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Goodcookin
Post# 16228 - this has got to be one of the most informative and interesting posts (backed with references) the Cetek board has seen in a long long time.
Thank-you Goodcookin !!
DANNYD
Penny-
Can't say I can blame you and I know exactly what you mean. Maybe another SH can step up and make a call to FH and beg for an update.
DANNYD
Big
Thanks but really there was no need to admit you are a bit "slow" and also fixated on only one of many issues related to Cetek.
DANNYD
Penny
Nice try but I'm reaally not a wig guy. Also I'm not all that close to Cetek but happened to be near Poughkeepsie on business.
So will you be making a call to FH ? Just wish him happy holidays and try to make a pitch for a end of year update on the website.
DANNYD
Big
Nope- I know exactly what you mean- you've repeatedly brought the issue up over and over. I'm afraid no one on this board will be abe to provide you with a satisfactory answer. You'll need to contact the co attorney. Good luck
DANNYD
Hybrid-Tek- Status
Can any SH residing within a reasonable distance from Hybrid-Tek in NJ stop by the facilty and see what is happening?
King- I recall you posting you stopped by there one time in your travels. Would you be able to make a brief visit again sometime in the near future?
DANNYD
Penny
If you recall I have been around here (regrettably) a long time. Unless I went in disguised FH would never shake my hand nor welcome me inside.
I had not been by there for awhile and I wanted to see if the company appeared to be alive and well. Based on what I can see
(at least by outside observations of the facility) business is thriving!!
Given the closed mouthed selfishness of this CEO unfortunately all we have to go on is the number of cars in the lot and the recent Cetek help wanted online ads.
This is why I have put out a request for the late afternoon phone call and for a SH to ask FH to update the year end co status on the Cetek website now 3-4 years old ---it would cost him nothing.
Penny --will you make the call to FH ?
DANNYD
Bigcue
I believe if you have continuing issues regarding the Cetek vs Cetek Technologies relationship you should contact their attorney Robert Laskowski.
As I have previuosly stated I don't trust FH anymore than you or any other SH here. I do I believe the best true hope for SH may come when FH sells the co. The acquisition will force FH to come clean and I don't beleive the buyer will tolerate any hanky panky involving the common shareholder. They will demand a clean sale.
DANNYD
I drove by Cetek on 12/9/10 approx 1:00 p.m. There were 12 cars in the parking lot way up from only 7 or 8 the last time I drove by about a year ago. Very cold day did not see any employees around outside.
Did see a bottled water truck making a huge delivery of big those 5-10 gallon spring water containers thru the office front door. Guess the employees are drinking lots of water over there and am surprised FH would spend $$ on this little employee perk as he is known to be extremely cheap.
There is still the same junky area behind the building, also observed a forklift near their loading facility.
Overall business appeared to be thriving or at the very least improving vs a year or two ago.
Can someone please call FH (best time after 4:00 p.m) and ask him if he will be releasing some typoe of update? Doesn't heed to be official PR which he will claim will cost him money. A business update posted on the website like he did a few years ago would at least be better than nothing.
DANNYD
All may not be lost for SH ..
Rather than attempt to get even a small tidbit of information from FH (no small feat) maybe somone could try attempting contact with some of the other Cetek board members
As most of you know the PR guy James Stock is long gone.
Dr Spriggs the former director of Cetek passed away in 2007.
That leaves the elusive Gabriel Cohen. Did a quick google on him and he does appear to own the BX-7f development company as per stated within Ceteks financial disclosures of 2006. Not sure if he continues as a board member. Cohen has a membership with Linkedin
For those of you who are interested in the Cetek Inc vs Cetek Technologies relationship issues you may want to contact the Ceteks attorney Robert Laskowski-520 SW Yamhill, Suite 600, Portland, OR 97204.
Phone 503-241-0780 FAX 503-227-2980
It serves no purpose to keep whining about this- if you have questions or concerns who better to answer your questions than the company attorney.
