Cemtrex Inc (CETX)

[lucky2505]

Brooklyn, NY, Aug. 25, 2020 (GLOBE NEWSWIRE) -- — Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a technology innovation company for Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has been invited to present at the LD 500 Virtual Investor Conference on September 1-4, 2020.

https://finance.yahoo.com/news/cemtrex-present-ld-500-virtual-130000271.html

Heh, heh. Saagar has paid LD to present at the conference. If he tried to enter the conference without paying, he would be "invited" to take a hike. What a pitiful attempt at promotion!

[lucky2505]

Nothing new here. It's the same scam it was five years ago. It's the same scam it was ten years ago. It's the same scam it was when it first registered securities to begin defrauding investors. The Govils are crooks because it is all they can do. They aren't smart enough to run a legitimate company. They are nothing but the crap that decent human beings scrape off the bottoms of their shoes.

[lucky2505]

To Cemtrex shareholders who were with the company before the June 13, 2019, 1 for 8 reverse split, this is how badly you have been diluted and screwed. Cemtrex reported outstanding shares of 16,737,009 before the split. According to the latest 10-Q, there are now 16,743,334 outstanding shares so any supposed benefits of the split have been totally wiped out; and CETX, which closed at $3.00 on the first day of trading after the split, closed today at $1.35.

https://www.marketwatch.com/investing/stock/CETX/historical?siteid=mktw&date=June%2013%2C2019&x=0&y=0

By the by, although you are hurting, the Govils have rewarded themselves with “increased salaries expense”. Also, that $1,026,900 in Series 1 preferred stock dividends reported in the 10-Q went mainly into their pockets.

[lucky2505]

Heh, heh. Here is Baby Govil in December of 2018 saying that the idea of the SmartDesk is to eliminate the need to dock a laptop to a workstation. Begin listening at the 7:49 mark.

Heh, heh. Here is Saagar a scant four months later admitting that building a workstation without laptop docking capability was a boo-boo.

…..the Company is developing a new SmartDesk, that will have similar features of the current SmartDesk except it will allow users to dock their existing laptop or desktop computer.

https://www.globenewswire.com/news-release/2019/04/03/1796201/0/en/Cemtrex-Announces-Plans-for-New-SmartDesk-that-Enables-Docking-Laptops.html

Note that the boy wonder said he expected to have that version of the SmartDesk available for purchase by Fall 2019. It still isn’t available.

And that, folks, is why I correctly dubbed the SmartDesk “Saagar’s Folly”.

Heh, heh.

[lucky2505]

The increase in General and Administrative Expenses both as a percentage of revenue is the reduction in sales from the same quarter last year and on a dollar per dollar basis is the result of increased salaries expense.

https://www.otcdynamics.com/cetx-cemtrex-inc-cetx-announces-results-for-the-third-quarter-ending-june-30-2020/

And that’s how you know Cemtrex is a scam. Legitimate companies don’t reward management when sales decrease.

[cheche770]

No PR, others jumping ship

[lucky2505]

And, yes, this is the same contract for which Vicon issued a press release over a year ago. It’s a five year indefinite delivery indefinite quantity contract, and the government has never placed an order under it.

Government agencies can find more information about Vicon’s GSA Schedule 84 contract services by visiting the GSA Advantage website at www.gsaadvantage.gov, contract number 47QSWA19D006F.

https://www.vicon-security.com/gsa-contract-press-release/

[lucky2505]

Not really. The government hasn’t signed on the line to pay the company one red cent. The current action obligation of the contract is zero dollars. The total current contract value for base and all options is zero dollars. This is an indefinite delivery indefinite quantity contract. The government hasn’t ordered a single product from Vicon under it and has no obligation to ever do so.

https://beta.sam.gov/awards/91518190%2BIDV

[cooler_cat]

Another huge win for Cemtrex today! Very nice contract awarded to Vicon / Cemtrex. Just the start, friends. Hope all bought at 1.35 like I did.

[lucky2505]

Nope. There has been a total of only 13 reviews of the SmartDesk on its web site since January of 2019. Obviously, if the desk had been a sales success, there would be many more reviews. Just plain old common sense says it has been a colossal failure, and the new game based on the Star Force series is promised for the fall of 2020. It was also promised for the fall of 2019. So much for promises.

[cooler_cat]

Bought all I could this AM at 1.35 This is going to be a huge winner. Good luck to everyone!

