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Wednesday, October 11, 2017 4:34:26 PM
Do I think there is something to the information in the 8K? Sure. But the real question is whether it has a realistic chance of over $20 million showing up in BVTK's bank account in our lifetime?
No idea.
I remember one penny stock that had honest to goodness PO's and subsequent invoices in the millions that were disclosed and shown in the filings. they declared the revenue, had actually shown the amounts and everything.
The stock ran rather well on all of that. But then as the financial quarters went by, the AR remained, no collections...and eventually they had to write off the AR...nothing was EVER collected.
The SEC eventually suspended...but that was almost 2 years after these PO's/invoices showed up. At that point it was clear that by intention or not...those invoices never had a chance of being collected on.
All I am saying is...its the OTC...the company has put out an 8K with some attractive information. Would be nice to be able to independently verify it...so until then investors will have to decide how much they can rely on it.
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