Bantek Inc (BANT)

[BlazingStocks]

$BANT 5s BID building to 150M...nice way to start the week.

[horst]

No joke - even a paid promoter (the only kind who would pretend to have something positive to say about BANT) shouldn't hitch his wagon to this stock unless he's getting paid REALLY well. And even then, is it really worth the risk of getting tangled up in a stock promotion/financial fraud investigation by the SEC? Bannon's made it this far only because the SEC lacks the personnel and resources to go after every share selling scam, and he's really lucky he wasn't swept up when they were investigating covid-related stock scams, but it's all fun and games until the SEC comes knocking (or no-knocking as the case may be).

[Stock_Barber]

At some point, even paid awareness needs to abandon Bannon... if they want to have ANY credibility...

Is it really worth it???

[horst]

They'll probably be ramping up that dilution even more, as they've officially sunk to the deep-in-the-toilet phase of death spiral financing. In the 10-Q, folks might want to notice that the figures listed for "Repayments of convertible notes payable" and "Repayment of convertible notes payable, related party" were zero and zero, respectively, last quarter. There's another $840K + interest note that must be converted by June 11, 2022 per the terms of the agreement, and there are pages and pages of other convertible notes in that filing, as many as I've ever seen for one company. Most of them are in default, which kicks in a higher interest rate and presumably enables conversions anytime, regardless of the alleged maturity date. Since every corner of Bannon's business is unprofitable, fictional, or both, there's no way to pay off the notes except with freshly minted shares.

Their slogan should be "We're not RNVA, but we're trying to be...."

[Stock_Barber]

Looks like dilutiom is running ~ 200-400M/month...

BANT has Reverse Split its shares 3 times since 2016! 1 : 1,800,000 shares!

Share structure: 6B Authorized

- ~72,000,000 shares Outstanding as of July 2, 2018
- 585,841,148 shares Outstanding as of August 7, 2018
- 630,000,000 shares Outstanding as of August 23, 2018
- 671,000,000 shares Outstanding as of September, 2018
- 764,437,770 shares Outstanding as of October 11, 2018
- 829,857,938 shares Outstanding as of November 2, 2018
- 1,044,146,518 shares Outstanding as of December 6, 2018
- 1,096,247,044 shares Outstanding as of January 9, 2018
- 1,212,520,764 shares Outstanding as of January 21, 2019
- 1,215,520,764 shares Outstanding as of February 1, 2019
- 1,398,309,764 shares Outstanding as of February 13, 2019
- 1,585,086,306 shares Outstanding as of March 1, 2019
- 1,908,711,889 shares Outstanding as of April 8, 2019
- 2,111,584,863 shares Outstanding as of May 8, 2019
- 2,544,597,863 shares Outstanding as of June 7, 2019
- 2,967,528,630 shares Outstanding as of July 9, 2019
- 3,280,673,270 shares Outstanding as of November 8, 2019



1:1000 REVERSE SPLIT (Rinse and Repeat)

- 3,255,346 shares Outstanding as of February 10, 2020
- 3,713,140 shares Outstanding as of March 6, 2020
- 4,320,133 shares Outstanding as of April 8, 2020
- 29,928,912 shares Outstanding as of May 8, 2020
- 69,509,131 shares Outstanding as of May 30, 2020
- 102,235,420 shares Outstanding as of June 12, 2020
- 113,635,560 shares Outstanding as of June 23, 2020
- 124,386,349 shares Outstanding as of July 10, 2020
- 336,123,767 shares Outstanding as of August 8, 2020
- 441,109,767 shares Outstanding as of Sept 11, 2020
- 519,314,364 shares Outstanding as of Oct 09, 2020
- 653,965,297 shares Outstanding as of Nov 06, 2020
- 819,953,191 shares Outstanding as of Dec 11, 2020
- 1,009,840,666 shares Outstanding as of Jan 8, 2021
- 1,526,281,698 shares Outstanding as of Feb 5, 2021
- 1,579,277,536 shares Outstanding as of Feb 12, 2021
- 1,549,158,910 shares Outstanding as of Mar 12, 2021
- 1,553,444,624 shares Outstanding as of April 9, 2021
- 1,577,361,291 shares Outstanding as of June 4, 2021
- 1,787,079,376 shares Outstanding as of July 17, 2021
- 1,967,076,725 shares Outstanding as of August 13, 2021
- 2,174,895,944 shares Outstanding as of September 10, 2021
- 2,470,073,055 shares Outstanding as of October 3, 2021
- 2,611,023,055 shares Outstanding as of November 12, 2021
- 2,693,360,855 shares Outstanding as of December 20, 2021
- 3,037,949,482 shares Outstanding as of February 14, 2022
- 3,471,379,381 shares Outstanding as of April 8, 2022
- 3,679,712,381 shares Outstanding as of May 6, 2022

