x min read

Bravatek Solutions Inc (OTCMKTS:BVTK) Set To Make New Highs

Bravatek Solutions Inc (OTCMKTS:BVTK) Set To Make New Highs
Written by
Jarrod Wesson
Published on
October 4, 2017
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook

Today we need to talk again about Bravatek Solutions Inc (OTCMKTS:BVTK), the cyber security company. BVTK recently released its new annual report, as well as its new audited earnings results and the market reacted by pushing up the stock price. Thus, we believed that a new update was necessary. BVTK LogoOur readers remember the company very well, as we have already assessed many of the share price reactions created by the company's agreements with other companies operating in the same industry. The stock has delivered astonishing returns. Our first article was released on June 5, 2014 when the share price was trading below $0.001. As of today, September 28, 2017, the share price is close to $0.006, which is quite astonishing. Have a look at the recent share price action and form your own opinion before we provide the latest announcements: 1 year chart for BVTKRecent Developments If you remember well, we highlighted in our previous report that BVTK entered into a Letter of Intent to purchase HelpComm, Inc., a telecom construction services corporation. Additionally, in a previous report, we noted that AmbiCom Holdings, Inc., a Nevada company headquartered in Santa Cruz, CA, had also signed an agreement with the company. Furthermore, we noted the agreement of the company to promote DarkPulse Technology Holdings, Inc.’s technology.In the new annual report, we looked for new information regarding these new agreements. We believe that the company has provided more details regarding the terms and conditions included in these agreements and the market appreciated them. Let's see the important information briefly.Regarding the agreement with HelpComm, Inc., the following was released. Please note the $200,000 in financing, 40% profits and the fact that the company ended up trying to acquire its partner. In our opinion, BVTK became so interested in the services provided by HelpComm that it wanted to purchase the company.

"the Company would provide at least $200,000 in business expansion funding to HelpComm within ten (10) business days of execution of the agreement, and 40% of profits from services performed by HelpComm pursuant to receipt of the expansion funding from the Company would be allotted to the Company. The Company remitted the $200,000 to HelpComm on June 26, 2017, and expects revenue from Helpcomm from orders already received by HelpComm. On September 20, 2017, the Company entered into a Letter of Intent to potentially acquire Helpcomm." Source: Annual Report

Additionally, the agreement with AMBICOM was noted, but we could not find new remarkable information. It seems that the company is investigating and will propose a JV agreement, but nothing was said about the new deal. It was only noted that the company will be paid sales commissions for clients introduced to AMBICOM by the company.Finally, regarding the deal with DarkPulse Technology Holdings, Inc., the same terms regarding the clients introduced to this new partner were included.

"The purpose of promoting DarkPulse’s products, and pursuant to which DarkPulse will cross-promote the Company’s products and services, and the Company will be paid sales commissions for clients introduced to DarkPulse by the Company" Source: Annual Report

Share Structure and NOLsThe following is the share structure of BVTK; it can be seen in the OTC Markets company profile. Please note that the float is quite limited:Market Value$44,433,987a/o Sep 27, 2017Authorized Shares10,000,000,000a/o Sep 15, 2017Outstanding Shares7,531,184,221a/o Sep 15, 2017-Restricted527,756,641a/o Sep 15, 2017-Unrestricted7,003,427,580a/o Sep 15, 2017Held at DTC6,976,995,004a/o Sep 15, 2017Float1,112,694a/o Jun 21, 2016Par ValueNo Par Value


What are the consequences of having low float?As some people appreciate playing with market volatility, we need to note that such a limited float may largely increase the share price volatility. ConclusionCurrently trading with a market cap of $44 million, BVTK is an interesting story among small caps. We appreciate this company, like the market because of the good agreements and deals being signed. We believe that the market has not factored in all the deals BVTK that will drive substantial revenue growth going forward. Finally, we appreciate that the company also has low float as it won't take much to take the stock to fresh highs. To sum up, check out BVTK and follow the next announcements, as they are driving the share price.Get the full story: Check out our coverage on BVTK!We will be updating our subscribers as soon as we know more. For the latest updates on BVTK, sign up below!Image courtesy of UMBC via FlickrDisclosure: We have no position in BVTK and have not been compensated for this article.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.