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Sauerkraut Posts' Tone and Vol Indicate IQST Short-Squeeze
How Fun ...
IQST had good revenue news that started some momentum that took the PPS above the 50 day MA. Then some technical momentum joined in and the PPS is continuing to climb on healthy volume.
If this keeps up, next resistance will be $0.21 200 day MA.
Sauerkraut seems to have a lot to say on the contrary. He even calls out Apollo as a potential pumper. I might speculate is short against their convertible position and worried they might have to cover. Yes, Sauerkraut's "suaer" posts sound like they could be a short-squeeze defensive position to me.
$IQST Climbing Above $0.12 50-Day-MA On Volume
https://stockcharts.com/h-sc/ui?s=IQST
$IQST Could Double After Open Above $0.12 50-Day-MA
Tech buyers could add to momentum today driving PPS to $0.21 200 Day MA.
https://stockcharts.com/h-sc/ui?s=IQST
IQST Above 50 MA
If we can get some more market wide news on Monday like today's employment reports, and if maybe IQST could give us some good news on Monday too ... Maybe we could have a day of trading above the 50 MA and that could light the fuse on some real momentum trading.
https://stockcharts.com/c-sc/sc?s=IQST&p=D&b=5&g=0&i=0&r=1685744482278
MWRK Set-Up To Capture Momentum From Streaming-Wars
More news out today on the major entertainment streaming companies fight to reinvent the customer relationship since the subscription model is no longer working.
It was a rough May for media stocks amid fight for profitability
https://finance.yahoo.com/news/it-was-a-rough-may-for-media-stocks-amid-fight-for-profitability-141610342.html
MWRK metaverse entertainment solution presented as an alternative to subscription streaming could really become a momentum message.
IQST Up-List is a Tough-Pill-to-Swallow but Necessary Rx
You are right train. IQST has out grown the OTC. It's still a growth company and growth company's need investment capital. The bigger they get, the bigger their investment capital requirements. IQST needs more money and on better terms than the OTC can facilitate. A reverse split is scary, but if they can get Apollo out of the way first and ideally have a new investor identified subject to the up-list, they can make it work. It's time.
#UP-LIST_IQST_NOW!
IQST PPS Appreciation Opportunity Built On Long-Term Performance-Predictability
Great News Today
Leo pointing out PPS reflects company's future value and IQST's future value potential is getting better because IQST keeps hitting its financial metric goals ... hence you can better predict the future value.
It doesn't hurt that IQST raised its forecast, but the big news is at the end of this PR where Leo points out the future value potential.
IQST - iQSTEL Increases Annual Revenue Forecast To $120M After Record Monthly Sales
Mr. Iglesias commented further: "iQSTEL is transitioning at this time from an early-stage company establishing the foundation for sustained high growth into a more mature operation that consistently produces the type of predictable results we are now seeing regularly. As we continue to deliver on predictable results, we build confidence for even longer-term performance predictions. Long-term performance confidence is the catalyst for share price appreciation. I am optimistic, even in the face of the prevailing market conditions, that our share price will soon better reflect our performance.
https://www.benzinga.com/pressreleases/23/06/n32676915/iqst-iqstel-increases-annual-revenue-forecast-to-120m-after-record-monthly-sales
I am MWRK Optimistic ...
I am thinking MWRK is early on in a renaissance of sorts, evolving from a crypto payment company into a larger metaverse entertainment company. The talent is coming together. New pieces are being assembled and soon we will get explanation of how it all fits into a plan.
IQST Should Publish A Projected Milestone Report
Management talks about achieving net profit by the end of the year.
I think that is too vague and lacks sufficient clarity. Management needs to offer a HOW in regard to the net profit objective.
I'd like to see the strategy to reach profitability laid out in a projected milestones.
First, I think they should talk more about gross profit than net profit. I've said this before. Gross profit is the engine of net profit. The market will tolerate years of net losses as long as the gross profit is respectable and there is a plan to grow revenue.
So, lay out the milestones, the steps, to improve gross profit.
