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Absolutely. Alvaro has all sorts of these playful accounting tricks up his sleeve; he's very savvy.
I see B-rad and the rest of the "Investor Relations" team have recaptured the entirety of social media discord, despite the shaky legal grounds and the blatant violation of IHUB ToS.
The gall of these two shameless posts is overwhelming; this snapshot should tell any "Vigilant and Informed iQSTEL Investor" all they need to know about the current situation and the company at large!
Dusting off the ol' BSmart37! This one was always great, and didn't deserve to just be abandoned!
This, coupled with the recent resurgence of the "PubCoInsight" spam, speaks volumes about the sell-side pressure as of late. (alongside the other horse skeletons still being beaten, of course)
Follow the real technical indicators folks!
I see that while some suggest the ignore button, others still prefer the follow button. Charmed.
I never saw the two mentioned behaviors, outside of one purposefully spiteful spat, despite reviewing daily.
I was moreso harkening back to several years ago, where a handful of users filled the board with high-level discussions daily. When people chose to project securities instead of their insecurities.
I would even prefer the loose and heavy-handed arbitration from the savior squad that appeared much later; this now is a mess!
I suppose you can't expect too much from volunteer substaff a decade into their career. Maintaining a sufficiently flashy neck-beard requires more and more attention, as the field gets increasingly competitive each season. The first blooms have already begun!
Good luck to anyone and everyone still in the game here.
No moderators now? Not like this!
I miss it here, or rather how it used to be, and I hope every one is doing well within their portfolio and without.
Also, any suggestions of what a retired crackhead/workaholic/invest-aholic can do to fill the time would be GREATLY appreciated! <3
KING KONG LONGS!!
AYYY
I've been absolutely stunned that no one has wanted to hear me out about this elephant in the room for over two years now. Even when I go on expository public crusades, and even when I reach out in lengthy private messages to individuals.
....'cept for Crawfish. He wanted to hear me out: yet he probably wishes now that the burden of Knux memoirs about this could have been more fairly distributed and shared! Sry, bby. <3
Guidance throughout the first half of the year was a confidently repeated "We don't need to raise any further money in 2022 and into 2023, as we have plenty to cover operations and our acquisition strategy."
Then they proceeded to make another Apollo deal that they themselves likely didn't understand..."The man in the top-hat said 2.00$!!" All of this at the VERY end of a nice long year of the markets/shareprice sliding into the gutter.
Been buying some of Apollo's bulletproof indexes to kick off 2023: if you can't stop being proxy-scammed by 'em, join 'em.
Long time, folks. I see the fun is still going strong. Glad everyone is well!
Any updates on the B-rad vs. Mickey-D case? I mean, I can assume the usual heap of defaulted quadruple-cross inquiries from both sides that never get sorted, but surely they must be close to an actual trial right? The judges and lawyers must be exhausted; it's not worth the free money anymore!
Preferably not the "I skimmed half of the first free page provided, and will proceed to give the literal opposite analysis of what's happening" version, please. You'd think penny gamblers could pony up a few dollars to avoid such routine embarrassments.
I'm still wondering if B-rad has been using this drawn out defamation case as a means to try to reclaim rights to the entire company at the buzzer. "HE STOLE MUH 100% PREFERRED SHARE".....and undoubtedly Mickey-D has been saving some similar trump card for the final showdown.
It's gotta be some REAL cringe-worthy fun to send this off right.
While ALYI continued to namedrop IQST in their press releases well into this year, the last time they were included in an IQST release was in a 10/2021 shareholder letter. They obviously wanted to distance, but Leandro STILL allows scammers to use his name/company for clout. Man the hell up and apologize! To your shareholders, and theirs. Showcasing abysmal DD skills (even as I had previously legworked it extensively and put it right into his lap/Knux e-mail shredder) pails in comparison to being a selfish coward.
