Bravatek Solutions Inc (OTCMKTS:BVTK) is a sub-penny micro-cap stock that continues to post on the first page of the most-traded list of the OTC. BVTK has been on fire lately, and its latest announcement is another reason why. The company just put out word that it has formed a Joint Venture firm called BravatekST, LLC for the sole purpose of addressing its mega-sales pipeline opportunities. The news sent shares of the BVTK ramping higher to the tune of about 25% off its lows of the session following a kneejerk corrective move that had the stock down about 30% off its recent pivot highs.
According to the release, this JV is in addition to agreements announced by Bravatek recently, as discussed in Press Releases dated June 2, 2017 and June 7, 2017. “This JV is the result of careful strategic planning by the Board and management with assistance from our legal and accounting teammates. It should be noted that our recently announced alliance partners HelpComm and MHC will play a vital role in this JV.”
Bravatek Solutions Inc (OTCMKTS:BVTK) trumpets itself as a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and systems.
Along with its “lock down” capability to prevent virus, spam, phishing attacks and the attacks proliferated by malware, Bravatek also delivers a powerful employee education program to ensure each and every employee is properly trained and educated on how to spot cyber-attacks and how to avoid them.
According to company materials, “Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. Through innovation, we answer the market’s demand for new perspectives and fresh thinking for today’s security challenges.”
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As noted above, BVTK shares continue to draw a huge amount of attention among OTC traders, and the company’s recent stream of catalysts is a big reason why. The latest such catalyst was the company’s announcement of a new JV structure designed to encompass some of the company’s “mega sales” opportunities. We aren’t entirely sure what that means, but the market seemed to like it.
Pauline Ewald, J.D., Bravatek’s Vice President of Telecom Services commented, “This is a JV that has been designed to produce significant corporate results at its onset. Bravatek’s leadership in this space has been made possible by careful, strategic selection of partners with notable experience and expertise in the wireless business to allow us to prosper from the near term roll-out of 5G service.”
The chart shows 67% during the past month in terms of shareholder gains in the listing. This is emblematic of the stock. BVTK has evidenced sudden upward volatility on many prior occasions. Moreover, the name has witnessed a pop in interest, as transaction volume levels have recently pushed 15% above the average volume levels in play in this stock over the longer term.
Traders should note this as important with the stock trading on a float that is very limited at just 1.1M shares. One would be wise not overlook this combination, as a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.
Now commanding a market cap of merely $4K, BVTK has virtually no cash on the books, which must be weighed relative to about $1.5M in total current liabilities. BVTK is pulling in trailing 12-month revenues of $370K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 91.2%. As more color becomes clear on the name, we will review the situation and update our take. For continuing coverage on shares of $BVTK stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $BVTK, either long or short, and we have not been compensated for this article.