Obvious manipulation by the Govil crime clan today following a fluff pr about Saagar's Folly, the SmartDesk, which was dead on arrival in 2018.

Approximately 21M outstanding shares and over 56M shares changed hands today so, yeah, the Govil crime clan is manipulating the stock for its nefarious purposes.

I did just a quick search and found the following web sites pumping CETX: Investorsobserver.com, investorplace.com, the wolfofpennystocks.com, beatpennystock.com, makepennystocksgreatagain.com, kpvi.com, ownsnap.com, pitchbook.com, marketingsentinel.com.

Hit $2.56 on the day of your post and has dropped like a rock since.

I thought I would post the following just in case others here are not aware that you are affiliated with Guidance Marketing, LLC:

https://investorshub.advfn.com/boards/irp.aspx?userid=89929

They might be interested in this sentence from its disclosure/disclaimer, also:

On occasion Guidance Marketing, LLC, and its management will receive compensation from a third party in relation to the companies being profiled in. In such a case Guidance Marketing, LLC and its management, directly mentions this in its disclaimer sent to our subscribers and accessible in any online post.

You probably should disclose that Cemtrex has advertised on your web site.

https://alphastocknews.com/?s=Cemtrex

You probably should disclose the following from your web site, also:

We offer affiliate advertising. This means that should you buy a product or service after clicking a link on our website, we may earn a commission.
We are not an investment advisor. All investment decisions should be made with the help of an advisor. We may have relationships with some of the issuers mentioned on our website.

https://alphastocknews.com/privacy-policy/

Don’t make the mistake of thinking Brian Kinstlinger of Alliance Global Partners is an unbiased analyst.

https://www.marketscreener.com/quote/stock/CEMTREX-INC-59968196/news/CEMTREX-INC-nbsp-Entry-into-a-Material-Definitive-Agreement-Financial-Statements-and-Exhibits-fo-30963052/

Here is an article that illustrates how analysts abet fraudulent companies with their scams. Notice Kinstlinger was involved here, also.

http://www.metalsnews.com/Metals+News/BusinessInsider/The+Business+Insider+The+Money+Game/HEADLINE1231119/2+Wall+Street+banks+made+millions+selling+the+collapsing+shares+of+MoviePass+parent+company+as+their+analysts+kept+b.htm

As I’ve always said, trace any association that the Govils make and you will find another scumbag.

Here is the 8-K filed Friday by Cemtrex which shows how Arun Govil will keep the $7,100,000 he stole from the company by repaying the theft with shares of preferred stock which he issued to himself for free. Those shares are so illiquid as to be virtually worthless no matter their price.

https://www.sec.gov/Archives/edgar/data/1435064/000149315221004996/form8-k.htm

The only good thing that could, but probably won’t, come of this is that the SEC can consider all the shenanigans Cemtrex has engaged in throughout its fraudulent history and decline to relist its stock.

Up $0.15 to $2.00. You have to give MZ Group credit. This is how you promote a scam.

MZ Group is doing a good job of promoting this scam. Of course, a check of its past clients shows a history of pumping fraudulent companies so it should be experienced at it.

Net loss for 2020 a whopping $13.1 million. Of course, most of that wasn't lost; it was stolen by the Govil crime family.

Cemtrex's latest pimp is doing a good job of promoting the fraudulent company. No one who does due diligence would buy into this scam so it's hard to feel sorry for the suckers who get taken.

Digging into today’s press release was very informative and shows Saagar Govil indulging in his usual hyperbole. Let’s break down some quotes from the pr and compare them to reality.

Partnership With Leading 3D Content Development Platform for Virtual Reality to Expand Cemtrex’s VR Portfolio

Well, Masterpiece Studio isn’t exactly a “leading 3D Content Development Platform” (It only became available in December 2019) and MasterpieceVR is a small, struggling Ottawa startup. Here is the company CEO begging for money In January:

"We have tried our best to stay at a low cost for as long as possible, but the VR market is still small today……….I understand that you may not want to support us in any way……….but if you do, I would be honored for any way you would be willing to help make this dream come true."

Due to the competitive nature of the transaction, financial terms were not disclosed by both parties.

