iQSTEL Inc (IQST)

[Knux]

Not sure how I missed that updated Basile article you shared in this post. Or how I forgot to thank you for sharing it!

Perfectly summarizes the plight of microcap companies for what seems like a decade now. Always unchecked, but the shoe seems poised to drop with so much talent recently going hard in the paint.

I've even referred to the "IR-consultant agencies" as "the sleeper cell" arm of this operation just like he does! Unfortunately, I'm convinced the one we've been saddled with for over a year is a particularly dangerous version. He/it stays on my terror watchlist as some of you may have noticed.

I really enjoyed this podcast with a star OTC lawyer at Basile Great basic-level conversation for the uninitiated on some of these critical topics. And I'm glad it's finally being discussed and explained to retail investors more openly.

All players down here need to have an understanding of these things. Reading a balance sheet, predicting trends, spotting talent...unfortunately these usual means of evaluating a company take a back seat to reckoning with the endemic of toxic convertibles with imperceptible overhang in the background. This is the primary metric, in my opinion, in which someone should evaluate a company down here. And that's sad.

It can and usually does wipe out even savvy executives, great business plans, and promising futures for investors and the economy at large. It's apparently much easier to just force a predatory contract that guarantees super cheap shares along with high rates, snatch all of the money from a company's investors, and laugh/sue as they eventually have no path to survive. When all they were searching for was a little honest start-up capital to attempt a dream of making a positive impact in the world and their own.