Make it, but not at another's expense
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For those on the fence, IQST will pop, and pop quick...As my example, I considered getting in on MULN when it fell to around $0.90 about a week ago...kicking myself now (popped over $4 today).
Anyway, back to IQST: Seeking Alpha's article is worth a reread since we are likely going to see the same explosive growth soon. An excerpt is as follows: (https://ih.advfn.com/stock-market/USOTC/iqstel-qx-IQST/stock-news/87558520/seeking-alpha-iqst-readies-for-nasdaq-listing-bi)
Tweet out: https://data-room.center/Data/ILUS/Letters/Letter0503212022.pdf
21 March 2022
RE: Share Structure
Dear Shareholders,
We would like to confirm that our Share Structure (SS) update is being completed and will be visible on the 1st of April 2022 or very shortly thereafter. This is because the TA updates the changes on the 1st and 15th of each month and our latest update should reflect on or very shortly after the 1st of the new month.
In the meantime, we can confirm that as stated previously, the current amount of ILUS outstanding shares is 1,263,530,699 and the company is reducing these outstanding shares by a further 180 million. We previously confirmed the simultaneous issuing of three blocks of restricted shares for completed acquisitions, which will result in the outstanding shares remaining in the region of 1,2 billion at the time of the SS update. As mentioned above, we expect the update to reflect around the 1st of April 2022.
As was also mentioned previously, we are continuing our efforts to further reduce the outstanding shares down towards 1 billion. We are therefore actively considering the options to offer Shareholders an opportunity to lock up shares in a preferred category.
Thank you for your continued support.
Yours sincerely,
JP Backwell
We are likely to continue the churn in this area due to management stating that Mid-year is their focus vs Mar 31st. IMO, this is a miss they should've planned better to accomplish.
Becoming current on filings is huge, and filing a Notification that they are not going to hit the mark will cause others to pull back from this. I will use this as an opportunity to pick up more shares if it pulls back.
Buy the dips, and let's break through $0.20
Capt, thank you for the clarification :)
Best to you, and let's get over that psychological $0.60 wall and cruise to greatness!
Capt, not sure what you're implying, but I have been in this stock since early 2021, and have took profits at one point, but have been long ever since.
Some like my message, some do not...I do not hype, nor do I bash. Those sentiments are what others are feeling based on their position in this stock.
I will always tell the truth and if that means I tell others to hold off buying when it appears it is falling, I do that. Everyone should be able to benefit, and while some do not, I try my best to help others.
All said, my best to you and all longs! 10 days and counting (unless they blow into April like last time)
We need to break the wall at $0.60...
train, an RS is not in the cards. If a company does do that in an attempt to meet the Nasdaq requirement for SP, the approval would likely be held up because performing an RS is considered a "volatile" move or means to achieve SP.
We are all aware of the 90 day @ $2 SP approach to hit the Nasdaq requirement, but there are the two other options:
1) $3 for 5 days, not 4
2) $4 for 1 day
If a company performs an 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 for SP, 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) that a SP must sustain the $4.
As volatile as our stock has been, sustaining a SP at $3 or $4 can be tricky, especially if there are a lot of manipulators ready to pull it back down. Personally, I think we will hit the $4 SP for the min 1 day requirement, and qualify.
My $0.02...best to you!
Running, cool your jets. I own this stock...and a lot. That said, I am not bashing. Even though they are credentialed, they are still an "outside" entity. BTW, I used "appear to have all the credentials", not to imply they were not legit, but because I have not seen their credentials - they have a webpage, but so do millions of others...unless YOU know for a fact that something is legit, try not to jump on the "I know" bus...me, unless I have personally seen proof of something, I will always use "appear" in that same context...again, not to bash, but as a CYA just in case the proof is not legit. Think about all the PINK companies that have websites and "say stuff" and then it turns out they were not legit...this is my reason for "appear" because I have not proven the legitimacy personally.
