Friday, May 10, 2024 9:37:16 AM
Either way, I'm excited it's a US business and even has retail customers. This could be a game changer for the company.
As for payment for the company, considering it's a US company I would think the owners are in the US and therefore more familiar and involved with the US stock market meaning they will be more inclided to review and potentially accept the majority (if not all) of their payment as a stake in IQST. Especially at this valuation and having been able to review IQST's books from the inside as part of the DD both companies perform.
QXTEL cost 5M, I would imagine this company will be similar since their net incomes are about the same. I'll have to review and confirm the details, but I believe Yukon Rivers was offered part of their payment for QXTEL in the form of IQST shares at a 20% discount from the VWAP. SP will probably be significantly higher by closing date July 1st, but even at today's trading range, say the VWAP and 20% discount puts them at receiving shares around .30 that would be something like 5M payment / $0.30 = 16.7M shares as kind of a worst case scenario. I would expect much less, but even if it turned out that way, it would only be a 9% increase is shares in exchange for adding a profitable US company. The value of expanding their US presence, especially to retail customers, is worth significantly more than that to me so I view this as an extremely good move and am not at all concerned about what the financing terms will be. I believe there is very, very little chance I read the 8k and decide I'd rather they not buy this company. But I do expect bashers to bash no matter what the purchase terms are. They're already blowing up boards saying "how will they pay for it" lol. It'll come with some new shares being issued one way or another, but it'll be value added for shareholders or they wouldn't be buying it. The company's future just got so much brighter IMO.
Recent IQST News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 01:14:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:04:40 PM
- 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
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