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This is the third time CETX has hit $0.22 this week.
Since there is no symbol or cusip number change, it appears Saagar is just using the reverse split to buy a little more time for the Cemtrex scam in this iteration. Unless he spends heavily on promotion, which may well be useless anyway, the company might have to do its final reverse split (or merger) as CETX as early as next year. Even the dumbest of the stuckholders will know by then that the SmartDesk is a huge bust. Maybe the Govils will crank up the VR/AR ruse. Maybe they will find another ruse. At any rate, the next version of the scam will probably take on a new identity to try to hide its connection to the old version of the scam.
Nice buying in CETX today and a significant pps rise so far. This is due to investors recognizing the increasing shareholder value here...
Hmmmmm,one and a half million shares have changed hands so far and the price is currently up only half a penny. It looks like investors recognize this turd may be traded, but it's definitely not something they want to buy and hold.
This just gets better and better. It seems there was another pumper named William Tyler who posted an article earlier this month about Cemtrex on PostAnalyst. Amazingly, his style (and stupidity) is eerily similar to that of Amelie Moore. Here’s the proof:
CETX traded at an unexpectedly low level on 05/06/2019 when the stock experienced a -1.03% loss to a closing price of $0.31. The company saw 0.47 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 284.2 million shares a day, this signifies a pretty significant change over the norm.
https://postanalyst.com/2019/05/07/cemtrex-inc-cetx-and-pfizer-inc-pfe-both-are-undervalued/
By the way, Amelie Moore is the author of the PostAnalyst article; and she is a really lazy pumper. If you look at articles on other companies she has placed on PostAnalyst, you will find that she basically uses one template into which she plugs info and preposterous numbers. For instance, here is the template as applied to Viveve Medical:
VIVE traded at an unexpectedly low level on 05/22/2019 when the stock experienced a 0% loss to a closing price of $0.61. The company saw 0.6 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 568.94 million shares a day, this signifies a pretty significant change over the norm.
https://postanalyst.com/2019/05/23/viveve-medical-inc-vive-valuation-down-while-snap-inc-snap-valuation-up/
Notice that she plugged the totally inaccurate and insane number of over half a billion shares a day into this article. She has placed many articles on PostAnalyst, and they all are just as stupid and unreliable.
Cemtrex needs better pumpers. For instance, the idiot who placed this article on PostAnalyst made a whopper of a boo boo.
CETX traded at an unexpectedly low level on 05/21/2019 when the stock experienced a -2.4% loss to a closing price of $0.26. The company saw 0.46 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 252.3 million shares a day, this signifies a pretty significant change over the norm.
Yeah, the volume averaged a quarter billion shares a day. Sure, it did! Check the charts, people; then ask yourselves what illegal substance this clown was huffing when she wrote the article.
https://postanalyst.com/2019/05/22/cheap-or-expensive-right-now-cemtrex-inc-cetx-merck-co-inc-mrk/
Here is an interesting fact. $0.22 divided by 6 equals $0.0366666666667.
New 52 week low of $0.22. And the bad news for stuckholders is that it's still going lower.
CETX revisited its 52 week low of $0.25 today. It will soon visit numbers lower than that.
Of course, the biggest takeaway from the latest 10-Q is that disclosure controls and procedures were NOT effective. That means investors cannot rely upon anything the company says. It may try to paint a rosy picture of its finances, but the 10-Q's and 10-K's might very well have to be restated in the future. After all, many of those from the past had to be restated; and Cemtrex told the lie in them that disclosure controls and procedures WERE effective.
Total revenue for the six months ended March 31, 2019 and 2018 was $40,892,041 and $52,795,196, respectively, a decrease of $11,903,155, or 23% primarily due to lower revenue in the industrial Technology segment as a result of significantly reduced revenues in the environmental products markets, which the Company has decided to exit.
I bet stuckholders have completely forgotten about the carbon credits ruse. That’s the first “story” the Govils sold to the suckers. It’s been dead in the water for years. This is just the official announcement that it was a failure.
This may result in longer timeframes to realize our growth targets, particularly around SmartDesk and VR activities.
There it is! After bragging about all the Enterprise “evaluators” which he claims represents a sales pipeline of over $125,000,000 in revenue, Saagar has to admit that they aren’t ordering the SmartDesk. No worries though. He has the Star Force ruse waiting in the wings as soon as he has to begin distancing himself from “Saagar’s Folly”. Of course, as far as VR activities goes, shareholders should look to the failed Ultra85 to see the ultimate fate of Star Force. What ruse will he introduce after it goes down in flames?
https://finance.yahoo.com/news/cemtrex-inc-cetx-announces-results-215000348.html
“We are excited to see such tremendous interest from major corporations in our SmartDesk,” commented Saagar Govil, Chairman and CEO of Cemtrex.
With a quarterly loss of $6.38 million, I doubt Saagar will find many suckers who will believe that lie.
New 52 week low of $0.25. And the bad news for stuckholders is that it's still going lower.
