Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
End2war, you're a good communicator and know the legaleze. When can we expect your sample letter on the board for others to use as a model?
Incidentally, knowing how complicated and costly the legal process would be, it would certainly behoove us to exhaust every non-legal avenue we have, but with some limitation as to time.
Make sure in your model letter, you ask for the three critical pieces of information we shareholders need to know. That is shares outstanding, revenues and profits. It seems pretty basic. And please make the point that it is ridiculous for shareholders to have to spend hundreds of hours of their time trying to find that information on the internet when it should come from the leader of the company.
Orangeman, you've gone back another 4 years now to 2002. That was another lifetime versus where things are today.
Yes, Cetek issued RegDs back then when he bought Hybrid-Tek for $900,000 and Belanger for about a half million dollars. I didn't like the dilution then, but in retrospect, they both seem like pretty good investments now. He also announced that he had 6.1 billion FULLY diluted shares (if all the convertible debt were converted into shares). And since then, there have been no RegDs and hence no subsequent dilution.
Now you can post until the cows come home how he's issued shares to pay whatever debts he accrued since 2007. But yet again, your assertion is preposterous, because (1) The stock traded at no bid most of that period. (2) There were rarely trades at even .0001 for much of that time frame and certainly no volumes anywhere near the 3 or 4 billion shares you claim got issued. (3) Hilal has never issued new shares without some kind of a PR to move the price up, and he sure as heck isn't stupid enough to try to dilute when the shares are at no bid.
Orange, why are you guys so desperate to get this stock back to zero. What is it that you gain by it being at no bid versus .0002 or .0003 or .0004? DO you have so many shares short that it's some humongous margin call you have to meet? Explain the rationale to me.
Orangeman, are you forgetting that we have a Cetek share count back from those days? After 2007 the stock was trading at zero, and what you suggested simply didn't happen at no bid. Why would you continuously make statements not supported by DD?
And once again you make a statement about my knowledge of Hilal, of which you have no knowledge. Are all of your statements here based on anger and raw emotion? Show me some DD Orange. You know darned well there hasn't been a RegD in seven years and hence, no new stock, especially when the stock has been at zero for many years. Besides, as you well know, if Hilal issued shares, he would issue a PR and get a decent price for the dilution. It is ridiculous Orange for you to be making these assertions, especially when it's obvious they're not true.
Orangeman, what you just said is almost preposterous. I'm a contractor or supplier and I come into Cetek to do work, and he offers me shares of stock. I look up CTKH and see the price is at no bid, as it has been for most of the last four or five years.
Oh Yeah, I'm going to take some worthless shares for my payment, and ask if there's anything else I can do to get some more no bid shares.....LOLOL You guys crack me up...but anything to fit your negative mantra. I see your partner is at work too trying to scare people away. Too funny. That bid is growing at .0001. At 800 million the last I looked.
Ramspace, your letter idea is fine, and I'd encourage everyone to do this as a last ditch negotiation effort before we assemble four or five large shareholders and issue a demand for the shareholder list. That could also be accomplished in a week without any need for an attorney.
I would suggest that in the letter each shareholder ask the question "HOW MANY SHARES ARE OUTSTANDING?" I think everyone would agree that is the one piece of information that would temporarily quench everyone's thirst for some information.
I understand Ramspace. I do believe that when Hilal says he plans a PR or shareholder meeting that he has the intention of doing so. But you know how it is with good intentions..that and $5 will get you a Starbucks coffee.
I firmly believe that Hilal is the worst procrastinator I have ever seen. He absolutely would rather agonize, ponder and spend hours talking about it with shareholders on a phone rather than take the fifteen or thirty minutes it would take to write the thing and be over it. And of course, the longer he procrastinates, the more imposing the task becomes in his mind, because how would you even start to update the shareholders with what has happened the last seven years? I have heard it referred to as "analysis paralysis", and he is truly paralyzed because of his fear of this simple task that would take "feeble-minded" people like you or me about ten minutes to put down on paper. It's really sad. But at some point, it becomes criminal, because you have a fiduciary responsibility to shareholders to keep them informed, and I'm afraid this is where this is heading. As a shareholder, you have legal rights, and he is just trampling on them.
