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Most of what I posted disappeared when posting it. I think I am no longer familiar qith all of the tags like I was years ago. Oh well. I will try to reformat it qith corrected links.
The $2 closing price option is one of many potential uplist avenues. There is criteria for $4, $3, and $2, but they all come with varying attached requirements. The $2 standard is from the NASDAQ Capital Market (in link 1 and the middle option in first image below), as opposed to being from the NASDAQ Global Market or NASDAQ Global Select Market. There are 3 different NASDAQ markets.
See below for the links and images from the PDF (all from listingcenter.NASDAQ.com) that show the many avenues to uplist to one of the three NASDAQ markets. Feel free to click and read any of the link contents for further verification.
Link 1: 5500. THE NASDAQ CAPITAL MARKET
Link 2: 5400. THE NASDAQ GLOBAL MARKET
Link 3: 5300. THE NASDAQ GLOBAL SELECT MARKET
Link 4: Summarized PDF with easier to read format (Note: This is a NASDAQ PDF download link.)
While I understand what you are aiming for with the calculation, the market cap is what I had calculated and it uses the entire OS, restricted and unrestricted.
Are you saying that the restricted shares are going to be returned to the treasury/canceled? In that case, I should remove them from the calculation, but if they are not being returned to the treasury, they still count towards the market cap. If they are being returned, than I agree that the difference is momumental and I apologize for missing that.
I am being sincere when I say, help me understand the piece I am missing.
$SPQS $1 billion RM not adding up.
- MMG says SPQS wants to RM to uplist to NASDAQ (image below).
- They will need $4 share price.
- The OS is 4,178,763,151 (image below).
- MMG stated no reverse split (image below).
How will SPQS get to & maintain $16,715,052,604 market cap (4,178,763,151
× $4)?
For clarity, I don't bash. Check my history. I had a buy order and decided to look into this more prior to the opening bell. There may still be a price jump. However, it is hard for me to believe that a company worth almost $1 billion is unable to do the simple math above to see how unlikely it is to uplist to NASDAQ through a ticker with 4,178,763,151 outstanding shares and the need to get to a $16,715,052,604 valuation ($4 per share).
I really hope this is just a PR article to legally cover their tails.
"ANAHEIM, CA / ACCESSWIRE / July 26, 2021 / Elite Beverage International, Inc. ("Elite") confirmed today that it remains unaffiliated with New Generation Consumer Group, Inc. Elite has not entered into any merger, acquisition, asset, or other combination agreement with NGCG and has no plans to do so. Elite is providing this news release to clarify certain incorrect and unauthorized information that it understands may have been circulating in the investment community..."
https://www.accesswire.com/657091/Elite-Beverage-International-Remains-Unaffiliated-With-New-Generation-Consumer-Group-Inc
Good to know. Kropf focusing on BICB is good for us.
Thank you for the feedback. I wish it was different. However, the market doesn't work on wishes. I will have to continue to believe that such an incredible share structure and low market cap will still work incredibly in our favor.
I already have a significant position, so I will be looking into Kropf's other tickers more deeply now. I entered several positions recently and had not done full DD on BICB yet as it appeared to have such a great structure that it warranted a deeper initial position.
Seems like Robert Kropf is a very busy person. He is the current president for BICB, VHUB, and ALSI.
Has anyone been in one of his past reverse mergers?
Hey GS1. Thank you for the tremendous DD you have shared about ADSV and the merger prospects. I have reshared some of your content on Stocktwits and Twitter, making sure to give you credit each time. Again, thank you.
Happy Birthday Knux!
Great post. I added it to Stocktwits and gave you credit for it.
https://stocktwits.com/42hours/message/341400022
Thank you, Knux. I have been dropping by every few days and reading, while waiting for the months of red market to turn around. Still IQST strong.
#TeamCastle
The blockchain being used for MNPA was coded/created from the bottom up by ItsBChain (https://itsbchain.com/) which is a 75% owned subsidiary of IQSTEL. This covers the proprietary component. The "About Us" in the above link covers that if you would like the source.