The SEC has been playing correspondence "footsies" with Cemtrex since at least 2008 so even the slightest due diligence would have alerted potential investors to the fact that the company worked diligently to hide material information from them. Cemtrex was finally forced to admit that its disclosure controls and procedures were NOT effective, but the suckers who lost money have mostly themselves to blame. Ample evidence that the company is a scam has been readily available since its inception.
Things aren’t going so well for Saagar since the SEC forced him to admit that the company’s disclosure controls and procedures were NOT effective. The con man’s stock-in-trade is lies, but that’s a lie he’s afraid to tell now that Cemtrex has had to restate its financials. It’s kind of difficult to find new suckers when he has to tell them they can’t rely on anything he says.
Saagar was blowing this smoke up stuckholders’ rears three months ago:
Cemtrex is now engaged with over 25 Enterprise customers that are now in the process of evaluating SmartDesks for their offices. Based on the average selling price of the product this represents a sales pipeline of over $125,000,000 in revenue.
https://finance.yahoo.com/news/cemtrex-discloses-10-leading-enterprises-134000165.html
Heh, heh. The pipeline burst. The estimated quarterly loss of $6.38 million proves what I’ve been saying, i.e., the Cemtrex SmartDesk is “Saagar’s Folly”.
Cemtrex Inc. (CETX) 0.3119 +0.0085 (2.80%)
Hmmmmm. Considering it was at 0.48 only a month ago, I doubt stuckholders will get excited about a 3% bump.
It's been over a month since Cemtrex put out a press release. Obviously, Saagar felt he wasn't getting much bang for his pumper nickel.
NEW 52 week low today 0.263
And factoring in the 1 for 6 reverse split when CTEI did the lather/rinse/repeat into CETX, the "real" price is a bent and tarnished nickel. Of course, with a new lather/rinse/repeat in the works, the split-adjusted price will soon be truly sub-penny regardless of the symbol under which this scam trades.
$CETX Cemtrex Analysts on average are forecasting a $1.50 price target
Lol. Move the decimal point one spot to the left, and the analysts would still be aiming too high.
$CETX Cemtrex Analysts are speculating a 368.75% move, based on the high target price ($1.50) for the shares that is set to reach in the next 12 months.
If the analysts had only issued that price target instead of $6.45 on 10/052017 when CETX was $2.88, they might have some credibility right now.
https://finance.yahoo.com/news/seethruequity-initiates-coverage-cemtrex-inc-131500673.html
It's easy to see someone is dumping a lot of shares and profiting from the decline, and only an addled stuckholder would be dumb enough to think it's mm's or evil naked shorts. That leaves only Daddy and Doody Govil and the rest of the Turdvil clan. Yet another scam in which the SEC has failed in its mission to protect investors draws to a close. Time to lather, rinse, repeat. Change the stock symbol and cusip number, and get out the sucker list. There are still dollars waiting to be turned into dimes.
CETX got close to a new 52 week low today. It will happen soon, probably tomorrow.
One has to feel for those folks who bought CETX on the first trading day of 2017 when it closed at its all time high of $8.02. If the stock went up 20x its current price, they would still be a buck a share under water. On the other hand, there were several of us laying out the facts that exposed this scam so they were warned. Oh, well, I guess they deserve what they got.
$CETX nice bounce off 2.82 support, a newer high could start a new uptrend.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138132938
$CETX moving higher today $2.72 +.12 +4.62%
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138572465
CETX 2.55 +0.02 (+0.79%) is starting to see major topline growth, with quarterly y/y revs increasing.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138979927
$CETX 2.249 +.079 +3.64% Oversold Signal Stock: Cemtrex, Inc. (CETX)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140898549
$CETX $2.16 @Cemtrex SmartDesk is your work and office completely reinvented.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141993838
$CETX New HOD on Deck @ $1.97
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143054309
Should see that bounce back to $1.65 soon! $CETX
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143751107
CETX $1.29 +4.33% Nice bullish move early.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144671615
$CETX .73 +8.96% Nice news today!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145885327
CETX .55 and rising. Should see a higher PPS soon.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147324591
$CETX .499 +8.43% huge volume on NEWS today
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148122143
$CETX Closed up 0.3520 +0.0146 (+4.33%)
At close: April 25 3:58PM EDT
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148453586
Cemtrex Provides an Update of Their VR Adaptation of Popular Science Fiction Series, Star Force
The only update that matters will be when Cemtrex announces it has turned its attention away from Star Force to concentrate on the "next big thing" just as it announced it had turned away from Ultra85 to concentrate on Star Force. Different day. Same old scam. Btw, how long does it take to "evaluate" the SmartDesk? It's not like it has the complexity of a multi-billion dollar nuclear submarine. For crying out loud, it's a desk/computer. A person of average intelligence should know within a couple of hours if he wants to purchase the thing. Cemtrex has yet to announce sales of the SmartDesk to any of the numerous Enterprise clients, and it has been under evaluation by many of them for months.
