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gosox These reputable people is an important reason why I am still in this stock. Recently I have made a substantial investment in a NASDAQ stock that does not seem risky to me because the p/e ratio is only about 15, expected growth in earnings this year almost 30% and net profit margin about 13%. I will give the ticker in a private post.
gosox Sensible comments in my view. I would be surprised if these contracts are real. I still own almost 2 million shares and therefore hope they are real.
Imindog Does anybody believe you considering your negative posts?
I agree with the views posted by karlacom3 and aandt.
Good post aandt!
Serpico 27 million shares have traded today. The pps is down. The otc is for trading some say. It may have been a good time to take profits.
imindog I apologize for posting here. This liar has blocked me from posting private posts to him. His outright lie is the following: "He has no pockets and has never been invested in this stock clearly!!" I repeat that I sold 222,000 shares in IQST a few days ago. I feel relief that I am no longer invested in this stock of make-believe.
RD As you can see the bid is just about 50% of the asked price in HERB. If I had been able to buy shares for 5 cents I might have bought some more. But the other day Alpha ???? recommended a NASDAQ stock that looks cheap regarded as a serious company. Last year revenues grew a bit more than 40% and profits more than 100%. The p/e ratio based on net earnings last year is about 15. That looks very cheap to me taking into consideration that net earnings are projected to grow about 27% this year and future prospects look very good.
coot I suggest you document your allegations about what I have stated that I did. It is true that I first bought about 100,000 shares (forget the exact number). Then I reduced my stake to about 67,000 shares to find money to invest in SPZI. After that I have sold most of my shares in SPZI and increased my stake in this company to 222,000 shares. Very recently I sold all those shares.
"So fundamentals are worthless..only charts guarantee success?" In this case the charts are based on the actions of a lot of ignorant fools I think. If that is the case the charts may be a very dangerous trap.
oldman I may tell you in a private post in a few days. I spent about half the money just minutes after selling the shares. The remainder of the money will be wired to my bank in the country I live and I will use my national broker to buy shares in the same company. My US broker does not allow me to transfer the money straight away. I prefer to make a few different transfers in case something goes wrong. I received a small transfer this morning since I wanted first to check that the money arrived in my bank account, which it did. I am selfish to the extent that as a principle I don't communicate to others which stocks I buy shares in before my purchase has been effected. In this case I realize that the company involved has such a high market cap that it is very unlikely that it would affect the ppsI have to pay for the shares I am going to buy, but I choose to adhere to a principle.
cootcat I now understand one of the reasons why your country has declining respect in the world. In my country people trust each other. It is a great advantage for a country to have inhabitants that trust each other. One poster just stated that he thinks I have never owner any shares in this stock. You think I lie when I stated that I have sold all my shares. I have stated repeatedly that I had 222,000 shares. To be a bit more specific I sold my last 65,400 shares at a pps a little above 35 cents.
Imindog "The fact that you exhaust time and energy in a stock you have never owned shares in we all know !! " I must admit my respect for Americans is declining. You elected a President that tried to subvert the result when he did not win. Even so, he still stands a good chance of winning in November. Is the USA a democracy? It has happened time and again that posters contest my information about my stake in companies when I write negative posts about these stocks. You have stated that you own a lot of shares in this stock as far as I remember. You have written very negative posts about this company too. Why do you assume that I lie when you do the same sort of thing?
RD At least as far as stock prices are concerned you have a point. My view is that SPZI is probably wholly or largely a swindle. There is next to no documented information available. The pps is up several thousands percent since December. But a lot of shareholders seem to "buy" all the dubious and extremely positive "information" presented by the person who now has full control of the company. He appears to have a dubious past. I soyld most of my shares but still own some shares. In IQST the leader of the company and a couple of dominant posters try to communicate that itis growing revenues very fast and if the company is barely profitable that justifies an extremely high market cap in relation to profits. The whole focus is on revenues. I don't buy that line of reasoning and sold my shares after I have tried to assess the most realistic prospects.