I still believe when FH retires within hopefully the next 5-10 years he will sell the company and at that point he will be sure to get all his ducks in order which will surely greatly benefit SH. There has not been a share dilution since 2007 because FH has not had to do one. He is making money
DANNYD
Website is back up
I see no changes or updates
DANNYD
Ramspace
IF THIS IS TRUE about the new website or at least maybe a website update that would obviously be good news. Thanks for making the call
DANNYD
Cetek website
As of the date and time of this post (Monday 9/20/10 11:00 am) the Cetek website has been down since 9/17/10 !!
DANNYD
Bigcue
For the last time - if FH ever wanted to actually sell his company and cash in his chips-
He would not be able to do so without first
"satisfying the buyer" and clearing up all the alleged confusion between Cetek and Cetek technologies.
The potential buyer would never pay a dime for this company if he suspected there were shenanigans being played between what you call Cetek the "corrupt" private company and Cetek technologies the "for suckers" public company.
Geesh-I never said a sale was imminent or even likely-just a possibility.
What's everyone worrying about anyway? All this talk about potential reverse splits and becoming delisted- OUR SHARES ARE ALREADY PRICED AT ZERO and pretty much worthless so we can not go down from here- a nice gradual tax write for us SH looks good to me
DANNYD
Cetek as buyout possibility-
You really need to look at this from the potential buyers viewpoint NOT Fiyaz Hilals's. Therefore you are still not getting it !
We already know FH doesn't give a rats arse about the common SH. I will repeat this one more time-
If FH were to sell his company whether it be Cetek Inc or Cetek Technologies, or whatever, he would need to convince the buyer the sale was legitimate.
FH may be unscrupulous but what buyer in his right mind would ever take the chance of buying an entire company knowing that he risked lawsuits from those company SH.
I don't think the purchasing company would be willing to lay down big bucks unless all is in order with the purchase/sale contract. This would inlude the common shareholder, preferred SH and or
any other involved parties.
DANNYD
Penny
You are missing my point. Do you think when the time comes for FH to step down he will simply walk away and be satisfied to get nothing for the company he has owned for several decades.
My point is when that time comes THINGS will happen. You are right in one respect he would then need to get his financial house in order. It may also require him to start releasing PR's again to get the s/p up so he can attain a higher sale price.
I have owned my own business for 20 years so I know how he may be thinking. NOT saying a sale is imminent or even a definite but maybe more likely than FH walking away and getting $0 after toiling away all these years. Now that makes no sense.
DANNYD
CETEK-FUTURE BUY OUT CANDIDATE ?
A buy out of Cetek and its affiliate some time in the next 1-10 years is always a possibility. FH has got to be at least in his mid 60's and his two sons are seemingly disinterested in running the company. (the younger son John who I met several years ago at the shop left the co years ago).
The stock is virtually at ZERO now so there is no going lower.
Remember FH at some point has to "cash in"
If he were to sell no buyer would dare complete a purchase without first resolving the Cetek vs Cetek Technologies issue (if there is an issue here) and also satisfying the SH as this is a public co afterall (even if FH treats it as his piggybank)
Not saying its going to happen but stranger things have happened. FH has at least 20 years on me so I can afford to be patient.
DANNYD
The letter to Attorney Laskowski and his reply has to be quite dated. Cetek has not not been incorporated in DE for years now.
Not sure if the same rules would apply to Cetek's incorporated status in Nevada.
DANNYD
Pennyworld
FH and his lawyer are not that stupid. He can and HAS disregarded SH but I don't believe he wants to face jail time just to screw SH.
I agree he couldn't care less about SH but you seem to imply he would go out of his way to commit securities fraud. Does not make alot of sense especially with his lawyer (Atty Laskowski) advising him on the consequences.
DANNYD
Bigcue
I am 100% certain those openings on the website are at least 2-3 years old. The good news is the 2 job openings I just uncovered are brand new.
DANNYD
CETEK IS HIRING EMPLOYEES (2 openings)!
There are two new job openings posted at Cetek just listed on
July 30 2010. (1) machinist (2) welder
See nNY career zones webiste and do the search under Cetek. Both openings have a direct EM to our beloved FH
DANNYD
Bigcue
Those openings from the Cetek website are very old and were there from the time the Cetek website was created years ago. The job openings from my #1629 post are current.
DANNYD
Bigcue
Those openings from the Cetek website are NOT current and have not changed since the website creation. The job opening I posted from my post #1629 is new
DANNYD
CETEK IS HIRING NEW EMPLOYEES!
