Make it, but not at another's expense
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Chas, I think our best bet to get to NASDAQ is going to be one of the other two options, which is either $3 for 5 days or $4 for one day.
I don't believe the $2 option is sustainable due to the manipulation that we see. Holding $2 for 90 days given what we've seen over the last 6 months does not appear to be a tangible means to get to NASDAQ.
But the takeaway is we will be on NASDAQ around April in my opinion
Best to you and all longs!
Joe, One single line holds the gist of the PR: "I have no setbacks to report."
This will achieve Nasdaq, and those who look at the day-to-day gains/losses need to back away and zoom out.
I understand the concern some have regarding the current SP - it's not a great place, but if you zoom out to full view, you see the potential and future clearer.
I always push for details, and still want to see them, but I am confident in the company's future and them achieving Nasdaq around April.
We could have been there had momentum not stalled and things fallen into place earlier - they didn't, but the past is behind us and the future looks very bright.
Long-Term holds are for those with strong minds/hearts.
Best to all longs on IQST...
Just waiting for the slow & gradual move north. Flying under the radar keeps the shorters from flocking in. Bigger moves signal them to evaluate for shorting.
For those who aren't watching, the Nasdaq is getting pounded...from Jan 03 to now, it has lost 2300 points...
We need the bleeding to stop...
Let's hope for an end, and for this stock to hold strong and move up slow and steady.
Best to all!
IQST posted on FB (1h ago):
"Thank you for the candid sharing of your concerns and questions. We hate to sound like a broken record, but the growth is real and the financials will continue to show that. Yes, there are gaps in the news and the follow-ups but the financials show the trend of growth towards profitability are all being delivered as promised. That will continue to be the case and we will update you on all those info gaps as soon as possible."
Best to all Longs!
Today was a weird day...capping off retraces in Dow & Nasdaq with a slight green day. A bit concerned since we are still in Correction territory for Nasdaq.
Let's hope the bleeding has stopped, and the rest of the week will be rebounds.
Best to all longs!
Something to ponder:
The entire market is down, and Nasdaq is the worst performer, off nearly 40% in less than a year. We are planning on being a component of Nasdaq, and since we are considered a quality QX company, we will likely trend/track with the performance of the Nasdaq.
We will return, but it certainly doesn't help to consider that the talk has been that the entire market has been in yet another bubble, but of course that depends on who you speak with regarding the markets.
One common theme I hear regarding this whole inflation thing is: "It matters who you vote for, because they can make/break the market". I think of Jimmy Carter's time in office and the pains we went through then. Now with Covid, we are experiencing the effects of a lack of initial response to it & an initial long-term proper response. Now people don't seem to care, and that attitude will prolong this.
Regardless of your political ideology, facts are facts. We ignored it, and it killed people, and now it is hurting our economy & the worldwide economy.
Aside from that, the economy will turn around, and we will be better off in the long run, but the pain may continue for a while...
Hold tight, DCA if you have funds...the rich are buying these bargain basement prices...we should too.
Best to all longs! The market will turn. Do YOUR part to help the economy recover...it is tied to Covid.
tothe, I was in ILUS, did a multi-X'r on that one, and will likely get back in if/when it gets back to teens...too many OS for the stock, and the only way that will EVER get to Nasdaq is a 1:10 or 1:15 RS, but then again, RS's usually kill a stock.
It would likely recover after a few months, but would trade around $0.40-$0.60 after an RS.
Great little company...aggressive, but again the OS is killing it for me.
Best to you!
woofer, I agree. That is why the details of the agreement are critical to understand if this might (and I stress, might) be a reason for the SP falling.
Joe, they are more willing to speak with you in detail...can you confirm if this was the case? I have pinged them on it, with no response. would be good to know if the $2.75mil was a share exchange with no limitations.
I will say, that if the IB is the one doing this, they are a VERY shortsighted institution. They too have to answer to their investors, and if the opportunity for a 4X-10X was a distinct possibility and they just dumped out the shares for a small pop, they were VERY dumb.
Just my opinion...best to all longs!
Thanks...
Thanks Joe. This is the type of information they need to convey to shareholders. I had one of a couple of scenarios in mind for why the SP was falling.
