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Thanks, I appreciate, and gain insights from your posts as well.
I am thinking some similar thoughts and agree with you. I doubt we can muster a Gamestop event, or if we would even want to other than maybe if it got people looking at the company.
I wonder if a retail investor effort may be successful for the first hour or day, but once that loses steam it goes back to normal? I get that a big short squeeze sounds good if we have the power to do it and to sustain. But regardless, maybe we bottomed, and setting up for the next run anyway.
Maybe one very important point here is though, is that this shorting can ruin a company that needs capital and is unable to raise what they need without selling millions of shares for little money, or giving away toxic warrants and convertibles. The good news is, IMO, the shorts may have delayed the up list some, but they won't destroy us. We may very well be profitable now and thus iQSTEL has the ability to ride out a short run. Sure they want to access the market for capital but they can delay it. And really the share price has held up well enough anyway that the stock is actually worth something. And they don't "need" or have to have money.
Last summer we were much more vulnerable. Now all debts are paid and cash is growing from operations. All apparent indications are we will come out the other side of this attack strong and ready to run, and ready to up list. If this company had not strengthened over the last several months it could have been a different story. They are exuding confidence through all this for a reason.
:) We are just getting started. Can you imagine 2020. Know you can.
$20 please
Yeah it’s funny. I just intercepted an email, something about we got all we can and now we are screwed, we gonna have to pay for the shares like everyone else. It’s Everyman for himself now.
Well I imagined it anyway.
Or castle.
The subtle message, not too subtle message, is that with growing cash reserves they are making money. The high margin generators haven’t even got started.
If so, I am prepared for it and in no way selling. IMO, there is no known credible factor why this company won’t succeed and prosper and I think that provides a floor. At what exact level I don’t know. Maybe we already bottomed. But I think there is or will be some price where it will just look like too good a deal to too many people.
Excellent
We haven't seen this since December, but looks like a chance at another double bottom, if we did or do bottom soon. We know what happened after the December 2020 double bottom - around a 2800% gain from Dec 9 $.071 to Feb 22 $2.00. They can be powerful if confirmed.
It's important that the second bottom is lower than the first to shakeout the weak hands. They see it drop, recover, and drop again even lower to create capitulation.
Current:
December 2020:
I haven't heard that date. But sounds good if so.
I keep thinking I reached my goal and keep raising the goal post. What's fun is figuring up what percent of the company you own. :)
What they can't do is take your shares, unless you let them. Now if you are heavy margined or playing with rent money and running out of time they may get you.
Right. How many people didn’t buy before because they thought they missed out? Same company, some potential, probably even more so.
Exactly. People were falling all over their selves to buy at $1.50 at one time. Eventually it just gets looking too good. IMO the final shakeout has begun or possibly even bottom in. But if it’s not, there will be some price where it is I think. Maybe it is $.60 for you, and maybe we see it, or maybe too many others will step in and buy before it would ever happen. Getting closer to just 1x revenue as it is.
I would define a bottom as the place where the price looks so good that long term holders, flippers, institutions, etc all think they are getting a huge bargain and start piling in. Then the cycle goes again.
Dipped below the low of early March. Maybe that will be enough soul crushing. We will see.
Debt free happened after last year. The best I hope for from the 10-K would be a bit better margin. But trying to set a bar that the 10-K has to be spectacular is setting up for disappointment I think. And maybe it is better, but I’m happy if it shows modest improvement and keeping my eye on the coming 10-Q’s, all year.
Probably we have to see that soul crushing moment when the stock goes lower than most anyone thought it would. If you have a good investment, those moments don't last long but leave a few investors devastated.
Then, the stock is free to fly again.
You walk outside and the sun is shining. It's sunny every day! You go buy a boat. You made a great investment. You walk back in and look out the window and clearly see the sun is shining. But then the clouds come in and you can't see the sun. Next day cloudy, and the next. You remember the sun, and you know it will be out again, but every day the clouds are there.
