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Last S1 April 12 2024
and do not have an established source of revenues sufficient to cover our operating costs.
Here is the link
https://www.otcmarkets.com/filing/html?id=17447237&guid=zBQ-kHlLxdifJth
Going Concern Considerations
Our consolidated financial statements incorporated into this prospectus have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. We have suffered recurring losses from operations with an accumulated deficit of $26,084,133 as of December 31, 2023, and do not have an established source of revenues sufficient to cover our operating costs. These conditions raise substantial doubt about our ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Not saying this is bad news. But usually a sign when news comes out before a filing, The filing is not what people expect. We also have an option waiting to buy in that as B Master stated they would buy in high just not seeing that happening. GLTA.
Have to wait for the 8K, It is supposed to have the details.
This is by far there best aquisition yet as it changes there net margins significantly!! Now they can get a premium for there services!! Power move for sure!!
Where is the money coming from to pay for it.
They dont have enough net income to make more payments like the last one.
In the hole again ?
IQST – iQSTEL Announces Agreement to Add $20M In Revenue and $1M in Net Income with Acquisition of Lynk Telecom
iQSTEL_Logo
NEW YORK, May 10, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced executing an agreement to acquire a 51% membership interest in Lynk Telecom (Lynktel.net).
Lynk Telecom Highlights
• $20 million in estimated annual revenue
• $1 million in estimated annual net income
• Full suite of wholesale and retail telecom services for US market
• Strong US network and commercial presence
• Retail services expansion plan projected to deliver a million dollars in operating net income or more by next year
The acquisition agreed to in the sales and purchase contract executed today is expected to close no later than July 1, 2024 after due diligence is completed. The terms of the agreement call for iQSTEL to buy 51% equity ownership of Lynk Telecom. Comprehensive details will be filed in a form 8-K.
Omar Luna, CEO of Lynk Telecom said, “I'm absolutely thrilled to join the iQSTEL family. The support and synergies that iQSTEL offers are invaluable, and I have no doubt that they will help us double our business in a relatively short period. This partnership is a fantastic opportunity for growth, and I can't wait to see where it takes us.
Leandro Iglesias, CEO of iQSTEL said, “Lynktel is a very strategic acquisition for iQSTEL adding substantial operating and net income in proportion to its revenue base and giving iQSTEL enhanced presence in the US market. Lynktel takes iQSTEL one step closer to realizing our billion dollar annual revenue goal.”
About IQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $120 million revenue forecast. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.
The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Cars.
The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.
The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions. iQSTEL has completed 10 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
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News out
$IQST - iQSTEL Announces Agreement to Add $20M In Revenue and $1M in Net Income with Acquisition of Lynk Telecom (www.lynktel.net) #otc #otcmarkets #nasdaq #telecom #telco #ev #fintech #metaverse #AI #billion #recordbreaking #revenue #acquisition
https://www.prnewswire.com/news-releases/iqst--iqstel-announces-agreement-to-add-20m-in-revenue-and-1m-in-net-income-with-acquisition-of-lynk-telecom-302142170.html
We will tap new 52 week high today $$$ IQST $$$$ 💯
NEW YORK, May 10, 2024 -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing today announced executing an agreement to acquire a 51% membership interest in Lynk Telecom (Lynktel.net).
Lynk Telecom Highlights
• $20 million in estimated annual revenue
• $1 million in estimated annual net income
• Full suite of wholesale and retail telecom services for US market
• Strong US network and commercial presence
• Retail services expansion plan projected to deliver a million dollars in operating net income or more by next year
The acquisition agreed to in the sales and purchase contract executed today is expected to close no later than July 1, 2024 after due diligence is completed. The terms of the agreement call for iQSTEL to buy 51% equity ownership of Lynk Telecom. Comprehensive details will be filed in a form 8-K.
Omar Luna, CEO of Lynk Telecom said, “I'm absolutely thrilled to join the iQSTEL family. The support and synergies that iQSTEL offers are invaluable, and I have no doubt that they will help us double our business in a relatively short period. This partnership is a fantastic opportunity for growth, and I can't wait to see where it takes us.
Leandro Iglesias, CEO of iQSTEL said, “Lynktel is a very strategic acquisition for iQSTEL adding substantial operating and net income in proportion to its revenue base and giving iQSTEL enhanced presence in the US market. Lynktel takes iQSTEL one step closer to realizing our billion dollar annual revenue goal.”
My humble opinion is still Five Bucks and beyond..
Very very soon!! Very soon about to go parabolic boys!!
Lastly, now that iqst is profitable we should have investors lining up to get a piece of those increasing margins right ? Glad we agree!! Now get back to work punk and pump it up !!
