Bantek Inc (BANT)

[Stock_Barber]

They HAVE provided an update on the sales... silence!

[BlazingStocks]

$BANT should provide an update on these pandemic kits...

[ProfitScout]

It's very commendable that BANT management is making a valuable contribution to keeping more people safer in the ongoing Covid pandemic. The company's latest effort to deliver its Pandemic Response Kits should be well received and also add more incoming revenue to the BANT bottom line in 2022.

From the news:

Michael Bannon, Bantec's Chairman and CEO stated: "Bantec Sanitizing will begin offering our Pandemic Response kit to the general public in February. We intend to launch our direct sales effort via an ad campaign in Exceptional Parent Magazine and expand from there with an eye towards creating an ongoing revenue stream, while providing what we view as a much-needed product that should prove helpful to people as they continue to navigate this difficult Covid crisis."

[Stock_Barber]

Yup... watch it fall like every other "bid support" has!

BANT was called a "buy" at 4 cents, all the way down to now in the trips (.0006)...

I guess it wasn't!

85% of the value... <POOF>!

The POWER of endless dilution!

[BlazingStocks]

Keeping an eye on the $BANT 6s BID...

[Stock_Barber]

Yup... MORE dilution, and ANOTHER reverse split!

[BlazingStocks]

We should see something from $BANT soon...

[Harbor6460]

That’s a Nice Stat

[Trooperstocks]

$BANT Bantec Sanitizing announced the launch of their direct-to-consumer Pandemic Response sanitizing and disinfecting kit https://finance.yahoo.com/news/bantecs-sanitizing-announces-launch-direct-150000413.html

[Stock_Barber]

No...

Not even REMOTELY CLOSE even with all their reverse splits!

Capital Change=shs decreased by 1 for 150 split Pay date=02/25/2016.
Capital Change=shs decreased by 1 for 12 split Pay date=05/19/2016.
Capital Change=shs decreased by 1 for 1000 split. Ex-date=02/10/2020.

1 for 1.8M in just 6 years!!!


<OUCH>

[MVick]

This stock use to be $250/ share???

[Harbor6460]

There r no kits. Lol. He just will pull another momentum item out of his pocket as this fades. Like when drones where popular. I see next security robots or some BS

[BlazingStocks]

This virus will never go away...

[Victa]

This Virus situation is slowly getting better across the country. It won't be long, he can just throw those sanitizing kits in the garbage, and chalk it up for another loss.

[BlazingStocks]

Let's see if $BANT will update us on this below too...

"Bantec Sanitizing will begin offering our Pandemic Response kit to the general public in February."

[BlazingStocks]

Fair enough, and I'm also aware of that possibly...

[horst]

Why would you wait for BANT to (allegedly) sell more drones? Doing so, if real, only contributes to more losses for the company since zero aspects of the business have ever been profitable. And who would buy an expensive drone from Bannon at a markup when they can buy it cheaper directly? Bannon at best is a reseller with a website, meaning if any of these drone sales are real (they're almost certainly not) he'd take an order, buy the drone, and sell it at a markup to some sucker - but there's no real evidence he's ever sold one, just his press releases, and in all these years - including the years when the business was literally called Drone USA - he's only PRed a small handful of sales. Are you really a drone selling company if you only sell one drone per year for a tiny markup that's dwarfed by massive expenses? I could make a drone reselling website today and sell one per year, but I wouldn't make my little enterprise that could at best make lemonade stand money a publicly traded company. It's obviously just window dressing for a sham of a company so it has something to issue PRs about, so more toxic converted shares and other discounted diluted shares can be dumped into the market. There's no reason to wait for more drone sales here.

[BlazingStocks]

Just waiting for $BANT to sell more drones...

We expect to sell this type of drone to other departments, adding yet another revenue stream for 2022 and beyond."

