International Star, Inc (OTC: ILST) is one of the hotly anticipated stocks in Frank Igwealor’s long line of custodianship plays. ILST’s operations were long focused on the acquisition and development of mineral property interests but its recently updated OTC profile shows that it has “shifted its business focus to FinTech, Defi, Blockchain, Metaverse, NFT, Crypto and gaming industry”. Given Igwealor’s history of transforming shell companies into profitable ones through mergers, ILST is believed to have one of the most attractive merger candidates. Following JPEX’s merger with VeeMost Technologies, ILST is believed to be the next ticker due for a merger. With anticipation building each day, ILST is shaping up to be one of hot penny stocks to watch in 2022.
Coming from a finance background, Igwealor is also known for his experience as a CEO across the technology, education, and engineering industries, In light of this, he has the knowledge and skill to determine profitable merger candidates for companies as demonstrated by JPEX which is merging with a company operating in the billion dollar cybersecurity and cloud services market. This success has only added fuel to the fire as investors wait to hear ILST’s merger details.
Alpharidge’s custodianship was terminated earlier this month – a sign that merger news may be released very soon. This appears to be the case as ILST discloses that its “first merger has been finalized and waiting for rollout”. Given the sectors ILST is focused on, some investors are speculating that the merger could help ILST uplist to OTCQX.
This suspicion was fueled by Igwealor’s hints at the OTCQX when discussing ILST. Given that the the OTCQX is the top tier of the OTC and companies listed there “must meet high financial standards, follow best practice corporate governance,” among other requirements, ILST’s merger candidate could be very impressive.
This is because companies listed on the OTCQX include “a large number of blue-chip stocks from Europe, Canada, Brazil, and Russia.” If the merger candidate is a large foreign stock looking to list in the US through the OTCQX, then ILST shareholders could be the recipients of a major gift.
It appears that ILST will start the year with a bang as the company is already evaluating various acquisition candidates in the FinTech, Defi, Blockchain, Metaverse, NFT, Crypto and gaming sectors. With the vision of building “a robust top-level finance, technology and blockchain enterprise”, ILST could be one of the best cheap stocks to invest in.
To facilitate these plans, ILST has brought Caren D Currier on as a company insider. Given her expertise in completing merger processes, her presence inside the company is a bullish sign for many investors.
ILST is also in the process of filing for a share reduction and has already managed to reduce ILST’s AS from 3 billion to around 2.01 billion. Although still not reflected on its OTC Markets profile, once the company’s Transfer Agent finalizes the paperwork the share structure is expected to be updated.
On top of this, ILST has a clause prohibiting dilution or reverse splits for the next two years thanks to Igwealor’s custodianship. With this in mind, ILST could be one of the hot penny stocks to start 2022 with.
Anticipation is brewing after its OTC profile update meaning JPEX and ILST could run in tandem on this news @SalsTradingOTC.
We’ll see if @rrr1sr is right in his merger predictions.
ILST is currently trading at $.0145 with a primary support at .0128 and a secondary support at .0109. The stock has a resistance at .0148 and an RSI currently at 60. The MACD is bearish but approaching a crossover and accumulation is running high.
These indicators show the building momentum for ILST as merger anticipation increases. With JPEX’s merger on the horizon, news of ILST could be coming soon which may send ILST past its resistance and back to October’s high near $.02.
Should You Buy?
ILST’s updated industry focus, merger candidate, and possible plans to uplist to the OTCQX, are quickly making ILST one of the hot penny stocks to watch. Depending on the company’s next moves, ILST could break past its current resistance and move to new heights. But given investors’ speculation regarding this hotly anticipated merger, ILST will continue to be the subject of speculation until its merger candidate is announced. Overall, the company’s interest in FinTech, Defi, Blockchain, Metaverse, NFT, Crypto, and gaming sectors could make ILST a profitable company in the near-term.