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Talk is valued based on the source. IQST is delivering so far and has not given us anything I can identify as false any time in recent history. Considering IQST's recent record for communication, I would say it has value until they give it a reason not to.
IQST has been transparent in a way I have not seen from another OTC company, yet.
That statement is too generic to have any real value. Saying it all comes down to what the market wants to pay and the rest is "hoopia" in response to a well thought out post about several company aspects is like saying a sandwhich is only worth eating if someone wants to eat it while ignoring what is in the sandwich. That is, the contents are the deciding factor for many. I have never and will never eat a sandwich without looking what is in it. I will pass on the **** sandwich.
The market at large takes many different approaches on how to determine what a company is worth, but it does condsider at least some aspect of the company. You may be able to say that chart puritans do not look at the company itself, which in itself is true, but not free from affect by various company aspects. Since the values on that chart are affected to some extent by investors/speculators who have looked at various company aspects, the result is that the chart values have the affect of percieved value from various company aspects built into it. The affect of company aspects cannot be avoided in today's market, even if they are often wildly disproportionate to the affect it would logically seem they should have. The market is ran by us humans after all.
EV Motorcycle news from "competition". Different market targeted but same industry. With a $5,000 cost target, I imagine it is in the range of what ALYI could theoretically charge. Though it does not have the seating needed to perform as a taxi service, which is what ALYI is targeting in Africa. I would hope to see something like this from ALYI eventually.
Link: https://electrek.co/2021/01/14/sondors-unveils-80-mph-commuter-electric-motorcycle-that-is-actually-affordable/amp/[color=red][/color]
Fantastic! I usually keep the intro hidden, as well. Had I known how much you improved it, I would have been opening it more often. It looks the best it has since IQST became IQST. Most importantly, it will definitely help those new to the board.
I do not know who sent the email to you, but you are absolutlely what the board needs, so I am glad they did.
Followed. You have provided some of the most solid and interesting posts I have read here. You declare your comfort level with the information you provide and support it. Glad you are here.
Will another mod sticky the message this is responding to?
If not this, then please sticky something. We have 5 mods and only 2 stickies on the board to show people coming to the board some of the news, comparisons, and other information that is considered noteworthy. "Good" or "bad", let's get more informational stickies up there.
Copy post number >> click Manage >> click Manage StickyPosts >> insert number and hit the button to the right
It is one of the most powerful abilities a mod can do to make sure information gets seen by more people. Let's help those comimg to the board.
IQST could uplist with a $2 closing price under the Nasdaq listing rule 5505(b)(2), the "Market Value of Listed Securities Standard".
Link 1: 5500. THE NASDAQ CAPITAL MARKET
Link 2: PDF with easier to read format (Note: This is a NASDAQ PDF download link.)
Full requirements to list under 5505(b)(2), the Market Value of Listed Securities Standard*:
Stockholders’ Equity: $4 million
Market Value of Unrestricted Publicly Held Shares: $15 million
Market Value of Listed Securities: $50 million
Unrestricted Publicly Held Shares: 1 million
Unrestricted Round Lot Shareholders**: 300
Market Makers: 3
Bid Price: $4
OR
Closing Price***: $2
* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed
Securities and the applicable bid price requirement for 90 consecutive trading days before applying.
** Effective August 2019 Nasdaq’s initial listing criteria were revised to exclude securities subject to resale restrictions for any reason from
the calculation of publicly held shares, market value of publicly held shares and round lot shareholders. In addition, the round lot
shareholder requirements were revised to also require that at least half of the minimum required number of round lot holders must each
hold unrestricted securities with a minimum value of $2,500.
*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii)
net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other
financial and liquidity requirements listed above.
In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the
security must have a minimum average daily trading volume of 2,000 shares (including trading volume of the underlying security on the
primary market with respect to an ADR), over the 30 trading day period prior to listing, with trading occurring on more than half of those
30 days, unless such security is listed on the Exchange in connection with a firm commitment underwritten public offering of at least $4
million.
I stand corrected. Nice DD.
IMO, MSPC investors would better serve their interests by moving that money to IQST. MSPC can't ride IQST with only 150k of shares.
Plenty of individuals will keep spouting the incredulous 40% ownership lie, but that pump can only go so far. If enough people look at the Form 1-A POS, the rug will get pulled from under those stating what they know isn't true. Using am out-of-date company description from OTC Markets can only go so far.
