares were sold and then when the last ones were.
I became uncharacteristically bitter with the entire IR and management team that I spoke to.(Lmao, ask Shane about how I went from 0 to 100 QUICK when Brad was trying to reach out to me, through him, a couple of weeks ago!) Do I not deserve an honest and straightforward discussion about very practical matters? Matters I could help with, not just harass about. You think I haven't put in equal work, privately and publicly, than even the most well-paid IR people on staff?
You think people like me and the rest of TEAMCASTLE shouldn't be considered your real investment bankers who would help get you to the NASDAQ?...if only you'd let them.
Leandro finally told me the most relevant part today.. thanks, boss. I know why you didn't want to go down that road with me now. I suppose I always knew.
Even though I'm fully demoralized, and I have a huge story burning in my mind all evening and night, I'm not going to shit on everyone's parade. I'd like to write my own SA article about the classic folktale thriller of Q1 2021 in the OTC (and how various companies played it. Spoiler alert about who I felt played it the absolute worst..)
You know this tale very well! We all went through an amazing event together and I'm honored to have been constantly browning my boxers alongside gentlemen such as yourselves.
Instead of writing it I'm going to go wallow in the corner alone, and spare the rod.
I'm glad everyone else continually has their own communications, hopes, and needs satisfied, though. You guys are awesome, and you deserve it.
I'm usually the one bringing others back from the brink, but now the roles are reversed and I need all the help I can get in exiting this ledge I'm on.
Goodnight boys and good luck.
IS THAT THE KID _DH WRITING A SEEKING ALPHA ARTICLE ABOUT IQST?!?!?!?!
Well written, and I'm very proud to see it! You've been working on this behind my back! Maybe I'll get over the suspicious timing of the release!
Still not quite sure how to feel myself. I'm sure you all will find out soon enough.
Surely they knew how bad this would look atop the current avalanche of overdue updates and rushed projections.
They've either gotten a direct tip from some of the market locals, and have the connections and resources to make it happen fairly easily... or they are taking a huge risk during an already precarious time.
Shareholders are anxious enough as is. They're said to be working on a shareholder letter, but at this point we need a full blown conference call.
Joe and Crawfors, mostly.
JB: every day that passes without you, my heart breaks a little bit more.
Don't make me write an old folk love song! Or a Shakespeare sonnet!