Of course, a prime reason is that the Nasdaq (Tech) has fallen into correction territory, so that can affect all quality companies, and while there are some that are speaking about being on Nasdaq (ILUS as my example) are Pink, so speculation is more important than reality, and those Pink stocks rise when this segment is down because they are speculative.
I wondered if the contract for the $2.75mil included shares, and that portion of the contract was a done deal, and the potential 5.7 mil shares were being dumped into circulation because of that. Again, this is where the company could have easily provided an update on details.
All in all, I am glad this is not company driven. However, I have recommended that management reach out to the SEC to investigate the predatory behavior of groups/MM's for the stock.
I do believe we will get back to solid levels in short order, but it will be a task because there are inevitably going to be a lot of investors who bought in at much higher levels, and they are going to dump out as soon as they hit their break even point. This happens when a stock is repeatedly beaten down.
Thanks for the update! Again, this is good news!
Best to you and all longs! Let's hold tight and help others to realize the long term potential.
Agreed Tex. Nasdaq is officially in Correction mode...hoping next week will be better and rebound.
All in all, only a few truly speculative penny stocks are doing well, but then again, those survive because of pure hype...and they die quickly.
Best to you...end of this week is upon us. Next week, let's see what management has to say.
Have a great weekend folks! Remember, just when you begin to think the whole world is going to hell, You're on this side of the grass, so life is good!
woofer, not sure if the company would have purchased the shares as collateral for the deal ahead of time, and granted them to the IB in lieu of the $2.75 mil equity. Not sure that one makes sense.
At this point it is pure speculation on everyone's part (including mine) on the SP downward move, and the cause.
THIS is the reason the new years announcement was not thought out - it left too many questions and speculations. I get the paper signing in person due to Covid...anyone who has bought a home or business knows that you have to still sign in person, with identification, etc. before you can complete. That said, it could be performed outdoors if Covid and indoor environments are the concern...might be that one or more of the principle investors are sick and unable to sign on their end. Not sure...again, speculative.
Little details can screw things up. Having the proper guard rails in place can prevent issues like this.
Best to you
Belg, yes things will get better. There are some things that need answers. Is this dilution by the company? is this the IB diluting? Contract details (interest rate/shares/collateral/terms)
I mentioned in the past that we are tied to Nasdaq, and Nasdaq has dropped into correction territory, so tech stocks are getting hammered. There is even talk of another 10% drop...but, in cases like these, if you have capital, you DCA and when it recovers you are sitting pretty. We will recover.
Inflation fears are not helping...had the last administration acted instead of reacted at the onset of Covid, supply chain issues would have not been impacted as badly as they are, jobs wouldn't have dissipated, and people would likely be wanting to return to jobs where the public is. But as it is, it was politicized from the start & mostly ignored, hence the result is akin to two sine waves phasing out of sync. The problems caused by any prior administration are not going to all be evident immediately - they continue into the new administration by 1-2 years, so the inflation, jobs reports, Covid cases, stock market fluctuation, etc., can be traced back to the inaction on Covid from the start.
Sorry, I typically don't like to discuss politics, but felt a broader view of the "why's" was prudent.
Best to you and all longs!
Belg, those are not present with IQST...aside from the contract details being disclosed.
As far as credibility, unless they all want to enjoy a 10 X 10 cell, they would avoid issuing anything to the SEC that was in error, or outright fraudulent.
So, that said, the company is 100% legit - so let's move forward on the discussion of the SP and avoid "Enquirer" type of speculation.
Best to you!
...and we broke into the $0.40's...at this rate, we will drop quickly due to the continued downward pressure.
Now anyone, besides myself, ready to ask the tough questions? It is either the company diluting, the IB diluting or a concerted effort to kill the SP.
Thoughts?
Stockrisk, if this is the 5.7 mil shares being dumped into the market for the $2.75 mil equity, someone does not know how to write contracts.
IF, and that's a big IF, they structured a deal, they should have structured it to hold on sales until X date, with a maximum of Y shares to be sold by the holder per month, especially given their goal of uplisting organically. They should've known that dumping in shares of that amount would signal a significant drop in price, and the predatory groups/MM's would capitalize on that. Christ, I have gotten stock options many times, and they have a 2-3 year window before they fully vest.
IF this is a result of the dilution, then I question the deal guidelines. Seems like a poorly written deal (again, IF this is what is happening).
