Yeah..with that resume, she reads like a rocket scientist, only she did bitcoins instead.

Oh well...maybe if Hilal is producing the ceramics for the supercomputers to produce bitcoins, they might come after him too...lol

Thanks for that link Deano. Interesting...I wasn't aware of that.

Good post End2war. I couldn't agree more.

You've got to figure that none of the long-termers who have that many shares would suddenly decide after holding all these years that today was the day to unload most, if not all of the position. I mean they've only held thru years of no bid where it was questionable if we even had a company, and suddenly with 450 million shares bid at .0001, when there were only 40 million shares at the .0002 ask with steady accumulation occurring, this is the time to unload 100 million shares? And you have to know that with a little patience you could get $20k rather than $10k. I don't think so.

Now, could it have been a trader who recently bought 100 million shares at .0001 and maybe some at .0002 and decided to cash in his chips for another play? Sure, it could, but I would assume that anyone who decided to buy that many shares in the first place would be a lot more sophisticated than just bid whack a bid that large. Plus, he'd have to double his money in another trade to get back to where he should have been if he had eased them out there at .0002.

I suppose it could have been someone desperate to raise $10k, but this reminds me of last summer when the MMs posted 450 million shares at the .0001 ask, in a similar environment, after they flushed about 100 million on the bid at .0001. And even DannyD doesn't own that many shares, LOL, so this IMHO was almost certainly an MM flush. It's very effective because like Orangeman mentioned, those who got the lucky .0001s immediately posted about 60 million of them for sale at .0002, hoping for a very short-term 100% gain. I would also add that I have a couple of very large orders in at .0001 that did not get executed even though they have been out there for many weeks.

So my suspicion is that the MMs were willing to toss 10k in the dumpster to hopefully trigger panicky sales at .0001 to get the stock price back to no bid....makes you go Hmmmmm.

I would agree that's a telling piece of information DrLarzo...even Compelling. Thanks for your great research.

Deano, congrats on that trade to .80 from sub-penny, but you've aroused my curiosity. I assume that the reason for the CUSIP change was a suspected naked short situation? And I have to assume that 80 cents was a price far higher than the company's fundamentals justified? Can you tell me when this trade occurred? And what was the explanation for the share price rising this high, if not naked shorts?

Please don't tell me that there was actually a huge naked short position. You know that some will find that unbelievable. Don't forget to tell us when it occurred. Thanks.

You got that right Fglobal, and you already have my BM.

We've come a long way in the past year Bullmarketman. The reinstatement is the main thing of course, because it finally put to rest any doubt whether our company Cetek Technologies was even alive. Not only did it acoomplish that, but the huge amount of the payment $46,800, made it clear that Cetek is generating serious cash flow.

We also discovered that approximately 45 employees are employed at the three subsidiaries and that revenues are somewhere in the neighborhood of $10 million annually and that Hilal is currently hiring six employees. Also, DrLarzo's research has introduced the possibility that Cetek's share structure is significantly less than we have believed for all these years. In addition, DannyD made a trip to the Hybrid-Tek facility, where he observed and was highly impressed by the high-tech operation with a very professional staff, and working on defense contracts. DannyD is a very successful independent businessman who knows what it takes to run a business, and his report was very encouraguing to me, since I know he knows what he's talking about.

We also have assembled a group of large shareholders who are now in contact, and who are ready to take a much more activist shareholder position, if necessary, to see that our long wait in this company is properly rewarded. And we have some new large shareholders on board who are aware of the potential here, and are likely IMHO to stay the course until we get the information we are entiled to as shareholders.

So it's an exciting time with the steady daily stock accumulation going on and the potential of the stock popping to a higher level more reflective of the fundamentals of which we are aware.

Orangeman, you're off on this NSS tangent again, and just to be clear, I'm NOT claiming, nor is anyone else that I've read on this board claiming that Cetek's stock went to zero, strictly because of NSS. But if you don't understand that one of the goals of NSS, which was so prevalent in the pinkies before Reg SHO was implemented in 2008, was to create massive dilution and further tank the stock, then I'd better clarify that for you.

