Wednesday, July 13, 2022 6:11:38 PM
For now, generally, I think it would be better to consider a spinoff only after IQST stock might make it to Nasdaq. But if/when that happens, I'm not sure a spinoff would be needed, that is, if they are just finding ways to get to Nasdaq. Bottom line to me is if EVOSS looks good enough to stand alone, then if we knew more details about the division that might get us to Nasdaq, or at least help a lot.
Of course a spinoff can be a good thing. If done, ideally, in time shareholders would own two stocks and each worth more than the original left alone.
I'm just not sure what they are seeing that we don't see in EVOSS and otherwise, but right now I'd rather see IQST stock make it to Nasdaq by any and every means possible. Taking parts away doesn't seem to be a way to help that goal. Of course a lot can change quickly if milestones are reached or if any major new news drops. Maybe if I had their knowledge a spinoff would look very timely.
In other notes, I liked today's letter. Lot's of good information and updates. Still could be more, but good to hear:
- Fiber deal still in consideration
- Another telecom acquisition being considered
- Finding ways to make EV motorcycle better (presume more ready for U.S. market)
- Expect EV orders in Q3, Revenue in Q4
- Expect IoT revenues in second half of year (that's new!)
- Start marketing IoT to the mass market (of this industry). This implies that they believe the product is ready for the market.
- Fintech and MNPA seem to still be works in progress, but said news coming
-Still expect positive Net Income for 2022
We should be about a month away from Q2 report. Q3 will include full months of Whisl and Smartbiz. I hope to see at least some modest margin improvement, and it appears that the pieces are coming into place to allow that. If that happens and combines with any other organic improvements it should really help transition the company.
Traded today close to half of expected FY 22 sales, in an industry with a typical 1.43 price to sales ratio. And that doesn't even include the non-telecom divisions.
https://csimarket.com/Industry/industry_valuation_ttm.php?ps&ind=905
Recent IQST News
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:56:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:19:27 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/13/2024 04:40:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 03:47:57 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/08/2024 02:18:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 08:37:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 05:28:56 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:58:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 09:24:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:26:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:22:44 PM
- IQST - iQSTEL and QXTEL Announce a Deal To Become Quarter Billion Revenue Corporation • InvestorsHub NewsWire • 01/22/2024 02:56:12 PM
- Will Acquisition News Send Shares of this Telecom Firm Higher? • AllPennyStocks.com • 01/22/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 05:11:18 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/28/2023 08:29:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 05:12:58 PM
- Company Preparing for Uplisting Announces YTD Results • AllPennyStocks.com • 10/19/2023 03:50:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/28/2023 04:15:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2023 08:04:54 PM
- IQST - iQSTEL Signs $10M Term Sheet with LDA Capital to Back Nasdaq Uplist Plan • InvestorsHub NewsWire • 09/13/2023 02:03:11 PM
- IQST - iQSTEL Announces $83 Million YTD Revenue Besting Forecasted Rate • InvestorsHub NewsWire • 09/07/2023 01:22:35 PM
- IQST - iQSTEL Engages First Prospects For AI-Enhanced Metaverse App V1.2 • InvestorsHub NewsWire • 08/29/2023 04:57:24 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/25/2023 08:54:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 05:40:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2023 08:46:36 PM
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