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Good to hear from you too Il Padrino. That's a good question if this can hit a penny. Based on what I think we do know for sure, then I think it can eventually hit half a penny. But I see two scenarios where it goes to a penny. The first is when Hilal divulges the full Cetek story and we find out there's a lot more to this story than we've discovered with our due diligence. Heck, he may have several subsidiaries we don't even know about. He could be bigger in China than in America.
The second possible scenario is that if there are as many naked shorts in this stock that were grandfathered in before Reg Sho, as many of us long termers suspect, then CTKH could really blow. The way the stock is trading the last couple days with the constant 100 share downticks after every buy and the big sells at .0002 followed by huge bids reentering at .0002 is clearly MMs wanting shares. I will never forget how the MMs squahed the rally back last summer following Cetek's reinstatement, with a 450 million single share offer at .0001 when the stock was regularly trading at .0002 and had a very healthy bid at .0001. And we all know DannyD and a couple of others with a lot of shares didn't do that. Lol
Imho anyone dumping into the manufactured sells at .0002 is going to be real disappointed before too much longer. Too much interest coming into this and even with a large share structure, no sub penny stock that I know of has anything approaching these revenues and cash flow. No dilution in seven plus years and no debt.
No Chrisbooth..the revenues have not been filed by Cetek. That's the problem and why it is trading so low. These revenue numbers come from sources like the NY state database and a number of credit reporting companies like Manta, Hoovers, and several others. You have t assume their estimates are close because that's their business to report on the credit worthiness of companies so other parties such as costomers and suppliers can decide whether they want to have a relationship with them.
Cetek has zero debt because the CEO doesn't do debt financing. that's one of the reason we ended up with a larger float than we should have. Between the three subsidiaries, there are about 40 employees....16 are at the Hybrid-tek plant in new Jersey which has sales in excess of $2.5 million by itself. At least two of Cetek's employees were hired in late 2012 and early 2013 and are executives making up to $150,000 a year. There are also research scientists and ceramics engineers who are highly paid as well.
Gail, us long-termers certainly are hoping so. But regardless of whether it's an absolute explosive upward move or whether it's a slow grind-it out multi-month price rise, I have to feel there's an awful lot to like here with a company that has a $1.2 million market cap and at least $10 million in revenues in a high-tech expanding industry.
Il Padrino, I thought you knew the story here. Cetek hasn't been dormant at all. Cetek has grown its revenues from around $2 million, according to the 15c-211 filing in 2006, to around $10 million currently.
Now the stock price has been dormant, but that's only because the CEO has kept totally mum for seven years except for answering a few shareholders phone calls, let the business registration in Nevada expire for a long period, and had most shareholders convinced the company was dead. He succeeded in getting the shareholders to leave him alone, but once he ponied up $46,825 to reinstate the company last year, the cat is now out of the bag.
Welcome aboard Gail. I agree with your comment. A lotto is a wing and a prayer. From all the due diligence available, Cetek has solid fundamentals that would support a much higher stock price without any luck...just needs some new investors and a PR of the $10 million in revenues.
King George, I wasn't aware that Hilal had created a separate company for his overseas operations. However, I have run across and posted the links to many Chinese, Indian and Korean websites where Cetek Technologies has a presence and links to their website.
Skitahoe, our thoughts and prayers are with you. I hope we can deliver you a nice Cetek share price appreciation to help speed your recovery along. All the best to you...
Cheeky, I especially encourage everyone to take the virtual tour of the Hybrid-Tek subsidiary available on the Cetek website at http://www.hybrid-tek.com/tour.html. It's about 5 minutes in length and gives an excellent overview of what one third of the Cetek story is about.
This website was updated in early 2013 and note that there is mention of the major expansion of the production capability that recently took place. Hybrid-Tek recently added four new employees as well.
Cheeky, having watched and participated in the big SEE* run, I have been thinking the same thing about Cetek. While Cetek has more than double the shares of that one, the revenues at See* were only a couple hundred thousand dollars for 2013, but expected to more than double in 2014. And it just recently uplisted to OTCQB.
While there are no plans that we know of for Cetek to uplist, Cetek already has approximately 20 times the sales of See*'s projected 2014 revenues, 4 times as many employees and is undoubtedly IMHO many times more profitable than the $10,000 profit that See* reported in 2013. The one big unfavorable comparison between the companies is that SEE* has an extremely shareholder friendly CEO who is doing his best to promote the company and increase the share price. I do feel this is more than counter-balanced by the likelihood that Cetek's cash flow would allow a huge share buyback anytime Hilal chose to do so.
