Replies to post #6033 on Cemtrex Inc (CETX)

[ksuave]

No idea, but I doubt it's on the first day of trading.

The preferreds (sp) seem to actually be trading. Someone is asking 10.25. They're willing to take 2.5% profit?

I don't understand the price on the warrants. Where'd that 6.31 go?

[Mr Fox]

They pay the divi semi annually. In cash or preferred shares:

Dividends. Holders of the Series 1 Preferred will be entitled to receive cumulative cash dividends at the rate of 10% of the purchase price per year, payable semiannually on the last day of March and September in each year. Dividends may also be paid, at our option, in additional shares of Series 1 Preferred. Dividends will be entitled to be paid prior to any dividend to the holders of our common stock. See “Description of Capital Stock —Series 1 Preferred —Dividends.”