iQSTEL Inc (IQST)

[rwa3848]

The likely auction of infrastructure & technology assets of crge by Arena is a bit concerning because of the similarity in terms for the respective financing agreements signed by both iqst & crge. Crge has stated if it remains solely a telecom, then it's business has significant going concerns (likely because it's product portfolio is becoming antiquated and uncompetitive---unless it's losses result from covid related ACP benefits for the poor). Anyway, if I were to speculate about an acquisition target, it would be crge but I'd expect work on the buy to take most of the year, require growing quarterly profits, satisfying the lending objectives of current financiers, & the lda bonds. Crge telecom revenue is $100 million/ quarter.