Just to be sure everyone is clear that the 40 employees and $10+ million revenue estimates for Cetek Technologies Inc have legitimacy, here are some supporting links:
http://www.manta.com/c/mmy4q21/cetek
http://www.inbusiness.com/Company/Cetek_Inc_EBDD
http://ny.mingluji.com/business_directory/Cetek
The third link is from a New York database that does not include the 16 employees at the Hybrid-Tek subsidiary in New Jersey and the approximate $3 million in revenue.
Thanks for your kind words DannyD. You deserve much credit as well for your Hybrid-tek visit and keeping the faith, and I know you've really positioned yourself well by averaging down at .0001. One thing is for sure..the days ahead are going to get a lot more interesting.
I remain committed to doing what's necessary for as long as it takes to see the share price reflect the company's fundamentals as best we know them AND the news blackout injustice to shareholders over the last seven years corrected. And contrary to what someone else has posted, I may eventually bring some BIG hammers to the situation. But I feel a lot more relaxed and confident now than a year ago that the tide is turning in a big way. I will keep you posted.
I accept your critique Orangeman and appreciate what you're saying. I just was shocked when I saw Penny's personal attack on Halbroke, and Penny was actually projecting a higher potential target than Halbroke. Then I had to correct the untruths...like him saying we were at ground zero. Surely you see how ridiculous that statement is.
He seems to resent people that know more about the situation than him, or are willing to lead on this, but its his own fault for not spending some time at least reading the available DD. Hopefully he will just drop it and the bashing and I'm ready to see some sanity restored to the price of Cetek's shares. This must be what the Israelites felt like with their 40 year wandering in the desert before making it to the Promised Land.
Camerabug, sorry to hear you took such a big plunge in the .003s years ago, but none of us had any way of knowing that Hilal would totally clam up for seven years as he grew the company and artificially depressed the share price to zero. But it's nice to know another fairly large shareholder in this, and that will be important if we shareholders eventually need to band together to force Hilal to divulge financial information about the company at some future date. I'm getting the feeling that won't be necessary as the extent of the Cetek share price undervaluation is becoming widely known. Stay in touch.
Excellent Orangeman..I am so proud of of all these long-termers like yourself, DannyD, Ace, Ramspace, and i'll throw myself in there too, who paid attention to the DD we could find, didn't give up hope and averaged down at .0001 and positioned themselves for a full recovery of their large investments and possibly even significant profits. There are others as well, and I don't mean to neglect anyone, but don't know if they averaged down or not.
I know you and DannyD and Ace suffered a lot longer and got in at higher levels than me, so I am definitely going to drink a toast to the three of you if and when the stock price gets up there where it fundamentally belongs, and this long term injustice is righted.
Penny. I dont want to waste a lot of time with you discussing board etiquette, but I guess I will have to correct a bit of your misinformation as I have always done in the past, like your excitement dumping CTKH shares at .0001 several years back. Do you realize how bad that was? If you had waited, you would've had a triple and possibly a whole lot more from those prices...lol I'm sure that return is a lot better than where you put the proceeds the last few years. If I had time, I'd pull that infamous post up again for everyone's amusement.
As far as Halbroke, the gentleman is followed by around 400 Ihubbers and you are followed by 14. Perhaps that's a little bit of DD that you missed. There are obviously people who are making money from his posts, so what gives you the right to lecture him especially when you just fire out the straight one line bashings over and over? I know some Ihubbers who just laugh whenever they see one of your infamous bashing posts.
Furthermore, look at Halbroke's prediction of a price target. It's .003 to .005. Let's see, how long have I been arguing that based on all this DD over many years that the fundamental price of Cetek based on what we are pretty much sure we do know ought to be in that range. Like others have suggested, Cetek could be worth considerably more based on what we don't know. So there's absolutely nothing wrong or false with Halbroke's .003 or .005 target. If he were hollering for 5 to 10 cents, then I would agree with you, but his target prices are dead on as far as I'm concerned. Halbroke probably read the DD, unlike others around here who have no clue what they're holding.
Penny, I could care less about getting attention on IHUB. My ego isn't so frail that I need to pump myself up anywhere. I know my abilities and talents and am totally comfortable with myself, unlike you. I have attempted over the last several years to encourage the shareholder base that there is plenty of reason for hope with this stock. It's down only because the jerk CEO left us in the dark all these years, but we know better because of the DD that has been done.
