Replies to post #116156 on Bravatek Solutions Inc (BVTK)

[gonetopot]

I have faith that Tom has very good attorneys that will be doing everything within the full requirements
of the law. Geeze we are not talking about your ordinary Pinky or OTC company here. These people are the cream of the crop.

[TenKay]

"Key question is, if so, when do they have to disclose it, immediately upon signature or, when dark pulse receives first payment in their bank account, or when Bravatek receives it in their bank account"

They have to disclose it when it becomes a material event to the company. There are many defined triggers, which I have posted a link to previously...as well as a catch-all "Other".

In the case of BVTK, it would likely be when a specific agreement has been reached for BVTK's participation (financially or otherwise) in a project under the previously disclosed MAP agreements.

So for example, in the case of the supposed $1 billion project by DP the following would have to have happened

1) DarkPulse has signed a material definitive agreement for a $1 Billion project. (In other words a contractual obligation exists).

2) There would have to be a material definitive agreement between DarkPulse and BVTK that creates a financial obligation to BVTK for this specific project.

Now, one question that has been asked is does the 8K for the original MAP agreement suffice. Answer: No. Because that agreement is open ended, it does not define what future specific projects might look like, how big they are etc. Therefore, BVTK does have an obligation to disclose each "material event" under the MAP contract as they become real.

This is easy to understand if one looks at the fundamental purpose or intent of a 8K "current report". It is meant be a disclosure to the market of an unscheduled material event that could affect persons decision to buy, hold or sell the stock. Obviously a "event" that means multi-millions of dollars coming to BVTK would fit within that intent.

The only way it would not be material and thus not require an 8K is if Darkpulse hasn't entered into a material definitive agreement for the project, and/or DP and BVTK have not reached agreement on whether BVTK is eligible for the commission in this case.

Even if DP has signed an agreement but BVTK has not yet reached an agreement on "how" much they will get, but BVTK WILL BE eligible for AT LEAST the minimum amount under the MAP, then an 8K would be required as that information is MATERIAL to the market.