No R/S, at least it lets us know things are getting updated. News will follow.
Tom previously stated there was dilution and it was a necessity. I'm not surprised, I didn't believe a buy back was happening for sure. As long as we can get news with some half decent numbers, all will be good. Risk? Absolutely, this is the OTC. A good shot at making some good money, IMO absolutely.
Do I believe Tom is legit and doing everything he can to make this a success? Yes. One simply doesn't go from serving the White House, accredited author, highly respected in his field, extremely educated, family man who is already wealthier than most of us dream to risk it all running a penny scam. Does that mean all the shareholders will benefit? Absolutely not, way way more businesses fail than succeed, 98% aren't scams, just simply failed businesses. I have looked at the situation and said to myself. Given all variables, I'm willing to put money here and believe I will benefit in the long run. Its THAT SIMPLE
So either accept the risks, and buy or don't and sell and go away, no reason for anyone to stick around who cannot handle thing type of risk. If you can accept it....don't bet the mortgage, and talk about the potential merits, and discuss risks in a reasonable manner.
$$$BVTK$$$
Bravatek CEO's Letter to Fellow Shareholders
AUSTIN, TX / ACCESSWIRE / June 1, 2017 / Bravatek Solutions, Inc. (OTC PINK: BVTK) released the following letter from the CEO to its shareholders:
Dear Valued Shareholders:
I am writing, in an open and forthright way, to address both the opportunities and challenges before us. Many of you reach out on a regular basis to encourage us to continue with the progress we have demonstrated in creating top-tier, patent-pending cybersecurity software products, tools, and systems ("Telecom tower services").
Since the establishment of our tower services group through the acquisition of Viking Telecom assets in June 2015, we have recently announced the addition of Pauline Ewald to our team through a recent Press Release. She is already developing opportunities through our strategic partnership program in this space. We will update you on the results of these activities shortly.
Ecrypt One continues to attract attention and interest. Since its launch on Amazon Web Services (AWS), we have been working diligently on placing the solution within a variety of strategic environments. Most importantly, we have been able to attract sales talent like Mr. Jim Brown, who will aggressively leverage our recently announced $20B SEWP contract vehicle, as well as his formidable contacts in the markets we target: US government, financial institutions and healthcare firms, to close business.
Through a strategic agreement with the Network Centric Operations Industry Consortium ("NCOIC"), NCOIC has agreed to not only use Ecrypt One, but also provide us named sponsorships for some of NCOIC's business engagements, present our capabilities at NCOIC meetings such as the one recently held in May 2017, and allow us to disseminate certain promotional pieces via their website and mailings to their worldwide contacts.
Placing the product with the NCOIC has already provided us very important exposure to large enterprise and government organizations such as the Pentagon (DoD), US Department of Homeland Security (DHS), NATO and many others. Exposure to these entities could result in significant orders through our pilot programs, and potentially accelerate licensing deals associated with Ecrypt One's IP.
Although the past has not been without challenges, we are genuinely optimistic about the future - for many reasons
Our Board remains convinced that it is acting, and has acted, competently and in the best interests of the Company. We have identified multiple firms as ideal partners, and even potential acquirers of Ecrypt One. We are, in fact, working with potential equity partners negotiating deals. Interest in Ecrypt One is strong, and we are exploring all opportunities and will continue to update our shareholders on our progress. The Company completed the development and full, rigorous testing and evaluation of the software, and the Company launched a tower services division and retains highly-qualified personnel to secure even more purchase orders.
Have the Company's previous funding requirements necessitated dilution of the Company's shareholders? Of course they have. But the Board unfortunately pursued all other options to no avail and proceeded as it deemed appropriate. However, you should know that the Company strongly believes it is owed in excess of $6.1 M from contractual obligations from others and we intend to rigorously pursue any and all legal means to obtain these funds.
We are working tirelessly to bring on more and more qualified crews for our telecom services business to convert our sizeable orders into sales rapidly, knowing we must maintain the highest quality of service to our customers. In addition, we are aggressively pursuing more business opportunities with current and future clients for both our cyber software products and tower services.
We are strongly viewed as a firm with significant potential by both equity investors/partners, as well as other firms looking to increase their own value. We continue to attract potential equity infusions to catapult us more rapidly in our targeted markets and are in negotiations to consolidate debt and accept an equity infusion.
We are poised for a successful 2017 and beyond here at Bravatek and sincerely appreciate your continued support and feedback as we embark on the robust business opportunities that await us.
Sincerely,
Tom
Chairman & CEO
