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Yes, what a great time to get off the shooter, and still nothingness. 1 year and almost 5 months and counting. Wonder how people with brain barrier issues feel about the elongated slow movig process of billionaires at this point?
https://astra-veda.com/ventures. IMVHO skyward. possibly life changing. WRFX$$$>
Yes, even more than before the buying blockage. Best option, ask in 2 months. LOL>
Not even close to being alone. we have a winner. Just hold and watch from time to time. It will happen soon enough IMVHO. $$$$
Tell that to the people holding TS** and countless others. Go WRFX$$$
ATWECtech twitter
Had a great meeting with a group of people in the emergency industry, a contract could be signed very soon, for our products and services that are beneficial in saving lives. "ATWT
CEO stated 16 million in revenue in the first quarter. Not much else needs to be said. Can't get first quarter filing soon enough to prove it. $$$$$$ ATWT IMVHO>
Uh? Gee, there is volume.
For what?
Go to the ticker buzz, check out the F ticker thru OTC> There you will find pumping on an item that has not had updated fins for over 3 years and yet, strangely (not) still trades pink. The precedent is set each and every day by the same commission that wants to police a company that has done its repentance to be given another chance. The same system is allowing it everyday to continue. Any SEC attorney should use this as a basis to show that DBMM has corrected its ship and use them as a basis for future occurrences. If you wanna throw in a fine to go along with 3 to 4 years of penalty, boom, then so be it, but straighten your act out and do what this company has done. Then make it a contingency plan whereby, the first time you do it again, no matter how small, revocation is then the result. You've been warned. End of process and set the precedent. There is no precedent now as stocks are still doing what DBMM did years ago and are not in SEC jail, a travesty of discrimination. AIMVHO.
How can they have 17 mil in revenue and not comply with updated fins?
Still believe this is a godsend. Now no one will be able to buy until the shorts have to cover. It will now be beyond historic. DBMM$$$ to pink. How many more times must I see someones new stock pick only to go to otc markets and find 5 -25 billion shares outstanding, no updated filings, anywhere from stop to pink no info, and have not filed for up to 12 years. They are still trading.
THEY SET THE PRECEDENT SO MANY TIMES OVER> THEY WERE TOLD THE PUNISHMENT NO LONGER JUSTIFIES THE CRIME< AND THE OTC MARKET itself justifies that there is no reason for not reinstating this company that is so much more compliant the last 3 years than hundreds still not being given the proverbial C/E hook.
DDDDDBBBBBBOOOOMMMMM IMVHHO is inevitable. GLTA[img][/img]
Because it is now 15 months to get ducks to stand in a row. Dumb ducks. NDTP ducks are supposed to be changed to bucks$$$. LOL.
IQST – iQSTEL Announces CEO Shareholder Letter Discussing Revenue Growth And Capital Structure Improvements
New York, NY – January 19, 2021 – iQSTEL, Inc. (USOTC: IQST) today published a letter from the company CEO, Leandro Jose Iglesias, to shareholders. The letter is included in its entirety, below:
SHAREHOLDER LETTER
January 19th, 2021
Dear Shareholders,
While 2020 was marked by the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, iQSTEL was able to advance in the development of its business plan, reaching a $44.8 Million Preliminary Revenue Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue for FY-2021. This was made possible by having a clearly defined vision and execution plan.
In the course of 2020, we incorporated three new subsidiaries into our business, with the acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of Global Money One, LLC. These three new companies, combined with our existing subsidiaries (Etelix, SwissLink and ItsBchain) create a portfolio of products and services well beyond just in the telecom arena.
We have also diversified our sources of revenue. Until 2019, 100% of the revenue came from the VoIP wholesale services business. That changed in 2020 where only 44% of our revenue came from VoIP wholesale services and 56% came from SMS services. Revenue diversification is a fundamental part of our business plan, and we expect this to continue in 2021 with:
The successful launch of the Internet of Things (IoT) products, where we recently won the IoT Breakthrough Award as the “Appliance of the Year”.
