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I'm guessing that is some sort of "just in case" clause rather than a foregone conclusion, but who knows.
Since NYSE American was one of those listed, it has a $3 share price requirement.
Well there is the break, just not the direction we wanted. It was a short term pattern, hopefully just a short term trend then.
Maybe was (or will be) a good test on who will hold fast to their shares or not. For me, the dilution is the only big negative. Revenues climbing, net losses lessening, overall liabilities improving, and shareholder deficit getting better. If there is a path to cleaning up the balance sheet for them they seem to be on it, and making it happen. They just have to see it all the way through.
One of those deals where you either stand by what you believe when most others don't see it, or you don't. In any event, with the market tanking the last couple of days, and especially tech - which I guess is where we are - I don't feel so much like this share price right now is a direct reflection on any recent change in this company's performance.
Yeah I don’t understand all that so much. Just saying wish they could pay off the owed amounts out of net income instead of converting/diluting whatever.
May be a shakeout. Obviously not just here. Two days of it starts to cut. If they want to shake out loose hands looks like it’s working. Maybe we can do well on a comeback I hope.
Those convertible notes look relatively small but takes a lot of shares at these prices to pay off. That’s where we need net income to cover instead I think. 1m in net income could clear out a lot of small notes like these if that’s how used.
Sounds like a positive for us if that’s been happening to this company. Should serve as a warning for any others who may be doing this as well.
Some random thoughts -
The yearly chart makes the current price look irrelevant. Potential investors see see a big drop, an attempt at a rally and then mostly a flat-line. In a few months it will look a stock that trades around 10 cents or so with one major, short lived run-up. (or better would be a stock that used to trade around 10 cents and is on its second major run-up, we hope)
Somewhere, 10-K I think, says at least three of the upper execs have incentives tied to achieving net income. Obviously they own stock so want to see the share price go up, but tying incentives to net income should be a driver to get higher share prices.
iQSTEL - has a fine sound to it, IQST is a little harder to say. Consider a change of some sort? Words like Apple, Netflix, Roku, etc are easy to pronounce and remember. I venture to say some investors are impressed by a cool company name and easy to remember symbol.
I assume the 20+ million share cancelling got lost in the shuffle? If not, get it done ASAP and announce it then, not before. Credibility and trust is vital.
Those near daily press releases are not all bad, that's how I found iQSTEL. They piggyback their news onto symbols of bigger companies. It's pretty effective really. But they do feel a bit deceptive as the title is about other companies, and then its like - and iQSTEL will benefit from this too, followed by a rehash of previous announced news. Like I say maybe not so bad, and apparently effective. But somehow they are a hard read, jump back and forth on topics as if trying to trick you into learning about the company, And they repeat throughout, perhaps changing the story slightly. For me its a hard read. I like the idea to get the word out, just needs a more polished execution, IMO.
And also on credibility and trust, what does some of those tweets accomplish? Huge acquisition? Maybe a little bump the next day, but when nothing comes out that just fades. If it actually gets announced, well you have to study it a little but then its real. Maybe just don't tease good news, or if you do, the news needs to be out like within a trading day or two. "Soon" can mean anything you want it to.
That's all here and there. The main thing right now, IMO, is turn that fantastic revenue growth into net income, get the share count under control, and keep it growing. I think some companies are so focused on the future they may miss an important detail. You could fool people with promising developments only so far. Maybe not intentional, maybe we would be excited as they are if we knew what they knew. But until or unless that becomes evident, the company needs to deliver and convince shareholders that this is company that will be very profitable. Even a billion dollars in revenue can lose its luster if you have a billion plus in expenses. The thing is, iQstel net losses used to be larger, and they truly have been improving, including towards shareholder equity, but net income needs to become the norm. This company is a lot larger than it was last year.
I know very little. It's all in the their hands. But I really think the better they do in creating positive income, increasing shareholder equity, and shareholder confidence the better chance this company has in succeeding. Value begets more value.
Who knows really, but I'll give it a guess. Take a look at just the last year. Early on they seemed so confident that they were ready for Nasdaq when looking at it now they were so far away.
