Bubae
41 minutes ago
GlobeTopper doesn't fit into both companies. ASII rescinded their purchase agreement for the $3 million GlobeTopper acquisition and iQSTEL entered into an agreement to purchase 51% of GlobeTopper for a $700K agreement. People are confused because ASII hasn't made a public statement. That would put a damper on their weekly leak-out debt conversions would it not?
ASII also didn't announce the BChain deal with iQSTEL. We learned of that again from a iQSTEL press release to their shareholders. So what is the relationship between Accredited Solutions and iQSTEL? Looks like iQSTEL was quite happy to unload that cash burning start-up at a profit on ASII complete with a $250K penalty if ASII doesn't execute. Now last Friday we learn that ASII intends to divest itself into a non-reporting shell trading on the expert market. All this news makes ASII share price go up with volume? While they are converting debt weekly?!? It must be the special sauce.🤣The iQSTEL stock? It has traded down since the March 12 BChain announcement. 🤔
I'm lost as to where globe topper fits in with both companies???
This Memorandum of Understanding ("MOU") is entered into as of March 19, 2025, by and between:
- iQSTEL Inc. ("iQSTEL"), a Nevada corporation.
- Craig Span (“Seller”). the sole owner of Globetopper, LLC
https://www.sec.gov/Archives/edgar/data/1527702/000166357725000081/ex99_1.htm
6.7 ASII Approval & Transaction Context
• ASII formally approves and supports this transaction and agrees to be a Party to this MOU. ASII further agrees to execute any documentation reasonably requested by Seller in order to memorialize Seller’s 100% ownership interest in GT and confirm the termination of any existing agreement between GT, Seller and ASII.
• In turn, Seller and GT (as applicable) agree to terminate any existing purchase agreements between Seller, GT ownership or assets and to release ASII from any existing obligations there under.
IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook
NEWS PROVIDED BY iQSTEL Mar 21, 2025
https://www.prnewswire.com/news-releases/iqst---iqstel-sets-stage-for-explosive-growth-signs-mou-to-acquire-majority-stake-in-fintech-leader-globetopper-driving-fintech-expansion-and-strengthening-revenue-outlook-302407561.html
QSTEL's Investment Proposal:
Equity Acquisition:
IQSTEL will acquire a 51% equity interest in GT for a total consideration of $700,000.
Payment Structure:
200,000 in cash, distributed as follows:
- $100,000 on July 1, 2025, or upon execution.
- $50,000 on August 1, 2025.
- $50,000 on September 1, 2025.
$500,000 in IQSTEL common shares, subject to a six-month holding period.
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.
IQST - iQSTEL Announces Strategic Sale of itsBChain Subsidiary, Plans to Distribute Stock Dividend to Shareholders as Part of Nasdaq Uplisting Strategy
iQSTEL logo (PRNewsfoto/iQSTEL)
News provided by iQSTEL Mar 12, 2025, 08:00 ET
https://www.prnewswire.com/news-releases/iqst---iqstel-announces-strategic-sale-of-itsbchain-subsidiary-plans-to-distribute-stock-dividend-to-shareholders-as-part-of-nasdaq-uplisting-strategy-302399201.html
iQSTEL has strategically monetized itsBChain, a pre-revenue subsidiary, selling its 75% stake for a total consideration of $1 million, which exceeds the company's total investment in the subsidiary.
The $1 million transaction is structured as follows:
$500,000 in ASII preferred shares, ensuring iQSTEL's value remains protected.
$500,000 in ASII common shares, which are expected to be registered in a resale offering filed with the SEC
"This transaction marks a key milestone in our strategic roadmap," said Leandro Iglesias, President & CEO of iQSTEL. "We are profitably monetizing a non-core subsidiary, strengthening our balance sheet, and simultaneously rewarding our shareholders by distributing a significant portion of the proceeds."
The definitive Purchase Agreement is expected to be executed no later than July 1, 2025. The agreement includes a $250,000 penalty clause, ensuring ASII's commitment to completing the transaction.