[Harbor6460]

BANNON should not Exist

[horst]

But explain why you think bigger contracts can help BANT, when every last aspect of its business is grossly unprofitable? They're resellers with tiny little margins which are massively overwhelmed by their gargantuan sales/general/admin costs, Bannon's $600K+ salary, and their enormous insurmountable debt - they owed over $4M just in interest alone as of last reporting. There's no case to be made in which more sales help this company. Each sale just creates a bigger loss. Again, and this is not controversial or open to interpretation, BANT is in the business of toxic debt and selling other forms of discounted shares for the purpose of enriching Bannon and other insiders including the toxic noteholders. The only purpose of PRs to announce their occasional alleged sales is to generate volume to absorb toxic conversions and discounted shares into the market. The PRs, conveniently, never mention margins, which are microscopic at best and negative when you factor in sales/general/admin costs, never mention BANT's huge interest owed on the ever-growing debt, never mention Bannon's laughably huge salary for being CEO of this toxic sewer of a company, and never mention the dire financial position of the company.

[Stock_Barber]

"Bigger" contracts? How about "Any" contracts?

[BlazingStocks]

Just waiting on bigger contracts from $BANT...

[Victa]

Wow....I like this Guy.

[BlazingStocks]

Still opportunities to make money on $BANT...

[horst]

They've allegedly sold a handful of drones over the years (which they resell at a small markup - they don't manufacture drones or anything else) at undisclosed prices. There's no evidence that they actually sold them, but even if they did, the sales would be at a substantial loss to the company since they always report gargantuan sales/general/admin expenses, which wildly dwarf any revenue the company has ever generated. More and/or bigger deals would just mean larger net losses. Howco is likewise run at a huge operating loss on purpose - it's window dressing for this share selling scam. They lose millions a year and have to (and presumably want to) continually take on new toxic debt just to keep the lights on and pay Bannon's $600K+ annual salary. Everything I've just written is clearly self evident from every quarterly and annual report the company has ever issued, and clearly reflected in the price action, which is best visualized as a black hole of dilution and reverse splits—traders' money can't escape the event horizon. That's why if you invested $80,000 in this stock in 2009, you'd have just 8/100ths of one penny left today. And yet Bannon will keep pocketing his $600K every year along with who knows how much of the upfront cash from toxic notes. SCAM. Buyer beware.

[Stock_Barber]

Niagara Falls...

[BlazingStocks]

Agreed... $BANT just needs to close more deals and with larger quantities.

[lowfloatmix]

Hows the dilution here?

[imgoingfishing1]

BANT Bid.0007/40M /// Ask.0008/3M

[Stock_Barber]

That assumes that the vague contract is real...

BIG assumption with BANT!

[ProfitScout]

The latest contract announcement from BANT was quite impressive, actually. No one buys technology that lives depend upon if they don't feel its the best available and offered by a company that can be relied upon to deliver dependable hardware, software and service.

Bantec's Drone USA Receives Purchase Order to Ultra High-Tech Thermal Drone to a Coastal New Jersey Fire Department

LITTLE FALLS, N.J., Feb. 2, 2022 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received a purchase order to supply a New Jersey Fire Department with a search and rescue thermal imaging drone.

Michael Bannon, Bantec's Chairman and CEO stated: "We envision drones becoming an integral search and rescue tool, making rescue missions more successful and safer for rescue personnel. This drone, tailored specifically for search and rescue, is equipped with a high-resolution thermal camera, long range zoom camera, and 55 minutes of flight time. This drone travels up to nine miles without losing signal and is equipped with smart tracking technology allowing it to lock on lost individuals and track them. All these features make this drone an indispensable search and rescue tool. We expect to sell this type of drone to other departments, adding yet another revenue stream for 2022 and beyond."

About Drone USA

Drone USA offers full-service drone consulting, from helping you purchase the right UAVs and accessories, to getting you trained, practiced, and licensed. Whether you're a private security team, police force, or government department, our huge selection of drone technology and training programs will ensure that your team flies smarter, safer, and with the precision of seasoned drone pilots.

