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They originally teamed up with MODUS to develop the batteries for the ALYI bike. That battery got completed very quickly, and it seems like they then moved on to some big ideas and a good working relationship. They eventually started calling the project "EV Smart Solutions". Now even that seems to be completed because we are full steam ahead here.
Damn the torpedoes.
Hopefully another great technological achievement has come of this collaboration, and that's why they're rushing to jump into the field.
Who's gonna take the leap and sign up for the visa card with me? Don't make me go it alone!
The site still isn't up, but I suppose there's still time left in the day...
I intend to follow their position very closely as well. Apollo is a giant, that just merged to form an even bigger giant, that does very well in the game they play. I trust their research and judgement.
I can't seem to find where they even registered the shares, much less which fund they got allocated to, but it's not uncommon for loopholes to be found and these transactions go unregistered with the SEC. They also have a million different groups and I'm only one person that could've easily missed it.
My guess is it's in one of the two "Apollo hybrid" funds they have.
Going to be one hell of a Q3, that's for sure. I think our days of being bored with the action here are almost over.
Just a reminder that the six month lock-up of shares exchanged to settle the notes is approaching. Assuming they were ever truly locked up to begin with.
It's a total of 2,230,400 shares priced at 0.68
Maybe the likes of Apollo will finally begin to help their little investment here run(they've certainly done well enough this quarter to have the extra cash), or maybe they all get dumped on day one. Maybe they help run it up hard leading up to this only to dump even more. Just keep it in mind.
JB, what do I have to do to get you to follow Crawfors's current PlusOne post?
Don't make me beg!
I don't suppose you got anywhere with IR this evening? I'm thankful that you've began helping me in harassing them lately. Announcing things that way, even if you feel you're speaking appropriate legalese and technicalities, is just asking for trouble.
The big kind of trouble.
There are at least ten other things you could be releasing information on that would be great, and they decided to do this...again.
Hopefully they are unsuccessfully trying to signal that no other shares have been offered, they don't (and won't) feel any pressure to take on more notes, and are quite close to profitability.
No problem! We're pretty much references on each other's resumes going forward!
Bah, I can probably write you e-mails that are nearly identical to the ones you will receive. That would be a fun exercise.
Make sure to tell them you're coming for their spot!
Yikes! I think you have the wrong idea about the employees who run this email account. Sure, they are fine at placating the masses on Facebook (which any 50$ Facebook bot could do), but they are woefully unprepared to engage on real issues with a real investor.
They have done more harm to my confidence here than anything else. I'd suggest recruiting some better talent there, because they will be just as important in your journey to the NASDAQ as anything else.
I'd also suggest taking jerseyboy's concerns about these statements VERY seriously, and maybe even hire him for the job!
Haha, and probably a bank account, too! I'm sure we all know some people who would love to have something like this, but will probably never even hear of it. Get to marketing, boys!
Taking another long break from the board, guys. Thanks for all of the love! Hold it down while I'm gone.
Global money one has stayed consistent in the immigrant population being their main target for Fintech market share. I agree they have the most potential, but I think they are missing another huge and untapped share. Young people in America.
It's often hard to build your credit as a young person and they often just turn to these prepaid visa cards with almost no features. Unless I'm wrong in my assumptions that this will be reflected in a credit report. (No SSN required) They also are also heavily in things like cashapp to send money amongst themselves. These apps are often frustrating and buggy. Again with no other real features and half of the security we'll be providing here. They also want things fast fast fast. The website says you can have your cash ready to spend in as little as ten seconds! (with fee)
If they market this correctly, to the right people, and the ecosystem performs even half as well as they expect it to... then I think their projected revenue from this will turn out to be another grossly conservative estimate.
They started protecting the ask hard again around the 74-75 range, by not letting ANY buy orders actually hit it. Then they opened up the bid/ask spread too wide for the day trading volume to stick around. Then... once volume was sufficiently slowed..
BOOM.
Look for these types of behaviors from MMs, because you can pretty reliably predict these dumps based on just a few things. Everyone daytrader watching level 2 sees this behavior too and are just hovering their fingers over the sell button waiting for the lead MM to make the move.
My favorite show is back on! "High volume level 2 of IQST" season 2 on the OTCQB!
It looks like Raul Perez, the only new member of the team that was brought onto the board of directors, is exactly what I've been looking for! I've recently been EXTREMELY anxious about management's ability to handle their own finances, much less navigate the shark invested waters of the US stock market. This has always been a huge point of contention even for a dedicated long like myself.
His background is truly impressive. Check out his LinkedIn Here.
