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You must be referring to the next one. This one they have to do, they do not have enough shares to cover the notes.
Yes read the 6k.
They did. But with the dilution since then they have maxed out their O/S's, the O/S's is 410 million the A/S's is 500 million. Not enough left at the current price to cover the notes.
Well all shareholders will get a chance to vote. directions on how will come from your broker. Since insiders do not own shares if we could get coordinated we could stop the R/S, stop the increase in A/S's.
Well they announced they will be talking about a 20-1 R/S. And since no stock ever has not done it after a meeting to discuss it I am pretty sure we can expect it. Now since it ran like crazy in Feb when they did the last one can we expect a repeat. And would be nice if the run was before the R/S.
HOLO is on fire. Expecting at least 50 dollars from this run from .50
30-1 or 70-1 R/S coming.
Under the terms of the SPA, the Company is obligated to file a preliminary proxy statement for purposes of calling a special meeting of the Company’s shareholders to seek approval of certain prescribed proposals. These proposals include an amendment to the Company’s certificate of incorporation to effect a reverse stock split (“Reverse Split”) of the Company’s outstanding common stock in the range of one share-for-30 shares to one share-for-70 shares
Besides I don't care. This is far from an investment, It is still a flippers stock. I am only here to make money I could care less what the company does. When it hits my buy in price I will buy back in just waiting for the price to fall to accommodate the option and offering then I will get in at their price and ride the manipulated hype run to the top and bail again. Maybe in a few years I will reevaluate my opinion and hold.
Costs where paid for with the 2 million shares they sold. So basically no expense.
IQST - iQSTEL Exceeds $120 Million 2023 Annual Revenue Forecast Before EOYPress Release | 12/12/2023
IQST - iQSTEL Exceeds $120 Million 2023 Annual Revenue Forecast Before EOY
PR Newswire
NEW YORK, Dec. 12, 2023
NEW YORK, Dec. 12, 2023 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced the company has already exceeded its FY-2023 $120 million annual revenue forecast based on preliminary accounting.
iQSTEL logo (PRNewsfoto/iQSTEL, Inc.)
In conjunction with today's announcement, the company CEO, Leandro Iglesias, has published the first of two shareholder letters to review the highlights of the company's 2023 performance in conjunction with an outline of the company's plans for continued growth in 2024. The letter includes a summary of management's outlook on the upside potential of the company's current share price and the latest update on the company's plans for uplisting to Nasdaq.
The second letter which will focus on an update of the company's emerging technology initiatives, is scheduled to be published before year end. Today's letter is included in its entirety below:
Dear Shareholders:
As we rapidly approach 2024, it is time to review our anticipated 2023 year end results and outline our plans for 2024.
Current Business Results
I am pleased to announce the company has already surpassed its $120 million annual revenue forecast, based on preliminary accounting.
We also recently announced a $145 million revenue forecast for FY-2024. The FY-2024 forecast does not include any contribution from anticipated acquisitions – one of which may close before year end (more below). We will revise our revenue forecast for 2024 upward in conjunction with completing anticipated acquisitions.
iQSTEL has not ever missed a forecast. We have frequently revised our forecasts upward. Our original forecast for FY-2023 was $105 million before we revised it upward to $120 million.
In addition to exceeding our revenue forecast, we have also achieved consolidated operational profitability one quarter earlier than anticipated. We plan to maintain consolidated positive operating income from here forward.
Am I reading this right? 2 million net loss Q2.
He is a thought but it will take a united front to make it work. Everyone that wants to buy put your bid at .0001 everyone else flood the message boards with posts not to buy this. We all know the company reads these message boards so once they see this happening they will have to dilutes 100's of trillions of shares to get any money they will stop the dilution let it run give the bag holders a chance to get out and then they can start over and acquire new bag holders. Just a thought but will help if we decide to stand united.
Nice ask. Who's taking it out?
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Gotta hit .14-.15 before it reverses.
Q due next Wednesday.
Working for me.