You're right. I am just concerned that someone sees your statements that didn't directly point at MSPC doing the divy and somehow believe it applies to IQST, especially the second one.
On the MSPC relationship, it is far less than it was before. I keep seeing a few people stating that MSPC owns 40% of IQST on a certain social media, but according to the Form 1-A POS (page 23) from December 21, 2020, MSPC only owned 1,050,725 shares.
MSPC investors would better serve their interests by moving that money to IQST. Just my opinion, of course.
Link to Form 1-A POS: https://www.otcmarkets.com/filing/html?id=14576724&guid=hQpqUFGcMy5l63h
Again, that should be on the MSPC board, since MSPC offered the dividend, not IQST.
Link for offering: https://www.globenewswire.com/news-release/2018/12/07/1663715/0/en/Metrospaces-Declares-a-Dividend-of-76-710-IQSTel-Inc-Common-Shares.html
Link where IQST stated they have nothing to do with the dividend: https://m.facebook.com/groups/3060865054011310/permalink/3348322601932219/
I don't think we can go after MSPC for not upholding the divy. The lawyers that type those documents tend to use language that protects the company. That said, I am not a lawyer and do not know for sure.
Also, it would probably be better to take the divy discussion to the MSPC board, as it was MSPC that offered it, not IQST.
They don't have 56 million more. It was an amendment to the already existing offering, which means it went down from 80 million to 56 million.
They have several major telecom clients. Another example to add to the 2 you mentioned is Vodafone, which had over 400 million telecom customers in 2020. For reference, the US had a population just under 331 million as of December 2020.
Link for Vodafone: https://www.statista.com/statistics/241577/number-of-vodafone-mobile-customers-by-markets/
I agree with your insights. The parallels between IQST and ALPP are enough to see some possibilities. With much of the ALPP investors now looking for the next ALPP, IQST is taking a jog at the right time. Considering the IoT news tomorrow, IQST may be done warming up and ready for the run.
IQST could uplist with a closing price of $2 under the Nasdaq listing rule 5505(b)(2), the "Market Value of Listed Securities Standard".
Link 1: 5500. THE NASDAQ CAPITAL MARKET
Link 2: PDF with easier to read format (Note: This is a NASDAQ PDF download link.)
Full requirements to list under 5505(b)(2), the Market Value of Listed Securities Standard*:
Stockholders’ Equity: $4 million
Market Value of Unrestricted Publicly Held Shares: $15 million
Market Value of Listed Securities: $50 million
Unrestricted Publicly Held Shares: 1 million
Unrestricted Round Lot Shareholders**: 300
Market Makers: 3
Bid Price: $4
OR
Closing Price***: $2
* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed
Securities and the applicable bid price requirement for 90 consecutive trading days before applying.
** Effective August 2019 Nasdaq’s initial listing criteria were revised to exclude securities subject to resale restrictions for any reason from
the calculation of publicly held shares, market value of publicly held shares and round lot shareholders. In addition, the round lot
shareholder requirements were revised to also require that at least half of the minimum required number of round lot holders must each
hold unrestricted securities with a minimum value of $2,500.
*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii)
net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other
financial and liquidity requirements listed above.
In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the
security must have a minimum average daily trading volume of 2,000 shares (including trading volume of the underlying security on the
primary market with respect to an ADR), over the 30 trading day period prior to listing, with trading occurring on more than half of those
30 days, unless such security is listed on the Exchange in connection with a firm commitment underwritten public offering of at least $4
million.
Can a mod add the graph in the post I am responding to in the info box above all of the comments?
Per an announcement from IQST (ALYI partnership link), IQST is partnered with ALYI but does not have any stated ownership. An IQST subsidiary (IoT Labs MX) is providing software for the EV being created by ALYI based on the below announcement content (note: bulleted list was modified to have spacing and dashes added since the bulleted list did not copy and paste with the list format intact):
"New York, New York--(Newsfile Corp. - November 6, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI), an electric vehicle (EV) innovator, today announced conducting a kickoff meeting with iQSTEL, Inc. (OTC Pink: IQST), an international telecommunication and fintech service provider, initiating the planning phase of their new joint design program to codevelop two-way device communication solutions specific to the EV operating environment. Earlier this week, the two companies announced a letter of intent (LOI) agreement for IQST's Internet of Things (IoT) development team to combine efforts with ALYI's EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.
