Bantek Inc (BANT)

[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.

[BlazingStocks]

I concur but the share offering is why the price is lower.

$BANT trading just over 60% of its 10-day average volume with less than 1.5 hours left in the day... the BID is building at 8 and ASK is not growing much.

[Victa]

Nothing Nice about .0008 Share Price

[BlazingStocks]

Nice $BANT BID at 8...might be the bottom at the moment.

[Hereitcomes]

Horst and Stock_Barber have been the voices of truth on $BANT for years. Read all their posts before you even consider getting turned into a bagholder. Do you DD.

[imgoingfishing1]

BANT Bid.0008/39M

[Pennyes]

it is run by shi...ty management, non stop dilution is a never ending work of them!

[BlazingStocks]

Needs money to keep the lights on,and fulfill contract demands...

$BANT trading just under 50% of its 10-day average volume with less than 1.5 hours left in the day... Looking for bottom now that 0.001 has broken.

[Newc]

Unfortunately, company killing pps with consistent dilution here.

[02opida]

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."

[BlazingStocks]

$BANT has been getting some contracts lately, looking forward to seeing more and bigger contracts!

[Trooperstocks]

$BANT's 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

[tarigmusa]

Good luck to all here in BANT but I don't think this company will ever have a good run again like that one to 10 cents last year. It might not even reach 1 cent again because of this shady CEO unless he sells the whole company and that will be the only way those bagholders can recoup their money back.

I am not just a basher but reading the reality here. I made a good cash out of this ticker last year buying shares at sub penny and I sold everything at 7 cents.

GLTA

[Victa]

May as well move Message #67337 up top also. Horst has got this Shyster pegged....

[horst]

They lose money on anything that they allegedly sell - they'd have a wildly more successful balance sheet if they instead had zero business operations. More contracts would just mean more losses. They're resellers who have very thin margins which are dwarfed by their enormous sales/general/admin expenses plus Bannon's $600K+ annual salary, plus the ever increasing interest they owe ($4M+ in interest just last year!). It's all a scam, window dressing for the benefit of Bannon. That's why their press releases are never good news - any business activity equates to more losses, and any press release about business activity is done to sell more shares to the public. The only purpose of their press releases is suckering in some buying volume so they can sell converted and discounted shares and enrich Bannon and his toxic lender buddies. It's been this way since inception, for many years, and will never change, because they're first and foremost in the business of creating forever bagholders.

[BlazingStocks]

$BANT broke 0.001 level again. Keeping an eye on 0.0008 now.

Looking for more contracts like this one but bigger...

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.

[horst]

no doubt it's true money can be made on any stock on a given day, but the dilution here along with the filing for up to 3B more shares at 0006, mean that the price for now is probably being held up artificially on low volume. Whenever the BANT pumpers run out of capital to bolster the price, it's going to sink to 0006 and then below, and then to 0001, and then there will be another reverse split. The sequence of events may be interrupted by an implausible PR and some group running the price up for a few minutes, but the fate of BANT is sealed imo.

But good luck to you. I would say that commenting on volume here isn't going to indicate anything except dilution. With BANT, all volume days are dilution days.

[seven77]

Bantec has the technology and we could be the target of the next merger/buy out...

https://finance.yahoo.com/news/medigus-invests-drone-safety-technology-141600318.html

[Trooperstocks]

$BANT Bantec Chairman and CEO Michael Bannon stated: "We envision drones becoming an integral search and rescue tool, making rescue missions more successful and safer for rescue personnel." https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-150000493.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo

[BlazingStocks]

I appreciate your insight and I'm well aware...but money can be made in many different ways and on the OTC Markets, in quick fashion. Waiting for the next run...

[Victa]

CNN Business News shows that Bantec Inc. had only 6 employees in 2021. Who is doing the Sanitizing work? Who is doing the Drone work? Take a look at the Employee Chart. https://money.cnn.com/quote/profile/profile.html?symb=DRUS
-

[horst]

Trying to help here in case you've never looked at BANT's financials. They have liabilities of over $16M (probably a lot more now, and almost all of it current liabilities), lose millions per year on the HOWCO business, and make nothing at all from the other nonsense they issue PRs about. They owe over $4M in interest payments alone. How will BANT pay these millions and millions of dollars in debt when they lose millions of dollars per year? Only by taking on more toxic notes and issuing more discounted shares, which always tank the price and always lead to a reverse split, which always leads to retail traders getting wiped out. There is no way under the sun they can generate money to pay the bills except through more debt vehicles and shares, because nothing BANT has ever done generates positive cash flow. They'll keep issuing more PRs hoping for a tiny bit of volume to absorb more converted shares, but after all these years, with so many traders aware of Bannon's game, and with twitter pumpers sidelined out of fear of getting nabbed by the SEC, this thing is done for. More BS press releases, more note conversions, more discounted shares to inisders, low trips, and a reverse split will be coming soon enough. This stock is nothing but a vehicle for toxic debt and dilution, and that's clearly by design.



Again, trying to help here - it's better to acknowledge when one has stumbled into a bad stock run by a legendarily bad CEO whose only intention is to make his own living off the suffering of shareholders who buy into his PR scams.

[Victa]

Incredible....FB (Meta) taking down NASDAQ today.

[BlazingStocks]

$BANT trading low volume compared to its 10-day average volume with less than 2.5 hours left in the day... but green and at the high of the day.

[BlazingStocks]

Keeping a close eye on the $BANT BID at 10...more good News yesterday but they need bigger contracts.

[Stock_Barber]

Good post!