Good morning Sobr. Well...I don't know that I'm the autority on what constitutes a "large shareholder", but we do have a significant number of investors here who own over 100 million shares up to about 320 million shares of Cetek. That's the group I'm mainly referring to, but if we do pursue legal action, your 25 million shares would be more than welcome to be part of the group action.
Good morning DannyD. I see we have a wide range of opinios about pursuing information from Cetek. Of course, there are several people's opinions who I could care less about, and you know who you are, and certainly would not want them to be part of our process.
I was intriqued by Ramspaces's post, so I'm waiting to hear more about his proposal.
I also think we have a much different situation than we had a couple years ago, because of the major accumulation of the cheap Cetek shares by a few large shareholders. The nice thing about that is we only have to work with as few as 10 large shareholders who we know we can rely upon for the various forms of support required, and don't have to turn it into a circus with the likes of ...well...you know who.
I have no agenda other than getting Hilal to provide what would be considered normal financial reporting to shareholders as required by statute and normal CEO fiduciary responsibility to shareholders. The ultimate goal would be to have the stock trade at a level consistent with that information and not on some artificially imposed cellar price implemented by unscroupulous characters and MMs.
As I posted last night, there are varying degrees of approaches we could take for different levels of information from Cetek. For now, I'd be satisfied to get the share count, and hopefully that would be something we could negotiate thru Ramspace. Then we can talk about the second stage information.
However, I also think we are dealing with one of the most bizarre CEOs in the history of America, and we ultimately may be forced to pursue the legal or political route to information, or collectively buy up all the shares or get an activist investor willing to buy the shares for nothing and then finance the court battle to replace Hilal's entire board.
I also like Brezlin's idea to go public with what's going on here. We did previously make a limited effort to do this wothout success. Bigcue thinks we can apply some political pressure with the new shareholder-friendly NY AG. Both of these approaches are preferable because there would be no cost to the shareholders. And when I see the stock sitting where it is, I realize that there are very few people here who are actually willing to pony up the funds that a big court battle would require.
Also, I have no desire to be a "Big Player" as I've been accused. My only mission here is to get the stock to trade where it should on the basis of full disclosure of information by the CEO. I will be happy to assist any individual any way I can who can achieve that objective. And I am more than happy to organize the thought process and plan of action, because in my business experience you succeed when you have clearly stated goals and a plan of action...not unfocused mob action. My ability to articulate a course of action certainly doesn't imply that I'm the self-appointed leader...not my objective at all.
KNM, I was told that any state would enforce the other state's statutes, but we can check with other osurces to be certain.
Previously, I talked with a bunch of attorneys with national/regional reputations, and none were willing to take a class action case on a contingency basis because they have no idea what the company is worth. We could probably solve that problem if we get a look at the books. So, there will be upfront legal costs to see the books unless Hilal just says "Sure, have a look whenever you can make it over". LOL
But once we do, if they're as impressive as we expect, then I think a contingency is possible, using some shares of stock.
Good post Coppernickels... Exactly, all those SEC rules and Reg-Sho gobbledy-gook, (Don't mention the exception to every rule) is designed to divert attention away from Cetek's undervaluation with $10 million in revenues, 45 employees, six new hires, two $150k managers hired last year and the amazing world class Hybrid-Tek subsidiary which is refitting atomic accelerators around the world.
Thanks for your input BigMo. There are for sure several of us that feel the same way as you about the Cetek situation. Based on my conversation today with the Nevada attorney, I think I can see a path of steadilly ratcheting up the pressure for information, that may or may NOT involve a lot of legal expense. We start by finding out how many shares are out there, and then we have a lot clearer picture of what this company is worth per share. Getting a look at the books will probably not be prohibitively expensive either. However, the board member(s) would come at a high cost, but wouldn't that be the ultimate revenge?