Most of these companies on the pinks are in dire financial shape and cannot borrow funds. They don't generate positive cash flow and constantly need funds to run whatever business they have. So their only source of funds is to issue shares of stock. And the lower the share price, the less funds they receive for each share. Now, what does naked shorting do to the share price? I'm sure you'd agree it reduces the share price by creating artificial supply. So the effect of naked shorting is that it does cause the company to issue a lot more shares than it otherwise would to raise X dollars. And guess what? Whenever shareholders find a massive number of new shares have been issued because the shsre price is so low, then they dump their shares and in turn drive the price lower. So massive dilution would be one of the direct effects of heavy naked shorting in a stock, if the company needs outside funding.

So reread your post and I think you will see the conclusion you reached does NOT exclude the possibility that NSS was involved in the dilution. And no one can say if any naked shorts were grandfathered in for Cetek when Reg SHO was implemented in 2008.

Furthermore, much of Cetek's dilution was tied to the purchase of Hybrid-Tek for over $900k and Belanger for approximately $500k, and I think everyone would agree these have proven to be worth their cost. And finally, please pay close attention to DrLarzo's research on the last three Reg Ds which seem to indicate that they were convertible loans, and may not have resulted in stock issuance. In other words, the 6.1 billion shares may reflect the conversion of all debt into stock at very depressed prices, and that may never have occurred, meaning there would be maybe a couple billion shares less outstanding than we have thought for all these years. That alone, if true, would make me feel a whole lot better about Mr Hilal.

Orange, you are obviously very concerned about your investment here. For your mental health, I strongly recommend you sell and move on to an investment where you feel more comfortable.

Orange...I think there were legal naked shorts pre-Reg Sho. You are free to think whatever you want. Don't waste your time with the post Reg Sho rules, as I'm not saying it's still going on.

It's all about FUNDAMNTALS here Orange...If there are naked shorts, they will eventually get their heads handed to them. Market cap is a million bucks here, and the company has three subsidiaries or more and 10 million in revenues and some potentially lucrative contracts in new technologies. That's what we're buying...not the naked short story which no one knows for sure.

I tend to believe just that Bullmarketman. I strongly urge you to go back in time and review the posts of a couple of our long-term members. Look at the comments early in a rally...highly optimistic, setting high expectations for many...then turming into full fledged bashers when the volume slows. And while the posts aren't really very clever at all, their subtle hints are very effective, especially when you have a bunch of long-term holders who aren't at all pleased with Hilal.

And these guys aren't satisfied until they see the stock at no bid and everyone is calling Hilal ethnic names. If the stock price didn't already discount about three reverse splits and the apocalypse, then I would have no problem with the negativity, but when we're sitting pretty much at zero, even after Hilal ponied up $46,800 to reinstate the company, and these same posters claim to have rather large positions, then you have to scratch your head. My logical mind keeps saying...DOES NOT COMPUTE...DOES NOT COMPUTE.

I ask you Bullmarketman..if you really felt that way about Hilal, that his life work was dedicated to screwing the shareholders, wouldn't you just take the tax loss at .0002 now and move on? I'm pretty certain I would. On 34 million shares, that's $6800 and in my mind, that's a whole lot better than zero.

These persistent negative posts don't pass the smell test with me...never have and never will. I totally emphasize with the bagholders here, of which I am one, but having come from a period of time when we weren't sure we even had a company to where we are now with the reinstatement and the DD uncovering the revenues and the Cetek website update on Hybrid-Tek, I can't see how any long-termer isn't experiencing some serious optimism about recouping their investment. After all, many had written it off years ago.

So I totally agree with you Bullmarketman. It's clear there are ulterior motives here.

