Make it, but not at another's expense
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Crawfors, all things being equal and unchanging, if we continue on this path, with the $11.6 Million, at year end we will achieve $90.8 Million with profitability.
No one likes the SP...No one likes our Market Cap, but all in all, this is great company. They are positioned in all the right sectors in my opinion for an economic pullback or recession.
I have been through a few of these, the first being under Carter. I have learned through History that people never change, and that regardless of how bad things get, they will always gravitate to basic needs or find ways to cut costs (i.e. eVoss).
Best to you and all longs...DCA when you can folks!
Lots of RED in the futures...seems everyone is waiting on the Consumer Price Index numbers tomorrow. Depending on how that all hits, the market could either sink or get an adrenaline shot and shoot higher.
Hoping for the latter...
Best to all longs!
All Futures are green...good start (and I remembered to refresh my screen). Last time I posted all green, it was from the day before. LOL
I contacted E-Trade on the 1 Year PPS reflecting the 2 Year point - they are going to pass the issue on.
Best to all Longs! Lets have a great week! Remember why you bought...that hasn't changed - it's only gotten better!
10% of average volume in 5 minutes...nice start!
The News today regarding the carrier which was mentioned in May 2021, is not currently disclosed and will be held off until they have closed the deal.
Here's the 2021 PR regarding this:
https://www.prnewswire.com/news-releases/iqst--iqstel-previews-network-carrier-partnership-that-could-accelerate-entry-into-700-billion-5g-market-301287506.html
My bad...didn't refresh my page from yesterday.
[img]http://investorshub.a]dvfn.com/uimage/uploads/2022/5/31/vl[w[fut.jpg[/img
Crawfors, with all futures in the green, we should have a slightly green day...
Best to you and all longs!
In line with Joe's statement...read:
https://www.marketwatch.com/story/the-technician-who-called-the-2020-market-bottom-says-a-shocking-rally-is-in-store-11653043583
My pleasure Oldman! I understand how some can feel...I too am underwater a bit on this, even with the cost-averaging...but this company has a vision, and I plan to take advantage of the growth of that vision, regardless of where the rest of the World is economically.
A good way to view this: if you were looking at a 55 gallon barrel full of Sh*t that had been baking in the Nevada sun for 90 days, but in that barrel was the Hope Diamond, would you walk away from it? Not Me...well, we are the proverbial "Hope Diamond" in a Sh*t barrel of an economy.
Best to you Oldman and all longs!
peterpan, if I am reading this right, and if it is similar to a situation I have been in, if they are granted the right to purchase the shares at $2 on/after 9/30/22, regardless of what the current share price is, they can purchase those shares for $2. If the SP is sitting at $10, they get the $2 price, if it is sitting at $0.45, they still have the option to buy or wait until the SP affords them a profit, but it is a straight cash purchase for the shares at $2/share.
I am betting that APO is more in tune with the inner workings and future plans for IQST than we are - we know what we know, but big boys always share info/plans that the average investors may not know. It is not insider trading, but rather a clearer/more defined plan than communicated to shareholders. Anyone who has been on an earnings call with a company knows the details are different than in shareholder letters because the IB's, Institutional Brokerages, want (as Shane has mentioned: Names & Numbers)
Best to you and all longs...company is still growing in this crappy economy.
One last note, anyone familiar with History knows that regardless of how bad things get economically, there are always things that people will NOT do without. In WW2, chocolate and pantyhose were among many items in europe that people would do almost anything to get...I mean almost ANYTHING.
We are in telecommunications (among other things Fintech, blockchain & EV), and people will NOT do without a cellphone or means of communication...they also need ways to transfer money...get from place to place and avoid $6/gallon gas...
Remember WHY you invested...because that has not changed, and we are positioned to grow in this crappy economy...the only thing that has changed, is the outlook some have, but not IQSTel's plan.
Thanks Leandro. I guess that APO (Apollo Global Management) had a very good reason to target 9/30/22 as their exercise option date @ $2/share.
Folks, when you have a company that manages $498 Billion in assets for investors signaling that they want the option to purchase shares @ $2 in the future, that likely tells you that they have high confidence in the performance of IQST and have hedged their bets that the SP will be far above that point, which provides them with instant profits.
