Bravatek Solutions Inc (OTCMKTS:BVTK) Partnering With Iddriven Inc (OTCMKTS:IDDR)

What's happening with Bravatek Solutions Inc (OTCMKTS:BVTK), the high technology security solutions provider?The share price commenced a declining trend in mid-October and even very good announcements could not stop this trend. The company even released strong news with other competitors operating in the same sector with the hope of making the share price rebound up.Companies like NeQter Labs, IDdriven, Inc., or HelpComm, Inc. announced great collaboration agreements with BVTK, which made the volume increase in October and November. However, the stock purchase orders could not push up the share price and after small spikes in the share price, the downward trend continued.It does not make a lot of sense, thus we decided to assess whether buying the dip is interesting at this point in time. Logo of Bravatek Solutions Inc OTCMKTS:BVTKHave a look at the following stock chart and form your own opinion before we provide ours: 1 year chart for BVTKFor those who don't know BVTK, we are revisiting the business model now. The company provides security solutions to governments and individuals, which help protect against errors along with physical and cyber attacks.The flagship product is Ecrypt One, a direct replacement for conventional secured email systems like Microsoft Exchange. It provides email security products and services and can be installed in any server hardware.Have a look at it:[embed]https://player.vimeo.com/video/70643689[/embed]SourceRecent DevelopmentsLet's check all the agreements signed recently.On October 25, 2017, the company released a new stock purchase agreement with Johnny Bolton, the owner of HelpComm, Inc., which is a telecom construction services corporation located in Manassas, Virgina. According to the agreement, BVTK will acquire HelpComm and pay $2,425,000 in a combination of cash and convertible preferred stock. Like in any other deal, there are customary conditions that include the review of HelpComm’s books and new employment agreements with employees of HelpComm.There is no reason to believe that the deal will not close. Thus, we will need to be very alert, as a new deal means that the company will be able to grow its assets and acquire new know-how. It will be very beneficial for the stock price.There is more.On the same day, it also released a strategic market alliance Agreement with NeQter Labs, which is based in New York. This company is focused on building solutions for NIST compliance needs and appliances that are designed to improve security via monitoring login access, and other control services.What's the deal with NeQter Labs?Bravatek will be NeQter’s sales agent for other entities including government departments, agencies, and other businesses. In addition, NeQter will be in charge of cross-promotion of the BVTK’s products and services and BVTK will obtain 15% discount on the purchase price of NeQter products for resale to Bravatek’s customers.We believe that it is a great win-win deal that will benefit both parties and will bring a lot synergies. We need to remind here that BVTK has contacts with the US Government and many big institutions that have made agreements with the company. That's the reason to understand that other companies like NeQter are looking for deals with BVTK.But, there is more.On November 1, 2017, the company entered into a strategic alliance agreement with Iddriven Inc (OTCMKTS:IDDR), which is based in Nevada and provides identity and access management software to increase data security. The deal signed with NeQter is very significant. The company will be the IDdriven’s project-based business partnership channel for governmental and non-governmental departments and businesses. In return, IDdriven will cross-promote the company’s products and services and BVTK will receive 15%-20% of project revenue for clients introduced to IDdriven.Again, IDdriven is looking to access the business network that BVTK owns.FinancialsOn October 30, 2017, the company released the new financial situation for the period ended Septembers 30, 2017. We appreciate that the total amount of assets increased by more than 9 times. On the contrary, the total liabilities increased by less than 3 times only. But, that’s not all. The cash standing on the balance sheet also increased quite a bit. From $125, the company showed $211,798 in the new balance sheet reported for the period ended on September 30, 2017. Have a look at it: Financials - Bravatek Solutions Inc OTCMKTS:BVTKWe believe that the increase in assets is an interesting feature of the company and the market did not read it well. In our opinion, market participants are looking for the amount of liabilities of the company and forgetting the company's growth. We believe that it is a mistake.Share structure and conclusionWe need to remind readers that BVTK is a low float runner.Check the share stats:Authorized Shares10,000,000,000a/o Oct 31, 2017Outstanding Shares7,655,299,047a/o Oct 31, 2017-Restricted184,949,811a/o Oct 31, 2017-Unrestricted7,470,349,236a/o Oct 31, 2017Held at DTC7,470,347,720a/o Oct 31, 2017Float1,112,694a/o Jun 21, 2016SourceCurrently trading with a market cap of $15 million, BVTK is an exciting story among small caps. We believe that soon the market will recognize that good deals are being received and the share price may rebound again. We will be there for our subscribers to cover the news.Be sure to 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 Owen Moore via FlickrDisclosure: We have no position in BVTK or IDDR and have not been compensated for this article.