First order of business...to use his fat bank account to declare a shareholder dividend of about .0005 per share. The second order of business would be to call 3M and put the company on the block for $30 to $50 million dollars, depending on what we find out.
Bigcue, I'll refer you to my prior post, assuming no one deleted it. I totally agree that every piece of pressure we can bring to bear will probably be necessary. I'm assuming you still have some connections, so let's resuurrect our document from a couple years ago to the NY AG and update it, and send it to the new shareholder-friendly AG. If you've got any contacts left, let's give them a call.
I talked with my securities lawyer in Nevada today about our Cetek situation and got most of my questions answered, including one or two others as a bonus. None of the information that I post today will be particularly sensitive, so I will go ahead and post it here. However, at some point, we will need to take our conversation elsewhere, as there would be certain basher board members we obviously do NOT want to be knowledgeable of our plans, and of course, we would have to assume that Hilal would be aware of anything we decide to do if posted on this board.
Here's what I was told:
(1) We do not need a Nevada securities lawyer to enforce the Nevada statutes under which Cetek operates, Any legal action can be filed in any state we choose, because each state will enforce the other states' statutes. It appears to me that New York would be the best choice, especially if we have to litigate.
(2) We need only 5% of the shareholders (proxies) to issue a demand for a list of stockholders.
(3) We need 15% of the shareholders (proxies) to issue a demand for a stockholder meeting and for a look at the company's books.
(4) With 50+ percent of the shareholders, we can demand a shareholder meeting to elect our own board members. However, in this case, Hilal's voting shares, would preclude that from occurring, and it would be the mother of all court battles.
(5) His estimate of the legal costs to initiate (1) and (2) is less than $5,000. However, he said that there would likely be counter-measures which might force us to initiate litigation to enforce the Nevada statutes, and that's where it would become more expensive abd impossible to estimate the costs.
(6) In general, it is impossible to estimate the cost of the various alternatives because of whatever obstacles Hilal would throw in our way. He did say that 50% of the shareholders would be very impressive to the courts in any litigation we pursued, and the seven years of silence would likely get us considerable sympathy from the courts.
That said, I think our number one priority should be to get the proxies of 10-12 of our largest and most dedicated shareholders from this board and then present a letter to Hilal demanding the list of shareholders. I know we only need 5%, but I think if we present a percentage of shares well above 15% that he will know we are very serious. Plus, once we have the list of shareholders, we will know what the outstanding share count is and will know for certain about the naked short situation.
Further, we can get legal document samples for both proxies and the demand for the shareholders list, and we won't even have to use an attorney for that letter.
That would be a feeling-out process, but if successful, could have a very positive impact on the stock price if what we suspect about the share structure is true. After we have that information, then we decide whether or not to proceed with round two and be prepared for possible litigation and the ensuing legal costs, if needed.
Along with the legal steps I've outlined, I agree with several posters that any public or political pressure we can bring to the situation makes a lot of sense. Litigation will be expensive, although probably well worth it. I'd love to see us get something published in the Poughkeepsie Journal or Wall Street Journal about our plight.
FSU1UF2, I see Ramspace has already answered your question about hirings. And I truly empathize with the extraordinary waiting period. I would only add that Hilal hired two Mangers either in late 2012 or early 2013 for annual salaries up to $150,000, and a couple of ceramics engineers. Then there was the $46,800 reinstatement last summer. So keep the faith. Major things are happening with our company, and it will, one way or another, get reflected in the stock price.
Bigcue, thanks for your clarification, and I agree that this is an avenue, since it's in Cetek's home state, that we might reconsider. It appears this AG is invested politically in leveling the playing field for the retail investor, although I fear for now, he is specifically after the high frequency traders, and not much else. And truly they are a scourge, and I hope he is able to do something about those constant fake bids and asks that they throw up every few seconds, which make any short-term trade in a listed stock a hellish experience.
Here's my next step for now. I will contact a securities attorney in Nevada that was very generous with his time to me in several previous discussions a couple years back. He costs $450 an hour, so I got about $900 of free advice.
