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gistheman

08/11/15 6:58 PM

#11647 RE: SSKILLZ1 #11646

FWIW, I had a poor experience with Cemtrex's management decisions of what to PR and what was withheld from investors a couple years ago. If I remember correctly, they announced a $10-12 mil contract that never came through and never announced that it didn't work out. Investors stayed on the hook for several quarters thinking 'this is the quarter when all that revenue hits'. Saagar finally admitted it to me on the phone in so many words. It was a lesson to me to be more skeptical of contract and deal announcements and watch carefully if the subsequent revenue actually shows up when expected. I would never trust this management and at best consider a trade...not an investment...