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If the A/S doesn’t get approved then the R/s is automatically not going to happen.
“Proposal 5, the Decrease in Authorized Shares, is contingent upon shareholder approval of Proposal 4 and
the occurrence of the Reverse Stock Split. With respect to all other proposals, including Proposal 4, approval of
any one proposal is not dependent on stockholders approving any other proposal. Therefore, if stockholders approve
one proposal, but not others, except for Proposal 5, the approved proposal would still take effect. Note, however, if
Proposal 9 (ratification of auditors) is not approved, Sysorex's Audit Committee will consider whether it is appropriate
to select another independent registered public accounting firm. Even if the selection is ratified, the Audit Committee
in its discretion may select a different independent registered public accounting firm at any time during the fiscal year
If it determines that such a change would be in the best interests of the Company and its stockholders.“
We will be getting the next acquisition this week, and it will be in telecom. That will make 6 total telecom companies! I like the last one. They give them money, but own the company which means they basically invested in themselves.
$IQST - IQSTEL, Will be Int’l Telecoms Week (ITW) conference in Washington on May 9th, introducing our six Telecom Subsidiaries. Before ITW we plan to announce the last one. We’re working on to reach Positive Net Income this FY, and $90 Million rev. #nasdaq #otcmarkets #otcqx pic.twitter.com/obDycX6xAt
— iQSTEL Inc. (OTCQX: IQST) (@IQstel) April 29, 2022
I’ve literally been saying this for weeks now. STOP.BEING.PREDICTABLE. They are making the shorters and flippers jobs sooooooo damn easy. If the stock is being punched in the mouth Monday-Wednesday the longs bears and MM know there’s no possible relieve coming until Thursday since they announced it. Try a surprise pr, just try and see what happens!
Wow, you clearly didn’t read it. There was a whole paragraph saying he’s releasing another one today.
I don’t know why people waste their time highlighting this generic paragraph. It’s literally in every legit companies financials. It’s there as a CYA for situations like COVID, market crash or the company collapses for whatever reason. It’s even in apples financials, ofcourse they say they do have the cash lol. The goal here is for IQST to say they do, but it’s should only get a golf clap an move on since it’s irrelevant legal speak.
The MM’s dropped it 11 percent with a 10k bid fill. Like we’ve been talking about. Wasn’t a sell off, wasn’t any spectacular that the bears did. It was done for a reason. Perhaps a massive green day Monday!
Ok, where does it say(as I asked) A. This company has lost money as you stated year after year. B. Where does the article say a company can last 17 years losing money every year?
I will OFCOURSE agree when a company starts they absolutely tend to lose money, not hard to understand. But most companies don’t last more that 5 years doing that!!!
https://www.lendingtree.com/business/small/failure-rate/#percentageofbusinessesthatfail
And FYI I “only feed” you money if I sell. I haven’t sold. That’s how investing works. Geezus. PLEASE keep posting.
Day one stuff man.
Also you didn’t post a link showing they lose money every year…or even address why you made a such a lying statement.
So explain how a business last 17 years losing money? I want to hear this.
Literally everyone is now dumber after reading your post that 17 year old company only loses money. Geezus.
Not sure how a business that loses money last for 17 years. You deserve this Billy Madison quote. Do you even know how business works??? They can’t lose money for 17 and still last! Ugh, such a moronic comment!!!!
How much money do they lose? You have a link to that? And appreciate you posting, that means a green is coming!
It’s curling the MACD nicely, while not over taxing the RSI. It’s a nice predicable movement. Technical traders will start feeling more comfortable and jump in.
Now I know you don’t know how to trade. Obviously you should know that’s a feature of a stock that’s shifting from bearish to bullish. So keep playing with fire….
Again, now that the market is closed take a few to watch this video. Then you will understand why I’m saying what I’m saying.
Yah, that’s all the bears have, 232m over 7 months. Very weak. The company has done amazing things with the funds. Other otc stocks do 1b a month and still run. Zero concern. Been doing this for awhile and don’t need to work because of smart investments.
