Replies to post #20584 on iQSTEL Inc (IQST)

[jerseyboy]

So 173,295,932 after the offering less the 21,000,000 that were converted into preferred in the filing made yesterday after the bell subsequent to the filing referred to below equals 152,295,932 outstanding, which multiplied times yesterday's closing price of $.27479 yields a market cap of $41,849,399, which is less than one times 2020 sales. That's a pretty cheap valuation for a company listed on any exchange. Of course, then the question is how efficiently and effectively management can use the $4,480,000 in proceeds from the offering, for which I am betting they have a comprehensive plan laid out.