Make it, but not at another's expense
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Ever been run over by a car? Well, you are about to feel that pain...
https://www.yahoo.com/finance/news/digital-world-acquisition-could-plummet-174602273.html
Risk, agreed. Our share count is good for a company with the intentions and growth potential of IQST.
I have been reading on other boards that upward movement is imminent...I would prefer nice slow solid moves up vs any hyped rapid rise. The folks at Nasdaq also view volatility to a qualifying SP when considering approval. They can invoke a wait period if they feel the SP was achieved through a volatile move.
All said, Let's get rolling vertical and not look back...
Best to all Longs...
Broadway, We still have 3 acquisitions and updates, with the Q1 coming in less than a month. Likely we may see this turn green (Net profit), and time will give that. I think the company growing through acquisitions is great, but as I pointed out you can't continue to run a company at a net zero pace ($90 mil to operate with $90 mil revenues) and you need to find out ways to trim back costs through consolidation of roles, etc..
If these new acquisitions are NET positive (not gross), this may be the turning point. I realize some are tiring of waiting, and keep hearing "$2" every time we move $0.05, but all I can say is you need to remind yourself WHAT you saw in this company that made you put your money into it...because THAT has not changed...if we weren't fighting inflation and Ukraine, we would likely be over half way to Nasdaq.
Patience is key...best to all Longs!
It must be that time again...more R/S nonsense. Not sure how many times the company has stated "there will be no R/S" and yet the conversation around this pops up, usually if we take a hit on the SP.
Look, not trying to bash anyone, but please give up the R/S talk and if you question the intentions of the company, you can reach out to them and get this answered for yourself.
The problem right now is speculation regarding profitability (i.e. when and how much), and around items such as IoT, Smart tank, EV, etc., as well as the recent acquisitions. Sell if you must, but for those able to comprehend a balance sheet, they likely remain, understanding the future potential.
The whole market is screwy from Inflation, Ukraine, etc. but this will turnaround in time...
As for the most recent releases, I prefer Net profit vs Gross profit so I know where a company landed after the dust settled.
Best to all longs!
stock, the only trouble with Tweeting (and I tweet quite a bit) is that if you Tweet off your phone, it tends to replace words using auto-correct, and while this could have been easily fixed, I understand the issue - I only hope it was a phone :)
Either way, we get the gist of the message...let's focus on what this week delivers to the shareholders at large.
Best to you and all Longs!
dh, agreed. We all knew where they would land at year end - IMO, that was no surprise. I believe that Q1 may show profitability, albeit small, but small is not the point. I realize they are growing the company and are in sectors that are pandemic and recession proof, but there will be a point where acquisition plans will need to show profits, otherwise they have a net zero balance sheet (costs $90 mil to operate - generates $90 mil revenues).
It was stated in another post that they will need to look at ways to trim out waste. Consolidating areas of the company that perform the same role, and eliminating personnel.
I realize this is potentially small potatoes, but profitability is key to that organic share price rise...net zero companies can continue growing, but eventually they have to continue to issue more shares out, and we want to keep the share pool shallow.
Best to you and all longs!
While I wanted the 10-K today, in hindsight it might work to their advantage to pop it tomorrow or even monday morning and then have the Thursday follow up with potential news on the 3 acquisitions.
Hoping we do not have to wait until May for Quarterly to show profitability...
Best to all, and let's get this stock rolling into Nasdaq land!
rayf, the sensible thing is to focus on your mortgage, but if you have been writing off your rental, your 20 year depreciation could have tax implications, so plan for those. Look at ANY investment as a gamble - I don't care if it's Blue Chip or Pink, the risk of your money losing value exists.
While this is IMO a safe bet, the current environment of Inflation and Ukraine are keeping a lot of stocks from realizing their true potential.
I would consider doing a cost/risk analysis and determine if your money should be in a Roth IRA or some other investment similar to that as opposed to throwing any money directly into the market. The Roth gives you the ability for investment write-offs.
Best to you!
Wow, the last 15 or so posts sound like dirges...I realize the company has stated 1st half of the year - let's give them that time.
Let's all remember WHY you bought and are holding this stock. Name me some other OTC stocks with the potential to uplist to Nasdaq, that have no toxic debt, low OS unlike the Billions of OS I see in other OTC stocks.
The 10-K has to drop today - markets are closed tomorrow. I only hope they have combed over the PR for grammar, spelling, content and it hits the press like a wave!
Best to all longs and keep reminding yourself WHY you bought and are holding this - THIS is a Long Term play, and will make a LOT of people happy in the end...
1 year+ holds don't have the capital gains hit that short term plays do...
Belg, agreed. While I would really appreciate some "fine tuning" of IQST, overall this is a stellar stock and when she goes, we'll be ready to uplist and never look back.
If I had to guess, they might have covered any positions they were short on, and will be settled and ready to let this loose.