What I intend to find out is what is the share percentage threshold to challenge Hilal for financial information about the company and succeed. As memory serves, it is 15% and we would then be able to send in an accountant to peruse his books. The next question is what percentage of shares it will take to place a shareholder on Hilal's board. And then I will ask, what if we have proxies for over 50% of the shares, how many board members can we elect? And of course, we will need an answer to the question, of how we deal with Hilal's preferred voting shares. We also need to know what obligation Hilal has to provide the true number of shares outstanding so that we can pursue court action. I'm guessing this is a piece of information that we can get without too much effort or cost. And just think how important that number is to any shareholder and helping to clear up this NS issue.
And finally, I will find out what the legal costs would be to pursue each of these alternatives. As I have stated many times, I cannot for the life of me understand how a CEO could take stubborn pride at having his stock trade for nothing. I know this country has lost most of its common sense, but a "share of stock" represents "legal ownership" in a public company. And while Hilal may think it's his company, our shares of stock are clear proof that we shareholders own a portion of the company too. And for any CEO to allow his shares to be accumulated in vast quantities for next to nothing is bizarre because the power structure can change dramatically. And in the internet age and age of shareholder activism, the stockholders can communicate and work together and exercise a whole lot of control, especially when maybe 20 investors own half the highest possible share count.
Another option is to take our story and research to some well-heeled investor(s) who would be sympathetic to our cause and willing to pull a Carl Icahn move. But we may now have enough of them here that this won't be necessary. Stay tuned.
Go Cetek. It's interesting Penny that my response to your KND! discussion was deleted. Yet, your post wasn't, nor was my original post, and both were clearly discussions about other stocks. As you're painfully aware, your stock did tank big time (25%) shortly after you claimed you were leaving the Cetek board. And investments are all about time frame, and your time frame as you proved today from your Cetek comments is several days.
It has become clear to me that I am wasting my time to respond to your posts because you will either delete the post or one of your buds, based on changing rules being applied on this board. A comparison of Cetek to another investment experience is totally relevant, a lot more relevant than a post which says "Cetek to da moon" which is always "on topic".
But as things are on this board, I will focus my attention on accumulation, a share lockdown, more juicy DD about Cetek, and prodding Hilal to do his fiduciary repsonsibility to shareholders, which after all is all your posts are intended to divert attention from.
Bigcue, I'm not sure what you're criticizing here, as we previously sent letters to the NY AG about Cetek's lack of shareholder accountability, and their response was that it wasn't in their jurisdiction. I hope you remember that, as it was less than two years ago. I guess that means you didn't participate in that effort, although you were certainly aware of it.
After several conversations with the AG's office, their recommendation was that we pursue a private lawsuit against Hilal, but at the time we didn't have enough verifiable facts about Cetek to know whether it would be worthwhile to pursue the case, so we didn't. But now, it appears that legal costs would be well worth the risk/reward that it would entail.
As far as being a "big time operator", what the heck are you talking about? This sounds like more of your Display-Tek conspiracy talk. I could care less about being big-time on IHUB. Pumping stocks and gathering a flock doesn't interest me in the slightest. This is a forum to communicate with other Cetek shareholders and that's what I've done. During the dark days, I let people know their stock was NOT dead. As I discovered a faint and then ever increasingly strong heartbeat, I let the rest of the doubting shareholders know.
My goal here is to see that the long-suffering shareholders (old and new and including myself) get a valuation for the stock which they invested in in good faith and based on Hilal's revolutionary CETEK PROCESS, that reflects full disclosure of the financial data and future prospects of the company. Once that occurs, I probably will not be around much, as I truly have better things to do.
How ridiculous is it that you have to find out pertinent facts about a public company you own by hours of research and other research that people post on stock message boards? Pretty ridiculous and that means I am no fan of Hilal, but I respect what he has accomplished as a scientist more than you can imagine.
