That hilarious. The IQSTEL press release is very specific and says nothing about Accredited Solutions (ASII). NOTHING! IQSTEL talks about working with GT's management and infusing $1.2 million in capital in the next 24 months. Hmmm, I guess somehow Accredited Solutions is just soaking up some free gravy there? 😆 IQSTEL boasts about a $700K of which Globetopper receives $500K of IQST shares to be held for six months, sound like restricted shares. Nope, not a mention of Accredited Solutions again. See the statement "About GlobeTopper (GT)" See any mention of Accredited Solutions owning anything?
One thing is for certain, ASII owed shareholders an explanation last Friday about this deal rather than the BS merger deal and NASDAQ up-list with a non-reporting shell company trading on the expert market to sell those weekly conversions. IQSTEL didn't come up with deal on Friday so ASII has had plenty of time to inform shareholders of the situation with GlobeTopper. Good luck trying to defend Accredited solutions with your conjecture riddled post. You have been here a while and didn't know to bail last Friday? 🤣 We will likely see the IQSTEL 8K tomorrow. I bet this ticker will be selling those conversions at 3 like crazy tomorrow. 🤔
“iQSTEL (OTCQX: IQST) has announced the signing of an MOU to sell its 75% stake in itsBchain to Accredited Solutions (OTC: ASII) for $1 million. The transaction structure includes $500,000 in ASII preferred shares and $500,000 in ASII common shares.”
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 partner closely with GT's leadership, developing a targeted business plan aimed at scaling operations,...
About GlobeTopper (GT) GlobeTopper (www.globetopper.com) is a leading fintech company specializing in advanced B2B Top-Up solutions, enabling seamless cross-border financial transactions. With a solid track record and a scalable, profitable business model, GT is poised for exponential growth under IQSTEL's leadership.
The details of this MOU will be disclosed in an upcoming Form 8-K filing.