Replies to post #21690 on Accredited Solutions Inc (ASII)

[Jack_of_All_Trades]

He obviously lost his ass in the market and now he's out for revenge. Nobody is paying him to be a basher. He's just a pathetic loser with too much time on his hands and now the rest of us are forced to suffer.

But then again no one actually reads his posts so he's essentially wasting his time.

ASII

[misterfishman]

That basher doesn't deserve to be called sir lol.

[Bubae]

Well you are brilliant right? 🙄 So I missed news Friday that IQST is to acquire a 51% equity interest in GlobeTopper. You know Why? because I do not follow IQST. Remember, we were all distracted Friday by the agreement with the non-reporting shell company trading on the expert market. Nice timing right? I will however look into IQSTI a little closer and maybe show up on their board. Thank you for the friendly invite and the lead to this IQST press release. 😅 Unlike you, I do provide links to the information.

Looks to me like the purchase agreement with Globetopper dated October 25, 2024 fell through and ASII shareholders haven't gotten the memo yet. 🤭I was wondering how ASII was going to come up with the $1 million in cash and it looks to me like they didn't. Pay attention to the "...to be secured by the Acquired Interests, ..." segments.

Do you see any mention of Accredited Solutions in that IQST press release? They aren't a factor is likely why. ASII used that deal to heavily promote those leak-out conversions that started in November and runs to May 15th. Was Fridays press release a final grab for the easy OTC retail money before we find out what happened?

I had posted on this board that ASII's press releases boasting about the Globetopper revenue without the context of a balance sheet. That I suspectd that a company selling gift cards was a high cost business model. The IQST press release includes the $190K EBITDA number for the 39.4 billion revenue number. That is a 0.04% EBITDA which is indicative of a very high cost operation. See why ASII, in true fashion for their press releases left that out? IQSTI's deal is for controlling interest with a price tag of $700K and further investment. ASII's deal was worth $3 million. 😆

I'm sorry, what were you saying about my derriere? 🤣 Beginning to see what real due diligence looks like?

I am wondering, does your derriere ever get tired of the shooty spewing from your cakehole. ...

Why don't you throw in that IQST just positioned itself to be a 51% owner of globetopper, a 100% owned subsidiary of asii and how that fits into the mix.

IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook
iQSTEL logo (PRNewsfoto/iQSTEL) NEWS PROVIDED BY iQSTEL Mar 21, 2025, 08:45 ET
https://www.prnewswire.com/news-releases/iqst---iqstel-sets-stage-for-explosive-growth-signs-mou-to-acquire-majority-stake-in-fintech-leader-globetopper-driving-fintech-expansion-and-strengthening-revenue-outlook-302407561.html

GlobeTopper is already a profitable business, with preliminary FY-2024 financials showing $39.4 million in revenue and $190,000 in EBITDA. Under the MOU, iQSTEL will secure a 51% majority stake in GT, with an additional $1.2 million capital infusion planned over 24 months to fuel expansion.

IQSTEL will acquire a 51% equity interest in GT for a total consideration of $700,000.


Membership Interest Purchase Agreement October 25, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/1464865/000147793224006860/asii_8k.htm

Article 1. Purchase and Sale of Acquired Interests.

1.01 Purchase and Sale of the Acquired Interests. Subject to the terms and conditions of this Agreement, the Owner will sell and deliver to ASII, on or before the Closing Date (defined below), certificates representing the Acquired Interests, duly endorsed in blank

In consideration of the Acquired Interests to be sold by the Owner, ASII shall issue and deliver to the Owner, on the Closing Date (defined below), a promissory note (the “Closing Note”), in the form of Exhibit A attached hereto which will provide for the following consideration:

(a)$1,000,000 in cash payable on or before (Date two months from Closing Date) to be secured by the Acquired Interests, the assets of Acquired Company and additional protections set forth therein;

(b)$1,000,000.00 by delivery of 1,000 shares of the Series B Preferred Stock of ASII (the (“Series B Shares”); and

(c)$1,000,000.00 by the delivery of a secured promissory note to be secured by the Acquired Interests, the assets of Acquired Company and additional protections set forth therein.