ALYI's first generation EV is an electric motorcycle, designed for, among other applications, utilization within the rideshare (exemplified by Uber and Lyft services) sector in Africa evolving the prevailing robust motorcycle taxi (Boda) market. ALYI's electric motorcycle design program, orchestrated by MODUS, was recently detailed in an online narrative presentation.
IQST subsidiary IoT Labs MX specializes in Internet of Things (IoT) design and development to include wireless and vehicle telematics space that provide telematics solutions. IoT Lab MX, among other products, has developed the IoT Smart Gas Platform (www.iotsmartgas.com).
IoT Labs MX and MODUS plan to work jointly to develop two-way device communication in the Revolt Electric Motorcycles with, among others, the following functions:
- Geolocation
- Battery Management
- Theft and Accident Interfacing with
- Emergency Services
- Remote Maintenance Management
- Vehicle Body and Component Leasing Management
- Driver and Passenger Personal Mobile Device Interface
- Rideshare System Interface
Yesterday, MODUS and IoT Labs MX met in their first formal meeting since executing the LOI for the purposes of organizing the co-development project."
You and I agree 100% on that. We do not need misinformation for IQST to grow. I want to make money with a clean conscience and this company fits that bill. IQST will rise on its own merit. If everything with IQST was perfect, I would question why it was in the OTC and if I was missing something. Instead we own a growing company with expected growing pains and were/are able to get in on the ground floor.
I started with MSPC when it owned a majority position of Etelix and I was on the run that went to .0029. Unfortunately it was buried in dilution. As soon as Etelix was reverse mergered into PSNX, I dropped every extra cent I could scrounge at the time to get as many shares as possible. Due to a few factors, I didn't actually get in until it was $2.50 a share. Averaged down from there to get to $0.0789 a share.
We know what we own.
I think you may have intended that post for the MSPC board. I know you are in both stocks and IQST doesn't have enough shares to flip billions in a day.
I edited this message after posting because I missed the date on the filing. Your filing is from mid 2020 which means the Dec 22 2020 filing is more recent. Still, IQST is improving rapidly over time, with some finacial "bumps" that come with aquiring companies and growing an early stage company. They are clearly ironing these out as time progresses amd going in the right direction.
While the 1-A POS filed on 12/22/2020 (link to filing does show slightly unfavorable numbers, these values have been moving in the right direction with the exception of when new companies were aquired to further the goals of IQST. These same investments are expected to turn a profit in the future with interim "bumps" showing in the quarterly reports of the quarters where the aquisitions were made. This is how an early stage company works. Investments are made that are expected to return more value over time. It appears to me that IQST has done a good job of this so far and I believe the financials will continue to improve. Look at the year to year comparison between 2020 & 2019.
This company is not going to have financials that look like a midcap company when it is in such an early stage.
Please post a link to the SEC filing you are referring to. The most recent filing I saw was the 1-A POS filed on 12/22/2020 and it does not offer the same numbers you provided.
Don't attempt to write me off as a basher as my goal is simply to prevent false information. I have already debated with "bashers" recently over this same type of situation and think that anyone presenting false information is bad for IQST. Please add a link for the filing so the entire board has something to reference to validate the numbers you presented.
To be clear I am not trying to shut down "what if" conversations or ideas about the company's future. That type of discussion is what makes a board like this a beautiful thing. I just want to avoid anyone stating false facts. Let's keep the discussions going.
I just don't want false information out there. If someone has something factual and "negative" to say, then they are welcome to it. I would love to see something come up that I was unaware of. I am invested heavily here and if there is a reason for concern, I want to know it ASAP.
The last concern I had was Brito and he is gone. I have seen IQST improve at a rate that I have not seen in any other OTC stock. PPS doesn't reflect that yet, but I think it will.
You are absolutely welcome to your opinion. That said, there is a world of difference between MSPC & IQST and until something factual is provided to somehow show that is no longer true, there is simply no sense in making a comparison between the two. It is like comparing bicycles and sports cars.
Lol
That reverse split was done by different executives before Etelix was reverse mergered into what was PSNX at that time. There have been NO reverse splits since the current execs took over the ticker symbol, which eventually became IQST.
Please do your DD before making misleading statements.
Again, the execs that were running Puresnax did the reverse split before any current execs or the underlying companies were associated with this ticker symbol. The stock symbol was changed from PSNX to IQST shortly after the reverse merger to symbolize the change in management and the new companies that are currently associated with the stock symbol.