Our entry into the Fintech arena with the release of our Visa Debit Card services through the recent agreement we signed with DTone, which also allows us to manage international remittances and top up off mobile services in 42 countries across the World.
We are focused on a continuous process of value creation for our shareholders, customers, suppliers, and employees. In this sense, our business plan includes gathering all the elements that will allow us to complete a future up-listing to a national exchange.
With that purpose in mind, we have been working on improving our balance sheet. Recently, we announced the discharge of all convertible notes and warrants, and a 48% reduction in total debt. This will be reflected in our first quarter of 2021 financial report.
To mitigate future dilution over the next three years, the company is alternatively pursuing a Reg A registered fund-raising strategy to avoid the potential need of requiring convertible notes or other forms of toxic financing. For this reason, the company summited to the SEC an extension for selling 56 Million shares within the Reg A offering statement (originally qualified by the SEC in December 2019).
At the time the Company submitted the Reg A extension, the 10 cents per share price seemed appropriate. Since then, we have seen a market reaction to recent business progress and a corresponding share price increase in turn closing the gap between our business value and our market cap.
Here is a recap on the most relevant milestones over the previous three months:
Signing of a LOI with ALTERNET (ALYI) to develop an IoT Smart EV device to enter the Electric Vehicles Supply Market (Technology Division).
Signing of a MOU with PayVMS and the incorporation of a new subsidiary, Global Money One, for the development of our Visa Debit Card (Fintech Division).
Execution of the Agreement with DTone for the International Remittance and Top Up Mobile services worldwide. These services will be available through our Visa Debit Card user (Fintech Division).
Our Telecom Business surpassed $5 million in monthly revenue for three consecutive months, setting Monthly and Quarterly Revenue Records (Telecom Division).
Our IoT Smart Gas winning the “Appliance of the Year” (Technology Division) award as an IoT Breakthrough.
We have disclosed within our Reg-A filing, that the use of funds is for servicing debt and funding acquisitions in FY -2021. In conjunction with the recently announced convertible and overall debt reduction, the Reg-A qualification and pursuant fundraising process can be primarily dedicated to funding acquisitions.
The Reg-A financial instrument for raising funds allows the company to sell registered shares, but does not mandate the sale of registered shares. We plan to only sell shares in the Reg-A as needed. Furthermore, the Company has reserved within the Reg A some mechanisms to adjust the offering share price. We are evaluating all available options at this time.
Over the last year our Management Team has shown impressive commitment in executing the business plan, particularly in successfully completing the acquisitions. In further proof of their ongoing commitment to and confidence in the overall long-term potential of the Company, senior management decided to convert 21 Million common shares (valuated in +$5.6 Million at Friday’s closing price), into Series B Preferred shares, with a 1-year Lock-Up and an additional year Leak Out.
The Company is in the middle of executing essential activities, which will be announced over the next couple of weeks. We anticipate these new milestones will further solidify shareholder confidence in our overall Business and Corporate direction.
Please send your questions and thoughts to our ambassador FB group and to investors@iqstel.com.
Respectfully yours,
Leandro Jose Iglesias
iQSTEL Inc. (www.iqstel.com)
Why would they say they would have a letter out by market open and wait to the last minute if not at all?
Gee, I guess they are understating letting the market digest the so called update before market open. tic toc, tic toc.
The real comment from Iqstel was they would have a response later today ( which was actually yesterday) or before the opening bell this morning. So we will get their reasoning before the open. Clearly doing an offering for .10 is not very logical considering everything currently surrounding this ticker. We wait. Where can we get those shares?
Reverse mergers tend to have long quiet periods, so do not be surprised if this takes a while to unfold. IMVHO, good time to accumulate as much as possible at these levels knowing the revenue being infused for montecristo to go public. Share increase almost a certainty but it will be restricted leaving the float the same IMO with a business plan and the public release of financials to set the tone.