And another thing, I have never bragged that I am a DD expert. Look at Cheeky..he puts me to shame. He has done more DD on Cetek in three days than you have done in the last ten years and you've owned 40 some million shares if you haven't dumped it all at .0001. I did most of the DD I did because you as moderator weren't doing any DD and never bothered to update the stickies or anything. You were content to bash Hilal and make an occasional phone call. Hopefully, my DD posts kept some people in the stock for this recovery, who otherwise would have taken the tax loss years ago.
As far as the legal matters I pursued, I became a lot more comfortable with the CTKH situation when I found the $6.14 million revenue figure for Cetek in 2012 plus at least the $2.5 million for Hybrid-Tek. Now that I know the value that is here, I am almost completely confident that this situation is going to turn out well for the shareholders. If it takes another 6 months or a year, so be it. The reinstatement really solidified our situation whether you realize the significance of that or not. If it takes much longer and the stock goes back to zero, then you just watch the buying that will occur at .0001 and try to figure out what is happening. Hilal may not always have complete control over this company if he persists in having his stock trade at maybe 3% of its fundamental value, but I think it's pretty clear that direction is changing, and his little secret is out for a lot more eyeballs now. Some person or group will eventually take advantage of an asset so undervalued.
Now..to get off this nonsense and onto the business at hand, I hope you made out well with your KND* investment, that you didn't panic and held it thru the big drop right after you recently left the Cetek board, and that you managed to capture most of that big gain. It almost tripled, but hey CTKH did triple....
Wow Cheeky..if true, that's news to me. It could be one of the accredited investors who bought shares in one of the RegDs. It sure wasn't something documented in the 15c-211 filing from 2006.
Are you sure its the Cetek Technologies Inc or the subsidiary Cetek Inc, both in Poughkeepsie? One of the problems in DDing this is that there are a number of Cetek named companies around the country. So you have to filter this pretty carefully, especially Cetek Inc. which often appears to be interchangeable with Cetek Technologies Inc. Theres a biotech Cetek Inc. company and one in Davenport Iowa and a third which does ceramic coating, but that isn't part of us.
Good luck with the DD. It has been frustrating knowing a lot of good things about this company from some fairly easy DD but no one believes it or rewards it becuase it didn't come in the form of a PR from the CEO. But some key information is definitely out there in the credit reporting companies. And the NY and NJ job banks usually have a litsing or two for Cetek as well. I also think we can probably find out tax and net income information for Cetek thru one of the state or federal agencies but no luck so far.
True enough Orangeman..although there seem to be more pinks and Otcbbs that have a confernce call on some kind of regular basis. I personally don't care about shareholder meetings..I would be totally satisfied with a PR stating the years revenues and net income and a percentage projection for the upcoming year. Ok..if you're twisting my arm, it'd be nice to know what kind of major initiatives are underway in what areas as well. I believe we'd all be happy with the resulting stock price.
Orangeman, thanks for the info, and I do hope you get to feeling better soon. I hope you still have enough shares and averaged down some at .0001 in recent years that you can at least get back to even if not eke out some gains if we get a nice run here.
Cheeky, I believe the shares outstanding are 6.1 billion. It is possible that Hilal bought back a chunk of shares during the last 6 years of no bid to .0001, and I fervently pray that he at least had the good sense to do that. It did seem to me that there was a regular buyer who could be counted on to buy a few hundred thousand to a million shares every week or two during this period. However, this is pure speculation on my part and probably wishful thinking. But even with 6 billion shares, the revenues are just so large relative to most pinkies that this could make a major run just on fundamentals alone without any hype.
Plus as several others have noted, a lot of shares may have disappeared because people just assume they were worthless. Maybe this was Hilal's plan all along to create shareholder value by wiping out the float based on a total news blackout for many years leading to shareholder apathy and disillusionment, their need to take tax losses and discard the certs, and considerable attrition. Remember, a scientist must think outside the box...LOLOL
Hi Cheeky..Belanger is one of the revenue numbers that I've never been able to pin down with any certainty. What I do know about Belanger is that it was purchased for approximately $500,000 in 2006 and that it played a critical part in the revolutionary heat exchanger projects that Hilal engineered in the mid 2000s decade with the MIT scientists. Hilal consolidated the Belanger operation, which I believe was in Massachusetts, into the Poughkeepsie operation shortly after the purchase.
