What's up guys in this video I want to
discuss some very interesting penny
stocks that have a lot of potential at
the moment and are progressing towards a
bright future. These companies all of the
same major upcoming catalyst all of
these have set in motion their plans to
uplist the nasdaq in the very near
future. So if you find any value in this
video can you kindly tap that like
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get into today's video.
The first company on the list is
iQStel.
iqstel is a us-based technology
company offering leading-edge
telecommunication and technology
services for global markets the company
is traded on the otcqx
ticker (otcqx:iqst) the company is a fully
reporting penny stock with fantastic
corporate governance and independent
board of directors at an audit committee.
iqstel offer leading edge services
through its two
business divisions and each of them with
independent brands
the b2b division brand
iqst
telecom offering telecommunications
internet of things technology and
blockchain platform services
the target market for the b2p division
is global markets.
The business to customer division
offers EV electric motorcycles fintech
ecosystems the target market for the
business division is latin america and
the spanish speakers in the us
during 2021
iqstel announced that it became a
debt-free company and is now completely
debt-free with no convertible notes
warrants
promissory notes or settlement
agreements from its balance sheet
iqst business strategy is to develop
their business with high margin and
ebitda contributions in areas such as ev
internet of things technology fintech
and blockchain solutions
this approach will make
iqstel one of the leaders
as a one-stop shop for high-tech
services and their customers include
major world corporations
such as verizon vodafone and t-mobile
iqst last week announced reaching 58
million in revenue year-to-date as of
november 30th and management now expects
to exceed its
60.5 million dollar revenue forecast
for 2021 and is revising the forecast
upward by approximately 4 to 63 million
let's remember for one moment that the
market cap of this company is only about
70 million dollars right now
we are pleased with the ongoing growth
of the iqs
tell telecom business and with the
pending acquisition of smart biz our
preliminary revenue forecast for our
telecom business alone is 80 million
dollars as pleased as we are with 2021
financial results we expect financial
performance in 2022 to be even better we
expect our consolidated
positive net income trend to continue
improving quarter of a quarter
so this is fantastic and i might have
forgot to mention that this company has
an m&a strategy and an uplist strategy
that they announced earlier this year
when they were a pink listed stock
following on from our progression from
otc pink to otcqb and then qx we
continue to make ongoing progress
regarding our reporting and oversight to
improve transparency for shareholders
and in turn improve shareholder
confidence the iqstel independent
board of directors gave the mandate to
management to initiate the nasdaq
uplifting process with the objective of
achieving a listing on nasdaq in the
first half of 2022 and management should
proceed to close open deals
on our m a campaign to be included in
the uplifting milestone so this is
phenomenal
this company has gone through all the
stages through the otc
and have all the regulatory requirements
already in place for the nasdaq up
listing
this is rare to see in an otc company
looking at the company's balance sheet
they have total assets of 7.5 million
and total liabilities of 4.1 million of
this 1.2 is made up of cash and cash
equivalents
there is 1.5 million of goodwill arising
from an acquisition but even without
this they still have in excess of 6
million in assets
this gives the company a very strong
balance sheet that is a huge improvement
from the previous year where liabilities
outweigh assets
looking at the income statement they
have revenue for the quarter of 16
million and over 46 million for the year
so far giving iqst a total loss for the
year of 3.1 million
but less than 200 000 of this loss is
attributable to the latest quarter which
backs up management's views that they
expect to turn profitable in the next
quarter personally i think that this is
a fantastic little company
so if you would like to hear more about
this company drop me a comment down
below and i will look into doing a full
due diligence video about iqs tell
the second company is (OTC: ILUS)
international
ilus international is an m&a investment
company operating out of new york london
and dubai focused on adding shareholder
value by innovation and globally
orientated growth with the mission to
acquire businesses in technology
engineering and manufacturing space
worldwide with strong management and
potential to grow rapidly with the
ability to benefit from
cross-pollination of territories
products and skills from other group
companies so far this year ils have
acquired several companies that are
aligned with the company's overall goals
they have a top class management team
who have backed up everything they have
said they would do
yesterday ils announced an update that
they have made significant progress on
