Make it, but not at another's expense
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woofer, (someone correct me if I misrepresent): they went through a testing phase, and after proving the product worked as stated, they installed 2500 units with a single customer, and have been moving forward ever since.
One of the great things about IQST! among the many!
Nice award! Hoping this plays into more contracts for the Smart Tank!
On a side note: for anyone who has management's ear, please, for gods sake, fire the person who either writes or reviews the PR's...
"Other IoT Breakthrough Award recipients include Bosh, GE, Apple, and Lenovo among other recognized brand names."
It's Bosch!!
"The IoTSmartTank device is currently deployed and operational. iQSTEL announced last August the instillation of 2500 devices in a contract with a Fortune 500 chemical company."
It's Installation!!
Geesh
Best to all Longs!
Mac, Agreed. The company has stated NO R/S. Hoping that nullifies any future discussions on the topic.
They stated they want the "organic" price to allow for Nasdaq uplisting, and I believe they will hit that.
The only concern I have right now is inflation and how that will affect the typical Q1 runups that a lot of OTC stocks see. If inflation doesn't affect IQST too much and this is timed right just as the 10K comes out, if we are riding high, the 10K will show profits and help sustain through the uplist process.
Then this will be off to the races and anyone who has sat on the sidelines will be quite the sorry character.
Best to you!
Iflhdy, true, they do have costs associated with the bikes, but the pictures appear to be from China (most things are made there) and I can tell you from experience, that manufacturing in China is extremely cost effective.
The Chinese mfr's buy from other Chinese companies, so costs are very low, and to top it off, labor is the cheapest component in the equation, unlike the U.S.
They have an attention to detail that is very high, and they do not complain if they have to do more work to complete their tasks.
Awesome work environment and work ethic!
That said, profit will quickly follow...I would have liked to see them produce a scooter version as that is the primary vehicle for many in China (Shanghai), although they have a TON of millionaires there and tons of cars, it is VERY expensive to own/operate a car...especially one with a license plate with "8"s in the number (the more "8"s, the luckier you are, and richer)
Falling a bit into sell territory...not much, but momentum is lagging a bit and might encourage a bit of selloff.
Watch your signals if you are getting ready to hop in.
Best to all Longs on this one!
Running, I have ZERO skin in this game. Time will prove you or I as right.
This will likely see a pop due to OTC always popping around Feb, but after that, it will sink and retrace.
They have to meet all Nasdaq requirements, including equity, and while nasdaq does allow for variations to uplist, they also can impose a 5-10 day additional wait to the requirements if the price is achieved through a rapid volatile move.
That said, the OS needs to come down...this is NOT a multi-Billion dollar company...it has great product, but let's be real.
My best to you...hoping you make your coin...but others will get hurt.
CentHill, this would be the R/S. There is no way forward for this company with over a Billion Shares outstanding. They have 2 paths for this:
1) purchase 900 million shares (@ $0.235 would be ~ $211.5 Million)...or
2) a R/S
Reality will set in when it dips to the teens. Unfortunately, an R/S typically kills a stock...although it would recover eventually, those holding at the time would likely get crushed.
It was pointed out that I do not own this at this time, and that is correct. I sold at the high when I saw retrace coming. I will buy back in in the teens, and not until then or after the R/S occurs, because this company does NOT have $211.5 million in liquidity to purchase and retire shares.
Nebula, where they went wrong was not addressing the OS reality. I posted here, and even owned here, and will again once it hits the teens, but they need to address the 1.1 BILLION shares. They will need to perform a RS, even though it will hurt a bit, but it needs to be 1:10 or 1:15 to get this stock back in alignment.
Look, you can't continually spend, spend, spend and not have it catch up to you. Acquisitions are GREAT! but you can't spend your way into fame and fortune.
ILUS has great products, but reality is setting in...this should be sitting around $0.12 right now, and with an RS of 1:10, then you are over a dollar, but until they do this, reality is that this is not a Billion Dollar company.