He seems to have extensive experience in all of the things we desperately need experience in. He's operated at the very tip top level in his region. He was even a professor that TAUGHT some of the very subjects I 've been worried about. This is a huge step in the right direction!
The market has obviously shared my anxiety about the iQSTEL team, and I believe the addition of Raul in particular has been our true catalyst today and exactly the kind of person the markets needed to see on board going forward.
Been swinging this one for a while, as it has become fairly predictable. I know the longs here don't want to hear any nonsense about swing trading, but I encourage everyone to rethink their strategy in the current OTC market environment. Based on your skill and comfort level of course.
Follow the moves of the big money.
Please, JB, my head is big enough already!
I'm just some random guy on the internet. Don't mistake me for anything else.
I'm happy for everyone here, but the journey is still in it's infancy. Don't be discouraged if there is a big sell off tomorrow and we head back towards 0.60. Although, I'm sure we dropped off a ton of people already today who were just happy to get back above water. Huge volume! I could just as easily see us breaking out again towards .90 tomorrow if that number stays up.
It's the OTC, baby. Anything can happen. It's a pleasure to hold by everyone's side!
Some people REALLY wanted it above that .60 wall we've been hardstuck under for a while. Looks like we've finally got some big money on our side again!
I'm wondering why I didn't get an invite to be on the board of directors.
All of these things coalesce together to explain what we're seeing with the price action. As far as MM behavior on the OTC goes, it's the wild west out here and I won't pretend to have all (or any) of the answers. I can say that there are no options around to try to remain delta neutral, there isn't enough volume here to get any real price discovery, there isn't enough scrutiny, and that they often DO act like private traders in the lower levels of the OTC.
I still have my entire position.
I haven't been buying more, and don't really plan to, for the reasons you described. And of course the reasons that we've discussed that drove you out.
Good to see you dropping in, and good luck out here!
I believe it's just the natural process as a security gets out of the Pink sheets. Since the OTC Markets provides most of the quotation and volume data publicly there on the website, the makers who provide liquidity here aren't going to use some of the more blatant tricks they do in the privacy of the PINKS. We're still protected here under federal and state laws, they still, in theory, have to play by the rules. The more eyeballs you get on them the better.
However, make no mistake that we are still OTC. There's no matchmaking service provided, or any other real exchange services here. The entire OTC is "traded" by a private computer system (even has a chatroom!) of market makers who are personally loading the boat and dumping it at will.
We're still at their mercy, but now they are just a LITTLE bit more at ours.
Exactly this. If you're not willing to wait this out, or don't believe it's an eventuality, then I'm not sure why you'd invest here in the first place.
They've already created batteries, good ones. For the IoT SmartTank (even upgraded that one significantly shortly after release) and of course batteries to power the ALYI bikes. They've been working on a project for months now with MODUS that was entitled something like "Smart EV Solutions" which I always held in the back of my mind as something with massive potential...it seems now we will be seeing some of the results of that project and potential pretty soon.
I can't even fathom the amount of money, time, and coordination it would take for a dozen random dudes to consistently manipulate a stock's price action like this for this long. All the while outmaneuvering light-speed trading algorithms, actual big fish swingers, makers who won't even fill your large orders half the time, and an infinite amount of ADHD retail OTC investors who are literally too ridiculous to predict. Your reward for pulling off such an unimaginable feat? Prison. They don't let people like us do things like that.
Pokerstar, I don't imagine you did too well at the hold 'em tables either.
I have to think that the EV work they've been doing with MODUS has had some sort of real breakthrough if they feel confident enough to launch so hard into this crowded space. They've already demonstrated a talent with developing batteries and IoT solutions, so here's hoping to another amazing product in the pipeline.
If y'all can't get some solid numbers out of them about the expected/projected SmartTank revenues per unit during this Q&A, I'm gonna throw a fit! I've accepted that they're just not going to give me most of the information I've been trying to needle out of them since the last 10-Q, but...come on! This is low hanging fruit, very important information, and should be easy to discuss at this point.
It's also a MUCH needed follow-through on one of their recent statements of intent. It seems like the IR team put this out a little too quickly as well. I wish they would follow the extra conservative approach management does with their forecasts, instead of announcing things way too far in advance and borderline speculating like an investor.
Lol, some MMs on their best behavior today. I see now why they've recently switched up the strategy from the usual dogpiling into huge ask walls to letting CDEL or NITE run these fake 2500 walls that are probably more like 250k deep. Preparing for this phase. Everyone can see you now, boys!
Don't forget to tune in over at OTC Markets if you're not already a degenerate like me who watches this kinda stuff for fun.
Glad to see OGs like mightymite and miamirave dropping back by!