Dear Laxmi,
"I deeply appreciate Karlacorn and I will definitely be posting the updates" Thanks! I would like to mention that it is possible to post updates when that is natural and to only post contents that are ok. in a public forum. I think we as shareholders or owners of tokens deserve updates in this forum by you or somebody you entrust to do that. But it may not be a good idea to discuss questions that relate to our investments between yourself and other employees in this forum. Perhaps such discussions should be undertaken in that other forum - Telegram. Moreover, it may not be a good idea to engage in discussions with posters who may not even have a financial stake in your various businesses. It may be a waste of your time and lead to nothing of value for anybody. As an old man I hope I am able to present some good advice....
Boiler In 10 years it may happen if the company does reach a pps of 2 dollars if it does not go belly-up in the meantime because it is the victim of some headwind owing to its lack of substantial net assets. Posters here must have little self-confidence since they are so quick to pounce on me when I quote a statement that I question. Let's me add that I have done a thing people have asked me to do. I have sold all my shares because I found a recommended stock that to me looks way more attractive than this stock. Last year its revenues jumped more than 40% and profits exploded more than 100%. The net profit margin is more than 10% and the p/e ratio is less than 15. The shares trade on NASDAQ and prospects look very good. This company appears to have a great competitive edge and uses AI for this purpose. It has only existed for a few years and most of net assets is not by selling stock but by retained profits. Can the few of the posters who comprehend financials see why I regard the stock I refer to as much more attractive than IQST ?
Thanks for reducing uncertainty and explaining things Laxmi.
moneyman "Taking a step means taking a step closer to uplisting". Could you provide a list of some possible steps or is it just verbiage?
Poboyjim "Let's be profitable and take our next step toward uplisting!!!" The next step to uplisting would have to be a reverse split to make the pps jump to more than 2 dollars. Do you really go for the next step?
RD Thanks for the update!
DR Are you sure the company manufactures anything at all?
jdc I just referred to once instance he posted old information. I don't know to what extent his other dd may or may not refer to what has been posted before too.
RD To me the following about on OTCMarkets looks new. Is it?
Market ActivityStockITUPOverview
ITUP
Interups Inc.
Common Stock
Overview
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Company Profile
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This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Warning! This security is traded on the Expert Market
The Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market here.
Open
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Real-Time Level 2 Quote
MPID
Bid Price
Size
Time
ETRF 24.90 >year
CDEL 21.92 03/16
MACM 18.95 >year
NITE 18.95 >year
CSTI 18.55 >year
MPID
Ask Price
Size
Time
INTL 19.40 >year
NITE 19.40 >year
MACM 19.43 >year
MAXM 20.11 >year
CANT 22.05 >year
No Real Time Level 2 Quotes Available on Expert Tier
Trade Data
Date
Timestamp
Price
$ Change
Volume
07/24/2023 15:17:26
0.0004
0.00 100
03/13/2023 12:45:17
0.0004
0.00 260
12/07/2022 09:51:37
0.0002
0.00 1,350
12/29/2021 09:41:55
0.0001
0.00 5,000
11/22/2021 10:03:07
0.0001
-3.00 100
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Irregular/odd lot trades, which are not considered for the Open, High, Low or Closing prices, are not shown in trade data table.
News
Interups, Inc. Announces Louise Jones as Chief Executive OfficerPRNS | 11/07/2016
Interups Inc. Announces Appointment of BDO India LLP as AuditorPRNS | 06/13/2016
OTC Markets Group Welcomes Newly Verified OTCQB Companies – May 16OTCM | 05/16/2016
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Filings and Disclosure
Form Type—8-K09/28/2021
Form Type—15-15D09/24/2021
Form Type—8-K08/31/2021
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Company Description
Interups Inc. Company Logo
Interups Inc commenced its business operations with the main objective of becoming a diversified services holding company. Our vision and intent is to acquire, invest and manage stressed but viable assets and opportunities in India through controlled subsidiaries in US specifically structured to maintain dominant control over these core assets so it mitigate risk and fuel global growth. Likewise, we are sphering to act as distributing/introducing partners for Indian institutional and retail broker firms entering into US Markets, thus becoming a connecting bridge of east and the west. Summarily, our proprietary model attempts optimizing stakeholders' returns and that of all concerned. ITUP Core Differentiators - Strong leadership team with cross border expertise - Bridge between USA and India; - India, the fastest growing large economy in the world, as core focus - Key partnerships with reputable online brokers, distribution networks, AMCs and sovereign funds; - Access to capital pools; - Proprietary business model optimizing stakeholder returns
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Boiler
"For IQST even your bearish guess of 2M net"
I suggest you read the projections coming from the company. As far as I remember the company has twice - one of them very recently - projected net revenues of 500,000 dollars per quarter this year. I therefore use the information from the company if my memory does not fail me. You can check if it does. Note that I just posted a very strong bid side.