If there are those who want to continue to hold on, that's their choice...but it is ill-advised.
train, some investors have a "buy on hype & sell on news" mindset. This is great news, and there will be a time when those investors who second guessed this investment will check on the ticker, and see they truly lost out. We likely have some who wanted a quick pop, bought in a bit high, and just want out...that's fine.
Time has a way of slapping reality into people.
Best to you!
Crawfors, for a lot of investors, it's the QX and the space between $0.68 and (most likely $4 given volatility of OTC) that is scary as they are looking at a ~6X to get to Nasdaq.
You know the drill...it's the "show me" principle. While I, You, Joe, and a good handful here realize the potential long term, some only see OTC.
Think of how many have been lied to in the OTC world, even though this company is nowhere near those tickers.
Look, folks, this is a LONG TERM play, but I even hesitate to call it a play, since it has all the earmarks of a quality company, well-diversified, pandemic proof, etc., so ignore the QX and realize they have hit all the promises they have made...
A year ago, we were Pink...then QB, now QX...next step, Nasdaq.
If you are of the "Microwave Generation" you will never see this potential because you want it all, and you want it now. That is disappointing.
Best to all LONGS!
Thanks Leandro! Great news!
One picky point, please "SPELL CHECK"
The busines development activity surrounding our strategic financing is ramping back up to speed in the new year following the holidays and we anticipate new updates coming soon leading with a counter signature announcement on the $60 million term sheet.
Busines should be Business
Hyphen "Counter-Signature"
Sorry...I tend to be a bit particular.
Best to all longs!
Zadie, I work in this type of industry, so what they have already done is define a distribution channel and retailers...there are a LOT of businesses that retail product like this (non standard vehicles, i.e. Yamaha, Suzuki, Honda,...)
No retailer is likely to turn down an opportunity to retail a new product providing the margins are there.
Best to you...
Thanks ME93. I posted information on this document after speaking with a gentleman from the Nasdaq uplisting information group. I was unable to confirm the # of day requirement for $3 & $4 in the document, but after my conversation, this is what he told me.
The gist of the conversation: (we already know of the $2 for 90 requirement)
1) $3 for 5 days, not 4
2) $4 for 1 day
This following part I am only including as a future reference for other stocks:
If a company performs a RS to achieve either of the 2 options above for $3 & $4, depending on severity of the R/S, Nasdaq can place an additional 5-10 day requirement on sustaining the price point.
In other words, if you have a $3 target, but are sitting at $1.00, and perform a 1:3 R/S, you not only have to wait the 5 days, but an additional 5-10 days. Same for the $4 point if you R/S (1 day can become 6 days up to 11 days) to sustain the $4.
Thought I would help clear the air for everyone a bit since I was quite curious myself, as are a few others on this board.
Best to you and all Longs on IQST!
OK, regarding Nasdaq requirements:
I emailed them at staffinterpretations@nasdaq.com to get the accurate information on the uplisting dollar price/days and oddly enough I received a phone call back.
This was my query:
Good morning.
I have read the PDF on the listing requirements. I have been told there are 3 variations for Bid Closing Price to qualify for Nasdaq, but have only been able to verify one: $2 bid closing price for 90 consecutive days.
Can you tell me if the below options are legitimate options for qualifying?
$2 Bid Closing price – 90 consecutive days
$3 Bid Closing price – 4 consecutive days
$4 Bid Closing price – 1 day
Thank you in advance!
We are all aware of the 90 day @ $2, but according to the gentleman I spoke with there are the two other options.
1) $3 for 5 days, not 4
2) $4 for 1 day
This following part I am only including as a future reference for other stocks:
If a company performs a RS to achieve either of the 2 options above for $3 & $4, depending on severity of the R/S, Nasdaq can place an additional 5-10 day requirement on sustaining the price point.
In other words, if you have a $3 target, but are sitting at $1.00, and perform a 1:3 R/S, you not only have to wait the 5 days, but an additional 5-10 days. Same for the $4 point if you R/S (1 day can become 6 days up to 11 days) to sustain the $4.
Thought I would help clear the air for everyone a bit since I was quite curious myself, as are a few others on this board.
Best to all Longs on IQST!