Why? I think then, even now, they see their company as that 1B+ revenue big carrier company that they aspire to be. If you read through the 10-K that is the plan. All their PR's boast of big things to come, which normally would be a red flag, but they have the revenues to back it up.
I like it, especially since so far they seem to be just the people to pull it off. That confidence is great, but they needed the market to agree and to lift that price way up past what the fundamentals support. It happens all the time, maybe in February it looked like it could as they must have also thought with the $4 requested offering.
What happened? (maybe) The market did not come through for them. It may be that they even know that their path is so great that the market made a mistake, and for all we know maybe the market did. They are proving it in revenues.
Unfortunately, and really unfortunately, since the market didn't come through all the deals they made didn't have the share price to back it up, and they have had to give away lots of shares at basement prices just to keep it going.
That could be an end of a story, but I don't think so here. They cleared out over 2m and debt and the remaining debt doesn't look so bad really with these revenues. So things could have gone better, but I think they may just have a path on out of the (hopefully) temporary crunch. They seem to be masterful so far in acquisitions. QGlobal is an amazing revenue machine, and was such a good fit for the previous business.
I really think they want to be a much bigger company. I suspect that Mr. Iglesias and others have some excellent business contacts and that's how they get these great opportunities. Main thing now is for them to keep any and all costs down, and get consistent net income to win over the market. If they can do that the share price should rise and all the problems they had this year will reverse - $4 a share and on Nasdaq would really help raise capital for their projects, eliminate debt, and far less dilution for us.
Anyway, that's my guess on how it all went the way it did.
Cont. - So I am going to present a possible valuation for iQSTEL. The only thing I guarantee is that it is wrong and should not be used as a basis to invest or divest. If all the numbers matched it would be a miracle, but this is just something based on numbers that I will explain. Please take it for what it is, a misguided guesstimate by an amateur.
As I said earlier, I don't know if the market knows what to do with iQSTEL. Some good news sent it flying last February, then right back down. It's pretty confusing with the pace of growth and expenses. I am going to break it down best I can item by item and explain my guesses. While I would love to see this stock at $3 or 5$ or more someday, this analysis just looks at profitably and result on stock price. In other words, sudden excitement for the company’s future could make about anything possible.
What is iQSTEL worth today? I'll cut right to the chase and say there is a case for about 25 cents a share, just based on the numbers we may have today, and not allowing for too much over exuberance. Keep in mind this has nothing to do with what the 2020 10-K will say. The market looks forward so I present an annualized view of what we see today, including what we may know about the immediate future.
Revenue - 77 million (company has been doing about 4.3 a month last 3 months. 12 x 4.3 = 51.6. QGlobal China and Telefonica said to double current QGlobal. This is tricky because they break out Austin and Miami. Do they mean double Austin, Miami, or both? They seem excited say lets say Austin, but not Miami. Austin did about 6.4m last 3 months so 2.1m a month. Add 2.1m a month to 4.3m = 6.4 M. 6.4 x 12 mnths = about 77m in imagined annualized revenue. Yes, it may be an overestimate, especially since we don't actually see the new QGlobal numbers. Also, it could be too conservative, if there is sales growth, and if any other subsidiaries add significantly more.
Cost of revenue (COR) - Really tricky, was over 95% first quarter, more like 93% last quarter. Etlelix last quarter like 91%. The industry average, for a more mature company 88-90%. I'll say maybe they could achieve 92.5% for now, and if you consider perhaps operations becoming more efficient with time. So it could be worse, and has been, but maybe room to do even better too.
Fixed costs, general and admin, interest, etc. - again very tricky, but looks like they might get by with 3.5m or so looking at the last 10Q + 1.7m or so for interest and derivative type expenses. Small swings make a big difference, but I'll use 5.2m
Taxes – no allowance for now, assume they have some amount of loss carry over, unconfirmed.
30 P/E - why not, doesn't the revenue growth rate warrant it?
Revenue 77m x .075 COR = 5.8 - 5.2 fixed - .6m net income
(.6m / 72.6m shares) x 30 p/e = 25 cents imagined value for share price
So looking ahead, and with some good luck, and a good p/e this case says iQSTEL is worth more than three times the current share price. This market cap would still only be around 18m, which is still way below revenue, but it’s a start. If the market is confused on how to value iQSTEL then they can use this analysis for now and go from there.
