iQSTEL Inc (IQST)

[moneyman2013]

Woofer, I’m not sure it’s that they misjudged investor sentiment as much as it is that they are still trying to learn, in my opinion, how to prepare proper press releases.

When you issue a press release that states you have secured $60 million in financing but you do not disclose specific details, that can be worrisome for some. I am still long on the stock and will be for this foreseeable future thru 2023, But I want to know how they plan on utilizing this money specifically and what terms the money was secured under.

As an example if I am going to renovate my home I don’t just go and borrow money and then try and figure out what I’m going to do with it. Instead what I do is I determine what needs to be fixed or renovated and then I know how much to borrow and how it will be utilized.

In our case we need to know why specifically they were getting a line of credit for $60 million…In other words do they have merger and acquisition plans for specific businesses already targeted, if so, say so.

I get the $2.75 million equity portion but would like to know a bit more as to why it is at $60 million and how it is going to be used in specific details like rate etc.

You don’t just borrow $60 million or get a line of credit for $60 million without knowing what specifically you were going to utilize it for. Instead you know how it is going to be used and when, and this is a part of the PR that was missing.

Again folks I am long on IQST…But these questions need to be answered. Hold strong…your day will come