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.
Penny, there's plenty of room between .0002 and a penny for a realistic trading price for Cetek based on what we do know about the company and doesn't discount the apocalypse. My guess is that it will probably continue to be biased towards the lower end of that scale because of the MM manipulation until there's a PR. But definitely don't rule out some massive buying at some point that drives the price to a level more reflective of the potential that is here.
While you've been sleeping, there is suddenly a whole new tone to the penny stock market, and a lot of these trip zero stocks are coming to life in a big way, even if they are total scams. Look at GARB which made it to .0005 today with 50 billion A/S and I think about 25 billion known to be O/S. PMCM ran from .0001 to .0047 with 5 billion O/S in about a week. Granted, they put out marijuana PRs but I'm not sure they even have more than a few employees.
I'm really not agonizing over the stock price very much anymore because once Hilal reinstated Cetek Technologies, it became clear that (1) Hilal has money to burn even without any dilution in over seven years and 2) he hasn't dissolved our investment. Really,(2) was never a concern because Hilal has friends and family involved and that was never going to happen, as his best interests as well as ours, lie in significant stock appreciation. If Cetek gets more buying support and moves up several ticks, I would be ecstatic for both the long-termers and the short-termers. But if an MM wants to drop a few hundred million on the bid, I say bring it on. The stock will continue to be accumulated in stronger and stronger hands because our day is coming here, one way or another.
The link worked fine for me DrLarzo and Cetek is definitely mentioned towards the end of the article.
In the same 2006 time frame, here is one of the last PRs issued by Hilal about the results at Hybrid-Tek.... http://www.marketwired.com/press-release/hybrid-tek-inc-reports-best-year-in-past-twenty-years-699657.htm
SOURCE: Cetek Technologies Inc
November 14, 2006 09:50 ET
Hybrid-Tek, Inc. Reports Best Year in Past Twenty Years
CLARKSBURG, NJ -- (MARKET WIRE) -- November 14, 2006 -- Hybrid-Tek, Inc., a wholly owned subsidiary of Cetek Technologies, Inc. (PINKSHEETS: CTKH), reported today that they are completing their highest sales revenue year in its twenty-plus year history.
Fayiz Hilal, CEO of Cetek Technologies, stated, "The customers of Hybrid-Tek are very satisfied, in that they not only stay with us, as repeat customers, but they often increase their orders. We are proud of the team at Hybrid-Tek and the commitment and dedication they have shown, which is evidenced by this impressive year of revenue and profit growth."
In spite of this year's unprecedented success, Hybrid-Tek, which manufactures thick film microcircuits and precious metal conductor assemblies for industrial, commercial and military applications, expects 2007 to be even better.
"2006 is going to be Hybrid-Tek's best year ever, both top and bottom line. Sales have been growing substantially, especially in sensors. Bids are out for a large number of new jobs, and we are expecting that 2007's revenues could be 20 percent more than what we'll book in 2006," stated Mr. Hilal.
About Hybrid-Tek, Inc.
Hybrid-Tek, Inc. was founded in 1982 to provide "print, fire and trim" capabilities for thick film hybrid microelectronics users. The company's facilities are in a high tech industrial complex located at the Hytek Corporate Center in Clarksburg, New Jersey. Building on our initial services and capabilities, Hybrid-Tek expanded to include additional circuit engineering services along with the necessary facilities and staff for device wire bonding, surface mounting and complete package assembly and test/documentation. Hybrid-Tek's building was designed exclusively for the production of thick film microcircuits and assemblies and offers substantial space for growth. The company's growth over the years is directly related to our commitment to customer satisfaction, the highest level of service and product quality. Shareholder tours are available, subject to advanced scheduling and management availability.
About Cetek Technologies, Inc.
Cetek Technologies, Inc. (PINKSHEETS: CTKH), founded in 1989 by Fayiz Hilal, is focused on the development and manufacturing of ceramics and the associated materials. The Cetek Process allows us to produce and distribute quality ceramic materials at a lower unit production cost. While the world of technology is constantly changing, we have watched the demand for our products grow exponentially.
Cetek has two wholly owned subsidiaries, Hybrid-Tek, Inc. and Belanger Ceramic Grinding, Inc.
About Belanger Ceramic Grinding, Inc.