Check my numbers, provide yours, and tell me why and where I am wrong. its just somewhat wild guessing, but a little bit of reasoning too.
While these numbers are wrong, there is room for far worse and perhaps far better as things change. We have to hope the company can do better on fixed costs and cost of revenue, and hope the revenue is at least this much, but hopefully more. The market will decide the p/e depending on how they feel about it all. If any of these coming offerings really get popular who knows - number portability, blockchain payment offerings, iOT devices.
And note that their iOT device uses SMS messaging. Kind of smart, sell products that use the primary service they offer. Imagine if 5G and iOT uses messaging systems like this. Instead of just getting users creating several text messages all day, maybe they have iOT devices all over the place constantly sending text messages all day and night too, each time adding a tiny bit more in revenue for companies like iQSTEL. Not just iQSTEL’s iOT devices too, just any iOT device that uses iQSTEL’s SMS.
$3, $5, or more a share? Add some more revenue, better costs reductions, share reductions, debt repayment, higher p/e etc.
Trying to put a value on a company is tough, especially for an amateur like me. As they say, a company is only worth what the market is willing to pay. Right now the market says iQSTEL is worth about 7.5 cents. Given the last known share count of 72.6m then the market cap is about 5.4m. So that's it - that is what iQSTEL is worth today.
The market is never wrong simply because it is a market. If you buy a $10,000,000 Picasso at flea market for $50 bucks then the price is not wrong, it just doesn't reflect the hidden value, that being that the buyer or seller neither one may know that it is a Picasso, and each sold or bought at the price they agreed to.
So the question being then, does iQSTEL have any hidden value? The market knows about its business and spectacular revenue growth and still says 7.5 cents is the deal. Like I say, putting a value on a company is tough. Actually, it is impossible. Insiders have a better shot at it, but even they don't always know what may happen next.
iQSTEL is growing and adding subsidiaries left and right and restructuring debt. Revenues are eye popping, but related expenses climb too. For there to be so much revenue so quick there just isn't enough quarterly history to determine how well the company is able to translate revenue into profits. Trying to get a real feel for the numbers is confusing to me, and IMO, maybe that is exactly where the market is too, and maybe 7.5 cents is where buyers feel most comfortable in buying with a chance of making a profit. That's what makes a market.
All that said we can dream up scenarios all day long. Some could make 7.5 cents look like a bargain and others could make it look like a gross over payment and most anything within in reason could be right. Just a fudge on a number here and there can make a huge difference in one direction or the other, so guesstimates are just a folly. But, as we know, the stock market is actually a bit more complicated than that. Two seemingly identical stocks could trade totally different. There is that element of speculation. If you were in Amazon, or Tesla, etc you know all about it. Comacast is huge but doesn't generate the excitement that Netflix does. What is the next big thing and what companies appear to be on the best track to grow?
You got it or you don't. For some of us, iQSTEL is on a nice growth path, but the overall market doesn't know or doesn't care, at least not yet. The company has done it's best to promote, perhaps too much, but nothing will impress more than results I think. In some ways they are delivering. In other ways they may still have some to prove. What kills you is those companies that never have made a profit year after year, but are darlings of the market.
Cont. next post –
A follow-up to last week's tweet would be great about now.
yw, and thanks
Good question. I don’t know. Looks like it may have changed hands more than once. I saw something about KPN and $3 a share but I don’t know. It was a while back and wasn’t in there then.
Of course two different companies will have different situations and number of shares. Also, what was the market doing at the time and the sector too? Looks like this was around 2009, Great Recession.
Yeah, it could happen. IBASIS is a big carrier like iQSTEL hopes to be. IBASIS went from iQSTELs size revenues to over a billion in revenues in about 8 years. Would be nice to see something similar here.
Just for fun -
Symmetrical Triangle - probably most likely we keep trading sideways. The closer you get to the end point, the more likely no break occurs at all.