I am so glad we are seeing a reversal...signals were weak this morning but not excessively weak. Based on historicals, I was expecting a minimal pullback, but it only went to $0.65 so that was good.
Let's move up slowly so as to not attract the vultures.
Best to all longs!
If you are considering investing in IQST, the charts are a bit weak, so we might see a bit more pullback, but not a lot. The RSI is a bit low hovering around 40...if it drops below, then it will pull back more. All momentum is on the bottom side at the moment.
The Nasdaq is recovering a bit at the moment as well, and we are tied to that a bit (tech sector)
might touch $0.63 again...
Best to all those looking to IQST as an investment & all longs!
Zadie, agreed. These are the things that need to be communicated to the shareholders. If they are going to dilute to achieve the $2.75 Mil, then state that as your intention - not sure they pulled that out specifically for that purpose, but either way, communicate.
I realize there are going to be those that say "they don't have to communicate everything" and for the most part you're correct. You want to buy new office furniture, go ahead. But if you are diluting the OS which affects the SP negatively, this needs to be communicated.
I have seen too many companies use the approved shares as a cookie jar, and before you know it, there are no more cookies, and you are 2 billion OS in the hole (ILUS is an example).
This company has too much going for it to make the wrong moves. Was this part of the IB deal? If you secured the $2.75 from the IB, then why dilute ? Is this part of the M/A?
Look, each of you shareholders OWN a bit of this company...if you owned 50.1%, you can tell the BOD to go on the roof and flap around like birds, and they better do it.
As smaller shareholders, YOU (we) have a voice in how the company manages its way forward. It's the same with all companies.
While this company is going to see a huge light at the end of the tunnel is great, they need to make sure they communicate with the shareholders when they are going to go to the piggy bank. They don't have to say "Hey, we're buying company ABC on 1/21", but rather, say "Hey, we issued shares to complete a deal for part of our M/A and will communicate the details once completed"
Simple.
Now, I am not "Joe" with a goal of 5 million shares, although that would be nice, but we all need to be realistic...there are a lot of new investors on this board (and some jerks) that rely on solid advice from the Longs with knowledge on this board. I realize some will say "they need to do their own DD" and that's fine, but help, don't hype. Constantly saying "we're going up" when we are dropping at the moment takes your credibility away.
I realize it will go back up, because it DOES has good fundamentals, but don't attack those who bought in at $0.85 and are seeing their portfolio down and are upset - they have a legitimate gripe at the moment, even though, again, it will go back up.
Again, HELP, don't HYPE. Be realistic and truthful even though it's hard to do that with complete "tools"
Best to all Longs...give it a month or so for results folks.
Iflhdy, this is something they NEED to answer. A "let me see if I can" is not a quality answer.
They have indicated that the BOD has stipulated they develop a path to Nasdaq, so they don't have to say which one they are going to take, but they can surely give you the potential paths and info regarding option 1, 2 or 3. Your request should include this simple query: "Is there a $3 close price (4 day) path, and a $4 close price (1 Day) path."
This is a point where they can step up on this. No offense to the others on this board regarding 1 day or 4 day, but again, I have not read that particular language in the requirements PDF. If you want to take a snippet from the document and highlight the language that specifically states those options, a lot of others would be very appreciative, including myself.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
I have read it...and if I missed it, then I apologize, but snip and post if you are able to help. Maybe there is another document that stipulates the options clearer.
Thanks again and best to all longs!
mdb, I reviewed the Nasdaq uplist sheet, and was not able to confirm a reduced number of days from the 90 either...I am not a nasdaq uplist expert by any means, so this means I have to rely on published info.
Crawfors has stated the $3 (4 day) and $4 (1 day), so he would be best to confirm those. As for the 90 day, that is the only info I could find on the published reqt sheet. He is a trusted source on this board, and I asked the same question and was told the same thing with the 4 day & 1 day SP requirements. Again, I have been unable to determine that from the reqt sheet, but then again, I am not the expert, and maybe there are rules I am not aware of.
Thanks and best to all Longs!
Crawfors, you want to step into this?
Stock, some of the "complaining" is legitimate concern by investors, while some may be here to encourage others to worry.
