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Lesson #1 Don't make decisions based off of people pumping.
Lesson #2 Don't make decisions based off of people bashing.
You have to have thick skin and patience. If you do your DD and are confident in your choices, you shouldn't get swayed by other people, unless they really bring something of value that can be backed up by concrete solid facts that you yourself can also verify.
80% of the tickers on my watch list are red many of them on the Nasdaq. I guess they are all in the dump phase of a p&d.
It's a sea of red today for the most part. I would be more worried if this was unique to BVTK, but the fact of the matter is there are tons of tickers getting stomped on today.
I'm sure if you check their boards there are probably a bunch of people screaming dilution, scam, p&d, and blah blah blah...
Everything will bounce back.
Let's say hypothetically that this is a pump and dump. I would say that the company has a lot more pr's and 8ks up it's sleeve to pump this price much higher and make everyone a lot more money. I mean they were able to get the price as high as .0041 off of a tweet, I think they can get this into multi-pennies if they really wanted to. If their sole purpose is to make money then why not pump the price as high as they can right?
And if it's not a pump and dump, well then the price will just continue to go higher and higher.
Sounds good to me! I'm all for making money!
I'd be more worried if this was unique to BVTK but there are lots tickers selling off big today. It's been a sea of red for a lot of OTC's.
No one said they have a deal with NASA. We have an agreement with i3 ICS, LLC to be placed on a SEWP contract that has a $20B ceiling for an IT contract with the government. i3 just so happens to already have an open $104 million contract with NASA. No one ever said that Bravatek has a NASA contract. Anyone saying that is making things up. Get your facts straight or you lose credibility too.
And you know what's even crazier!? Their CEO was the first ever CCO for the Department of Homeland Security. Like who is actually going to believe this guy us our CEO!?
Well you're not doing yourself any favors with your negative speak. I think you're full of it.
You need serious help if you're incapable of seeing that the O/S was verified on 4/17/2017 with a count of only 2.1 billion after about 6 billion shares had traded prior to that date.
That's all old and most if not all of that debt has been converted. Can any of you come up with anything new? Or are you just going to keep regurgitating and recycling old useless information?
Hey Snug if you're so smart, how would you run a company that you just took after the prior management team of 7 years piled the company with massive debt, zero revenue, no products, and no progress of any kind?
I personally do not see what he could have done differently. All of his moves haven't been shareholder friendly but they were 100% necessary in order for the company to progress. He acknowledges how painful it has been and owns up to it. Now we have verifiable contracts, which none of you can refute. This company is making progress like it never has before and all you can do is point to the negatives of the past.
The company finally has things it never had. If this was just a share a selling scheme they wouldn't be wasting their time with REAL business and REAL contracts.
You tell me what you would do different?
Sedulous definition - (of a person or action) showing dedication and diligence.
If the CEO is dedicated and diligently avoiding an RS, I like those odds. With the direction the company is currently going, I really really like those odds.
No one here is naive enough to think that an RS is 100% off the table because nothing is ever a guarantee. And becauase nothing is guaranteed in life, bears will always have an argument for their side on any company. Hell, in the future Amazon could even have to do an RS one day, but I'm sure they will do everything they can to avoid it. If BVTK's contracts and major revenue streams fall through, then the ability to pay noteholders and retire shares goes out the window and resorting to dilution/reverse splits is a possibility again.
If things were to fall apart after CEO telling us 100% and definitively there would be no RS and then eventually has to do one, he looks even worse in the eyes of the shareholders. He's being careful with his words by saying they have no desire for RS and I don't mind that at all.
Until I see those signs, I like my chances here with this company and this CEO.
According to their last 10q, they had $260k in gross profit for their 3rd quarter reporting in 2015.
And then with the current JV w/YKTG and contracts totalling more than $10million for 2016 (All verified in filings), I wouldn't exactly say they are "broke".
With the DD on the company and CEO, I this company is a unique diamond in the rough coming out of the trips.
And to add legitimacy to this filing, YKTG signed into a JV with a company on the Nasdaq called ADDvantage Technologies (AEY) in March 2016. It's for a decommissioning and deconstruction project involving cell towers in 13 states for a major cell phone carrier.
Clearly YKTG is subcontracting this work out through Bravatek's Viking Telecom company. Keep in mind this project is a minimum of $10 million and has been said will likely lead to an extension and even more revenue.
Here is the 8K between YKTG and AEY:
https://seekingalpha.com/filing/2941904
Absolutely. It would only take a couple million in profits to wipe out a good chunk of those outstanding shares.
Actually it did get filed. Look here:
https://seekingalpha.com/filing/3195944
Sticky this link from Seeking Alpha. It's a Bravatek 8K that has the originals of those signed contracts. You can see them if you scroll to the bottom.