In looking at the website, Belanger has the ability to grind and smooth and create ceramics in awesome shapes and sizes. And it is an important part of Hilal's one stop process...that a customer can not only get his rough ceramics at Cetek but can have it shaped and smoothed into whatever customized form that he needs. The customer doesn't need to take take that specialty business elsewhere as with most ceramic producers.
Puffadder, thats a good point about how many shares have just gone up in smoke or shareholders have died after all these years and tossed the certs because they were just assumed to be worthless. I know I have several associates who unfortunately bought the stock about ten years ago at my suggestion who wrote the stock off for tax purposes when they couldn't sell it at .0001 after a lengthy try. Who knows? Maybe I will have the last laugh and redeem myself on this.
I think the other key factor is that a huge chunk of the float is tied up in the hands of shareholders who bought the stock at much higher prices following the Motorola PR for high defintion TVs using ceramic screens. My share holdings date from a later purchase date, but I do remember the incredible run from no bid to .0077 which eventually led me to purchase shares. At the time the Cetek Process developed by Hilal seemed to offer incredible potential based on what I knew about ceramic technolgy. So it's entirely possible we may not see huge volumes of shares for sale until we at least get out of the trip zeros. Hard to say though with a lot of recent purchases at .0001 and .0002.
I have said for many years that I think fundamentally, based on the credit reporting companies revenue estimates, that Cetek should be trading around .003. If we get a PR with a big contract announcement or detailed financial information then I agree with you that .005 is not out of the question.
Hey Penny, I saw your obnoxious post to Halbroke and glad to see that a moderator took it down. I find his posts far less redundant than yours for sure. Its been pleasant of late without you bashing and trying to bully people around.
I'd like to personally welcome Halbroke to the Cetek board. He recognizes an undervalued stock even if you don't.
Thanks 1Plus!..I don't know if I'm "the man" but maybe one of the men'' Lol DannyD has some good research based on his visit to the Hybrid-Tek subsidiary which has a security clearance with the DOD and a number of contracts with them.
I've been intriqued with this Cetek situation for a long time and knew someone who was pretty close to Hilal for a number of years. So I do have some additional insight but cannot explain for the life of me why a CEO would let his stock sit at .0001 for all these years, hurting his loyal shareholders and risking the loss of control of the company in the event some large shareholders or a customer or suppliers decided to take advantage of an asset trading at extreme undervaluations based on fairly easily available revenue information, and then legally force some changes to the board of directors.
I think most people who are doing some research into this company are aware that this isn't your typical stinky pinky where there are few if any revenues and few prospects for them. It appears likely that Cetek's revenues are at least ten million and even with 6 billion shares outstanding, you can easily make a case for a stock price of .003 plus based on two times revenues.
Then you might want to consider that Cetek has zero debt, as Hilal doesn't do debt, and that MMM recently made a huge purchase in the ceramics industry of a company called Ceradyne at a significant premium to the share price at that time. With recent advancements like those led by Mr Hilal, where there is little or no waste in the firing of the ceramics and almost perfectly smooth and shaped ceramic pieces, there are more and more applications in consumer products for ceramics.
For instance the green non-stick pans advertised on TV are ceramic coated, and they are superior to other teflon type products in endurance and non-stickiness. Ceramics is a hot industry with many new applications and products, and one thing I do know about Hilal is he is constantly trying to create new products. His work with heat exchangers back in the middle 2000s with a company of MIT executives called Wilson Turbo set new records for temperature tolerance. I believe it was like 1200 degrees but dont quote me on that. That development led to the Linco contract which unfortunately was a deceptive Korean company. Several years back Cetek was part of an upgrade project producing a Macor ceramic circuit for use in the ultra high temperature Los Alamost nuclear collider facility. Cetek is not your mom and pop ceramic shop, if there is such a thing..lol.
Hilal is a world class scientist and had a major stint in engineering at IBM before striking out on his own. He just hasn't kept the shareholders up to date with the company's developments or done things to create shareholder value, like provide a press release of the revenue numbers. But there is little doubt in my mind from all my research and contacts, that Hilal over the last 10 years has quietly developed a successful company which is dramatically undervalued and has a lot more potential to grow or be bought out by a larger company. The facility in Poughkeepsie doesn't look like much but inside, Hilal has an extremely efficient automated production system in place that can be easily altered to produce highly customized ceramic products. This is a lotto play that isn't a lotto play in my opinion. Hilal has the revenues to justify a big rise in the share price anytime he wants to make them public. And the 64 million dollar question for all of us long-term suffering shareholders is why he hasn't.
