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Thanks oldman and captbass.
Thanks Joe. We got a runner. Bring it home iQSTEL!
Thanks - Yeah, remember that too, this is just where we are today, just like it was then.
Thanks Shane! - Really who knows this company better than us?
Been here long enough to remember when the offerings high price was $.10, and now it's $2.00
DHB
Thanks, I am glad you liked it. I have had that on my mind for the last couple of months and finally sat down and worked it up.
Knux - I resemble that remark. Thanks for the comment. I am new to that and been putting it together for days. Basically the timing was just when it was ready. :)
Folks, I wouldn't sweat this offering notice. This comes out every few months and people get nervous about it every time. It's the same 80 million offering it always was, it was amended maybe among other things, to allow room for the company to sell shares on the offering up to $2 now. I take that as a positive, it shows they think that selling shares may be a "problem" now. Problem being the offering was not set for selling at that high a price before, I am thinking.
The company has and will continue to sell shares, they remind everyone of that as needed. It's why they have stock. If any one is concerned, look deeper down in today's filing and you will see that the intentions for the majority of any money raised is to be used for acquisitions and growth, which means you should be getting something of value, likely much more value, than what you give up in dilution.
Also, per the filing, and if possible, they plan to set aside a good amount of funds for the equity requirements of up listing.
And keep in mind, this does not mean they will sell all those shares, they will just sell shares as needed, if needed, like it always is. Let's just hope if they do sell shares they will be able to get as close to the $2 as possible, or even better, have to amend this again to raise the offering share price from $2 to 5$ or whatever.
IMO, the best thing the shareholder can do is not get nervous about this or any normal, measured amounts of dilution. The better the share price is, the less shares the company will need to sell to get whatever dollar target amount is needed for the time, i.e. a cost of acquiring another company or strategic asset.
BTW, I hope to write some more stuff about IQST, and other companies, if any one here wants to set a follow on my name over there on SA to get a notification.
Hi folks just found this one and bought a small stake. Here are a couple articles I found.
https://pennystocks.com/featured/2021/07/06/top-biotech-penny-stocks-buy-week-9-watch/
https://pennystocks.com/featured/2021/06/28/top-penny-stocks-buy-july-7-know-about/
Great idea.
Mike’s shirt says it all. So how do we get one for ourselves and to hand out as Christmas presents this year???
IQST among Top 7 penny stocks to watch (or buy?) for July per StreetInsider
https://www.streetinsider.com/dr/news.php?id=18614381&gfv=1
IQST is the only one on OTC listed, the rest are all Nasdaq and NYSE.
I that it odd at first until I realized that they might have some proprietary technology that extends to EV from the award winning IOT device.
To my knowledge, battery chargers are new, and was needed I think.
Ameritrade still showing Pink. It will take some time for this to fully play out. For me, I hope the company sits on any other news until QB is well seen.
Meant to add - I hope maybe they were sitting on some good news to come out with over the next few days and using this up list as the spring board. IDK though, just a hope.
To your question - to me it is as much about what we are not as what we are. PINK just sounds highly speculative and most stocks that are Pink are highly speculative. I would seldom ever if give one a glance but IQST caught my attention and the more I researched the more I liked.
QB doesn’t guarantee quality or reduce risk a lot, however companies must meet some levels of success to qualify and we made it. It appears we may have tried in the past and did not, so that alone could be an indication of progress.
I have to think QB might bring in new pools of investors who are interested in the potential of penny stocks, but are too conservative to consider Pink sheet stocks. For me OTCQB in those gold letters just projects an image of a company that has made it out of the bottom rung.
Now the affect we will actually see, IDK, but I envision individual investors, stock buying clubs, and perhaps actual funds can see that a level of progress was achieved by gaining QB status and I like to think that once anyone is able to find IQST and takes a few minutes to do some DD, may be like me and dig a little deeper and a little deeper still, and maybe they make a purchase as we did.
Thanks for the comments and GL!
Way to go IQST! Gold QB letters look so much nicer than PINK. And confirmation of real progress.
Just keep showing other areas of progress, like continued margin improvement and keep the share count tight. Steps in the right direction, one over another like this today and let’s see where this goes. Love that they came through on this.
Thanks!
The last message we had on MPNA is that it was technically ready to launch. Today, they announced the actual launch. That's how I read it. It's early in June, but I expect that to mean it will be the Q3 report where we see it materially show in revenue and margins.
Interesting that they more than doubled the expected market size from last estimate. Apparently they still expect the short term revenue to be about the same. But I have to think the bigger the overall market, the better the potential for iQSTEL to target, and perhaps capture more from it.
