iQSTEL Inc (IQST)

[rwa3848]

$2 million at compounding interest of 18% for 6 months (Just over $220,000 of interest) divided by .11/ share does indeed calculate to 2 million shares.

To be clear:
1) $1.5 million deposit was paid when contract signed
2) M2B provides $2million & converts 6 months of compounded instantly interest ($220,000) into 2,030,000 shares
3) of the $5 million owed to Yukon $3.5 million has been paid

Old sec filings were used to assess how many shares are available for IQST to sell before they have to make another shelf registration.