Here is the link to the 8k and signed originals:
https://seekingalpha.com/filing/3195944
There have been 2 different management teams running the show here. Cellucci took over an absolute mess left behind by old management about 2 years ago. He had to make some not-so-shareholder-friendly moves in order to progress the company. So far he has been transparent and doing everything he says he's going to do. Here is a quote from his letter to the shareholders that explains a lot:
"Having said all this, getting to this point in our company’s evolution brought pain for us as shareholders, and shareholders have rightly made that clear to us—as they should. I wanted to share with you what our current Board and management team faced when we came to ECRY and how we needed to make tough decisions to get us on a much better path ultimately for our shareholders. Like Joe Friday, a character from a 1950’s show “Dragnet” would say, “Just the facts, Ma’am.” It’s in this spirit that we address the tough road we encountered and the steps we’re taking to exploit the opportunities now before us.
When asked to join the Board and weeks later asked to take the role of CEO and Chairman, I knew that this endeavor was filled with challenges—to put it mildly. Our management team and Board inherited a 7 + year firm that simply had no products available for sale, no services nor revenue, coupled with a lack-luster balance sheet. Faced with no real prospects after working diligently to try to obtain sufficient financing, we felt compelled to obtain convertible debt finance due to prospective investors’ concern over ECRY’s history of the lack of products/services and existing liabilities owed to lenders holding significant debt and legacy preferred stock. As a team, we decided to take on the debt to make ECRY (later Bravatek) a real company with significant revenues from selling genuine products and services needed in growing market segments. In a relatively short time, we have developed and launched a full family of Ecrypt One cybersecurity email solutions (available on Amazon Web Services), as well as acquired telecom service assets, which we parlayed quickly into sizeable and exclusive POs for our newly formed Telecom Services Group—with the real potential of additional, even larger POs in 2016. These management decisions were certainly tough and agonized over, but in the final analysis, they were necessary in our view to get Bravatek on a sustainable track to profitable growth and enable us to explore new strategic partnerships, JVs and other rapid-time-to-market avenues to monetize our capabilities—both nationally and internationally.
And, yes—it is true—that the actions mentioned above created both pain and challenges for us as shareholders. Please realize that we are now regarded as a firm with significant potential by a small group of our convertible debt holders, as well as private equity sources we have been in negotiations with. We are now turning the corner by consolidating our convertible debt and attracting potential equity infusions to put us in a much better situation, as we recently announced. We still face challenges, but we do so knowing that we have a real future of sustainable growth—all orchestrated to provide our shareholders ultimately with high returns on their investment. New opportunities have arisen for us to expand our telecom services in another part of the country. We will certainly update our progress to you in the coming weeks."
Those contracts are from an 8K that was posted by Seeking Alpha. Check it out for yourself. Scroll to the bottom to see the originals:
https://seekingalpha.com/filing/3195944
So a photo of the original signed contracts that have also been filed in an 8k between BVTK and YKTG means nothing because someone posted it in a tweet?
We can smack you guys right in the face with legitimate facts and document's, but you can't see anything with those stupid blinders on your stupid sunshine face.
Thanks for the misinformation.
That's pretty much the same as it was on 3/31/2017. So it doesn't look like the O/S has been increasing.
This was a no bid stock 2 weeks ago and then you have 8 billion+ shares traded between OTC traders.
Think about some of the bags people are carrying from .0001-.0002. Once we get past all those flippers and shares change hands to longer term traders, the price will move higher. We are currently in a consolidation phase.
CEO has already stated that they are working to get the financials out. Nothing to hide here.
Acquiring Viking Telecom and combining their unaudited private company financials with BVTK's, signing new contracts + back logged contracts, and YKTG JV has complicated their financials hence the current delay.
This all should get resolved soon.
Going current will be huge here. So far CEO doing everything he's said he's going to do, so I wouldn't expect anything different for the financials. The financials btw should show some pretty damn good revenues. Viking Telecom had $7.5 million in back logged contracts plus the $10 million+ from YKTG JV.
Um maybe because the CEO was a high ranking government official for the Department of Homeland Security. IDK call me crazy, but it seems to make sense to me...
We have already seen signed copies for a JV contracts and P.O.'s totalling over $10 million plus they have a telecom company they purchased with a $7.5 million back log. We know they do legit business. Why would anyone suspect this is fake? Especially when the CEO of i3 is being quoted in the PR?
People need to wake up.
Do a little reading from the posts yesterday. People posted it over and over and over. I'm not doing the DD for lazy people.
Same owners, management, and sales team. Hell they even have the same fax number and i3 in their logo. Pretty sure they are the same company.
Same company!!! Have you even done any DD???