[cooler_cat]

SmartDesk is a huge success and their new game based on the Star Force series promises to be a huge hit, too. Go Cemtrex!

[cooler_cat]

There’s a reason we’ve sold out of our #smartdesk more than once.
Cemtrex is completely sold out of the first version of their SmartDesks and orders for the next generation are already over subscribed. Includes new docking feature and now Mac-enabled. It's been a huge success beyond all expectations.

[lucky2505]

One has to feel for those long term investors who bought CETX on the first trading day of 2017 when it closed at its all time high of $64.16. If it went up 40x today's close of $1.48, they would still be nearly a buck shy of breaking even. Ouch!

[USAMade]

Only thing I came up on Vicon was it delisted own it’s on.


https://www.businesswire.com/news/home/20190115005897/en/Vicon-Industries-Announces-Plans-Deregister-Common-Stock

[lucky2505]

You heard wrong. There have been a total of only 13 SmartDesk reviews posted on its web site since January 2019 proving it has been a colossal failure.

https://smartestdesk.com/pages/reviews

[cooler_cat]

Glad to hear the Smart Desk is selling better than expected. Looking forward to a strong ER next month.

[lucky2505]

Vicon was never listed on the NYSE.

[USAMade]

Didn’t CETX acquire Vicon with an existing product line? Vicon was also a public company on NYSE?

[lucky2505]

With Cemtrex, there is a reason why the numbers appear to be “too good to be true”. There is a reason why there has been a surge of glowing media articles touting Cemtrex and its management. And there is a reason why the stock keeps selling off even when supposedly good news is released.

There are clear reasons why hundreds of small retail investors have been duped into buying the stock and these are all thoroughly debunked and exposed below.

https://moxreports.com/cetx/

[USAMade]

This one is going much higher $CETX

[lucky2505]

FEBRUARY 22, 2017 | RP

Summary

On Tuesday, Cemtrex fell 13% on huge volume. On the preceding trading day, Cemtrex’s banker Source Capital quietly had its SEC and FINRA registrations terminated following multiple violations.

Over $1 million has been paid to notorious stock promoters sending CETX soaring from below $2. Heavy undisclosed selling by CETX insiders during paid promotion.

DOCUMENTS: Founder Aron Govil is secretly paying promoters via an undisclosed entity with little or no other activity. Using same promoters behind imploded frauds Forcefield Energy and Code Rebel.

PHOTOS: CETX’s supposed audit firm traced to vacant strip mall in Texas, no operations. Controlling partner was banned by SEC for multiple fraudulent audits, under multiple firm names.

Nearly $100 million in revenues, from 4 countries on 3 continents. Cemtrex pays auditor just $20,000 per year in audit fees to sign off on financials. Non-sense.

https://moxreports.com/cetx/

[ClayTrader]

* * $CETX Video Chart 07-13-2020 * *

Link to Video - click here to watch the technical chart video

[whytestocks]

News: $CETX Cemtrex Inc. (CETX) Receives $1M Order for Security Technology System

Brooklyn, NY, July 13, 2020 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR...

Read the whole news CETX - Cemtrex Inc. (CETX) Receives $1M Order for Security Technology System

[lucky2505]

Here are the details of the $1M order announced today.

The details of the customer were not provided due to confidentiality agreements in place.

https://finance.yahoo.com/news/cemtrex-inc-cetx-receives-1m-131510046.html

Oh, that’s right, Saagar never provides details to shareholders and doesn’t even name the customer in most instances. Look at any legitimate company, and you will see that there is nothing secretive about the way it does business. Look at penny stock scams, and you will see they all mimic the smoke and mirrors approach used by Cemtrex. They all try to give the impression of saying something without really saying anything. The Govils act like two-bit hoods because they are two-bit hoods.

[Golden Cross]

Looking for the PSAR to flip bullish here today... Should see a nice move... Up nice again PM... $3.15 PT $CETX

Chart:

$CETX Looking for the PSAR to flip bullish here today... Should see a nice move... Up nice again PM... $3.15 PT pic.twitter.com/DPxiLSneSQ

— 💸 Golden Cross Stocks 💸 (@CrossStocks) July 13, 2020

[georgie18]

CETX...$1.39...Bullish 3 Gap Downs Reversal Pattern...as the 100/200 Cross set up here...Oversold Williams...

Looking for entry in the .90/$1.20 range...imo...we shall see...will buy higher if we get a catalyst...

