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Thursday, October 29, 2020

Bravatek Solutions Inc (OTCMKTS:BVTK) Holding Onto Mysterious Gain

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Bravatek Solutions Inc (OTCMKTS:BVTK) is a company many are talking about for maybe the wrong reasons. The company is up 1500% since April and has impressed with some strong news related to new business deals. However, the company’s books are cause for skepticism. BVTK has not released financial since 2015, but the press keeps rolling out. Mysterious volume should always lead investors to pause.

BVTK registered a recent decrease of 0.9% in short interest. BVTK’s total short interest was 3.52M shares in June as published by FINRA. Its down 0.9% from 3.55M shares, reported previously.

Bravatek Solutions Inc (OTCMKTS:BVTK), formerly Ecrypt Technologies, Inc., provides security, defense and information security solutions, which assist corporate entities, governments and individuals in protecting their organizations and/or critical infrastructures against error, and physical and cyber-attack. The company has market cap of $1,909. BVTK is engaged in marketing and distribution of allied security, defense and information security software, hardware and services, and telecom services. It currently has negative earnings. The Company’s products include software, hardware and services, and span a range of industries, including e-mail security, user authentication, robotics, telecommunications and cyber breach protection.

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The company saw volume as it added a respected sales executive recently, but the quote from the company (below) is probably what reinvigorated this volume in the first place. As a note, the “Jim” in the press is Jim Brown, the new Vice President of Sales.

“Bravatek projects that its domestic sales organization will grow to over a hundred technology, software, telecom services and hardware representatives by the end of 2018. These reps will represent the “best of the best” in sales, service, training and installation. Bravatek’s goal is to create the most revered team ever assembled in the cyber security software industry. The model for future growth will be based on the same model that Jim helped launch on behalf of Comcast Business Services. When Jim started there, they were generating approximately $300,000 in revenue during Year 1, only to exceed $1 billion dollars of revenue by Year 6.”

Furthermore, this news was followed by another strong announcement. On June 2, 2017, BVTK executed a significant, worldwide exclusive arrangement with its strategic partner Mile High Construction  (MHC), which is headquartered in Richmond, Virginia. The agreement calls for BVTK to manage construction crews by and through MHC to continue providing new build and upgrade services to the four major consumer telecom companies. Once BVTK meets its funding commitment with MHC, a conservative estimate of no less than $2.5 million in Purchase Orders from Sprint, Verizon, AT&T and T-Mobile within the next twelve months is what the agreement is expected to generate. This strategic alliance is the first of three agreements expected to be executed by BVTK in the short term.

Bravatek Solutions Inc (OTCMKTS:BVTK) is a company that makes me suspicious, but I can understand how the new hire and recent deal offer optimism. Companies that don’t communicate regularly scare me and should cause investors to do their research. Russian hacking and cyber security woes from a number of large companies worldwide does make the sector extremely interesting, but BVTK might need to step up its transparency to be a serious buy. For continuing coverage on shares of $BVTK stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!

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