Bravatek Solutions Inc (BVTK)

[TenKay]

That is going to create an interesting dynamic with the Bolton’s. They don’t get discounted shares so they will see that $2.4 million potential erode...and when the liquidity issues show up it will be harder and harder to sell the conversions. An RS will help that for some period of time but then the downward volatility will increase and they will be forced to sell at a greater negative delta to the conversion price even if they can do it the same day.

Now I am sure they understood this on some level when they entered the deal and perhaps they had some “padding” in the $2.4 number (say they expected to actually clear $1.8 million or something)...but if they are competing with the note holders to sell it could get messy.

That then begs the question, would they sue? Would they try to rescind the deal? Would they decide just to walk with whatever money they can get in the conversions? At some point Cellucci’s ability to access even convertible debt financing will be significantly reduced and at the moment Helpcomm needs cash to stay in business...so bankruptcy could become a real possibility (which is actually rare in OTC stocks).

I have long thought that Helpcomm could go the same route as Viking...the current situation only reinforces that notion.