Volume will be our friend...but more than that, profitability will push us upward.
Clock is ticking...Best to all Longs
Peter, I agree with you on some of your points. It is crucial for any company that wants to be taken serious as a Big Market contender to avoid any slips, albeit minor ones.
1) Plan better on 10-K's/Q's and allow sufficient time to ensure timely filings.
2) Have a competent English Language person check for spelling/grammar and content.
3) Hire a Top Notch Investment Bank advisor to guide each and every step to maximize your "bang for the buck" from your PR's - when to release, etc.
All said, yes the market is under heavy pressure at the moment...inflation, Ukraine/Russia, etc., but this is one of the "extraordinary quality" stocks you spoke of. They are in sectors that are pandemic proof, and that is one of the reasons this stock will rise above IMO.
Too many people are driven by quick results - I call them the Microwave Generation. They have never had to use a rotary dial phone, design on a drafting board instead of a computer, cook a real meal...their lives are measured in seconds instead of days. True investors understand time is their friend.
My best to you and all Longs!
axle, you have to remember that the Pandemic sucked a lot of steam out of the market, and the bigger stocks are suffering too. Yes, there are the occasional runs with a few stocks, but there is so much pressure exerted by shorting and MM's that most stocks are kept at bay and not allowed to run hard.
We are in that boat. We have all the good qualities a stock should have, and yet we are artificially held down.
Time will change that.
Best to you and all longs!
rayf, yeah, I too am about even right now since I have been cost averaging along the way.
It won't matter when they hit Nasdaq, because this is a long term hold for me. I imagine 2023/24 before I sell. That should land me a nice, albeit small, castle!
Best to you and all Longs!
If I were a betting man, I would say that this is one of the few days the MM's/shorters have left to manipulate this stock before the 10-K hits, and the subsequent 10-Q and news of the acquisitions.
We are seeing a pulldown of this stock for those who are shorting and need to recover. I will bet on a Monday slow ramp up and a continued push upward from there.
Best to all longs!
Josh, your post had an error...I fixed it:
(your post) "DWACW is still the bellwether for DWAC. DWAC is actually worth less than $30"
(corrected) "DWACW is still the bellwether for DWAC. DWAC is actually worthless" But both are worthless.
Green Eagle, the only thing Trump is good at, nay, really good at, is finding rubes.
DWAC is going to collapse...and all the investors still hanging on here are going to be his next bag holders...don't think that's possible? Think:
Trump University
Trump Airlines
Trump Beverages
Trump: The Game
Trump Casinos
Trump Magazine
Trump Mortgage
Trump Steaks
Trump Travel (GoTrump.com)
Trumpnet
Trump Tower Tampa
Trump Vodka
...and now DWAC...Truth Social is Collapsing...READ:
https://www.yahoo.com/news/top-staffers-reportedly-leave-trump-183017425.html
https://www.etrade.wallst.com/v1/stocks/news/search_results.asp?ChallengeUrl=https://idp.etrade.com/idp/SSO.saml2&reinitiate-handshake=0&AuthnContext=authenticated&env=PRD&symbol=DWAC&docKey=1-SN20220404012633-012633&DMSourceID=DJNF&Source=BW&DisplayName=BusinessWire&docDate=2022-04-05%2001%3A00%3A00&headline=DIGITAL%20WORLD%20ALERT%3A%20Bragar%20Eagel%20&%20Squire%2C%20P.C.%20is%20Investigating%20Digital%20World%20Acquisition%20Corp.%20on%20Behalf%20of%20Digital%20World%20Stockholders%20and%20Encourages%20Investors%20to%20Contact%20the%20Firm
https://www.yahoo.com/news/trumps-truth-social-trouble-financial-141407513.html
I do this as a free service...I have my investments in other areas, and play a bit in smaller stocks. ANYONE who put their trust in Trump was duped, over and over and over again. He told everyone (and continues to tell the suckers) that "he won" the election, but in a recent interview admitted he lost, but that doesn't stop him from bilking the suckers.
Name me another Casino owner that lost over $1 Billion...how about the University chumps? The ripped off charities? The "I didn't pay a porn star for sex but I did" statement?
What is truly amazing is that people still give him their money...listen to him tell you at the 18 second mark...
https://twitter.com/i/status/1511098766396469249
Mbrady, our job is to keep telling the fools how they were duped. THAT is our job...and we are never short of work.
Show of hands: Who here KNEW this stock was garbage? ANYTHING Trump touches dies...
You've heard of the Midas Touch...He has the MINUS Touch
And now Josh Adams and Billy Boozer have resigned from the company and they were the brains behind truth social... this is just another thing that the president has turned to garbage...
You've heard of the Midas touch well Trump has the Minus touch
https://news.yahoo.com/2-key-executives-resigned-truth-133944267.html
dh, if they continue acquisitions, and branch into other strong sectors, and then start paying dividends, I will always have my toes in this pond.