Bubae
12 hours ago
Nothing is wholly owned until its paid for. 😆 Good examp0le of how ASII has conned everyone though isn't it. All the while selling those weekly leak-out conversions. Notice that IQSTEL provides some context for the revenue number with the EBITDA revealing a $0.04% EBITDA which is indicative of a very high cost operation. The shysters at ASII simply promoted the revenue number. A company you can trust! 🤭
The only statement we have is in the IQSTEL filing. In the iQSTEL 8K "...- Craig Span (“Seller”). the sole owner of Globetopper, LLC..."
It’s wholly owned subsidiary “GlobeTopper”
GlobeTopper Achieves $39.5M in 2024 Revenue, Driven by Strong Q4 Performance
NEW YORK - January 22, 2025 (NEWMEDIAWIRE) - Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), parent company of Diamond Creek, is thrilled to announce that its wholly-owned subsidiary, GlobeTopper, achieved an outstanding $39.5 million in revenue for 2024, driven by an exceptional fourth quarter, including $4.3 million in December revenue alone.
This Memorandum of Understanding ("MOU") is entered into as of March 19, 2025, by and between:
- iQSTEL Inc. ("iQSTEL"), a Nevada corporation.
- Craig Span (“Seller”). the sole owner of Globetopper, LLC
https://www.sec.gov/Archives/edgar/data/1527702/000166357725000081/ex99_1.htm
6.7 ASII Approval & Transaction Context
• ASII formally approves and supports this transaction and agrees to be a Party to this MOU. ASII further agrees to execute any documentation reasonably requested by Seller in order to memorialize Seller’s 100% ownership interest in GT and confirm the termination of any existing agreement between GT, Seller and ASII.
• In turn, Seller and GT (as applicable) agree to terminate any existing purchase agreements between Seller, GT ownership or assets and to release ASII from any existing obligations there under.
IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook
NEWS PROVIDED BY iQSTEL Mar 21, 2025
https://www.prnewswire.com/news-releases/iqst---iqstel-sets-stage-for-explosive-growth-signs-mou-to-acquire-majority-stake-in-fintech-leader-globetopper-driving-fintech-expansion-and-strengthening-revenue-outlook-302407561.html
QSTEL's Investment Proposal:
Equity Acquisition:
IQSTEL will acquire a 51% equity interest in GT for a total consideration of $700,000.
Payment Structure:
200,000 in cash, distributed as follows:
- $100,000 on July 1, 2025, or upon execution.
- $50,000 on August 1, 2025.
- $50,000 on September 1, 2025.
$500,000 in IQSTEL common shares, subject to a six-month holding period.
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.
Manspider
12 hours ago
It’s wholly owned subsidiary “GlobeTopper”
GlobeTopper Achieves $39.5M in 2024 Revenue, Driven by Strong Q4 Performance
NEW YORK - January 22, 2025 (NEWMEDIAWIRE) - Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), parent company of Diamond Creek, is thrilled to announce that its wholly-owned subsidiary, GlobeTopper, achieved an outstanding $39.5 million in revenue for 2024, driven by an exceptional fourth quarter, including $4.3 million in December revenue alone.
oldman69
12 hours ago
Globe topper seems to be the aquistion of $IQST.
A Brilliant Future Ahead: Accelerating Toward $1 Billion Milestone
Following its record-breaking $283 million revenue in FY-2024, iQSTEL has confidently forecasted $340 million in revenue for 2025, primarily driven by its robust Telecom Division. The acquisition of GlobeTopper is set to be a catalyst for exponential growth in the Fintech division, significantly boosting both revenue and EBITDA, and propelling iQSTEL closer to its ambitious goal of $1 billion in revenue by 2027.
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.
Bubae
13 hours ago
There is no formal announcement from ASII. After promoting that deal since their September 6th press release they say nothing but we know that it is no more. You will find it in the iQSTEL 8K filed last Friday complete with the statement ASII's "...agree to terminate any existing purchase agreements between Seller, GT...". Details with links post# 21885 linked below.
No comment from ASII, instead you all were fed the NASDAQ up-list fairy tale to be facilitated by non-reporting shell company trading on the expert market. Last August the headline was the up-list to OTCQB. Didn't happen of course. Is ASII really not going to say anything about the failure to execute this deal? What do they really have left? NASDAQ up-list? They have sold a lot of shares at 4 and 5 off that BS. 😅 zero-sum game, translation, your losses. 🤭 Can't wait for the next OS updates.
