Cemtrex Inc (CETX)

[lucky2505]

Here is the latest press release from Cemtrex, and it tells investors all they need to know about the failure of Saagar Govil’s SmartDesk. They can forget all the pie-in-the-sky projections he is trying to blow up their rears. The revealing fact to be taken from the pr is that, after months and months of taking preorders for the desk, Cemtrex has a backlog of only a measly 800 units. Unfortunately for investors, the first responders to these types of promotions are always the most gullible and enthusiastic. Govil has drummed up practically no interest, and it will only wane from this point on. He is hallucinating if he thinks he can sell 100,000 units in three years……...or ever. By the way, shareholders might want to ask Saagar how he can deliver a SmartDesk along with white glove service to a customer in Bearcreek, Montana, and maintain gross margins of 35%. Common sense tells anyone it isn’t possible. Harebrained ideas like the SmartDesk are the reason the Govils can’t make it as legitimate businessmen and the reason Cemtrex is a scam.

https://finance.yahoo.com/news/cemtrex-provides-additional-information-regarding-133500335.html