Bitech Technologies Corp (BTTC)

[jtomm]

Only The Company Speaks For Itself

Listening to anyone else completely subverts the due diligence process. One should not rely on "a guy said" rather than rely on the SEC filings. That is absurd on its face.

Since you are concerned about newbies and those who forgot, it needs to be mentioned that you forgot to say that you subtracted a few things from that description. In fact, the most important things.

The link below shows that description was originally given by the company's conference call moderator (who has been compensated by the company but refuses to give an ongoing disclosure of that compensation so that newbies would know.) The description was given when the stock was near its peak of $2.00 and when crazy guidance numbers of $.30-.35 EPS for 2012 were being given, with an additional $.08 EPS to be expected for every $1 million the company borrowed. The guidance number was gonna be easy, we were told. It should be obvious to anyone with just a little math knowledge, we were told. These are the lines you omitted, and a link to the original post is below it:

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Let me add and remind here why it is so easy to get an accurate one year out “guidance” number.

As mentioned above, I understand that some 700 cases have now gone through the complete cycle. I have been told that of these 700 cases, only two ended up having to be written off by the Company. I believe the total “out of pocket” loss to SPIN for these two cases totaled under $8000. Again, from what I understand, these two cases were certainly legitimate cases, but what happened is the attorney and or client got greedy and decided to take the case to court and lost before a jury.

So you see any shareholder with minimum math knowledge now has the parameters to figure out approximate earnings for the next year just by looking at the recent reported SEC filing “AR”.

Collections = 52%
Collection time: 10-12 months
Failure rate .03%

Hopefully this will help you all to understand why this is such a great predictable business.

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Here's the link:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72706239

Obviously, the company's conference call moderator was incredibly wrong and had zero understanding of the risks that exist in the business. Same goes for Dr. Donovan who was telling people in company presentations that this was a recession proof business.