4 OTC Stocks Ready to Rock: GTII IQST MJWL SIRC

Smart investors know that if you want to make the big money off a small account, the place to be is the OTC Markets. There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.[embed]https://www.youtube.com/watch?v=V8uKpbDu6bs[/embed]We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier.In this article, we look at 4 hot OTC stocks that can grow really fast in 2022. They are Global Tech Industries Group Inc (OTCQB: GTII), iQSTEL, Inc (OTCQX: IQST),Majic Wheels Corp (OTCPK: MJWL), and Solar Integrated Roofing Corporation (OTCPK: SIRC). OTC stocks #1 GTII OTC stocks #2 IQST OTC stocks #3 MJWL OTC stocks #4 SIRC

OTC STOCKS #1 GTII

Global Tech Industries Group Inc has had a great week, gaining over 35%, although it finds strong resistance near $2. On Friday, the OTCQB stock was trading at $1.70, the highest since August. The $400+ million company peaked this year at the end of March at almost $4.50, which can be treated as the next medium-term target, especially if it manages to break above $2.GTII is focused on assets to stimulate innovation and growth in emerging businesses on a global basis. The company works across various and diverse industry sectors, attempting to find potential partners and assisting them in animating their business plans.Specifically, GTII is a crypto play that operates a crypto trading platform in the US. The platform, known as Beyond Blockchain, enables multi-currency clearing and direct settlements in Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Bitcoin SV, Aave, Compound, Uniswap, Chainlink, and Yearn Finance.The crypto market has been correcting for a while, with Bitcoin trading near the lowest since October, although digital currencies will continue to thrive amid growing fears of inflation across developed economies, including the US. Many cryptocurrencies, including Bitcoin, are regarded as great store of value (SOV) assets, while stablecoins are increasingly more used for payments and other use cases. All in all, crypto trading platforms will continue to experience great revenues in the years to come, and GTII is poised to benefit from this trend.The latest price increase came after the company announced that it had submitted to the Securities and Exchange Commission (SEC) a FORM S-1 registration statement which, if approved, would allow it to distribute up to 26,000,000 newly minted and registered cryptocurrency tokens as a dividend to GTII shareholders. Pending SEC approval, the GTII would mint one billion GFT Token units on the Solana blockchain. The GFT Token will then be distributed as a dividend to its shareholders at a rate of one (1) GFT Token for every ten (10) shares of GTII common stock beneficially held as of yet-to-be-determined record date.The GFT Token, whose value would be pegged to the value of GTII’s fine art collection, will be distributed from GTII’s digital wallet directly to the digital wallets of eligible shareholders. The company will retain all the balance of the undistributed GTII Token in its digital wallet for future use.GTII CEO, David Reichman, commented:

“This project has been in development for the last several months, but unlike other endeavors that have demanded our attention within the framework of a quick turnaround, this one has required a different, more laser-like kind of focus and attention. I am proud of the grit and tenacity exhibited by our technical team, as well as management and our other service providers who have brought this effort to this point. The learning curve was very steep, to say the least, and the job done by the entire team is something I’m very proud of. “

GTII will certainly benefit from its crypto card and the share price should continue to climb as the bearish pressure fades away. The stock has been experiencing illegal short volume for months due to a loan that was obtained on aggressive terms.

OTC STOCKS #2 IQST

We reported on iQSTEL, Inc in August when the OTCQX stock was trading at $0.51. It is trading at the same level today after gaining 6% since last week. Despite the horizontal trend that has been around for months, IQST is a big winner for our readers and subscribers who got exposure when we reported on it in October last year. IQST was trading at less than 10 cents at the time.IQST is a US-based company that offers telecom, technology, and fintech services for global markets, being present in 15 countries. The company provides services to the telecommunications, electric vehicle (EV), financial services, chemical, and liquid fuel distribution industries. iQSTEL used to have 5 business divisions, but it organized them into two major divisions:

• B2B division – it includes telecom, blockchain, and the Internet of Things (IoT).
• B2C division – it includes EV motorcycles and fintech, among others.

IQST operates through several subsidiaries, including Etelix, SwissLink, QGlobal SMS, SMSDirectos, Global Money One, IoT Labs, and itsBchain.The portfolio of products and services includes SMS, VoIP, international fiber-optic connectivity for 5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV Battery Management System, EV IoT Connectivity, Mobile App For EV Connectivity, EV Dashboard Display, Visa/Mastercard Debit Card, cryptocurrency exchange services, money remittance, Mobile Top Up, IoT Smart Gas Platform, IoT Smart Tank Platform, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace SPM.Investors are excited about IQST as it’s working to uplist on NASDAQ. 2022 will be a big year for the company, and it plans to conduct at least one meeting of its independent Board of Directors (BOD) per month. Some of the key BOD resolutions are as follows:

• The IQSTEL Independent Board of Directors gave the mandate to the Management to initiate the NASDAQ up-listing process with the objective of achieving a listing on NASDAQ in the first half of 2022.
• Implement a strategy to capture shareholder value enhancements for the 21,000 iQSTEL shareholders in conjunction with the NASDAQ up-listing initiative.
• Without losing focus on current operational improvements and growth, management should complete the product launching and start the revenue streams of the new high-margin business lines: Internet of Things, Blockchain, EV Motorcycle, and Fintech Ecosystem.

