Not your fault. This company continues to sucker in new investors because the numbers LOOK good. Then they dilute with endless convertibles. No legitimate company does this. Nor do they hire pumpers to send out email blasts. Do some digging and you will see there's lots of red flags here. That said, even I'm surprised how quickly this has crashed back to $2. I said end of the month. Should have said end of the week.
Be VERY careful with this one. Lots of red flags. Numbers can't be trusted. Serious companies don't just dilute shareholders with endless convertibles. And they don't hire companies to pump their stock with email blasts.
Certainly not a good thing. Shareholders are likely scratching their heads. Why file a shelf registration in April and then withdraw it in May because you don't meet eligibility requirements. Maybe these jokers should hire someone who actually knows what they're doing.
Big difference there. Getting the word out with press releases, conference calls, good earnings, investor conferences, etc always a positive thing. But today you got a bunch of pump and dump momentum traders who jumped on the stock because an email told them too. Not exactly the kind of person you want. The smart members of that group probably bailed at the end of the day for a small loss. The rest will be quick to sell when the price starts dropping along with the volume. Which is why CETX will be below $2 by the end of the month.
They grew revenues by acquisition. Earnings were down. Numbers are fine. Or they appear to be. It's this company's sleazy tactics I have a problem with. Hiring pump & dump outfits to push their stock. What legit company does this? And the endless convertibles to dump on existing shareholders. Something ain't right here.