The itsBchain site has a few updates.
https://itsbchain.com/
MPNA shows to be commercially released, confirming the launch. "Under Development" is the Settlement and Payment Marketplace (SPM). We get a good explanation of each service there under the "Learn More" tab for each. With that I think I may halfway understand what SPM is now, and I am thinking SPM, a totally separate product, might potentially be just as lucrative an offering as MPNA, and maybe even more so.
This is how I see it. MPNA is a service that is tied to the occasional service opportunity when a wireless customer changes carrier service. Now that does happen all the time, and the more carriers that sign up with iQSTEL for the service the more potential revenue, and obviously that can add up to a lot. They hope to capture 5% of an expected $530 million annual market over the first few years or around $26 million in revenue for iQSTEL. Of course 5% is little of the total so it appears the potential there to grow is very good.
But the other Blockchain product, SPM, to my understanding potentially captures revenue for iQSTEL for the constant and ongoing data services that any one carrier provides for any other - like iQSTEL provides in its telecom business. But they can market SPM to any carrier for their use in the billing of the telecom services they provide to any other carrier. Doesn't just have to be for the telecom services that iQSTEL provides.
Similar to MPNA, SPM is all about providing a service that save times and creates near immediate service. SPM aims to handle all the SMS, VOIP, and data exchange services that typically take 35-40 days to settle and basically bring that up to real time processing and settlement. Arguably it may affect some interest gain, but appears to potentially save companies in eliminating the need for time consuming auditing by various departments. To compare, MPNA is expected to tap into a $530 million market while SPM taps into a $900 Billion market.
If iQSTEL can get an early lead on this, as they apparently have with MPNA, then I believe this is yet another area where we could get excited, even if that were all this company had going for it.
JMO, not investment advice. I do like this product though and hope we hear that it will become available soon. I might add that if MPNA goes well, if it is well liked and accepted and gets picked up by more and more carriers, then I would think it would help open the door to all the carriers for SPM - "Let me tell you about a new product we have." I think Leandro is a pretty good "QB".
yw and GL!
To your question, I think it feels like we found the bottom and turning around. I don't know why not as the financials per last report are improving, revenue is increasing, and there are so many potential new revenue streams. But perhaps to qualify the question, check out the chart at bottom.
The Chaikin Oscillator has gone positive for the first time since March and the upward slope appears to be steady. A positive reading indicates more buying pressure - more buying than selling. It just crossed over, and we haven't been solidly showing more buyers than sellers since last February - until now. So I think its something we can watch, and even be encouraged by, as it may provide some confirmation of a reversal in progress.
I'm still keeping up with everything, but looking at, and for, more actual milestones to propel us forward.
I would love to see some results begin to show in the financials including Vonage, MPNA, and Smart Tank. Also it would be great if any of those were to expand. And, I would like to see some benefit begin to show from consolidation of the telecom services.
And what of the network carrier partnership? The iBank? These things take time but anxious for more details.
I think if we don't get an update on OTCQB soon then it will be a concern, but I expect we will hear very soon on that, based on the time it has been in progress.
I'm glad to see that Visa MoneyOne is on schedule. And the coin aspect is very interesting, but we need a lot more in details. All in all, I believe the downturn had little to nothing to do with iQSTEL, and so not much to do but ride it out. But maybe the tide is turning. If so, it will be great if iQSTEL has been sitting on some good things to share with us, among that already. There is so much going on and positive validation is needed, but it's a matter of patience as each 10-Q will write the story.
Anyway, here is the graph of IQST. I loved seeing it at $2.00 although briefly, but if it had stayed there or gone up I wouldn't have got some of the shares that I did. Hopefully now though QB comes on line and good news abounds, and I'll be glad I picked up a few handfuls on the dip.
GLTA
https://www.investopedia.com/articles/active-trading/031914/understanding-chaikin-oscillator.asp
Agree. I hope the M&A is announced right along with QB uplist. Best chance at a good market reaction, I think.
Exactly. Maybe they need to hear what we expect. It is critical to how much weight we can give it in our investment decisions.
Thx and np. You had great questions too. Wish we could get some good answers to all of them. But I understand certain things may need discretion.
- Was the increase in revenue for April from core SMS/VOIP gains are did it include any new product revenue - MPNA, Smart Tank?
- Did the April increase include any new business from Vonage?
- Which month should MPNA revenues start to show? Which month for Smart Tank? Which month for Vonage?
- Are overall margins coming in better than Q1? What month do you expect margins to begin to improve? What month or Quarter do you expect IQSTELCOM economies begin to show improvement to margins?
- What does the IBM Startup program mean for itsBChain? Exactly what objectives is itsBChain trying to achieve and how does IBM program help them to get there? (Understand some things need to be kept under wraps, but can you explain what the IBM program does for us?)
- EV still on track for Summer 21 rollout? When to expect revenues?
- Visa/Fintech still set for next month? When to expect revenues?
