InvestorsHub Logo

TenKay

02/21/18 1:07 PM

#153324 RE: angeloh #153323

"You don't know how much revenue BVTK has or will report in the near future do you ten..?"

Nobody does. We will have to wait and see. But there are some things we do know that will inform that.

It all depends on what folks are expecting. I know some elements of what will show up on the fins based on what they have said and done so far.

They said they have "invoiced" against the DPT PO. Who knows how much? A token amount or something material? Is the AR that will result got any chance of being collected? "Invoicing" is a well worn penny stock way of generating revenues...collecting is the issue ;-)

They said they have some "revenues" from the Helpcomm "partnership"...i.e. before the acquisition...again token or meaningful?

We know starting January 12 the can consolidate the Helpcomm revenues with their own...that looks to be about $500K per month, but we have no idea of margins.

Also given that there has been quite a few conversions, the company will be able to write back some of the massive derivative liabilities they booked (which is where most of the $14 million "loss" last couple of quarters comes from)...but that is all on paper. There is no money associated with it coming in. Nothing to finance anything, but they may be able to show a "profit" on paper because of it....but that depends on whether they have had to sell any new convertible notes and book the associated derivative liability at the same time.

March 31 will at least let us see what kind of business they actually bought.