Bantek Inc (BANT)

[Hesmybrother]

Its written in plain English in their latest 10Q


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.