IMO, it could still be a concerted effort by shorters to borrow and sell into the market knowing full well that a continued assault would rock the faith in some investors and further tank the SP
Best to all longs...hoping the bleeding stops.
Morning all...weak chart all around for IQST. If you are waiting to get in, evaluate your buy in point. IMO, if we bounce to $0.50, we will break through into the $0.40's.
Best to all longs! If you have capital, these are really good buy points. If you don't, understand that we will recover...just depends on whether or not the orchestrated attack ceases. I am sure if they published the sellers information, it would likely show the same groups (like Sykes' bunch).
Either way, next week is likely a good recovery week, providing we are given some quality updates.
dh, if the 5.7 mil were dumped into the market, having mgmt explain that would certainly help, but I do not think that is what has happened. In order for the IB to have access to those shares (if it was the IB) the contract would have had to be finalized.
Having authorized shares would still mean that whoever granted them would have to have purchased them at an agreed price (usually lower than market)
If they were purchased as collateral for the $2.75 mil, that wouldn't make sense since they would need the $2.75 mil to purchase the shares, so they negate each other.
This is where the details for the IB remove all speculation.
Best to you!
Poker, I pinged management on reaching out to the SEC to examine the predatory behavior of the MM's and groups.
IMO, this is when you buy in to a company, after the new year...if you were going to dump for tax purposes, albeit a tiny write-off, you do it before year end.
I don't understand the downward momentum either. I would like them to examine who is trading into the market at the moment...if it is continually the same group(s), then they need to be made aware that they have now been put on a watchlist by the SEC...maybe that would make the locusts disappear.
Best to you and all longs!
Special Agent - Thank you, but there are quite a few on this board who are quite knowledgeable and even keeled.
At the moment, I too am negative on my DCA, and if I had more to throw at this stock, I would but as it is, I am in the same boat as some others who have gotten in after it was under $0.10.
For many, I understand the concern and only ask that everyone reevaluate their reason why they are here...I do this quite often when it dips below my zero point.
It's a good company with many irons in the fire - my only ask is to speak up on the other sectors of this company, rather than packing updates.
we've won awards, great! But awards don't do diddly to the SP. We're in bed with a Fortune 500 company! EXCELLENT! But we're not in bed for free...update us on the progress, revenues, etc...
My $0.02...Best to you and keep up the faith!
Big RDC. There are a lot of long investors on this board, as well as some that are newer. One of the things I have liked about this board is the straight talk that people have regarding information. I don't like over-hyping nor do I like bashing - keeping an even keel is what investors here should focus on.
Not sure if your comment was directed towards my recent comment or another posting on this board, but irregardless, taking a negative tone towards anyone who may be concerned with the stock price and the "why's" of it neither provides quality information or the "even keel" attitude.
Maybe a bit more focus on management to push for some SEC intervention, or a comment or two to them inquiring on the other aspects of the company and how they are performing.
Again, this isn't a "can't take the heat" moment...otherwise, those people who lost 50% or more in the crash of 2008 are "can't take the heat" people. Being concerned or questioning why we are sitting where we are is how any investor should be.
IMO, I would pursue the SEC and push them to explain why they allow people to borrow shares, dump those shares into the market, and when the SP drops, they repurchase the shares at lower prices, pocket the profit, pay the interest on the shares, and laugh at shareholders who "can't take the heat".
My best to all longs...stay strong...it will turn around.
If this downward pressure continues, we will break into the $0.40's soon. While I appreciate the "I'll buy more then" comments, for those here that are tapped with zero reserve, this retrace is not comforting, and the silence regarding other aspects of the business is deafening. I don't want to see minute-by-minute details on the shipping of the bikes..."they're putting on the plastic"..."now they are putting them in crates"...there are other sectors in this company, and allowing this stock to get pummeled is not good.
This isn't a whine, nor is it a change of heart for me about this company and the potential. But at this time, as shareholders (particularly new ones), we need solid support from the company. Maybe an inquiry request to the SEC? Not sure at this time.
All I know is that a 50% pullback from recent highs ($1.03) to this in a matter of a month is not healthy.
It's time for some meaty news from management...IB news details, M/A activity, Smart tank, etc... something.
My $0.02
Crawfors, even though the futures markets were slightly green, it's anyone's guess where we go today. The Nasdaq was only up a fraction this morning, and we are more tied to that than the Dow.
