<SEC-DOCUMENT>0001078782-19-000734.txt : 20191211
<SEC-HEADER>0001078782-19-000734.hdr.sgml : 20191211
<ACCEPTANCE-DATETIME>20190924214815
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001078782-19-000734
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iQSTEL Inc
		CENTRAL INDEX KEY:			0001527702
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				452808620
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		(954) 951-8191

	MAIL ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURESNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20151124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURE SNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20150813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	B-MAVEN, INC.
		DATE OF NAME CHANGE:	20110810
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<TITLE>SEC Response Letter (CORRESP)</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>IQSTEL Inc.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>300 Aragon Avenue, Suite 375</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Coral Gables, FL 33134</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'><B><I>Via EDGAR </I></B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>September 24, 2019</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>United States Securities and Exchange Commission</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>100 F Street, N.E. Mailstop 3720</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Washington D.C., 20549-7010</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Attention: Paul Fisher</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style=font-size:10pt><B>Re: </B></FONT></KBD><KBD style=margin-left:36pt></KBD><FONT style=font-size:10pt><B>IQSTEL Inc.</B></FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'><FONT style=font-size:10pt><B>Offering Statement on Form 1-A/A</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'><FONT style=font-size:10pt><B>Filed on June 3, 2019</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'><FONT style=font-size:10pt><B>File no. 024-10950</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Dear Mr. Fisher:</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>I write on behalf of IQSTEL Inc., (the &#8220;Company&#8221;) in response to Staff&#8217;s letter of June 11, 2019, by Division of Corporation Finance Office of Telecommunications, of the United States Securities and Exchange Commission (the &#8220;Commission&#8221;) regarding the above-referenced Offering Statement on Form 1-A/A, filed June 3, 2019 (the Comment Letter&#8221;). </FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Paragraph numbering used for each response corresponds to the numbering used in the Comment letter.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Offering Statement on Form 1-A/A, filed on June 3, 2019</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:3.5pt;margin-bottom:0pt;margin-right:30.15pt'><FONT style='border-bottom:1px solid #000000'>Dilution, page 26</FONT></P>
<P style='font:10pt Times New Roman;margin-top:0.4pt;margin-bottom:0pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:22.5pt'><FONT style=font-size:10pt><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-16pt'>1.</KBD>Net tangible book value is calculated by subtracting total liabilities from total tangible assets. We note as of March 31, 2019 you had a net tangible deficit. Please revise your calculations of net tangible book value/deficit and dilution accordingly, and clearly indicate in your disclosures that you have a net tangible deficit, not book value.</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-right:26.5pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>In response to this comment, we have revised our calculations of net tangible book/deficit and dilution based on the net tangible deficit as of June 30, 2019; making clear references to the net tangible deficit.</FONT></P>
<P style='font:10pt Times New Roman;margin-top:7.7pt;margin-bottom:0pt;margin-right:30.15pt'><FONT style='border-bottom:1px solid #000000'>Financial Statements, page F-1</FONT></P>
<P style='font:10pt Times New Roman;margin-top:0.4pt;margin-bottom:0pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:22.5pt'><FONT style=font-size:10pt><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-16pt'>2.</KBD>We note your response to comment 4. Notwithstanding your intended use of the proceeds from your offering, you are required under Rule 8-04 of Regulation S-X to include in your filing the financial statements of businesses that are probable of being acquired.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>In response to this comment, we are including as Exhibits 15.1 through 15.3 the audited financial statements, the unaudited financial statements and pro forma financial information, respectively, of SwissLink Carrier AG according to Rule 8-04 of Regulation S-X.</FONT></P>
<P style='font:10pt Times New Roman;margin-top:7.7pt;margin-bottom:0pt;margin-right:30.15pt'><FONT style='border-bottom:1px solid #000000'>General</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:22.5pt'><FONT style=font-size:10pt><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-16pt'>3.</KBD>We note that, in response to prior comments 3 and 6, you have removed all references to the acquisition of SwissLink Carrier AG from the offering circular because no proceeds from the offering will be used to fund the acquisition. Please note that, since the SwissLink acquisition appears to be material, you must disclose the existence and terms of the definitive purchase agreement whether or not you use any offering proceeds to fund the acquisition. Therefore, please revise to disclose the material terms of the purchase agreement for SwissLink in an appropriate section of your offering circular and file the agreement as an exhibit to the offering statement.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>In response to this comment, we are including a section under title &#8220;Completion of Acquisition of SwissLink Carrier AG&#8221; where we are disclosing the terms of the definitive purchase agreement. </FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>We have also updated and amended the offering statement in the following parts and content:</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><A name=_Hlk5633701 /><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD><FONT style=font-size:10pt>Number of shares of common stock outstanding before the offering of common stock as of September 19, 2019. All information related to number of shares and percentage of ownership has been updated as of September 19, 2019.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD><FONT style=font-size:10pt>Tables in section Used of Proceeds.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD><FONT style=font-size:10pt>Section Convertible Securities has been updated as of September 19, 2019.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Sincerely,</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'><I>/s/ Leandro Iglesias</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Leandro Iglesias</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
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