Cemtrex Inc (CETX)

[gs9090]

from Cemtrex website:
Plaintiffs’ opposition to defendants’ motion to dismiss confirms that the Amended Complaint is based on completely disconnected allegations cherry-picked from self-interested blog posts. These accusations may have worked to scare investors to the benefit of short-sellers, but they cannot satisfy the demanding pleading requirements of the Reform Act and Rule 9(b).
Plaintiffs have failed to identify and plead with particularity any false or misleading statement, much less that defendants made any false or misleading statement with scienter. This is not surprising, since plaintiffs do not, and cannot, allege a motive for fraud.