Thanks for all of the love on my last post; I won't stand by as people try to dump on a great community like ours. Thank you all, as well.
This is an important question, because it fully explains the stark difference in the emotions, temperaments, and outlook of the investors here.
Yes, most of my blocks of shares were bought at 0.07. Although, I've averaged up quite a bit along the way as I put my money where my mouth was during our recent volatility. Just checked, and I even have a 3k lot bought at 1.80! IN MY HEALTH SAVINGS ACCOUNT. ON THE HUGE RED CANDLE DOWNTREND. Not particularly proud of that, but I'll share it with you guys because I can't with my wife. I'll likely have to sell that lot for a loss at some point.
Now, my over all cost basis across all accounts is still less than our current share price. I've made posts about us longs needing to sympathize with and educate investors who were caught in the middle of the OTC-wide pump and dump. If your heavy bags weren't here, trust they would be somewhere else. Consider yourself luckier than most that you landed with a company who has a strong case for making a long term investment.
I'm fully aware that if I hadn't gotten in so early with so much, that I'd be singing a different tune. Conversely, if some of you had been around to watch the story of management facing down the barrel of bankruptcy, navigating a pandemic on top of it, and staying alive slowly beginning to thrive ....then you'd also be singing a different tune.
How do you think WE felt dumping money in, and holding, during a period where there was no clear path to solvency, much less profitability?! The ticker was constantly shit on then, too, and couldn't seem to break free.
Bottom line is my post history shows nothing but honesty and willingness to help, for better or worse. I apologize if I've led some to what they assume was a poor investment decision. Know that I poured a lot of heart and time into each insight I tried to provide.
I'm just some Dad grinding my life away at a hospital while watching my daughter grow up through FaceTime. I've gotten pretty good at this stock thing, though, and have already made enough to let my wife retire at 31. I plan on joining her before 40, with IQST being a part of that conviction.
Investing is not a team sport, and everyone needs to make the decisions they feel are best for them and their current situation.
Yikes, now the longs here are the real villains who have been manipulating the stock price all along? What a twist!
Yawn, 10-Q can't get here fast enough.
Since tomorrow is my birthday, I'm going with tomorrow.
I don't think it will be as huge of a catalyst as everyone expects, but I do think it will help some.
I'd actually prefer some SmartTank news for a present instead!
Infinite. They did the same thing at .60 last week. The strategy has changed away from the 250k ask walls to medium sized fronts that are actually waaayyyy deeper. Shady stuff, but par for the course at this point.
Our stock, and most of the OTC, has lately been chocked FULL of swing traders. Not a bad strategy, especially with how predictable some tickers have become. Admittedly, I've joined the swinging with my small Roth position over the last last two months to try to accumulate more shares there. I've gone from 15k to 47k in that timeframe. Not bad, and I will likely continue to do so so until this blatantly obvious trend gives way.
The legend! Glad to see you back!
It looks like they had made it to step four of the uplist process, which is where we are now, and just never ponied up the annual fee. Every dollar counted back then, so I don't really blame them. Chump change now, and I'm sure we'll be finally off the dreaded PINK before the end of the week if not tomorrow.
The BChain ecosystem and IOT SmartTank are why I'm still in it to win it here. If you're going to operate in this crowded and hyper competitive telecom industry, you better be bringing some game changing innovation to set yourself apart. Management did great diversifying out of that likely losing battle. These two subsidiaries are the ones in which they need to be recruiting talent and investing money. The ones you need to be watching. IoTLabs is already carrying the balance sheet,in a heavy backpack, and it seems like only yesterday we acquired them.
I also wonder how the SmartEV solutions are working out with MODUS. This is also a dark horse with huge potential, but we don't have enough information yet for me to be excited. Should know more soon.
There's still a lot to look forward to this year.
I thought the posters who drawl on about their various "technical analysis" patterns in the OTC would be the extent of the outlandish astrology discussion I'd see here, lol.
What a story this offering could have been if they had just reached out to me, you, crawfors, joe, dh, jerseyboy, and some of the other deep-pocketed longs! You know...the REAL loyal and institutional investors who had been trying to help them onto the NASDAQ. Heck, I'm sure we all could have even agreed to give them double the asking price! We could have caught the 10 bagger and then proceeded to buy back half of the damn float near the bottom here.
I can only hope some of our "lucky" offering takers have contemplated a similar strategy. Yet I imagine they are too busy counting the easiest dollars they've ever made.
Thanks for selling out in a controlled fashion, and not crashing the price out of spite, and thanks again for all of your contributions here. We'll meet again, great minds think alike!
