Just checked on why iqst moved up. It was nice news today.
IQST - iQSTEL Eliminates All Convertible Debt In Preparation To Up-List
New York, NY -- January 12, 2021 -- InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC: IQST) today announced eliminating all derivative liabilities including convertible debt and warrants. The exchange of derivative liabilities into standard commercial promissory notes bearing 10% interest includes an overall reduction of debt. The balance sheet improvements are intended to enhance the company’s current efforts to up-list onto a major exchange.
“As we prepare for a potential up-list onto a major stock exchange, we recognize the importance of a strong balance sheet in order to maximize shareholder confidence. We look forward to further optimizing the company for the up-list process, and will continue reporting our corporate progress to shareholders,” commented Leandro Iglesias, iQSTEL’s CEO. “We anticipate the current elimination of the derivative liabilities to have a very positive impact on our Q1 financials. With the confidence of our shareholders, management intends to further reduce outstanding debt to a minimum over the next months.”
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