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Not true.
Having been in many pinkies big and small, Tom isn't doing anything illegal simply because he isn't being specific about his "hype". CEOs of all kinds of companies will talk up their plans in a vague manner and it's not illegal.
Vague optimism is not a crime.
Fact: None of that has stopped the daily momentum.
Excuse me there is no SEC halt on this. Prove it. Stop sign does not equal a "halt" in trading.
Totally. My first 10 OTC stock buys were the types where I valued the news and that was my DD. Then I learned by reading others and researching successful trade strategies.
One thing I used to always do is argue on the boards about earnings and share floats but always learned that the OTC is not NASDAQ.
I was in a stock with high O/S (over a billion) and nothing but promises from the CEO. Buzz grew it until the company couldn't grow like they promised, so it dropped like a rock and was eventually suspended for issues involving their PRs.
BVTK has more than that, so never say never with regards to PPS. PPS in pennyland is as simple as volume and speculation. Good speculation leads to highs that sometimes don't make sense. You cannot value a stock like BVTK like Google. Over time if Tom wants NASDAQ, filings are current and looking good, he can always make deals to lower the A/S and O/S through buybacks or other ways companies deal with their share floats (preferred shares, etc).
Buy, don't buy, your call and appreciate you being level headed in your arguments.
Speculation is how the entire OTC markets work. Positive speculation leads to runs like we are having. Let's face reality, people will come here and try to bring us down but the fact is with all kinds of OTC stocks that rise quickly - people buy on good news, good info, good DD. People will dump if things don't smell right. Problem for many is they want to turn these stocks into NASDAQ issues which, honestly, go up and down solely on facts. OTC works so much differently and BVTK is showing this. Good info, good DD, good news will lead to buyers, price rises, more buyers come on.
Good times.
Exactly. While some want to play the desperate sell at all costs argument, this is climbing and holding with buys all over the place. It does make you wonder what the agenda at play is when the facts counter all of it.
Yet, somebody else is buying.
I love IHub. So explain to us how it's all manipulation? The charts don't hint at any such thing.
LOL, this "Pig" sure knows how to fly and does so most days of the week. Every once in awhile it drops a bit due to flippers getting their cash out.
Sure is all I have to say to this guy and others. This compnany bounces back after sell offs. To me it does not play like a typical billion share pinky. I've said it once, I'll say it again, share count doesn't matter in OTC world as long as the company follows up with news that is verifiable. OTC stocks are a speculators game. If speculation is positive, stocks churn, hold and climb. This one does all of it because the speculation of good things to come keeps up the interest which results in keeping this up and gaining.
So anybody lecturing about R/S or losses or whatever don't understand how stocks in the OTC trade when speculation is positive.
Yep, some guys I've never seen post here made some predictions we'd be trips or .0019 or some such silly stuff. No basis in fact, just negativity.
The PR helped today as is the fact that the loan doc we saw a pic of backs up what the money is going towards.
So much for the doom and gloom nonsense. This thing recovered like it always has.
6.1 million+ due to the company. If you ignore that you are blind.
...and Tom has publicly stated that the company is expecting over 6 mil in accounts receivables. So what? Until we see the 2017 10K all this pearl clutching and faux concern is meaningless.
And if you paid attention to the posts Tom has sent to others, there is over 6 mil+ coming to the company, so what?
Let's all wait for the 2017 10K and see if he's right. If not, I have no problem questioning him. Toxic debt is meaningless if there is revenue coming. If it was a trips POS Pinkie, yes, I'd be very concerned about it because those companies do nothing but print shares.
Okay yet Tom has publicly stated the company is owed over 6 mil which should be on the 2017 10K so this "toxic debt" is not anything compared to the 6 mil and possibly other deals we know nothing about...yet.
Sure it will.
Here is the link again for the 10k.
https://www.sec.gov/Archives/edgar/data/1449574/000147793217003466/0001477932-17-003466-index.htm
I am with you. I am no rookie when it comes to otc stocks. I've been in winners and losers. I feel good about this one for many of the reasons you state. I can always tell when a company is a backroom share press and those trying to grow. Debt happens with otc stocks, the key is what they are doing to grow vs just talk.
Funny thing, if this were viewed as a phony share press op, this would drop back to trips. With the amount of shares out there it should have happened. It hasn't.
Just my thoughts and experience...
...but if Tom isn't kidding about these poop our pants deals these debts are easily paid back.
Dont need to i cut and pasted out of the form. Sounds like you haven't read it.
Signed by auditor of record: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of Bravatek Solutions, Inc.
We have audited the accompanying consolidated balance sheet of Bravatek Solutions, Inc. as of March 31, 2016 and the related consolidated statements of operations, stockholders’ deficiency, and cash flows for the year then ended. Bravatek Solutions, Inc’s management is responsible for these consolidated financial statements. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Bravatek Solutions, Inc. as of March 31, 2016, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, under Uncertainty as a Going Concern , the Company has suffered recurring losses from operations since inception. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plan regarding these matters is also described in Note 2 to the consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Revenue
During the fiscal year ended March 31, 2016, the Company had revenues of $391,872 as compared to revenues of $190 during the fiscal year ended March 31, 2015, an increase of $391,682. The increase in revenue experienced by the Company was primarily attributable to the launching ofEcrypt One during the year ended March 31, 2016.
Do what you want but they listed revs.
The 10k lists revenues, you are wrong.
2016 10k. When the 2017 one is released then we will have a clearer picture of what Tom is doing. For now, people need to not panic and remember that this 10k reflects the chaos that Tom and others have been fixing. If 2017 looks as bad or not much better, I will be asking what is going on but I have faith so I'll wait.
That is one way. An RS is bad when a company is still on the pink sheets. I guess we wait and see how Tom will do it.
I'm not. They sold to make a quick buck despite all evidence this would climb eventually.
It always kills me when people warn me about stocks that the poster made great money on. If he was diluting, this thing would drop like a rock, fact and you know it.
I am super experienced and none of the usual signs of reverses or dilution are true here. If they were, this thing would be done solely on the idea of Tom's lateness with fins (and I admit this annoys me greatly).
Fact: Every stinky pinky I got into where the things you mentioned go nowhere and hang around the .0001-.0005 range. That is the result of dilution to the max and nothing else going on.
Tom swears no R/S and he swears that he is working with the toxic lenders, MANY OF WHOM were already involved before Tom took charge. The previous R/S are the usual play by a CEO trying to get a handle on a company that was mismanaged by the previous team.
But hey, call me a loon if you like but at least you can say you made some money here. Not sure why somebody who made good money has to post such a thing, but whatever.
So have many politicians and celebrities. It's meaningless. In the end Tom is running the show.
No RS coming.
All publicly traded ceos are vague. Nobody will ever give you 100% of what they or the company are privately discussing.
Nothing has been debunked. No rs.
No, it's not an option as there are many others. The info is tom saying this in many replies to shareholders. Please stop trying to sell something that, for a company expected to have income, is easily avoidable.
No rev Pinkies do R/S. The revenue generating ones buy back shares.
I believe he needs to stop responding to people who repost stuff here and then it gins up the negative posts. I have no prob with tweets, prs or Facebook as long as it has facts.
He will buy back. If they get all the deals he promises in place there will be ample cash to buy back and retire shares. Anybody who comes in here to push this ridiculous rs is good argument is just wrong imho.
Not gonna happen the way you and others sell it. In the otc rs stocks drop dramatically on an rs.
No, he said no rs.
Its legal to disperse news via Twitter. A lot of companies do it. Not a thing to worry about.