iQSTEL Inc [IQST] was up 58.39% at its previous close as it was trading at $1.4600. A volume of 8.76M was recorded in contrast to a 30-day average volume of 5.25M. For the past 52 weeks, the Company’sCompany’s stock value has ranged from $0.05 to $1.4800.
iQSTEL Inc (OTC: IQST) offers leading-edge communications, technology, and fintech solutions for global markets. The company operates in 13 countries. Our services are provided in the Telecommunications, Electric Vehicle (EV), Chemical, Financial Services, and Liquid Fuel Distribution industries.
February 17, 2021, iQSTEL announced that all remaining debt associated with Promissory Notes had been eliminated from its balance sheet. Without any Convertible Notes, Warrants, Promissory Notes, or Settlement Agreements to speak of, the CompanyCompany is now completely debt-free, with the exception of routine operating payables.
Following IQST’s Promissory Note holders’ agreement, the Promissory Noteholders have exchanged IQST restricted common shares for their outstanding commitments.
A Promissory Noteholder has agreed to purchase shares at a price of $0.68 each and that they will be restricted for six months following the date of issue. A year after the deal’s execution, the debt holders can request the issuance of the 2,230,400 shares. In the event each Promissory Note is executed, it will be considered fully paid.
Many factors pose a threat to tech stock prices in the coming year, including high valuations, regulatory risks, and beaten-down stocks’ revivals.
Investors are eager to hang on to businesses that have shown durability even though a global pandemic threatens to ravage economies worldwide. Recently, investors have flocked to uncertain times for increased returns in tech stocks.