Gentlemen
I believe I also owe a few words, and an assurance that my shares are still in safe hands. In fact, I'm ecstatic to report that I've nearly doubled my total position in the last two weeks!
Shamefully, I also raked out about 50k shares in my roth at .94, but literally every cent of that gain went right back in today. I've sold off a recklessly large portion of my portfolio in case these played-out tactics continue tomorrow and next week. This is where I stand.
Upon further review, it actually seems that dh, crawfors, peterpan, jerseyboy, and moneyman have touched on most every topic I was going to discuss. Thank goodness, because I'm completely soured on writing long DD posts on IHUB. I hope the veterans here still afford new investors the comfort that's needed during such times.
I'm surprised at all the negativity. Sure there are things to critique, but don't let emotions that were intentionally manufactured for you get in the way of all the positive things. It's been an amazing year! I invested into IQST a year ago because it seemed like a ridiculous value play if the management team could leverage their existing infrastructure out of the dying portion of telecom and diversify.
What they did instead blew me away!
With unabashed confidence, in the middle of a global crisis, they aggressively expanded into many future-proof sectors. They strengthened relationships they already had, and seemingly found other established companies to collaborate with at will. New and lucrative revenue streams kept getting created out of thin air. They were even able to get out from underneath ALL of the toxic debt without diluting the shareholders to death, even though I'm certain they were constantly tempted to offer many multiples more than they actually did. The speed, execution, and circumstances of this turnaround story are amazing, and it's all in the 10K.
Do not lose sight of this, because it's still only the first chapter.
Management could use suggestions on a few important issues, but they certainly deserve praise and not hate. We've all been scrambling to make sense of the current market environment, and how best to proceed. You may have noticed that it's pretty tough.
The pump, dump, and short campaign against the OTC this quarter has truly been a sight to behold. I've never seen anything like it at such a scale. The goal here has been to exterminate the large influx of retail money pouring in to a stocks, but particularly penny stocks. It's been exceedingly efficient, and I wonder just how many that left for the land of crypto (or back to a job at Wendy's) are gone forever. We will now need a good investment bank for sure to get onto the NASDAQ after this culling.
A lot of us, including me, got caught with our pants down a bit tunnel visioning on the company's growing success. (I went HARD to help get us over a dollar originally) I never zoomed out and looked at the billions pouring into the entire OTC, because it felt so genuine and deserved here. What absolutely horrific timing for IQST! Management must be fuming and flabbergasted.
I've seen every dirty trick imaginable from the market makers. Just yesterday, I tried to take the entire ~150k wall on the ask, and my order sat for 20 minutes before I just canceled it and set up more acceptable limit orders for our new robot overlords. The ask is literally untouchable for days at a time, and this seems to be the bland algo strategy on nearly all of the tickers as they bleed. This sledgehammer approach worked well for most tickers, but here they have only bought us more time to accumulate right alongside them. We will be one of the few who get out of this disaster intact and thriving.
The company has never looked better, even if your portfolio has never looked worse. Either average in some big buys as you get the funds, or take a break from the madness.
I wish you all the best, and it's an honor to fight by your side!
