Bantec Inc (PK) (BANT) Quote

How is there any difference? 🤣

It may not be so much that they are "losing" money on each contract, but rather their overhead (salaries and debt servicing) is way beyond what their current revenue and profit dollars are able to support.

Absolutely! and they will lose money fulfilling the contract... as always!

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If you look at $BANT's contract award history, you will find that they have sold most of these items in the past. This is not new news. Just fluff.

You do realize that the news is utterly meaningless?

They will lose money filling the order below cost!

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grabbed some yesterday on news... so thin - $BANT

Hello $BANT

You must be feeling better now Stock_Barber, now that these new Einstein Investors are seeing the true colors of this company. Stock will be in the trips soon. He's going to take a big plunge.....nothing good coming....sorry folks....There's a promoter on StockTwits. Goes by the handle of WORRY DICE. I've never seen so many ignorant vultures. People, do your research.....

None. And yes. I've been following this one for years as well. You might want to stick with Big Board stocks my friend... being upset that Penney stocks are scams is not the way to make money here. I don't own any BANT currently. I'll get back in at some point. All the best to you.

Great call there Bildo... How much have you lost?

Figuring it out yet?

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Not at all! Bannon dumps shares to pay the bills and his salary!

There is no Nasdaq in the future... just more reverse splits and/or bankruptcy!
BANT exists as a public company to defraud greedy investors! The investors/gamblers never win... he does!

The guy belongs in jail!

Take a wide berth here... or lose it all!

What are they trying to do sell shares to get to Nasdaq??? Opinions

You have held this scam through TWO 1:1000 REVERSE SPLITS!

That is 1:1,000,000!

People should listen to you why?

The level of intelligence on this board is astounding lol. If you can't make money with a stock that swings this wildly you shouldn't be trading. Has nothing to do with what's a scam or not. You're a genius for discovering scams on the OTC haha.

Beat me to it:

This new guy should be called Dildo.

Don't come here much, either. I was one of those that exposed TWDL for the gold scam that it was... over 10 years ago now..

make that -22.22%

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Maybe if they fall down to triples 000 I can buy some

Trying to understand. GHP is buy up to 10million dollars worth of

Filing to dump 250,000,000 SHARES!!!!

Down 18.5%...

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Some folks don't know how to make money trading. Instead of taking the time to learn, they tend to blame everyone but the person responsible... themselves. Be negative if you want. It's not the way I roll. IMO

What your sharing, and what you see as the truth is unfortunately not helping anyone involved with BANT stock. It's obvious you haven't taken the time to do the research, or even read previous treads. The only Entry point with this stock for anyone that buys it, is going to be in the rear, if you get my meaning. It's a losing stock. I can see you'll have to find out for yourself....nothing wrong with that, but don't spread any good cheer on this stock. No one wants to hear it......

I'm just speaking the truth as I see it. Trying to help folks out. I don't know any Mikes and I have no idea what a Shill is. IMO

Hello Mike or paid shill. IMO

These current prices are an excellent entry point before the next run. Look at the last 6 month's chart. IMO

Hello Stock_Barber......I see you made a new friend (bildo). As you know, I don't come on here much anymore. We both know what a Scam company BANT is. This new guy should be called Dildo. Maybe we have a promoter back. Maybe it's Rodrigo, or Mike himself. In any event, he's not worth chatting with. He's as ignorant on this stock as it gets. I suggest he post on STOCKTWITS.COM . This would be more his speed.....BANT FOR SURE IS GOING DOWN THIS YEAR !!

Read their filings dummy! You've been scammed!

I am not the enemy... Bannon is! You will learn... THE HARD WAY!

Unless you are British, "defense" is spelled with an "S"!

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Not with Defence they can't. Haha. No way to down play this buddy. IMO.

What part about losing money on every defense order they ship confuses you?

Anyone can "win" a bid by bidding below cost!

You will learn...

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Is this backwards day? Defence contract bad, losses good??? You need to go back to bed buddy. Today is not your day. Haha. IMO

Enjoy your losses...

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A negative spin on positive news.... haha. You are a pro brasher. lol. B team for sure. GLTY.

Also, in no way can a defence contract worth a few million be a bad thing
Oh yes it can... they win a contract by underbidding and losing money! And then they factor the invoices losing even more!

