Some Key Highlights of the 10K:
Revenue: ~19 Million Dollars, which met the forecast reported earlier
Debt Settlement: ~$800,000 of debt was settled via $300,000 in cash and 2,000,000 shares that are worth $119,000, which makes the pps equivalent to ~0.05
Loss Carryover Forward of $23 million dollars. This is huge. This means that BTGI will not pay taxes on income when they become profitable until they offset the $23 million.
OS short of 22 million from the AS that makes it difficult to dilute of any significance
Net Plant and Equipment Asset of 10.7 million dollars, compared to $341,000 on September 30, 2015
Total Consolidated Asset of ~19 million dollars
BT-Twiss Transport Made ~16 million dollars in revenue between January and September. BT-Twiss stake was acquired in January, 2016. The full benefit will be recognized fully this year. Also, this sector is expected to boom in 2017 with the US economical strength and the new administration
Net Income from the Transportation Sector was positive at ~$500,000. The overall 7.8 million loss for the company includes stock-based compensation of 1.95 million dollars, loss inventory of $250,000 and loss from discontinued operation of ~$500,000
IN CONCLUSION, THE TRANSPORTATION SECTOR IS GOING TO BE HUGE FOR BTGI. IT IS LIKELY THAT BTGI BECOMES PROFITABLE IN 2017. Q1/2017 IS GOING TO BE A HUGE TELLER SINCE WE NEVER HAD A RECORD ON Q1 BEFORE WITH BT-TWISS BEING ONBOARD!THE BIG GIANT IS GOING TO BE HUGE. PROFITABLE AQUISITION LIKE BT-TWISS IS GOING TO BE VERY ATTRACTIVE SINCE THEY HAVE 23 MILLION DOLLARS ON TAXABLE NET PROFIT, WHERE THEY DON'T HAVE TO PAY TAXES ON.
BTGI IS GOING TO BE HUGE IN FY2017. THE REACTION TO THE 10K ON FRIDAY WAS NOTHING BUT A STUNT SHOW TO SCARE INVESTORS. I SAW A 20% REDUCTION IN STOCK VALUE FROM 0.0030 TO 0.0024 WITH $1800 OF TRADING.THAT IS SILLY AT BEST.