No kidding, just like any other major occurrence in the transition of a company to a different place from where it currently stands. THERE IS A JUSTIFIABLE QQQUUUIIIEEETTT period until it goes kaboom, good or bad. DBMM$$$$$
Just a necessary and healthy reset IMVHO. RSI & Stochastic cooling off for another stair stepping run. They are pretty open with news, what will be the next surprise I wonder?
January 4, 2021·8 min read
NEW YORK, Jan. 4, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced a $60.5 million revenue forecast for FY-2021. The 40% revenue growth target is largely driven by the anticipated expansion of the company's new Fintech and IoT (Internet of Things) divisions launched in 2020.
After announcing $39,725,507 in revenue through November 2020, Management expects FY-2020 revenues to exceed its $42 million FY-2020 revenue projection.
Highlights of IQST's revenue growth potential include a recently announced Visa Prepaid Debit Card Service (PDCS) expected to generate estimated revenue over five years of $45 million to $128 million with an approximate EBITDA margin of 30% to 40%.
Further highlights include a recently announced agreement between Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle (EV) innovator, and IQST's IoT Division to codevelop Internet of Things (IoT) two-way device communication solutions specific to the EV operating environment.
In light of the recent exponential market adoption and expansion of blockchain technologies reflected through the rapid appreciation of cryptocurrencies, IQST management also anticipates notable revenue contributions from its own itsBchain subsidiary (www.itsBchain.com)
I am pretty sure we are all ready as we have been waiting since May and since it started down this path over 15 months ago. Still patiently waiting for that which should never had taken this long with the monetary acknowledgements that have been passed around.
Oh, NO! DBMM$$$
Funny, Its been a lot lower. lol.
Thanks, did not realize it was just from today.
Where is there a gap anyway?
Yes waiting for another revenue generating acquisition to occur. GLTA.
How many times must it be said, none of this matters when the pink light goes back on regardless. It is a pure fact that companies with nothing and much less than DBMM provides along with not even doing updated financials have found their way back to pink for no justifiable reasons. PINK means kaboom period. Good luck with it not.
Sounds like my storyline, rest assured, I am with ya. Epitome of patience required. NDTP$$$>
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Impeccable response, i must admit.
Yes and not many under $10.00 a share.
Your right, but for all the wrong reasons of course. It will all come out in the wash real soon. tic-toc.
The something that is not right is on this side of the thinking. When it goes to pink is the only thing that matters. Has absolutely nothing to do with how good a company is and this has been proven so many times over. All that matters is PINK, but everybody knows that. The rest is just noise. DBMM$$$$>
nibble nibble nibble, kaboom!!! I agree with so many others on the alp$ comparisons. Funny enough, was explaining it to my comrade and then amazingly, multiple poster comparisons of the 2 started circulating. The difference, IQST structure is slightly smaller, the revenues are multiplying at a much quicker pace. The only thing they have to contrive is a better profit margin. But that is work in progress and the horizon looks sun filled IMVHO.
Yeah like the peeps who say the company lies about upcoming news. More significant news is coming. Wonder what it might be?
What is implied is ludicrous considering the number of tickers that are still on the pink market who have been non compliant at least for the same period of time up to even twice as long as DBMM. There is no way around this undisputable fact. The commission and the insinuations from this board that this company should be revoked based on past performance alone would be an undeniably tragic precedent set down knowing the facts about their very own commission. This is why there is a much deeper underlying issue. They cannot justifiably demand revocation when they are blatantly disregarding that very premise on so many different levels within their own purpose. They have already set the precedent and kudos to the one judge who put his career ahead of continuing, IMVVHO, the incessant garbage this impeding group spews.
Gotta love the negative twist with unsubstantiated insinuations. lol. good luck with that emotion.
Maybe, but I thought we go by the controversial addage, everybody deserves a second chance, based on good behavior. That just indicates the premise goes way deeper here. There is no other viable explanation. Something much bigger looms in the balance. Regardless of what anyone else thinks IMSHO.
Good luck with that. They can deliver news after market and even tomorrow. Yes lets pull the liar card. Not. LOL.