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Belg

02/03/22 9:59 AM

#37664 RE: sand #37662

Almost...
I am now happy to announce that the iQSTEL Independent Board of Directors (BOD) has authorized management to engage with such an investment bank.
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peterpanwasjusthere

02/03/22 10:00 AM

#37665 RE: sand #37662

My read of the tea leaves is the IBank is ready in the queue to be contracted and hired. I wouldn't put it past this IBank to have friendly groups active in IQST shares in some form or another (ie, derivative type arrangements) as they set the table for 2022. Fees alone are unlikely to line their pockets with what they may ultimately feel they can gain from working with IQST. For IQST's BOD to act, I expect they know who this IBank is and approved the relevant terms of engagement.

Regardless, I believe this is good for IQST longer term and a necessary step - provided this is a reputable IBank - for the stock to meaningfully appreciate and finally obtain successful listing on NASDAQ.

Putting aside all of the fluff PR that Leandro and his team issues, this - to me - is the most important statement issued by the Company in a long, long time.

I'm now of the strong view that the buy window to purchase IQST as these price levels is going to end in the near term. I now have belief in the two items I prioritized the highest for me to lock and reload on IQST stock: (1) confidence in exceeding $100MM in revenue for 2022, and (2) an IBank on staff (subject to confirmation it's a reputable shop).

Locked and loaded.

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PaPaGriz

02/03/22 10:40 AM

#37672 RE: sand #37662

It's my understanding that management will come to the board a couple times for something like the IB. 1st to start the search and last to present the terms for approval. The announcement, to me, sound like the latter.