The current SP is ~$0.40, so imagine that the SP is moving vertical, and you have the option to purchase the stock at $0.25/share...You are sitting on an instant profit.
Time will weed out the weak hands...and those who persevere will be rewarded.
Best to all longs!
mdb1, elon for sure can be wrong...delving into buying Twitter was a foolish move. All said, Elon is NOT a financial investment firm - granted he can pay people to read the financials and make assessments, but APO IS a financial investment company, and those companies do not hedge bets on losing horses. Any company that manages $498 Billion is a force to be reckoned with.
Best to you and all longs!
fundamentals3, If this is APO (Apollo Global Management) that manage $498 Billion, then this is a very good thing!
One thing, the exercise date is only an exercise date and has impact on when you can exercise - it limits you on the first date that you can exercise the shares.
All said, good nugget of info that you noticed...I am still aligned heavily with this company and will be cost-averaging as I am able.
Best to you and all longs!
trding, if you look at the "fear/Greed" indicator, we have fallen into Extreme Fear @ 6 (scale of 0-100).
IMO, this is just an opportunity for the markets to continue to drive fear into people to push sales of stocks. It is yet another fortune grab by the ultra-wealthy. Yes, there is a War...there are ALWAYS wars. Yes we have a supply chain issue, but it is not insurmountable.
A lot of big producers are hiking prices with no clear basis on why they are doing it to this extreme.
This will all settle out by summer IMO as they will not want to continue collapsing the economy for Political/Profit's sake.
Best to all longs...I plan on buying and cost-averaging every step of the way.
I don't think they can continue making their manipulation any more apparent than what just happened.
We are sitting at $0.425 and then they reverse for roughly 60K shares and drop the SP down almost ~10%. Only $23K worth of shares drops the stock down ~10%.
Folks, all we can do is continue loading when we can...
Best to all longs!
woofer, I actually like that idea. But if they do this, using Rule 144, they should dictate a 2-3 year holding period to prevent a quick turnaround in the market. Buying and holding for extended periods reassures stockholders.
I get Stock Options, and they have a min 2 year hold before fully vesting - depending on the number of shares I get, they might split them up and give a portion after 2 years, and the remainder at 3 years.
Best to all longs!
Uh, you are not reading that correctly. You can buy them online is the verbiage, not "you can only buy them online".
They are being smart and adding a direct purchase option that allows dealers to receive the order once placed and the customer will pick up the unit there. this gives a little extra coin to the dealer without having to buy/hold inventory.
Best to you and all longs!
Peter, one of the acquisitions was the SmartBiz...not sure on the other two.
I agree 100% with you on the Top Tier Advisory needs. That $1.075 mil bonus could have bought some great talent and direction and paid dividends too.
Best to you and all longs!
Thanks Joe. agreed that they have been on time the last few years...2019 they had an NT 10-Q. Even with 10-K's they need to be on time...
If you want Nasdaq, act Nasdaq. Kind of the same speech I gave to my kids as they were growing up: You want to be treated like an adult, you have to act like an adult.
Best to you Joe and all longs! I think we're due...
Peter, fully agree. Rather than a nice bonus for the executives, that money could have been utilized to engage a few top end advisory companies to lay out the steps IQST should take. I was rather upset with the bonus situation, and made it known to them. It is my opinion that until the executives have executed all of their goals, Nasdaq included, they should not be compensated. We are talking 3rd world incomes and these guys were giving themselves $1.075 million in bonuses which is absurd, especially since we have not hit Nasdaq. Once they do hit Nasdaq, fine, give yourselves good bonuses because you have achieved what you promised the shareholders.
We're past that now, and focused on the Quarterly - I am hoping they have this done in a timely manner, no extensions or delays, and it shows continued positive info or Net profitability.
Time will tell...Best to all longs!
trding, thanks! I have reviewed that before and like you said, it is complicated. I don't even think they know how to use it.
IMO, they should let the value of the company drive the uplisting. We have solid Revenues, no toxic debt, good float, low OS count, solid growth, and yet we are among the many companies beaten down by manipulation.
Best to you and all longs!
Knux, thanks! I spoke with them too, and it was literally a casual conversation akin to asking someone for directions. I had to know what I was asking for in order to get a response of Yes or No.
I am glad that they will be able to adapt the requirements to the needs of IQST.
Countdown to Quarterly...
Best to all longs!