Bubae
Re: PatB1 post# 21879
Monday, March 24, 2025 3:54:56 PM
Post# 21885 of 21898
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175969911
That friend is not a rumor. 😆 The company is staying silent yet we find from the iQSTEL 8K filed last Friday that they intend to acquire majority control of GlobeTopper and that ASII has withdrawn their purchase agreement. That is the kind of people we are dealing with in ASII. They have been promoting that deal for months while they sell the leak-out conversions and when the deal falls through not a peep. But they did roll out another BS press release Friday to sell you all more shares.
That promo driving 524 million in trades for Friday might have been a last cash grab before everyone discovered that the GlobeTrotter deal fell through but OTC retail showed up today again to grab some more. 🤣 These shysters will keep it quiet as long as possible it would appear. You look at that deal and compare it to the deal iQSTEL negotiated and tell me that they were serious in the first place. Where was ASII to get $1 million in cash while they were executing these weekly leak-out conversions? They had a qualified reg A but they couldn't sell that either with the current conversions even if the reg A was viable priced at $0.30.
Accredited Solutions Initiates Uplisting Process to OTCQB
Diamond Creek Water LLC. August 14, 2024
https://www.globenewswire.com/news-release/2024/08/14/2929994/0/en/Accredited-Solutions-Initiates-Uplisting-Process-to-OTCQB.html
Bubae
15 hours ago
Yeah, tell us where the revenue is coming from? 😃 The GlobeTopper deal fell through but we now know that even the revenue they boasted for that business had a very high cost profile with a $0.04% EBITDA. They still have the BChain acquisition that iQSTEL unloaded on ASII. You know what "pre-revenue subsidiary" means right? This BChain acquisition will be burning cash, not generating. 😆
The OTC at this point needs factual revenue in order to move the SP. 2021 ruined the hype game along with crypto and the good news here is soon to be the real thing.... REVENUE.
IQST - iQSTEL Announces Strategic Sale of itsBChain Subsidiary, Plans to Distribute Stock Dividend to Shareholders as Part of Nasdaq Uplisting Strategy
iQSTEL logo (PRNewsfoto/iQSTEL)
NEWS PROVIDED BY iQSTEL Mar 12, 2025, 08:00 ET
https://www.prnewswire.com/news-releases/iqst---iqstel-announces-strategic-sale-of-itsbchain-subsidiary-plans-to-distribute-stock-dividend-to-shareholders-as-part-of-nasdaq-uplisting-strategy-302399201.html
iQSTEL has strategically monetized itsBChain, a pre-revenue subsidiary, selling its 75% stake for a total consideration of $1 million, which exceeds the company's total investment in the subsidiary.
The $1 million transaction is structured as follows:
$500,000 in ASII preferred shares, ensuring iQSTEL's value remains protected.
$500,000 in ASII common shares, which are expected to be registered in a resale offering filed with the SEC.
Next Steps
The definitive Purchase Agreement is expected to be executed no later than July 1, 2025. The agreement includes a $250,000 penalty clause, ensuring ASII's commitment to completing the transaction.
Bubae
16 hours ago
That friend is not a rumor. 😆 The company is staying silent yet we find from the iQSTEL 8K filed last Friday that they intend to acquire majority control of GlobeTopper and that ASII has withdrawn their purchase agreement. That is the kind of people we are dealing with in ASII. They have been promoting that deal for months while they sell the leak-out conversions and when the deal falls through not a peep. But they did roll out another BS press release Friday to sell you all more shares.
That promo driving 524 million in trades for Friday might have been a last cash grab before everyone discovered that the GlobeTrotter deal fell through but OTC retail showed up today again to grab some more. 🤣 These shysters will keep it quiet as long as possible it would appear. You look at that deal and compare it to the deal iQSTEL negotiated and tell me that they were serious in the first place. Where was ASII to get $1 million in cash while they were executing these weekly leak-out conversions? They had a qualified reg A but they couldn't sell that either with the current conversions even if the reg A was viable priced at $0.30.