I mentioned that I work with Indian firms, and while they are good, the proverbial "you get what you pay for" applies here. The folks at the company are highly degreed, and India pumps out very smart people, but even though the companies I work with are quite smart, they are viewed (not by me but) by others in the U.S. as "not U.S." or (not US by the more ignorant) and are put through a more stringent examination when they provide data. I have a high respect for the people of India, their culture, and the pride they take - sadly, that is not a prevailing thought in the U.S.. I travel extensively to China (not since Covid though), throughout Europe and been to Saudi (Jeddah). Not bragging, but I know how people here in the U.S. view "outsiders", and if you were listening during the prior President's term, you would've heard that.
All said, I do believe (even though they are credentialed) that they will be examined more thoroughly (unrightly so) because of their offshore status.
And if you read my post, I listed Mazars as a U.S. entity with issues too. There are LOTS of U.S. entities that handle audits for International companies...logically, the only reason to use India (again, my opinion) is that they are 1/3 - 1/4 the cost of the same talent in the U.S.. Because of the business I am in, I see the cost differentials between U.S. and other Countries like China, India, etc., and I know why they are used: COST. I can get an Injection molding tool or Die-Cast tool for a part made in China for (as an example) $5K whereas that same tool would cost me $30K in the U.S...labor in China & India is the cheapest portion of the equation.
Try to not insult others when they present either queries or concerns...and unless you have International experience, please defer to those who do.
Running, I did read the release. While they are registered to do audits for U.S. companies, they are still viewed as an "outside" firm. Again, they appear to have all the credentials but, to my point, outside entities are viewed as skeptical compared to U.S. entities, even though U.S. entities aren't always truthful or honest (think Mazars & the former President).
IMO, as long as they are meticulous in "dotting the I's and crossing the T's" things will be fine, but may take more time to proof.
Best to you...
I was hoping for a Mar 31st filing with Audited financials, which, IMO, would have been a HUGE upside for ILUS. Pushing out to Mid-Year does not make me happy, and having a Non-US entity preparing the financials for a U.S. market is not the path I would have gone.
I understand the desire to use India for this as labor is typically about 1/3 - 1/4 of the cost in the U.S., but for an SEC compliance, I think India may complicate the process. This is just my opinion. India has a LOT of talent when it comes to areas like this (I work with Indian Firms - it is almost a requirement for most to hold a Master's Degree and some of the Universities there are equivalent to Ivy League Universities in the U.S., with a few ranking alongside MIT)
All said, I am glad they are marching towards compliance, as I have constantly brought up that as a lacking feature of this company. I am also glad they are looking for a new ticker symbol (or at least a new name). They need to be a fully reporting entity before ANY of the other aspects of this company can be taken serious - being PINK is not helping their cause.
I realize they are building the business in the background, but it is important to understand that all the "business building" becomes muted if a company remains in PINK land.
In time, I believe they will get there...this is, as I have mentioned before, another long-term hold of mine, and I will continue to buy the dips now.
Best to all longs on ILUS...for those with the ability to reach out to management, push them on the Uplisting path timing.
train, one of the complications with a RS (from the Nasdaq perspective) is that they look at how a stock achieved the SP...if it achieved it through an RS, they can impose a longer wait time in addition to the time for achieving the qualifying SP.
They look at RS as a volatile means to achieve compliance, and can penalize a company for that action.
Aside from that, we don't need an RS...we need volume and less manipulation. Manipulation is a result of living in OTC land...
Best to you!
Train, the plan is to hold and wait for the 31st when the company will unveil the CY21 results as well as the first quarter growth, and give them the time to solidify their plan for Nasdaq by June.
Since we are OTC still, there is an inherent "distrust" with investors for OTC stocks when they say they are profitable - difference here is that we are a fully reporting company, with $90 million in revenues - the 10K will show profitability and drive renewed interest.
Investors want companies that are profitable, and the 10K will show that for us.
The fact that we are at around ~$70 million market cap with $90 million revenue is simply astounding...that alone should drive interest, but with Ukraine, inflation, etc., we are seeing downward pressure in the market and have entered correction territory for the DOW and Nasdaq, so OTC gets overlooked when money is tight for people. Bonds become the safe haven.