Cetek is looking to hire at least one machinist.
Source: http://www.nycareerzone.org
These are recent ads placed in July and Aug 2010
DANNYD
Bigcue
I see no real significance regarding whether the building and land value is assessed at $192K, 292K or even $392K.
Some of the real issues are:
Why did Displaytek go into forclosure?
Why did Cetek Inc purchase the property on 11/4/09. (By the way the stated value is listed as NV (no value)
We thought Cetek might be producing product at 18 Creek Rd only now we have learned the building is vacant.
If you send me your E-mail address I will be happy to scan the
5-6 pages of assessors pages including photos of the 18 Creek rd building.
DANNYD
CETEK & Displaytek Inc -OFFICIAL DOCUMENTS
Per the Poughkeepsie assessors records , Frank Gunsch sold the 18 Creek Rd, Poughkeepsie, NY building and land to Displaytek Inc on 3/6/07.
According to the records there was a foreclosure on Displaytek sometime thereafter.
Cetek Inc then purchased the building and land on 11/4/09.
The land 2.8 acres is assessed at $144K and the building 48.5K
I visited 18 Creek Rd, Poughkeepsie. What a disappointment-the building is vacant with no signs of life. There is no name on the building only the number 18.
DANNYD
Bigcue-
Per your request, I will stop by the assessors office and research the paper trail on the ownership of the 18 Creek Rd location.
I most likely will not be out that way for several weeks but should be in the general vicinity prior to July 4th. Obviously if any other interested SH are out there before that time feel free to obtain the records and report back to the board.
Is anyone brave enough to call FH and inquire about Cetek Inc and Display-tek?
DANNYD
Bigcue
Excellent research & detective work!
So who is going to be the first SH to confront FH about his secret Co (Cetek Inc)?
The tax assessments on the 19 Commerce St facility is also interesting. Given the 1 million $$ plus value of the land and building it is a puzzlement as to why the share price reflects a total worth of the ENTIRE company including its product as only $500,000. The PPS at .0001 does not even reflect the value of the facility alone!
DANNYD
Jotofoz
Wouldn't it be ironic if after all these years of shareholder losses and SH having to put up with a non-reporting co led by a lying weasel CEO-if by some twist of fate Cetek was bought?
Of course-who in their right mind would contemplate buying this company when seeing the trashy grounds and general overall disgusting conditions of their premise.
Even so-if FH decided to sell out- I am thinking we are looking at a much higher P/S than the current .0001 even with what may be 7-8 billion O/S.
Do you have an opinion on the true current P/S and its future prospects?
DANNYD
King
If you or any other SH is so inclined you might be interested in contacting Bruce Anderson at WTP directly for that information. When I have communicated with Anderson in the past both by EM and phone he has been very forthcoming. Anderson's contact information is listed on their website.
I confess, I am the SH who after speaking with Anderson called the Poughkeepsie Journal reporter C. Wolf back in 2006 and suggested he interview Andersen for info on the WTP/Cetek relationship. You of course remember the glowing comments by Anderson about Cetek.
DANNYD
King
If You Can Believe the Old PR guy for Cetek (Jim Stock) he told me back in 2006 Cetek had purchased anywhere from 5-30% ownership into WTP. Quite a range and I'm not sure if I can believe that. Even 5% would be nice however.
At that time Cetek was providing parts for WTP MACHINES THAT WTP WAS SELLING TO ALCOA.
In the past I have gotten more information directly from Anderson at WTP than FH. I am not sure however what the current working relationship is with Cetek and WTP.
It would be nice if someone could confirm if Cetek does own a portion of the privately held WTP.
DANNYD
King
WTP is now affiliated with a Swedish Co. Check out there website
Compower.se If you search the Compower.se website you will see ceramic heat exchangers are an important component of their business.
Anyone want to contact FH and see if Cetek is supplying the ceramics?
DANNYD
You can count me in for the trip to Cetek!
I have already been thrown out of the Cetek office a few times several years back for asking too many questions and for getting under FH skin. I agree the best approach is a group visit of Shareholders rather than a single SH.
Can we push up the trip a bit to early April as I will be away the last half of April?
DANNYD