Strong bid side!
MPID
"Bid Price
Size
Time
ETRF 0.294 78,540 10:15
CFGN 0.281 2,500 10:15
GTSM 0.28 301,116 10:15
INTL 0.28 2,500 10:15
MAXM 0.2733 2,500 10:15"
jdc I did not say that at all. I just pointed out one piece of dd which appears to be correct and which is actually old news. He has a challenge because he does not seem to be familiar with older dd since he is a newcomer here,
KAM
"IMO the only logical conclusion I can draw is this---
John K. Park/ JP3E does not own the apartment complex at 510 Hamilton--- he’s apparently THE MANAGER"
You here discover what was pointed out here months ago.
Boiler "TMUS (T-mobile) is an excellent example Snow. Looking at their valuations, they first became profitable in 2013 showing a net income of 35 million. Their market cap in 2013 was 26.97 billion. That was a P/E ratio of 770." I have checked he most recent 10K. It shows a net profit margin of about only 3%. This suggests that profitability among telecom companies is very low and that there is little chance that IQST will ever achieve a net profit margin any higher than 2-3 percent.
The market cap in relation to the bottom line and growth by acquisitions as the way of growing fast can constitute virtuous or vicious circles. If the market cap is very high in relation to the volume of revenue/and or profits a company can acquire very attractive companies without reducing net assets per share. This makes it fairly easy to increase earnings per share by selling shares at a lofty price. This is a virtuous circle.
IQST is much cheaper in relation to the bottom line. It will therefore have to issue a relatively high number of shares to pay for quality acquisitions or acquire less attractive companies at a fairly low price. This constitutes a vicious circle. In this situation it becomes demanding or impossible to grow the net profit margin because the acquisitions have low profitability. The recent big acqusition is a case in point. It has a net profit margin of only about 1%.
imindoge I have checked the p/e ratios of a few of the biggest telecommunication companies. They range from about 10 (CMCSA) to 23 (TMUS). It is interesting for me to see that another poster seems to have arrived at roughly the same conclusions that I have when it comes to the pricing of this stock. There are two superoptimists that are able to argue on this board and two sober posters and several posters who seem unable to support their very optimistic expectations by reasoning.
Boiler We are both here with agendas. Your agenda is to post a rosy-tinted picture of the situation. My agenda is to balance that picture by drawing attention to negative perspectives. The net result of our agendas is a more balanced picture of the real facts. According to your perspective it is crucial to grow very fast by acquisitions. The challenge is that they have to be acquired on the cheap because this company is not in a position to pay for successful companies with outstanding prospects. The risk is that thrash is acquired - thrash which is not able to have a nice net profit margin because of a lack of competitive edge. Let's see how much the net profit margin advances during the first quarter this year. With my 222,000 shares I will be pleased if there is good profit in the net profit margin.
Boiler "Underlying value continues to improve in direct correlation with the fundamentals. But is does have a major impact on the short term and that impacts the company's ability to raise capital etc...."
The fundamentals involve many different things. One of them is the relationship between revenues and net assets. If revenues triple and net assets barely increase the vulnerability of the company jumps. Companies with very low net assets like this company don't usually thrive when rates of interest are high. It is now assumed it will take quite some time before the rate of interest which has been increasing recently will come down because inflation is higher than expected. This is not good for a company that finances its activities by borrowing money or selling stock because the profits are minuscule?