But the reinstatement of Cetek last summer was a huge event because it made clear to shareholders that Cetek was alive and kicking and that there's good cash flow if he can pony up $46k to reinstate the company. And he has for over ten years kept his word not to ever do another reverse stock split. And one other thing that gets over looked a lot is that way back in the mid 2000s, and as announced in one of the shareholder meetings he used to hold each year, Hilal bought back approximately 90 million shares at prices above a tenth of a cent. He had PRed a 500 million buyback a year or two earlier. However, at that time, with the acquisition of Belanger and the upgrading of the production facilities, Hilal needed the cash for business purposes.
Here's probably the best piece of research we have found on the recent revenue and employee numbers for Cetek. I found this information in August of 2013 which means it probably reflects the revenue numbers for 2012.
For some reason the first link isn't working, probably because there is a new link for 2013 information, but I did copy the information that was out there at the time, so it is still available...
WhatsCookin
Saturday, 08/03/13 10:49:09 AM
Re: None
Post # of 18808
Bingo. The revenue number below is from a publication called the New York US Business Directory and does not appear to be just an estimation of revenues, as the numbers appear to be from some local governmental entity. I googled the US Business Directory and it's something you can download for $199 with information on all the businesses in each of the fifty states. It shows Cetek having annual revenues of $6,148,000 and 29 employees. The employee number seems a bit higher than the 25 employees that seems to be the best estimate for the number of employees at Cetek in Poughkeepsie over the last several years. But given the recent hiring spree, that might be where it is now.
The employee number does not appear to include Hybrid-Tek where we know there are at least 12 additional employees. So...the $6.148 million in revenues probably doesn't include Hybrid-Tek's revenues, and that would mean that Cetek's total sales could approximate or even exceed $10 million dollars. Since this is from the New York businesses database, it's probably a reasonable assumption that it wouldn't include taxable dollars being generated in another state. (But even if it does include Hybrid-Tek's revenues, I think we'd all be thrilled to have a revenue number above $6 million or approximately .001 a share.) I definitely like the idea that here is a number that isn't a range or rounded to the millions, but a very specific number rounded to the thousands. That implies to me that they have an accurate source of data. Here's the link: http://ny.mingluji.com/m/category/sic/346909_-_Machine_Parts-Whsle_%2526_Mfrs
•Company Name: Cetek
•SIC Code - Business Types: 346909 - Machine Parts-Whsle & Mfrs
•Number of Employees: 29 Persons
•Gross Annual Sales: USD $ 6,148,000
•Telephone: 8454523510 (845)452-3510
•Fax: 8454523524 (845)452-3524
•Website: www.cetektechnologies.com
•Country: U.S.A. - United States
•State: NY - New York
•County: Dutchess
•City: Poughkeepsie
•Address: 19 Commerce St
•ZIP Code: 12603-2608
•Contact Person: Fayiz Hilal
•Contact Title: CEO
•Contact Gender: Male
I also found this employment information about Hybrid-Tek, although it does not provide revenues. Since it is from the local Millstone Township Yellow Pages, there is no reason to doubt this is an accurate number, probably provided by Hybrid-Tek. It shows Hybrid-Tek having 16 employees, or growth of about 33% since the days when there were 12 employees.
http://listings.allpages.com/nj-96H0367749-millstone-township.html
DannyD...that's the dream solution for sure...LOL
"Good Luck to all "Cetekers" and lets hope the big man steps down or is locked up in a room where he can do his scientific thing and let a real CEO run the company."
I also agree with you undervaluation comments below. The Hybrid-Tek subsidiary achieved record sales way back in 2006, which meant that it was exceeding the $2 million in revenues that it reported as a private company in the early 2000s and we know it has prospered and grown significantly in recent years. The Cetek PR from 2006....
http://www.marketwired.com/press-release/hybrid-tek-inc-reports-best-year-in-past-twenty-years-699657.htm
"To all newcomers Cetek is by far the most undervalued penny I have ever seen and the only reason we are trading where we are is because CEO is not shareholder friendly."
© 2014 InvestorsHub.Com, Inc.