There is PROVEN revenue! Lots of rumors of the Globe Topper deal not being done! So without that, there is zero revenue. All they have hype!
iQSTEL 8K Filed March 21, 2025
https://www.sec.gov/Archives/edgar/data/1527702/000166357725000081/ex99_1.htm
6.7 ASII Approval & Transaction Context
• ASII formally approves and supports this transaction and agrees to be a Party to this MOU. ASII further agrees to execute any documentation reasonably requested by Seller in order to memorialize Seller’s 100% ownership interest in GT and confirm the termination of any existing agreement between GT, Seller and ASII.
• In turn, Seller and GT (as applicable) agree to terminate any existing purchase agreements between Seller, GT ownership or assets and to release ASII from any existing obligations there under.
IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook
NEWS PROVIDED BY iQSTEL Mar 21, 2025
https://www.prnewswire.com/news-releases/iqst---iqstel-sets-stage-for-explosive-growth-signs-mou-to-acquire-majority-stake-in-fintech-leader-globetopper-driving-fintech-expansion-and-strengthening-revenue-outlook-302407561.html
QSTEL's Investment Proposal:
Equity Acquisition:
IQSTEL will acquire a 51% equity interest in GT for a total consideration of $700,000.
Payment Structure:
200,000 in cash, distributed as follows:
- $100,000 on July 1, 2025, or upon execution.
- $50,000 on August 1, 2025.
- $50,000 on September 1, 2025.
$500,000 in IQSTEL common shares, subject to a six-month holding period.
Membership Interest Purchase Agreement October 25, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/1464865/000147793224006860/asii_8k.htm
Article 1. Purchase and Sale of Acquired Interests.
In consideration of the Acquired Interests to be sold by the Owner, ASII shall issue and deliver to the Owner, on the Closing Date (defined below), a promissory note (the “Closing Note”), in the form of Exhibit A attached hereto which will provide for the following consideration:
(a)$1,000,000 in cash payable on or before (Date two months from Closing Date) to be secured by the Acquired Interests, the assets of Acquired Company and additional protections set forth therein;
(b)$1,000,000.00 by delivery of 1,000 shares of the Series B Preferred Stock of ASII (the (“Series B Shares”); and
(c)$1,000,000.00 by the delivery of a secured promissory note to be secured by the Acquired Interests, the assets of Acquired Company and additional protections set forth therein.
Bubae
16 hours ago
When a company files that they intend to convert debt weekly for six months per a schedule, most would believe. Those scheduled weekly leak-out conversions run through May 15th if they are on schedule. They have been promoting the Globetopper deal the entire time then we find out this past weekend that the Globetopper deal fell through. The company converted 582,493,596 shares between September 01 to December 04, 2024. 1,144,455,221 new shares from September 01, 2024 to February 07, 2025. They have been very busy. With the last update of March 14th we learned that the OS increased by 237,500,000 shares added between February 28th and March14th. That is ten trading days or an average 23,750,000 shares a day. I'm looking for the next update soon to be back dated to before the 524 million shares that traded Friday that didn't move the price much. The regulation A offering was qualified by the SEC last September. Looks to me like they will finish these conversions and split the stock to make that Reg A viable. They still have the iQSTEL deal to pay for. The company will keep promoting and OTC retail will continue to soak up that dilution. 🙄
[color=red]DEF 14C Filed October 01, 2024
https://www.sec.gov/Archives/edgar/data/1464865/000147793224006094/asii_def14c.htm
The record date for determining those shareholders of the Company entitled to receive this Information Statement is the close of business on September 1, 2024 (the “Record Date”). As of the Record Date, the Company had outstanding (a) 2,071,000,000 shares of common stock,...
For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001464865/000147793224007846/asii_10q.htm
As of December 04, 2024, there were 2,653,493,596 shares of common stock, par value $0.001 per share issued, issuable and outstanding.[/color]
News
Market Data
Register to chat with like-minded investors on our interactive forums.
Debunkinator
4 minutes ago
Paulie Pennies
1 hour ago
stressfreeliving
10 hours ago
Zardiw
12 hours ago