Penny, I see you're getting a little desperate after the Rip van Winkle approach didn't work. No one is saying the stock should go up strictly because of the naked shorts. That will just add fuel to the fire, assuming there are pre Reg SHO naked shorts.

I can see your effort so clearly to divert attention away from the tremendous fundamental story that Cetek has into the black hole of naked shorting. It won't work Penny...the naked shorts are very much secondary to the real story here...It's FUNDAMENTALS FUNDAMENTALS FUNDAMENTALS. Cetek has about 10 million in revenues and a million dollar market cap. In finance, we refer to that as UNDERVALUATION.

That's the problem you bashers have...FUNDAMENTALS are going to overwhelm you guys eventually. Trying to enforce that TIRED SLEEPY propaganda here that Hilal is evil and never going to reward the shareholders, and is diluting at .0001, isn't going to work this time. You need a new line of propaganda. And one way or another, whatever it takes to get some shareholder updates, it's going to happen.

Orangeman, I know you aren't in the best of health, so there's no sense getting all hot about the naked shorting situation. I personally do not know if there is a major naked short here from the pre-Reg Sho days, but my suspicion is that there is, based on the fact that CTKH remains at unbelievably low valuations based on what we do know about the company. Just as I can't prove there is, you can't prove there isn't. and I will never get in a game with you to try to prove the impossible.

I stand by my statement that if anyone thinks the MMs and the regulatory agencies play precisely by the rules that exist, they need a reality check.

As far as your inference that Hilal suddenly after 7 years of prosperity and no Reg Ds, and while he's hiring six people suddenly needs to dilute at .0001, that is absurd. If he were going to dilute, I assure you he would promote the company first so he actually got some money for the shares.

Hey Fglobal. Go CTKH. It looks like Rip Van Winkle didn't stay in hibernation very long and just as i predicted, notice which side he came down on. LOL

I couldn't agree more Bullmarketman. Anyone who thinks the MMs are playing by the rules with these penny stocks needs a reality check. How about the rule that MMs must display the real share count for each bid and ask? Has anyone ever watched a penny stock or for that matter a listed stock, where the shares bid and asked were even close to accurate? I will admit that it's better than it used to be, but there are several MMs who never display their correct inventory of shares on the books.

As far as naked shorting, I assume for the most part that Reg SHO has addressed this issue with new naked shorts since 2008. What Reg Sho did NOT address was the naked shorting before 2008. There were instances then when there were more shares short in companies than actually existed. I remember reading about one guy who bought up all the shares in a company to prove his point and watched in amazement as hundreds of millions of shares continued to exchange hands. He took his case to the SEC.

The naked shorts before 2008 were grandfathered in for many companies. And for the most part, it didn't matter as most of those companies went belly-up. In some instances it was caused by the naked shorting, which became a self-fulfilling prophecy for many penny stocks of that era. So Reg Sho was passed in response to this abuse. But anyone who says there is perfect accountability with regard to naked shorting before Reg Sho is simply wrong. I really don't think anyone or government authority has a complete record of the abuses from that era. Those records were probably shredded, and bankruptcies took care of most of the rest.

Then you have Cetek which Hilal claimed was heavily naked shorted back then. No one can say for sure, but it certainly is strange to see stocks with 12 million shares O/S and no viable business trading at much higher levels than Cetek which has an abundance of readily available data on the internet, not to mention a website loaded with information about its role in the advanced ceramics industry.

Ramspace, nice post on Cetek's science. You might want to add the heat exchanger project with Wilson Turbo to the list since Hilal was involved in the engineering and supplied the ceramics as well as a $100k investment in Wilson. Here's the text to the Heat Exchanger project with Wilson Turbo. I don't have the link, but it may still be available on Wilson Turbo's web page.