Having become a wholly owned subsidiary of Cetek Technologies, Inc. last August, Belanger Ceramic was founded in 1962 by Mr. Don Belanger, and specializes in precision polishing and grinding for a wide range of prototype, experimental and full production ceramic product. Over the years, Belanger Ceramic has earned a reputation in superior precision machining of various structural ceramic and composite components, both for private industry and in the public sector, and has won many awards for developing unique systems and procedures.
Company's websites:
www.cetektechnologies.com
www.hybrid-tek.com
www.BelangerIndustrial.com
NOTICE: This release contains forward-looking statements that involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statement.
I agree with your assessment DannyD, as I know Hilal and several employees had a security clearance in 2006 for work with a DOD contractor. I do not know if it was related to Cetek or Hybrid-Tek.
Drew, Yeah, I agree with you on the retail bidwhack, as I think the offending MM got taken to the woodshed, thanks to your FINRA campaign. It must be painful for the MM to watch the stock sitting on tha ask about 95% of the day instead of at the bid. lol
Penny, nice try for the negative spin, but we are far from the cellar with about half a billion bid at .0001 and the .0002s steadily getting in stronger hands. We are witnessing each day another 20-30 million .0002 shares in hands of people who are responding to the DD that's out there and who are not planning on dumping it back in at .0001.
With a stock down here at .0002, theres no doubt a bunch of people who bought in at .0001 when the volume hit were content to sell at .0003 on the initial run when all the .0003s got taken out and now at .0002 as the momentum has stalled. After all, that is a 200% or 100% gain. Think of it this way Penny. CTKH did in two days what it took your stock KND! months to accomplish, although I'm sure not criticizing the KND! move.
The point is profit taking and consolidating is perfectly normal for a stock after a 200% run, even though we were hoping for more. But without any news, it was never going straight to da moon. However, any of us longs who isn't happy to see the current bid and ask, with only about 20 million shares being sold per day at .0002 and knowing full well the company is alive and thriving probably just doesn't get the big picture and the tremendous upside potential that we have.
Then you have to consider the people selling at .0002. Many are probably thinking they can bid sit at .0001 and get their shares back 50% cheaper. But what if that massive bid continues to sit there at .0001 with this being one of the best lotto plays I've ever seen? And what if blockbuster news does come out, then you are going to pay at least 50% more at .0003 to get your shares back...maybe more if you're not paying close attention. And you would probably say, who cares about a hundredth of a cent, but that's like paying $7.50 for your KND! position instead of $5.00. You have to keep your perspective here, and it's all about percentages.
So while I'd rather be trading at .0003 or higher, I think this is an enormous improvement over where we were,especially without official news. And most importantly, there are a lot of existing and new and potential shareholders very excited about the potential here. And if they've been trading in Dew^ and REV() and the marijuana stocks, then they're more than ready to light the powder keg as events unfold and are unveiled.
But for those like you, then I suggest you take your .0002s and hope you get your cellar bid. Good luck with that.
I totally agree Orangeman that his credibility is very low and he certainly didn't do a 500 million share buyback within any kind of reasonable time frame relative to the PR, and probably has not to this day. But he did buy back 90 million shares, and then subsequently diluted shares at a lower price after he bought Belanger. And I will leave it at that, as I don't know what he's done since.
Fetter, if memory serves, I believe it's 10 million in ASSETS which is the crossover point. And I guess you can undervalue assets quite significantly and get away with that requirement for a long time. But boy, that would be exciting if Hilal has reached that point that he has to start reporting based on asset size, as the reason for the reinstatement. Stay tuned....
Orangeman and Fetter, that is correct that there was only one reverse split. At the time Hilal produced the 15c-211 that Fetter is referencing, he was going thru some significant health issues, and that document contains a couple of incorrect items, and the listing of two reverse splits was one of them. I can't believe he didn't correct it, but that is Hilal.
Many of us felt like the revenue numbers reported were also significantly understated, but that's a debate that can never be resolved until Hilal opens the curtain.
Orangeman..go back and read the summary of the 2005 shareholder meeting. I'm not going to look it up for you. Also, give Hilal a call and ask him. Incidentally, that 90 million share buyback would be reflected in the share structure numbers provided in 2006. It is NOT a reduction to those numbers.