- Anxious to hear more about network carrier partnership. Please give as many details as prudent. Who, when, and what it means for the company, and revenue expectation for iQSTEL? If we own 10% of the company is it profitable? How do shareholders directly benefit from it's profits?
Awesome!
Same, and best return ever. And best potential ever I think. I wish all company's financials were so easy to grasp.
Nice last minutes run up. I got 10K shares at just under $.48 today. Up with the market falling off, I hope this holds and gains on into tomorrow with news.
A big institution may have 45 days after the end of the quarter purchased according to this source. (about now for Q1). Maybe less time if they take a major stake though.
I doubt we are on most of those radars at this price yet.
https://www.investopedia.com/articles/stocks/05/042605.asp
Exactly, and well said - the stated share price for the offering was $.10 at the time. A price that could be amended, but that's what it was.
When you sit on $.06 to $.10 or so for month after month, and feel like you are worth more I am sure they felt like they had to do something to stop the madness of the dilution downward spiral they were in.
So I would think they thought we will take this one big hit to get some control over the debt spiral, and really maybe that was a big part of what finally worked.
Bottom line, although a bit ugly its old news now. We can dwell on it, or celebrate where we are. Put me in the latter, I think we are in better shape than maybe many realize. We may not be at the dream situation yet, but this is the first step in the ladder of future success, IMO.
It helps your perspective greatly if you were aware of just how much risk the company was in of never digging out, as I believe it was last year. They were a good company, but the deflated share price hit them at the worst possible time, and IMO, came very near to creating a hole they might never get out of. They made it, out. Now, if things keep going so well its all about just how successful they will become. Again, IMO.
I get it, actually I can recall back last year seeing that happen over and over it seems - like millions of shares for thousands of dollars. Not sure why I hung in there, was just hoping it would get worked through I guess.
Then there was this, it is frustrating but can only think it was apparently something that had to happen to get us here. Or, maybe not, but they did what they felt they had to do to dig out.
What I was congratulating them on is that they did dig out, and look where we are. They don't have to make "bad" deals like that anymore and the evidence shows the deals started getting much better. We are on the other side now. JMO, but I say lets look forward. I really don't think they have to do any more "bad" deals like that anymore.
We are at positive shareholder equity! A bit of margin improvement and we are profitable. No debt means no long term debt, just some operational debt. I get its disheartening that some significant equity was lost, but look at where we are now.
The fact is they want to up list maybe even more than I want them to up list and that's saying a lot. I think they are going to be very careful about doing anything to jeopardize that and that means maintaining or improving shareholder value. It's just about the only path to getting that price up.
It was a hard pill to swallow, but a pill that should make them, or has made them better. They are close to profitability, from there it should just be all about growth.
I would much rather taken that (one time) hit at dilution for debt clean-up, then still be sitting here trying to figure out how X million warrants
and X number convertibles might convert into more dilution later.
This makes the situation much easier to understand and track progress for me.
Agree, and there should be no reason to dilute more right now, unless it was for M&A, which would likely bring in much more value than any loss of equity.
I hope they can let the price ride back up a little first. Getting listed would be even better I think.
I did a quick read through the 10-Q. No surprises to me. Looks like the cash position was built on the stock sell, as we were already aware. If you ask me it was a brilliant move, as they took advantage of higher share prices at a good time. In theory this money alone could keep them going for months, even beside the fact that net income is getting closer, and probably sustainable net income as well.
And they needed money to pay off debts, qualify for up listing, and to fund M&A. So there is that. Congrats iQSTEL, you moved at an opportune time and, IMO, probably near guaranteed solvency through the recent OTC attack.
We are actually in positive shareholder equity! Check out this graph which has been tracking the progression of lowering liabilities and rising assets.
For margins, you always want more but they did what I wanted. Margins grew, although not a lot.
2020 overall margin was 2.14%. Q1 2021 is 3.43%. It's just a modest increase but there are some pretty important side notes. Swisslink and Qglobal Miami pulled back a bit, but both were at least above 11% which is really pretty good.
Importantly, Etelix went from negative gross margin to 3.52%. IOT Labs (Austin SMS and IOT) grew by over 1.5%. It may not sound like much, but that is huge since IOT Labs/SMS Austin currently represents over 65% of total company revenue. Not only does that help the bottom line, but it validates the theory that SMS margins can, and are, improving with time.
In fact, this statement appears in the 10-Q:
We expect an increase in the gross margin for the next twelve months as a result of having better termination costs.
And it helps that Etelix is contributing too. Keep in mind that this is Q1, so this is before cost savings expected from merging the telecom division.
So in Q1 all the divisions reporting had a positive gross margin. The company is much closer to making money and this is all built on the core business - it does not yet include the coming high margin products that we will see in the coming quarters.
