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Million shares traded in two hours and still going up. Looking good.
I think the option is still the same. They can still pick up the shares at 32% off of .20. I think the thing that has changed is the amount of shares. Looks like they already picked up over 2 million shares.
I see VERT has decided to honor us with their presence.
Ouch. New 52 week low.
Up 8 million in revenue. Should show profit in Q2.
NEW YORK, July 12, 2023 -- iQSTEL Inc. (OTCQX: IQST), today announced revenue for Q2-2023 exceeded expectations. Based on preliminary accounting, iQSTEL achieved $32.5 million in revenue in Q2 compared to $24.6 million in revenue for Q1, an increase of 32% quarter to quarter.
“We are on pace to exceed our $120 million annual revenue forecast,” said CEO Leandro Iglesias. “The company historically has higher revenue in the second half of the fiscal year than the first. iQSTEL launched in 2018 and achieved $13.78 million in revenue in that first year. We could exceed ten times that number this year. The company’s organic growth is exceeding management’s expectations, and we continue to develop substantial merger and acquisition opportunities. It is safe to say, 2023 will be iQSTEL’s best year yet since our launch in 2018. On behalf of all management, we believe this will be a transformational year for the company.”
About IQSTEL updated:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational public company preparing for a Nasdaq up-listing with an FY2023 $105 million revenue forecast. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Telecommunications Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
The Metaverse AI Division (information and content) includes an enriched and immersive white label proprietary Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 10 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict.
Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com
Company Website
iQSTEL - Publicly Listed Company: IQST
Nice taps on the ask to a new 52 week low. WTH is the problem? Note converted?
search IQSTEL Metaverse
On very low volume with the bad MM's all on the bid. Should see a run back up but it is Friday, Will have to see.
Curious as to why VERT has been on the ask. Company doing their own selling, They usually don't show up except to dilute.
Consolidating. Should head north this afternoon.
The application is now available on desktop browsers as well as the App Store for iPhone and iPad, and Google Play for Android devices. The application, under the name iQSTEL Metaverse
So let me know the first person brave enough to do it and how it works.
10Q not due until 8/15. 2nd quarter is not even done yet. Hang in there LOL.
Nice bid
Most MM's are parked at .10. Let's see if they back off and lower the bid. Got a lot on the ask with a retail MM.
3 Bad MM's all on the ask.
Late afternoon dump. What's up? News coming?
These 50k dumps into the bid are stacking the ask.
Gapping this morning.
Took them all out. Back into the 9's I guess. Good run.
Got 3 MM's on the bid. Don't feed them.
I see we have some new MM's playing.
Had nice support at .11 but someone just dumped right thru that. Now CDEL is loaded again and resistance is back at .11.
Notice the last couple of days a whole new set of MM's are controlling the trades.
Heck just be happy if they do not give back all of Friday's gain.
Gaps are myths. If it was true they cover there are all kinds of them on the way down from 2 bucks.
Ut Oh VERT is on the ask.
Looking great today. Let's hope this is the reversal.
Let's hope so because it is acting like a scam penny stock. So much potential if everything they say is true.
Something is not right. 120 mil in revenue and sitting at a 15 mil market cap less than 10%.
CDEL is done selling. Looking to get back in at .079.
Sad but I don't think we see the 9's again for a while. Looks like the 8's and 7's next.
Well if you want to look on the bright side. Apollo will not be exercising that option. Now they can do another public offering, hype a fake run to 2 bucks again and let the current bagholders out.
Maybe the 7's. Company sure screwed their shareholders.
Hasn't been this low since Oct. of 2020.
Another new low. Looking to hit the 8's.
There needs to be a reason. Blind support never works. They need to keep investors informed which they have a major lack of doing.
Well it created a new 104 week low today.
No matter how many times that ask gets hit it never comes down in size just lowers the price. Who has that many shares that they are dumping?
I agree. We are back to square one where it was two years ago. It should turn around anytime now. But the company is not doing anything to protect their shareholders therefore that makes this a flipping stock not an investment. Big boards are for investing pennies are for flipping. You have heard the saying "Never marry a penny stock" Now when and if the company decides to protect their shareholders and come thru with some news other than revenue with no profit then it might change but for now they are acting like a penny and should be treated like a penny.