Is this good or bad? I am unfamiliar with the PSAR. Thank you in advance.
Well said.
Good to hear a success story. Congratulations. I hope you see even more gains than you expect.
Regarding the delisting of the 3 major Chinese telecom companies:
1) To my knowledge, the delisting falls under the "Midnight Regulations" that Biden is halting as of January 20th. This leaves this decision to be truly undecided as any decisions following Jan 20th could completely eliminate the delisting. Link to an article discussing Biden halting the "Midnight Regulations".
2) IQST has not been ordered to cease business with either of the 2 major chinese telecoms they have as customers (China Telecom & China Mobile). If IQST had been ordered to cease business with them, we would have to be notified due to the fiduciary responsibility of IQST to its stockholders. With these points in mind, it appears IQST will still have full access to the portion of the customer base it previously did, via any contracts between IQST and the affected chinese companies.
3) It seems unlikely that the removal of the American depositary receipts (link for explanation of ADRs) from The New York Stock Exchange are going to cause the respective chinese telecoms to lose business. The ADRs are certificates that tie back to the true stock in the foreign exchange. To my knowledge, the aforementioned telecoms don't have any actual customers in the US and I have a hard time imagining individuals in another country leaving their provider because some ADRs in the US are no longer being traded. I have seen many US based telecom providers have unfortunate times in the market and have not heard of a single person dropping their service provider because of any action in the stock market.
4) Lastly, the following are the customers of IQST listed on the website. While China Telecom and China Mobile are powerhouses (of which IQST can continue do business with given prior reasoning), they are not the only powerhouses that are customers of IQST and IQST has shown that they are constantly finding new customers and opportunities... that is how they aquired their customers in the first place. Some notable customers are Verizon, KDDI, Deutsche Telekom, Vodafone, Airtel, Reliance, TATA Communications, and Bell Canada.
A large number of the customers currently listed on the IQstel website have multibillion dollar market caps, which includes several companies beyond those listed above. Even in a worst case scenario, IQST will not be hurting for customers and they are still just getting started.
From Iqstel.com:
"iQSTEL through its subsidiaries is interconnected with the most important telecom players and value added integrators in the world, among which it is worth mentioning the following: Verizon, KDDI, PCCW, Hutchinson, Flow Jamaica (Cable and Wireless Caribbean), Cable and Wireless Panama, Millicom (TIGO), Telefonica de España (Movistar), Telecom Italia (TIM), Portugal Telecom (MEU), Optimus (NOS), Belgacom (BICS), Deutsche Telekom, Vodafone, Airtel, Reliance, Viettel, TATA Communications, iBasis, Orbitel, Entel, China Telecom, Telmex (Claro), Orange, Telenor, Telecom New Zeland, Bell Canada, Telia, Telstra, Message Bird, QuickCom Global, Telintel, Tyntec, Infobip, AMD Telecom, Nexmo “Now VONAGE”, RTX Routerader, Mitto AG, Mr. Messaging, China Mobile and IBM."
I cashed out of this stock when it came alive again. I do not regret it because I found a solid investment for the funds. That said, I wanted to congratulate everyone that stayed. I hope your current gains give you a great start to the new year. Rock out MSPC!!!
You are absolutely right and I stand corrected. I looked through OTC markets docs/filings, as well as the company profile and you are spot on. Nice attention to detail.
Hopefully soon. A lot of investers will be selling for tax write-offs this month if IQST does not go up. On the other hand, it will be a great buying opportunity for those of us that stay.
I grabbed another 50,000 this morning and will certainly go after more if such an opportunity presents itself.
I apologize. That said, investopedia is a really good resource.
Funny in a clueless sort of way. The comment stemmed from the possibility of naked shorting. You should read up and understand that before making any joke showing a clear lack of understanding.
Below is a good source for learning the basics of investing and the link from within that site for naked shorting.
https://www.investopedia.com/
https://www.investopedia.com/terms/n/nakedshorting.asp
I have avoided "conspiracy theories" in the past, but I have to admit that I am with you on this one. While the points about financials made by many on here stand to reason in normal stock trading, I have seen far less/worse results producing epic runs and gains in the OTC. Even the bloated carcass of MSPC is going up now on absolutely nothing!
This is also not a one off scenario. IQST has put out news on several occasions that are comparable to news I have seen cause other OTC stocks to soar.
At this point I think a share count, if possible, would be a reasonable step just to be sure.