I suggest you do do some pondering as to why it is impossible for this company to finance the recent acquisition on decent terms. Is it because the potential sources of finance are run by stupid people who don't know how little risk it entails to finance this company or is it because they understand how high risk it entails?
moneyman Since I still own 222,000 shares in this stock the reason for my stupid posts must be that I am dumb. I assume that the contents of my recent post testifies to this conclusion.
Big buyer CSTI 0.28 300,000 09:30
Boiler "And if I look at ihub, you've made 30 posts all negative about the stock since Saturday." When I read your post I better understand why your views on IQST seem to be so far off from reality in my view. I have counted my posts in the time frame you mention and I arrive at a number that is less than 50% of your number.
"You're basically flooding the board with negative, which discourages buying and potentially influences more people to sell pushing the price lower and costing you even more than the $17,094 you claim to already be down since Friday. Why would you want to do that?"
It is a fairly gross exaggeration that I have been flooding the board with posts in the time frame you refer to, I find a total of 69 posts and as far as I can see I have posted about 16% of them. If you check you will see that the vast majority of them are in replies to posts I disagree with. These are mostly posts by people who are very optimistic about the prospects of this stock but who seem to lack the intellectual capacity to adduce reasoned arguments supporting their optimism. Since those who disagree with me represent the overwhelming majority of posts my 16% of posts create a somewhat better balance between optimists and pessimists.
I have posted on Ihub for more than 20 years. Time and again I have read that posters think the Ihub boards have little effect on the stock price of the stocks that are discussed. But of course this varies a bit. If my posts are marred by weak arguments I would assume that they have little effect on the stock price. If my arguments are cogent I would assume they have more effect on the stock price. But if that is the case I would think those who read this board deserve the chance to read my points of view. My guess is that Ihub has not that much effect on the pps. One reason for thinking so is that Stocktwits seems to be a more active board regarding IQST. You are yourself posting on that board. There are few negative posts on that active board.
Why is the pps down sharply in a few days? I think the reason explaining it is more or less the same reason that caused the pps to drop very sharply after I bought a substantial number of shares a few months ago: fear of more dilution. I read a post suggesting that the number of shares that will function as collateral for a fairly short-term loan (35 million shares if my memory does not fail me) was higher now than what was published some months ago. I also seem to remember that you yourself suggested that there was no change. Was that correct?
My general intention with my posts is to contribute to shed light on the postive and negative factors that can be expected to affect the future stock price. Since most posters post to try to influence the stock price upwards for their own benefit there is usually little need to post things that are bullish. But there is often a need to post bearish points of view. Thus my view is that I play a useful role when I post bearish points of view. If my points of view have flimsy underpinnings it should be easy for bulls to sap my arguments.
I hope that I possess some modicum of integrity. If you only trust self-serving justification for my mostly bearish posts here I will mention is that my posts ought to be a challenge for the bulls. It is useful for me in my investment decisions to see if the bullish shareholders are able to point out grave fallacies in my reasoning.
woof As I have stated repeatedly I own 222,000 shares in this stock. I have not checked but right now I am in the red I think. I think the plunge is a bit excessive in relation to the recent negative news.
From the 10-K the first row refers to 2023 and the second to 2022
"TOTAL LIABILITIES 14,109,781 6,714,067
Stockholders' Equity
Preferred stock: 1,200,000 authorized; $0.001 par value
Series A Preferred stock: 10,000 designated; $0.001 par value,
10,000 shares issued and outstanding 10 10
Series B Preferred stock: 200,000 designated; $0.001 par value, 31,080 and 21,000 shares issued and outstanding, respectively 31 21
Series C Preferred stock: 200,000 designated; $0.001 par value, No shares issued and outstanding — —
Series D Preferred stock: 75,000 designated; $0.001 par value, No shares issued and outstanding — —
Common stock: 300,000,000 authorized; $0.001 par value
172,129,630 and 161,595,511 shares issued and outstanding, respectively 172,130 161,595
Additional paid in capital 34,360,884 31,136,120
Accumulated deficit (26,084,133 ) (24,504,395 )
Accumulated other comprehensive loss (25,340 ) (33,557 )
Equity attributed to stockholders of iQSTEL Inc. 8,423,582 6,759,794
Deficit attributable to noncontrolling interests (377,710 ) (924,377 )
TOTAL STOCKHOLDERS' EQUITY 8,045,872 5,835,417"
As I mentioned in the previous post Goodwill represent about 5 million dollars of the net equity of about 8 million dollars. As long as profits are so marginal the real value of the goodwill looks dubious to me. It suggests that the subsidiaries create little in the way of profits.