Some well-resourced ALYI shareholders are moving forward with a lawsuit against Torno, HenryK et, al. Good for them. I wouldn't be surprised nor sympathetic if Leo is dragged onto the docket at some point.
We STILL have promotional videos of their imaginary revolt bike..
.. ten pixels and a click away from the IoT Smart Tank!
Speaking of the revolt scam. Look at that smiling face STILL sandwiched right in the middle of these criminals.
As if all of their ancient website content, the ghost of Christmas past, wasn't damning enough after watching the screenplay actually unfold...I believe the classically meme'd "Coming Soon" landing page would have sufficed instead of these two permanent shit stains.
The entire thing went from a simple miscalculation while swimming with shady OTC characters, to a big red flag, to an obnoxiously stubborn pathology ruining the credibility of the CEO position. I believe it's finally time to let Alvaro take over.
Like all good middlemen do: upsell it and skim just enough milk off of the top to make it look like you're doing something.
Unfortunately, I don't believe they are going to be good enough middlemen in this, the bikes, or the initial fintech venture with MAXMO. Especially now that they continually cosplay as pioneers, even when the mask is off.
"The IQSTEL´s Management and the Independent Board of Directors have consistently under promised and over delivered in the past and plan to continue with the same standards well into the futrure." ...
Hopefully they don't transition into full-blown taking advantage of their own countrymen.
I can't remember the last time IQST was lumped in with so many dog-shit tickers alongside such an embarrassing sentiment.
Wait...it's been twice a week for all of 2022!
Never seen anything like it. When will this madness end?
SEC reporting 10Ks are the only resource you should use for such matters when looking at OTC stocks.
Per IQSTs last one, all directors+officers as group owned 2.6 million common shares at the time. (They've undoubtedly gotten more as compensation, and sold some out since.)
As mentioned, Alvaro and Leandro have nearly all of their positions in Series A and B preferred shares. The total sum of those positions, in common shares, is 21,100,000.
Management's preferred A's alone give them 51% voting rights, so don't bank on us ever getting a fair say.
PubCo Insight could sure learn a thing or two about writing articles from the OG.
He also doesn't charge the company ~1 million per year(~1/4 operational expenses) for such charitable, authentic, and vastly superior services...
Sheesh, I see a glaring opportunity to improve margins!
Thanks for dropping back in, and especially thanks for helping people to fill in the blanks of this recent development.
To me, When the spinoff talk began, EVOSS became more than just another middleman product launch originally advertised as pioneering for large portions of market share, it became a haunting reminder of asset isolation/cap table tactics that can go south very quickly...at least for those holding common shares in the parent.
The execution of the things you mention have only been demonstrated by the core telecom acquisitions and IoTSmart tank technology: the two ventures I mentioned as deserving nearly all of the current focus and resources. This is enough.
Executions of these things amongst the various other projects (forward-looking dreams still memorilized on their ancient websites RIP) have frankly been a disaster... with this first batch of electric motorcycles advancing that trend considerbly.
But, as you gestured, I let the financials filter out the dreams and reveal the business..Which I believe does have considerable value.Time will tell soon enough if the recent telecom acquisitions were worth the cost.I don't doubt they can achieve their 2022 forecast, but I do reasonably doubt going forward their ability to effectively manage their capital, image, opportunities, and most importantly the shareholder's ibest interest.
Of course, but my sentiment is once again shifting because the company has been actively involving themselves in nearly the same three artforms. Mostly stemmimg from pure negligence, compulsion, and ego from the CEO position. They are also incredibly resistant to advice on simple routes of self-correction, further demonstrating this preference for self-sabatoge.
This combination abandons me to expect these things even as a long term underwriter.
Full steam ahead as of late! Hopefully their foolish overexposure to shady OTC characters hasn't convinced them to give up the boring grind of legitimacy, and decide it's easier to use the more traditional forms of capital market success down here.
Sadly, they'd be right in making that decision.