As you wil recall in 2006, Hilal bought Belanger for around half a million dollars as a result of the pivotal role Belanger played in the Wilson Turbo heat exchanger project. And at that point he did need additional funds, and he did issue another Reg D...true enough. But I think most of us would agree that Belanger is now an important component of Cetek.
Orangeman, I think you know me well enuf that I'm not just making things up. Why don't we start with SEEK? How about PVEC, which made an enormous run into the pennies but is now back down to near zero. PRPM announced a share reduction a couple years back and had a good run. Look at the huge run in HVYW last year when they reduced shares...from trip zeros to the .004s in a couple days. I could give you fifty examples if I wanted to do a little research.
I'm sure when you think further about this that you will laugh at your question. A share reduction is the opposite of share dilution. What happens when a company floods new shares into the market? The share price tanks...Right? Doesn't it make sense when they retire shares from the market that the stock price rises? That means you suddenly own a larger share of the company. And incidentally, that is a concept which the larger shareholders here may want to keep in mind should we remain dissatisfied with the progress on share price appreciation. In the case of Cetek, if Hilal paid off the convertible debentures instead of issuing shares, then he could announce at any time that he has retired about a billion shares. Read DrLarzo's and Ramspaces's DD.
I suggest that you contact Hilal and ask him if he did purchase approximately 90 million shares in 2005 at approximately .0012. He announced that development at the last shareholder meeting in 2005, and you should go back to the IHUB posts in 2005, because I believe someone who attended put it in their summary of the meeting. Since you seem to have some kind of at least cordial relationship, Hilal might actually answer that question since he made it public previously. Beyond that, you're just going to have to accept that I know this to be a fact. I'm not claiming he retired 500 million shares as he PRed he planned to do years ago..that I definitely do not know. But none of us can say whether he retired a lot more shares than that either. That is part of what remains behind the curtain.
Exactly Okhusband. That's what makes the potential here so large as Hilal is very creative and determined to be involved in as many of these applications as possible.
Ceramics are on the bleeding edge of so many new applications. I was stunned to discover that the surface of my OrGREENic green non-stick fry pan, advertised continuously on TV Informercials is ceramics. It has a lifetime warranty on it, unlike teflon which becomes unusable in fairly short order, depending on how careful you are with it. Ceramics are part of a new wave of consumer applications.
I've even seen ceramic dog shock-collars. Incidentally, I saw the ceramic dog collars while googling for Cetek. I never was able to find a direct link to Cetek, so don't know if they're involved or not.
I went back to some ancient history on Cetek and found this press release from Wilson Turbo from May 15th 2006. As I mentioned in a previous post about a month ago, Cetek produced most of the ceramic materials used in this experiment, which set a world record for successfully testing at 1650 degrees F. (I had previously reported the test tolerated 1400 degrees F.) Cetek invested nearly $100,000 in this project, for which they received some kind of equity interest in Wilson Turbo.
Despite some hefty government grants, I don't believe that Wilson Turbo has had a lot of commercial success with this technology, but I do know that Hilal not only supplied the ceramics but helped engineer the whole thing when the MIT guys couldn't get it done. And this technology was what led Cetek to the ten million dollar Linco contract later in 2006, but as previously discussed, Linco never had the funding. However, I think it is fair to assume that Cetek has continued to both do business in this area with the bleeding edge technology they possess in heat exchangers and advance the technology and applications. GE was and is involved in this technology. A good read....
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
Ramspace, yes I agree that it's important to try to keep both existing and new investors aware of the potential here, although if someone wants to short another 450 million shares at .0001 like last time, I guess I say bring it on. I presume most of my holdings are air shares from the pre Reg Sho era anyway.
But as far as trying to run some shares thru at .0005, I'm not sure what you are saying. Even if you put a market order (not recommended) in for 5 million shares, you will get filled at .0002, so that can't happen. It would probably take a surprise bid of a couple hundred million shares at market to hit .0005. There are about 100 million shares on the ask at .0003 and probably that many more at .0004 before you would hit .0005.
Hey Knm2. Sorry I was late to report for my shift on the pumping crew. I'm trying hard to make up for it.
We could use a few good pumps from you too. And I hope Hilal takes your call.
Thanks for posting this Okhusband. Like several others here, I am beginning to feel Hilal is not as investor-unfriendly as many have argued. I would never condone seven years of silence to shareholders, but given that he and friends and family have investments in Cetek stock that it's in his best interests to get the share price up.
