Cemtrex Inc (CETX): they claim to be buying back stock Bu...

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stockmasterflash

Re: jtbull post# 7044

Monday, 06/05/2017 5:00:12 PM

Monday, June 05, 2017 5:00:12 PM

they claim to be buying back stock

But just did a preferred offering and now filed a shelf registration to sell more stock.

Why so much financial engineering? Kind of sleazy (and illegal) for a company to swing trade their own stock

Under the shelf registration statement, once declared effective by the SEC, Cemtrex may from time to time issue up to an aggregate $20,000,000 of shares of its common stock within a three year period. Currently, the company has no specific plans to issue any securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by Cemtrex will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.

#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,