For example, "we plan to pilot product x with a gross margin of y by calendar date z. Product x has a projected gross margin of a%. We anticipate the pilot to grow into production by calendar date c. We intend to expand sales of product x making it d% of overall revenue by calendar date e. With a mix of d%, our overall gross margin would be f%.
Understandably, plans never go as planned and management will inevitably have to amend the plan over time.
Having a plan with projected milestones offers shareholders insight into a HOW the company gets to net profitability.
I think it's better to have a HOW and see the plan amended than to have the plan held to close to management's chest.
Without a HOW, the market is concerned management has no plan.
I remain confident they have one. I just think it's time for them to share it.
MWRK $13-Billion Entertainment Market Growing To $221-Billion
Metaworks has expanded cryptocurrency payment foundation to encompass the Metaverse Entertainment market.
"The global metaverse in entertainment market size was valued at $13.8 billion in 2021, and is projected to reach $221.7 billion by 2031, growing at a CAGR of 32.3% from 2022 to 2031."
https://www.alliedmarketresearch.com/metaverse-in-entertainment-market-A31652
MWRK is putting out regular entertainment market news on movies, concerts etc.
https://finance.yahoo.com/quote/MWRK?p=MWRK&.tsrc=fin-srch
I think they are on to something.
For example ...
7 Ways the Metaverse Could Change the Entertainment Industry
https://www.makeuseof.com/how-metaverse-change-entertainment-industry/
Hedge Funds Hedge ....
The conversion/option price for Apollo is relatively unimportant (within reason).
Even if a PPS is below a conversion/option price, a holder of a conversion/option can short sell and provide their conversion/option as collateral. They don't have to exercise the conversion/option. If the PPS goes down, they can buy in the open market at a lower price and fill their short order.
Hedge funds hedge against their positions and don't necessarily ever exercise their positions.
I doubt IQST is under pressure from Apollo to lower any conversion/option prices.
At the same time, Apollo is likely not inclined to invest more in IQST at this time.
IQST is a growth company and needs investment. So they have to figure out something with Apollo to either get more investment from Apollo or get Apollo's hedge position out of the way.
One clever thing they could do is bring in a new investor and let the new investor take Apollo out.
Anyway, I believe IQST management will figure it out.
What other prejudices do you Harbor?
If you pre judge OTC CEO's, what other groups do you pre judge?
"They can't be trusted like most [fill in the blank]."
MWRK NFT Movie Staring Anthony-Hopkins Shines At Cannes-Film-Fest
https://coingape.com/web-stories/anthony-hopkins-starring-movie-released-as-nft-shines-at-cannes/
MWRK NFT Movie Staring Anthony-Hopkins Shines At Cannes-Film-Fest
https://coingape.com/web-stories/anthony-hopkins-starring-movie-released-as-nft-shines-at-cannes/
MWRK NFT Movie Staring Anthony-Hopkins Shines At Cannes-Film-Fest
https://coingape.com/web-stories/anthony-hopkins-starring-movie-released-as-nft-shines-at-cannes/
IQST Can Go-Up; Everyone Can Have A Happy-Ending
IQST has a strong support base of enthusiastic, activist shareholders.
They recognize IQST strengths (revenue growth, innovation, passionate management) and flaws (gross margin, discounted stock financing, focus creep) and they believe the strengths will overcome the flaws.
Discounted stock financiers (Apollo in this case) and market makers will be discounted stock financiers and market makers. Apollo is going to liquidate stock to earn a profit and market makers are going to short sell stock in front of Apollo in anticipation of more Apollo stock hitting the market.
Apollo and the market makers are relatively ambivalent about what price they do their thing at ... It works at $0.10. It works at $0.20. It works at $2,00 and it works at $0.02. Fortunately, in today's regulatory burdened market, it doesn't work so well under $0.01.
IQST's enthusiastic, activist shareholders believe IQST is under valued and their is lots of evidence to indicate they are right. So IQST's enthusiastic, activist shareholders are countering the Apollo and MM selling pressure with buying pressure.