Looking at the 3 day/5 day, we are still weak and may fall a bit more. I am hoping it doesn't fall too close to the bottom $0.50's because then we start shaking support levels.
I am hoping that others see this as a buying opportunity, which would help to move us up, or just give support at this level. It's anyone's guess how the MM's structure the bid/ask...depends on which direction they want the price to move...easy to do with low volume.
My $0.02 on this.
iwitness, only a fortune teller worth their salt can determine if/when a stock will go up/down. For us, it's called DCA, so whether your zero point is above/below our current price, it's all about buying in when you can because the long-term SP is what anyone should focus on.
Now that they have established the IB, I would like to hear some details on the deal.
Hopefully the IB will have someone at their disposal to step in a guide the PR's, PROOF the PR's and maybe we can also see some guidance. Every major player gives guidance. We know what they anticipate for Revenues, but that is only one piece of the puzzle.
And I will even ask that they speak to where they see the company in 2-3 years...they can do this...i.e. sectors, growth, etc...and to irritate a few, speak to when they believe dividends will occur. If they are out 2, 3 or 4 years, speak to that...maybe they will never give them, since not all Nasdaq companies do. But it is one of those nagging queries. (Don't respond with the "not this dividend thing again"...it's a valid query.)
For now, details on the IB partnership, and M/A...would be nice to hear how they plan to get on Nasdaq organically if we are living in manipulation land.
Let's grow this company...Let's get this ball rolling again.
Best to all longs
Crawfors, hoping that the pre hours sells are not not indicative of today's movement.
looking at mid $0.50's for early trade, but the bid/ask hasn't moved yet to those numbers.
Best to you and all longs!
Kettleman, agreed. If we are greenlighted and have a few more big companies as customers, we can move up quite nicely, BUT, they will need to give strong guidance on this sector of the business. Hoping on some great guidance coming up, then if others want in, it will end up being a chase the SP for them...I prefer a slow steady strong move than a rapid rise, but time will tell.
Best to you
Anytime you transfer out of a deferred (post-tax) account (i.e. 401K) into pre-tax (Roth IRA) your taxed on 100%, but your age determines the tax rate.
Hope this helps, but I would suggest speaking with a financial advisor prior to your decision.
Best to you!
Looks like we are slow trending upward, so there might be that Green Day close after all...of course, this is if this trend continues.
Best to all longs...our days are coming.
Zadie, here is what I would address:
1) (Easy one) Get an English proofer for ALL PR's - I continually find grammatical/spelling errors. Some will say "you're focused on the wrong thing, but a multimillion dollar company should have check rails for little things like this.
2) Address the queries on the Smart technology, and what are the revenues (current/projected) and same for profits.
3) Give guidance for the company. They have done this with revenues, but they need to address the profit side of things. Also, I see no reason they can't speak to future dividends and when they would likely begin to appear. I don't care if they are 2 years out...speak to the likelihood.
4) They need to speak to ALL sectors they are in...I suspect they will do this closer to the 10-K, but if we are in profit mode at the moment, speak to that now and what the potential projected profit will be at the end of 2022, and how that will be used. They need to speak to lagging areas and those that are profitable...to coin a phrase "show me the money"
5) I get the M/A, but they can speak to where they are, and where they are going with this. We got into bed with the IB for $60mil, so how will that be used. I still haven't heard word one on the terms. Is stock involved? Interest rate?
I am sure I can come up with some more, but these are areas I would focus on for now...
Best to you!
Iflhdy, hoping you are right...although at the moment, all signals are trending down...as pointed out last night, our RSI is low, and the Bolli bands are miles apart...
We shall see...would be nice to trend up and close green today, and set us up for a slow movement next week.
Best to you
Gonna be a bit bumpy this morning I think...looking at the 3 & 5 day trend, we are in a selloff mode...not sure if this is a result of shorted shares flowing back in, or legit sells due to people having worries (albeit unfounded worries)
People need to take off their short-term lenses and look through binoculars instead. Looking out, you see the potential...short term, a person can get worried. Not because of the news/PR's, but solely on the SP.
Relax...take a chill pill, and sit back.
Best to all longs
Joe, I agree and post on their board regarding the OS being over 1 billion, that they need a 1:10 or 1:15 RS to get in alignment.