Crawfors, they changed the rule? Or was there a rule within the rule? I like $2 for 5 days and $3 for 1 day. I am hoping we see an influx of volume because the volume lately has been quite poor.
Either way, if this is the case, it's good news for us. I have always thought that if you can prove that your stock is worth $X, and that value agrees with the listing requirements, then you should be able to qualify - the manipulated SP should not be able to hold a company hostage to the OTC.
Best to all longs!
Woofer, that in part is my point. RDBX is known but somewhat dying and they got an infusion of $50 mil & look at the SP today.
IQST is the opposite right now - not well known (yet) and growing and they have a $60 mil infusion waiting.
I realize the comparison seems a bit odd, but when all the points line up, it's going to be a chase for some to get in, when they could've gotten in at these levels.
Time will prove my point on this.
Best to all longs
It's been said before, but a quick reminder for those who are wary or weary...
IQST has a $60 million Term sheet, once they hit Nasdaq...now, keep the $60 mil in mind when you consider this:
https://www.mediaplaynews.com/redbox-gets-access-to-50-million-in-additional-financing/
And in less than 5 days, RDBX went from $3.27 to over $8 after receiving only $50 mil...
Now, everyone knows Redbox, and with that in mind, they only got $50 mil in financing, and we received $60 mil...imagine where our stock price will be when this runs.
Best to all Longs!
Thanks Leandro! Anyone besides me see the clear message in the tweet?
"We’re working on to reach Positive Net Income this FY, and $90 Million rev. "
Parsing this message, it might be saying anything over the current $90mil is Net Profit, but I would guess that synergy and consolidation will likely create a profitable environment sooner.
They are going to announce an acquisition May 9th from the tweet, which leaves only 1 more acquisition on the table.
Best to all longs...
Folks, look at the stock this way: If you sat around in a chair, and watched as a construction crew began to build the home of your dreams, time would seem to crawl...we expect a lot from IQST, and in time they will deliver. Patience is key.
If not for Inflation, and Ukraine, we would have likely already hit the mark for Nasdaq.
train, I believe they are still finalizing the other two, but signing papers, dotting "I's & crossing T's" can be tricky in businessland - they'll have it when they have it...
The company has listened to the shareholders and are going to go radio silent until they have news, and I don't think thursday's are going to be the event days anymore due to the feedback. We were signaling to shorters when to expect a letter or news...
I initially loved the idea, but the shorting and manipulation was getting out of hand.
Best to you and all longs!
All, The company has been very responsive to shareholder requests. How many companies can you count that are as responsive as IQST that are preparing to uplist to Nasdaq?
Keep in mind that they have kept their promises...went from Pink to QB, from QB to QX and have told you they are planning on Nasdaq.
Also keep in mind that the entire market is having the wind sucked out of its sails, with the DOW losing 1,000's in the last week, and the Nasdaq falling as well. When people are scared, they pull their money into safe vehicles and wait. Let's hope the recent U.S./Russian prisoner swap is indicative of Russia being willing to negotiate, and the markets see this as a positive.
This is one of the few quality companies in the OTC, and you invested here knowing that. Don't lose faith...all things turn in time.
Best to all longs!
Trump doesn’t even know the name of his own social media platform “Truth Social.” pic.twitter.com/ktVpuJDLMk
— Ron Filipkowski (@RonFilipkowski) April 24, 2022
Let me guess, "it's a good time to load up", right? Wrong. DWAC will continue to dead cat bounce all the way down to single digits, and then become a defunct company, and Trump will be laughing all the way to the bank.
Don't be his mark...
I was hoping that the PR would have numbers, not metaverse numbers. We need details specific to the company, not industry or sector totals.
Details, not fluff PR's please.
Best to all longs!
chas1, I am tending to agree with you on Q2, but will wait until mid-may quarterly.
Best to you!
Folks, one thing to remember: You invested in IQST because you reviewed the fundamentals - you understood that the company was continually improving. We were OTC Pink. The company said they have plans for Nasdaq, and then qualified for QB, and now QX. They are still focused on growth and improving the company's bottom line.
Just think about why you are here. If you are disillusioned, you should consider reevaluating your position and moving on. Give the company the time it needs to grow into a strong contender in the market. A lot of really great information is on this board for you to review...take the time and go over it again. A few folks here even break down the details of each 10-K/Q for you and provide honest analysis.
