Not a financial Adviser. Everything is my opinion only
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is set up beautifully my friend
our preliminary revenue forecast for our Telecom Business alone, is $80 million.
IIPR - Revenue for Q3 $53M / MCAP of $6B with a share price of 250 per share
MRMD Revenue for Q3 $33M / MCAP of $231M with a price of .60 per share
Looks to me that one of these is extremely under valued and the other is over valued.
Also looks like Insiders at IIPR are dumping Series A shares
Also it looks that IIPR is in heavy acquisition mode. Trying to acquire MRMD? By any mean necessary? As they are in many of the same markets. Wouldn't be the first time a bigger overvalued company tried to takeover the up and coming, competitor that has award winning better products.
Smoke on that
"Aggressively seeking a merger"
Caren Currier shell.
Pink current
Sure I'll take a flyer
Stock looks dumpiest before the pumpiest
-Abraham Lincoln
LOL. Who's the Richard that puts a wall bigger then all of todays volume.
Is this why they call it Wall Street
Wrong again. Im holding and adding. The chances of getting a substantial amount of shares at .44 is very slim. Lots of smart traders have buy orders around their because of the accuracy of a gap fill play.
Another reason im holding longterm is now that a year has passed my gains will be taxed at 15% not 40%.
If I felt management wasn't doing their job and the company was struggling I would have sold.
But that is not so. IQST is firing on all cylinders. This SP is purely phycological at this point.
Sure thing fella,
When a stock price gap is observed, by a chance of 91.4% it will get filled in the future. In layman's word, 9 in 10 gaps get filled; not always, but pretty close.
Gap fills are one of the most successful technical and statistically correct plays in the market.
But ya its a myth.
Thanks for your opinion
Stock looks dumpiest before the pumpiest
-Abraham Lincoln
IQST is an infant that just went through a case of the terrible 2's.
Watch her grow into a supermodel with a Harvard degree
Patience will be rewarded here. Flip other tickers IMO
This is excellent news and needs to be discussed and celebrated daily until the market realizes how undervalued a company with an initial $75.5M forecast just for their Telecom division has a present MCAP of $70M
The selling is calculated to make it seem like a sell off to induce panic. Just look at the actual amount of buys will tell you all you need to know.
Im in at these levels.
AMC dipping their toe in the NFT market to gauge functionality and future uses....wink wink
Tik Tok
Anybody buying BENEW warrants !?!
Look pretty nice under $2
That gap gets filled today gentlemen. Pre market signal is the direction it usually goes.
Short low volume week it is what it is. Games will be played
Get your orders ready. Load up. Last call.
It bounces from their and into December it runs.
Probably has something to do with "covid" claim.
I think some rewording was implemented and business as usual
52 week low looks like a good trade from these levels.
Lot of scared money in the markets right now
These market makers are at an inflection point.
Constantly borrowing shares (or creating them if needed) to short the stock down hoping for sellers so they can cover those borrowed shares. Or as they describe to the SEC "creating liquidity"
Problem is nobody is selling. Everybody knows how undervalued the Share Price is.
The MM's are at a stalemate with longs that aren't giving up their shares and with management continuously following through on their promises and staying the course, the solid share structure, tip towing the EBITA line, beautifully done acquisition, and the peer multiples in all the divisions IQST is in.
Even though MM's did their absolute best to keep this from running they are going to have NO option but to let this go eventually.
Im thankful for the money management raised last time this went to $2 and impressed by the way they allocated cash.
Turns out that is what made all the difference here rather then allowing these toxic lenders that work hand in hand with the MM destroy yet another company.
Truly a great stock
Tik Tok
Coming around
I think the offering being done in a way that is non beneficial to the shorts covering is bullish.
PROG can drop some shares whenever, and in any amount. The end goal is $90M
Lets Go
Basically a line of credit. They dont have to raise the $90M all at once or at its entirety. They could issue 9M shares at $10 if they drop a partner name.
This is bullish
Edited:
Well their ya go Deano beat me to it
I think you forget what happened to Overstock when they issued the digital dividend. Their stock ran from a low of 3.23 to 128 and now sits comfortably at 108.
With AMC eying the same concept of 1 digital NFT for 1 share in issue (legal share that is) this gives you a precedent of what is about to happen.
Enjoy the holidays
Game changer. IQST was already undervalued with the present MCAP prior to the MOU.
Now add in 75M forecasted 2022 revenue just in the Telecom division without the consideration of the other revenue from IoT Smart Tank / EVOSS.....etc
These market makers are moving shares around like they are trying to diffuse an atomic bomb.
Tip towing the legality line in the name of "liquidity"
Stock of the year in 2022 starting December
Lol, all the technicals beg to differ
Oh no they dropped it on 2.5M shares Oh no.