I did a 3X on that one a while back. Good products and aggressive team, but Pink.
Anyway, a minimal dividend here of .001 per share is only $146K...
It's just a thought...let's see what the next month brings.
Best to you!
Everyone. Wanted to throw this out there since I have mentioned it in passing.
I realize that ILUS is not IQST, but ILUS has the same goal to get on Nasdaq, and while they too are building their company, they realize that there are methods to achieve the SP goal.
I am NOT invested in ILUS at the moment - I was in the past and sold around $0.40.
Just tossing this out to the group as fodder for conversation.
Gigantor, we are looking around March for that, but a lot can happen before then.
Last year was an NT filing for the 10-K, at the end of Mar.
This is going to be a nice Q1...
Best to you and all longs!
train, I have suggested a few ideas, but to cover your post:
1) The R/S will not happen - mgmt has stated such
2) Stock options as a means to reward shareholders - can be done, but not sure how much this impacts the SP
3) Company stock purchase / retirement - could reduce the float & OS count, but not sure the OS is a true issue given the quality of this company
4) Pay dividends, albeit a small one. Would need to be something like 1/10th of $0.01 per OS which equates to ~$141K...dividends attract investors
Aside from those, achieving the $3 or $4 SP will likely be achieved right around the 10-K time, if not sooner. I imagined a dividend popping at the same time to really give the price a boost. Given that a lot of quality stocks pop during Q1, let's see where we end up.
The volatility in OTC stocks tells me that we need to shoot for the $4 mark in order to qualify since that is a 1 day qualifier, but Nasdaq can impose a 5-10 day additional moratorium on the SP sustaining depending on how quickly/volatile the SP hit that mark.
Best to you and all longs!
Zadie, yes stock options work, which is exactly what you are describing. That said, the company would still need to purchase those shares to give away, and while stock options are very nice, they hold almost a fair purchase price at the time of the granting.
The dividend option might be less costly, depending on the number of shareholders at the time of offering. Assuming 10K shareholders, with the option to purchase (discounted) shares at $0.60/share, it may be less costly. It depends on how many shareholders there are and how many shares are granted to each, but I would not go on a 1/10th basis of shares owned unless they put a limit (i.e. 1/10th up to a max of X shares) in order to control the cost output. Some of folks on here own 3+ mil shares - that one person would be the recipient of 300K shares ($180K)
This is all speculative, especially on my part. I do want them to grow the business, but also want them to achieve their Nasdaq goal on SP.
IMO, nothing is off the table to grow SP to get on Nasdaq...given the volatility we have seen, IMO we need to hit the $4 close price to avoid the manipulation that goes on.
Best to you!
Crawfors, I can dream! Even if they offered 1/10th of $0.01 per share, that would only be $141K, which in this case is a pittance.
Having dividends attract Longs, especially if they can begin speculating on future dividends.
I agree, the business is important, and yes they are doing their work in the background, but even with all the great news they keep pumping out, we are either manipulated down through shorting, or shareholders are tiring of waiting.
I agree that we are sitting on a goldmine, but imagine what would happen, if the BOD (at the time of the 10-K) state a dividend along the lines I suggested...the SP would rocket and sustain, allowing them to qualify for Nasdaq, and then its off to the races!
Then, based on SP and the strength of the company, they might even be able to forgo the additional IB money and grow organically (aside from the $2.75mil).
My sentiment on this...Best to you!
Uh, they likely have that person defined. And while I understand their first language is spanish, having a fluent english writer/proofer is absolutely key.
The PR info is great, but for those who parse those messages, grammatical/spelling issues detract.
They are almost there in how to write quality PR's, but need a tad more work.
I'll volunteer if that helps them...I'd even sign an NDA to proof them.
Zadie, Agreed. Guidance on profitability and (if relevant), dividends. They should have guidance defined, IMO, by end of January. They have issued guidance on the company goal of $90 million for 2022, but profitability is key to PPS growth.
(added) If they were to give dividends, that would rocket the SP.
At a minimum, get rid of the PR person...found 2 glaring errors in the last PR...geesh.
woofer, that is something I think we all want to know. I have not specifically seen how much this can generate. Not sure if they stated what the potential would be, so at this point I will defer to another member on the board to fill you in...
Thanks!