Bravatek Solutions Inc (BVTK)

[Erie]

Many of this morning's posters aren't paying attention to the big distinction between the size of the DP contract and the profit to the bottom line.
If the JV gets 150 m of the 300 m contracts (as DO tweeted), the JV then has to cover all the expenses on its half. I have no idea what the margins are on this kind of work, but if we assume a profit range of 10 to 20%, the net to the JV is 15 to 30 m. That figure will then be split according to the ratio between DP and BVTK.
We could conservatively count on 7 to 15 m over the life of the contract from this announcement. Obviously very different than 150m some expect.

I'm long this stock. Not bashing, just trying to be realistic in our expectations.

Erie