Drone USA: www.droneusainc.com

About Bantec

Bantec, Inc, a product and services company, through its subsidiaries and divisions sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments and the US government. Our difference that matters consists of establishing lifelong customer and supplier friendships, responding immediately to our customers' needs, and providing products and services through a highly technically trained, motivated, and incentivized workforce.

Forward-Looking Statements

Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: "plans, "anticipates," "expects," "believes" or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our Form 10 filed with the U.S. Securities and Exchange Commission.

Contacts:
Michael Bannon
Chairman & CEO
[e-mail]
[phone]

https://c212.net/c/img/favicon.png?sn=LN49595&sd=2022-02-02 View original content:https://www.prnewswire.com/news-releases/bantecs-drone-usa-receives-purchase-order-to-ultra-high-tech--thermal-drone-to-a-coastal-new-jersey-fire-department-301473314.html

[Stock_Barber]

And maybe some contracts that are actually real?

[BlazingStocks]

A new 52 week low was inevitable as the $BANT S-1 offering is at 0.0006. We're going to need many drone contracts like this one...

News February 02, 2022

Bantec's Drone USA Receives Purchase Order to Ultra High-Tech Thermal Drone to a Coastal New Jersey Fire Department https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-150000493.html

[horst]

Agreed with that, but there's nothing happening next with the company except more toxic notes, more dilution, another reverse split, and more fake press releases.

[BlazingStocks]

People aren't going to want to hit the $BANT ASK with this offering luming... Let's see what happens next with the company.

[bluedream514]

0.003 a huge bid
0.002 a huge bid
0.001 a huge bid
Now 0.0008 a huge bid mean nothing!
It is always happen

Yes,it will suddenly disapper!

[horst]

BANT has always had a huge bid as it swirls farther and farther down the toilet - it's been this way for years. The bid is fake and will disappear with any selling volume. It's there to trick traders into hitting the ask.

[BlazingStocks]

$BANT trading just over 50% of its 10-day average volume with less than 2.5 hours left in the day. The HUGE 8s BID holding steady...

[BlazingStocks]

$BANT trading just over 50% of its 10-day average volume with less than 2.5 hours left in the day. Keeping a close eye on the 8s BID.

[BlazingStocks]

Lolololololololololol... It's the OTC as you already know. No correlation

[Victa]

https://pitchbook.com/profiles/company/118568-26#overview
-

[Harbor6460]

Some poor sap just bought 15k on the ask. Yuck. BANNON ROT

[horst]

The honest follow up to that PR would be that nobody would ever in a thousand million years go to the bantec sanitizing website to buy overpriced resold hand sanitizer, rubber gloves, and ineffective surgical masks from China. I find it especially gross that Bannon tried to reel in potential future bagholders by announcing he intends to advertise in Exceptional Parent Magazine, whose audience is parents of special needs kids - those parents have enough to worry about and to pay for without subsidizing Bannon by buying his overpriced PPE you can get at any local store or any website for less. There will be zero sales of his 'pandemic kit.' It's all just a scammy press release, since his business is issuing scammy press releases in order to sell shares that will decline in value immediately and in perpetuity.

[Victa]

WALL STREET LIFTED BY TECH STOCKS TODAY...BUT NOT BY THIS ONE.

[bluedream514]

50M*2=100M
100M*10=1B
1B*3=3B

3B/50M=60.....

Um.....

[Harbor6460]

Haaa. Keep kidding yourself u useless pumper insider probably IMO. Worst

[BlazingStocks]

$BANT trading just over 70% of its average volume with less than 2.5 hours left in the day... holding steady above 8s, which has 50M on the BID.

[BlazingStocks]

We should be getting an update from $BANT on this News.

[StockHighAlert-]

$BANT Bantec's Sanitizing announces the launch of their direct-to-consumer Pandemic Response sanitizing and disinfecting kit https://finance.yahoo.com/news/bantecs-sanitizing-announces-launch-direct-150000413.html

[stockstobuy]

This CEO here should be arrested for fraud! Send him to jail and have the felons beat him up.