Chart...http://schrts.co/uFpymAGt

[lucky2505]

I believe most CETX shareholders are aware by now that the SmartDesk is dead in the water. I just read a post on Stocktwits, and I'm sorry to inform them that Vicon's thermal camera product is DOA, also. The poster said that he had a gotomeeting with a sales rep from Vicon "in regards to the thermal camera". He was quoted $24,000 for a one camera system. Of course, his reaction was "too expensive for us". Saagar tried to sell the SmartDesk for $5,000, cut the price to $2,500, and still couldn't generate interest in it. That's why I call it "Saagar's Folly". After reading the Stocktwits post, I'm confident in naming Vicon's thermal imaging system "Saagar's Folly II".

Btw, the sales rep admitted that Vicon has yet to gain FDA and UL approval.

[lucky2505]

As we will see, Saagar Govil’s share holdings increased by 100,000 during 2016. But during the year he also awarded himself 400,000 new shares via option grants, such that his position should have increased by 400,000. So clearly his net position actually declined by 300,000 shares.

For Saagar Govil, the 300,000 decline amounts to up to $2.1 million in 2016 assuming the sale of stock at share prices up to $7.00.

In September 2016 (with the stock having just hit new highs for the year), Saagar Govil also purchased an upscale condo in New York valued at precisely $2.25 million.

https://moxreports.com/cetx/

[lucky2505]

In November of 2015 (exactly when the paid promotion from SCS began), Ducon Technologies disclosed a purchase of 65,732 shares at a price of $2.55 for a total amount of $167,617. As disclosed, this took Ducon’s holding of Cemtrex common stock to a total of 433,219 shares. Ducon Technologies is controlled by Aron Govil, who is behind the entity paying for the undisclosed stock promotion.
But according to the most recent Proxy filed in January of 2017, Aron Govil’s Ducon Technology now only has 102,951 shares. It therefore got rid of 330,268 shares during 2016. Because there were no Form 4’s filed, we don’t know the dates or the amounts of any sales. But we can see that the share price ranged from below $2 to above $7 in 2016. Therefore, depending on when its shares were sold, Ducon Technology could have sold up to $2.3 million.

https://moxreports.com/cetx/

[Lou2x]

That is a sure fire way to lose serious money.....guessing.....history tells you more about the mgmt of these companies bc once a crook, always a crook....

Lou

[lucky2505]

In reading the posts on stocktwits, it's evident almost all of the traders there are doing no due diligence. Even sadder is the voodoo they follow which leaves them thinking they've done proper technical analyses. I see a lot of them boasting when they guess right, then dreaming up conspiracy theories to explain their misses when they're inevitably wrong.

[Lou2x]

I don't know how he's managed to do it the last 2 times with the track record he has. Anyone doing ANY DD at all can see this for what it is. I was caught totally off guard trip before last back up.....

Lou

[lucky2505]

I'm not sure Saagar can get it over $3 again without spending more than he did on this last pump. Dumb traders who lose money tend to go elsewhere, and smart traders know it takes the easily duped to move the stock. They don't play Saagar's game; they use it against him, and they know he has to recruit new suckers for the game to work.

[akamaii]

Your gut is right one pr away or should I say contract on thermal cameras away from 5

[akamaii]

Yep sir keep shorting huge reversal sign yesterday we may see 2s today just don’t forget the share structure here. Turns out I didn’t have to average down. Make no mistake a juicy pr will drop soon. Trade wise ino jakk and atos 15 target on atos soon

[Lou2x]

I go short every time it runs over $3.00. Lucky doesn't own it at all. It is a total POS........if you like playing the short side, just be patient and it will be hyped again.....LoL

Lou

[Agilmore32]

Is this a good buy or?...

[Agilmore32]

Thanks brother! What kind of return/ timeline do you anticipate?

[Lou2x]

Lucky is tired of the paid pumpers and is trying to show this company for exactly what it is......a short players dream.....

Lou

[Agilmore32]

WTF is going on in this board?

[Lou2x]

Lmao

[lucky2505]

Saagar needs to tell a lie if he expects CETX to continue going up, and it had better be a big one.