But, a breakout about now, if true, could see a price around .11 A breakdown could see a price of .05.
Also, way too soon to tell, but maybe a cup pattern? Needs to go up a little and soon for any chance of that.
Charting can be fun, but its hard to predict anything. It always seems 100% clear after its all played out.
They need to get past their break-even point. Looks like it could be coming into sight. But they do need to keep general and admin costs (fixed costs) down. Also a typical gross margin for companies in the area they aspire to be in -Big Carriers - is about 10% to 12%. iQSTEL, has had some quarters closer than others to that, but if they can reach that range, and consistently so, that should also really add to the bottom line.
Maybe this adds some perspective for us - Note these are not predictions or even expectations, just what-if's. Actual performance may vary widely.
As a shareholder, if you owned this company at the end of 2019 you may have been happy to own, for each 10,000 shares held, about .000628 of the entire share value of the company. Now you may be set back in coming to realize that for the same 10,000 shares as of July 31 you only own .000146 or about a fourth or of what it was.
What did you own in 2019? IQSTEL - Etelix, and Swisslink. A company with 18.03m in revenues and 11.4m in debt. With a stated 30% expectation of growth, lets just say this company could have generated 23.4 by end of 2020.
By July 31 you owned IQSTEL's share of - Etelix, Swisslink, QGlobal, iOTLabs, iOT Smart Gas, itsBchain, and SMS Directos. A company stated to be on track for over 40m in annual revenue. If this company had QGlobal all year, then iQSTEL has been performing at about 4.3 million a month, or annualized at 51.6m, Now they say they expect QGlobal to double customers. So what was said to be a 30m a year business might do 60m? Then 60m+23.4m for Etelix and Swisslink = a theoretical 83m annualized business. Not so far from 4 times more than the share value you had with the (23.4m) Dec 31 company!
But, even more, this company has 2.4m less debt and QGlobal could possible beat 60m. No, not this year, just if it was annualized, and no guarantee there either. But you get the idea - it's the value added from the acquisition that you "paid" for this year. Then there is itsBchain, iOTLabs, iOTSmart Gas, and SMS Directos which all have some potential to materially add to revenues, perhaps even greatly so. That's what you "bought" this year for a percent of loss in your ownership of the 2019 company you owned.
Was it a good deal? No one wants to lose ownership, but would you rather own 20% of your local Walmart or 2% of the entire company? (Do the math)
So some note holders made out pretty well, and maybe have kept the market flooded as they exited. Maybe there is still some to go, but when it gets worked through and the smoke clears we may be be looking at a company that jumps from less than 10m in revenue in 2017 to 100m or more in just a few years time. Don't know, but the progression so far has been impressive. How fast does a company need to grow, or how big does it need to get to get noticed? It gets me every time I look at the revenue history of a billion dollar company and see how small it started and how fast it grew, and thinking I missed that one. Can iQSTEL do that? Who knows?
Other than maybe letting the shares from loose hands get on out, I don't know what else the market would be looking at, or even if they are looking too much. Fixed costs have jumped up considerably, a lot due to all the new business they are doing, but they need to find some synergies and keep a lid on that or even reduce it. And, they need to improve the gross margin, and keep improving it. Just a bit of % of gross margin adds up big as revenues grow. Also, produce consistent net income, build value, and up-list.
Dilution may seem alarming, and more debt or more dilution, may come if other opportunities arise, but keep an eye on the value gained. I can only imagine, but I bet the bigger players in the market are much more focused on net income and value instead of dilution right now for iQSTEL. They have to see the revenue growth as we do. If that translates into value, and solid net incomes, what a find this may prove to be!
IMO - please do your own research and find your own conclusions, I am certainly no pro and probably am clueless of some of the most material facts about this company.
Companies go public to sell shares and raise money. I think that over the last few months they have used shares as a way to settle numerous, mostly small short term notes, and I assume they didn't have much choice. Hopefully that gets to be less and less of a problem. And if they can bring in net income then it certainly should become less a problem.