Or, as is more likely, financial terms were not disclosed because the sum of money that changed hands was too small to impress would-be suckers.

Currently, creative professionals worldwide are challenged in creating even basic 3D visual content because existing software is too complex and slow to use, creating a significant unmet market.

Hmmmmm, now what was it MarketpieceVR’s CEO had to say about that? Oh, yeah…….”the VR market is still small today”.....

MarketpieceVR is a leader in the space…..

Hmmmmm, and what was it MarketpieceVR’s CEO had to say about that? Oh, yeah…….”our life savings we have already invested are not enough”.....

Cemtrex completed the minority equity investment in Masterpiece Studio in November using existing cash on hand.

And there is some of the greatest hyperbole of all. Read the Cemtrex press release and read MasterpieceVR’s A Message From Our CEO. The mini Govil didn’t say Cemtrex made an investment in the company MasterpieceVR. He said it made a “minority equity investment in Masterpiece Studio” which probably only means that Cemtrex bought a few copies of the Masterpiece Studio software. Oh, those crazy Govils! They will say or do anything to make a dishonest buck!!

https://finance.yahoo.com/news/cemtrex-makes-strategic-investment-masterpiecevr-141000252.html

https://www.masterpiecevr.com/blog/ceo/

Traders jumped all over the latest news. Even a few suckers jumped in. It doesn't change a thing. Saagar Govil is still a con man, and Cemtrex is still a scam.

It looks like Saagar bought a little shoestring operation out of California through which he can funnel into his pocket the ill-gotten gains he makes manipulating Cemtrex stock.

https://www.globenewswire.com/news-release/2020/10/26/2114378/0/en/Cemtrex-Completes-Acquisition-of-Training-Simulation-Technology-Company-Virtual-Driver-Interactive.html

So........the stock price was $1.14 on the first trading day this year. It was $1.16 on September 19 when Cemtrex announced the $0.5M sale to the "Pacific Northwest school district". Since then the company held the virtual roadshow webinar and announced a $0.5M sale to a "Tennessee based corrections facility". The stock price is currently $1.04, and the volume is down dramatically today. Obviously, traders have lost interest. MZ Group is really going to earn its money keeping this turd above a dollar.

Cemtrex………

has received a $500,000 order to upgrade a security technology system through its Advanced Technology Segment for a large Tennessee based corrections facility……….The details of the customer were not provided due to confidentiality agreements in place.

https://finance.yahoo.com/news/cemtrex-receives-0-5-million-131000676.html

Legitimate companies in the security technology space almost always reveal the details of the contracts they sign. There is no reason for them not to release that information. The only reason Saagar Govil insists on confidentiality agreements is because he doesn’t want investors to see the nuts and bolts of the deals he makes, and the reason companies sign deals with him is because he shoots them a price that they can’t resist. Of course, the deals aren’t good for Cemtrex or its investors; but that isn’t the mini Govil’s goal. He just wants a number he can flout in a press release. He knows there are gullible investors who are easily impressed by the number and too lazy to look beyond it and uncover his scam. Too bad he isn’t smart enough to run a “real” company. What a loser!

Remember when the baby Govil said Cemtrex would "vigorously defend" itself against the class action lawsuit? Of course, the little wimp settled instead because he knew it would be curtains for his scam if his shenanigans were exposed in court. He isn't smart enough to run a legitimate company so he fronts this fraud. What a loser!

It looks like traders will play musical chairs with one another through the October 6 webinar after which this scam should resume its slide into oblivion; however, there is a ray of hope for those investors who bought CETX at $64.16 on the first trading day of 2017. If the stock were to go up 61 times the current price of $1.05, they could just about break even.

I wouldn’t expect the new pimp to get it much higher than $1.20/$1.30 before it falls back again based on MZ Group’s history of pumping. At any rate, too many people are wise to this scam to avoid the overall downtrend. Don’t get burned by playing it like it’s an investment. Cemtrex is the Govil’s piggy bank; it’s purpose isn’t to make money for investors.

I'm not sure technical analysis works all that well with the stock of a fraudulent company that is manipulated by crooked management.

