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actually the last filling shows they continue to lose money every quarter and the debt was a loan from Kukes to himself basically and he paid himself back with stock shares. ( watch for dilution ) ped has no money on its own. The market and fund investors are not dumb, they know there isn't much upside here with ped. This is a shell land acquisition company that pumps very little oil. there are only 6 employees that take the money off the top. ped has never had a positive cash flow quarter. there are only two plays here, 1 trade the peaks and valley's OR stay long hoping ped gets bought up by a real oil company.
this is the current institutional holdings and also the increased positions by count and decreased positions by count. not just a list of institutions that used to own PED and have since sold out. some on the other list are not relevant as they hold zero shares. PED is all the way down to .63% institutional ownership. that's a 2% decrease since last Q. things are getting rough at ped.....
CURRENT
INCREASED
DECREASED OR SOLD OUT
NEWEST SINCE LAST Q
I don't understand. what exactly are you trying to tell us?
contract talk?? OMG!! for real??? what a week attempt at putting some sunshine on this turd sandwich. If bant manages 5 trades today I will be super surprised.
my long shot guess? is that very little retail left to sell or even have interest to sell. bannon is obviously the biggest seller of this ticker and very few people want to buy. I'm kinda stoked to see that at least at this point bannons scam is slowing to a halt as no one wants to get boned by this guy. the word is out and except for a few individuals that show up and act like they got inside knowledge that bant is a viable trade there is such little interest in bannons scam its finally dying and he is getting fewer and fewer dollars from people that actually work for their money.
exactly. the link posted earlier was from drone usa. who would tweet on a defunct companies profile I'm wondering. just more inconsistencies from fraud
LMAO shares getting scooped up, shares are getting dumped big time . both from bag holders and bant them self's diluting every single day. oh and there is no such thing as drone usa. it is bantek, bannons scam shre selling machine. those goofballs cant even update their propaganda accounts let alone make money or propel the company forward. don't get your hopes up, nothing positive will happen with this ticker.
nicely done ;)
nope, no company here just a figment of bannons imagination. there is absolutely, positively, not a real company called bantek. it is just a money scheme that has three different names to this point and made ZERO I mean ZERO positive cash flow in 3 + years. the IRS calls that a hobby when you file your taxes but never make positive money so yes you are correct. After R/S ( the last bit of cash he can squeeze ) bankruptcy follows and then the next figment of bannons imagination....
I know you knew all this but I'm sure you agree it bears repeating
interesting. how bout you share just one secret? lay some wisdom on us
always amazed by your keen intellect. stunning just stunning
bannon and Garon just pouring dilution shares into the market the last 2 weeks but really stepping up the last few days. like said earlier, they need money to pay monthly bills . lord knows bant hasn't made a dime they can keep for a couple years. I agree .0002's sometime today
good point, I am surprised a bit that people are still buying bant shares. I suppose if you make anything cheap enough some one will buy it. even if it smells
if a 20 Million share dump is good, another 40 million must be better LMAO
that is an excellent plan if and when the R/S happens. ( really just a matter of time ) I feel like that is a ways off though. I Enjoy your posts nun the less. lots of honesty in them
bannon and Garon (new CFO)spelled out their intentions in this last filing :
the funny part from the filling bannon and Garon write ......
The offering is being conducted on a self-underwritten, best efforts basis, which means our management will attempt to sell the shares being offered hereby on behalf of the Company. There is no underwriter for this offering. ( no underwriter that is on the up and up would touch this (scam )
Completion of this offering is not subject to us raising a minimum offering amount. We do not have an arrangement to place the proceeds from this offering in an escrow, trust or similar account. Any funds raised from the offering will be immediately available to us for our immediate use. ( SCAM )
Death Spiral:
A company that seeks death spiral financing basically has no other option to raise money to survive. Traders who want to short the stock salivate at the prospect that the stock will dive. The only hope for the company to break the death spiral is to improve its operational results. ( bannon is not capable of this )If it can effectively deploy the proceeds of the convertible debt issue in its underlying business, it may be able to avoid the hopes of short sellers and even stick losses to them.
got to be shorting, LMAO cant be some poor bastard that lost tens of thousands on the drus / bant scam listening to all the fake merger and other BS fake news spread here and on FB? OMG people still think there are shorts working a dead ticker. if it was shorts they would need far more then 20 million shares to get anywhere. heck that's only like a hundred bucks in value at this point. face the facts and thank bannon and the paid pumpers, you are a bag holder
well maybe the out of state,part time CFO has some magic up his sleeve. I heard he specializes in fake mergers
no big shocker on the dilution it appears that many are on to bannon and trading has nearly halted for bant
oh your going to get a chance to do even better then .0003's
who said anything about pay off's? show me the press release that says bannon and Garron are doing a merger. there isn't one, the last news was bannons IPO for a company he has re-named twice and diluted to death bottom line is Garron is the CFO for an entirely different drone company that actually sells drones and has a partnership with a manufacturer. that company is drones by US. Garon also has a side gig with bant . Garon does not own drones by US. another bottom line, show actual fact that a merger is happening or stop spreading lies
there is ZERO chance of a reverse merger. it WILL NOT HAPPEN. bring real info don't be apart of bannons scam machine acting like a merger is happening.