But they will keep wanting to sell shares, they have a lot of opportunities to pursue, and that's a good position to be in. They know as much as anyone that the higher the share price the more money they get. So it is to their advantage, probably more so than ours to get this company looking more attractive to the market. If I thought or come to think they didn't understand that I would be gone from here, but right now I believe they are just working through the debt.
Good news is, it appears that they are doing 50+m, and growing, on an annualized basis, and with any finesse at all that should allow them to work through 9m in debt or possibly less, fairly well. Paying it off and/or probably becoming attractive enough to get better deals with lenders.
It is good news. As specific as it seems it was actually a little short on details - "double SMS customer base", "65% of our revenues". Maybe over my head but I don't know just how much they see it adding to revenues.
But they sound excited about it, and adding a lot more customers has to be good. It seems like there is all kinds of potential with this since they are such huge companies to partner with. I guess we just have to see the numbers when we get there.
The market is flying and too many other opportunities to make money for a little pink sheet stock to get much notice I guess. People just keep throwing money into Tesla, etc. Why not a 1,000 pe? May as well be 2000 I guess.
And iQstel keeps shouting from the rooftops about their success, press release after press release, until maybe losing some of its punch. I'll have to admit that's how I found them though. It would just be noise but they do have real results in improving financials. Then there was a lot of dilution over the last few months.
I think about all they can do now is stop diluting and keep delivering the spectacular revenues, and get a consistent delivery of net income. IMO they have been right under their break even point. Maybe this news today is the catalyst that takes them over to the other side. And the other side of break even is the land we want to see.
Technically the trading range is at a slightly higher level than over the last couple months. It's in an uptrend from the low of a little over .06 on August 3, and possibly forming a cup as of around the last eight weeks.
Ultimately the stock is worth what anyone will pay for it. These note holders don't seem to care what price they get so they can sell a bunch to me for under a penny if they like, what do they care what it should be worth, and why wait a just little while to find out?
If you do the math the stock is about fairly priced if over break-even, and they are close to it. But that is with just an average p/e and not considering the dynamic growth that they are experiencing. We don't need Tesla's p/e to get a good share price, just one more in line with their spectacular growth rate.
So, they need to show the market they can translate growth into shareholder equity, not dilute it, and not reward themselves too much too soon so that it is overwhelmingly evident that the company generates value to shareholders.
Looking back at the few articles out there about iQstel, one thing was clear - the authors touted what a good play iQstel might be, but the article only came out after the share price had spiked! Appears to me the company has to perform (not just promote) but perform to get the price to spike to get that coverage again. Luckily it appears to be coming, they have performed in a lot of good ways, just not hit on all cylinders just yet. The potential is there it seems.
So today's news was good, maybe even great. I particularly like that it is growth on the current business so perhaps less overhead involved. Let's hope to see it produce fantastic revenues and hefty net income. If they pull that off its got to get some attention. Getting on a major exchange is a fine act for a small company to achieve, but it won't happen on just high ideas for most companies. They got something good going here in growth, just execute on the all the other levels necessary and good things will happen. IMO
Steady profits would pay their way out of 8-9 m pretty easily over time, but they have to get their finances restructured to allow time to get out of this cheap share selling trap. Maybe they are close to it already, I don’t know.
They have made 90% of 2019 gross revenues in the first half of this year. If there is a way out, this has to be it. They just need to make it happen.
And if they do we are along for the ride.
I don’t know that they are able to totally stop. They have a lot of current liabilities and I don’t know what the default penalties are. It kills us that they have to keep settling debt at these prices. No bang for the buck.
They need to keep it to minimum and get any good deals they can - like the .11 deal. Biggest hope is that the revenue growth continues to accelerate and they work their way out of this sinkhole as quick as possible. 8-9 m debt don’t seem so bad really for a 50m+ revenue company. Unfortunately too much debt is or has been current and not the best interest rates on loans either. Just typical small company stuff.
Revenue growth is the key out of this I think and luckily they have been on a quite a good run this year. With that, maintain steady and improving gross margin off cost of revenue. And hold the feet to the fire not to let administrative, salaries, advertising, etc to grow too much and kill profits. Pretty simply, and they know it, they have to fight to keep every dime they can while growing revenue to get in a position to obtain longer term loans at better rates instead of just selling shares. Then sell some shares along they way as needed in the future but at a much better value.
