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Probably up a good amount after last weeks action.
Volume dead again. Wonder if they ramp it back to $.0020s to convert all of the convert debt again like last week.
Someone still hitting $.0014s. Come on Tommy Boy.
$.0014s getting cleared out. Where the buyers at?
Another PR move to hustle out convertible debt shares. Wonder if the $.0014s hold up today.
I see it way different and terrible for companies like BVTK. It will be a race to the bottom with the convert debt holders not wanting to hold the bag at no bid X $.00001.
I think we see an acceleration of convert stock hitting and whacking the bid all the way down.
We will see.
They should halt and delist hundreds of these entities.
Just about every sub penny stock with more than half a million dollars in convertible debt is a sham entity to get the CEO / family members paid. The only funding option is convertible debt, which locks in a nice profit for the lenders as long as the stock stays liquid and can trade millions of shares per day. Their only risk is if it goes no bid.
If any of these companies had real technology or a worthwhile business plan they could raise money from family/friends, VCs, or traditional banks/technology lenders (IE SV Bank).
They all end the same: reverse splits, new business plans, new tickers, no bid, and go dark forever.
Thirteen Million on the ask at $.0017. Where the buyers at? Seems like a race to trips then a reverse. So predictable.
Come on Tommy Boy.
Seen this story before: Convertible Debt Strikes Back.
BOL. See you in low teens / trips.
Classic sell the news action so far today.
$.0015 / $.0016 today.
At least this MAP is a step up. Doesn't have a history of owing the IRS thousands of dollars, hasn't filed bankruptcy, or foreclosed (sheriff sale) out of their house.
It is still a worthless 3 month old company being used to hustle out convert shares. 100M of them yesterday. Debt holders I am sure were very happy.
These MAP/SAAs are all worthless used to hustle out convertible debt stock. Expect a pop and drop right back to $.0014/.0015s. So predictable.
Haha another MAP. Come on Tommy you gotta do better than that.
Hoping to see some real news. If they drop a press release or 8K with another worthless MAP it will be very disappointing.
In positive news volume has slowed down and its clear the toxic convert notes haven't been converting and liquidating of late. Wonder if it lasts.
Just waiting for the next round of toxic debt conversions.
Wonder when the next round of convertible shares convert and liquidate into the market. Starting to look ugly again. $.0014s cleared out with $.0013s on deck.
Here is what the auditors state:
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. During the year ended December 31, 2017, the Company incurred a loss from operations of $289,756 and cash of $180,573 was provided by operations, inclusive of increases in accounts payable of $249,216. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
A substantial portion of the loans are also due within the next 7 months of the year.
IMO this is a trainwreck and I expect a really big pump PR Monday to take the focus off the reported numbers. If no PR look out below.
Those numbers are absolutely brutal. Declining year over year revenue.... The Darkpulse PO invoice pumping was all worthless.
The other question: is there enough cash flow to pay down the liabilities that Helpcomm has accrued ($900K) or are they going to default on the loans/lines of credit?
Not sure what is to understand. A ton of toxic convertible debt. As part of the Helpcomm deal they are also taking on a $900,000 in additional liabilities with $400k due in September.
Going to need additional convertible notes to help pay for that. IMO trips and reverse splitty on the way. Next large conversion round is going to be rough on the stock.
The patent looks to cover worthless 12 year old technology as well and was issued before significant changes in US patent laws by SCOTUS and Congress.
This is 100% wrong. The University owns the patent and is able to license/partner/sell the patent.
IMO its setting up for another conversion dump in the near future. Wouldn't be surprised to see trips.
Ask wall forming at $.0014s. I see 20 million shares up for sale. Bid at $.0013 keeps getting weaker.
Appreciate the correction. My point still stands, it was a delay tactic for reporting Q3 numbers.
Changing the year end date to delay filing the 10K. IMO if the numbers were good he would have preannounced unaudited numbers in conjunction with the delay.
Equally important is the cash flow. If BVTK reports revenue especially from Darkpulse they better not bury the entire thing in accounts receivable. That will be the tell if it is real or not. If they received cash it is real and actually investable. If its in accounts receivable, Tom is just playing another shell game to keep selling toxic convertible notes.
TLDR - Cash = A+ ; Accounts Receivable = dumpster fire.
Someone slapping the $.0013s already this morning. Trips and reverse split on deck? Not looking good IMO.
Less than 1%. Have you tried downloading it and using it? It’s vaporware supported by one employee in his house.
I am not wishing for either. Just follow history of this ticker and the players that hold the convert debt. They all end the same, trips, no bid, reverse split.
I look forward to the financials to be filed so I can finalize and submit my complaint to the SEC and FINRA.
Seen this story before.
Stock gets crushed from dilution toxic convert notes. Dilution stops for a day or two with the stock dead cat bouncing on promise of news. I am sure purported people "in the know" are promising others big news is on the way and to keep buying. Meaningless pump news hits that crushes the stock again as another round of dilution toxic convert notes kills the buyers again.
Trips and then a monster reverse on the way IMO to wipe everyone out and start fresh.
$.0014s now cleared out. $.0013s now on tap. Trips then reverse split on the way IMO. Going to get very ugly.
Someone just cleared out the $.0016s. Could waterfall to trips if the convert holder has a lot of shares to sell.
Must have gotten a fresh round of convert notices. Someone has been hitting $.0016s all day.
Didn't Tom say that Darkpulse was valued at $1.5B (LOL)? BVTK would have to issue Dennis nearly a trillion shares (937.5B to be exact).
I can't wait to see the filings if this ever goes through to further prove both companies are complete jokes. One being ran out of 1 bedroom in Arizona and the other being ran out of a million dollar house in Virginia. Whatever it takes to pay the mortgage I guess.
Someone pounding $.0016s all afternoon. Could waterfall down any minute. Tom needs something good announced tomorrow or could get ugly very quick IMO.
Great PR today Tom. Someone is selling $.0016s and $.0017s all day. Pathetic.
Can't wait to see the financials. IMO going to be a disaster. Wouldn't be surprised with another delay tactic such as firing the audit firm at the last minute.
Very disappointing PR. Not going to move toxic convert shares with this one. PC optimization is very 2005. Gotta do better than that Tom. Someone going to hit .0016s all day.