All said, as the Russia/Ukraine conflict minimizes, inflation starts to become "an old topic" and begins to dissipate, people will start returning in droves to the market and stocks like IQST will sail.
Once we hit Nasdaq, it will be onward and upward.
Best to you!
Etrin, Tough times are when true investors know to stay the course & keep investing in the areas they know are good. We should hopefully see a bit of a rebound...both Nasdaq & DOW futures were up solid. Although, we just implemented a ban on all Russian energy products, so that may or may not affect today's market.
Either way, I cost average on good stocks...and this is one!
Best to you
For those who chastised me as a "non-owner" when I told you it would retrace back down, you can now rest easy as I picked up shares @ $0.1255 today.
I could have picked up some a while back in the $0.09's but the share dilution was concerning and the upward play that followed, so I wanted to see if I was right that it would retrace...and I was.
I will likely hold for 1-2 months (maybe more) depending on management and if they get their act together and file to become current and get off Pink.
Best to all holding on this one...it will either hit big, or flop...I am playing for the big hit.
Well, while I do not like the current SP, it did allow me to pick up 10K more @ $0.49...
I think we would be at a different point right now if it weren't for the Ukraine concern. DOW entered correction territory, and now we are waiting on the 31st to hit.
IMO, if you are sitting idle on the sidelines, you don't have much longer before this starts moving up in anticipation.
Best to all Longs!
Erin, you are correct. A lot of people say that about a lot of different stocks but the one difference here is that we have promises made and Promises Kept by management along with fundamentals that detail out that this company is legit and will be achieving its objectives soon.
Best to you!
24 days and counting...get in now, or chase it vertical!
Best to all longs!
29 days and counting folks...then it's blastoff time!
We are going to rock the OTC World, and leave it behind as we roll into Nasdaq town!
Best to all Longs!
Thanks dh! Good recap. I spoke with management via FB messenger to look into sizing their software to smaller customers, telling them to imagine that propane suppliers for every rural home has this technology, and customers never have to check their tanks and the supplier can communicate via texts that "Your tank shows XX% and we are planning a refill on "X" date - to confirm reply Y, to postpone N. Your estimated refill cost is XX.XX Dollars"
Think of how large this could be for IQST! HUGE!
Best to you and all Longs!
Crawfors, much in the same vein that we mention "migrant remittances" and how much that market is worth.
"Migrant remittances are currently estimated at over $700 billion annually and are expected to exceed $1.2 trillion annually by 2030."
Same here...tying in Burry (who by the way made a fortune off the collapsing housing sector) and HD who is a household name is a smart move because it does help investors to digest the "what's and whys" of investing in IQST.
Best to you!
Capt, agreed. Has anyone pinged Leandro on the I-Bank? Where are we with this? And, if they secure one, for god's sake, PLEASE give details. I can secure a loan with Guido in the Bronx for 20% compounded daily, but that doesn't make it a wise choice.
We need to be sure that if shares are part of the funding, that they control those shares.
ILUS as my example, just had T-Trades for 70 million shares and the SP tanked 50%.
We need to be sure that any deal secures the shares in place for an extended period of time, with a dilution control guarantee (i.e. 100K shares during any 1 week of trading, etc.)
Best to all longs!
dh, agreed. Details make or break a stock...we have a long way in a short time...
Best to you and all longs!
crawfors, I disagree. The same reason a company mentions entering a sector that has billions in value - it's not that the company will have billions made from that sector, but rather pointing out where the world is heading and what the future hot sectors will be.
You see it a lot all across the board, even in crypto...everyone like BTC, and that drives other "coins" to be developed. I think mentioning Burry, who by the way made a killing in the housing sector, alongside the mention of HD which is a name most all Americans know of as iconic, is a smart move.
It gets people thinking about where the sector is heading...
Best to you and all longs!
I am glad that the stock has rebounded for all here! Sincerely!
I knew this was being played and stated that before, hence the T-Trade statement by the management regarding 70 million shares being dumped.
I decided to not get in due to the overwhelming amount of shares being dumped. As I stated before, if I miss the boat, so be it.