Press Release Source: Wilson TurboPower

Wilson TurboPower's David Gordon Wilson Presents Seminal Scientific Paper at International Turbine Congress
Monday May 15, 11:59 am ET
Peer-Reviewed Paper Outlines the Theory and Design of Wilson TurboPower's New Revolutionary Heat Exchanger


WOBURN, Mass.--(BUSINESS WIRE)--May 15, 2006--Wilson TurboPower (WTPI) announced today that its technology inventor and founder Dr. David Gordon Wilson presented a seminal scientific paper this week in Barcelona, Spain at the 51st Annual ASME Turbo Expo. The paper was co-written by Jon Ballou, WTPI's Senior Design Engineer.
The Expo is the flagship event of the International Gas Turbine Institute, which organizes the world's largest technical meetings and exhibitions exclusively for the exchange of gas turbine technology. The event is organized under the auspices of the American Society of Mechanical Engineers (ASME).

The paper is called "Design and Performance of a High-Temperature Regenerator Having Very High Effectiveness, Low Leakage and Negligible Seal Wear." It is available for download at www.WilsonTurboPower.com/regenerator. It has been designated the ASME paper number GT 2006-90095.

WTPI announced earlier this year that it had achieved a breakthrough in industrial heat exchangers that the industry has been trying to accomplish since 1940. This paper describes both the theory and the design of the device, called a "regenerator". Using MIT-patented technology, licensed exclusively to WTPI, it demonstrated operating temperatures above the ranges at which metal heat exchangers typically perform, in excess of 1650(degree)F (900(degree)C). With further development, it is expected to operate at even higher temperatures.

The ceramic rotary regenerator, being commercialized by WTPI under the name Cerotex(TM), also is very compact. It transfers heat from one gas to another at exceptionally high efficiencies, of "effectiveness," in excess of 98%. To achieve this same level of efficiency, metal heat exchangers typically must be substantially larger.

Cerotex(TM) will enable a variety of processes to operate at higher efficiencies using a much smaller heat exchanger, thereby generating additional energy and cost savings. Applications include fuel cells, metal refining, biomass drying, power generation, and food and pharmaceutical processing. The regenerator can also be used in cold applications such as air-cycle cooling and refrigeration.

Dr. Wilson is WTPI's president and chief scientist and is considered an international authority on both heat exchanger design and small turbine design. He is professor emeritus in mechanical engineering, Massachusetts Institute of Technology and has written three technical books and 12 papers in the heat exchanger and turbine fields. He invented WTPI's technology while at MIT. He has held various positions in industry and has been recognized with numerous awards and honors.

Jon Ballou has had more than 20 years experience in the semi-conductor industry working in R&D, continuing engineering, production, and product development. Mr. Ballou has split his career working with large companies to small R&D houses that quickly bring new ideas to market.

Wilson TurboPower

Based on research at MIT, Wilson TurboPower is developing two super-efficiency products. The first is its high-temperature, super-efficient ceramic heat exchanger called Cerotex(TM). The second is its super-efficient ceramic microturbine for distributed power generation and military and transportation propulsion systems. This engine optimizes the benefits of Cerotex(TM) and has the potential to revolutionize the energy industry by offering least cost and lowest emissions electricity by achieving 50% electrical efficiency.



Contact:
Wilson TurboPower
Bruce Anderson, CEO, 617-290-9913
BruceA@WilsonTurboPower.com
www.WilsonTurboPower.com

Yeah Fglobal..you know how it goes..yawns are contagious and suddenly everyone's asleep. I think we may have a Rip van Winkle on the Cetek board. Maybe that's what's been holding us back.

It's certainly hard to take issue with that thought Bullmarketman.

A sale would be the best of all possible worlds for shareholders, because the sale price would not only reflect the revenues and profits and any big contracts Cetek has, but would also bring the propretary Cetek Process and any other patents/proprietary processes into the share price, and those may be worth far more than the company itself. Just think if someone like 3M, which recently bought out the advanced ceramics firm Ceradyne at a big premium to the stock price at the time, were to put its professional sales force and economies of scale into the Cetek Process. Then you'd really have something exciting.