I do believe that naked shorting is one of Hilal's considerations in whatever his plan is to generate shareholder value. I also know firsthand that he is vindictive if you aggravate him. And you have to know he would be most vindictive with those who have stolen money from him, even more than pesky shareholders...lol So this could eventually be an epic stock.
Lol Deano. What is that? A two cent trade? Even in penny land, I think that qualifies as painting the tape.
I'd like to answer that Hillary Clinton question for you Orangeman. A lot. If a company announces they have 25% less shares than they advertised, then the stock price always goes up significantly amidst some great enthusiasm. I've never seen that fail.
Ramspace, I know you have added at .0001 in volume in recent months as have I and will continue to do. Heck I've even added some at .0002 and .0003 just to keep the bidwhackers honest...lol
If this should eventually attract heavy selling in the .0001s, then my goal would be to see these shares end up in the hands of a relatively few large shareholders who have a bit of patience left and deep pockets, and are willing to give Hilal a bit more time to finally lift the veil of secrecy. But, should the secrecy continue indefintely, then I'd like to see those shareholders prepared to exercise their considerable legal rights as large shareholders based on their combined holdings. Based on what we do know at this time, I think many would now feel comfortable paying some proportionate legal fees to exercise our shareholder rights.
I remain optimistic given recent events that won't be necessary, but Hilal needs to know he is playing a dangerous game here letting the stock sit at such an undervaluation. Eventually, someone or group, if not us, is going to significantly affect his control of the company...even with those preferred shares he owns. There is now way too much potential upside reward for someone or some group not to take a legal shot at seeing that undervaluation recognized.
Hi Il Padrino. Well...this could turn into a long explanation but I will try to keep it as concise as possible. When you see a very small volume trade in a stock, usually at the end of the day, which RAISES OR LOWERS the price of the previous and usually larger trade, it is known as "painting the tape". The purpose is to create the impression of a higher or lower price than the last legitimate trade. In listed stocks, it's pretty hard to detect because a 100 share trade happens constantly in most stocks.
Institutions are very prone to do this because if they can paint a trade in the direction of a large position they hold in a stock, then it can make their performance look a few hundredths of a percent or more better than it legitimately was. They are especially prone to do this at the end of the quarter when they get rated on their performance, which is critical to investment fund flows. In the cutthroat investment business every cent counts as far as retaining and attracting investment dollars.
Painting the tape is also often done to make the stock's chart more attractive to the investors who make most of their investing decisions based on stock charting. If the stock is trading near a key support or resistance level such as the 50 or 200 day moving average, then a last trade of the day "paint" job can make a huge difference in investor sentiment about a stock, whether positive or negative.
Then we come to the situation which has occurred with Cetek for over two weeks now...the 100 share bid whack which is made almost immediately following a substantial buy at .0002 or .0003. A number of these bidwhacks have occurred within a tenth of a second after a real trade occurred, which makes it highly likely that a MM is doing this. We individuals cannot detect a trade and enter a 100 share bidwhack in a tenth of a second. It takes about 3 tenths of a second for the human mind to even register that a new trade has occurred. Now, in fairness, on one day when Cetek was heavily bid at .0002 and was trading often at .0003, we did have a competing MM who was "repainting" the tape upward every time the 100 share bidwhack occurred. As you may recall investor sentiment was very high that day, as opposed to when the .0001 bid whacker takes over.
So..the bid whacks are designed to depress investor sentiment and reduce the willingness of new investors to buy at .0002 when they know the next trade will occur immediately and reflect a 50% loss in their investment, and also to hopefully attract some selling at the .0001 bid when an impatient investor decides to throw in the towel and move on. The bid whack is also most deadly as the last trade of the day which is the price used by most investors to assess the stock's performance. The casual observer will not know that 40 million shares traded at .0002 and only 20 0r 30 100 share trades totaling 2 or 3000 shares went thru at .0001. This type of situation occurred with Cetek more than once, and there were a couple occasions when a million or million plus share trade did go thru at .0001, amongst all the 100 share bidwhacks.
And IMO the only explanation for this type of illegal activity is that someone wants the share price back in the cellar. And several of us think that is because there is not only a significant MM short position from the recent large trading volume, which incidentally will have to be covered soon, but quite possibly a huge naked short position grandfathered in from the Reg Sho implementation in the mid 2000s during the days when the MMs were confident Cetek would never rise from the ashes.