But hear me now and listen to me later...lol....For all his obnoxiousness and lack of common sense, Hilal has defied all the odds and created a significant company that is on the bleeding edge of technology and could be worth far more than any of us realize because of the proprietary processes he has and the ability to adapt advanced ceramics to the harshest environments known to man, including atomic accelerators throughout the world. There also appears to be very significant financial success based on his recent hiring spree, his revenues, the Hybrid-Tek expansion and 45 employees. Cetek is a significant company, and for that I'm cutting him some slack and saying his accomplishments outweigh his obvious deficiencies in communication.
Let's see a show of hands from anyone here who has created a ten million dollar a year company that keeps 45 mostly highly-skilled Americans off the unemployment rolls during an extremely difficult economic period. Where would Hilal have been if the economy had been good the last five years and he had professional managers, like he apparently does now with the two $150k hires from 2013? And this company trades with a one million dollar market cap. Hmmmm
Go Cetek. Penny, do you realize in your prior post, you just gave me credit for pumping Cetek to .0006 and for causing you to sell KNDI at 6 and 8 instead of 22? And then you turn around and say it doesn't matter what anyone says on this board? Seriously man, are you ok?
So why are you bashing Hilal now? I mean..if it doesn't matter. I thought you were planning on sleeping for five or ten more years? Does that mean I can't rely on anything else you say?
I don't care a thing about Cetek's past. This is now and things are totally different as far as the FUNDAMENTALS of the company. And there's no dilution going on or there would be a RegD. And funny thing, as DrLarzo confirmed today, even when we thought there was dilution with the RegDs back in 2005 and 2006, there wasn't.
Go Cetek!! Fetter, you know, I hear what you're saying about the Tesla trade, and it is always easy to look back at a long-term chart and wonder how you could have been so stupid as to have sold it, but I personally don't know how any investor in today's market with the volatility caused by the high frequency trading can stomach a long-term trade where a stock like that fluctuates between the depths of depression to the heights of enthusiasm every few months. Toss in the fact that probably 95% of the gurus think it is way over-valued, as would be supported by almost any financial metric you want to use. If you're a fund manager with a ton of money and diversification, I understand how you can ride it out. But for an individual who is not overly wealthy and who watches his bottom line every day or two, unless it's just a small percentage of your portfolio, which you maintain at that level by selling as the stock rises, then it's almost impossible not to sell at the bottom of some drastic dip, like what happened with the fires several months back.
Cetek on the other hand is undervalued by any financial metric I can think of, which is why I've stuck by it all these years. But down here, and just given the recent run from no bid to .0006, I find this hard not to like, even if we have to wait a few more months for the BIG news.
Orangeman, at the end of the day, there were 30 million on the bid for Cetek Technologies at .0002 and there were right at 100 million on the ask at .0003. No lies or exaggerations...just the facts. Sadly for you, there were NO sales in the last hour.
My point was anyone could have placed a buy for even a hundred shares and the stock finished at .0003 and you and Penny wouldn't be here gloating. What don't you understand about that Orange? Why are you so angry? Yes, there were more sells than buys today. Be happy.
Penny, all you need to know is that I own more shares of Cetek today than I've ever owned. I added over 4 million shares today. I absolutely believe this is the most undervalued stock I've ever seen, even though we have a silent CEO. But there are cookie crumbs of seven years of growth all over the internet for anyone to see if they look. And if you and the Orangeman can talk this down so that a few hundred million more shares get sold at .0001, then I'll own a whole bunch more shares. So will a lot of others.
Looks like you guys are in a no-win situation..you talk the stock down, but it keeps getting accumulated in stronger hands...And it's becoming increasingly hard to convince people the stock is worthless. But do keep trying if you must.
Awesome Fetter and congrats to you. You'll probably do the same with his air Cetek shares.
Penny, if you're listening, and I know you are, Fetter is your KND! guru to consult for investment advice.
As I recall I recommended that Penny sell his CETEK shares and move on while it was up. Yes..I did say that when Cetek was at .0004 that he seemed unusually nervous and unhappy and should sell and move on. And he just wouldn't listen..he was doing the Rip Van Winkle act..Too bad.