Again the revenue growth is impressive. Maybe that will facilitate some better financial structuring to the benefit of all. Worst case scenario, to my simple understanding, they could eliminate most all debt right now by selling another 120m shares. Wouldn’t be so bad in that they would be debt free, but that’s not in our interest or theirs, because if they hold off on all they can they can settle up later, hopefully, at a much higher price, and that helps their standing as well as ours. The only losers are the debt holders that don’t get super cheap shares. So while they probably are and have to keep diluting some now, hopefully they keep it to a minimum.
Thanks!
A lot of the most important metrics are improving - revenue, net income, assets to liabilities ratio. If that trends continues, and if they can put a lid on dilution then the path is clear IMO.
Will the metrics continue to improve? That's the current direction, every subsidiary positive. Initiatives like iOT Labs, and iTSBchain just getting started, while established business like Etelix said to have 30% growth potential for some time. Cross marketing plans, and new market potential such as China Mobile and Movistar. The case is made that the opportunity to improve metrics is there.
Can they put a lid on dilution? If all those metrics keep going in that direction then they should have the means to do so, and if that happens and they don't stop diluting that would be a huge red flag and I would probably exit. To this point I can only say that milking investors on a unprofitable business makes more sense than for a profitable one. I have seen this type of thing before, endless promises and "exciting" possibilities for the future. But those never seem to pan out and profits always seem a qtr away.
As far as I can tell, and based on the filings, this company has real revenue growth and very near the range where profits could be the norm. Surely, in such a case it would be far more beneficial for them, and us, to limit dilution as much as possible to get the share price up, get on a major exchange, and bring in lots more investors at much higher prices providing the capital they need to fund key acquisitions and initiatives.
You might even say they should avoid further acquisitions until they get that share price up some more, but they don't really need to. They just need to bring in much more value from the deal than what they pay to get it.
This should, and I believe it will all play out in the next few quarters. We are here, so obviously we think we know how it will go. If not well then I lost a few bucks, but everyone dreams of getting in on the ground floor of a company about to take off. Maybe this is what one looks like.
Bummer day.
This is interesting from 10-K. Actually a lot more good information there about Etelix and the other subsidararies as well, but here is an excerpt. Nice to hear there is ample room for growth.
Big Carriers: here are companies like TATA, iBasis, IDT, BTS, BICS (Belgacom). These are companies with global operations. Their only focus is on the wholesale industry and have no retail business at all or the offer on the retail segment is very limited. These companies have been expanding their commercial offerings including solutions for international roaming, international peering and SMS hubbing. They continue competing in the carrier business, but year after year, the contribution of the carrier business to their revenues diminishes; prioritizing the new business areas.
Medium and Small Carriers: this is the segment where Etelix is. This is the segment where we find the most amount of companies. The majority of these companies have a limited offerings in terms of routes and capacity. Most of them work in two or three geographical markets (America and Asia, Africa and Asia or Europe and America), but not all of them offer global coverage. In this segment we can find companies, like us, with a business strategy focused on becoming carriers with a real global offering, with termination capacity in all countries and commercial presence in every geographical market (America, Europe, Asia, Middle East and Africa).
Etelix is very well positioned to compete in the Medium and Small Carriers market segment. The Company is fully interconnected with dozens of Operators that have commercial presence in more than one geographical market, thus allowing Etelix to offer a truly international and global voice service. Etelix business strategy is benchmarked against the Top 10 Big Carries in order to allow Etelix to grow into this top 10 carriers in next few years.
Etelix ILD Wholesale Business Plan
Etelix’s current market share is less than 0.1%; consequently, Etelix has space to grow to several times its current size. With a methodical execution of its business plan and an adequate level of capitalization, the company believes that Etelix can maintain a steady growth rate (>30% year over year) well beyond 2020.
This is something to keep watching, IMO. The improvement was dramatic, albeit on the back of some dilution. But notably, assets did rise a bit to help meet the gap, so presumably it's not all engineered.