Hi Ramspace. In a quick review of the posts since Friday, I think DrLarzo has already addressed this question. Of ocurse, we cannot prove that Hilal repaid the convertible debentures, but based on the share volume numbers since that point in time and the extremely low prices of the stock, I don't think that the shares were ever converted into shares of stock. So I think your analysis is right on and that the 5.2 billion number is probably the maximum number of shares which would be outstanding at this time. And hopefully, Hilal has continued the stock buyback that he commenced in 2005 when he bought back 90 million shares at prices of approximately .0012.
Drew, I think there are several things brewing from the investor perspective in regard to Cetek. First, and foremost is the $46,800 reinstatement from a supposedly broke quad zero company. Not only did it reestablish Cetek Technologies as an alive and kicking company since it can afford to shell out almost 10% of the market cap at .0001 to reinstate, but it brought a lot of new and potential investors here. In almost every reinstatement case, some big news is eventually announced which spikes the stock price.
Now, those new and potential investors are discovering that just beyond a quick flip here that there is an exceptional fundamental story for a company that has been in business for over 20 years and has 40 or more employees. The longs have had a lot of time to investigate and do DD on this, and it's not quite as big a secret as Hilal has attempted to make it.
Toss in the bitcoin rumors and the potential for an aging Hilal to either sell the company or turn the reins over to a more shareholder-friendly and business-oriented manager, and you have a world of potential here.
And what I think almost everyone is overlooking, at least on this board, is that this is not the same penny stock market we've had the last several years. As I watch each day some trip zero stock starts moving up on incredible volume, and runs to .001 or even to pennies in some cases. You see some huge number of shares on the ask and think it will never get through that ask, but a few minutes later it has left you in the dust.
Most of these trip zero stocks stocks are absolute garbage, although some like DEW^ and REV% were just unbelievably undervalued. One stock that broke out of the cellar today ENT! has 14 billion shares and no apparent business. Dew^ has now run from .0004 to over 2 cents today in less than two weeks, but there was great news steadily accompanying it.
So in this suddenly incredibly bullish enny stock market, the potential for a 20 year old enormously undervalued high tech advanced ceramics company with great fundamentals and potentially huge contracts, I like our chances here from a number of perspectives. The relatively short wait from this point in time is going to be more than worth it IMHO. The reward here, if all the factors come together, should be enormous.
Drew88...I feel pretty confident that the absolute absence of 100 share bid whacks in the last couple hours of the trading day means one of two things. Either the basher has seen your campaign to deal with what is considered to be an illegal activity and has tucked his tail, or your campaign has resulted in a call from FINRA to the offender asking the MM to cease and desist.
The reason I'm sure it's an MM doing the bid whacks is because I saw a 100 share bid whack follow a buy this morning in one tenth of a second. That's not possible unless done by one of the MMs executing the trade. Not even Makinit or Penny is that fast...Lol
So thank you Drew for your idea and persistence. And now it's a slightly fairer game for us longs. I nominate you for Poster of the Week.
Fetter, what a great post, and yet another long-term holder who is starting to see the big picture. Beyond bitcoin, squeezing naked shorts or Hilal about to pass control to market-savvy management, and whatever other factors that might spike the stock price, Cetek Technologies is first and foremost a play on fundamentals. Boardmark for you.
While we have been busy bashing Hilal for the lack of news and allowing the MMs to take the stock to zero, Hilal has been quietly building a remarkable high tech company, and very large, by penny pink sheet standards. Not that I would ever condone a CEO treating shareholders this way, I agree that Hilal could care less about "a preacher and his band of small time penny stock lotto players", and all along has been about the business of building a company that he is immensely proud of. But he also is committed to the long-term creation of shareholder wealth, not thru BS and hype, but by a fundamentally sound company with zero debt.
Add Los Alamos nuclear accelerator to your list of projects and I totally agree that months or years from now, this will eventually reach the value it deserves. And it will prove to have been one of the great chances of a lifetime to make a major financial gain by simply researching readily available information on the internet and having a little patience.
