Bravatek Solutions Inc. (OTC:$BVTK) stock has been taking a beating in the recent session, with the big question remaining, is this an opportunity for new money to be put to work or is it a time to run for the hills?
Bravatek Solutions coins 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.
Specifically, within its “lockdown” capability to prevent the virus, spam, phishing attacks and the attacks proliferated by malware, BVTK also delivers a powerful employee education program to ensure the proper training and education to employees on cyber-attacks.
The main concern for investors recently has been Bravatek’s CEO, who openly acknowledged that he walked into a difficult situation with this company when we took the reins. He stated clear intentions to avoid any new reverse splits, including straight talk about non-toxic capital raises, which really means courting investors who put money into common equity at higher prices.
Earning a current market cap value of $23.7M, Bravatek has virtually no cash on the books, compared to about $1.6 M in total current liabilities. BVTK is pulling in trailing 12-month revenues of $158K. However, the company is seeing declines on the top-line on a quarterly year over year basis.
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