Fetter, I have contacted the Securities Enforcement Division at Nevada SOS about a statute they have concerning the requirement for a share holder meeting approximately every 13 months. I've always gotten a real run-around, passing me back and forth between two differnet departments. Neither seems to feel that they have the staff to enforce the statute, so that is likely a dead end unless we want to hire a legal beagle to prosecute the case.
Orangeman, the last published share count after the 2006 RegD to buy Belanger was 6.1 billion shares. To the best of anyone's knowledge, that's where the count remains, and that was the number on the website until sometime in 2012 when Hilal removed the shareholder information from the website. There have been no RegDs which Hilal always used to issue new shares since late 2006. Over 7 years have now passed with zero dilution as best we know.
Penny, what is wrong with you that every time Cetek has a volume surge, you run to track Roundmot down when he has told everyone for about five years that he sold his shares and moved on? You reported this to us back last summer when Cetek was reinstated by Hilal in Nevada for $46,000. Don't you remember?
Puffadder, I watched the stock action carefully yesterday, and you really nailed the call on the volume surge and price increase. That was pretty amazing to watch after a number of attempts to get past .0002 had failed in recent years. A board mark for you.
Always a possibility End2war that a larger customer or supplier would see the possibilty of some very cheap horizontal or vertical integration when they see the scope of the operation and the 600K market cap. I have to feel that the, shall we charitably say Shareholder-value-challenged CEO Hilal will someday lose control of the company if he allows the stock price to sit at a 95% or more discount to its actual value. He's managed to keep the company under the radar for about ten years now, but that could change quickly with all this sudden attention.
Thanks End2war. I don't know how you prove there was a huge naked short position grandfathered into the stock, but when I see powerful buying in volume that would clearly take the stock higher and then either 450 million shares (which we know no individual has)show up at .0001 on the ask or you see every .0002 buy followed by a 100 share sell at .0001, then it's pretty obvious someone has a keen interest in holding this at no bid. And it isn't Hilal or the shareholders.
I think the key here is to get the stock thru .0002 or at least maintain a heavy bid at .0001. Then I think at some point the fear of what happens when news hits will force the naked short covering, and then this might be the stock of the month or year. Myself, I would just like to see the stock trade at a price which reflects the fundamentals that we have here. Granted, we lack confirmed specifics, but we do know quite a bit from the employment history and revenue estimates by the credit reporting companies, who are paid to be accurate.
Koolmc, what you mean "most likely" MM Manipulation? Lol Who else matches every buy at .0002, even for tens of millions of shares, with a 100 share sell?
The last time Cetek had a lot of buying volume after the reinstatement last summer, the MMs hit the Bid with 450 million shares all at once to stop the run. I firmly believe there's a huge naked short position in this stock which was grandfathered in years ago. And once new investors have the patience to wait out the manipulation instead of dumping at .0001, then I think things will get really interesting on the upside. This is a real company, as opposed to the typical stinky pinky, but no one believes it. Do the DD...this is one of the most amazing lotto plays out there. And the fact that it is a real company means that at some point if Hilal doesn't provide information, then it will be worthwhile for the shareholders, especially the larger ones, to organize and go after Hilal with the legal beagles.
Hi Cheeky. It would sure be nice to get some news. If Hilal would just PR his revenues and net income, then my guess is that the stock could trade around .003, based on the $10 million in revenues that he likely has. If he tossed in some significant share buyback info and a few of his contracts with defense contractors or a big name company, then Halbroke might be correct with the eventual .005 prognostication.
But we have to take down that .0002 wall first. That was very impressive watching those 20 - 30 million share blocks going thru. We haven't seen that since 2003 when it hit .0077, but with a lot fewer shares. But at that time it was only a developmental company, and now it's a real apparently thriving company.
Hi Orangeman. Not to be picky, but I sweet-talked the Nevada SOS clerk, and she gave me the exact amount of the reinstatement fees. It was $46,000. And as all of us long term shareholders know, that had to be harder for Hilal to stomach than a penny sized kidney stone.
Holyroller, during the time of the LINCO contract I befriended the CTKH secretary at that time. She has since left. This was after my falling out with Hilal who didn't appreciate my financial management suggestions that I offered him for free...lol
But here's what happened. The Linco deal was real. But unbeknownst to Hilal, Linco did not have funding. They used Hilal's engineering genius for 7 or 8 months to build a prototype heat exchanger, and thats when he discovered they had no money. The secretary entertained the Linco CEO and his wife on a visit to Poughkeepsie, so she knew the story. In fairness to Hilal, this deception made him a lot more leery of providing press releases that had the potential to turn out false.