It went red, you posted, it went green. Please keep posting!!
Love all the facts you had in your post. Says a lot about your knowledge. By the way the SEC investigating CDEL and others doesn’t agree with your post.
Happy to hear it’s your last time. Bye.
I don’t understand why people don’t see this. I’ve posted several times how that works. Over the past month the sells that have been an anchor on the bids are 3/5/10k bid fills by the MM’s like CDEL. It’s purely psychological to get people to sell and give up their shares.
This person clearly doesn’t trade. I see what happened too, was clear as day. The technicals in MACD, RSI and stoch all show a bull run coming.
I can tell you don’t trade OTC, otherwise you would know 232m is a joke in OTC. If it was billions like MOST otc’s do I would be concerned. Further what have they done with that money gained? They hired a worldwide know IR firm in MZ, brought on a PR firm, increased inventory, and building out other platforms for even more visibility. Thus, they are trying to increase shareholder value.
Here’s a great video about dilution. I suggest you don’t live and die by it. Just take note and what they doing with it. It’s obvious this company is doing the right things.
Lastly they are less than 200m away from maximum shares anyways. Companies don’t usually push up to max A/S to leave a buffer for true emergencies.
If we can get through the 8’s there’s hardly any resistance in the 9’s. The last few major runs completely jump past most of the 9’s.
I’ve been in this game long enough to know this stock at these level is not the one to be bearish on. Maybe in a couple years, but not this year.
Good post! I do want to add they would be using the money for good use anyways. The inventory has been increasing, brand new website, new PR firm, new IR firm, conducting an audit, and building out their own network outside of EBay. This just to name a few things.
I believe the next shoe to drop will be the audit. To truly attract the big fish they will need this. In the last video the CEO said they are working to get this down soon. With it they can also move up the OTC tiers for even more visibility.
When the reverse merger happened around October/November this ran up 700 percent at its peak, without all the things I said above.
The company is only 200m shares away from maxing out the authorized shares. Typically companies don’t push all the way up to that number. Exciting things are going to be happening soon.
SteveMo you also posted last week “this will be in the 0.005’s” today.
Looks green.
This long overdue. Citadel is one of the most heavily fined MM’s out there. The OTC market was rocking until about mid February, then suddenly, largely everything tanked and was systematically walked down hard! I keep talking about watching price action, and even posted a video from YouTube about how MM’s work. Going forward watch for CDEL. More than likely they are the ones throwing up walls and walking down the bids. I can promise if it’s suppose to be rising yet it’s tanking CDEL is the main driver.
Sell offs and retracements are natural, what’s been going on across the board in OTC is not. Got its OTC, it’s the Wild West. But when most of your stocks rise and fall the EXACT same percentage…come on, don’t be naive.
https://ca.finance.yahoo.com/news/sec-chief-signals-rules-could-181609039.html
Yup, I did already per my post. Was just thinking the more credible people who do the better.
Can you ask MZ about working with Heritage auctions? Myself and another big bull I chat with on Stocktwits have reached out and mentioned some sort of partnership. The ceo mentioned that there will be diversification of platforms this year, that’s might be an option.
So it’s going break through heavy support with the macd curling up to drop 35 percent plus today? Are you a new trader?
Yup. It’s been accumulating in the high 6’s since about April 19th. Technicals show breakout any day.
This guy examples how MM’s work. It’s obvious that they are working it right now to fill their books before a run. They hold it in the 6’s by filling ridiculous 400, 10000 bids at say like 68. You get frustrated “since the stock should be 8 bucks a share immediately”. When you sell into that bid they lowered it too then they fill their larger order.
Now, when the run happens they have a bunch of shares. When it peaks they short and sell on the way down. Not hard to understand. That’s why it’s generally better to invest medium to long term.
I keep saying what the price action, it will make sense after watching this guy.
Green, green, flat this week. Lots of accumulation going on around 69 pps. Big big buys, small sells. Like I keep saying, a run is brewing.
