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.
I feel another run coming soon. Too easy to buy at these levels and wait.
Looks like I dipped my feet in the water just in time. She might have another run in her, if people catch on.
Sell now, and you will be regretting it later. I've been here since 2.3 cents and can see 50 cents a possibility in 2022. Not many pennies actually make money like this.
I've read over this a couple of times. It says the owners of the physical location are dropping Diego Pellicer and going with their own brand called Frost. That would be like a 7/11 store owner, dropping the franchise, and going with their own name, and calling it "Quickie Mart". Am I missing something?
Predicting the performance this week is like trying to predict the weather. I don't expect much unless there is some PR that builds confidence in their books.
The dilution will keep dumping until it nears a dime, and it resets again. Only when they stop diluting will this stock stop going back to reset. Never buy after a jump with the Pennies, because you could wake up with only copper.
This is what threw caution in the wind:
https://www.otcmarkets.com/filing/html?id=14541929&guid=qc1KUqJFccWlqth
If they sell the lot at a dime and these get dumped the stock will tank as it has before. I should have held some but wouldn't buy at this level.
Yes it is possible. I sold when I heard they are adding 56 million commons, in December. I should have held, never expected it to hit .40 before the dilution.
It will be .13s tomorrow. IQST is printing more stocks and undercutting the market. Dime coming back soon.
Their revenues have increased for sure but so have their costs. In order to make a "Profit" your Income needs to exceed your expenses, in which case here it has not. As a result of the negative balance sheet they are still selling shares to cover the gap. The approximately 60,000,000 shares due out soon are marked at a dime.
They stress that their business plan will eventually make a profit, but until then hang on for the big crashes that come with the dilution dump.
Could have just waited until the new dime offerings pop.
Form 1-A POS Iqstel Inc:
https://sec.report/Document/0001078782-20-000994/
This is going back to a dime. 60+ million new shares are coming in at a dime. This went way too high. Hope you all cashed out uncle Sam's share before it tanked.
Welcome to the Penny stocks.
I'll buy it from you, at .075 where the current support line seems to sit. To be serious though, this is a long hold penny stock betting on a strong development. SMS is dying and that is where they currently make most of their money, but they have so many other developments they are brining together that can make so much more for them. If everything works and they don't dilute to infinity, you'll make bank.
Wasn't me that caused it to Chit the bed. I was nice and sold a few here and there. Planning to hold my remaining shares.
Got sick of the long hold sold a 1/3 at .088, then it runs. My bad luck never fails.
They are blaming this on a Office 365 Phishing attack, which tricks you into putting your password into scam site. What decent security firm wouldn't use 2 factor authentication?
Do you think "Preferred stock" just dissipates into thin air? It is still there, just not counted in the outstanding shares we can Buy and Sell.
They are Diluting the snot out of this stock. They are playing shell games and hiding much of it in "Preferred" stock. I suspect it will go back to the mid to low 7s.
If the dilution equals a net gain in price per share, it isn't bad. If the dilution stops and the earnings roll in, that is when the real money happens. If you are buying on the pennies that means your looking for that Diamond, but most come up with coal. I myself am hoping IQSTEL is a diamond and not coal.
Because they are still diluting the share pool.
Yes, last week. They want to dump 24 Million total to cover Q3 losses.
They aren't lying. Read the 10-Q in its entirety, to find your answers as to why it is where it is. It won't clime and hold until the bleeding stops. People buying at this price are taking a risk. If the company cannot sell shares to cover the red, they flop. IQSTEL still sits at High Risk, High Reward. If the risks go down, and you hold, you will be rewarded.
IQSTEL is at .08 because they are still at a high risk point. Once they no longer have to sell penny stocks to cover the red, they will grow fast, but they have to get to that point first, without too much dilution. Long holds will be rewarded IF their business model succeeds. They seem to be beating their goals, and is why I am holding.
It won't tickle a dollar until they can get 2 quarters in the Green, and stop selling Common shares to cover the Red.
There are 2 BIG Limiting factors currently. They are operating at a loss currently, even though revenue is up. In the 10-Q report they talk about selling 24 Million more common shares to support the loss, which will dilute the stock. Hold and hope their business strategy works, because if it doesn't you will be holding a empty bag.