iQSTEL Inc. (OTCMKTS:IQST) is down 12% in a week. The company has entered discussions with Ago bank Corporation regarding a potential partnership expanding financial services Ago bank can offer its clients through connection with iQSTEL’s subsidiary Global Money One MAXMO/VIMO Ecosystem.
Global Money One recently launched MAMO/VIMO ecosystem with MAXMo fintech Ecosystem already live with VIMO expected to be live soon. MAXMO Ecosystem offers customers a US bank account, MasterCard debit card, crypto exchange services, mobile top-up, remittances, and a mobile wallet/app. Ago Bank enjoys a network of close to 10,000 agents across Latin America, including regions where reaching clients is typically difficult such as Venezuela.
The company has announced an SEC Qualification seeking to increase the price per share of 20.2 million of its remaining shares under the Reg-A offering to at least $0.5 and a maximum of $2. This SEC Qualification enables the company to raise around $40 million, leaving it debt-free. The investment capital will go towards iQSTEL’s current M&A campaign. So in the coming weeks, IQST is a stock to watch.
Market Reaction:
On Tuesday, IQST stock fell marginally at $0.51 with more than 816K shares, compared to its average volume of 1.06 million shares. The stock has moved within a range of $0.4800 – 0.5199 after opening the trade at $0.50. Over the past 52-week, the stock has been trading within a range of $0.0590 – 2.0000.
 Stock Is Down 12% in a Week: A Good Buy on Dips?){kind=link}