They tout the contracts to lure in suckers to buy shares, like yourself, who don't understand how the company operates! The contracts are bait to sell shares to traders who don't do DD.

Congrats... Bannon got you!

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Message boards are not the best place to do DD. Also, in no way can a defence contract worth a few million be a bad thing. IMO

Read the damn board... all you need to know about BANT is posted here! A little DD goes a long way!

To tout "defense contracts" as a good thing when they are filled at a great loss... embarrassing...

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Very mature lol. That's all you have to say?... a couple of emojis. lol. Intelligent and thoughtful rebuttal. Says a lot... IMO

I seem to remember something about getting some defence contracts a while back. That's real... and interesting. IMO

Hey. Let's throw out some more hypotheticals... why not? Make it fun and interesting. Be creative. IMO

Noticed that they lent to Bantec back in 2022...probably want to convert their paper and try to get whatever they can out of Bantec before it goes belly-up

Did you see today's news? Looks like another lender of last choice!

I noticed BANT's address listed is a virtual workspace as usual!

https://c3workplace.com/

Let yourself be seen! A virtual business address with C3Workplace is the perfect way to project a professional image and list your business so it can be found on reputable local search engines and Google Maps!

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Good catch!

Unfortunately... can't get blood out of a stone!

I would be happy if Bannon ended up in jail!

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Looks like the printing press is slowly but surely coming to an end, and this one is swirling into bankruptcy. Will be interesting to see what lawsuits emerge.

1800 Diagonal Lending, BANT's money-printing lender who is under investigation by the SEC, is suing Bantec in Virginia court: insert-text-here

The Company also breached a settlement agreement from 2023 that ended a court case in New Haven, CT:
"On April 10, 2019, a former service provider filed a complaint with three charges with the Superior Court Judicial District of New Haven, CT seeking payment for professional services. The Company has previously recognized expenses of $218,637, which remain unpaid in accounts payable. On May 2, 2023, the Company reached a settlement agreement with a former vendor which had a pending legal action against the Company concerning services rendered having outstanding amounts owed of $219,613. The Company agreed to pay a total of $110,000, consisting of a cash payment of $25,000 and a note payable of $85,000 (having a 3% annual interest). The Company will pay $2,472 for 36 months. The Company did not make payments during the six months ended March 31, 2024 and the balance remains accrued at March 31, 2024."

Lastly, the Company is selling their Howco receivables for $0.70 on the dollar - when your profit margin is 3-10% on government contracts, anyone can tell you that's not good business and reeks of desperation.

"On April 8, 2024, the Company’s subsidiary, Howco, executed a sale of future receipt agreement with Samson MCA LLC. Under the agreement, the Company sold $310,500 in future receipt or receivables for a purchase amount of $225,000. The principal amount is payable in weekly installments of $11,942.31 until such time that the obligation is fully satisfied for approximately six months. The Company received $56,425 after paying-off the remaining balance of the two Samson MCA, LLC loans (see Note 9) dated in August 2023 and January 2024 for $164,000 (net of origination fee of $4,500 which will be amortized over term of this agreement and $75 processing fee). The Company has the option to repurchase the receipts it sold to Samson during the first month to the sixth month from the date of this agreement ranging from $258,750 to $279,000."

Bought this morning, wished I had bought more!
Still wishing that?

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Still liking it?

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Then CLEARLY you don't understand BANT!

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Like it $BANT

This Kramer/SEC thing could lead to an investigation or more for BANT and Bannon - pubco’s can’t just issue securities without registering them and doing diligence on the purchasers. It wouldn’t shock me if BANT were actively under SEC investigation for their dealings. 🍿

I have posted many times on this Board. I know that everyone will always do what they feel is correct. If you don't want to listen to me, please listen to Stock_Barber. He has been correct on everything about this company, whether you believe it or not. I am personally an individual that has filled out, and turned in the "SEC Whistle Blower" form on this company at least a couple of years back. I didn't get much of a response, but have found out that they have been on the RADAR. It has recently come to my attention from a reliable source, that they purposely was working with Mr. Kramer, willfully knowing his past. I cannot go into all the details, but sometime this year, people (the shareholders that have lost thousands) are finally going to get some satisfaction with BANT. The writing is on the wall, as they say. Many, many paper trails will end this company.......