I've always thought of Cetek's potential valuation in terms of revenues, or in the neighborhood of a half cent, depending upon if Hilal has retired shares. But when you consider Cetek's valuation in terms of the revenues AND the proprietary Cetek Prcoess, then you are talking a much higher valuation.

And since Hilal's not a spring chicken anymore, that's a definite possibility. I've always been curious about the relationship between Cetek and Corning. Cetek produced a Macor circuit used in the Los Alamos atomic accelerator Lansce Harp project a few years ago. And MACOR is a trademarked name of Corning Glass Works. Its a fairly new product, which means Cetek was one of the first to use it or possibly they helped to develop it. that's another exciting possibility as there would be a lot of royalties involved in that, but this is defintiely speculation on my part. There is a Macor cicuit displayed in the Belanger gallery on Cetek's website.

Yeah, good point End2war..you know there were actually some huge buys in CTKH on Friday when all those stories about Russia invading the Ukraine were hitting the wires and the Dow stocks were tanking 170 points...Just another good reason to load your portfolio with this...tee hee

Please Ramspace. let the tired boy sleep. He's just trying to reinforce that negative hopeless mentality that has permeated the board for years because people were clueless about what was going on at Cetek and too lazy to do some serious DD. Those days are over. Anyone with even a thimble of financial background knows that a 22 year old company with 45 employess and probably ten million in revenues is seriously undervalued at a market cap around a million dollars.

Not to mention the possibility that Cetek may have a major contract in the works, or that Hilal may be ready to sell his business and proprietary processes, or that he just PRs his annual revenues and profits and possibly significantly reduced share structure... I'm with you...we might have to wait a while longer for the really big news from Hilal, but it's pure excitement now each day since the reinstatement knowing that our long frustrating wait could end in the play of a lifetime from these zero levels. And in the meantime, the stock could start trading at a level which reflects what we do know about the company, as the stock gains more and more attention.

Thanks for your sympathy Fglobal. We long-termers deserve it.

However, as I said last night, Cetek was a .001 stock back in late 2006 when the silence started and there has been no dilution since then. So throw in seven years of unreported nice steady growth, conbined with the drop in the stock price to zero because of the silence, and you have what I consider to be one of the great undervaluation opportunities I have ever seen.

Deano..that 50 million appeared to be an MM share exchange because not a thing changed on the Level II bid. The bid size even increased shortly thereafter.

Some nice buys today...a 7.5 million block and a 5 milllion and a 4 milllion block that I saw. It looks to me like many of the MJ stocks are starting to cool off and consolidate and hopefully attention is moving to some quality stories like we have here. At any rate, the Cetek story is finally getting a wide airing and I'm thinking this MM manipulation will ease before too much longer.

Deano..that 50 million appeared to be an MM share exchange because not a thing changed on the Level II bid. The bid size even increased shortly thereafter.

Some nice buys today...a 7.5 million block and a 5 milllion and a 4 milllion block that I saw. It looks to me like many of the MJ stocks are starting to cool off and consolidate and hopefully attention is moving to some quality stories like we have here. At any rate, the Cetek story is finally getting a wide airing and I'm thinking this MM manipulation will ease before too much longer.

I appreciate your perspective Ramspace. And I do remember your post where you sent him the photo card of the Himalayan scenery. That seems to have worked better than the restaurant gift card that Releasemas sent to him..lol

Well...despite all my criticism of Hiial's financial management, I talked with him enough before I dropped the diplomacy to know that the almighty buck is king with him. And he does understand that getting the stock price up is where the big money is to be made for everyone involved. I've just never understood or accepted why it has to be done in one fell swoop rather than releasing news as the situation warranted and allowing the stock to trade at whatever price it settled with the news and with decent liquidity for shareholders to move in and out.

