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CETX Disclosing Insider Selling For CFO Rama Dela Going Back To March 2015

|Includes: Cemtrex, Inc. (CETX)

Link. Curiously the filing is not yet available on sec.gov.

Recently, Richard Pearson claimed Cemtrex was engaging in undisclosed insider trading.

There are many sales, gifts of 4,500 shares, and one buy of 500 shares, with a net decrease in shares of 19,833. This is consistent with Pearson's analysis.

Proceeds were $59,619.93, quite a bit less than Pearson's claim of $138,831. Average sale price was $3.88.

I expect a similar filing for Ducon Technologies, though none for Saagar or Aron Govil, as I do not believe they have sold any shares.

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in CETX over the next 72 hours.

Additional disclosure: I was long CETX, but sold today.