Bantek Inc (BANT)

[Stock_Barber]

THE TRUTH ABOUT BANT

When has a delay in filing ever been a good thing for any company? Right... never!

The "Penny Stock Exempt" rating will be lost a/o this filing!

They need $6M in sales to qualify and they only had $ 3,623,323 for the first 9 months of the fiscal year!

This is way down YOY from 2019 where they were at $ 8,589,148 for the same period.

And understand, what they call "sales" are really not actual sales!

How can that be?

They acquired a "sort of real" company called Howco which bids on government contracts. It gives them large dollar sales, but they aren't really sales.

Let's say, for example, that the government wants to order 1M Jeep windshield wipers. They post the "contract" and government suppliers bid on it. The supplier's wholesale quote is $2M. HowCo/BANT bids $2,000,100 and wins the "contract" for $2,000,100 because no real company would bid so low as to lose probably $50k processing and shipping the order.

Yet HowCo doesn't care that they are filling orders at a loss because they show HUGE revenue numbers and qualify for "Penny Stock Exempt". They can then fleece shareholders by dumping shares on their heads with the help of BS PR's and paid awareness folks!

BANT's real business is selling shares!