Everyone can be happy in the end. Apollo liquidates and profits. MM's short and profit. And when those 2 or gone, the buying enthusiasm is unleashed and IQST flys until the enthusiast, activist shareholders find a price where they are happy to take a profit.
Happy ending for all.
IQST's Continued Field Plowing Will Bear Fruit
IQST has a great revenue base. They have also done a great job streamlining costs and maximizing their bang for the revenue buck.
I'd really like to see a more articulate plan to grow gross margins.
Giving them the benefit of the doubt, I think they have a plan, but I think their priority is focused on investment.
Their current primary financial backer is Apollo and Apollo is a discounted stock outfit. No discredit to IQST because that's what's available on the OTC to early stage companies.
IQST, I imagine, is trying to plow through Apollo's past investment and move on to a more strategic (not discounted stock structured) investment.
The PPS is likely to hover where it is until Apollo is out.
Tredenwater - STRRF looks like a promising opportunity. The chart is beautiful. Good volume. I'd like to see STRRF get an analyst report - even a sell side analyst report. I think when a stock outperforms all chart indicators its hard to know where it can go next and an analyst report would be beneficial to the company and its shareholders ... my $0.02, for what it's worth.
MWRK Makes More-News And I Think More-In-The-Hopper
MetaWorks to Launch New Blockchain Based NFT Ticketing Solution at Breathe Convention in Las Vegas
https://finance.yahoo.com/news/metaworks-launch-blockchain-based-nft-162200375.html
More Vol of late and some nice PPS swings. I think MWRK is getting more attention. They seem to have steady news. I think some news will catch here at some point.
Schwab Presents Detailed Time-Line for TD-Ameritrade Integration
https://www.wealthmanagement.com/industry/schwab-presents-detailed-time-line-td-ameritrade-integration
AMZN Took 9-Yrs To-Turn-A-Net-Profit; Shouldn't-Worry-About IQST Net-Profit
Company's go public to raise investment capital.
Publicly traded shares value are determined by a company's potential future value.
Publicly trade shares are liquid. They can be bought and sold.
Early investors can make a profit by investing to improve a company's future potential. Early investors sell their stock long before the company actually realizes its future potential.
If the seed and series A,B & C investors in AMZN had to wait 7 years after AMZN went public to sell their shares when AMZN posted its first profit, then AMZN probably never would have gotten the seed and series A,B, & C in the first place.
We shouldn't be worrying so much about IQST's net profit.
We should be looking for indicators that they can grow into a net profit.
The first big indicator is gross profit and IQST's sucks right now.
AMZN has always had a gross profit over 20% and they have consistently increased that gross profit by adding products with a higher gross margin.
IQST has great revenue and the potential to pull through higher gross margin products to increase its gross margin.
IQST's revenue comes from the telecom market.
Introducing new higher margin telecom products make sense.
EV leverages none of IQST's base business.
Metaverse is a good potential fit for IQST because it can potentially be a higher margin telecom product.
I fear IQST jumped into the EV market because it was hot, not because it was strategic.
I fear IQST jumped into the Metaverse market because it is hot, not necessary because it was strategic.
IQST needs to focus on what makes their core business gross margin grow.
IQST needs to talk with strategic investors about raising funds that will go into making their gross margins grow.
Apollo is a tactical investor, not a strategic investor. Apollo buys discounted stock. They don't invest in the future value of IQST.
On the OTC market, Apollo investors are the norm. Company's like IQST have to use them and try to outgrow them.
The key to outgrowing an Apollo investor is using the investment you get from them to build a demonstrable business model that has a future value.
With a demonstrable business model, company's like IQST have to creatively, entrepreneurially, magically make the leap to strategic investment.
There is no roadmap to the leap. That's how management, CEO's, founders make the big bucks. They figure out how to make the leap when most people can't.
In my opinion, IQST is at the leap cross roads. Does Leo have what it takes? A bullish investment in IQST is a bullish investment in Leo.
While I don't think Leo has figured out how to make the leap yet, I think he's got it in him to figure it out and I can't wait to see what he comes up with.