Asking questions is good...Best to all longs!
The positivity/objectivity of some on this board is, well, not. The shareholder letter was, IMO, similar to a quality company working to reinvigorate the team. Again, there were some grammatical issues, but the underlying content was good.
I have passed a message on to IQST regarding suggestions for a renewed confidence for investors. Let's see if they adopt any of these suggestions:
1) Forgo the Thursday PR’s and management updates and instead use “radio silence” regarding updates. Shorter’s use your regular schedule to short the stock. Consider staying quiet and when news pops, everyone is unaware, including those shorting the stock. (I asked this as I have seen others say the same thing - the schedule is fodder for shorting attacks. Mix up the days/weeks that you disseminate information, and surprise investors/shorters)
2) Consider Stock Options with a 2-3 year vesting window instead of Cash bonuses or forgo any bonuses until you have achieved your objective of Nasdaq through a qualifying Share Price. The fact that the Smart Biz was a $1.8 million deal, and the bonuses were $1.075 million tells investors that the executives making money is more important than the Company achieving Nasdaq. The $1.075 million could have been utilized to purchase the Smart Biz company, and cost the company roughly $700K in shares.
3) Stock Options (mentioned above) show that the executives have strong faith in the Company’s future, vs cash bonuses which indicate a “get the money while you can” mindset.
4) Future acquisitions should control how/when shares used for acquisitions can be used and limit how many shares the acquired company can sell during any single day/month/quarter. Giving them an open window to flood the market with $800K in shares serves only to suppress the price and gives those who short the stock the ability to further pull the price down. IMO, the shares should be held for longer, with a 20-25% sale allowed once per month or quarter.
dh, I agree with your post - as I stated before, unless they get to profitability and grow from there, having 1 or 100,000 companies listed as acquisitions is irrelevant if you are net zero. We have to grow from the "$90 mil operating cost/$90 mil revenues" area and begin to look at ways to centralize/consolidate roles and tasks - basically reduce headcount.
Additionally, stop the "Wine and Champagne" mindset at the top and focus monies to reduce OS or use that money to wisely acquire other profitable companies. 3 guys getting over $1 mil in bonuses in a 3rd world country is bogus - cut that crap out. Take shares instead with 2-3 year hold times.
Looks like we are going to sit level for a while until mid-May quarterly. Load up if you're able and remember this is a long-term growth company...
Best to all longs
Iflhdy, I am hoping the SP reverses soon. This is a quality company and unfortunately we are being beaten down. There may be some Longs tiring of waiting for the "$2" or Nasdaq...I am sure that shareholders reading that Leandro's salary more than doubled to $174K, Alvaro's went from $25K to $159K and Juan Carlos' went from $28.5K to $80K, are a tad incensed, in addition to the $1.075mil bonuses these 3 received. (2020 to 2021) - both the raises and bonuses can be upsetting.
I have been the recipient of stock options for years - that said, every one comes with a 2-3 year wait before the shares vest. If they want to offer compensation in the form of shares, fine, but with the caveat that they are held for 2-3 years.
In a 3rd world country, $100K is a lot of money!
To put this in a bit more perspective: The $800K cash for SmartBiz could have been paid for with their bonuses, and the option for shares could've been reduced to around $700K. I don't like the 6 month hold - too short in my opinion.
When shareholders/investors see the executive members and BOD taking shares as compensation, they feel stronger about the company
Hopping off my soapbox folks. I am still long on this one - the fundamentals have not changed, but I certainly hope that future compensations do change.
Best to all longs...speak your mind objectively, and don't get discouraged...this is still a great company!
All, I understand the need to compensate BOD and Members of a company, but they should NOT be giving ANY Cash bonuses until this company has achieved Nasdaq. Your job should be to achieve Nasdaq and stop “high-fiving” with compensation when you haven’t achieved your objective. ANY money that would be considered compensation, whether quarterly or annually, should ONLY be used to buyback and retire shares. This would signal to investors that they better grab them now before the share pool becomes too shallow, and the SP rises dramatically.
Yes the company is moving towards profitability, but with a goal of Nasdaq, the only way forward is either showing HUGE profits, more Fortune 500 interest with NAMES, or an accelerated share buyback/retired program.
My $0.02…best to all Longs