LMAO IPO on an existing scam ! who thinks of these things?? maybe the new CFO specializes in things people don't know about..... like IPO's on the 3 rd name change
its hard to say exactly what bannon is doing as he is a pathological liar. We all have an idea and dilution is at the top of his list. it is his main source of income. But its safe to say what ever it is exactly, we know bannon does not have investors best interests at heart. Who would have ever thought you could change your name after tanking a ticker to the point to be de-listed and having almost no value, then have an IPO for the same company that has already had a previous name change and R/S a couple years ago. Further more the SEC is ok with it????
when traders get in over their head they tend to not care that they are stealing money from others with false statements. all in an effort to get their own money back from a bad trade. anyone that stands in their way with honesty and facts is labeled a basher by these self serving crooks. deceiving others and artificially pumping a ticker makes them the same as the OTC scam company founders.
Marketing ???? its called scamming people out of their money by telling lies to pump a scam. People are so hopeful and so badly need “this to be the one” that they refuse common sense and label it as “bashing” or “you must be a short”.
DRUS is a piece of crap, all to common penny stock that has only survived by disrupting shareholders to pay bills and themselves before ultimately re-naming themselves, giving themselves a new ticker, throwing in a good old fashioned reverse split because that’s what the SEC allows them to do.
Gotta love it when the dumb are only fooling the dumber.
agreed, but we will need some much better pumpers then we currently have. the current group of drus/ bant pumpers are pretty lame
Makes ZERO sense for a CFO of Garon’s pedigree to associate himself with “a scam.” recent quote from one of the reverse merger proponents..... yet he did, the CFO savior is up to his eyeballs in a corrupt scam company
the funny part from the filling ......
The offering is being conducted on a self-underwritten, best efforts basis, which means our management will attempt to sell the shares being offered hereby on behalf of the Company. There is no underwriter for this offering. ( no underwriter that is on the up and up would touch this scam )
Completion of this offering is not subject to us raising a minimum offering amount. We do not have an arrangement to place the proceeds from this offering in an escrow, trust or similar account. Any funds raised from the offering will be immediately available to us for our immediate use. ( SCAM )
Any purchaser of common stock in the offering may be the only purchaser, given the lack of a minimum offering amount.
We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The Company does not plan to use this offering prospectus before the effective date.
like this is a start up company LMAO, its a continuing scam by bannon. also he makes no bones about it there is no re investment in the company its just going to be cash and used how ever he see's fit. reverse merger talk... LMAO
bant continues sinking like a stone to oblivion just like drus was doing. people are dumping shares like they are toxic. the market knows this bannon scam. the next 8K is not that far off then game over. it will take a couple years to wash the stink off and get people to forget enough for this to ever have a possibility to recover
maxm out diluting for bannon today. looks like .0002 is just around the corner. not sure if there are anymore dummies out there to buy bant / drus
for the fake reverse merger that is not going to happen, Duh
if people trade on non verifiable bogus info from linked in. they deserve to be bag holders
two loser companies are not going to get together to make one no income, crappy biz plan, OTC scam loser company. its just not going to happen
ha ha ha some moron buying above bid for a hundred bucks at a wack trying to prop this turd up. probably bannon
COMPLETELY FALSE PURE RUBBISH
THIS IS COMPLETELY FALSE BOTTOM NOT EVEN CLOSE, CONTINUED DILUTION WITH THE NEW 4.5 BILLION SHARES. CONTRACTS NET ZERO RETAINED REVENUES FOR BANT. GET ALL THE WORTHLESS SHARES YOU WANT BANNON HAS 4.5 BILLION TO SELL
BANT = OTC SCAM
on track for 90 million shares to be dumped on the market today. no bid by the end of the week? bantek IS a scam company no matter what bannon tweets out.
THAT IS TOTAL NONSENSE, NO CONTRACTS COMING ONLY DILUTION. BANT = DEATH SPIRAL AND CORUPTION
again, how does drones by us have any thing at all to do with bant?
and this means what to bant?
BOTTOM IS IN LMAO!! NOT EVEN CLOSE today is another sell off day and really dilution over the last couple weeks has been rampant. drus has had runs and they are now smaller and further apart. So all that's over now. And with with the continued and pending dilution, the chance bant has any kind of substantial run is pretty much null. bannon has 4.5 Billion shares additional now. look at the damage he did when he only had 1.5 billion total to work with. I do agree the only money to be made was patiently trading on a swing . And have earned a few bucks doing it but now there is such low interest in bant those days are numbered as well. Stating the history of past runs is like saying the chart looks primed to run, that is ridiculous. We all know what the OTC is about, many many tickers are far more positive and associated with good up and coming companies. bant is Not one of them. it's only value has been good swings but bannon has crushed the life from this mutt.