Bravatek Solutions Inc (BVTK)

[TenKay]

This is the worst type of financing available. These types are referred to as "lenders of last resort". The terms of this financing are terrible even by penny standards. A 40-45% discount is bad enough but it is against the average of the lowest 3 bids over the previous 20 days. 20 days is a huge window...and it is against the bid, NOT actual trades or closing prices. Those terms tell me that even the toxic financiers aren't sure about being able to get their money back easily. Also those ACH payments are either on top of the conversion feature OR are simply a mechanism for the debt to default early.

And on top of that we learned they converted just over $900K of convertible debt and interest for over 6.7 Billion shares in the last year or so...The average conversion price was 0.000133!!!

However in May and June they ADDED $1.3 million in NEW convertible debt. Their convertible debt is going UP as recently as last month.

There is nothing behind this company. No "Series" anything financing either. This isn't pre IPO or Reg A financing. Sheesh.

It is "toxic death spiral" convertible debt financing. The worst of the worst in the penny world.