the much anticipated european deal which
has now been approved at european
government level and the first phase is
awaiting sign off following standard
administrative procedures during the
first phase (otc: ilus) is acquiring a large
manufacturing site from the government
for the manufacture of its commercial
electric utility vehicle range and
component parts for supply to the ev and
renewable energy industries
ils have just began due diligence on a
potential asian acquisition with annual
revenue exceeding 30 million dollars
this is in addition to the three
companies acquired in the first two
quarters of 2021 one in the uk and two
in the middle east during q3 and q4 iola
signed pre-contract agreements
for the acquisition of three companies
in the united states and more recently
with a uk-based group of four companies
which it is due to announce soon
on top of this ILUS is conducting due
diligence on the acquisition target with
consistent annual revenue of more than
100 million dollars with this
acquisition forming part of its nasdaq
uplist plan
a recent update from ceo nick link
states our nasdaq uplifting plans are
already well underway and have been for
some time we have a team of attorneys
and experts with a successful track
record who are working on it
we feel it would be best to deliver
on the first stages of our acquisition
strategy before gradually discussing
more regarding our up listing
ultimately we will present the full plan
to our shareholders at our annual
shareholders meeting in january but
first the company is confidently aiming
to complete the transaction of at least
two out of three acquisitions before
year-end although possibly before
christmas
for more details about ilus international check out
other ils videos on this channel no
company has been covered on this channel
as much as (otc:ilus) over the past eight
months
finally we have ascent solar. ascent was
formed to commercialize leading egg cigs
photovoltaic technology and flexible
plastic substrate a since unique
monolithic integration process enables
the highest level of efficiency
durability and weight savings
representing the potential to transform
the way solar power can be used in
everyday life ascent is targeting
both existing and emerging defense
consumer electronics and aerospace
applications their mission is design
develop and manufacture the ultimate
solar technology and power solutions for
remote locations and extreme
environments with the vision of
delivering clear and innovative power
solutions for everyone everywhere ascent
is the only manufacturer commercially
producing sig solar on a plastic
substrate with monolithic integration a
key differentiator that they say puts
them ahead of other solar manufacturers
sigs technology is very versatile and
can be integrated into the wings of
unmanned aerial vehicles on the sides of
satellites or carried in the packs of
deployed soldiers their solar technology
will not crack or shatter upon impact
and continues to operate in cloudy or
overcast conditions even if the panels
get damaged their technology allows for
flow of electricity around the damaged
area it has been a very difficult few
years for ascent solar they nearly went
bankrupt they sold the premises they
laid off the majority of their staff
cut production and deluded shareholders
to try to survive and they would have
gone bankrupt too only for a buyout by a
german billionaire late last year
and since then the company have had
several series of funding however in may
ascend completed delivery of a major
contract to supply its newly designed
hyperlite thin film modules this
contract is by far the single largest pv
sales contract in the corporate history
of ascent solar management hope that
this contract is only the tip of the
iceberg as the project if successfully
launched is expected to be rolled out on
a much larger scale in the future. Ascent
have also taken part in the space flight
demonstrations with NASA and
participated in us special operations
command technology experimentation
earlier this year
before receiving a defense
tech connect innovation award and
finally last month the company has
initiated the process for
proposed reverse stock split including a
proposed uplisting onto the nasdaq the
company expects that the reverse split
would become effective before the end of
the year
and at a ratio of between one for one
thousand and one for ten thousand
following the implementation of the
reverse split the company intends to
apply to uplist the chairs to the nasdaq
capital market management strongly
believes that the reverse split is
essential to continuing the company's
turnaround process
now if you follow my channel ascent
solar is a company that i was bullish on
earlier this year because i like the
technology
it has been a very difficult year and
the share price has plummeted and i
expect that although the share price
will probably continue to fall after the
reverse split this might provide a
buying opportunity the current market
cap of ascent solar is only about 77
million dollars so guys that brings us
to the end of the video if you've
watched all the way through you are a
true legend and i would really
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