It may continue to rise a bit, and will move upward IF, and this is a big IF, the company does actually report...saying you will report and actually reporting are two diff things...
There are some things that do not line up correctly, but again, I like the products they are profiling, and the aggressiveness of the company - the reporting and a few other things still need to be addressed (OS, more dumps?, details on the 3 lenders, etc.)
My best to all! be profitable!
J2003, scroll down on that link you provided...3 people listed all from the same family...Sharmon, Jason & Jeff. Sorry, but the more I dig, the worse it seems to get.
The business appears to be on an expired LLC...says "Active" but the expire date was a week ago. A $3.5 million company shouldn't have this kind of problem...
I have my own small business (S-Corp), and this is not a good thing...you are notified when you will expire...
Best to you
creaky, the image and the address do not jive. The address is the important aspect as it is listed all over the website.
click the "website" link and verify the address to that shown on the webpage as I show it. This is a Publix shopping center.
It's this type of info that creates a pause for me. Maybe it's an honest mistake, but a $3.5 million company doesn't likely operate out of an old brick home in the middle of nowhere...just my observation.
Best to you...hoping I am wrong and people aren't being played. Time will tell.
Verify, Verify, Verify.
OK...here's why you have to check this stuff (last PR):
The business they acquired "Georgia Fire & Rescue Supply" located at 602 Water Tank Road, Canton GA 30115 is a house. I am including Google maps and an image of the house from that.
Google Maps: https://www.google.com/maps/@34.2460697,-84.3659375,3a,75y,233.15h,80.91t/data=!3m6!1e1!3m4!1sK3TG7JTxvp1RZ0B68wBEog!2e0!7i13312!8i6656
Actual image: (this is the store: https://www.georgiafirerescue.com/store-hours-location/)
" The profitable company has zero debt and an annual turnover of $3.5 million"
OK, how much of that $3.5 mil is profit? Operating costs?
This is why it is hard to take Pink stocks seriously...I could be completely wrong on this, but as an investor, I want to see a warehouse, not a driveway to an old brick house. This should cause a pause for you.
Best to you...do your DD and don't hype...use facts
J2003...check the SEC.GOV site. That is where financials are submitted. They "say" they are being audited, but there is nothing filed.
Details...the last 10-Q was 2013...10-K was 2012. Link to the SEC is below...check.
https://www.sec.gov/edgar/browse/?CIK=1496383
J2003, unfortunately they are not. see below SEC.GOV link...2013 was their last 10-Q...
https://www.sec.gov/edgar/browse/?CIK=1496383
I am surprised a bit by some of the banter from posters on this board.
I have always said I like the company's products and aggressive management, but have only stated facts. Some are saying "you missed the boat, so you are bashing"...sad.
I always try to do others right and give insight...look, will this company make it? Likely yes. They need to go QB, then QX and then Nasdaq. This is the company these investors are invested in...not some other venture. Give these investors what they need - details.
I could hype and say "buy, buy, buy" when I know it is dropping, but is that the right thing to do? NO.
If I can give a serious investor advice that leads them to getting in at a rock-bottom price so they make a lot of coin, I will do that, even if it means I may lose out.
Right now, there is too much volatility, dropping from $0.20 to $0.0975 and now bouncing up...it's being played...if you are a daytrader, then it's a great play! I am not.
Best to you and all on this...be profitable...
bunda, I prefer my plays to be more on the long-term...sat on this last time for almost 40 days for a 3X+ bagger. Playing 15%-20% profits are not my game. You can easily get labeled by your trading house as a daytrader and your funds get restricted after sale.
I will wait...I am patient, and if I do miss out on this being a bigger play vertically, so be it. I have others areas that are panning out good for me.
Best to you...remember this conversation, whether it goes up or down...IMO, it will pull back.
Remember, this is a NON_REPORTING, NON-COMPLIANT Pink company...all the flowery promises mean zero until they are fully audited and reporting.
Keep in mind that RB Capital appears to be a shady company per the data I published earlier today...Details
It's a good day for those who are in...if you are able, consider taking EOD profits...the volume being this heavy should have moved this more, but as was pointed out earlier, this is likely a bit of manipulation to push this up.