Eventually you begin to wonder if the sun will ever shine again. You know it will. But it don't, and then it don't again. Maybe it won't come back out? Maybe it was never there to start with? The weatherman says he hasn't seen anything like this. Ok, you accept it, the sun isn't coming back. You sell your boat, give away all your warm weather clothes. Be happy and confident, you know you are making the right choice, right? We are always right, we knew this was going to happen all along.
26 offices worldwide and 49 employees - they're growing.
Appreciate the increased transparency and ways to contact. I am not seeing the Meet Us section yet, am I overlooking it?
For me, I am not looking for the 10-K to be stellar. I have a little more hopes for the 10-Q, but as the year goes on, that's where I am really hopeful. And 2022 could be pretty nice, IMO, if a lot of these new streams occur and gain traction.
A lot may just depend on how long your focus is. I understand wanting some gratification now. If we get any institutional interest, I assume they will be looking at a 3 - 5 year timeframe, just my guess.
I have no information, but if it’s something like that, maybe they decided they could get a better deal for that number of shares, which sounds reasonable to me.
Been wondering too. They had set aside around 21m I thought, maybe the 23? On the 8m IDK. Maybe something will come out on it. Right direction.
You are right, I noticed that too.
Good morning. It’s funny, all the excitement we saw as the stock was rising, people couldn’t wait to get in. Now when maybe they should really be excited, IMO, they are not, maybe including me. Just human nature.
I, we, may be wrong but it all looks pretty clear to me. A lot of the story will unfold over the next couple months or so. Today they want to be in Fintech, next month they plan to be selling MPNA, and hope to get a deal in Smart Tank. Right now it’s potential, and we don’t know but I am imagining a world where these things are creating revenue. Oh, and EV, and who knows what else? Smart tank could be marketed all over, so can EV, so can MPNA, so can Fintech eventually.
And net income? Point is the market can do this maybe because these are hopes and plans. Next few months will be interesting, hopefully fun.
Don’t know how the day turns out, but got a few more at $.98 and happy with that.
For the smart tank device, I think its great that they have, and were able to, design the device around the potential clients needs. It sounds to me, IMO, that if this test goes well it may open that door wide. We need to hope for a great test, but being that the device is now designed especially for the client I want to think that may increase the chances for a successful test, or at least help convince them that this is what they want - since it is apparently just what they asked for.
So much to look for over the next month to two months. A contract with a Fortune 500 company sure would make a nice addition. I am thinking too, no matter how this goes, they have gathered valuable input from this company and know just what services are desired, and have the product. This potentially is all a good background to market this product to so many more customers, other Fortune 500 companies, and really anywhere.
This is an interesting idea you have there - that an investment banker may already be loading it up to some degree. The company says they have not engaged with one yet, and that it expects to in April. But maybe if a relationship was imminent then this would be the time they would start loading, or their clients loading, however that works?
Then gets you thinking maybe any investment bankers they talked to, accepted or not, if maybe they saw something in the company and are interested whether engaged or not?
Now if there was major loading, you would think the price would show it, but the more people that get shook loose the more shares attained at lower prices. Interesting theory, especially if you believe that once the investment banker is set and the push to $2+ might happen in earnest then. Basically, if so, now being the last chance to scare out some loose hands, as to assume once the listing process looks imminent the chance to scare people down to a price anywhere close to this could seem unlikely.
Talking about feeding here, maybe some of this is food for thought. Interesting.
Thanks - us castle owners and soon to be castle owners all have the same goals in mind here.
Well said.
JMO, but what keeps me happy and sleeping well is the obvious and concerted effort the company is making to get listed.
I watched them dilute, I saw bad loans get settled for insane numbers of shares, and somehow I managed to stay in and keep buying, because I believed that a day like today could happen.
If you ask me, I believe they started the big push to get out of the hole last last year, maybe as early as October, but in earnest by December. Every move thereafter has been well thought out and focused on listing. IMO, they have done just about everything right a company could do to get there, the price just has to catch up.
But why I sleep well is my holding has appreciated very well, and I'm just not too worried about it dropping too much, or if it does, not for long. The reason is they are hell bent on getting listed and I believe they have and will continue to do so until they get there, barring any totally unforeseen events. And, it just happens that getting listed means a $2 share price. That's just what it is. It is a known target amount that "must" be met.
