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400,000 shares can be bought with $20,000 at $0.05 a share. How close would that put someone to owning 4.9% of the float?
I do not think we would be here and have this possibility before us if it was not for current stock market conditions.
Someone down at my level may never see another buying opportunity like this again for a stock like this, so I am on a knee and proposing to marry this one (for a few years).
This seems about the time I would be accused of being a pumper. I am not a pumper but this stock has me so hard that Viagra wants to ask me what my secret is!
Is there risk? This is the OTC at a very crappy time, so hell yes. I am good with it.
My last major concern was Brito and that was handled by the company.
I will never spend more than I can afford, but I will flirt with that line for this stock as long as I can.
With how low the pps keeps going, I wish they would make the share structure public again, so we could know how much 4.9% of the float is. It can't be that high.
People are losing their jobs, work hours, etc..
Considering shrinking incomes, the OTC being a choice for many (not necessary for income), and the general growing fear of investing in stocks right now; it unfortunately makes sense that general buying volume in the stock market has and will continue to lessen for now.
I might be missing something that counters this, but it is hard to see any true growing strength in the OTC especially. Many OTC veterans have said this will change, but that is not yet upon us.
I would think 5G would be a very strong push with the amount of people doing work/schoolwork remotely due to quarantines, but the overall market seems too weak right now.
IQST is gold, but who can see gold in the dark when most people are just looking for a light at the end of the tunnel.
...on an ACME rocket.
Reply to:
"This thing is heading to da moon!!"
Didn't get any 5s, but got a lot of 6s. Felt really good considering that I bought my original shares for $2.50 each.
CDEL is relentless. Already took it back to where it was earlier this morning.
If it was canceled, we might see another drop in pps. IQST is making the right moves, but at a very bad time. Random bad luck.
If Southern Cone Communications Company S.A. is the company, our 25 million doesn't stand a chance to get controlling ownership. Check out the below article...
Three Carriers Launch $220 Million Venture for Fiber Network In Argentina and Chile
My only caveat is that I cannot find a date for the article.
Anyone have an opinion on this?
I found the Vodaphone connection:
Link: https://fintel.io/doc/sec/1527702/000107878219000252/f1aoffering_1a.htm
See text for #5 below.
...Results of Operations for the Three Months Ended September 30, 2018
Revenues
Our total revenue reported for the three months ended September 30, 2018 was $3,794,359, compared with $1,899,910 for the three months ended September 30, 2017.
We expect our revenues to increase in future quarters as a result of de development of our business plan and the expected growth of Etelix revenues.
The increase in our Revenues is the result of the following actions:
1)The development of new transit products for international long-distance traffic associated with traffic termination in Africa and Asia.
2)The strengthened of the international traffic operations in destinations such as Peru and Chile. This is reflected in the traffic growth for these countries from a few minutes to more than 200,000 minutes a day.
3)The establishment of commercial agreements with new small suppliers for the long distance markets of Colombia, Venezuela and Bolivia.
4)The consolidation of existing commercial relationships with key players in the global telecommunications market
5)The execution of a network interconnection contract with Vodafone India.
6)Establishment of new business relationships with large ILD Wholesale players in Asian market; and the restoration of old and decreased commercial relationships with important Asian carriers.
...
[Edit] Good luck to you and every IQST investor, as well.
Their submarine cable is capable of transporting 5G. They don't need any 5G aquisitions to be 5G capable.
Did you mean aquire a 5G contract with someone?
I would need to look again, but I could have sworn that they made a 5G contract with Vodaphone (in India) in the last couple years. The only problem was that 5G is not yet being delivered in India. It still is huge for when 5G starts being delivered there.
What is CDEL known for? That market maker has been holding IQST down for over a week now.
Big news is relative. I would say 5.1 million shares being returned to IQST is certainly BIG news. I understand that you do not see it that way, but they probably do and if so, they have delivered big news. There isn't any news that every investor watching this ticker will agree is big news.
Watching CDEL, it is clear that someone is trying really hard to hold this down.
I doubt there is any dillution and even if there was, however unlikely with Brito gone, IQST just got 5.1 million shares back from MSPC.
It will take more than fake dillution allegations to stop this run!
That is fair. I look forward to similar news.
That news is incredible as much of the news over the past 2 weeks has been. What kind of news are you expecting?
..."In breaking news, God has now invested in some humans' company (IQST) to gain a trade currency that is completely worthless to a deity"...
You have bawked at some amazing news recently. Please tell all of us; what amazing news should we be expecting?
This news is PERFECT!!!!! Oscar Brito was the one that drove MSPC into the ground and diluted shares during every MSPC run I was in. Getting him off the board of IQST is AMAZING news and great for all IQST shareholders.
This is a HUGE move against future dilution as Brito has a track record of tending towards diluting!!!!
I love the part where they group IQST with all of the mega telecom 5G companies...
..."Media companies such as Stock Market Press are reporting on the fast growing blockchain 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( HVBTF, -6.62% and Long Blockchain Corp. LBCC, -5.45% in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others."
The prior endeavor was not from these directors. That was under different management and prior to the reverse merger that brought in the new management. Your MSPC comment is definitely correct, though.
What could they possibly gain from a reverse split (which they said in a statement will not happen) when IQST already has such a small share structure?
I made it down to $0.1313 earlier this year. Averaged down from my original purchase price of $2.50.
How possible is it that this can be driven below $0.10?
I am not spreading negativity or trying to spread fear. I am heavily invested here and wondering what I could expect, say, over the next week.
[Edit] I know what I am expecting long term but rarely pay attention to the short term. The movement on this stock has me interested.
