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Tuesday, May 02, 2017 12:08:40 PM
Some are wondering, where is all the rotten dilution coming from?
A little digging will reveal that $BVTK Noteholders have at least 1.6 billion shares to dump per the publicly available filings:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11551690
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11779258
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11606507
The problem is that $BVTK is delinquent and has not filed its annual report, and so one can only wonder how much more in toxic convertibles exist in addition to the 1.6 billion shares mentioned above. The daily dumps to not appear to be slowing, and probably for good reason, as noteholders are converting their shares for less than .0001 and selling at market.
Take for example the below conversion terms:
66,790,353 shares issued for a measly $3,600 debt equates to a convertible cost basis of .0000539.
Until $BVTK provides transparency to the extent of the current debt situation, there is no assurance that a R/S will not occur, regardless of wishful statements from the company.
Noteholders are relentlessly selling day in, day out, so that begs the question, why are noteholders selling so incessantly? Could it be that noteholders don't want to end up with fewer shares due to an impending R/S?
GLTA... this information may be helpful to some, and others are welcome to disdain it; however, one cannot effectively argue against the verifiable truth. The truth hurts sometimes!
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