Your ignorance and stupidity shows boiler!! See unlike you , Shane, and Joe I have merit when I speak as I have proven my stake in the company!! Pump it up boiler let’s roll!! Where’s your other aquisition you guaranteed us was coming 2 weeks after qxtel? I mean at this point nothing but volume moves this stock!!
I can't tell you what a relief that is. You and the company both might consider the adage "Less is more". Or even better, "Less talk, more action".
Prior to 2018 the company was Private and called Etelix, you were not an investor.
IQST is profitable now and consistantly improving the top and bottom line. So a guy like me saying it's value is increasing, well that's just common sense. I'm not gonna waste any more energy debating it with you.
That shows your pumper come lately status perfectly. This stock changed tickers in 2018 from PSNX (scam) to IQST (??). I still own a very small portion of those shares. Since I have traded this stock when there has been the movement to do so. Not all shareholders go all in, hold and hope for the big lottery win you constantly claim will be coming. (won't)
I won't be going away regardless of any of your childlike "analysis" coming my way or not. By all means keep running from platform to platform pumping and putting your guesses out there for any clueless saps that are willing to leave their money here.
Reply to the message where I said that please, I'd like to see it lol.
And yes, imindog said he took a 100k loss. Stock is up over 100% since he said that.
And Kenny claiming to be trading the stock 6-7 years is interesting since they just went public in 2018.
I need to stop feeding the pigeons or they'll never go away.
I remember 6 weeks ago when that pink boiler said that’s it boys it’s 1 million volume daily from here on out lmao 🤣 !! 93 k in volume today !! With volume like this it has to explode 🤯
And took a loss according to him!!!
Yo Kenny the guy boiler is nothing more than a punk newbie!! He’s been here like a year or two and thinks he has it all figured out lmao!! Straight clown 🤡 that’s for sure!! Be careful he will block you for calling a square a square as he is a bum clearly!! He is making no meaningful impact nor ever will !!
I just posted my shares last week idiot!! Must we do this every week clown? 🤡 dam bum is all you are boiler go circle jerk with shane and joe punk !!
I don't understand your obsession with counting others shares and money but, what is to say he hasn't accumulated a position since? I've bought, sold, and again accumulated a position many times on this stock over the last 6-7 years. At one point I had 20 million shares before the reverse split.
Even if you did know his position (you don't) what would that prove? Why not stick to assisting the company promoting the stock? Let's hope you can be successful.
Imindog (Caleb) sold 11/14/23 see message I'm replying to. SP that day closed at $0.168
As he likes to say, "Facts".
I’m sure it goes parabolic next week!! Probably breaks .75 with the volume like this and huge earnings lmao 🤣
$IQST! I just like the stock. 😉
I am Moving A Lot of Shares From IRA to ROTH Today !! Yessss !!!
Q1 is Wednesday. If you see news Monday it will more than likely be to prop the PPS.
MONDAY......NEWS IMMINENT
get in before MONDSY................................IQST ALL THE WAY
another flop of a day. Hopefully today is different
Everyone does what they want, the only thing I say about LWLG is, just be patient, we will speak again in 2 to 3 months.
changing and RAPIDLY........AT THIS TIME THIS IS ONE OF THE BEST OPPORTUNITIES i HAVE EVER SEEN.....IQST ALL THE WAY
Undervalued 15 years of nothing. Ubiquitous.Lol
A sign of great business management !💵💰💸💯🌶🌶
There are company's out that are out there losing 40 million a year and they're stock price is $16 I know it's hard to compare
They slowed down on all side projects last year to focus energy and capital on telecom. So far it's paid off. They turned profitable last year Q3, and growth has also accelerated. Q1 preliminary numbers put them over 100% YOY growth. And now with the QXTEL acquisition their top and bottom line for telecom this year will see substantial improvements. They plan to use telecom profits to fund their other subsidiaries like EV tho so things could start progressing again soon. Solid move to hold off and avoid funding those ventures with dilution, way better to do it with profits.
Where are the numbers for sales of electric bikes and cars? They been talking about for years ..... ... .
Undervalued based on what?
LWLG annual filing
2023 revenue: 40k
2023 Net Loss: 21 million
2022 Revenue: 0
2022 Net Loss: 17.2 million
Market Cap: 495M
It's kind of the exact opposite of IQST.
They have a nice cash position of 31M, but that would be from the shares they issued last year.
Some kind of tech company making some device they are focused on "testing"? So they don't actually have a proven product being sold on the market yet, hints zero revenue.
No clue what that product could potentially do. But with zero sales, 21M Loss, and their market cap sitting at a 496 million, it better be one hell of a product with solid patents behind it and generating sales soon. Otherwise that $4.17 SP is probably getting pushed lower. We all know hedge funds love to short a stock below $1 to force a r/s and even $1 would still be over a 100M market cap for a company with no sales and major losses.
Again, idk anything about their product's potential, but their financials are shit. If it's undervalued I'd like to know why.
