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Big volume selling today. Wonder if that is the convertible debt going off. Will have to check the debt terms again later. Not looking good IMO.
Bunch of bs.
I actually think this is a reasonable approach and something I also track with other stocks that only really have options/warrants that can create an overhang on the stock.
In my experience with the sub pennies is you will get solid technical indicators, but a seemingly endless amount of shares being sold with automatic 40% gains that can never confirm the move. The convert debt shares are converting at $.00042 and selling them at $.0008. There are billions of shares available to do this.
I haven't seen one sub penny stock yet able to defeat the toxic convertible monster. The results are always reverse split after reverse split until they become a non-filer. IMO this is likely to happen again to BVTK with a third reverse split. They will likely be in the convertible debt death spiral down to no bid x $.0001.
Best of luck.
I would be interested in hearing how you model in the millions if not billions of convertible debt shares at 40% discounts for your technical indicators.
TIA!
Bunch of BS IMO.
PR = convertible shares for sale IMO.
Tommy Boy needs some better news and real results instead of this Tuitio.
BVTK doesn't have any institutional investors and Elon has a ton of his personal wealth invested in the company.
Tommy Boy owns $200.00 worth of stock that is also pledged as collateral to one of the convertible debt holders.
The whole thing is very sad at this point IMO and set up to do another massive reverse split wiping out any hope for existing holders.
Best of luck!
IMO the only growth in BVTk is in the share count and debt burden.
The company's business was in decline QoQ in the reported results so far in 2018.
I don't see any updated notices on the database. A patent on 10 year old software no one is using is essentially worthless even if it does get granted. I would argue anyone saying otherwise needs to buy a clue.
Maybe good for a one day bump to hustle out toxic convertible debt shares but that is about it IMO.
BOL
Agreed. Thinking we see a 2500:1 RS. Wouldn't be surprised to see the PRE14C filed any day on it.
Tommy Boy needs some actual real news. This Tuitio / ecrypt stuff is worthless IMO. The next round of debt conversions could be nasty.
$.0007s getting tapped now.
Tommy Boy needs some real news and not facebook posts.
What exactly is the patent going to do to get more sales?
Welcome to the convertible toxic death spiral. Hint, its nearly impossible to stop.
Getting time to file the Pre 14C for the reverse splitty.
Tommy Boy needs some actual real news.
This is not how accounting or financial reporting works. Funny though.
100% Agreed. $.0007s now being sold. Not looking good.
IMO he is getting conversion notices and putting out any kind of PR possible to help with liquidity. Also think note holders are knowing its near the end of the liquidity and its becoming a race to convert as much as possible before no bid x $.0001.
Seen this story too many times.
Read through the 10q. Looks like a disaster. Will need to give it a second look through.
Did Dean update the chart yet?
Should be sometime today if they are going to timely file. I look forward to reading the updated disclosures.
BOL
IMO these PRs are desperation gambits to get people to buy shares and keep it out of trips. If we see the 5M block share seller again like yesterday its going to be trouble.
Tommy Boy needs some real news.
Come on Tommy Boy. Now $.0010s getting pressured. Only 12M left on the bid. Need some really good news.
IMO PR sounded like "We have shares to sell". Going to be interesting trading today.
Binding Letter of Intent is pretty funny. Don't they know its either a signed binding agreement or signed letter of intent. A Binding LOI is hilarious!
AKA we got shares to sell. Please buy our convertible debt conversion shares.
Patent Law has been a disaster for four years after the SCOTUS Alice ruling. Just about every software patent is dead on arrival in District Court for 101 eligibility issues.
What you were told was total nonsense spin. If there was any value to the software it would be selling millions of dollars worth of downloads through AWS years ago. IMO its all a story to sell convertible debt shares to true believers.
Tommy Boy needs some real revenue with a Net Profit on an actual viable business.
IMO reverse split on the horizon sooner than later.
Best of luck.
Right on cue with the 8k for more convertible debt. What a joke.
Darkpulse taking on convertible debt now. Not looking good for the jv partner.
Trend reversal back down. Yikes.
Also wouldn't be a coincidence to put out another fluff PR announcing a new IR firm. Maybe someone else can find buyers of convertible debt shares. Twitter/Facebook postings are not getting the job done.
Wouldn't be surprised if this announcement was step 1 for Tommy to transition out of BVTK and into KLMK. Let the Boltons manage BVTK. Just a WAG.
WOW $.0012s getting hit. Over 50M just wiped out the Bid. Yikes.
Looks like trend change back down. $.0013 bid now gone. Will see if $.0012s hold or the seller gets aggressive again.
I fixed it.
They still have 1.4B shares to run through until they hit the cap again. I am expecting a R/S sooner than later.
Copy and pasted:
Update: Hi Folks! Sorry that I've been so busy. Here are some recent activities that you'll see PRs on, etc.: Bravatek was offered a lot more equity investments recently; we hired an IR firm; our consumer software product's final test is completed and the store-front on BVTK's web site is in final test; patent attorneys are bullish on Ecrypt One's patent status, business is brisk--and our team is truly pumped up about Google's strategic plan for promoting our software products...LIBE: I will not take any more questions on this topic. While we're sorry Mr. Conway was ill and we understand his wife left him and he lost his home and moved back to his roots, we are convinced he stole monies we provided LIBE from our JV and he owes us money for software we developed. No matter what--integrity and honesty is paramount at Bravatek--and although we feel sorry for a person who swears on his children's lives--as we know the truth and will pursue our interests legally if necessary ... AMBICOM: We have no JV with them and have given them no money--period! IHSI: We are pursuing potential sales for their energy efficiency capabilities--period. Finally--folks are literally texting me on weekends starting at 4:30 AM, etc. The IR firm will handle all correspondence henceforth. Best, Tom
I translated his post. Convertible debt shares are about to hit. Please buy to keep us out of trips.
IMO its pathetic.
Hurray the lawyers approved an 8k! AS raised to 10.6B. Great work Tommy Boy. Keep them coming.
Yikes. Wonder if he calls it a day and passes it to the Boltons and move full time to Darkpulse where he has a material ownership stake.
How many shares does Tommy boy own?
Just waiting for the convertible debt shares to tap the 13s. Need some real news Tommy.
Rolling out all the classic otc moves. Finalizing financing and letters of intent.
Imo a good scheme to sell convertible shares to newbies.
I look forward to the 2Q 10Q.
Not allowed. The board is to be focused on BVTK and any other company is considered offtopic and will be deleted.