Well, that isn't really the case. Most pink sheet stocks are not profitable, meaning they have to borrow to remain in business. BVTK is no different, but it has been borrowing a long time, and the pile of debt continues to grow. In order to borrow money, BVTK must accept worse and worse terms for those loans, and they are ALL convertible at some point, generally 6 months after the loan is struck.
BVTK is hoping for revenue so it can stop borrowing, and begin paying off that load of debt. The problem is that they have more existing convertible debt than they have shares to convert, and the conversions can happen before BVTK actually sees enough revenue to prevent further conversions.
It isn't the rosy future that is the issue, it is the VERY short term financial picture. SOMETHING has to give. If a lender forces the conversions, it may well trigger the RS or at least an increase in AS to support more conversions. Neither is good news for shareholders, but this company, like most, LIVES on borrowed money, and that has nothing to do with shareholders - it is just how it is done in the pink sheets. That's why they are the riskiest stocks to gamble with.
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