I have stated that others should log off and go outside and live life. For some, we hang around and try to keep it real...I try not to hype the stock. If I feel there is weakness in the price, I indicate that...I don't like it dropping, but if a person is going to invest, they should try and get the best deal.
We will get to the prices some speak of...I am confident in that.
So, no one likes a 40% drop ($1.03 to $0.62) in SP on their investment...If I had the cash, I would put more in, but I do not...nice DCA.
If others are nervous, and rightly so at this time (even though it will recover), help them to realize that it will.
Best to all longs!
mdb, I have floated that same idea. Not sure on the legalities though. If, and for those reading, this is hypothetical, IF they were to perform a 1:5 RS and close the day above $4, they could qualify for Nasdaq, but, again, not sure on the process, would they need to coincide the $4 close with the nasdaq submission form or does the 1 day close have a grace period that allows a time frame for them to close the paperwork for Nasdaq?
Once on Nasdaq, they could perform a 5 for 1 forward split to bring the stock back to its initial standing, and then they have a minimum of 1 year to get the stock above $2, but being on nasdaq, they will likely have no issue.
Again, not sure on the legalities, or if this is even feasible. They already stated they want the stock to get to qualifying SP "Organically" so I prefer that method. However, I am not against the concept I stated.
Wondering if they would need to disclose this to Nasdaq prior to performing.
Anyway folks, this is all my opinion...lets see what the next month or so hold.
Best to all longs on this board!
Prepare for upper $0.60's...charts looking weak...hold if you are planning to buy in my opinion.
Best to all longs on IQST!
The stock will recover, and like it was posted earlier today by another person, this is what happens when the stock is hyped by YouTube add other outlets.
Folks all I can say is that the devil is in the details.
Best to all longs!!!
Woofer, I’m not sure it’s that they misjudged investor sentiment as much as it is that they are still trying to learn, in my opinion, how to prepare proper press releases.
When you issue a press release that states you have secured $60 million in financing but you do not disclose specific details, that can be worrisome for some. I am still long on the stock and will be for this foreseeable future thru 2023, But I want to know how they plan on utilizing this money specifically and what terms the money was secured under.
As an example if I am going to renovate my home I don’t just go and borrow money and then try and figure out what I’m going to do with it. Instead what I do is I determine what needs to be fixed or renovated and then I know how much to borrow and how it will be utilized.
In our case we need to know why specifically they were getting a line of credit for $60 million…In other words do they have merger and acquisition plans for specific businesses already targeted, if so, say so.
I get the $2.75 million equity portion but would like to know a bit more as to why it is at $60 million and how it is going to be used in specific details like rate etc.
You don’t just borrow $60 million or get a line of credit for $60 million without knowing what specifically you were going to utilize it for. Instead you know how it is going to be used and when, and this is a part of the PR that was missing.
Again folks I am long on IQST…But these questions need to be answered. Hold strong…your day will come
Stock, I haven't broached that subject with them. Maybe Crawfors can do that as he is a moderator, and likely a bit closer to the top of the totem pole.
Would be good to have them sign off on something that guarantees this would never happen.
They have stated such many times, but words are easy to say. We've all heard "checks in the mail"
I believe them when they say no R/S, because I think they know the damage this could cause. IF, and this is a big IF, we got to $1 again, and they were to do this with a 1:4 RS to qualify for the 1 day rule at $4, they could get on Nasdaq, and then perform a 4:1 forward split to get back to the current share count.
Don't shoot me on this...I don't know the legalities of a move like this, but it seems feasible. Would they need to notify Nasdaq beforehand, or...?
Just my $0.02 on this.
Nickels, THOSE are the details we need. The letter, from a 30,000 foot view is great, but much like a skydiver being at 30K feet, they want details on the parachute, where they are planning to land, terrain, etc. so we need Leandro to put together a clearer picture on this.
What would you do if your spouse said "Honey, I have paid off ALL our debts to our current creditors!" and then said "we now have only ONE creditor, with an interest rate of 26% for all that debt"
You'd blow your top, especially if your total interest rate was 4%. So the long/short is that the devil is in the details.
