BVSN (Nasdaq) - Float 2 million - chart bottomed - microcap long idea

[mystiky]

With some many micro-float stocks running last few weeks, I see that BVSN hasn't had it's big run yet.
Idea is to buy here around $2, and look for a run to $3 or possibly $4.25

Look at the chart:

http://stockcharts.com/h-sc/ui?c=bvsn,uu[h,a]dhclyymy[pb10!b4!b50!d20,2][vc60][iub14!la12,26,9!lp14,3,3!lf!lc20]

Stop would be $1.70

[tiedyed1]

From a fundamental viewpoint I will pass:

We generate revenue s from fees for licenses or access and use of our software products and related maintenance, consulting services and customer training. We generally charge fees for licenses of our software products based on (1) the number of persons registered to use the product; or (2) the number of CPUs utilized by the machines on which the product is installed. We also charge fees for access and use of Cloud or SaaS solutions. Payment terms are generally 30 to 60 days from the date that the software products are delivered, the maintenance or subscription contracts are booked, or the consulting services are provided.

We have not generated net income since 2009. Our ability to generate profits or positive cash flows in future periods remains uncertain.

Our operations face two key challenges: maturity of our major revenue-generating legacy products, and competing in a crowded ESN solution space. We continue to invest heavily in cloud-based, mobile, messaging and collaboration technologies, while continuing to support our legacy base. Total revenues of $1.6 million in the first quarter of 2018 were lower compared to total revenues of $1.8 million for the first quarter of 2017, with the decrease mainly in legacy revenue. We expect that the decline in our legacy revenue, which is the majority of our revenue mix, will continue to dominate our overall financial performance until a significant installed base of new product revenues is established. We are continuing to diligently invest in new technologies in an effort to maintain our competitive advantages in the mobile communications and collaboration and knowledge management spaces.