Yawn.

As I have often said, trace any affiliation that Cemtrex makes and you will find another scum bag. When Saagar Govil announced on September 1 that MZ Group would be promoting the company, he had this to say about it:

MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors.

https://finance.yahoo.com/news/cemtrex-engages-mz-group-lead-130000536.html

Actually, MZ Group has proven to be a terrible resource for any investor who has listened to its pitch and bought the companies it has promoted. I did a search and couldn’t come up with a single company whose stock is higher today than when it hired MZ. Here are some examples. OZSC was $1.79 when it hired MZ on 10/1/2018. It is $0.006 today. NAZD paid to be pimped on 7/9/2018 when it was 600 dollars. It is now 13 pennies. FCHS was $1.32 when it hooked up with the “distinquished” promoter on 5/17/2017. It was at $0.0255 when I checked a couple of minutes ago. BTHE was $0.64 way back in 2012 before MZ worked its magic.Coming in at $0.01, it is a true penny stock today. ISCO was $46.50 on 4/23/2012. Today? $0.57. While most stocks that MZ Group promoted went down, MEEC actually made a run from $0.42 in May 2016 to around $1.70 before it crumbled to today’s $0.29. AQMS was nearly five dollars when it signed with MZ on 8/31/2015, but it’s less than a dollar now. Of course, I found other companies who paid for MZ’s services in the past and seem to have gone the way of the dodo bird. That isn’t to say that the people who hired the promoter didn’t get what they wanted from the deal. Many were able to dump shares as MZ put the screws to “institutional investors, brokers, analysts and private investors”. My guess is the Govil crime family has been busy selling unregistered shares. They did it before. Why wouldn’t they do it again?

Here was Saagar bragging about the EMS segment in June 2019:

“Cemtrex’s EMS segment continues to win new business from both new and existing clients,” CEO and Chairman Saagar Govil said. “Our backlog gives us continued confidence as we have already locked in enough orders to see growth in our year over year sales over the next twelve months.”

https://www.proactiveinvestors.com/companies/news/223078/cemtrex-shares-spike-after-showcasing-massive-order-backlog-223078.html

Here was the line from last year’s 10-K informing shareholders that he had exited the electronics manufacturing business in August 2019.

The Company continuously assesses the composition of its portfolio businesses to ensure it is aligned with its strategic objectives and positioned to maximize growth and return in the coming years. During fiscal 2019, the Company made a strategic decision to exit its Electronics Manufacturing group by selling all companies in that business segment on August 15, 2019.

https://www.sec.gov/Archives/edgar/data/1435064/000149315220000576/form10k.htm

Knowing that he shut down the EMS segment less than two months after flaunting $6 million in new orders and a $50 million backlog, it’s easy to understand why CETX is down after yesterday’s hyped $500,000 order.

Cemtrex issued this fluff pr yesterday.

https://finance.yahoo.com/news/vicon-releases-upgraded-thermal-sensor-124500152.html

Traders pushed the price up a bit, but it won't last because Saagar has already shown how Vicon will fare under his "leadership". The company had around $27 million in sales before the Govils bought in and the mini Govil started working his magic. Cemtrex's latest 10-K shows Vicon contributing only $17 million in revenues now. I'm reminded of the cliche "he couldn't sell water to a thirsty man". It seems the junior G man can't sell thermal imaging cameras to people who want to buy thermal imaging cameras.

Traders jumping on Saagar's latest bit of chicanery. The smart ones will pick up some pocket change. The rest will lose. Saagar is hoping the dupes will believe Vicon has a new government contract. It doesn't. Same contract number. He just modified it to show that he's begging a different agency to buy Vicon products. The indefinite delivery/indefinite quantity contract clearly shows that the current Action Obligation is $0.00. Yep, that's right. The government hasn't bought a thing from Vicon.

https://beta.sam.gov/awards/91900250%2BIDV?keywords=47QSWA19D006F&sort=-modifiedDate&index=&is_active=true&page=1

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!

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.

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.

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.

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.

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/

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

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.

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!

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

Vicon was never listed on the NYSE.

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/

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/

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.