Bitech Technologies Corp (BTTC)

[Amigo Mike]

Having a PR firm on board at SPIN certainly isn't helping the writing of PRs ..... that's for sure.

Looking at the numbers .... nice .... but aren't going to move the needle if making an average of $56K in net income. Yes it is great they are no longer loosing money at this point. But beyond that ..... the more telling number is CASH FLOW IS STILL NEGATIVE.

Its nice to report numbers being up 42% this year. But no additions to the affiliate network ...... well ..... there's no 42% (or any double digit) future growth coming. Because there's no expansion in the affiliate network. Las Cruces was added at this time last year and according to the earnings PRs didn't really contribute and get online til 2018.

The headline sucks. Headline ..... SPIN report Q2, 2018 results - Revenues up 42% and profitable. (or something along those lines). The SPIN headline submitted ..... nobody is gonna even look at a headline that says "SPIN announces financial results for Q2, 2018." That is a headline a company uses when you don't want investors seeing your results.

As to Dr D's comments ..... the $20 million milestone is ridiculous. SPIN continues to cling to legacy collections. The context is that number is the sum total of collections over several years and means nothing beyond an established track record for those who would care (like a lender). TELL PEOPLE YOUR AVERAGE COLLECTION TIMES ARE X% SHORTER AND X% GREATER ON AVERAGE AS A RESULT OF QVH BEING INTRODUCED. And there hasn't been any exceeding of (shareholder) expectations for YEARS. Internal expectations seems to change when things don't quite go as expected. The present quarterly results are expected considering the addition of a new affiliate. That's it. "strong gross profit and net income" ?? Really .... $100K ? ... sorry but if that's what you'll do for the year .... $200-$250K ...... I mean that's $0.01+ for 2018. With no indication that it will be more in 2019 or 2020.

Yes that absolutely beats a loss. But investors need to see ahead and there is still no growth visibility. Investors buy on the future and couldn't give a rat's ass about the $20 million that's been collected IN THE PAST.

Dr D's concluding comments ..... mention TBI but ..... nothing on expansion of the affiliate base.

Oh well.

Amigo Mike