For all practical purposes, since 2007 with his silence, we shareholders might as well have purchased restricted stock that could not be sold. The one good thing in all of this, if you believe as you and I do, that Hilal has succeeded far beyond what most think, is you have an incredible opportunity to purchase the stock for nothing and take advantage of the 7 years of revenue and profit growth which was never reported to the investment community. And back in late 2006 Cetek was trading at .001, all of which was lost because of Hilal's silence.

Ramspace, yes, that is a pleasant thought to have Cetek under professional business management. Although I do have to feel with his two recent managerial hires paying up to $150k in annual salary, that he's already got some of that talent on staff.

I do recall a comment late last fall from an unnamed source, with whom I pleaded the shareholder's long ordeal, that "things were changing".

Good morning Ramspace. It's definitely hard to get much accumulation done at .0001 with that steady 450 to 500 million bid at the moment.

I saw your posts about your last communication with Hilal. What's your assessment of things? Did you interpret his shortness with you as 1) maybe you made one call too many or 2) he has things in the works and doesn't want to spill any closely guarded secrets? Feel free to add a third possibility.

StockingUp, not to worry, as Hilal is alive and kicking and in full control, or we'd have a much higher stock price.

I think your wife has this situation pegged pretty well as far as Hilal's genius and lack of common sense. How in the world anyone would go silent for seven years in violation of his fiduciary responsibilities and have so many people aggravated at him just boggles my mind.

However, he does have some good business instincts for purchasing companies and equipment at very good prices. He has no debt, which looks great on the balance sheet, but which created a lot of unnecessary dilution. And perhaps most importantly, he has a work ethic from the 19th century when you had to work 60-70 hours a week or not have a job. So it's a mixed bag for sure with Hilal, but he does have scientific genius and even growing at a much slower rate than he would with professional management, IMHO this is an incredible risk/reward situation.

Well put End2war. Thru the foggy quagmire of Hilal's smoke-filled factory and with the help of my night-vision goggles, I can barely make out some letters just inside the iron curtain............ A C C U M U L A T E

Lol BigMo, but what we really need is an activist investor. You think Carl Icahn would take our case? I personally don't think he could find a more undervalued asset in corporate America. A couple hundred K would really launch this.

I like your historical perspective Fetter, and how much has passed Hilal by. As a result, while many people are focused on the old caddy in the parking lot at Cetek, they are clueless to the magic going on in those 3,000 degree F furnaces behind the walls of that somewhat dilapidated building.

Poor old Hilal though....for all his scientific prowess, he remains bottled up in that ancient autocratic hands-on "I'm in control of everything" mentality that so diminishes his scientific achievements. The bottom line is he would rather do anything than write a simple press release, preferring to have shareholders wasting his and his employees' time calling to find out what's happening. rather than issuing a periodic 15 minute update to shareholders. Really sad to see someone with so much genius totally devoid of any common sense....

Nice buy Aapego06. Ramspace and I just just got 100 share bidwhacks.

Hi End2war. I guess we need someone to say to Hilal "TEAR DOWN THIS WALL"...lol

However, Hilal did give us a peek behind the curtain with the $46,800 reinstatement last year. And several of us have opened the curtain enough to let everyone know they probably should be accumulating for the fireworks ahead.

With the reinstatement, I no longer worry about the share price, knowing that the float is settling in stronger hands and much of that in the hands of a relatively few large shareholders, and I am prepared to welcome MrNiceguy into that class. The float will continue to lock up at these levels, especially if someone wants to throw a bunch of .0001s on the fire. Eventually, there are going to be some very powerful shareholders who will assert any number of options that will become available to them, should Hilal continue to neglect his fiduciary responsibility to shareholders. IMHO, the name of the game is patience and steady accumulation for what I expect to be a huge reward.

For anyone like me, who managed to get a 100 share bidwhack fill totaling a penny, just call your broker and they will refund the commission fee. Those 100 share bidwhacks may also be designed to discourage bid support from people entering an order at the bid and encountering a $7-$10 commission for a 100 share fill day after day. But have no fear, as they will refund it.