[lucky2505]

Novelli joined Cemtrex in August 2017. Of course, we know he joined Brotherhood in July 2019, but we don't know that he left Cemtrex to take the job. He may have put the Govil crime clan in his rear view mirror long before Brotherhood came calling. If he was still employed by Cemtrex, it must have been an excruciating journey for him. After all, the CETX stock price was approximately a split adjusted $24 in August 2017, but it was hovering around today's split adjusted price of $1.60 in July 2019. Considering the fact that he came on board with the Govils just as Saagar was getting laughingly dismissed by Key Tronic for the ludicrous "offer", Novelli must have become suspicious of the illegitimacy of the company early on. Coupled with all the shenanigans that were exposed during that two year period, I wouldn't be surprised to find that he bolted from Cemtrex long before July 2019.

[lucky2505]

Saagar Govil was eager to make a big deal out of his hire of former Sony exec Joseph Novelli.

https://www.cemtrex.com/news/cemtrex-appoints-former-sony-product-development-executive-vp-advanced-technologies-subsidiary/

Novelli has been with Brotherhood International Corporation since last July. Saagar didn’t breathe a word about his departure from Cemtrex.

https://www.linkedin.com/in/joenovelli?trk=people-guest_people_search-card

[lucky2505]

Brooklyn, NY, June 17, 2020 (GLOBE NEWSWIRE) -- Brooklyn, NY, June 17, 2020 (GLOBE NEWSWIRE) – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced that it has received a written notice from NASDAQ stating that the Company has regained compliance with NASDAQ listing requirements.

https://www.globenewswire.com/news-release/2020/06/17/2049550/0/en/Cemtrex-Inc-Regains-Nasdaq-Listing-Compliance.html#:~:text=Cemtrex,Regains%20Nasdaq%20Listing%20Compliance&text=June%2017%2C%202020%2009%3A00,ET%20%7C%20Source%3A%20Cemtrex%20Inc.&text=On%20April%2021%2C%202020%2C%20Nasdaq,of%20The%20Nasdaq%20Stock%20Market.

I wonder how long it will be before CETX is delisted this time.

Long Island City, NY, June 28, 2019 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology and manufacturing company, announced today announced that on June 28, 2019 the Company received notification from the Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which concerns minimum bid price listing requirements. The Company's shares will continue to be traded on The Nasdaq Stock Market under the Symbol CETX.

https://www.globenewswire.com/news-release/2019/06/28/1876161/0/en/Cemtrex-Regains-Nasdaq-Listing-Compliance.html

[Lou2x]

Amen.....and they are easy to spot......

[lucky2505]

Yes, Pearson addressed that in the article, also.

In my past articles I have exposed clearly how paid stock promoters will also infiltrate online message boards, social media (Twitter) and online financial blogs. They then pose as independent individuals who rally the enthusiasm behind their promoted stocks. Once you know what to look for, these paid promoters often become obvious online. They suddenly appear out of nowhere and begin aggressively cheering on a certain stock. At some point (when the promotion is ending) they disappear just as quickly and this is when we see the stock start falling apart.

https://moxreports.com/cetx/

[lucky2505]

In our IoT segment our next generation SmartDesk, with laptop docking as a primary feature, will be releasing this upcoming fall for which we have already received tremendous interest from customers.

It’s abundantly clear to anyone willing to take the time to read the company’s SEC filings and press releases that the SmartDesk has been a colossal failure. So, someone is going to spend $3000 to hook a laptop up to “Saagar’s Folly”? I think not.

We will be launching our first VR experiential game, Star Force, based on the hit BV Larson novels, in 2021.

But Cemtrex said on March 5, 2019, that it would be launching Star Force the following fall.

Star Force’s VR adaptation is scheduled for release in Fall 2019…..

https://www.globenewswire.com/news-release/2019/03/05/1748056/0/en/Cemtrex-Provides-an-Update-of-Their-VR-Adaptation-of-Popular-Science-Fiction-Series-Star-Force.html

Additionally, the Company is building its own proprietary artificial intelligence technology platform for the video surveillance industry through Vicon, which is also slated for release in 2021.

Wow! That really puts Cemtrex behind the curve with the Sunell/Vicon camera since larger companies with established distribution channels in the video surveillance industry are already shipping their platforms with the rebranded Sunell camera, and many are even providing far superior video surveillance platforms.

https://finance.yahoo.com/news/cemtrex-inc-cetx-provides-business-130010494.html

[Lou2x]

Hey Lucky!

That's quite an article. It would be great if the Twitter and internet shills were also investigated. You know they are paid in unregistered stock as well.......

Lou