Obviously, I'd prefer some calm and focus on the two sectors of foreseeable relevance, a public severing of the disastrous ALYI/RVLT association (complete with a humble apology to their shareholders), not letting huge bonuses--gifted for quarters of little note--reek havoc on the year end accounting/SP, and a long overdue upgrade to the boutique bargain-bin IR "services" deployed into every corner of online discussion.... just for starters.
That last sentence added for fun? It wasn't in the otherwise quoted tweet, nor in your citation.
Should really keep the fun stuff separate from the business.
They could SPAC it onto the NYSE, like the real Pink-Limited pros do it.
Until they have even one piece of the "EV solutions suite" IP actually installed onto the manufactured bikes being marketed, it's probably best to STFU about this entire venture...last year.
What's the thesis here? That the three simply won't provide further cooperation going forward?
They now have all the time they need, if they even did in fact need it, due to a fresh rescheduling of these pitiful conferences.
Mick and his litigator were even willing to gift this extra time, by dropping the ball in their default judgement request form.
The default request against the three was rejected because of inaccurate information provided in the form (box 1a) about when this particular amended cross complaint was filed. Amongst a sea of them back and forth so far.
4/22/20 (when it was filed according to the false form Mick submitted) to 11/29/21 (actual date the judge noted this as filed) is quite a large oversight, and perhaps he simply became confused about which particular amendment to which particular complaint he was trying to get judged based on failure to answer. It would certainly be easy to do at this point. No judgements from me (or the court) on that front.
I also don't see how these matters are somehow the lynchpin of either side's case. If anything, it feels just like another rushed and failed attempt at a "GOTCHA" moment, which is mostly what each side's case seem to revolve around thus far.
Furthermore, there have been plenty of more relevant default judgements actually granted to date. Neither seem to be terribly concerned about how bad such things look.
Before bowing out again, hopefully this time for good, I will say this has seemingly escalated to the point that they are going to be fighting for full blown control of the company when/if a trial date is ever finally set. I hadn't been able to make up my mind on this until recently.
The stakes have been raised higher and higher, each step of the way, from the simple defamation suit it started as. I can't see them not going the full distance at this point, after the sunk cost fallacy+petsonal vendetta has spiraled out of control. This should be beyond what either of them even want to find themselves doing at the finale ...under oath.
Yet they can't help themselves, or each other, and they never could.
Extra prepared today, I see! #inciteinsight
Typical, but hopefully others can glean some helpful perspective from my efforts this morning. I'll leave you to it.
What you see on page 18 is indeed Goree listed as CEO...of this company’s subsidiary, Houston Natural Resources, Inc (“HNRI”) which has since formed HNRAC Sponsors. LLC (“HNRAC”). HNRAC then formed HNR Acquisition Corp. ("HNRA") ...the final being the SPAC we both linked to and is irrefutably an SEC registrant with Goree as CEO at this time.
You don't take Frank with you anywhere near the SEC.
Critically, you've got yourself some common shares of Houston Natural Resources Corp ("HNRC"), or you might be on the wrong forum if you bought the SPAC during the window. Here Frank is indeed all of the things and titles I previously listed him to be with no others even listed.
They do it like this on purpose. To confuse and create an infinite labyrinth of backdoors and channels. I can't imagine how many there really are between the large players here.
OTC Markets Group isn't a regulator nor an auditor. Those burdens are yours to bare when you play down here.
Their cares surrounding OTC PINK disclosure can be found here.
NYSE? I suppose you're wandering further and are now referencing.
The ongoing SPAC campaign of HNR ACQUISITION CORP
I think you'll find this set of actual filings to the SEC have a much different vibe even as simple blank check registrant. Take your time. I did. Even in the midst of all those words, Frank and my review of his HNRC disclosures are not referenced.
I was saying what I said. I only attempted to satisfy your request. It was in good faith, and I'm happy to try to help others gambling in the swamp. It's the wild west out here. Good luck, and I'll check back in with you boys periodically.
Sure!