I think Leo has probably struggled with pressure from Apollo to deliver liquidity and in so doing he has grabbed at shinny things like EV and Metaverse in an attempt to drive liquidity and service Apollo type investments.
It's not easy to quit doing what you know how to do, to do what you need to learn how to do. We're all more comfortable with what we know. New stuff is uncomfortable if not scary.
It's time for Leo to make the leap. Let's encourage him and cheer him on. I believe he's got it in him. Apollo has to go or Leo has to teach Apollo new tricks.
Whatever Leo does is not going to be easy for him or for us. He will have to articulate a credible plan, make us believe and win our trust. He's done a great job growing revenue and improving operating losses and that wins confidence in his ability with me, and trust that he can continue delivering.
Go LEO!
MWRK Files Q12023
Staying current - no red flags - financials don't tell a start up story, but can cause concern. I see no concerns here - just punching the necessary tickets
https://www.otcmarkets.com/filing/html?id=16653948&guid=Hiu-kFUYuTxmB3h
IQST CEO Giving A-Wink-And-An-Elbow Of Something Coming-Soon?
Some key lines, I think, from the CEO shareholder letter ...
"We are facing the same headwinds all growth companies are facing. Fortunately, we have reached a stage of organizational maturity that can at least squeak out some ongoing growth organically if we did nothing but wait for some economic relief that makes growth investment more appealing again. But we are not of a mind to wait."
"I am also optimistic we will find a way to support ongoing aggressive growth through merger and acquisition and the organic introduction of new products and services in spite of a reticent investment environment. "
It's a Monday filing day and EDGAR is no doubt backed up - NT or 10Q, the processing time is going to take a while
Maybe your right
MWRK Continues With Good Vol
The company still seems to be leaning forward in the awareness arena trying to build an audience for there updates and changes ... has my attention.
IQST 10Q Extension Likely
Like many OTC quoted companies, IQST will probably file an extension on Monday and take more time to cross t's and dot i's before publishing Q1 results.
MWRK clearly working-it and that's-a-good-thing
Lot's of PR coming out of WMRK - one or two releases a week and not fluff
Some substantial public filings showing some old investment clean up and prospects for new fund raising at a premium to the current PPS.
A little turbulence over some email PR support, but all the info in the emails proves to be substantiated.
I think MWRK publicizing that everything that they are working on is a good thing, even if they got called on the carpet about it - turns out it's all real anyway.
And the vol us going up. So it's working. More power to them.
IQST needs better gross margins
The fundamentals are great - amazing actually - for a company with such low gross margins. They have to get on growing their gross margins which means new products and services.
They've been quiet lately. I like to think that means they are working on something amazing.
UCASU Management Buy Out On The Table
UCASU Management Intends to Diversify Its Capital Market Strategy
https://ih.advfn.com/stock-market/USOTC/uc-asset-limited-partner-qb-UCASU/stock-news/91003881/ucasu-management-intends-to-diversify-its-capital
UCASU Management Buy Out On The Table
UCASU Management Intends to Diversify Its Capital Market Strategy
https://ih.advfn.com/stock-market/USOTC/uc-asset-limited-partner-qb-UCASU/stock-news/91003881/ucasu-management-intends-to-diversify-its-capital
IQST Alanis Morrisette Isn't It Ironic -
Most of her song misses truly ironic examples only making it as far as coincidence. Perhaps it's just a coincidence a negative toned writer wrote a negative bit about the metaverse.
As far as hemorrhaging employees, META, like the rest of Silicon Valley, is playing the employee per/share price game/revenue game. I'm not sure half the people in Silicon Valley actually work at all. I think they collect pay checks to be a number for stock analyst reports.
I think any product or service that has a higher margin in the telecom space is fair game for IQST. I think they should be doing more of it. Now electric motorcycles? I might agree with you they have wondered outside their lane there.
You build a telecom business, and end up with an electric motorcycle mess; isn't ironic?
