Wednesday, February 22, 2017 2:56:34 PM
Cemtrex has retained multiple auditors in various countries. Per the company’s most recent proxy statement dated January 30, 2017, approximately $95,000 of auditing fees were paid to multiple accounting firms including the Company’s PCOAB-approved accounting firm, Bharat Parikh & Associates, DHMP GmbH, and Stambaugh Ness.
As is easily confirmed by a review of Cemtrex’s proxy filings with the SEC, Aron Govil and Saagar Govil have not sold shares of Cemtrex in several years. In addition, CEO Saagar Govil and Cemtrex Founder Aron Govil are committed to purchasing additional shares of Cemtrex in the open market and will file the appropriate Form 4’s with the SEC accordingly in the days to come.
“We believe it is our responsibility to respond to this malicious article authored by a short seller with a clear motive to manipulate our share price and manufacture a false narrative about our company. Today’s blog post in Seeking Alpha amounts to nothing more than fake news created solely for the purpose of illicit gain by short sellers and we reject its contents entirely. The author has a history of writing rhetorical and damaging articles about companies where he holds a short position and we intend to pursue legal action against him and his cohorts immediately. Cemtrex has never misrepresented its investment proposition or financial performance to its shareholders and we stand by the contents of our SEC filings and press releases. Cemtrex urges the SEC to act quickly to address these malicious actions by the relevant short sellers and their associates. The author has conveniently failed to acknowledge all the tremendous accomplishments over the last three years.” stated Sagaar Govil, CEO of Cemtrex, Inc.
The Company also plans to hold it’s regularly schedule conference call tomorrow at 11AM ET. The details of which are:
Date: Thursday, February 23, 2017
Time: 11:00 AM Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-407-8293
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8349
Recent CETX News
- Cemtrex, Inc. Announces Closing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/03/2024 01:50:00 PM
- Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/01/2024 12:59:00 PM
- Cemtrex’s Vicon Industries to Attend ISC West 2024 • GlobeNewswire Inc. • 04/09/2024 12:30:00 PM
- Vicon to Showcase Their New Unified Cloud Solution with Groundbreaking Face Authentication and Person of Interest Tracking at ISC West 2024 • PR Newswire (US) • 04/07/2024 11:25:00 PM
- Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million • GlobeNewswire Inc. • 03/11/2024 12:45:00 PM
- Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature • GlobeNewswire Inc. • 03/06/2024 01:45:00 PM
- Cemtrex Issues Shareholder Letter and Provides Corporate Update • GlobeNewswire Inc. • 02/28/2024 01:30:00 PM
- Cemtrex Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 02/12/2024 09:20:00 PM
- Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024 • GlobeNewswire Inc. • 02/09/2024 01:30:00 PM
- Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time • GlobeNewswire Inc. • 12/28/2023 02:15:00 PM
- Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 12/21/2023 09:35:00 PM
- Vicon Boosts its Unified VMS Platform by Integrating with Omnilert's AI Visual Gun Detection System • PR Newswire (US) • 12/19/2023 09:11:00 PM
- Cemtrex to Host Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference Call on Thursday, December 21, 2023 • GlobeNewswire Inc. • 12/07/2023 09:15:00 PM
- Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools • GlobeNewswire Inc. • 10/10/2023 01:00:00 PM
- Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown • GlobeNewswire Inc. • 09/26/2023 12:30:00 PM
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- Cemtrex Receives $1.5 Million Upgrade Order for Vicon Valerus System from Correctional Facility in Maryland • GlobeNewswire Inc. • 08/29/2023 12:30:00 PM
- Cemtrex Announces Share Repurchase Program for Series 1 Preferred • GlobeNewswire Inc. • 08/23/2023 01:00:00 PM
- Cemtrex Reports Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 08/10/2023 08:15:00 PM
- Cemtrex to Host Third Quarter 2023 Financial Results Conference Call on August 10, 2023 • GlobeNewswire Inc. • 07/26/2023 12:30:00 PM
- Cemtrex Closes Acquisition of Heisey Mechanical Ltd. to Expand AIS Industrial Segment • GlobeNewswire Inc. • 07/07/2023 12:30:00 PM
- Cemtrex to Acquire Mechanical Contracting and Steel Fabrication Company to Expand AIS Industrial Segment • GlobeNewswire Inc. • 06/08/2023 12:30:00 PM
- Cemtrex to Present at LD Micro Invitational XIII Conference on June 6, 2023 • GlobeNewswire Inc. • 05/23/2023 12:30:00 PM
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