Bravatek Soluions, Inc. (NASDAQOTCBB:ECRY)

CAPS Rating: 1 out of 5


Player Avatar TSIF (99.96) Submitted: 12/9/2011 8:18:32 PM : Underperform Start Price: $0.57 ECRY Score: +19.00

Based on the history of the fundamentally challenged Ecrypt Technologies migh have one more run up from $0.5x to $0,8x or there abouts. I have been trying to restrain myself from playing anything with a downthumb at sub $0.80 due to their erratic nature. In the long run most will settle back down. I'm jumping on Ecrypt Tech despite my "rule" because

1. It doesn't appear to have the newsletter or organization levels of some of the other OB equities that appeared. Still, one might latch onto it.
2. It still has reasonable volume, if volume stalls out it is more likely to surprisingly, for no apparent reason, spike again OR fade into oblivion....

Reading it's financials and quarterly reports it's clear there will be some bagholders from the penny stock speculators that cling to these.

Read the 10q's and see for youreslf. "Developmental Encryption" = No product. Needs to raise $5 Million to continue business. Hopes to raise money from it's product, (note again, it doesn't have one).
Nov 18, 2011,
Net loss of $87,000 last quarter on no revenue.
as of September 30, 2011, we have total current assets of $29,602, cash....

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