He didn't have quite the con-nivence of today's fresh-start setups back then, but you get the idea.
Start with a couple thousand. Arbitrarily assign whatever valuations that are required to perfectly offset the sloshing of a bunch of illiquid securities around (Mostly amongst yourself and a few insiders) until you fill in all the lines OTC Pink has asked you to. End with a couple thousand.
You'll be delighted to know that this fun exercise in fantasy accounting also doubles as the business plan! Just juice some of 'em a little while you slosh, and enough liquid eventually gets donated to the cause. Apparently.
There'll be no judgement, because this President, CFO, Director, and Secretary wouldn't dare submit these to anyone that actually cares.
And here I find the great (late?) and fabled nodummy --Slayer of Scams-- has filled in this historical gap for me nice and neatly. If I could bring myself to be milked by this website for simple search features, I could certainly save myself some time by riding the coattails of the old legends.
Meanwhile the word document I had assembled so far for this part of the timeline is a loosely-stitched clusterfk!
A full-hearted thank you is in order for digging this out of the depths!
You know me; it's never just one thing.
The main one is me urging them to reconsider their omission of the entirety of the "Subscription Option Agreement" recently made with Apollo. I haven't slowed in my efforts to get us more details on this.
Another important one is asking them to publicly confirm if the EVOSS bikes currently being marketed have any type of proprietary technology on them at all... Does this first shipment come equipped with iQSTEL-made batteries or unique IoT connectivity features?
I know those two things were specifically mentioned at the onset of this division, but I've since realized that it's never been officially established since production. If they are installed, it's a big oversight to not advertise this during these initial rounds to showcase the company's technological prowess. If they aren't there, then it's a big oversight to slap an iQSTEL sticker on a Chinese bike and then proceed to parade it around as their new favorite subsidiary.
I could go on, of course, and I'd be the first to testify that nearly all material questions, suggestions, and concerns directed to the company's IR or management are read with no intentions of a real reply. Still, speculating on social media is not my preferred strategy of helping my investments along. They need to know what the important issues are, why they are important, and simple measures to resolve/avoid them.
Nearly all of the companies I've ever invested in over the decades have had to adapt to a relentless barrage of Knux harassment!
Just to circle back to this. There's three pages to his submission, but I'm not paying for even one more document in this nonsensical, snowballing, never-ending saga. The freely available preview of the first page serves the purpose here. "I thought the status conference was on the same day as my motions to compel discovery responses"
Anyone been getting through to the company IR e-mail lately? Any responses at all?
Does anyone other than me try to stay active in communications to B-rad and management?
Just wondering if I've finally been blocked after my years long campaign of asking the right questions and making the right suggestions. Radio silence for weeks now, and that's never happened before.
Capitulation to some handcuffs maybe?
Or perhaps someone has flashed ALYI a half-eaten Snickers in return for their "assets" and Torno can't refuse such an offer.
Oh? I was just taking his word.
I'll comb through it myself when afforded the time.
Lmao, the ol' "simply became confused" excuse... didn't see that coming!
Even the lawyers on both sides of this suit couldn't care less at this point, after it dragging on forever with no end in sight. What a joke and a waste!
I'll see what happens later in the month and then probably stop following as well.
Not soon enough! I'd appreciate any and all shareholders to join me in directly harassing management about such things!
alvaroquintana@iqstel.com
ceo@iqstel.com
Hang in there, partner. I'm happy to hear the worst is behind you.
This certainly wasn't advertised: this was its first mention as a demonstration of value and a proclamation of a possible spinoff strategy going forward.
Conversely, their track record of following through on announced acquisitions is easily verifiable.
How did I ever guess this would ever happen?
Welcome aboard!
From their own IR team's website. At least this penning looks to have taken a little effort.
Thanks for sharing this insightful article; the images they conjure up for me are pretty bizarre.
Unfortunately, the future of this fresh market will probably continue to grow. Maybe Leandro really was planning a full scale assault in Spain to claim the throne!