Again, Leandro is a smart guy, so IMO, I think the Comm Director needs training or to be replaced.
Best to you!
iwitness, it's quite possible that that is the reason. Investors want details, and I would have polished this up a bit with details, plans, etc. before I pushed it out.
While the news is good, it's like telling a kid "we're gonna go get ice cream" and the kid says "YAY" and then you go and sit back down on the couch and turn on the TV. That kid just heard "ice cream" and would likely want to know how/when that is gonna happen...and because you didn't grab your car keys, they got discouraged and walked away.
People are simple to understand...we all work in pretty much the same way.
At this point, Leandro needs to pen up all the details and layout the plan, otherwise IMO bleeding will continue. Some of us want to know if this IB is a great thing, or a "so-so" thing, and the details of the financing will tell us that. Leandro is good at business, and that is very important. So I think it will likely be a great thing, but again, details.
I am still hanging out and long on IQST, and like Joe, will try to pick up on dips if I have liquidity.
Best to you and all Longs!
I would have liked a bit more detail on the deal. While we will meet the singular aspect of equity, we are going to need to see how they plan to get to the SP aspect.
Mergers/Acquisitions are great ways to build a company and the network, however we have not moved the needle as much as I would have liked to see given the M/A that have occurred.
I would like to know more on how this is to be repaid...what are the specific terms on the financing (rate/time/restrictions), is stock involved or part of the deal, does the IB get stock purchase deals, etc...
Given the volatility we continue to see with MM algos, shorters, daytraders, we are going to need to either hit the $3 (4 day) or the $4 (1 day) requirements, although after reading through the Nasdaq uplist requirements I have not seen specific language stating either of those shortened "day" requirements...maybe I missed it, not sure. I have asked others to specifically post the language (screen snippet) from the uplist requirement PDF. https://listingcenter.nasdaq.com/assets/initialguide.pdf
Others have stated this will rocket when the financing hits, but I think the devil is in the details, and at the writing of this, we have not rocketed, so I think others are looking at this as critical as I am.
I hate being critical of my own investments, but reality is reality. This is a great company, and will be huge in time, but keep it real. Don't put lipstick on a pig and call it a friday night date.
Hoping they put out a bit more detail on the equity agreement...again, we all know banks don't guarantee money because they're nice people, they want to make money too...so HOW are they recouping their investment for their investors...
Best to you and all Longs! Hold tight everyone...lets stay focused on the future, but again, be real.
Tex, a tad insulting. I corrected them on FB for their misuse of the word, and oddly enough they corrected it after telling me "thanks"
The two words are NOT interchangeable.
Now, lets get focused on the financing aspect and move on.
Best to you and all longs!
Likely tied to Jan 06...not sure what else would've triggered it. Dow is not that bad, but Nasdaq is getting hit hard.
Looking like a bit of weakness continuing...if you are buying watch your bid...I was hoping for a continued trend from this morning but we obviously have a few stragglers from the last run, or quick profit taking daytraders.
Hoping the shorters are running for cover now. Let's see what tomorrow offers...and for god's sake, run the PR through a spell/grammer check! lol
Best to all longs!
Agreed on the misstep. I think they have learned their lesson. Fortunately, we are seeing support at this level. Once the bank is announced, and the deal is final, we should see a rapid rise in the SP with little retrace.
The one thought I had to get the SP up is to let the IB slowly purchase blocks of shares, and make them agree to hold time for their shares, and also how much they can liquidate each day/week/month/quarter.
In order to get the price up, gobbling up the float would do that, and if the agreement states that the IB has to wait until Nasdaq uplisting before any liquidation takes place, we could get on Nasdaq in Q1.
My thoughts...
Best to you!
Broadway, personally I would like to see IQST structure a subsidiary IPO with stock as the principal repayment method where the IB is allotted X amount of shares to push the new subsidiary forward. This gives the IB more control over the rewards of their investment by "selling" the new IPO to Institutions which propels the price up. But then again, they could always guarantee $50 mil in stock to the IB from the existing float, and that would quickly propel the price...imagine, the existing float falls to 30-40% of OS...if they did that, they would have to structure sale points for the IB so they didn't turn and flood the market which would drop the price dramatically.
