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Re: Traderfan post# 21187

Thursday, 06/02/2016 10:40:21 AM

Thursday, June 02, 2016 10:40:21 AM

Post# of 114145
Don't know if CETX is a scam, but I wouldn't be surprised if it was halted by the SEC someday. I know there's other smart investors in it who are convinced it's 100% legit. Hopefully so. But something about it doesn't seem right to me. Have followed them for awhile. First red flag was a couple years ago when the CEO made a glaring error in the company's revenue increase in a quarterly earnings PR...and never corrected it. What did we say our revenues were again? Then last year a couple times he talked up earnings in PRs...only for the 10Qs released a week later to reveal hefty 1-time gains. Slimy. Their auditor is in India and has no other clients except a pink sheet stock that trades at .0001. You saw the picture of their headquarters right? And the whole convertible thing is weird. How many profitable companies have to keep issuing convertibles to stay afloat? Yeah I know it's for the acquisitions. But what a great excuse that would be. We have to keep unloading shares to make the acquisitions. And the companies they acquire? This is their second acquisition in Germany. Harder to track. And this latest company is bankrupt. At least they probably got a good deal!

There's money to be made on the pumps and dumps. CETX has made some huge moves. But you don't want to be caught holding the bag when the music stops imo.

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