iQSTEL Inc (IQST)

[peterpanwasjusthere]

Call me wary - I'm in full blown "show me" mode with Leandro and his team.

Taken on face value, the Company's tweet of "IQSTEL Stockholder Equity Can Grow From Current Est $1.5 Million On Track To $5.5 Million Without Us Spending Any Cash – NASDAQ Requirement Is $4 Million" can mean a few things as it's very vague. This would potentially include the Company selling incremental equity of $4 million (as they wouldn't technically have to spend cash) to raise additional cash and increase stockholder equity while also increasing the Company's outstanding share count. If they sell more equity at $3 per share, I'd wave it in as it would be accretive to my shares. If they sell more equity at 10 cents per share, I get further diluted on a massive scale.

This tweet raises as many red flags for me as anything else.

Previous actions have consequences, and my goodwill quotient with IQST is dramatically suppressed.