[horst]

When BANT is trading over its average trading volume, that means dilution is increasing—and that's the natural result of toxic conversions flooding the market as the price goes lower and lower, because it requires more shares to provide the same dollar amount with a lower pps. Increasing volume with BANT is not a good thing: it means intensifying dilution if the price is going down, or once in a blue moon it means new suckers are buying higher-priced intensifying dilution on one of Bannon's disingenuous-at-best pumps. Can't wait to see what implausible pump Bannon has in store next, but since he's such an opportunist with his fiction writing, I'd guess a sanitizing robot drone being used to detect mines in Ukraine.

OS is now up to 3,679,712,381 as of May 6th, meaning nearly another 200M new shares diluted just over the last month. Eyeballing the chart, it looks like roughly 1 out of 3 shares bought over the last month were freshly minted. The pace will pick up as the price approaches 0001, and then Bannon will reverse split in fairly short order, since it will be required by his toxic lender friends. They're all in cahoots obviously - the only reason BANT exists is to sell shares forever. It's in the business of selling shares.

[Victa]

Stock is Poison - .0005

[BlazingStocks]

$BANT trading 40% over its 10-day average volume... UP almost 17% and 6s BID now!

[TradeForProfits]

yes it is. and 0006's almost gone now. $BANT 001 test coming?

[BlazingStocks]

Low volume and $BANT BID back over 100M... Nice to see on a Friday.

[BlazingStocks]

It's seems that HOWCO has the most potential at this point... $BANT

[BlazingStocks]

Yes, if they can get some other potential revenue streams coming along, $BANT has a lot of potential.

[Stock_Barber]

A big turn around? Like they will start selling products rather than just shares?

[TradeForProfits]

right on. $BANT 's howco may just surprise with a big turn around ahead.

[TradeForProfits]

my thoughts exactly. Been a long road but $BANT seems to be pulling through and moving forward finally.

[BlazingStocks]

$BANT has had 2 PRs from HOWCO since March 8th...and I expect more sooner than later.

Michael Bannon, Bantec's Chairman and CEO stated: "We are pleased to announce that our subsidiary Howco sold vehicle military kit parts to a Department of Defense Military Contractor. This is Howco's first sale of this kind. Our customer holds a long-term contract with the U.S. Department of Defense. Their DOD contract requires that the parts be exclusively purchased from an OEM Military distributor – which we are. We anticipate that this will the first of many sales as Howco expands into this new, lucrative area.

[Victa]

I was reading an interesting article the other day on the subject of "Stock Manipulation". The S.E.C. refers to these people that conjure up these schemes, as Parasites of Wall Street. Such a fitting name. It's pretty entailing how it's done, and very hard to prove in most cases. All I know, is something isn't quite right. Volume dropping like a rock, and financials due in soon. .0005 is far from impressing.

[Stock_Barber]

Sure... Bannon will continue to dilute, do another R/S and start over again!

All the while paying "Awareness" to pretend all is good and issuing PRs about nothing to dump shares!

The only mystery really is who actually buys this garbage?

[StockHighAlert-]

$BANT Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received purchase orders to supply drone parts to repeat customers. https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-140000105.html

[BlazingStocks]

And these revenue numbers will only increase as the contracts increase, getting $BANT on track.

[Victa]

Was going over some numbers, to include the decline in Volume, and everything is coming up BANKRUPTCY. What is so devious, are these PR's. Bannon is finding out however, that his baited fish hook, is no longer working. He's bled the company dry. Do you have any thoughts on what's going on sir?

[Stock_Barber]

Yes, they turned it from almost profitable into a capital sink hole!

[TradeForProfits]

agreed. $BANT looks to be really turning HOWCO around!

[BlazingStocks]

Agreed, and the $BANT BID is still looking good.

