Cemtrex Inc (CETX)

[lucky2505]

Cemtrex………

has received a $500,000 order to upgrade a security technology system through its Advanced Technology Segment for a large Tennessee based corrections facility……….The details of the customer were not provided due to confidentiality agreements in place.

https://finance.yahoo.com/news/cemtrex-receives-0-5-million-131000676.html

Legitimate companies in the security technology space almost always reveal the details of the contracts they sign. There is no reason for them not to release that information. The only reason Saagar Govil insists on confidentiality agreements is because he doesn’t want investors to see the nuts and bolts of the deals he makes, and the reason companies sign deals with him is because he shoots them a price that they can’t resist. Of course, the deals aren’t good for Cemtrex or its investors; but that isn’t the mini Govil’s goal. He just wants a number he can flout in a press release. He knows there are gullible investors who are easily impressed by the number and too lazy to look beyond it and uncover his scam. Too bad he isn’t smart enough to run a “real” company. What a loser!