Nice research Ramspace and Fetter. Every little tidbit contributes to finding out more about what's behind the curtain and what the big picture is.

MrNiceguy, after seven years of what appears to be very productive silence, I'm willing to concede that there could be some blockbuster news that drives the stock price a lot higher than we might expect, including news of a lot less shares outstanding than we think. But let's think about a half cent or penny first, a price supported by the fundamentals that we have found in our DD, until we get a further peek behind the curtain.

I do agree with you that the "weirdness" of this company trading at .0002 with what we do know suggests that an explosive price move could happen at any time.

Thanks for correcting my lowball estimate Ramsspace. These things don't show up on the internet searches right away, so I suppose there could be some new ones, but six job openings is plenty for me.

"I have always believed that the probable reason he stopped reporting was because he had nothing of significance to report."

End2war, I thought some about your comment above, and I believe the only difference in the way you and I think about this is perspective. Since I'm, no doubt, one of the more "optimistic posters" to whom you're referring, here's the thing.

I'll be the first to admit that back in the mid-2000s, with Hilal's propietary Cetek Process, and dreams of Motorola CNTs and Wilson turbo heat exchangers swirling in everybody's minds that expectations were unrealistically high. Many in the flock had expectations of holding a few million shares of Cetek for a few years and retiring. And no doubt Hilal fostered these expectations in his need to raise funding for his acquisitions and research. But I also think that Hilal believed totally in his company, because he has tremendous confidence in his ceramic engineering skills and his total dedication to his work. His statements to shareholders reflected this confidence and optimism, and his credibility was forever tainted, even though I personally believe he believed what he was projecting.

Hilal clearly did not manage expectations well, especially the time it would take to develop the company. You can clearly see that in the vitriol we recently witnessed from Geoly and Roundmott. But I also recall that Hilal on many occasions told the flock that Cetek was not a short-term investment but a longer-term investment. And you and I both know that for most penny stock investors that the long-term is about two weeks...lol

Even the more realistic ones were thinking a couple years, not a decade for him to reach the point where the shareholders would be rewarded. I'm sure that Cetek's limited progress towards the lofty goals he and the shareholders envisioned is as much a disappointment to him as it is to us, and I agree could reflect why he has been silent. The Cetek Process, to the best of my ceramics engineering knowledge is a scientific wonder, and should have led to much better results for the company and the shareholders a lot more quickly than Hilal's feeble financial management, marketing, and CEO skills could allow.

So count me as one of the disappointed shareholders as well. However, that does NOT mean that Cetek is a worthless company that will never shine. Even if revenues were ONLY several million dollars, the market cap should be many times higher than 1.2 million. And it's pretty apparent revenues are much higher than that. Compared to 99.9% of pink sheet stocks, Cetek is a shining star, as most are just pipe deams or scams who change their business every couple years, and whose every press release is for the purpose of diluting the stock. Currently, most of these are switching to the marijuana business...lol

So I call the Cetek business for what it is. It isn't a 100 million dollar NYSE company, but neither is it a penny stock scam or worthless entity. Instead, it's (1) a small company (very large though by pink sheet standards), which seems to be growing at a nice rate of about 15-20% per year since the mid-2000s, but nowhere near what it could be growing with professional management and marketing and supportive shareholders. (Can you imagine the amount of business Hilal has lost over the years because most companies are unaware that Cetek even exists and many of the ones that are aware of Cetek look at his stock price and won't even consider doing business with him?)

2) Cetek is a very creative and versatile business because of Hilal's engineering brilliance, which still has the potential, as witnessed by the Wilson Turbo heat exchanger and Lansce Harp Los Alamos projects to land a huge bleeding edge tech contract that will finally reward the long-suffering shareholders in a big way. As some have speculated, this may already have happened with bitcoins or a defense contract thru the Hybrid-Tek subsidiary.