RD Thanks! What you state suggests that perhaps Digishares uses the Ethereum blockchain technology?
BSmart
I know better than you what my motives are but I have met similar responses so often over a period of more than 20 years that I am not surprised about your reaction. What is the purpose of Ihub? The way I see it the purpose is to discuss stocks in the hope that optimistic and pessimistic points of view will give those who read the posts a better basis for investment decisions - is it a good idea to buy or to sell the stock involved? For shareholders it is extremely valuable to have a realistic view of the prospects of a stock, including both potential for appreciation and risks. My view is that both of us provide useful points of view in this context.
I know that the prevailing attitude among US investors or speculators seems to be to try to use Ihub to promote stocks. They are not interested in seeing unwelcome facts drawn attention to. I sometimes act as the devil's advocate even regarding stocks I am heavily invested in. It is useful for me an it should be useful for others to see if the optimists are able to argue convincingly that negative perspectives rest on a flimsy basis.
At the age of 81 I have been in the stock market for about 50 years. Although I am a European I have visited American companies and talked to managements. A few months ago I bought a little less than 100,000 shares in this stock which I was alerted to by S.A. Advisory. When I became convinced that SPZI is most likely a scam I sold most of my shares and increased my stake in t his stock to some 222,000 shares. The bulk of my tradeable US shares are now in this stock. I am therefore extremely interested in the most probable future prospects of IQST. I note that posters here seem to disregard totally my points of view. Thus I see little reason why my points of view will have much influence on the stock price.
I
One aspect of this stock I would like to draw attention to that I regard as very negative is net assets. This company has sustained losses to the tune of a few tens of million of dollars. It appears to have sold a lot of stock. Net assets were at the end of last year about 8 million dollars. 5 of those 8 million are goodwill. This suggests that IQST has paid much more for the acquisitions than the assets on their books. Apart from goodwill this company has net asets of only about 3 million dollars as against a market cap of more than 50 million dollars. The downside if things don't work out well is very deep.
I did not state that IQST is not now profitable. Based on the projections of management IQST will be barely profitable this year. Not long ago he projected a measly operating income (which is normally higher than net income) of 500,000 dollars per quarter this year despite the fact that income from the new acquisition will be included for 3 quarters this year as far as I remember. Revenues are expected to be about 300,000 million dollars. This implies a net profit margin this year of well below one percent. Since the gross profit margin is so low I cannot see how a decent bottom line can be reached in two or three years.
RD There is another point that puzzles me. My impression used to be that the platform Digishares was the one to be used. More recently I had the impression that Digishares was not to be used any longer and had been replaced by Etereum and I think you presented a schreenshot about RISO using that platform. Has the latter been discarded and there is a return to Digishares? I understand that cooperation with some big banks in Europe could make that change of trading platform desirable, since my impression is that Bitcoin and other trading platforms like Ethereum are regarded with suspicion by some banks that fear laundering of money.
BSmart The remainder of your post is about growth in revenues and no comment on what sort of net profit margin you expect during the next couple of years. If the shares of a company are cheap, which you seem to think is the case, it is very expensive to grow revenues by making acquisitions and dilute to to so. If IQST is able to borrow money the interest rate can be expected to be very high to reflect the high risk to the lender. This is exactly what has happened. Very high collateral is required to compensate for the high risk of even a short-term loan. In this context it looks like wishful thinking that long-term financing can be achieved on good terms.