The short guys like Makinit are going to find it steadily harder to buy shares at .0001. Yesterday there were no trades at .0001 except for the 100 share bid-whacker. Now that the cat is out of the bag and most know there's a great fundamental story here, the sells at .0001 are going to become increasingly rare and while there's only 550 million shares on the bid at .0001, in truth there are billions of shares which would be bought there, IF Penny gets his flatline wish for the stock...I don't think it's going to happen.
Be careful with posts like this Fetter..Because you have confidence in your conclusions, you will soon be labeled by a certain basher as a "pumper" and a "bully" and "intolerant" because you can clearly see how undervalued Cetek is down here. Lol
Ramspace, thanks for your detailed reply on this important item. Since the O/S is generally the first thing a pink sheet investor wants to know about a company, I suggest we need to put something on the main Ihub Cetek page about the share structure, much along the lines of what you have posted. It should also mention the fact that there have been no RegDs to increase shares since 2006. Thanks.
Hi King George. I'll give you my take on your question FWIW. At first blush, with only 37.5 million shares traded today after a number of multi 100 million share days, today's volume seems like a negative, as most of the time dropping volume means price declines for a pink sheet stock. However, that didn't happen today, and what impressed me most about todays action was the fact that the selling at .0002 dried up significantly. Yesterday, it was around 100 million shares offered at .0002. If the selling had been at the same level as Monday, then at the end of the day, there would have been 70 million shares on the ask at .0002 instead of zero shares.
So my take is that the float is finally in some fairly strong hands of people who are looking for more than .0002. That's not to say that the MMs won't attempt to hold this at .0002, but at some point the air shares have to slow down or stop. That would create a scenario where some nibbling or even big bites get taken out of the .0003 wall and a bid begins to build at .0002, which happened a couple times today.
So I do think even with the lower volume that Cetek has a chance to grind thru the .0003s, probably fairly slowly for awhile, maybe days, but then with increasing speed depending upon such things as the MMs covering the recent shorts or some big buyers showing up from the pot stocks and in particular Dew^, which has run from .0004 to probably over a penny in the morning in several days.
I think the negative case is that the MMs put the hammer down at .0002 and dry up the buying there. But then they have a problem because there's a half billion shares bid at .0001 and probably a whole lot more in the wings from those who sold at .0002 or .0003 hoping to rebuy at .0001. As the last few days have shown, there aren't likely going to be humongous sells at .0001 because a lot of people aren't going to give up the lottery ticket based on what they now know about Cetek's potential. What I'm trying to say is that I do not believe that Cetek will trade at no bid anymore.
Penny, there you go again. Why do you continue to distort what I'm saying?
As I've proven over and over from my DD, as well as the contributions from others on this board, the PRIMARY case for Cetek stock is the fundamental case...that it is supremely undervalued if the revenues are $10 million or more, as reported on multiple credit reporting bureau websites.
I continue to believe, although I cannot prove, that there is a significant naked short position in Cetek, grandfathered in from the Reg Sho implementation. Just as I cannot prove that to be true, you cannot prove that it isn't true. But it sure would help explain the largest 100 share bidwhack campaign I've ever seen in pink sheet land, and I have seen a bunch.
But in the famous words of Saturday Night Live, hear me now and listen to me later. With or without naked shorts, Cetek is extremely undervalued with 10 million in revenues and 45 employees. That's the main reason to buy this stock....not the naked short position. And the second reason to buy/hold Cetek is that Hilal paid $46,800 to reinstate the stock. And the third reason is there may be a lot less shares outstanding than we thought. And the fourth reason is that there are rumors that Cetek's ceramic substrates may have applications in the production of bitcoins as Chrisbooth eloquently explained. Stocks related to bitcoins are the second hottest sector out there behind only the marijuana stocks. Is that enough reasons for you Penny, beyond the potential for an explosive up move generated by naked short covering?
Makinit... Nope 3. I know margin requirements are steep on these. Are you getting a margin call?
Drew, I like your idea about notifying FINRA. This is such a blatant case over an eight day period, it might actually get some attention.
Makinit, not that I can claim I'm looking out for your best interests, I just think you should know that there are some long-termers who have very large positions in Cetek and who are very convinced, due to some relatively recent DD, that Cetek is extremely undervalued.