And 3) Cetek has the potential to reward shareholders in a huge way just with a press release announcing the revenues, income, and share structure. This is possible because until the reinstatement, most believed Cetek was dead and as I've stated many times the stock price currently discounts the apocalypse. Throw in a little corporate financial management 301, which hopefully we will get with the recent managerial new hires, and even without bitcoins or a large contract, Cetek could be trading 20 or 25 times where it is now.

So End2war, again, I agree that Cetek has not lived up to the wild expectations from years ago that many had. If it had, then we would be exchange listed and trading over $5. Is Hilal disappointed in where he is relative to what he expected? More than likely and the same for the shareholders, because we were led to expect a lot more a lot sooner.

But let's be real. Cetek isn't worthless. Its at least a modestly successful 22 year old company with about 45 employess and around $10 million in sales and no debt. And the way I view it, that's a great opportunity to take advantage of a stock price that has been beaten down to nothing because expectations were way too high years ago, and the brilliant scientist CEO had no financial management and limited CEO skills. Currently, the stock price reflects the opposite extreme...blood in the streets.

Cetek currently has four job positions it is actively attempting to hire. For most trip zero pink sheet stocks, that alone would cause a big run in the stock price.

Outstanding legal analysis End2war. If you will allow me to paraphrase in layman's terms, if you want to play in the big leagues, then you have to show up with the right equipment.

Hey Mrniceguy. I had a chance to watch the trading carefully today, and our MM manipulation was back with a vengeance. I have watched a number of these trip zero runs from .0001 in the last couple of weeks, and not once have I seen two five million share blocks dropped at .0001 when the stock had cleared the ask at .0002 and was trading at .0003, especially not with 500 million shares bid at .0001.

Those types of trades imply that someone is desperate to get out of the stock at .0001 when they could clearly get .0002. Not even the rawest newbie is that stupid. When the volume is growing and the ask gets taken out, traders always wait to see if the bid builds at .0002 instead of rushing to sell at .0001. With 500 million shares bid at .0001, there's just flat out no rational for rushing to sell at .0001 when you can get .0002 for sure and may have a shot at .0003s, since the stock has started trading there. Plus we have the 100 share bidwhacker back with a vengeance as well.

We cleared the .0002s on three occasions today with a few trades at .0003 each time, and the same pattern repeated, with at least 500k share blocks being dumped at .0001. And it was MMs again, because the 100 share bidwhack was happening within seconds most of the time.

The MM manipulation is very effective. Once those big blocks hit at .0001, then the bid goes up at .0001 and the bid sitting begins instead of ask slapping. But nice accumulation going on day after day...these guys are digging a bigger hole. But make no mistake, that is some of the fishiest manipulation I've ever seen, and some of us know why.

Hi DannyD. In answer to your question about the Nevada business license fee, I recalled that I had looked that up three years ago. It was $5600 then for one year.

The reason Hilal had to pay $46,800 was that he had to pay all the six annual fees he had missed since 2007, and then there are penalties on top of that.

The annual fee in Nevada is based on the number of authorized shares and the par value, as explained in my post from 2011. The link no longer works but you can access the fee schedule on the home page of the Nevada SOS website.


WhatsCookin

Wednesday, 01/26/11 07:56:50 PM

Re: None

Post # of 20377


I had another conversation with the Nevada Secretary of State's office in regard to Cetek Technologies' charter revocation in the spring of 2008. I asked if Cetek Technologies could possibly be operating with a business license from another state. The answer was "not for this entity". It would have to have a business license from Nevada.

I also had high hopes about determining something about Cetek's assets or revenues based on the $5600 fee that Nevada charges Cetek each year for its incorporation. However, I found out that the fee is based on authorised shares (10.005 billion) multiplied by the par value of the shares or .001. Then the fee amount is determined according to the following schedule: http://nvsos.gov/Modules/ShowDocument.aspx?documentid=70

So by having an extra almost 4 billion authorized shares more than outstanding shares, Hilal is wasting approximately $1925 per year or (7 X $275).