Trading down close to $3. Takeout at $4.35 - $4.75 should happen any day now. At least that will be some justice for the shorts. Maybe BAMA - but I suspect it will be someone we least expect. Bought a few shares today - more tomorrow.
I hope you are wrong also - but I have to agree with your sentiment. There was a nice 17K block go off at the close yesterday for 2.18. Let's hope this is a head fake but I sure don't like it based on past experience.
Tuesdays conference was opened with the question of how many investors had heard of CEMTREX before. I listened to the call. Only two attendees had even heard of the company so while the convertibles may have hurt the stock it remains that the company is not known by most investors. The company plans on changing this and that should be a significant change. The financial metrics of the company are excellent.
No. At the investors conference yesterday only 2 attendees had even heard of CEMTREX before yesterday. They are an unknown company but the company focus now is on getting the word out. With their revenue growth and track record for profitability I expect the pps back above $3 by the end of the year. Maybe even better if they have more knock out quarters coming up.