They are also not happy about the lack of news over the last seven years, although with the recent reinstatement, are content to give Hilal some more time to show he has created significant shareholder value. So a word to the wise, as you can see with the half billion shares bid at .0001, it may not be real easy to pick up .0001 shares and may get considerably harder because there are a lot of existing and potential investors with deep pockets who can see several avenues, including legal, to tap into some of that shareholder wealth that heretofore has been hidden under a bucket. Or if you prefer the Land Of Oz analogy...behind the curtain with Hilal as the wizard.
And one other thing you should consider. If DrLarzo's conclusion from his research is correct, then Cetek may have about 20% fewer shares than you think. And it might be an even more dangerous situation for a short out there if one of Hilal's goals is to even the score with the naked shorters who burned him many years ago. It's your money.
Penny, you mentioned that Makinit was even more negative than you, and here's the thing about that. Makinit, while initally being deceptive about his intentions here, did reveal his position as being short Cetek stock. He was deceptive at first because he pretended to be interested in buying the stock, and then stated that he was moving on because the stock appeared to be dead. (I'm paraphrasing.) But then he revealed his true position. and thats fine because that's what makes a market. He has every right to state his reasons for being negative. So I respect him for that.
And he has not repeatedly tried to scare newbies with the dreaded R/S like you do, even though there hasn't been one in 12 years..a phenomenal record for a trip zero pink sheet stock. He is betting there's too much overhead to clear the .0003 area. And that battle goes on.
Why you get grief is that you claim to have a pretty sizeable long position and on every occasion over the last four or five years, probably longer, every time Cetek has shown signs of life, you have come out with a steady stream of basher talk until the stock has gone back to no bid and then you disappear. Just since I've been posting here, you've left as moderator two times and once as moderator you didn't even post for many months when there was some pretty exciting positive DD going on. It just doesn't pass the smell test, which is why I point out the inconsistency. If you're so concerned about the R/S, then you can get .0002 for the stock, so why don't you take it and put this tortured experience behind you?
Hi Dutch50. Yes..I saw a 500k sell at .0001 early this morning and I believe that was the extent of the .0001 selling today other than about 60 or 70 one hundred share bidwhacks at .0001. This is the longest I have seen the 100 share bid whack tape paints on a trip zero stock, as this has been going on relentlessly for at least eight business days. Appears to be MM manipulation at its most desperate level..
In the words of President Ronald Reagan, there you go again Penny. I have never accused you of being an "uninformed Basher"..I have used the words "naive" and "uninformed" and "basher" and "repetitive", but never "uninformed basher" together. I believe that was End2war who made that inference, and I merely agreed with him.
That said, it does appear to me that you either have not read much of the due diligence that has been provided on this message board or you have chosen to ignore it.
And beyond that, it's apparent that you are not familiar with the details of Reg Sho which allowed existing naked short positions in many pink sheet and OTCBB stocks to be grandfathered in during the mid-2000s, rather than being resolved. The regulators' hope was that these huge naked short situations would be resolved favorably for the large institutions who had made billions of dollars with the naked shorting. That would have occurred when the small companies went bankrupt, so that no short covering would ever be required. You also did not know that you could short stocks trading in the trip zeros, until a very new poster Makinit posted that he made most of his money shorting stocks at that level.
Ramspace, great find. I have posted links previously from several years back where Hilal advertised in the Windpower Magazine or had participated in a solar power project, and will try to look those up tonight. But I never had any idea he had formed a separate subsidiary for it.
I guess for us critical ones we can rack this up as another kept promise by Hilal, that to paraphrase his website quote "he has dedicated himself to involving Cetek in as many profitable industries as possible."
That's one of the things that has really excited me about the advanced ceramics industry. They are continuously finding new applications for the ceramic substrates where they perform much better than the substance they're replacing. I have even seen ceramic "shock collars" for dogs, which are used to train them.
Thanks Bullmarketmanx and welcome aboard the Cetek train. Always nice to have another fellow pumper and kool-aid drinker here. You and I fit that category because we think the stock should be trading above a hundredth of a cent...lol As with many others here, you have plenty of empathy for your 10 year wait. Don't be a stranger.
Hey Penny, what's with all these disparaging comments? Kool-Aid? I don't think so. If I were drinking that, I'd be over on the marijuana boards. The kool-aid is being drunk by those telling us a $10 million dollar company should be trading at a zero market cap.
I guess you saw where Makingit makes his best profits shorting trip zero stocks...and you were absolutely certain trip zeros couldn't be shorted. Always be certain of your facts before being "absolutely certain."
