Flaws in your assumptions? IQST does noth have revenue of 1 billion dollars. It only owns 51% of several of its most important subsidiaries. Even if the published revenues this year will reach 400 million dollars IQST shareholders may not own much more than 250 million dollars of that revenue. It is therefore quite misleading now to refer to IQST as if it had reveues of one billion dollars as an acquisition target. To reach revenues of 1 billion dollars owned by IQST shareholders in a year or two IQST may have to more than triple its revenues while it is still losing money. If the acquisitions are barely¨ breaking even or worse it may not be easy to change that to decent profitability. If the acquisitions are decently profitable IQST may have to issue a lot of more shares to acquire them.
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