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Uhh but you aren't considering that the price never holds after an rs. So we all lose. He will buy back.
RN, some points and counterpoints:
I agree Tom is over the top with the emails of pants pooping, seat buckling news. It annoys me to see these posted here. My experience in MANY MANY OTC and pink stocks has allowed me to understand this is part of the game. People pump news for whatever their reason and it's our job as members of message boards and owners of stock to know what's real and what's hype.
Having said this, Tom says nothing negative compared to PGP$. I read the suspension and they dug their grave. Tom hasn't disclosed deals of pants pooping nature the way Pilgrim was laying out details. Tom is playing the typical penny stock CEO by not giving details, which admittedly is annoying, but it's not illegal by any measure or the whole OTC would be shut down.
As for Tom not walking on water, I agree. He's a CEO of a public company and his duty is to the company, the board and it's investors. Let's be honest here, if the stock was a pure pump play, this would be at .0001 right now. It's holding and with the data we have people are buying shares. Who that is, who knows. We will find out soon enough. Either be patient or move on is my suggestion. I thought about moving on last week with all the annoying posts of news coming as I was wondering if the sales we see are the same people posting that stuff day in and day out. Reality and experience set in and I am still here. Let's be honest, not sure your intentions here but the fact remains, he promised things and has yet to break his word. Pilgrim flat out TOLD investors this and that without any backable proof and the feds suspended them.
I am no pumper. I will post on facts and sell on facts. I think Tom has a big job ahead...getting current. If he does that and the numbers look good, this climbs. If he files and the numbers look odd, that will be a problem...until then, we wait and hold him accountable. I just wish some folks would stop overpumping as it does look shady sometimes.
Just my 2 cents...don't shoot the messenger.
What part of non-FINAL do you not get? It's part of a process. Not hard to research and see this is commonplace in how the patent process works. Lecture me when it's final and nothing happens.
Actually we agree on this, LOL. IRA is the way to go if you don't need the cash tomorrow.
That is an irresponsible statement and completely untrue. R/S do not happen like that. The CEO has stated over and over - NO R/S.
Not true anymore. As an owner of a business that "partners" with Amazon they do not just allow anybody to sell in certain categories without proof of who they are and what they do. You can thank the tons of scam Chinese sellers for that.
True, anybody can open an Amazon Marketplace seller account and sell but you just can't sell on any category. Look it up.
Okay, dilution isn't the problem here it's the previous management's love of handing out shares for toxic loans.
Yet it was down most of yesterday and finished just fine and proved there is demand for the stock.
First, if you know what's happening here, there are still convertables out there thanks to previous management. Second, this is coming back up so there are buyers taking this back up - not an easy feat for a multi billion os stock.
Experience is key to trading these. Low float stocks with zero interest go way up and come back down quickly. Higher OS stocks like this one tend to crash if there is no buying. The fact that it's churning and not crashing is proof that there is more interest than not.
Excuse me? Why would a government or a multi million dollar business use cheap FREE software to protect their systems. Wow.
I love small float stock except for this. All it takes is some block sale to drive it down. I have faith that once they keep showing revenue and growth, attention will follow.
Fact: Large OS/AS Stocks do not move like this on smoke and mirrors. Sorry.
Good point. We shall see. I am patient as long as we hold these gains.
But in all fairness all ceos get excited about their companies. What's awesome for him may not be for us.
Its going to be something. The question is what. I have been in many closed shells. Assets and other things can be sold to somebody else through a reverse merger (this shell and it's assets merge into an established company who either already are on OTC or they are new to OTC after being in business privately). Revoked status as pepe was saying just means they stopped reporting to the Secretary of State which revokes the "franchise" or the right to do business in that state. A company can reinstate.
Who knows but I was in one closed shell that got r/m'd by a group that took it to new highs. I was also in another where a new company bought the shell and assets and haven't done much.
If they own shares in the shell they can reverse merge by selling to another. Since you use the word IF, I will take it all with the benefit of the doubt. Worse case...shareholders get a new entity under this ticker, best case...the owners of the shell and assets can sell them, revoked or not, to a new entity or reverse merge the SHELL.
I own 2 corps and closed one many years ago. That closed one was revoked by the state we were inc'd in. I can say with certainty revocation just means you need to file paperwork, pay any monies owed to the state (taxes, license, sos charges) and they can reinstate. IF they were revoked with a lien, that would be noted.