MWRK NEWS OUT THIS MORNING
MetaWorks' MusicFX Generates Over 5,000 Digital Wallets During FreakNik Festival Documentary Taping and Selected as Official Ticketing Partner for Upcoming 2024 Event
https://finance.yahoo.com/news/metaworks-musicfx-generates-over-5-111500321.html
$UCASU Cannabis Focus Received Well By Analyst
BUY w/$4.00 Trgt PPS
"The company is rebranding itself as The Ultimate Cultivation Asset, following its expansion into the cannabis property market. Since cannabis is not federally legalized, SEC reporting companies are not allowed to directly invest in the cannabis business, but they can invest in cannabis properties, and this is where UCASU has a proven track record and expertise. The company also changed its accounting method in mid-2022 and has no plans to restate results due to the expense, nevertheless, we expect it to be profitable in 2023. "
https://www.hillsresearch.com/wp-content/uploads/2023/04/UCASU-Initiation-C.pdf
$UCASU Cannabis Focus Received Well By Analyst
BUY w/$4.00 Trgt PPS
"The company is rebranding itself as The Ultimate Cultivation Asset, following its expansion into the cannabis property market. Since cannabis is not federally legalized, SEC reporting companies are not allowed to directly invest in the cannabis business, but they can invest in cannabis properties, and this is where UCASU has a proven track record and expertise. The company also changed its accounting method in mid-2022 and has no plans to restate results due to the expense, nevertheless, we expect it to be profitable in 2023. "
https://www.hillsresearch.com/wp-content/uploads/2023/04/UCASU-Initiation-C.pdf
IQST Warren Buffet Profit Strategy
Warren Buffet says short term forecasts are meaningless. Micro and macro, internal and external economic conditions are going to impact short term performance, but the company that plans for the long-term, weathers the downs and prospers in the ups.
IQST has done a great job growing its top line revenue.
IQST has done a great jot streamlining operations and improving their bottom line, net margin.
IQST needs to either have a better gross margin strategy or do a better job of articulating their gross margin strategy.
Their gross margins are not good. The fact that they can squeak out an operational net profit from their gross margins is commendable, but not exciting from a long-term investment perspective.
Let's see a plan to pull through higher margin products and services to their existing base of customers that account for the current revenue.
They don't have to show gross margin results right away. They just have to have an understandable and credible plan to grow gross margins, and I think the market would react very positively to a $100 million in revenue company with an actionable plan to increase gross margins.
I can see where they might have a plan to increase gross margins, but I haven't seen IQST management actually say that yet.
Still bullish and still hoping they implement and/or articulate a gross margin expansion plan before Jerome Powell stops increasing interest rates. That's when I think the market will turn around, and I'd like IQST to be ready for that.
Metaverse or Web3 or Whatever-you-want-to-call-it is Happening
Ed Zitron writes lots of negative stuff ... his list of articles are mostly judgmental rants about how one thing or another, or someone or another is wrong in someway or another.
Metaverse is a grandiose (stupid) word, but as far as its intended purpose of describing a future, more immersive internet experience, it's not wrong.
People are spending more time online not less. Young people have more internet relationships than real relationships. First boy/girl friends are more and more frequently internet relationships.
A more immersive internet experience is inevitable.
If I had to guess at the future, I'd say the Netflix/Disney+/Prime streaming wars fighting for subscribers that don't exist will drive some of the first notable "metaverse" innovations as entertainment providers try to reinvent their revenue model with a new viewer/user engagement paradigm once they figure out the subscriber model is dying.
I think IQST should double down on their metaverse focus and probably try to do that in the entertainment space.
MWRK S-1 registers shares already issued in previous fund raising. Those shares could alternately be eligible for an exemption to registration. I think it speaks highly of the company to register instead of rely on exemptions. And yes, the S-1 also registers warrants at much higher prices that would result in new funds.
https://www.otcmarkets.com/filing/html?id=16594409&guid=nRu-kq6BxCkHJth
The company has also filed an 8K disclosing a debt settlement.
https://www.otcmarkets.com/filing/html?id=16610122&guid=nRu-kq6BxCkHJth
MWRK looks to me like it's taking the first steps in an updated plan to grow.