Only up-list filing I have seen so far was their anouncement. It doesn't state NASDAQ, but they keep using #NASDAQ in their tweets as previously pointed out.
iQSTEL Inc. Announces that it will Initiate in the First Quarter of 2020 to Up-list its Company to Higher Exchange
This part...
"These are the same guys SAID they were going to do an offering at $6, then $3, but we’re too incompetent to do that paperwork properly, so then had to dilute their stock price down to .04. 4 freaking cents."
...I 100% agree with you on. This has me very angry. Like Maronti1, I have been in M$PC and IQST for years. I believe Brito is the core problem.
My disagreement with you was soley on the understanding of when and how the shares mentioned in the 8K will be distributed.
For what it is worth, I have mostly agreed with your posts until today.
That "cake" will not be our concern if they don't fail on their payments. Get rid of Brito and I will be more confident that they will succeed.
[Edit] Fixed Maronti1's tag and added some spacing.
There is no "shaft", as you put it, unless IQST goes default on its payments. I read the 8K very clearly, unlike some.
As for the childish sheep insinuation, you clearly understand my position on the stock as well as you understood the underlying conditions of the shares as stated in the 8K.
[Edit] My problem is with someone putting out misinformation. The same reason I want Brito (who promised the divy) gone.
It wasn't an opinion, but an explanation of something you didn't seem to fully understand. You're welcome.
Since you clearly did not read it the first time you had this explained to you, here it is again:
TradeForProfits Member Level Friday, 02/14/20 09:28:25 AM
Re: waytoorandom post# 8650 0
Post # 8664 of 8697
that isn't the cost. that's a reserve, a 'just in case' payments aren't made, then the note holder can receive shares without corporate approval, basically it's just 'pre approved to issue' if needed. like a parking spot that is reserved for you. if you need it, it is there. PR states their cash flow is sufficient to pay back under these new terms.
Thank you. Makes sense.
Why is CDEL trying to wall off the ask?
AMAZING NEWS INDEED!!!!!!!!!
We get really good news (aquisition) and the stock price goes down, then we get bad news (the going to need a donut pillow to sit down comfortably type of news) and the stock price barely changes. I am very confused by the action on this stock.
Would you please help me with a link or website that I could look up the short interest on a given day? Thank you in advance.
Another IQST article from yesterday. They are busy getting the word out about IQST.
5G Network Companies Compete, Merge And Lift Marketplace
"...5G technology helps drive record fiscal performance at iQSTEL Inc.’s (OTC: IQST) wholly-owned subsidiary Etelix. Etelix provides Submarine Fiber Optic Network capacity for internet (4G and 5G). It was founded in 2008 and been profitable since inception, the company said.
Stock Market Press is reporting on the 5G telecommunications market by reporting on such company stocks as iQSTEL Inc. (OTC: IQST),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S), Ericsson (NASDAQ: ERIC) in 5G networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
5G technology competition and mergers help grow marketplace for iQSTEL Inc.’s (OTC: IQST) Etelix subsidiary..."
The reverse split was under a completely different executive team and prior to when Etelix was reverse mergered into PSNX (now IQST).
Lol. I get it. I just don't like knowing someone like Oscar Brito is helping make decisions for a solid company like IQST, even if he is the reason we have access to it in the first place.
M$PC went to .0029 under Brito on March 7, 2018. That day was the best I ever had in the OTC and the first time I saw a major run shut down due to dilution.
The highest M$PC went was .0029 and I made a boat load from it. I had 50,000,000 shares when the stock was at .0001 prior to that run. That is also the exact run that I refer to when I was saying Oscar Brito killed the run with dilution. He has diluted every run (this includes those that only went to .0005 or .0006) I have seen since buying into MSPC in early 2017.
I absolutely expect amazing things from IQST, but I feel the potential is greatly reduced by having Oscar Brito influencing IQST's decisions. His dilution of runs for M$PC had me incredibley anxious there and because of what just happened with the IQST run, I am now getting anxious here as well.
I do not regret investing a single penny in either company, but I do believe separating him from IQST will be beneficial to IQST and all of the IQST share holders. Him and only him.
Last but not least, I am absolutely still buying shares here. They will be worth more in the long run if Brito is gone, but I believe they will still be worth many multiples of what they are now even if he remains. Call me greedy, but I definitely want more potential and gains.
The dilution, however necessary for liquidity, killed the run. Oscar Brito did the same thing to M$PC. Hopefully, he is selling the M$PC owned IQST shares into the float so M$PC and Oscar Brito lose any influence over IQST. He is the only exec that I think is pushing the crudtastic share dilution approach.
On an aside, I have thousands in both stocks and have owned Etelix shares (was Puresnax) since it was reverse mergered into PSNX(now IQST).
Oscar Brito made IQST possible because of his earlier decision to do the purchase and reverse merger, but his usefulness is done. He is too toxic to the stock to keep around. IQST and M$PC need to be separated for the future of IQST.
From the article...
...Etelix, a wholly owned subsidiary, is interconnected to the most important players in the industry, among which it is worth mentioning the following: Verizon, KDDI, PCCW, Hutchinson, Flow Jamaica (Cable and Wireless Caribbean), Cable and Wireless Panama, Millicom (OTC:TIGO), Telefonica de España (Movistar), Telecom Italia (TIM), Portugal Telecom (MEU), Optimus (NOS), Belgacom (OTC:BICS), Deutsche Telekom, Vodafone India, Airtel, Reliance, Viettel, TATA Communications, iBasis, Orbitel, Entel, China Telecom, among many others. - iQSTEL...
The yearly revenue of $16,327,870 is 11.47 times the current market cap of $1,424,082 (current share price $0.13).