Penny, I realize you're getting very fearful of the CETEK lockdown with these cheap shares, but so be it.
Now you know any investment is all about time frame and I was completely right when your stock tanked almost 25% in about a month. The time frame of you and Orange is about a week or less, so yes, I made an intelligent comment. And if that was a long-term investment for you, then you made a very foolish sell decision. Besides, you didn't consult me on the buy or sell. I just said your buy was lousy in a roundabout way.
Until today I just assumed you still owned it. I even sent you a congratulatory post in which you did not mention you had sold for a small profit. That was a bit deceptive. But bad analogy here Penny....you can do better. You just proved I was right now that you've defined your time frame as extremely short-term.
I don't think so Orangeman. The stock made a nice recovery on the bid at the end of the day and I notice a few of your MMs backed off the .0003s as well. It could just as easily finished at .0003 as .0002.
But I understand you're happy today Orange to see that .0002 at the end of the day. Good for you, but these cheapies will get loaded.
I think you misunderstood Makinit. The people who lock the float in Cetek are all going to do extremely well. You think you're dealing with a bunch of weak-kneed ill-informed investors here who will go quietly into the Nite...LOL (I made a funny.)
But there is now far too much information out in the public domain about how undervalued Cetek is. And for both the CEO allowing his company to be bought for nothing, and now some crazy shorters, you are about to learn a great lesson about float lockdown, especially when that float isn't anywhere near what you think it is. Please, for your own financial well-being, read DrLarzo's posts about the actual share structure.
If you remember one of the Star Wars movies, where the EVIL Emperor says to Luke Skywalker, as he's about to pound the life out of him...Only Now....do you understand the power of the dark side... Except I like to think of us as the knights.
For anyone interested in buying Cetek now, there are 500,000 shares bid at .0002 and almost a hundred million offered at .0003. So while I enjoy seeing the stock trade at .0003, I think anyone willing to bid sit at .0002 will get their fill pretty quickly. No need to pay more than you need to and you can buy 50% more shares at .0002 than you can at .0003. that's the game now...share accumulation. Make those .0003 asks come to you.
Now, if you're a speculator with a big position and want to get the stock moving up, then I applaud your ask slap...lol
I'm guessing you will get them today Tmonkey. Small bid at .0002 and plenty of asks at .0003.
Grogger, as far as who's selling them at .0002...it's probably the same fast money crowd that bought them at .0002 and higher, that is now chasing the latest MJ story in another stock. It does appear that we had one large shareholder who was dumping the last several days at .0003 and .0002 in 999,999 share increments. Probably someone who trades thru Scwab with their 999,999 share limitation. Thats an expensive way to dump a big block of shares. Just for the record, I don't have an account with Schwab. lol
We've had a relatively low volume takedown because the last couple days because there are few people slapping the ask and there are nervous nellies out there. IMHO this is an "accumulate and hold until the pop one way or another" play.
And I sure can't understand anyone who believes in the fundamentals here selling at .0002, because with probably a billion shares either bid or ready to be bid at .0001, you're highly unlikely to get your shares back at .0001, so .0002 is the best you're going to be able to buy the shares. I really question the logic of a big dump at .0002. But to each his own.
Not a chance Makinit...a small number of shareholders will own the entire float in Cetek if it stays down here for long, and you are going to get smoked beyond your worst nightmares. To educate you a bit...shares are ownership in a company, and when you have a CEO letting ownership be bought in a very nice asset for practically nothing, then eventually control of that asset will get taken away from him. There is now far too much knowledge about this company out in the public domain Makinit. And now there are plenty of people willing to pony up the court costs, if necessasry, to right this injustice.
This is the age of shareholder activism, and you are eventually going to get hosed.
Yip, I did StockingUp.....anyone with a bidsitter at .0002 got filled. That was a complete flush.
Good afternoon DrLarzo. I am very much in agreement that Hilal has sandbagged us on the share count because of that "as of" date he always attached to the share count.
