I'm not holding my breath. Feel like we may never see it. I even told him how Yahoo and most sites still have the old PR. Company doesn't seem to care. Frustrating!
Still not sure how they messed up that revenue figure so badly. They reported Q4 revenues were up 57%. When they were actually up 440%! They also didn't break out the massive Q4 increase in net income. Almost like they were trying to make the numbers look as bad as they possibly could. And the correction should have come out hours later. I see companies do that all the time.
Here's his email response to me (below). Left me scratching my head. I'm very disappointed by the glaring error and lack of correction...especially after what was such an excellent shareholder letter in September. I bought more shares when I read that letter as the company seemed determine to build shareholder value. Now apparently they don't know how to do that. Or don't care, which is even worse. As I told him in my email...achieving great financial results is the hard part...putting them in a press release should be the easy part!
Harry, We have corrected the PR as you can see here: http://www.prnewswire.com/news-releases/cemtrex-announces-2014-annual-results-sales-increase-by-249-283037631.html Unfortunately, once a PR is disseminated it cannot be recalled. Any media outlet may or may not pick up the revised version. PR Newswire has indicated that releasing a new PR so quickly on the same info will be received as spam by media outlets, and not receive as much coverage; so we may wait until next week to issue something new. Thanks, Saagar
Market Data 
Markets 
AI