If he spun off assets, he would be required to explain it to investors AND in most cases we could see shares in a deal like that. Not unheard of.
Right...what you suggest means fraud.
Zero dilution - if you have proof we are wrong, please show it.
The shell can be reverse mergered to another company. As for assets, hard to say but not unheard of. I've seen it many times on stocks that I was holding and they r/m'd with a new company who inherited a lot of their assets with the shell.
It's strange because the DD and info on BVTK is out there and verifiable. Whatever pinkies he had issues with...I'd love to know the DD behind each decision. A lot of times the annoyed bagholder (I've been one a few times) bought in because the boards had good info but I didn't bother going deeper than that. Not anymore. I watched BVTK for months before deciding it was for real. DD outside of boards, info on the CEO was all out there. That sold me.
Again, this isn't anything to do with the nice CEO. Those 20 you want to show me? Did the CEO have a proven track record or was he beholden to somebody else on the board who is on 20 other pinkies?
DD is key and if you know anything about pinkies, it's key to why many of us who make money doing this study a stock carefully before jumping in. Sure, I've flipped a stinky or two. But I stay in the ones that look promising. This one has held steady. With all the shares out there, using your argument, this should be back at .0001. It's not.
Good DD is tied to whoever is behind the curtain. There are tons of nice CEOs with zero credibility. This guy has credibility and it's easily googled.
Stop. This doesn't look like a pump and dump. Seriously. I'll show you 20 stinky pinkies that are obvioThe people and info with $BVTK is good and has good dd. Tom's story is good enough for many.
Not true again. The majority of volume on any stock with this kind of OS is the day trader variety. They trade on news and info. As long as Tom keeps us up to date, signs new deals and puts the info out to shareholders, short and long, the stock will stay at a specific level due to long term holding and some flippers holding to see where this goes. I've seen it so many times. Small float stocks with NO news go nowhere. Big float stocks with no news are even worse. IF the news keeps coming, the fins eventually come and validate what Tom is saying in the emails, PRs and twitter, it will rise. This is the pink sheets. It's all based on speculation and information.
I have and it's always possible. The key is follow through and updates along with financials.
No, if he produces revenues he can buy back and retire shares. Reverse is not the only way to do things and the only companies reversing are no rev stinky pinkies. Those pos stocks have no choice but to reverse. Real companies with revs buy back and retire shares. Let's stop acting like rs is the only option...it isn't.
Exactly. There is a reason why stinky pinkies do it year after year and companies making income buy back shares. It's good for the stock, stock pps, and shareholders.
Buyback and retirement of shares.
Yes, he has.
They aren't diluting. The old management made deals to fund ops with shares. Don't try to sell the nonsense that current management is diluting unless you have hard evidence. Management admits that shares from loans in the past are out there.
Really? Fact is if they do a trillion like you say they can buy back and retire shares to lower a/s. Fact.
Foreign based companies usually trade in the otc.
Legit companies buy back and retire shares. I believe when revenue is coming in, Tom will buy and retire. You people need to stop with this RS nonsense. That is what flailing pinkies do year after year. Tom did it once and if he does it twice he kills faith in what he is trying to do.
No he doesn't. Revenue, buy back, retire. That is how competent companies do it.
Welcome to stock message boards. People will spin any number of things good or bad. The key is to know what's real and have a plan. For this stock I am confident that Tom is for real and I have a long term exit strategy. I don't marry any stocks unless they pay solid dividends.
Wrong. If he gets the financials released and can report on time going forward along with proof they are getting the cash as pr'd then that is not necessary. Cash flow means he can buy back and retire shares like smart companies do all the time.
Good post. It baffles the mind that so many are pushing for an rs when all these good things, a patent pending and a solid gain, happening now.
There is no need for such a thing. Tom has said it over and over.
Yes, it isn't as simple as a 10:1 reverse as some are saying, it could be 1000s for 1. This is why I believe Tom sees the harm in a reverse.
But we won't need to do an r/s if the billions in potential licensing and contracts come to fruition. Once the profits roll in, Tom will buy back shares, retire and lower a/s & float. He gains on this move as do we.
And if you bothered to look up a stock buy and retirement you would see it's common for established, profitable corps.