With the blockchain being owned completely by IQSTEL subsidiary, they are able to charge to use it as a service and retain the ownership. This makes sense given that this blockchain usage is focused on the secure smart-contract capabilities of the blockchain, as opposed to the financial value that many popular blockchain technologies are currently known for. That is, when a blockchain is used based upon financial value, ownership is required to be passed between entities, while usage based on the secure smart-contract alone only requires that the transactions (mobile number portability application transactions) be recorded in the blockchain for the security and speed capabilities. This allows ItsBChain (IQST subsidiary) to maintain full ownership of the blockchain they created. Below is an excerpt from a PR by IQSTEL describing their intention to use the blockchain as a service.
"ItsBchain's long-term goal is to implement the MNPA PaaS, or as we like to say, Blockchain as a Service (BaaS), with over one billion end users.
Our MNPA BaaS will include smart contract functionality and as part of the Blockchain platform, our MNPA will also include a high degree of protection for end user information."
Link: https://www.prnewswire.com/news-releases/iqst--iqstel-announces-mobile-number-portability-application-blockchain-platform-301239807.html
#TeamCastle
I also bought some more earlier today. I want more but am sitting at a decent number of shares for now.
Why are people bailing after this news. This seemed like goods news for ADSV.
What am I missing?
Does anyone know a way to get around the new SEC rule and purchase a stock that is not up to date on filings. I heard institutions can, but cannot find anything. I am trying to see if an investor could start an LLC or S Corp and purchase non-current stocks.
Any info/links would be greatly appreciated.
I strongly disagree. Announcing a dividend may cause shorts to leave for a couple days and then come back. Most announced dividends in the OTC never actually happen, which tends to embolden shorts after 1 or 2 days. I have seen this play out too many times over the years I have been trading in the OTC.
Even more so, making a dividend while working on improving margin is absolutely ridiculous. The company is still growing and should be using any extra money flow for growth.
Making a dividend right now, while margin is still being improved, and IQST still has SO MUCH growth potential would be the absolute first time, since June 2018, I would consider selling EVERY share I have. I am absolutely bullish on IQST, but not if they do something that incompetent. Many on this board know how large my position is and how long I have been with IQST (since before their ticker was IQST) and the short-sidedness of doing dividends would show they have lost their focus and are willing to LITERALLY THROW AWAY MONEY just to attempt a VERY SHORT LIVED gain in PPS and VERY SHORT respite from those shorting the stock.
A DIVIDEND WOULD BE ONE OF THE ABSOLUTE WORST MOVES THEY COULD MAKE AT THIS TIME!!!
To all of you beautiful $IQST owners, here is a Reddit post I made discussing how I believe IQST is taking on improving margin head on and make no mistake, they absolutely are!
https://www.reddit.com/r/IQST/comments/mcvvtb/lets_talk_margin_and_how_iqst_is_tackling_it_head/?utm_source=share&utm_medium=web2x&context=3
On a side note: I have been away a while because my work load has increased a LOT. I am still here and VERY bullish on IQST.
#TeamCastle
Back in 2019, I remember looking at that sticky (post #1125) and considering buying some of each. I looked at their prices today to see how it would have turned out and I really wish I had bought each. Look at CRGE alone. That is wonderfully ludicrous.
Best of luck to all of you and thank you for everything each of you adds to this board.
All about that margin improving!!!
Article excerpt:
"The iQSTEL revenue forecast for 2021 is $60.5 million. In addition to the dramatic revenue growth, Management anticipates improved profit margins as iQSTEL consolidates its Telecom subsidiaries under a single brand name to improve marketing momentum and operating efficiencies.
Management further indicates the potential to exceed the current revenue forecast as a result of potential contributions form the company's other growing, high margin business units including its Technology Division (IoT and Batteries for EV), Fintech Division (Visa Debit Card), Blockchain Division (MNPA)."
https://www.marketwatch.com/press-release/iqst---iqstel-telecom-foundation-expands-with-improved-gross-margin-contribution-2021-03-17?siteid=bigcharts&dist=bigcharts&tesla=y
Hello all of you IQST owners/future owners. I am still here and very bullish on IQST, but work is taking up a lot of time right now. I am dropping from being a moderator.
The news today was both incredible and expected giving how well IQST has been performing.
Great post and NASDAQ requirements breakdown.
Well said and I agree. IQST is and has been making the right moves. MM games are unfortunate, but all of the IQST value is still there, like you said. The bump Friday was a nice relief from the MM games. Monday will be MMs versus momentum. Unfortunately, MMs usually win in the short term. Maybe we will get to be pleasantly wrong.
