iQSTEL Inc (IQST)

[jerseyboy]

Unfortunately it wasn't at higher share prices, as they only received $.10 per share for selling almost 36 million shares in the first quarter as shown in the excerpt from the statement of shareholders' equity in the 10-Q as shown below:

Common stock issued for cash:

Shares 35,862,500
Amount $35,863
Additional paid-in Capital $3,550,387
Total $3,586,250

They got over $3.5 million, true, but we paid dearly for it, as the new shareholders could easily dump out and make at least a five-bagger, which it seems likely that they did, and which was probably as much to blame for the share price decline and stagnation as any other factor.