We have divisions in this company, and while together they are worth X, individually they may be worth substantially more, even though they are still part of the parent company. Maybe the IB has an interest in 1, 2 or 3 areas, but not the others, and wants to spin off a new IPO on specific ones.
Aside from that, they may also guarantee X shares to the IB as part of the deal at Y price (guaranteed). Companies do this a lot with profit sharing and bonus scenarios via stock options. this gives the IB latitude to purchase shares on the market at reduced rates.
At this point, it's anyone's guess on how they are going to structure the deal...these were some of my thoughts.
Keep in mind, I am spitballing on this...If I were that good at pre-interpretation, I would've reached out to them and told them not to say anything pre New Years Eve...lol
Crawfors, agreed. Today has been a good recovery from the profit takers. We should close out around $0.95 today if things continue. THIS is my kind of slow ascension. We need to stay off the breakout boards as those only drive the wrong type of investors. Fly upward under the radar, and move to new highs.
I think the Comm Director has learned a valuable lesson, and now we should be on our toes for the news. Tomorrow should be an exciting day if the past is any indicator.
Best to you and all longs.
Signals are moving north...only thing missing is volume
Crawfors, you must be using the IQST lingo from their FB posting...I pointed out they used the wrong word (Eminent) instead of Imminent...and someone else tried to correct my correction. lol
Anyway, yesterday and the weekend are behind us...hoping for a quality news cycle tomorrow. I keep hearing people say that the IB will qualify us for Nasdaq because of the cash infusion, but that is not correct. That is only 1 aspect of the uplist requirements.
We have to also hit the SP of $2 (90 day) maximum time, or the $4 (1 day) minimum. I am opting for the $4 1 day scenario given the volatility with daytraders and MM Algos. I have read the uplist reqt info and have not confirmed the $4 "1-day" portion for uplist. I have seen the 3 options at $2, $3, and $4, and while the info does clearly state 90 days for the $2, I would like to have someone snip out the section that clearly states the 1-day close price option.
If that is clear, then lets get there and get this to Nasdaq and burn a few daytraders and shorters good.
Anyway, can someone snip out the explicit language stating $4 1 day...
Thanks and best to all Longs!
Hoping you are right Poker...I want 5-10% gains, not meteoric. Fast rises bring in the vultures, and when they are done, they all fly away and drop the price substantially. Kind of like playing Jenga...you can pull the stick out slow and win, or fast and the whole thing topples.
C'mon 2022...You're up Leandro! Let's go!
Stock, this would constitute a "Thursday or 'before'" moment. I want to see shorters get burned as much as the next guy. Stating the obvious does not constitute "bitching" - this is a "hold accountable" moment.
Not sure how many times it needs to be stated, but we invest to win, and at times we will experience pull back, but 25% is unacceptable, regardless if if provides others here with a "stock up" moment.
I personally did not ask for a PR...I asked for a simple Tweet...something saying deal is good, or not...I can wait on details.
If you or anyone who invests considers a 25% loss because of a simple miss, acceptable, something is wrong with their strategy.
If you owned a mid/large cap company, and this happened, you would likely call for heads on a pike, and rightfully so.
I realize we are an infant company in the big scheme of things, but this was avoidable. Period.
Now, let's all regroup, and get this stock back on track. Crawfors has spoken to mgmt, and is good with their response...hence, I am good.
Best to all...but please avoid impugning the motives of frustrated investors on this board.
Thanks Crawfors...I am short on funds as of now, but told my son to buy more, and he did. I told him the same thing I have said here, but told him that eventually it will be over our last Price point. He knows this is a LT hold as well...
good or bad, with my family or Longs here, I will always be honest and work to their benefit...I suggested holding on the buy when we were at $0.83 saying that we will likely test the mid $0.70's, and we hit $0.78.
You're a seasoned investor, as is Joe, and a few others. None of are happy when opportunities are missed.
My frustration reared its ugly head...but I don't apologize for pointing out facts.
I thank you for speaking with them...now, let's turn this boat around and get back to business.
Best to you and all Longs!