One small thing, 7 companies and presence in 13 countries, as opposed to 13 companies. Even better, 4 of those companies (the 4 telecoms) are being combined under 1 brand to cut costs and improve margin. IQST continues to not only find new value, but also continues to increase the value of what it has.
Glad to have you here.
Anything prior to June 25, 2018 was with completely different execs and a completely different company, which is fantastic, because the prior execs and company were shareholder nightmares.
On June 25, 2018, Etelix did a reverse merger into PSNXD( link: https://www.owler.com/reports/etelix-group/etelix-group--etelix-becomes-a-publicly-listed-com/1530288840434), which would later change the ticker symbol to be $IQST (on 8-30-2018). Etelix was the very first subsidiary of IQST. They now have 7 subsidiaries.
To be 100% clear, the current execs have NEVER done a reverse split with this ticker symbol, which is to say no reverse split has been performed since they took over the ticker symbol on June 25, 2018. They have also stated that they have no intention to perform a reverse merger either.
I hear you #TeamYacht . Traveling in style with all of those IQST gains sounds prefect.
#TeamCastle ... #TeamShotgunShack ... all still #TeamIqst. We all found a solid investment and something I doubt any of us thought we would find in the OTC.
We will all see solid gains!
That is, very sincerely, the best first time post I have seen. Fantastic DD. Glad to have you on board.
I added it to the stickies. Thank you.
Look at the board posts for today. #TeamCastle is still here and strong.
If you think this is a P&D, then you clearly have no idea what you own. Sell us your shares and move on. Otherwise sit tight and remember what you own.
Here, let me remind you:
- debt free
- has no convertibles
- has a small outstanding share count
- has a very conservative revenue outlook of $60 million for 2021 (doesn't include several new revenue streams being developed)
- Recently signed contract to provide telecom services to Vonage (yes, that Vonage!)
- signed an LOI with a Fortune 500 leading chemical company (based around award winning IoT tech)
- is making EV batteries & software with a buyer already lined up
- has an international submarine cable capable of 4G & 5G
- just released its Visa Prepaid Debit card
- is extremely transparent with stock holders
- developed blockchain solutions for telecom industry
- has 7 subsidiaries
- presence in 13 countries
...
I just saw that GigantorX already posted this. I have been staying away most of the day, so I had missed it.
This MM just showed up on L2. I read that it only does institutional trades. It is only sitting at the extreme ends of the bid and ask, but why would it be here if not to eventually exchange shares.
MPID = WABR
MP Type = O (order entry firm)
Name = Wall Street Access
Location = NEW YORK NY
Telephone = 1-800-326-5195
NASDAQ Member = Y
FINRA Member = Y
NASDAQ BX Member = Y
PSX Participant = N
Your post is absolutely awesome and any position in IQST is fantastic. Enjoy the gains!
#TeamCastle
#TeamShotgunShack
Unfortunately, I have not researched that. I do understand that it can vary depending on the uplist method chosen, but don't know to what extent. Hopefully, IQST has engaged an uplist expert, which having seen their past propensity for hiring experts, seems very likely.
The $2 closing price option is one of many potential uplist avenues. There is criteria for $4, $3, and $2, but they all come with varying attached requirements. The $2 standard is from the NASDAQ Capital Market (in link 1 and the middle option in first image below), as opposed to being from the NASDAQ Global Market or NASDAQ Global Select Market. There are 3 different NASDAQ markets.
See below for the links and images from the PDF (all from listingcenter.NASDAQ.com) that show the many avenues to uplist to one of the three NASDAQ markets. Feel free to click and read any of the link contents for further verification.
Link 1: 5500. THE NASDAQ CAPITAL MARKET
Link 2: 5400. THE NASDAQ GLOBAL MARKET
Link 3: 5300. THE NASDAQ GLOBAL SELECT MARKET
Link 4: Summarized PDF with easier to read format (Note: This is a NASDAQ PDF download link.)
Welcome to #TeamCastle Moose!!! IQST has and is doing amazing things for everyone here. Glad you saw/see it too.
I would almost feel sorry for the shorts right now....almost. IQST is soaring!!!
Rock out #TeamCastle !!!