Best to all...take profits when you can...be careful - it's YOUR money they are playing with in Pink land.
Gregg, I have called this fall since the $0.30's, and I believe I will be correct again. I have had others tell me "get in now" "reversal in progress" "Moving averages" etc., and yet we are sitting at $0.12.
My suggestion, ride this and take profits, and get back in with your profits at the next lower PPS. Given how this has been going, I see $0.09 or lower hitting after the dust settles. There is enthusiasm on this, but my guess is you are seeing daytraders playing both sides of this. This volume is indicative of that.
Remember where you are invested here: PINK
The will gain huge credibility if they actually start filing with an audited 10-K to show that they are really real...until then, they are a hype play, and I have taken advantage of the hype play.
Best to you...be careful...take profits when you can.
Folks, while financing can be a good thing at times (M&A as an example), WHO you get in bed with is extremely important.
ILUS is now in bed with a very bad lender...RB Capital
https://www.defaulters.com/scam/rb-capital-management/
(from the site):
In similar investigative reports on similar subjects, our users discovered and exposed serious issues related to –
Fraud
Money Laundering
Litigations and Lawsuits
Sexual Harassment Allegations
Bankruptcy
Criminal Conspiracy
As for Luki Ventures, couldn't find anything on them at all...no website, etc
Discover is a bit larger, but I wonder on the details.
Folks, details are important - I had the same query on IQST when they were securing financing. Details can kill a company...were shares involved? What is the interest rate?
They are taking on debt, but at what cost...while some see this a good news, I do not. the sheer lack of details and the fact that they are in bed with RB Capital (shady?) is not good. Are they getting overextended on debt?
I don't know, because the details could kill this. Be careful folks. I am still waiting...once the dust settles, I will reevaluate.
Best to all on this one!
learjet, it is possible that there is selling going internally to finance, but without disclosure it is hard to know.
Looking at the charts ending today, tomorrow is going to be rough IMO. All signals point to more selloff. The RSI is into oversold territory and momentum was going the wrong direction. Stochastics were dipping way into oversold as well.
You might see a bounce, but it will continue down IMO.
Best to all! Make sure you are covered.
J2003, time will tell...in my case, by Wednesday. It was on a slow downward trend for a bit, but falling from $0.15 to $0.12 (roughly) is a 20% fall, which is a lot for a penny stock.
So here is the info that scares me a bit:
"ILUS confirmed that it will be issuing three blocks of restricted shares for completed acquisitions, however the company clarified that following this, outstanding shares should remain in the region of 1.2 billion and it will continue its efforts to get outstanding shares down to as close to 1 billion as possible"
Now, while the unrestricted shares may be falling a bit, those restricted shares can account for a lot of money - DETAILS!
I receive restricted shares in the form of Stock Options, which are shares my company issues with a 2-3 year vest so those shares are not exercisable until they vest, and hence those shares dilute the OS (albeit small in my case). What are the terms of the restricted shares? How many? Those details are important for anyone with a long-term interest.
Anyway, at this point I feel we will fall further, and if the retrace is slow/steady, I will be in mid-week.
Best to you!
J2003, not yet...only because it was not a slow retrace. When a stock falls hard, it scares investors, and they too continue the retrace by pulling out, and the problem is exacerbated...
I am thinking Wednesday...will continue watching today and tomorrow, and maybe I will be in then.
Best to you...hope you do well!
J2003, well that is good, but I doubt he heard "me". Others are probably saying the same thing.
Getting down to 300 mil shares Authorized is huge, but he just posted that it will stay in the 1.2 billion and 1 billion neighborhood for the foreseeable future.
Wednesday should be a good hop in point once people get over the hype of moving shares from one class to another, and realizing that mgmt said the OS is going to basically remain the same...
At this rate, getting down to 300 mil Authorized shares through share retirement is going to take 2-3 years...unless they have some god send of an influx of cash.
How are they paying for all these M/A campaigns? Toxic debt? Good questions to know answers for.
Best to all on this one...hoping everyone does well financially...I hate to see people get hurt, but it happens.