So, with that piece of information confirmed, what is your best guesstimate on the number of shares we can subtract from the advertised 6.1 billion? And if you don't mind, what price per share are you using to discount the fully diluted shares outstanding?
Brezlin, I enjoyed your post last night, as there are many thinking the way you do. I think that includes most of us long-termers who have taken a look at a number of options in the past. But the knowledge of the company was a bit cloudy at that time, and I think that now we have a much clearer picture of Cetek's undervaluation.
But what I'm most intriqued with right now is the idea of locking up Cetek's float and hopefully to have 50% or more of the float locked in the hands of 15-20 like-minded shareholders who are willing to take it to the courts and if necessary put shareholders on the board. We may already have this situation, but the more the merrier. And if there is an MM problem (wink wink), that will take care of that issue as well.
I think it is safe to say that with the DD that has been done that Cetek is extremely undervalued. If there's anyone who doesn't think this, then Cetek is probably not the stock for you because it may not go up 50 or 100% everyday. And I think rather than making these undervalued share prices the enemy, we should make them our friend by getting as many of the cheapies as possible in very strong hands who are looking for a much bigger reward than normal. To me, it doesn't matter if we do bidsitting or slapping the ask. Bidsitting is the patient approach, but for the faster crowd looking for movement, then ask-slapping is the best chance of getting that.
But for right now until we agree on some kind of sensible "deadline" I recommend extreme courteousness with Hilal becuase he definitely has no regard for short-term speculatos trying to make a quick buck. But a BIG share count does carry some weight with him.
I think that post clearly points out his real agenda here Fglobal. Calling people bagholders who purchased at .0004 when the potential is pennies. I guess he doesn't believe his own comments.
But not to worry about people's agendas on this board. A good strategy here is to read the DD and be confident about what you own, and accumulate as much Cetek stock as a sensible budget allows before the news gets out to the investment world. Seven years of growth and prosperity on sale at pre-2007 prices.... Not going to find many situations like this, and one way or another, we will get our shareholder update.
Yes, definitely a nuclear option, and in the meantime we need to continue to accumulate Cetek shares in stronger and stronger hands on a day when aquatic hemp (HIM^) Lol is the flavor of the day.
Good morning CeTrekkers. Deano, our CEO Hilal has I believe 5 million preferred shares which trump the voting shares we own. HOWEVER, as memory serves, and I will give my legal contact in Nevada a call soon and confirm, if you get the proxies of 15% of the voting shares, then you can take action against the company to get financial information and even elect a board member.
What is starting to fascinate me is that we either have or soon will have 20 or so shareholders who will control 50% of the outstanding shares or even considerably more depending on what the share structure actually is. With 50% in this age of share activism, we may very well be able though the courts to elect our own board of directors if it came down to that.
IMHO, as a CEO, you have to be a fool to let your shares get massively acquired and in the hands of unhappy long-term shareholders at valuations which border on the absurd, simply because you haven't provided information in seven years. No court in the land, especially in this era of shareholder activism, is going to side with a CEO who has kept his shareholders in the dark for seven years and counting. And even in Nevada, there is a requirement in the statutes, although obviously not enforced, that you have to have an annual meeting about every 13 months.
There would definitely be legal costs involved, but insignificant among 20 or more large investors. And now that we are starting to see what Cetek is actually worth, I don't believe the legal costs would be prohibitive at all, given the reward of having this trade at some semblance of its true value.
Good post Walker. I agree it's all about Cetek's FUNDAMENTALS FUNDAMENTALS FUNDAMENTALS. But definitely beware these discussions happen precisely because a couple people here want to make this all about NS, stock can't go up without a PR mantra, and themselves. And all the Great DD and common sense about undervaluation get lost in the shuffle, especially to any potential investors who don't look past the negativity.