The list of high profile name customers now using the CETX SmartDesk is getting pretty impressive.
Cemtrex hasn't announced sales of the SmartDesk to any customers. That is a list of "evaluators".
The new 52 week low of $0.30 today will look good to stuckholders before long. Yeah, I said it. It's going lower!
$CETX Cemtrex Announces Plans for New SmartDesk that Enables Docking Laptops
The stock closed at $0,49 on the day of that press release. In the two weeks since, it's fallen 20%; and there is no end in sight. It will continue to tumble. No one believes anything Saagar Govil says. That's what happens when a CEO claims he will vigorously defend a class action lawsuit but settles it instead because he fears the consequences if the details of his scam are exposed in discovery. Oh, well, stuckholders were warned.
Why is Saagar writing about "AR's digital transformation"? He should be writing about what he knows, such as scamming gullible investors'.
wow another 52 week low at 39 cents today
you were right
It was an easy call. Another easy call is that the stock price will continue to slide. People smart enough to short this scam have made a killing.
Oh, my. CETX established a new 52 week low of $0.44 less than two weeks ago, and it touched that low again today. That is foreboding. And for those who don't know what "foreboding" means, it means the stock price is going even lower.
That link redirects and does not show Zacks' rating of Cemtrex. Zacks' rating is "hold", which isn't exactly a ringing endorsement.
https://www.zacks.com/stock/quote/CETX
Btw, CETX was slightly above $0.56 on the day Zacks upgraded its rating from "sell" to "hold". It closed today below $0.48 so anyone holding because of the Zacks' rating is very disappointed.
Cemtrex has yet to announce any true buys of its overpriced SmartDesk. "Evaluations" don't count.
$CETX nice bounce off 2.82 support, a newer high could start a new uptrend.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138132938
$CETX moving higher today $2.72 +.12 +4.62%
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138572465
CETX 2.55 +0.02 (+0.79%) is starting to see major topline growth, with quarterly y/y revs increasing.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138979927
$CETX 2.249 +.079 +3.64% Oversold Signal Stock: Cemtrex, Inc. (CETX)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140898549
$CETX $2.16 @Cemtrex SmartDesk is your work and office completely reinvented.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141993838
$CETX New HOD on Deck @ $1.97
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143054309
Should see that bounce back to $1.65 soon! $CETX
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143751107
CETX $1.29 +4.33% Nice bullish move early.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144671615
$CETX .73 +8.96% Nice news today!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145885327
CETX .55 and rising. Should see a higher PPS soon.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147324591
$CETX .499 +8.43% huge volume on NEWS today
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148122143
CETX investors continue to bail as Saagar proves he’s as unimaginative as every other run-of-the-mill penny stock con man.
-- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that it has added NASDAQ, Inc. and Henry Schein, Inc as its latest SmartDesk Enterprise clients.
https://finance.yahoo.com/news/cemtrex-announces-nasdaq-henry-schein-124000087.html
Yep, the mini Govil tells the “buy lie” again, but no one is falling for it. He actually thinks people are dumb enough to believe the SmartDesk is more than it, or any other sit/stand desk, really is. It’s a friggin’ desk with the huge disadvantage of having a rigid, take-it-or-leave-it computer configuration screwed onto it.
Both companies have bought SmartDesks to evaluate the product for widescale use in their organizations.
Hey, Mr Dummy CEO, sell me a SmartDesk for a couple hundred bucks with the understanding that it’s mine after I “evaluate” it, and I’ll be happy to play your little game, too. That’s the only way NASDAQ and Henry Schein “bought” the desk. Otherwise, you would have told the sale price. The Enterprise ruse isn’t working, and the market says Cemtrex is nothing but a four bit (soon to be two bit) con.
New 52 week low of $0.44. Different day. Same old story.
The Company continues to receive orders for use in financial companies, logistics companies, call centers, innovation labs, universities, engineering firms, advertising firms, software developers, and many more.
Cemtrex hasn't announced the sale of a single SmartDesk.
With a 72-inch, high resolution multi-touch display (with integrated proprietary touch and touchless gestures as well as the ability to draw and scan documents directly on the desk), wireless connectivity for full access to the cloud, and next-generation wireless charging capabilities for mobile devices, the SmartDesk is the next step in the evolution of the modern workplace.
The SmartDesk does NOT have a 72-inch display. It has three 24-inch displays. A 72-inch display has a viewing area of 2,205 square inches. Three 24-inch displays have a total viewing area of only 735 square inches. Big difference!
The SmartDesk does NOT have a scanner. It has the equivalent of a cell phone camera which takes the picture of a document placed beneath it. Big difference!
The SmartDesk is NOT the next step in the evolution of the modern workplace. It is a step backward. Big difference!
Today's volume has already exceeded the average daily volume as stockholders hit the exits after Saagar's announcement that consumers didn't care for the SmartDesk's all-or-nothing configuration.