Bantek Inc (BANT)

[horst]

It's pretty obvious what Bannon is planning on doing with the 3B proposed new diluted shares at the proposed offering price of .0006. He'll sell a tranche at 0006 to his buddies and immediately put out a garbage press release about reselling fictitious sanitizing drone robots to generate enough volume to absorb those shares, which will drop the price towards 0006 if not lower. At that point, he'll sell more shares at a lower price, as that's always the way of these penny stock S-1s. Bannon pays himself a whopping $624,000 a year to be CEO of this sham of a company that loses money hand over fist, so he'll extract his salary, give himself more free shares, extract enough to keep the lights on at Howco (which loses millions every year, as intended) and when the pps bottoms out at 0001, he'll reverse split again so his toxic lender buddies have plenty of headroom to convert their notes. Then he'll keep doing the same thing indefinitely: pump and dump his fake products for his fake company, which is one of the most successful and longest-running share selling scams in OTC history.