Bantek Inc (BANT)

[HugeGains$]

They will dump more. Plus lawsuits and millions in losses here: “For the six months ended March 31, 2018, the Company has incurred a net loss of $3,021,808 and used cash in operations of $795,719. The working capital deficit, stockholders' deficit and accumulated deficit was $13,020,086, $9,201,968, and $16,878,233, respectively, at March 31, 2018. Furthermore, on April 13, 2017 the Company received a default notice on its payment obligations under the senior secured credit facility agreement (see Note 5), defaulted on its Note Payable – Seller, and as of March 31, 2018 is subject to lawsuits and has received demands for payment of past due amounts from several consultants and service providers. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report. The ability of the Company to continue as a going concern is dependent upon management’s ability to further implement its business plan and raise additional capital as needed from the sales of stock or debt.”