I don't know whether you were watching the DEW^ board before it ran from .0004 to over 3 cents in a week, but there was a poster there who posted probably a hundred times a day what a louse the CEO was and how he was diluting the shares, couldn't be trusted, and the stock was way overvalued at anything above .0001. And I'm sure a lot of people missed that move thanks to his effect on the board psychology. Sound familiar to what happens here on the Cetek board? So a word to the wise.
I'm glad to have you along as a comimitted Cetek long, because with many more guys like you, we will soon have a total lockdown of the shares. And then we'll be ready for some fireworks.
Cetek...Oh Ok Zari..I thought it was more along the lines of don't believe Scottrade won't let you buy shares. I hope you don't mind if I pose the question to Chinaworx. Go Cetek.
If anyone understood post 22150, would you please explain what he meant???
Hi FGlobal. Yeah..that ban on Scottrade buys has to have hurt some of the buying here for folks who would have added today on the dip or maybe have bought at .0004. I haven't heard any of the NS apologists explain the logic of that Scottrade move.
Looks like a few nervous nellies today, but I guess that's to be expected on a slow day in the penny stocks.
Actually Fetter, there is a reference to a Hybrid-Tek order from CERN, but that goes all the way back to 1999 before Hybrid-Tek was acquired by Cetek in 2005. Here's the paragraph:
K K Gan (Ohio State)
Work is continuing on the design and fabrication of a prototype optical package. The procedure for depositing Au/Cr traces on the bases has been systematically investigated. We find that a minimum of ~1 micrometer of Au over ~0.1 micrometer of Cr is needed for wire bonding because the surface of macor is uneven at 10 micrometer level. This requires a long deposition time and hence we decided to explore the alternative procedure of screening on the Au. We have placed an order with Hybrid-Tek for depositing 12 micrometer of Au on up to 8 macor rods (9 bases/rod) and expect the delivery in about 3 weeks.
The VCSEL is supposed to be attached to the Au trace on the base using the surface mount technology. Several attachment attempts were not successful. We believe that this is due to the lightweight (0.007 microgram) of the VCSEL, resulting in little physical contact between the Au/Sn layer on the bottom of the VCSEL and the Au trace. A small pressure must be applied on the VCSEL. Two different jigs for applying the pressure were fabricated. One uses two small custom-made needles and the other uses two small custom-made brass chips with the same dimension as the VCSEL. Both techniques failed. We are currently investigating the possibility of tinning the gold traces to even out the surface and provide more contact between the VCSEL and the trace.
http://webcache.googleusercontent.com/search?q=cache:QupBPqg54f8J:www-physics.lbl.gov/~gilg/FY99_Reporting/August/SiliconAug99.doc+&cd=3&hl=en&ct=clnk&gl=us
I don't know anything about this AVR Freaks site but it is listed in a search for ceramic PCBs. And the post is a bit dated from December of 2007, but here's a little more insight to the capabilities that Hybrid-Tek has and it is some favorable customer feedback. It also shows they can customize their ceramic PCBs. And apparently the work Hybrid-Tek does is NOT in everyone's price range. http://www.avrfreaks.net/index.php?name=PNphpBB2&file=printview&t=57209&start=0
AVR Freaks
General Electronics - Sourcing for ceramic pcb
--------------------------------------------------------------------------------
acceleratorEngineer - Dec 07, 2007 - 03:35 PM
Post subject: Sourcing for ceramic pcb
--------------------------------------------------------------------------------
an internet search for ceramic pcb's led me to the AVRfreaks site. I noticed a lot of traffic talking about getting custom pcb's made.
Does anyone know of a manufacturer who will do artwork on ceramic boards? (0.008 inch lines spaced 0.004 inches apart) I'm looking for a fine resolution so silkscreening is out of the questionm maybe lithography or etching instead.
I would need artwork on both sides. This would be a small run of 8 to 10 pieces.
Any help would be appreciated.
--------------------------------------------------------------------------------
ezcomp - Dec 07, 2007 - 07:53 PM
Post subject: RE: Sourcing for ceramic pcb
--------------------------------------------------------------------------------
This might wind up out of your price range, but we use Hybrid Tek and they have been pretty good.