Company already has a $104 million contract with NASA. Pretty much 110% sure they aren't scamming. CEO's background as legit as it gets. Better start believing or you will be crying you missed the boat.
NASA is taking us to the moooooooonnnn??????
He'll be in a rocking chair with a bottle of Jack and a barrel in his mouth.
The funny thing is everyone is trying to speculate the value of this based on potential future contracts.
Has everyone forgot that this company signed contracts and purchase orders for $10 million+ in 2016? And they have $7.5 million is backlogged contracts from their acquisition of Viking Telecom. Those contracts alone put this above .01.
New contracts put this much higher.
We all know this is heading up soon. Either buy the dip or stop watching it and torturing yourself.
This is an incredible opportunity and those who have patience will be rewarded.
Okay you can think what you want. All I know is that Phil Oakley owns both companies and they have the same i3 design in their logo. Either way we are dealing with an owner who possesses a $104 million contract connection with NASA. No matter how you slice it, this is huge step for BVTK. If you can't see that I don't really know what else to tell you.
They are same company. Same CEO Phil Oakley. That's like saying Deloitte Digital and Deloitte are 2 different companies. You've never seen a company under multiple names before?
You really don't think they are the same company!? They have the same damn CEO listed. Are you BLIND!? Hahahaha
Cellucci took over this company around 2 years ago and it had been in existence 7 years prior under some really incompetent management that left behind an absolute mess. Here's an excerpt from an article quoting our CEO, which sums up and explains the reasons for the moves they have made:
"...Having said all this, getting to this point in our company's evolution brought pain for us as shareholders, and shareholders have rightly made that clear to us -- as they should. I wanted to share with you what our current Board and management team faced when we came to ECRY and how we needed to make tough decisions to get us on a much better path ultimately for our shareholders. Like Joe Friday, a character from a 1950's show "Dragnet" would say, "Just the facts, Ma'am." It's in this spirit that we address the tough road we encountered and the steps we're taking to exploit the opportunities now before us.
When asked to join the Board and weeks later asked to take the role of CEO and Chairman, I knew that this endeavor was filled with challenges -- to put it mildly. Our management team and Board inherited a 7+ year firm that simply had no products available for sale, no services nor revenue, coupled with a lack-luster balance sheet. Faced with no real prospects after working diligently to try to obtain sufficient financing, we felt compelled to obtain convertible debt finance due to prospective investors' concern over ECRY's history of the lack of products/services and existing liabilities owed to lenders holding significant debt and legacy preferred stock. As a team, we decided to take on the debt to make ECRY (later Bravatek) a real company with significant revenues from selling genuine products and services needed in growing market segments. In a relatively short time, we have developed and launched a full family of Ecrypt One cybersecurity email solutions (available on Amazon Web Services), as well as acquired telecom service assets, which we parlayed quickly into sizeable and exclusive POs for our newly formed Telecom Services Group -- with the real potential of additional, even larger POs in 2016. These management decisions were certainly tough and agonized over, but in the final analysis, they were necessary in our view to get Bravatek on a sustainable track to profitable growth and enable us to explore new strategic partnerships, JVs and other rapid-time-to-market avenues to monetize our capabilities -- both nationally and internationally.
And, yes -- it is true -- that the actions mentioned above created both pain and challenges for us as shareholders. Please realize that we are now regarded as a firm with significant potential by a small group of our convertible debt holders, as well as private equity sources we have been in negotiations with. We are now turning the corner by consolidating our convertible debt and attracting potential equity infusions to put us in a much better situation, as we recently announced. We still face challenges, but we do so knowing that we have a real future of sustainable growth -- all orchestrated to provide our shareholders ultimately with high returns on their investment. New opportunities have arisen for us to expand our telecom services in another part of the country. We will certainly update our progress to you in the coming weeks."
All the moves were necessary to set the company up on it's current path.
As far as the financials go, they have taken on debt, aquired Viking Telecom, entered into a JV with YKTG landing $10 million+ in contracts, etc... All these moves within the company as well as taking on the assets and finances of a private company (Viking) whose probably never been audited for the purposes of accurate SEC reporting would likely cause a major delay in the filing of their 10q's & 10k.
I see a company being led by a great CEO who is doing everything within his power to put them on the right path even if he had to make some tough not-so-shareholder-friendly moves along the way. He has made the tough decisions and now seems to have the company positioned and set up for major success.
Yeah their books are crazy right now with Viking acquisition, big contracts, and JV. When they finally get their 10K out there's going to be so many goodies in it.
But as you like to point out they did a 1 for 2500 reverse split so I'm not really worried about all those notes they issued lol
Well that's what usually happens after an RS. Not sure what's so funny about that.