Cemtrex Inc (CETX)

[lucky2505]

To Cemtrex shareholders who were with the company before the June 13, 2019, 1 for 8 reverse split, this is how badly you have been diluted and screwed. Cemtrex reported outstanding shares of 16,737,009 before the split. According to the latest 10-Q, there are now 16,743,334 outstanding shares so any supposed benefits of the split have been totally wiped out; and CETX, which closed at $3.00 on the first day of trading after the split, closed today at $1.35.

https://www.marketwatch.com/investing/stock/CETX/historical?siteid=mktw&date=June%2013%2C2019&x=0&y=0

By the by, although you are hurting, the Govils have rewarded themselves with “increased salaries expense”. Also, that $1,026,900 in Series 1 preferred stock dividends reported in the 10-Q went mainly into their pockets.