You never give away free dividends if the SP is continuously improving - that's a double whammy you would be giving away (rising SP and dividends)
Best to you!
woofer, to some degree, agreed. But if you want to be a big company, you have to act like a big company. You don't see this from larger companies consistently. I realize they are in the "growing pain" process, and fully expect them to get their ducks in a row.
The 10-K, well that should be timely.
Best to you!
Peter, agreed...100%. In order to continue moving up, a company needs to demonstrate, year over year, Q over Q, that they are progressing, and not regressing or remaining status quo.
I really like this company, and am in for the long-haul, so I expect them to understand that they have an entire year, 1 quarter at a time, to compile and execute the 10-K timely. Once on Nasdaq, this should not happen anymore - larger institutions will short the hell out of this stock if they see this as a recurring event.
Leandro, it is time to step up and NOT let this continue. No more extensions. Like Peter said, don't say "I didn't know I had a test"...
Best to all Longs...
Peter, agreed. It's like tax time on April 15th. You know it's coming, so plan for the event, get your paperwork in order, hire the team to audit, etc.. Let's not make this a "habit" once on Nasdaq.
In the case we have now, with 3 acquisitions being baked, it is likely that they became focused on Q1/Q2 and how they are setting up and how those would be the "Punch" this stock needs to move the SP up. Quite possible that they blow past the $90 mil and even show profitability through Q1. Couple all those events together and you could have a real strong move.
I alluded to this "miss" in a few earlier posts, and even mentioned that if they missed it to allow for focus for the 3 acquisitions, I would not tip over on that. NONE of this changes the fundamentals of this stock.
Best to all Longs!
Agreed Crawfors. Given that they were talking about 3 acquisitions, I anticipated that they may file an extension to report.
The only downside is that this is fodder for shorters.
Hopefully people will use this as a "pick up shares" time. When they pop it out, it will be very good.
Best to all!
train, it is normally due by Mar 31st. They have pushed releasing the 10-K to mid April, but I believe if they want to continue moving forward, they need to demonstrate compliance and hit the 31st.
The big query is whether we show profitability - that is key. We will still grow as a company, but every solid investor will look to their long term plays as potential dividend investments. Once they start hitting profitability, then eventually you can look to a company to start paying dividends.
I am not going to jump off a building if they don't hit the 31st as there is a lot going on, and with 3 acquisitions due in April, they likely have a lot on their plate. I want to see profitability by mid-year, and I think that Leandro and his team will show that, and that is part of the reason they speak of the "Organic" SP rise, knowing that profitability will move this up quickly, and sustain it.
We need to get off the OTC...too many games here.
Best to all Longs!
Nice open...10% of daily volume achieved in less than 30 minutes of trading...
The anticipation of financials will begin to take hold eventually...
Best to all longs...
I know we have all gotten used to the Thursday news as a way of life, but if this works out, we may see Thursday this week having a whole new level of excitement with the release of the 10-K.
I believe they are focused on an on-time delivery with no delays, and if that is true, then Thursday is going to be very good...and even better if they show profitability in the report.
Fingers crossed on this for now, but not discouraged if this is not the right time...my plan is a long term hold...and then a comfy retirement.
Best to all longs!
I was surely hoping on a continued upward trend after yesterday, but we are likely seeing people who had higher buy-in points maybe calling it quits after all the manipulation and even some possible profit taking.
In the grand scheme of things, selling at this level is something I would definitely avoid.
The key from here forward is the singular word: Profitable
If IQST delivers in this area, then we have a really strong chance at a vertical rise that will let us hit the Nasdaq qualifying level...coupled with the 3 M&A they recently spoke of, if/when we get to Nasdaq, there are going to be some well-off folks on this board.
Best to all longs!
Window, my wording started all this...I typed income, but meant to type Profitability.
My apologies folks...there are a lot of folks here with great information, so let's focus on the future of IQST, and not nitpick each other, especially since my old fingers were detached from my brain at that moment.
Best to all Longs! Today should be a good day...
We are ramping up...folks, once the 10-K drops, we are going to see the "sell on news" crowd, but once that new baseline is set, we should be able to continue vertical. The 10-K news will be very good IMO, and will push us to Nasdaq within 1 to 1-1/2 months. At that point, if you are not on board, you will be chasing the PPS up IMO.
Best to all LONGS!
For God's sake, that $0.60 wall is a tough nut to crack...we may be setting up for a nice run next week. But the wall is getting weaker
Best to all longs!
8 days and counting folks...plenty of opportunity. Let's hope we hit Mar 31st rather than mid April.
Let's get this ship out of the port, and launched on Nasdaq!
Best to all Longs!
Let's move this up, 5-10% at a time to stay under the radar of the shorting vultures. Big leaps/rapid rise alert them to look at shorting the stock.
Best to all longs on ILUS. Have a great day!