iQSTEL Inc (IQST)

[foti1kenobi]

They just announced that an undervalued company is now even more undervalued. I do not see a nearly doubling of guidance as bad news.

$90M for 2022 with intentions to add an additional $80 million to that forecast through the other arms of business seems like good news to me considering the MCAP is sitting at $68M at the moment.
I believe this figure is fluid as most of these deals are constantly being negotiated throughout many subsidiaries. So I wouldn't expect a response until deals are done. Keep in mind it could be more. Last years guidance was beat so they have a history of overdelivering on revenue forecast.
Unfortunately we are in one of the ugliest pullbacks the market has seen in quite some time but this magnifies the significance of finding solid undervalued companies. Even large caps right now are moving like penny stocks. AAPL is down 16% YTD....ever heard of them? TSLA down 28%. FB down 44%. AARK down 60% yearly. I could go on and on. Almost every stock is down some as much as 80%. Blue chip, Dow, Nasdaq, MidCap, large cap, Crypto, good news, earnings beat.....it doesn't matter. Any company with a high multiple is getting gut checked right now.
With all things considered we are holding up pretty good here.
IQST has been doing work, making deals, winning awards and paying off debt in a responsible matter.
I believe the shorts know this thing can rip anytime now and are not willing to risk it. Clearly the bulls know it as well and are holding their shares with both hooves.