To me that says you can buy this stock anywhere under $2 and expect the company to keep fighting hard to protect your investment. Delay unnecessary dilution, keep debt down, etc. They are determined to do it. A person can reasonably expect to see $2 and really a little more for cushion, if this company has any ability to make it happen, and they don't appear to be short in that department at all to me.
The question then becomes, if it is trading at $4, then does it next go up to $5 or back down to $3? We won't know. We will have to keep watching and try to figure it out and see how it goes. That's a problem for later. Right now, we know that $2+ is the place to get to.
And if we get to $2 and stay there, maybe you get some good returns from that, or some great ones, but hopefully that becomes the base from which the future is built on.
The market is, and has been in one of its typical realigning paths, mostly no reflection on iQSTEL I think. Eventually all the hard work and effort should be rewarded IMO. And if you want to keep buying above $2, just keep an eye on revenue, margin, and net income progress. There is no set limit this company can reach. For me, I see this becoming the bellwether company for other small telecoms. I believe iQSTEL is blazing a new path that other small telecoms will wish they had done, or will try to emulate, but we are likely well on our way by then.
Also, I think it does well to remember that our CEO once worked for a company owned or controlled by Verizon and has friendships and business contacts all over, which I believe has been a huge part of the company's success thus far, and likely for to come. For me, all reasons to stay calm under a dollar, over, a dollar, or wherever this takes us, but we know the plan.
I think mostly we are just caught up in an unfavorable market climate. You know though, I would rather have a stock with a float made up of Bill 2,000 shares, John 20,000 shares, Pam 6,000 shares and on and on, than a few big players who just whip us back and forth at their will.
So if we claw our way up to $2 like this I got to think its going to be a pretty solid foundation that its built on. I can't call it any more than anyone else. I could make a (chart) argument that we could be close to a breakout or breakdown soon.
I think if its a breakdown, maybe, and that's maybe, we bottom .70's to .80's. Kind of hard to imagine because there are so many of us ready to jump in and buy more though. I wanted some .80's last time we were close, and didn't get there. If it does it again, I'll be ready again. Not that now is bad either, but I have several trades in this area, it just depends on how or if this moves soon.
Seeing $2 was the spoiler. If you had told me we would be at $1.00 right now, early last December, I would have been grinning - and I am. Its so funny how the buzz was growing as the stock kept climbing. If the price rises again, I'm guessing some amount of panic buying may occur. But as so many of you have proven, castle minded people are on it while the opportunities present.
I like seeing a solid foundation, we really need that $2. Maybe the market will come back, maybe iQSTEL overperforms, or if nothing else, maybe the investment banker will get us over the top. Have you ever seen a company that appears to be on such a clear path? If you weren't here last summer, I promise you this was not so easy to see back then.
Do your own DD, I am not a financial advisor or qualified to call a direction. For me, I feel good about it. I can't say what happens next, but IMO, if we end up dipping slightly below the most recent low I doubt it will last very long, and maybe provides the springboard needed to move on. I hope I can grab up some more there if it happens.
I have stated before the last time we dipped below a previous low, way back under .10, I doubled my (sizable) position and it was the single most smartest trade I ever made. No advise, consider your risk and what you can live with, and don't make any decisions based on my random thoughts. I think a lot of us have done our DD and arriving at very similar conclusions.
Life changing is the point I guess.
I may be wrong, but I think Crawfors first started it. It may be different for different people but it started with several people holding a lot of shares at low prices with the expectation that with the potential for the company, those folks will make enough in this stock to buy a castle or you get the idea anyway.
I count my self in, and it fits a lot of people, maybe even if you didn’t get the lowest price.
#TEAMCASTLE. $IQST
#TEAMCASTLE
I have talked about margins for months. So glad the company is putting a lot of focus on that now in it's information.
When you make a lot of revenue like iQSTEL, every percent of margin squeezed creates significant net income potential.