Looks Like a Company IQST Should be Partnered With.
If you want to take care of your retirement, you should buy LWLG, significantly undervalued
Travel and Expenses: Participants are responsible for their own travel and any related expenses to attend the meeting in Washington D.C.
Got a new contest going. If your lucky they will buy you a cup of coffee.
Join Our Exclusive CEO & CFO Coffee Chat Contest!
iQSTEL_Logo
Dear iQSTEL Shareholder,
We are excited to announce an exclusive opportunity for you to meet with CEO Leandro Iglesias and CFO Alvaro Quintana over coffee. This intimate gathering is scheduled for May 13, 2024, at the Gaylord National Resort in Washington D.C., just before the International Telecoms Week (ITW) 2024.
Here's Your Chance to Participate:
We invite you to share your iQSTEL journey and tell us why you are a dedicated shareholder. Your stories are important to us, and we look forward to hearing from you.
Contest Details:
Date: May 13, 2024
Location: Gaylord National Resort, Washington D.C.
Duration: Approximately 45 minutes
How to Enter:
Please send your submission directly to our designated contest email: investors@iqstel.com. Your entry should include a brief narrative about your experience with iQSTEL and your vision for our future together.
Why Should You Join?
This event is a rare opportunity to discuss our company’s strategies and developments, ask questions directly to our top executives, and gain insights into the future of iQSTEL. It’s also a perfect occasion to network with fellow shareholders and celebrate our mutual commitment to iQSTEL’s success.
Additional Information:
For complete contest rules and more details, please visit https://tinyurl.com/iqstel2024
We value your support and enthusiasm for iQSTEL’s journey. This meet and greet is a token of our appreciation and our way of connecting more closely with our shareholders.
We look forward to your participation and to an engaging conversation over coffee!
Best regards,
Brad Listermann
IR Director, iQSTEL Inc.
https://www.iqstel.com/largest-customers/
With All These Companies that they are
Involved in,,,, Can't Believe We Are Where We Are !!
I have around 400,000 Shares scattered Between
288,000 ROTH some in Regular IRA
and Some in Brokerage Total = around 400,000
This Stock is my Last Resort Now For Retirement!!
I Lost alot thru the Years and HOPE This is My
Final Resort to a GREAT Starting Company !!
The first six months will be 27 million, the next 37, then I will arrive at 384 million,,without new acquisition. IQST will in any case rise to at least 1 dollar
The first six months will be 27 million, the next 37, then I will arrive at 384 million,,without new acquisition. IQST will in any case rise to at least 1 dollar
Spoiler alert... lol I'm actually planning to discuss exactly that with the CEO and CFO in DC next week. Potential options if the share price has not reacted to the improving financials after the 2024 10k next spring. There are alot of things they can do to spread awareness to new investors and bring some hype and buzz around the stock if they decide it's worth spending a little cash on. I want the conversation going now so there is plenty of time to discuss and research which options would potentially provide the biggest bang for the buck instead of being a quick decision not well thought out and planned in advance.
From a fundamental value perspective... In theory, a dividend would be a worse use of capital than a buy back. At a 60M market cap, just like using 2M cash to buy back shares adds roughly 3% value, using 2M cash for a dividend is about a 3% payout. Difference is, the dividend is a one time deal. In theory, in a perfect world, the share price should increase 3% in antication of the dividend and then decrease 3% after the dividend has been paid, anything more would be a market over reaction not based on actual value. It does nothing for investors or valuation after the fact. Not unless there was an expectation that they would be paying dividends regularly going forward, but they have been clear that's not the plan. Capital will be used to continue growing and improving the business, which adds significantly more shareholder value than buy backs or a one time dividend. A much better and more sustainable long term plan.
But again, just like buy backs, it could cause the stock to pump so I'm not saying it isn't worth a try. But it very well could be wasted money and if they were spending all their cash on pump tactics for the stock price instead of reinvesting in the business, I would be out. That's the path alot of OTC companies choose, pump the stock, but ultimately the business performance and the financials are why they never succeed. The caviot though, is that a higher share price does allow you to raise more capital with fewer shares having to be issued. So it can have a larger impact on shareholder value than just the up front measurable amounts I described. Which is why I would be OK with them trying something like a buyback or special dividend, just not over doing it with every dollar going towards pumping instead of improving the business itself. I still believe it won't be necessary as long as 2024 is in fact profitable and does stay on track for over 100% growth. Very few companies of this size have ever been able to accomplish that level of growth without losing tens of millions to do it.
I say let this year play out and if the SP hasn't reacted, I'll personally discuss alternative plans with management and get all the ambassador's involved to push for something we agree on as a whole. They will listen if that's the case.
And what about a dividend of 0,01$?
165 000 000 shares X 0,01 = 1 650 000$ = net profit from 1 quarter...
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