Alvaro Quintana, CFO of iQSTEL, recently addressed the company’s up-listing strategy. The critical path to an up-listing is IQSTEL’s share price. iQSTEL must sustain a minimum bid of at least $2.00 to qualify for a NASDAQ listing. The company’s management team and independent board of directors believe iQSTEL has the potential to organically achieve a minimum share price to support an up-listing. In other words, they believe iQSTEL’s share price, global economy, and market conditions permitting, can increase to over $2.00 without necessitating any recapitulation of the company’s share structure.
Quintana stated that the company’s operational performance is not holding it back from reaching a minimum listing price. Instead, he believes that the overall prevailing market uncertainty accounts more for the current IQSTEL price than does IQSTEL’s operational performance.
This news is important for shareholders of iQSTEL as it gives them insight into the company’s plans for an up-listing. If iQSTEL is able to up-list to the NASDAQ, it might result in a significant increase in shareholder value.