Replies to post #30740 on iQSTEL Inc (IQST)

[peterpanwasjusthere]

Knux, your position and critical thinking regarding how the Company handled this process are spot on. It's a hard situation to fully recover from for some - you can certainly put me in that camp sitting alongside you. I will always view IQST through a different lens as a result of how they managed through that share issuance - "suboptimal" would be a generous description.

[foti1kenobi]

I believe this is why the only line on the shareholder letter that was not written with pride was this.

Investment Bank Support: On March 11th, we initiated a series of conversations with Investment Banks to explore partnerships that could support our intended plans to up-list to Nasdaq. The response from potential Investment Banking partners has been overall positive.

In retrospect they realized they did not negotiate the best terms. They adjusted

[Mac2014]

Correct me please, if I'm wrong. I'm happy to learn something new.

The offering had to be approved by the SEC. So when they were selling at the approved price of .10 could they have upped that price without another approval by the SEC, even if they had wanted to, or would they have to stop and request a modification to that price? If so how much time would that have taken? Would an opportunity to get someone onboard they really wanted to work with be lost?

Perhaps, they offered that stock to someone or some company because it was such a bargain, at that time, and therefore a bigger enticement to that entity.

It's possible but, as is the nature of some boardroom dealings, I think that we may never know. Only you know if you can live with that or not. I truly am sorry for your distress.