[Victa]

If you notice, the company now has a bad trend going. Even after announcing good news (PR's), the share price is going no where positive. Word is getting around, and it's finally coming full circle with this guy. The Shareholders Meeting he says is going to happen this Spring at a Country Club, is a sheer joke. We may as well have our own meeting at McDonalds, and fly paper airplanes.

[Stock_Barber]

No one believes a word the company PRs...

Show me one PR that could ever be verified in later filings?

[StockHighAlert-]

$BANT 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. https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-150000493.html

[BlazingStocks]

$BANT trading 15% over its average volume with less than 3 hours left in the day...on today's News.

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."

[Stock_Barber]

Honestly, I highly doubt that the sale is even real...

Bannon always does PRs about vague deals... AND THE QUARTERLY FILINGS NEVER SHOW ANY SALES ACTUALLY HAPPENED!

[Victa]

With the recent PR's, that is suppose to be good news. However the price is still not going in our favor. He's got a bad reputation, that is hurting the company, and it's common investors. He can only sell in New Jersey. What about the rest of the country??

[budfoxfun]

Big buys!

BANT

[Stock_Barber]

Notice the complete lack of specifics to allow verification!

And the surge of selling into the PR!

Typical Bannon Bullshit!

[ProfitScout]

More good news from BANT as the company's advancements in drone technology are being accepted into new and very important applications. The company is off to a strong start in 2022.

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

SOURCE Bantek Inc.

[StockHighAlert-]

Bantec, Inc. $BANT 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. https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-150000493.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

[BlazingStocks]

Sweet, more $BANT drone News!

[Trooperstocks]

$BANT NEWS! 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?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo

[Victa]

There are 2 Guys here that have really given some good information about this company, and are worth listening to. That is Stock_Barber, and Horst. I haven't been saying much about this stock lately, because I've learned way too much about it. It's a shame to see people get caught up in this mess, and it's a shame to see people continue to promote this company. Bottom continues to fall out.

[horst]

You seem like a reasonable person, and I wish you good luck, but it's never good news when Bannon dilutes - and he always dilutes - and it always leads to the price going down and the OS going up, ultimately ending in another reverse split to reel in another batch of bagholders. It's always bad news because the entire reason this ticker exists is so Bannon can take cash from toxic notes and sell discounted shares to his insider buddies - all at the expense of retail investors, for whom he obviously has nothing but contempt. All his news is at its core a sham: he's allegedly a reseller of items nobody needs or wants and would never buy from him if they wanted one - why pay Bannon's markup on a 'sanitizing robot' they can find for thousands cheaper elsewhere? Why on god's green earth would anyone stumble upon bantek for hand sanitizer? Obviously there are no sales from either. Howco is a real business, but it's a huge money loser due to paper thin margins and inflated sales/general/admin costs, so it never matters how many government contracts they get - each new contract brings with it more losses. It's inconceivable Bannon could ever turn a profit, largely because he has no intention of ever turning a profit. He lives off his $600K+ salary which is paid for in toxic notes and dilution. Yes, the stock will be pumped and dumped, so traders who buy at the right time and are there for the quick pop will make some money, and he'll probably try some implausible PR pump to absorb some of the 0006s he's selling so he can sell more, but it's all 100% a share selling scam with nothing behind it. This is not a ticker to hang your hat on - it will end badly.

[BlazingStocks]

Let's see how this S-1 goes... hopefully there's some good News to follow!

[horst]

But in this case, as you indicated in one of your previous posts, the S-1 is related to a new offering of up to 3 billion new shares at a proposed pps of .0006, though there's nothing locking them into that price, and no doubt they'll sell cheaper as the price falls to the 0006 level due to new diluted shares from the offering and the never-ending toilet of note conversions that characterize this ticker.

[BlazingStocks]

Notice of Effectiveness... SEC Form S-1 is an SEC registration required for U.S. companies that want to be listed on a national exchange. It is basically a registration statement for a company that is usually filed in connection with an initial public offering.

[horst]

It's pretty obvious what Bannon is planning on doing with the 3B proposed new diluted shares at the proposed offering price of .0006. He'll sell a tranche at 0006 to his buddies and immediately put out a garbage press release about reselling fictitious sanitizing drone robots to generate enough volume to absorb those shares, which will drop the price towards 0006 if not lower. At that point, he'll sell more shares at a lower price, as that's always the way of these penny stock S-1s. Bannon pays himself a whopping $624,000 a year to be CEO of this sham of a company that loses money hand over fist, so he'll extract his salary, give himself more free shares, extract enough to keep the lights on at Howco (which loses millions every year, as intended) and when the pps bottoms out at 0001, he'll reverse split again so his toxic lender buddies have plenty of headroom to convert their notes. Then he'll keep doing the same thing indefinitely: pump and dump his fake products for his fake company, which is one of the most successful and longest-running share selling scams in OTC history.

[Victa]

https://www.sec.gov/Archives/edgar/data/1704795/999999999522000290/9999999995-22-000290-index.htm

[EmptyBones]

Selling notes is there only business. Quick cash for owners.. 2.5 billion float>>>>>>>>>>>>>>> JUNK

https://www.sec.gov/ix?doc=/Archives/edgar/data/1704795/000121390022002084/ea154027-8k_bantecinc.htm

[02opida]

volume to be on the increase too

[BlazingStocks]

$BANT trading low volume compared to its 10-day average volume with less than 2.5 hours left in the day. I think that we'll trade in this channel between 0.001-0.0014...until News.

[02opida]

feb 9 last yr