Also of note, they appear to be doing a pretty reasonable job of keeping other costs down, and the borrowing costs should all go away furthering their goal to profitability.
This 10-Q, for me, has reaffirmed my faith. I believe this is the real deal, and the company is following a carefully laid out path that will lead to profitability, IMO. Not investment advice, but I am much more convinced the company is on the right path. I think the next several 10-Q's could really make things interesting. And that's how I think you need to look at this. It's not zero to 60, its making progress and building on it quarter after quarter. Q1 looks like a leap in the right direction, and we build from here. Again, congrats to iQSTEL for their navigation and progress over the last 6 months or so.
And they still had interest/borrowing expenses in Q1 as they paid the debt, all promising for an even better Q2.
I want to look it over in detail later but briefly - gross profit margin improved by just a bit, but improved. Total Assets now exceed Total Liabilities - wow!
Appears to be moving in the right direction, apparently the market agrees.
I think you stated the point better, but I agree. It looks like you are giving away free information. Might it not be better if your broker was more worried that you could sell at anytime? Sure you could, but your stated high sell price is reason for them to think otherwise and loan away if that's what they do. I haven't seen definitive proof of the legality or lack of.
So, I'm not saying it's right or wrong, and many here swear by it. We can never say its been a big help or not, we don't have the data. But if most everyone has or did "lock" up their shares the current status is shorting appears to be pretty rampant regardless.
And you can always say well it would have been worse, as stated, I really don't have the data to confirm or deny. Just wanted to make the point that we are maybe telling brokers and market makers how firm we are, and wondering if that gives them an advantage. Or maybe it gives us one too if it makes them think they won't get those shares. Just something for discussion I thought.
I'm still here and I haven't sold a share. I had a trip to do and got back, but I'm still watching IQST and the board and really there isn't much to talk about right now I think.
Everyone pretty much agrees the company looks good, and the positives have been restated over and over. Makes no difference. We are in a bad market environment and the only real positive I think, is all this has nothing to do with the company's performance.
If our .08 shares had slowly climbed to $.48 from last year and just now happened I imagine we would be somewhat happy, yet hoping for more. I am down on some shares bought since so I can relate to those with losses.
Maybe the worst thing about a drop that has nothing to do with company performance is that it makes no sense to start with, so there is no calling the bottom. The bottom only happens when it finally reaches a point where it looks like such a bargain the tide can not be stopped. We can blame MM's and short's, but what we need is buyers.
Now I do think there are probably those that have it all figured out how many of us are left, and how many more of us can be persuaded to give up. And they won't stop until they are done. For that reason, there really isn't anything for us to do to try to fix the issue. You just have to decide if you are in or out. I doubt it makes much difference to anyone but you.
But to get real buyers, retail or otherwise we need to see some solid results. You are right, I have been waiting for the 10-Q to get a better idea where we stand. We have got to see some margin improvement IMO. It don't have to be super improved, but it needs to show improvement, and more so each quarter. That's the best path out of this I think.
Luckily the new product offerings going out now should do just that, and I hope they improve telecom margins too. But as much as we believe, we need to see it in the numbers. It may take a few quarters to really gain traction. I can guarantee that every feeling that people have today was felt back in October/November when we were trading up and down around $.08
One thought I have had, perhaps open for discussion, is whether the locking up of shares at a high sell price helps us or works against us? If a broker will loan out your shares anyway, and you have "played your hand" by saying you won't sell until $10 (or even $2), then doesn't that tell him he can loan away because he knows he don't have to hold your shares tight - no way it is going to $10 anytime soon?
But again, I am anxious to see the 10-Q and any other new developments they may disclose, and you can bet I will look it over with all the attention I can bring. For now, it's hard to watch this going the way it is, but IMO this company only looks stronger than ever to me, and long planned ventures are only just starting. I suggest to anyone, to live your own version of reality, whatever you believe it is, and not the one that has been painted for you.
So after a long read, I suggest try another if you wish:
https://theconservativeincomeinvestor.com/peter-lynch-on-stock-market-volatility/#:~:text=Lynch%20remarked%20that%20he%20enjoyed,shares%20as%20the%20price%20declined.
Also - start at 11:35
Sounds great. I picked up another 3000 shares today. I’m about 97% purchased under $.08. I have been buying all over the place since with small trades, lowest around $.63.
Hoping to watch every trade that’s not green, go green on the way back up. It’s such small percent of the total but will be very fun to see anyway and hope to make a little playing money with that.
Are there any clues in the advisory board notice today, or just a natural step? I count it positive for Alyi, but maybe we get a little more skin in the deal somehow with this?
Coin offering is one of the few trendy new areas IQST hasn’t had a hand in so far. And maybe still not, but interesting announcement.