We need them now more than ever before, and they have continually slapped us in the face with this all week. Not that I expected to learn anything from this session, but it adds to the pile of "wtf" moments coming from them lately.
Very disrespectful to all of us who have helped get them this far. They seem to have forgotten the real people they need to be courting during all of this uncertainty.
Eh, my degrees are in the medical field. I'm just some nerd who has made significant strides towards very early retirement because I found that I had a knack for research, analysis, prediction, and attention in my early 20s.
Knowing how to navigate the markets is just as important as any other skill for a small start up company in a competitive field. Not only because offerings can go completely sideways if you're being naïve( ie. thinking you have a group of long term investors lined up only for 80% of them to dump their shares within the same quarter.), but because your shares are continually used as collateral, bargaining tools, and currency. You have to be extremely efficient in every single deal that you make in their current stage. They are in a pool of sharks who definitely DO know how to navigate the waters, and won't hesitate to completely devour the weak. Growing and operating a business is tough enough, navigating the cutthroat shit-fest that is the American markets is another beast altogether.
Most often it is retail shareholders like us who take the full brunt of these inadequacies on the nose. The company will likely be fine and dandy, but it could be at all of our expense. While other sharks build the castles we deserved. This is why I say that I need to see some real financial personnel brought in immediately. They have the funds. They recognize their own desperate need for this and spell it out in each of their filings. I'm not sure why they are delaying so much on this.
I'm extremely nervous, even as others seem to be very excited, as we talk about "10% equity" investments and further M&A activity. Under our current leadership, these things could lead to ruin just as easily as they could lead us to the promised land. I wish they would just focus on what we have, focus on global marketing of our current products, bring on some much needed personnel, and invest further into our current subsidiaries.
Regardless, my current plans are to see it through to the end of the year. Just watching much more closely now.
Honored to be watching by your side, soldier!
I've come to understand that they are just in way over their heads in dealing with the markets in general. They seem to be genuinely interested in the things I'm talking about and the implications. Even coming back to ask ME questions! Like they are learning! I've held off on a public and thorough analysis (hard for me to do) of my communications with them, because I'm honestly just still confused. I consider myself a pretty good judge of characters and agendas. I excel in the interview, writing, and the negotiation process, but this has been rather bizarre on many different levels.
I'm sure I've talked to at least six different people at this point, with varying degrees of knowledge and willingness to have a real discussion. This is the thing; they won't just disengage with me. Most companies would just stop responding and have you make do with the cookie-cutter responses and flow chart answers. They'd hope you wouldn't sell, but eventually they'd just straight up tell you "Sorry, but we can't answer these types of questions at this time. Kindly f-off and stop writing these novels"
This speaks volumes to their degree of engagement and care to retail investors, I've never seen anything like it. But at the same time, just like their many PRs, they are extremely careful not to divulge too much information about certain topics. However, among other topics, they willingly give me what I feel like is TOO much information. Stuff I don't feel comfortable knowing, and they definitely shouldn't be comfortable sharing.
Maybe I should just put in an application at this point!
I do, too. Even though I feel like our timeline has been extended quite a bit.
There comes a time where the rubber must meet the road. That time is now. I know it, we all know it, and the markets obviously know it. Q3 was always my timeline to reacess my thesis, but now I'm doing that daily.
If they would just talk to me in a straight forward and helpful manner, then I wouldn't be like this. They won't, no matter what I try or how far up the chain I go. And they've always been just the opposite with me before. I encourage everyone else to give it a try and see for yourselves.
I'm at a bit of a cognitive dissonance here because on one hand I've done an enormous amount of DD and am more confident in this investment than perhaps any other in recent memory. (And I've made a string of enormous plays in the past three years)... But on the other hand, the way 2021 has played out so far, followed by the way they have communicated with me about it is an enormous red flag that would usually send me running for the hills.
This likely mirrors how the market feels in general right now. This summer is huge: the company, and us retail investors, must proceed with extreme caution.
I wonder what the huge surge in volume was mid week. I'd like to say it was likely some big accumulating happening for some big players, but my rose-tinted glasses have gone back in the case for now.
Still getting nowhere with the investor relations team about exactly what went down with the offering, and exactly what kind of numbers we can expect from recent developments. Disheartening to say the least.
I hate to see this community losing veterans and replacing them with the stocktwits crowd. I'll probably do like dh, and fall back until our next quarterly report.
Like jerseyboy, my average is low enough that I don't feel risk in seeing if management was for real about all the hype they generated over the last six months...
Good luck, boys.
Happy birthday, my man. Hopefully we'll be treated better next week on MY birthday!