Cemtrex Inc (CETX)

[lucky2505]

At this point, it isn't a given that Cemtrex will regain compliance with the 1 for 6 reverse split. The stock has to remain above $1 for ten consecutive days. With the price continuing to plummet, there is no guarantee the split will even put it above a dollar. My guess is that Saagar was hoping to have CETX somewhere around $1.50 after the split so that no or very little promotion would be required to keep it above a buck for the ten days. He knows the price will fall; he's just looking to buy another 180 days of NASDAQ visibility to swindle the suckers. Now, it appears he's going to have to do some heavy pumping to get the price up prior to the split, or he's going to have to alter the terms of the split. It isn't easy running a con when it reaches the point where just about everyone is aware of the fraud.