Yes companies spend money on advertising. Not hiring boiler room outfits to pump their stock. The fact the company has resorted to these tactics is yet another red flag. Plus they're pump & dump daytraders getting on board. Not investors. They'll dump when the volume dries up.
Fair enough. I will gladly admit that I was wrong. And I hope I am. But this one smells bad. All of the red flags. All of the questions. Many would disappear if CETX would get rid of this mystery auditor in India, and hire a real auditor in the USA. So easy to do. Very puzzling that they don't.
I believe in facts too. Don't believe everything this CEO is trying to sell you. He's a good salesman. So was Bernie Madoff. Yeah CETX keeps growing revenue--by acquiring some rather 'interesting' companies. You know this latest German company they acquired was bankrupt right? And all this business CETX is going to win in India and China. Can't help but laugh when you read those press releases. Keep pumping. All the while the company keeps diluting stakeholders with these convertibles. Luring in new suckers to buy--while someone keeps unloading. Who's benefiting from all these convertibles? Ask yourself that. Follow the money!
LOL! The problem is the scams aren't always so obvious. There's plenty of red flags on CETX. Go ahead and do some digging. Find me ONE legitimate company that claims to be profitable yet issues an endless amount of convertibles. And who's cashing in these convertibles? Ever ask yourself that?
That's the least of their problems. Bigger worry is they're in India and don't have any other companies as clients. Ok one company. Ticker is INOL. Worthless pink sheet company. They hired Bharat Parikh & Associates last year. Check INOL's 8K filing from 2/26/15. Bharat wasn't even able to complete a single audit for them. 10K filing last year was delayed, then never filed. This year it looks like INOL hired a new auditor. They never made any mention of Bharat. Like they never existed. Maybe because they don't? Or maybe Bharat is just grossly incompetent. If a company trading on the pink sheets at .0001 had to send Bharat Parikh & Associates packing, why is CETX still using them??? Maybe they should get a real auditor? Or is CETX scared to have a real auditor look at their books?
Yeah all that cash. Yet they keep issuing convertibles. Today's news a total joke. Issue convertibles at 70% of current price. Then buy back shares at 100% of current price. Only makes sense in bizarro world. Can't believe people think they will every buy a single share.