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Gapping this morning.
I agree with that. We have only heard about revenue for the last year. What about the electric car we were supposed to see a preview of by years end, What about IOT that had gone thru it's field testing over two years ago. What about the electric bikes that went to Spain. I think more than profit which is the only thing we have to discuss right now since they refuse to update their ventures is the updates themselves. I mean just a brief update even if it is fluff like most other pennies would at least bring chatter and maybe gain more investors.
I totally agree.
They forecast profit last year and failed.
Ouch. Welcome back to the teens. How low are they going to take it with this selloff?
On the bright side Apollo can now pick up their 25 million shares. Hopefully they hype a run to two bucks like they did with the public offering. Plus if they do and IQST starts using their head they can pay off those two loans and not dilute even more.
I know most do not believe charts help with pennies But for those that do this is going to reset it. Sad that it killed that golden cross though.
Who wrote that?
Just noticed they borrowed more than just the convertible note/
During the six months ended June 30, 2023, the Company borrowed from a third party totaling $165,000, which includes original issue discount and financing costs of $15,000.
During the six months ended June 30, 2023, the Company borrowed from a third party totaling $284,760, which includes original issue discount and financing costs of $34,760. The note is due on June 1, 2024 and a one-time interest charge of 12% shall be applied.
There really is only 3 things you have to look at.
Debt - which they have
Profit - which they don't have
Progress - We don't know since there are no updates.
I wouldn't count on that. Sure it will be converted to common shares. They already sold another 3 million to Apollo plus borrowed with a convertible note. If it wasn't for these two they would have zero cash on hand. The rate they are going they will not be able to make the monthly payment of 32k and they will default raising the O/S even more.
25.4 million more for Apollo. Let's hope they stop with the BS.
A summary of activity regarding warrants issued as follows:
Warrants Outstanding
Weighted Average Weighted Warrants Exercise Price Contractual life (in years)
Outstanding, December 31, 2022 23,112,575 $ 0.17 0.75
Granted — — —
Increase in number of warrants by VWAP 5,262,465 0.14 —
Exercised (2,941,177 ) 0.14 0.70
Forfeited/canceled — — —
Outstanding, June 30, 2023 25,433,863
Well I guess Apollo wasn't enough. Going right back to stinky pinky business.
NOTE 7 – CONVERTIBLE NOTE
During the six months ended June 30, 2023, the Company borrowed from a third party totaling $284,760, which includes original issue discount and financing costs of $34,760. The note is due on June 1, 2024 and a one-time interest charge of 12% shall be applied. Accrued, unpaid interest and outstanding principal shall be paid in 10 payments each in the amount of $31,893.10. The first payment shall be due on July 16, 2023. The note is convertible at the option of the holders at any time following an event of default, and the conversion price is 75% multiplied by the lowest trading price of Company’s common stock during the 10 trading days prior to the conversion date.
During the six months ended June 30, 2023, the Company recorded interest expense of $3,417 and recognized amortization of discount, included in interest expense, of $3,476.
Well another loss and the selloff starts. Pretty sad they can increase revenue but still can not make a profit.
Let's hope they didn't install the spring upside down.
Let's hope there is no PR before the Q. That is never a good sign.
Need to tap the ask. Hate to see it close at the low of the day.
I agree they are doing better but they are close enough with theirs losses to start turning it around and show a profit. If they want the SP to head north organically they need to increase margins which in turn will show profit. I know they started in a deep rut 3 years ago and have improved dramatically but investors want to see a ROI which is going to be the only way to entice new investors and get the price headed to where they need it to be. PS the money making ventures are already established so all or most of the new revenue from them should be going to the bottom line.
Q due in 1 week. They need to show a profit. They had a net loss Q1 of 317.5k so if they can at least show a profit of the same and break even for the year I feel we will continue north. If not or even worse show another loss I feel the price will head south. All the hype of all the increase in revenue will not mean anything if they do not start showing profit. The hype of the last 2 Q's doing better means nothing if they keep spending more. Their ventures are established so more revenue should mean more profit. Let's hope they got their crap together this Q.
What is the purpose of this??????? Nothing new that everybody doesn't already know. How about some updates on these ventures?
Guess you're not that close with him.
Nice volume between .32 and .33 I would call this a good day of consolidation.
Up 9900%
Got some t-trades MM couldn't keep up or what.
Nice bid
In all actuality the price is up 500% from where it was just over two years ago. That run to 2 bucks was all hype and manipulation from the selling of the public offering. There was no reason for it. I am surprised it took so long to come back down.
Concerning the 15 million shares.
A = VWAP (Market Value) % Discount B = New Exercise Price Adjusted Option Shares CashLess Shares CashLess Value
$ 0.200 32% $ 0.136 48,000,000 15,360,000 $ 3,072,000
$ 0.300 32% $ 0.204 32,000,000 10,240,000 $ 3,072,000
$ 0.400 32% $ 0.272 24,000,000 7,680,000 $ 3,072,000
$ 0.500 32% $ 0.340 19,200,000 6,144,000 $ 3,072,000
$ 0.600 32% $ 0.408 16,000,000 5,120,000 $ 3,072,000
$ 0.700 32% $ 0.476 13,714,286 4,388,571 $ 3,072,000
$ 0.800 32% $ 0.544 12,000,000 3,840,000 $ 3,072,000
$ 0.900 32% $ 0.612 10,666,667 3,413,333 $ 3,072,000
$ 1.000 32% $ 0.680 9,600,000 3,072,000 $ 3,072,000
$ 1.100 32% $ 0.748 8,727,273 2,792,727 $ 3,072,000
$ 1.200 32% $ 0.816 8,000,000 2,560,000 $ 3,072,000
$ 1.300 32% $ 0.884 7,384,615 2,363,077 $ 3,072,000
$ 1.400 32% $ 0.952 6,857,143 2,194,286 $ 3,072,000
$ 1.500 32% $ 1.020 6,400,000 2,048,000 $ 3,072,000
$ 1.600 16% $ 1.344 6,000,000 960,000 $ 1,536,000
$ 1.700 16% $ 1.428 5,647,059 903,529 $ 1,536,000
$ 1.800 16% $ 1.512 5,333,333 853,333 $ 1,536,000
$ 1.900 16% $ 1.596 5,052,632 808,421 $ 1,536,000
Ouch CDEL stacked the ask also.
Heck of a spread .2705-.2706
Correct me if I am wrong but I believe I read in one of the S1 that once they exercised the option at .20 less 32% all the rest would also be at that price. Meaning it could be trading at a buck and they still get it at .20 less 32% as long as they do it before 9/30.
Why would you say that? The myth that gaps cover should be in place when they gap down also not just when they gap up.
Gaps cover right?
This is going back to two bucks. It has been gapping down for the last two years. And all gaps cover right.
No problems today. It gapped down all gaps cover.
I don't think so. They are not going to tie up money for about a 20% gain. I think peeps saw the 2 million increase on the O/S and panic sold. On a good note it is resetting the chart with only 3 weeks till the Q.
Appears the MM's are doing what they can to hold it back but ask is still being hit. Use this as consolodation.
Just a recap.
Expert market is just a replacement for the old yield sign. They can still file and get back to pink.
32% off .20 which is .1326 Actually if you want a quick run they need to exercise. unfortunately with that it would come back down. Let's hope they let is grow some more then get their shares and run it up from there.