Tuesday, February 13, 2024 2:26:37 PM
We understand and acknowledge the concerns raised regarding the recent financial instruments we've implemented, specifically the options agreement and the convertible note. Your trust in us is paramount, and we aim to provide clarity and reassurance regarding our strategic decisions.
Firstly, it's important to clarify that the note in question has a 12-month maturity, not six months, marking it as bridge financing aimed at supporting our rapid growth and strategic acquisitions. A critical aspect of this arrangement is our obligation to file an S-1 registration statement, with a deadline set for January 2025. This requirement is a standard procedure, designed as a safety net rather than a predetermined course of action.
Our confidence in our ability to repay the note, thereby avoiding conversion, remains unwavering. The registration is merely a precautionary measure, not an indication of our intent to dilute shares unnecessarily. The option agreement, offering a 30% discount to the market price, not $0.11 as perceived, provides us with flexible capital for opportunistic acquisitions that align with our growth trajectory.
We recognize that sometimes misconceptions about these instruments can have an impact on market sentiment and, ultimately, our shareholders' value. Our commitment to utilizing these options judiciously, ensuring any action taken is gradual and considerate of market dynamics, is unwavering. For a company of our scale, with a revenue projection in the quarter-billion-dollar range, the involved shares represent a minimal fraction of our overall financial strategy.
Our decisions, including this financial maneuver, are made with long-term growth and shareholder value at the forefront. We anticipate future announcements and developments will shed further light on our strategic direction, reaffirming our commitment to responsible growth and value creation.
We thank you for your continued support and understanding. Your trust is the cornerstone of our success, and we remain dedicated to navigating our growth path responsibly and transparently.
Sincerely,
IR Director
iQSTEL
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