Importantly, further positive income could close the gap towards assets surpassing liabilities and net income was achieved last qtr. Perhaps good evidence of less and less need for dilution.
Acquisitions are a question, but I assume the 25m investment banking arrangement is still in play.
I wonder if one of those companies is listed. Too vague to make a guess, but hopefully a high value, low cost deal that gets us in the majors without messing with the share structure or value to shareholders too much.
That prospect of the 2300 mile of fiber optics is interesting. The first mention was several months ago, almost so long it might look like they lost it. But it was mentioned again June 8. Also, this may be a stretch, but they did include the mention of it in their investor page upgrade last week, which may have meaning or not. But if it was dead I don't think they would have bothered.
Now whether that is a Nasdaq company, who knows. The addition though would bring a lot of value to the company you have to think. I guess some of the other options mentioned could be equal or more for all we know. Sure would like an update.
Share price holding above the 50 day MA, and decent little trend line held today.
.... And what would be “next level”? How so and how high?
Huge acquisition could be anything I guess but as of June 8 this is apparently what they were looking at per this SA article.
A company with PBX services
A company with international telecommunications services
A company with 2300 miles of fiber optics in Central America
A company with 300 miles of fiber optics in the Caribbean
Wonder if its one of those?
https://seekingalpha.com/instablog/47633305-stock-market-press/5457681-iqstel-inc-s-leandro-iglesias-ceo-tells-stock-market-podcast-sees-growth-acquisitions-looking
Per iQstel Twitter - website Investor section updated. Good place to find several relevant articles now that feature financial milestones and strategic initiatives from various press releases over the past few months.
Click Investors tab, upper right.
https://www.iqstel.com/
Not bad - closing price up a little 4 days in a row. Last close slightly over the 100 day moving average. No big breakout yet, but in a trajectory, so far and if it extends, to take a shot at the 200 day moving average.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=iqst&x=56&y=11&time=4&startdate=1%2F4%2F1999&enddate=8%2F23%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=50&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
$3 - It would have to get there on high expectations, not saying un-deserved, but they have had some challenges. With a year of earnings we could start talking about p/e, but at the current levels the p/e would need to get a little hefty, and again not to say it can't, but still need some high expectations.
An obvious path into 100's of millions, without too much cost to get there. They have seemed to do pretty well so far with both organic growth and not paying too much on acquisitions. If they keep improving the balance sheet they won't need to promote so much anymore.
This graphic representation for revenue really tells the story. The 2020 projection is my projection of the 16.1 on the books for the first half of the year plus 4.3m for each month for the rest of the year. This assumes no further growth. 2020 really stands out, imagine the graph with some growth in the last half of the year.
Among other things the China Mobile and Movistar announcements were just in the last few months.
Also, at 4.3 per month the current annualized rate is 51.6m
Revenue 2017 7.51m
2018 13.78m
2019 18.03m
2020 41.95?m (16.15+25.8) - 25.8 = 4.3 x 6 months
Or possibly more?
Found in 10Q:
Note 7 Loans Payable -
Darlene Covi19 105,600
Note was issued on April 1, 2020 and due on March 31, 2025
0.00%
Maybe they did get a govt loan for COVID?
yw - and that reminds me that the May certification showed 777 shareholders with 100 shares or more, but climbed to 2299 shareholders by August. I took that as a good sign.
Yeah I took the certification to either be that they were there or had applied. But looking at OTCQX requirements they seem to be very close. OTCQB acceptance would still be great news, one more rung in the ladder towards a major exchange.
And to me, getting that investor relations channel you mention back online should all be a part of the process. Eliminate red flags. Upgrading to higher exchanges involves more and more transparency all along the way.
If I didn't make the point enough, IMO iQSTEL should make any and every effort possible, to reach the goal of getting in OTCQX in the short term if they truly want to grow. I don't know but I imagine that extra distinction would attract a number of additional buyers to help fund future expansions and innovations needed to get the revenues to levels that fuel higher PPS, and ability to get on a major exchange.
Right now they means get the PPS up past .25 as much as anything.