A couple post about dumping shares with zero proof. Their agrument is simple, look at the price! That’s an oversimplification of how pps work. Again, this essentially a new company since October/November. The company ran from .003 to .02 from November to the end of March. That’s hundreds of percent(I believe 500 at a point). What blunted the run? Well several things that I can see. The most obvious is no stock ever goes straight up without coming back down eventually. Sometimes that can be a 66 percent retracement. The sell off happened at the ticker change from skdi to sflm. That’s not unusual.
Now the CEO owns 300m common shares which accounts for a very large controlling portion. Are they saying he’s selling, therefore diluting his ownership this early into his company going public? If not him who’s “dumping”?
What I see is the MM’s like the 69 price. If you watch the price action there are massive buys around that area, mean the float is being eating up. If you don’t understand how MM’s work education yourself by using the internet.
A very very strong support is being built up at this level. The stock is essentially flat(actually up 3 percent the past 5 days). The technicals such as the stoch, macd and rsi point to a run coming soon.
Well it is according to the company themselves in the investor presentation on 4/19 (75m float). Remember, the ceo owns 300m of the common stock alone. I believe you missed the whole point of my post. I’ll simplify it. Treat this as a new public company which started in October. However unlike a truly new company SFLMaven didn’t get to pick the starting pps.
Now look at the graph since that new company has started(November). It’s up, with the exception of the day/week after the name change. That week bears took advantage of the chaos with the change over from SKDI to SFLM ticker. Some people could not trade it for several days as it changed over.
So why is still low? Well clearly it’s not fully out there yet. For example Stocktwits only has 490 followers. That’s fetus level on that website. There’s no buzz on yahoo. The PR about bringing onboard the investor relations/communications firm is HUGE. It’s a well know worldwide company.
If you posted this about this time next year, I would share your concerns. But this is essentially a 5/6 month old public company which is little know at this time. The company fundamentals are sound though since it’s been around since 2004. Going public only helps an already strong lasting company, especially at these pps levels.
https://api.mziq.com/mzfilemanager/v2/d/48d0dcf1-e1ff-48ff-b7c8-a23b748ee7ea/ba465d17-e510-0738-6955-63e9a7b55c2e?origin=1
https://stockcharts.com/h-sc/ui?s=SFLM
https://mzgroup.us/
Understand that SFLM essentially became public in October 2020 by being acquired by SKDI. After the acquisition SFLM CEO became the controlling shareholder by gaining control of 300M of the common share(27percent at the time). The management from SKDI then resigned. Smart business on SFLM part in order to go public, since it didn’t really cost them anything. I’m sure the old CEO still has restricted stock if not common.
SFLM since then has made incredible moves including PR, social media, a new website, a investor presentation(4/19/21). Now they are working with a powerhouse investor relation company known worldwide. Then on 4/24 their attorney wrote OTC market to cement that they are legit and anything that has happened before October 2020 with SKDI has nothing to do with the new company. This gives SFLMaven, a 17 plus old company even more credible in the investor worlds eyes. I’ve included a link for that letter.
What’s my point? Look at the graph since November, it’s a bull flag. This is just the beginning of SFLM story. The float is only 75 million according to the companies presentation. Now look at all the big buys and small sells. Only a matter of time.
https://sec.report/otc/financial-report/280677/Attorney-Letter-with-Respect-to-Current-Information.pdf
If you look back over the chart since November its very bullish. Not hard to see. Every month it steps up and makes a higher high. The MACD is about to meet probably in the next 2 days which will mean a reverse imminent. Again, you just need to look at it back since November. Even though it’s red, nobody is “selling”. If you follow the price action it’s small crap that’s bring it down. For example I saw a 400 bid fill that made it drop 3 percent more. I would be more concerned if it was 300,000 consistently. Let the bears brag now, mark my words, they will be quiet in the next few weeks.
https://stockcharts.com/h-sc/ui?s=SFLM
I hear you, but I like to to show people what bears are about. Trust me I’m in this heavy. There’s a reason I’ve been able to quit my job last several years ago.