iQSTEL Inc (IQST)

[moneyman2013]

Thanks Joe. This is the type of information they need to convey to shareholders. I had one of a couple of scenarios in mind for why the SP was falling.
Of course, a prime reason is that the Nasdaq (Tech) has fallen into correction territory, so that can affect all quality companies, and while there are some that are speaking about being on Nasdaq (ILUS as my example) are Pink, so speculation is more important than reality, and those Pink stocks rise when this segment is down because they are speculative.

I wondered if the contract for the $2.75mil included shares, and that portion of the contract was a done deal, and the potential 5.7 mil shares were being dumped into circulation because of that. Again, this is where the company could have easily provided an update on details.

All in all, I am glad this is not company driven. However, I have recommended that management reach out to the SEC to investigate the predatory behavior of groups/MM's for the stock.

I do believe we will get back to solid levels in short order, but it will be a task because there are inevitably going to be a lot of investors who bought in at much higher levels, and they are going to dump out as soon as they hit their break even point. This happens when a stock is repeatedly beaten down.

Thanks for the update! Again, this is good news!

Best to you and all longs! Let's hold tight and help others to realize the long term potential.