Stick around and watch what happens
How many warrants left....anybody with this knowledge or spoke to Leon?
There is a complete disconnect in share price of companies and financials throughout all US markets.
Algorithmic trading computers with no regards of fundamentals have taken over. Throw in the ability of MM's to create synthetic shares when needed you have this type of senseless trading.
Not just MRMD....market wide
Gary Gensler and the SEC have been making more rule changes this year then the last 80yrs combined so hopefully things will clean up eventually.
Till then....I hold.
I believe these 8 times leveraged hedge funds will need to open the barn doors and let the bulls run in December
Anybody that has one reason why the financials warranted a drop from .97 to .79 feel free to speak up.
I'll wait
They still own 49%
This is a great acquisition. For $1M in restricted stock. Period
The target acquisition, Smartbiz Telecom LLC, has an estimated $15 million in annual revenue, with positive Net Income. Subject to completing this acquisition, iQSTEL is setting an initial forecast of $75.5 million annual revenue in Telecom Business Line for FY 2022. This initial Telecom forecast does not include an estimate of the additional sales anticipated from cross selling iQSTEL's existing services into the Smartbiz Telecom, LLC customer base.
The terms of the MOU outline iQSTEL acquiring a 51% controlling interest in Smartbiz Telecom LLC for a sales price of $1 million paid in iQSTEL restricted stock over a period of six months.
Professionally done.
$1M for a $15M yearly revenue profitable company
The terms of the MOU outline iQSTEL acquiring a 51% controlling interest in Smartbiz Telecom LLC for a sales price of $1 million paid in iQSTEL restricted stock over a period of six months
Subject to completing this acquisition, iQSTEL is setting an initial forecast of $75.5 million annual revenue in Telecom Business Line for FY 2022.
Game over shorts
We just witnessed a smash and grab type of robbery for any weak hands.
Most of that systematic sell off was shorting.
Looking for a slight cover/rebound at the end of day but they are not done yet.
This observation below is still is in play:
Have a look at 99% of charts on the OTC. Almost identical. News, no debt, increasing revenues, undervalued...... doesn't matter. They are mostly a carbon copy of each other.
MM's have beaten down nearly every OTC stock outside of a few that got away from them for a couple days. Blatent, in your face, mafia style. Not even trying to be descrete about it. This is by design.
Hoping investors are carrying a heavy loss and frustrate you into selling for a tax harvest.
Come the end of the year the MM's are ready to close their short positions, unload the buy orders they have been hiding in the dark pools & tighten up their books. If you have withstood the obvious manipulation or even better Added shares...you will be rewarded.
Have a look at the OTC from mid Dec thru Feb last year.
My opinion of course. Backed by math, past experience and my own two eyes
IQST
Dont let these criminals cover 85K shares at .84
Also if this was convertibles these large bids would get dumped into.
All the proof I needed to see this is low volume manipulation
MRMD up 450% since last November on a "prove it" year
In my opinion (with financials to back it up) they did more then prove it. I see another 450% from these levels
Revs $33.2 milChart with upwards trend147% from Q3 2020
Gross profit $18.2 mil 109% from Q3 2020
Adjusted EBITDA* $12.9 milChart with upwards trend 213% from Q3 2020.
Net income of $2.1 million
2021 financial guidance $118 mil revs $42 mil in
6M shares is nothing and with plenty of cash on hand it won't be an issue going forward
Cash and cash equivalents at end of period $ 25,580,508
I think its great the company under promises and overdelivers. However when I read the financials and extrapolate the revenues it appears they would blow the $118M figure away.
Also Gross profit and EBITA are two different things
Long MRMD
Short volume and interest is surprisingly still very high here.
I believe they will attempt to cover before heavy volume sends this to a proper multiple
On track for $125M + for the year with $70M+ gross profit
Is that good?
LOL
Jesus what an absolute beast
Price was .71 at lunchtime with roughly 7M shares traded for the day
8.7M traded total by end of day. Out of those 1.7m post noon, Im assuming a majority of those were shorted with some retail flippers and all where bought up.
VWAP .6507 end of day
Reread the Quarterly and shareholder letter and let me know if you find ANY bad news that would warrant panic.
Focus and discipline are needed to trade in this market.
And a grasp on what's real and perceived
IQST
Sell off? Nah. Thats what they want to give the appearance of. VWAP .66
About 5% of the total volume traded today brought this red during lunchtime. HFT and MM's trying to hit stops while people are out grabbing a burger just to come back to no shares
IQST has reached an inflection point
Considering the business divisions, share structure, debt ratio and future outlook of IQST I dont care what share price is predicted..... its undervalued
I said this would start running in December but it happened sooner. I apologize
Seems like the MM's could not keep the beach ball underwater any longer