Bulova Technologies Group Inc (fka BTGI)

[UpOrDown]

Just received an email from CEO, Mr. Gurba

Hi guys,

so I did contact him again today to see what I could find out about whats going on here as love and light suggested and I encourage anyone to do the same.

It is dilution by a debt holder who has been offered the prefered A & B shares but has not yet accepted. (maybe he is testing the market to see what he can get out of shares before he decides or maybe he just wants the cash, not sure)

according to Mr. Gurba there are 3 debt holders right now who he is trying to negotiate with and remove those notes from the market.

Either way the good news is that the debt is lowering little at a time whether by controlled dilution or by preferred shares.

This particular debt holder seems like he does not want to sell his shares too cheap so its a great sign moving forward.

I hope this helps

Long BTGI :)