iQSTEL Inc (IQST)

[snow]

Boiler The way I see it certain accounting standards can lead to misleading impressions. It is not without importance if a holding company owns 100% or 51% of a subsidiary. That is so obvious that I see no point in defending this position. I don't claim that IQST does not comply with the accounting rules. What I claim is that the impression that is communicated is misleading to investors. It is true that IQST controls subsidiaries even if it only owns 51%. But that is hardly what matters most for shareholders. What matters more is who receives the dividends. If IQST owns 51% of a subsidiary it only receives 51% of any dividends paid by that subsidiary. It would have been grossly unfair to those who own 49% of the subsidiary if IQST received all the dividends.

My view is that you are here with the agenda to mislead shareholders. The fact that you give the impression that it hardly matters that IQST only owns 51% of some of the subsidiaries suggests that this is so. I currently owns 65,000 shares in this stock. I would be delighted if it started making a lot of money. But I am interested in what matters the most -what the bottom line is and what it is likely to be in the future. We disagree about the latter.

It is generally accepted that the competence of management is extremely important. Based on what I have read here the current management has demonstrated over a number of years that it quite mediocre.