is...finding the next runners
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A great start. Tom said week wasn't over yet and sure enough he threw us a bone. He really restored confidence in some doubters
30% of net profits for expansion funding and comprehensive project management consulting
40% of net profits plus interest for additional short term funding for projects.
Bravatek will also get the 40% of the net profits secured by this Agreement
Big difference between avoiding a de-listing and enabling an up-listing
A common reason for a RS is that the PPS of the stock becomes so low the stock is in danger of being de-listed. That doesn't apply to BVTK. Our pps is rising and we are already in the OTC. So there is no threat that would force a RS out of desperation.
The only GOOD reason for a RS in the case of BVTK is to help reach the PPS required ($4) to uplist to NASDAQ and thereby graduate to a higher level that will attract bigger money.
I would love to see no RS, but if we do go there one day I hope it's for the right reasons.
IMO
I would love to see it
It would need to go up 266,566% to reach $4 (NASDAQ listing requirement)
I was using DRYS as an example of when a RS is bad, i.e. a stock killer. I am not comparing BVTK to DRYS. I am using DRYS as an example of when a RS is done for the wrong reason. I respect your view, but please read and comprehend my post before you attack it. I am long BVTK, I'm not bashing. Just trying to calm the imaginary RS panic on this board. Again, if an RS is done to uplist, I'm all for it. If an RS is done to make a greek CEO richer, I am against it
Shotsky you have a way with words. That's exactly what I was getting at. A RS in and of itself does not reduce shareholder value. It has a stigma associated with it because it is usually done for the wrong reason
I am aware that Tom says he has no intention to do a RS. And I sincerely hope he doesn't. Unless it is to uplist. That would be a reason I would agree with.
Yes, that is why I said a RS usually makes a stock crash. I used DRYS as an example in an earlier post. But a RS in and of itself does not affect a stockholders % ownership of a company. Since it is usually done for the wrong reasons, yes, it is usually bad for shareholders. A RS done for the reason of uplisting (a good reason) would be the exception to that 'rule'.
CJ, I know Tom says no RS. I believe there will be no RS. But I am just trying to make the point that a RS is not the end of the world if it does happen
I agree, but that is due to a myth that a RS is always bad. Really, an increase is Outstanding or Authorized shares kills a stock more than a reverse split, in strictly mathematical terms. People hate the idea of a RS because it is usually done for the wrong reasons, and yes, it usually causes a stock to crash. If BVTK does a RS to UPLIST that is a GOOD reason and I will embrace a RS if it is done for that reason.
Why is everyone so worried about an RS? A reverse stock split diminishes the total number of issued and outstanding shares of a company's stock, but it does not affect a shareholder's percentage ownership of the company.
Yes, a reverse split is usually bad, in that it usually (not always) makes the pps go down, because it is usually done when the pps is down in the gutter (see DRYS). Some stocks are dilution machines/scams that have no real income, crooked CEOs etc.
But sometimes a RS is used to create an opportunity to uplist. Don't forget, when the price per share is changed due to a RS the AMOUNT OF OUTSTANDING SHARES SHRINKS in proportion to that change in pps. The market cap remains the same, and you still own the same % of that market cap as a shareholder.
The bigger danger here (and anywhere) is an increase in Outstanding shares (further dilution) . An even bigger danger is an increase in Authorized shares (enables even more potential dilution). If there is a reverse split (which in and of itself does not amount to dilution) and shareholders panic because they don't understand what is really happening, I will gladly scoop up shares during the irrational panic/overreaction that ensues.
Congrats Longs! Great day!
I like your optimism Angelo! I agree weak hands are out and 6s were rare today. Those people who got 6s probably had their buy orders in long ago, and they got lucky.
Remaining strong hands refuse to capitulate.
I like what I'm seeing
I think we will close at .0008 today with a last second ask slap for 10,000 shares
Less than 12,000,000 shares have traded at .0006 today. I'm guessing people getting 6s had their buy orders in a week ago.
176,000,000 on the bid at .0006 lol
167,000,000 bid at .0006 and growing
113,000,000 bid at .0006 and growing
Agree it looked weird. It was as if the MMs were desperate to paint a .0010 at the EOD. A 10,000 share ($10) paint job with 10 seconds left to keep her lookin pretty
I noticed that too Moe money. Just before the close
LOL another 10,000 share paint job to end the day
Could be a MM or someone with access to commission free trading platform who keeps slapping the ask for $10
.0010 buys are mostly 10,000 share ask slaps. 10,000 shares is a $10 transaction. Someone keeps paying 10 bucks plus commission to keep this baby up there. Hmmmm
Yep. 10,000 share ask slaps all day, just like Friday
Thanks dorf1983 I am using your BVTK app on my phone
Okay thanks man I will do that
Can MMs accumulate a lot of shares on the side and then put up walls which influence price action, in effect becoming both MMs and traders at the same time??
I was watching level 2 Friday and I saw a lot of ask slaps for only 10,000 shares each, which helped keep us in the tight channel between .0009 and .0011. Seems to me that either the MMs don't want it to fall too low or longs are slapping when needed to keep this on life support until news comes out. I'm still long 5 mil shares.
That was a certificate of goodstanding from the state of Colorado, not enough to get stop sign removed. 8K's and 10Q's need to come out. And CJ said Edgar filings need to be current.
EDGAR (Electronic Data Gathering, Analysis, and Retrieval) is an online public database from the U.S. Securities and Exchange Commission (SEC). EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC.
If a temporary drop in PPS is what it takes to shake out weak hands it's a small price to pay. Once the shares are in the strong hands of people who know what they own we will wish we would have loaded more at these prices IMO. Long and strong, locked and loaded BVTK.
Lower volume tells me flippers are starting to leave. This stock is holding up partly due to a lot of 10,000 share ask slaps. We may get another chance to get cheapies next week. If so, I will continue accumulating.
Thanks whoever slapped the ask EOD
May 19, 2017 - By wolcottdaily, Norman Observer
BRAVATEK SOLUTIONS INCORPORATED (OTCMKTS:BVTK) had an increase of 297.97% in short interest. BVTK’s SI was 3.55 million shares in May as released by FINRA. Its up 297.97% from 891,500 shares previously. The stock decreased 9.09% or $0.0001 during the last trading session, reaching $0.001. About 597.80M shares traded or 3.67% up from the average. Bravatek Solutions Inc (OTCMKTS:BVTK) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.
Link:https://normanobserver.com/pennsylvania-trust-co-upped-by-2-94-million-its-chevron-new-cvx-position-bravatek-solutions-bvtk-si-increased-by-297-97/
I appreciate that Richkat, I was helping slap the ask over the last few weeks. Now I am hiding in the bushes waiting for opportunities.
Got filled at .0009. Brought my avg price per share up a little, but I'm glad I got filled. Still have buy orders in at 8,7,6,5 if y'all want to let 'em go.
Even the fattest kid in the pool can't keep the beach ball underwater forever. If you think it's being manipulated down, get artificially cheap shares!
550 mil shares at .001 is only $550k traded. A lot of that is flippers buying and selling 3 times intraday.