[BlazingStocks]

Great reminder, $BANT has these contracts and can probably leverage them to get other opportunities...

Michael Bannon, Bantec's Chairman and CEO stated: "we are excited about winning the six DLA Indefinite Delivery Contracts for pressure transmitters, anodes, v-belts and maintenance kits. The contracts total 1.5 million dollars. Five contracts are for one year and one is for five years. Each contract is a different OEM/Vendor. We expect to be successful in securing similar contracts. This sales achievement should significantly increase revenue projections for 2022 and beyond."

[backtoreality]

Oh Chit the GTCH pumpers are here! Another of my investments will hit the dust.

[budfoxfun]

Huge upside here!

BANT

[Trooperstocks]

$BANT on ALERT this week as Bantec's Howco Distributing Wins Six Defense Logistics Agency Indefinite Delivery Contracts to Supply Pressure Transmitters, Anodes, V-Belts, Maintenance Kits, and Marine Equipment https://finance.yahoo.com/news/bantecs-howco-distributing-wins-six-140000877.html

[budfoxfun]

Nice buys yesterday!

BANT

[Victa]

Monkey Man Shah-Low from "Stocktwits" (No Creditable Board) says he knows for sure this stock is going to Sky Rocket this week. I have seen some of the Promoters on the site. I guess good things are going to happen..... ;) .0005

[BlazingStocks]

Looking forward to seeing more updates from $BANT on contracts...

As the police and fire drone market grows, we believe creating a drone franchise makes good business sense and will increase revenue in 2022 and beyond.

[StockHighAlert-]

Bantec, Inc. (OTCPINK: $BANT ) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received purchase orders to supply drone parts to repeat customers. https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-140000105.html

[BlazingStocks]

0.0005s sitting at 177M, 6s are the only option. $BANT

[TradeForProfits]

yeah, not many have been able to accum 0005's. $BANT business continues to build with the drone update this past week.

[Victa]

Nothing more you have to say .0005

[BlazingStocks]

Quiet day so far... $BANT.

[budfoxfun]

Closing the week strong here!

BANT

[BlazingStocks]

Not if you can sell them at 7...

[Stock_Barber]

6s were a good opportunity earlier this week.

A good opportunity to lose money!

[BlazingStocks]

6s were a good opportunity earlier this week. $BANT

[Trooperstocks]

Bantec Inc (PK) (BANT) 0.0007 +0.0001 (16.67%)
Volume: 7,364,551

[budfoxfun]

Agree, nice accumulation here.

BANT

[StockHighAlert-]

$BANT Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received purchase orders to supply drone parts to repeat customers. https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-140000105.html

[BlazingStocks]

Nice to see 6s BID building again... $BANT

[budfoxfun]

$BANT 0007's loading up!

[Stock_Barber]

The PO was probably for less than the cost of the PR!

But that's OK... they raised more than that dumping shares into the PR!

As always...

[Trooperstocks]

$BANT Purchase Orders for Drone Parts from Repeat Customers
Tue, May 3, 2022, 10:00 AM

Little Falls, N.J., May 3, 2022 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received purchase orders to supply drone parts to repeat customers.

Michael Bannon, Bantec's Chairman and CEO stated: "We see police and fire departments starting to embrace and add drone technology to their crime fighting arsenals. Three years ago, I presented the idea of adding drone technology to a group of police chiefs. Most were not interested. This reluctant sentiment is beginning to dissipate. Drones add efficiency and make dangerous situations safer. Typically, we see departments with one or two technically savvy individuals having some drone knowledge and experience. Their higher ups are allowing these individuals to setup and run drone programs. Many have reached out to us for guidance. As the police and fire drone market grows, we believe creating a drone franchise makes good business sense and will increase revenue in 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-K filed with the U.S. Securities and Exchange Commission.

Contacts:

Michael Bannon
Chairman & CEO
[e-mail]

View original content:https://www.prnewswire.com/news-releases/bantecs-drone-usa-receives-purchase-orders-for-drone-parts-from-repeat-customers-301538087.html

[BlazingStocks]

$BANT testing support at 5s BID, and with 173M there it's unlikely that anyone can load shares any cheaper than 6s.

[Stock_Barber]

Yup... Bannon will steal the money of anyone buying them!

[budfoxfun]

0006's a steal here!

BANT