Earlier in December, the company released its financials and said that it expected to exceed the $60.5 million revenue forecast for FY-2021 and is revising the forecast upward by approximately 4% to $63 million.IQSTEL CEO and President Leandro Jose Iglesias commented:

“We are pleased with the ongoing growth of the iQSTEL Telecom Business and with the pending acquisition of Smartbiz, our preliminary revenue forecast for our Telecom Business alone is $80 million. We anticipate higher margin revenue from our other business lines, IoT, Blockchain Platform, EV Motorcycles, and Fintech to begin ramping up in 2022 contributing to both the top and bottom line.”

All in all, it will be an exciting year for IQST, and this is a great opportunity to get the stock for cheap.https://twitter.com/og_tigress/status/1471701874382450688

OTC STOCKS #3 MJWL

We don’t hesitate to reiterate our bullish stance on Majic Wheels Corp even if it has been corrected for months and is trading close to the lowest level since June. Nevertheless, this is a great opportunity to buy the dip, as we expect this Pink Current stock to make a big run in 2022.The share price of this crypto play bottomed out in August near seven pennies. After recovering, it found strong resistance near $0.15, forming a double top, which is regarded as a bearish pattern anticipating a trend reversal. The stock broke below the pattern’s neckline at about $0.10 and is now trading at $0.074.The $142 million company plans multiple acquisitions in the fintech and software development sectors, although investors regard it as a crypto play today. Earlier this year, MJWL acquired cryptocurrency exchange and custody services platform Calfin Global Crypto Exchange (CGCX), which generates about $150 million in revenue. In April, CGCX launched its first insured over-the-counter (OTC) crypto trading desk in India, offering traders a direct medium of exchange. Besides the India Crypto Exchange, it generates revenues from the Custody Solutions and the Crypto Mining business lines.In October, MJWL signed a letter of Intent (LOI) to acquire a majority interest in Bamboo Wellness Holdings Limited. Supported by artificial intelligence (AI) and machine learning, the Bamboo ecosystem aims to drastically bridge the health protection gap and bring insurance to everyone.Later that month, the company said it was acquiring a majority interest in PCEX, another cryptocurrency exchange & trading platform.Last month, MJWL revealed its financials for the third quarter, reporting revenues of $6.2 million, and EBITDA of over $2 million. The company has $173 million in total assets versus over $5 million liabilities, which makes it undervalued at the current price. MJWL has also corrected amid the general bearishness in the crypto industry, with Bitcoin dropping to about $47,000.We strongly believe seven pennies doesn’t represent MJWL, and this is a great time to buy this Pink Current stock that will surely uplist sooner than later.https://twitter.com/InvestorGroup15/status/1471725091226484737

OTC STOCKS #4 SIRC

Like MJWL, Solar Integrated Roofing Corporation has been correcting during the last few months. The Pink Current stock is currently trading at $0.37. On Wednesday, the share price fell to $0.33, the lowest since August. In February, when many penny stocks exploded amid the economic recovery, SIRC surged to almost $3.0, the highest since 2016. We reported on SIRC in December 2020, when the stock was trading near $0.30, enabling our subscribers and readers to secure generous returns of over 900%.Despite the long-term correction, we think there is still much room for growth next year.The $180 million company operates provides single-source solar power, HVAC, and roofing systems. It offers various solutions, including sales and installation of solar energy systems, battery backup, and electric vehicle charging stations to roofing, HVAC, and related electrical contracting work. It offers services to commercial and residential facilities and properties in the US.Earlier this month, SIRC applied to uplist on the OTCQB Venture Market.David Massey CEO said:

“Joining the OTCQB raises our profile within the investment community, which we expect will help improve liquidity, broaden our shareholder base and position us for a Nasdaq uplisting in the future. We believe our recent acquisitions, rapid sales growth, and transformation into a national brand will accelerate this goal. In addition, trading on this established public market will help to generate exposure of our company among institutional investors. We would like to thank all of our shareholders for their ongoing support.”

Last month, SIRC appointed a new CFO and President, updating its Board and getting ready for major changes next year.https://twitter.com/Mercutos/status/1470262622167744514We think SIRC has some great potential in 2022, with its great share structure and increasing sales. The uplisting is going to make it even more attractive for investors, so keep an eye on it!https://twitter.com/dewmboom/status/1471926411908812806

THE FINAL NOTE

All of the 4 OTC stocks discussed today are good stocks to hold. The upside is much greater than the downside at these levels.It’s also very important to eye OTC stocks that have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.Remember, all you need is one or two penny stocks to succeed in order to crush the market averages.As always, good luck to all (except the shorts)!

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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.