End2war, you best be careful here or you will labeled "intolerant" and a "bully" for having an opposing view. Cetek..to da moon...LOL
Penny, while I wouldn't have used your words "dark Devil", to describe you, that does have a certain ring to it. All I know is that anybody professing with absolute certainty that there are no NSS in a pink sheet stock which we know was heavily naked shorted in the early 2000s is either naive or a front man for the naked shorts. There was one company that I recall where one guy bought up all the shares in the float and the stock was still trading hundreds of millions of air shares. So there's little doubt in my mind that not all of those situations were corrected with Reg Sho, which openly grandfathered many naked short positions so that some major financial institutions didn't go under by being forced to cover.
You will notice that rational thinking people like End2war and Chrisbooth and myself, use the word "suspect" or "suspected" when we talk about naked shorts, because we don't actually have the DTC numbers from the mid-2000s in front of us. Neither do you of course, but you are absolutely CERTAIN. I do recall a conversation with the Cetek transfer agent from a number of years ago, and he told me that Cetek had some of the wildest trading and FTD action he had ever seen. Plus, as I watch the .0001 trade after every buy day after day after day, it's pretty obvious there's an agenda here.
When I couple that with your general disinterest in the stock and critical of people who do some DD to support a positive position, it doesn't quite pass the smell test. Just don't expect a free pass anymore on your negative diatribe.
As far as what makes the stock take off, I've never said it would be the naked shorts. I've argued for years that with what we do know about the company, a fair valuation would be significantly higher. Right now it looks like the suspected naked short positions are holding it back. But if they're here in quantity, then they will certainly add fuel to the fire someday.
End2War, I second your post in every respect. Penny is quite happy every time the volume dries up in Cetek and it goes to no bid. He even resigns as moderator to pursue other stocks, but the minute Cetek gets some buying interest and goes to a .0002 ask he comes back and grabs a moderator role, and then proceeds to attempt to scare anyone thinking about investing in Cetek with a continuous series of posts about R/S. Anyone with an ounce of common sense has to conclude that this is very unusual behavior for a person claiming to hold 34,000,000 shares and then defending his sales at .0001 as "risk management".
Like you, I continue to believe there is a very large grandfathered naked short position in Cetek...hence the constant flow of shares appearing at .0002 each time all the .0002s are bought up. I also recall how a single MM popped 450 million shares on the ask at .0001 last summer after the reinstatement news when Cetek was trading steadily at .0002. It may take some time, or we may be right on the doorstep, but I do believe eventually the naked shorts will capitulate and what a reward this will be, even with a certain poster bashing every step of the way.
Penny, I have to attend to some other activities now, but please refer to the true R/S record as outlined in DrLarzo's Post number 19788 below. And remember this occurred after the huge naked shorting of Cetek stock, which was perfectly legal in 2002, drove the stock price into the ground, and Hilal had no other choice to finance the company. It was also prior to a huge investment by a private investor who saw the enormous potential in the Cetek Process and bought convertible debentures from Hilal. Several of us suspect those debentures have been retired without the presumed stock dilution.
drlarzo62
Friday, 02/07/14 07:19:48 PM
Re: Deano361 post# 19745
Post # of 19788
For the record. There has been one RS in Cetek's history in Dec. 2002. Furthermore "As we have previously stated, we do not anticipate any circumstances that would cause us to undertake a reverse stock split of our common stock." statement by Mr. Hilal on July 4, 2004 Lars
Penny, and your 10 year prediction of a Cetek R/S hasn't worked either. Please refer to the true R/S record as outlined in DrLarzo's Post number 19788 below. And remember this occurred after the huge naked shorting of Cetek stock, which was perfectly legal in 2002, drove the stock price into the ground, and Hilal had no other choice to finance the company. It was also prior to a huge investment by a private investor who saw the enormous potential in the Cetek Process and bought convertible debentures from Hilal. Several of us suspect those debentures have been retired without the presumed stock dilution.
drlarzo62
Friday, 02/07/14 07:19:48 PM
Re: Deano361 post# 19745
Post # of 19788
For the record. There has been one RS in Cetek's history in Dec. 2002. Furthermore "As we have previously stated, we do not anticipate any circumstances that would cause us to undertake a reverse stock split of our common stock." statement by Mr. Hilal on July 4, 2004 Lars