Absolutely am thinking dollars
The revenue multiple is basic math and not hype, as has been pointed out by a most savvy investor on this board. And for IQST that takes us to $4+ easily.
Well maybe not "easily" because being at all patient in the OTC can be hard for many.
For me the model is another holding company with approximately the same number of shares out and only half the revenue of IQST... You can probably guess which company it is.
Take a look at the trading progression from its BarChart daily history:
I start with pasting Dec. 4 because that matches up closely with our Jan. 26 (yesterday's trading) going into Jan. 27/tomorrow, be assured as I have been following the stark similarity to IQST's pattern for about a month.
12/04/2020
0.4290
0.4570
0.3900
0.4400
+0.0210
+5.01%
2,216,100
12/07/2020
0.4849
0.5200
0.4400
0.5000
+0.0600
+13.64%
3,923,500
12/08/2020
0.4800
0.5459
0.4700
0.5350
+0.0350
+7.00%
3,255,700
12/09/2020
0.5590
0.6400
0.5400
0.5800
+0.0450
+8.41%
6,463,400
12/10/2020
0.6090
0.6200
0.5410
0.6000
+0.0200
+3.45%
4,348,400
12/11/2020
0.6100
0.8500
0.5800
0.8000
+0.2000
+33.33%
8,379,900
12/14/2020
0.8410
1.2000
0.8280
1.0900
+0.2900
+36.25%
15,938,000
12/15/2020
1.1100
1.1500
0.8301
0.8550
-0.2350
-21.56%
9,261,400
12/16/2020
0.8600
1.2400
0.8600
1.1100
+0.2550
+29.82%
8,543,400
12/17/2020
1.2100
1.2100
1.0000
1.0865
-0.0235
-2.12%
2,560,100
12/18/2020
1.1200
1.2000
1.1000
1.1950
+0.1085
+9.99%
2,113,500
12/21/2020
1.2300
2.1800
1.2200
1.7700
+0.5750
+48.12%
11,956,100
12/22/2020
2.0000
2.6700
2.0000
2.5800
+0.8100
+45.76%
12,136,200
12/23/2020
2.6700
2.6700
2.0100
2.4300
-0.1500
-5.81%
7,659,800
12/24/2020
2.4400
3.1500
2.0500
3.1000
+0.6700
+27.57%
6,880,900
12/28/2020
3.4900
4.7900
3.4900
4.4000
+1.3000
+41.94%
11,954,500
Fifteen trading days from today, if you're counting along with me(to $4.79), discounting Feb. 15/President's Day when the market will be closed, is Feb. 17 by the way. Impossible to compare any two stocks like this, you say? OK fine, nobody listens to me anyway. I do agree that a few of the days in this pricing history above a dollar or two dollars would be very very tough non selling days for most.
But on the cusp of so much gut churning holding and holding that needs to go on for the next couple of very exciting weeks, let me be the first to congratulate my fellow longs on tomorrow's 13 percent gain!
Wink wink, nudge nudge!
Signed
Biff BTTF
