Cemtrex Inc (CETX)

[lucky2505]

Yeah, I probably should have just stated some facts to show where the Sunell/Vicon camera is headed. Remember the Key Tronic deal where Saagar offered to give CETX shares straight up for KTCC shares even though the KTCC shares were trading for twice as much? Of course, he never actually picked up the phone and talked to Key Tronic, but that company got a big laugh out of the offer anyway. And the Periscope acquisition was a dilly. ROB Cemtrex only had the company for about a month before it had to close the Paderborn facility and put those 120 or so poor folks out of work. I don’t know. Maybe Saagar just couldn’t concentrate because he had the “strategic partnership” with Lucyd on his mind. Whatever happened to that? Oh, yeah, that’s about the time he started having wet dreams about the SmartDesk. Oh, and Lucyd got outed as a scam, too. Say, have you heard anything about the VR game Ultra85 lately?. It was scheduled for release way back in June 2018. It seems like there was something else going on that might have been hindering Govil’s ability to concentrate though. Hmmmmmm. What was it? Oh, yeah, I remember. Cemtrex got itself mired in some class action lawsuits. Saagar claimed Cemtrex would “vigorously defend” itself……………..but he wimped out and settled. That didn’t keep him from bragging about getting the company listed on the Russell microcap index though. Boy, that sure didn’t last long, did it? Remember when Cemtrex said it would release the first game based on the Star Force series in 2019? It sure is hard to believe 2020 is nearly half over. My how time flies! Hey, remember Quazar? I still get a kick out of watching the video demonstrating that game.

Can you believe Saagar was actually bragging about that juvenile attempt at programming? It sure has been awhile since Cemtrex was on Deloitte’s 2018 Technology Fast 500. That’s about the same time Saagar said the SmartDesk was “poised to disrupt an $80 billion market”. Remember when Saagar thought people would be impressed that the SmartDesk was being sold on NewEgg? It isn’t being sold there now. Hey, do you remember way, way back there when Cemtrex was required to disclose that its internal control over financial reporting was NOT effective? The company got away from that for awhile but now the SEC requires that it state that again. Remember when Govil put out a press release because CemtrexLabs had been ranked as one of the world’s top small business web developers by Clutch? He said Clutch was one of the world’s largest B2B ratings and reviews sites in the world. It turns out Clutch has annual revenues of only around $1.5 million. Has it really only been about nine months since the mini Govil sold ROB for approximately a third of what it cost him to acquire it? Does anyone recall what Cemtrex paid for Griffin Filters? I thought it was really kind of Saagar to let his daddy have it for only $550,000. Yeah, I wish I had a good analogy. Unfortunately, these facts are all I have to offer.