Interesting theory from a Facebook post...
?Jonathan Curtis Taylor? to Bravatek Solutions, Inc. Stock Fanpage - BVTK
6 hrs · Boone, AR ·
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Interesting speculation(not from me but just sharing):
A company is not required to announce a share buyback through an 8K. The SEC only requires the company provide detailed information regarding the share structure which includes repurchases. This is exactly what I suspected they would do. Get all the contracts in order, silently repurchase shares, announce 10-K.
Why would a company keep it silent? Why would a company not complete financials before they had an equity investor? They wanted to keep the price down, so they could buy back at a reasonable price. Under rule 10b-18 of the SEC a company must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted. Also, The issuer can't purchase more than 25% of the average daily volume.
Enter the t-trades everyone has been seeing the past few days. The company enters their bid at the end of the trading day based on the last transaction price quoted. Market opens on company's bid and reports the trade at end of the day.
I think they had a large equity investor buy in last week, so the company could absorb a large percentage of the outstanding. I also think that the Ecrypt One patent was approved, and the 'you'll poop your pants' news is going to be a buyout offer from Microsoft or Amazon (think...they went through a rigorous trial test with Amazon Web Services). This buyout will easily be in the $5-10 billion range strictly due to the fact they have a patent approved, autonomous, cyber prevention software. The $20B government contract vehicle alone would make this a $5B valuation. It's an almost guaranteed immediate return on investment for any company interested