I think everyone here can read. That is the reason it is falling. Now I have always said this company has potential, Their problem is the way they are going about doing it. I understand the profit margin, it is a growing company not a big deal. The problem is the financing options they chose. Every time they have offered shares at a certain price the PPS always hits that price. When they stop doing that then maybe they can dilute without killing the price, Maybe a shelf offering rather than a public offering that way they can sell into the open market and still maintain a decent PPS. Here is the deal Their buy in price is 30% off the VWAP with the lowest price of .11 so .157 - 30% = .11 Now it has to be a 10 day average so I would feel safe anywhere between .145-.155 as an entry point. Bottom line as long as they act like a penny stock it is a flippers stock never marry a penny stock.
One major reason. The stock is not down to their buy in price yet. And in all reality that deal should be null and void since they never bought the first 2 million share that they were obligated to buy back in March. I am sure there will be an amendment to the option once the price falls just like they did with Apollo.
I read fine. Let's look at the 500k loss Q1 and the 50 million shares they are giving away at .11. Maybe you should reread the filings.
What!!!! This company has no income and their toxic debt if pathetic, they give their shares away.
Did BM right that crap. Mis-directed numbers and now Nasdaq is put back another year.
Just follow the trend. They sell dirt cheap then manipulate a run to sell off. They have almost 50 million shares for sale at a 30% discount off vwap for prior 10 days with a bottom buy in price of .11 which is .157-30% =.11 so for an average I have a bid in for .15. Told everyone here it would hit it just surprised it took so long. Guess when BM was spouting how they needed to buy high for more profit peeps tended to believe that. Just needs another nickel down and the fat lady will sing.
Guess there is more than a few thinking this will go down. 41.92% naked shorted.
https://otcshortreport.com/company/IQST
One board member must be a woman; the other must identify as an underrepresented minority or LGBTQ+ and can be a man. Companies that list on Nasdaq's Capital Market tier, which is focused on smaller firms, have until Dec. 31, 2026, to have two diverse directors.
https://consciousnessleaders.com/a-new-mandate-for-diversity-and-inclusion-set-by-nasdaq/
I was thinking, Why not just do a shelf offering then they could dilute at current market value rather than give shares away cheap with a public offering. Now I know the dilution would kill the price but they would be dollars ahead and could rebuild from there. Just my thoughts.
Actually the price is .157 less 30% for the lowest buy in price of .11
It was a shelf offering. Allowing them to sell 330 million dollars worth on the open market. That is what drug it down. Hopefully the dilution is over for now and they sold enough to hold them over.
This is not shorting. This is just plain dilution. Rinse and repeat drive it down R/S to comply with Nasdaq and repeat.
That's a good question. I thought QXTL was adding 20 million a year 1.65 per month.
Momentum
Momentum for IQST is strongly bearish. The 14-period Slow Stochastic Oscillator is falling, as investors sell shares and drive the price lower.
Volume
Today's volume is in-line with the norm for this point in the day, with 196,706 shares having traded so far. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.
He has me blocked over there but how would he know what they are doing? Is he spreading false info? Is his goal to boost price to get bagholders and bail? Is he sharing insider info? Be leary pf peeps like that. Let's just stick to the facts. No net profit and they have stated they need 40.5 million dollars which only says dilution.
One more month till the Q comes out.
Great news. Public offering has been sold. Now they should hype a run north to dump the 30 million shares. Should see at least a buck. Last one I was in went from .06 to 2.00.
We will see. That would only put them around 400k in the red for the year to date. Still no answer to where this other 40.5 million dollars is coming from. Kind of senseless to brag that 5.5 million is to pay off debt then turn right around and get into more debt. Unless they just do a massive share selling of around a 100 million shares, depending on what price they give them away at.
Maybe your not reading correctly. Out of that 1.3 million GROSS profit in Q1 they ended up over 600k in the red. So how far in the red do you think Q2 is going to be? Also it stated they need 40.5 million dollars to accomplish this, Where to you suppose that is going to come from? We all know there is no NET PROFIT.
Impressive! You should hook up with BM, he can twist the numbers and you can confuse them with the wording.
None of that is new. The only new part and he failed to mention it is the 30 million dollars they need to aquire another merger this year.
That would definitely lower the dilution rate. How do you suppose they do that since revenue doesn't matter and they have no profit, actually they are losing money.
Since they are not profitable to raise 30 million at the current share price they would have to double the share count in dilution and if they give them away at .11 they would have to triple it.