Ramspace, good point and something that any newbies need to know. While I think it is safe to say that most shareholders have a strong dislike for Hilal because of his news blackout, there is little doubt about his awesome scientific prowess. I also respect the fact that he is notorious for not spending a penny that he doesn't have to spend. And this company doesn't have a cent of debt to the best of our knowledge. In the 15c-211 filed in 2006, which I encourage everyone to read, the company had a current ratio of 15 to 1. Even then, CTKH had revenues ramping up towards $3 million a year, based on the first quarter financial statement.
Hilal used to provide quarterly updates to the shareholders when he was acquiring Hybrid-Tek and Belanger with shareholder funds in the 2003 to 2006 period. And when his company went cash flow positive, then he stopped providing any updates. However, there is substantial information about Cetek on the internet and their website.
Ramspace, thanks for dredging up my DD posts. I wasn't going to have time to do all that.
Hey Ramspace. Nice to see you and the rest of the gang around. Very nice summary.
It has occurred to me for some time that as a CEO, when you let an undervalued asset (Cetek Shares) sit there trading at maybe 2-3% of their real value that you run a great risk of losing at least a portion of the control of the company when someone or group accumulates all the .0001 shares over time and hires an attorney to rearrange the board. And that is a definite possibility here, as the cover up of all the good news continues. As Orangeman and others have pointed out, there are suppliers and customers who know this stock shouldn't be trading where it is. So things could get real interesting here either because Hilal is about to release information or us shareholders go beyond complaints to the NY Attorney general and SEC because we know the cost will be worth the outcome we extract.
I know in my own case that if this blackout goes on much longer, then I and other shareholders are going to take a more aggressive approach with appropriate funding to correct this long-running injustice to shareholders.
Well stated Fetter...that's the Cetek case in a nutshell. It's a real company with state of the art production capabilities and cutting edge ceramic products and unbelievable revenues for a no-bid stock. When Hilal purchased Hybrid-Tek back in 2004, it was a nearly $2 million a year company, and since then he has greatly expanded the production capabilities there. Just listen to the information inthe Hybrid-Tek video on the Cetek website.
But our crazy CEO has not put out a PR in seven years. That would have been ok if he had had the good sense to buy back every single share in the trip zeros, which IMHO he could. The company is very real and very successful. The problem is that the CEO has not been concerned about the stock price, only building the actual company.
China, I guess you noticed that everytime there was a buy today at .0002 the MMs immediately ran a 100 share sell through at .0001. This was kind of reminiscent of last summer's big volume buys at .0001 and .0002 after the reinstatement news hit. CTKH stock had steady trades at .0002 and suddenly the MMs squelched the rally with a 450 million share offer at .0001, which overwhelmed the approximately 100 million shares on the bid at .0001. As we know, no one owns 450 million shares of this.
So yes, I agree with you that after all these years of growth in Cetek sales and earnings that some old grandfathered naked shorts which don't show up in the current short statistics may be a little concerned...especially after Hilal ponied up $46,000 to reinstate Cetek. It has been over 7 years since Hilal diluted a single share, and we have numerous credit reporting companies which peg Cetek sales at approximately $10 million. Within the three subsidiaries, Hilal employs approximately 40 people and consistently advertises for new employees in the New Jersey and new York job banks. Last year he hired two upper management people with salaries ranging up to $150,000.
Hello Knm 2. Thanks for your concern. I am fine...I've just been extremely busy with other business matters and really didn't have much new to report or any desire to argue with the bashers. I recently reinitiated a call with a contact at the office of the Nevada SOS securities enforcement division, so I might have something new to report soon.
Otherwise, I think it's ok to give Hilal a little time to follow up on his reinstatement action. He is such a procrastinator that one year for him is like one week to a normal person. We do know a lot more than we used to...even six months ago. We have a pretty good idea of what Cetek's revenues are, and we do have an active corporation which is about a thousand percent ahead of where we were earlier this year, when many thought his extinction was next. So I don't view this as a time to be discouraged, although it would have been nice to see some stock momentum after the reinstatement and discovery of the revenues. but our angry CEO is a lot to overcome.
There are still a number of scenarios for us long-suffering longs to regain most of our money here and for newcomers to bag a multi-bagger, so time to do some DD and see what's happened with Cetek recently. I see he had another new hire recently, so it appears we're continuing to prosper.