Extremely well stated DannyD. Of course, we would have a certain someone on board trying to spin paying $40k to reinstate the company into a negative event. Every time there's any interest shown in Cetek, we can always count on this person to come up with a negative spin. Meanwhile, we have plenty of evidence the company is experiencing solid growth.

Penny, good job getting that $40,000 dollar info out of the Nevada SOS office. I unfortunately talked to a real stickler for the rules, and I couldn't get her to budge.

Anyway, that's twice as much as I understood the back fees to be, so that's REALLY shareholder friendly beyond anything I would have dreamed Hilal would do for us. That is simply a HUGE concession on his part. And like it or not Penny, he has reinstated the shareholder entity CETEK TECHNOLOGIES INC. That is the entity we own shares in. For six years we have theorized that he might be transferring the assets into subsidiaries which might preclude us from any ownership of those assets. With this move, he has put that issue to rest. It is now clear that he does have a plan for allowing shareholders to share in the growth of his business. Cetek Technologies Inc is alive and well.

BigMoneyAtl, you're always welcome as I'm always happy to share good information about our company which has caused us so much grief for so long BUT still offers the potential of a huge reward. If Hilal has grown the company like I think he has these past six years, and continued to develop the relationships with the large companies that he has had some involvement with, then we probably have some very pleasant surprises ahead of us.

Fetter, thanks for the information from your sources. More and more it seems the revenue estimates are above $10 million now, so your sources are in line with that. However, Hybrid-Tek seems a bit light since they had approximately $2 million in sales back in 2006. And I doubt Hybrid would have gotten this major facilities upgrade if their sales weren't significantly above those levels.

I think your 3 cent valuation may be optimistic, but I think the fundamentals shown in the credit bureau reports could certainly justify a half cent share price. And hopefully, if/when we get some detailed accounting of the operations, maybe a higher valuation would be justified.

DannyD, thanks for that inspiring update of your visit to Hybrid-Tek. I knew one other person who visited there a number of years ago, and like you, they were utterly amazed at the intricacy of the operation.

It is a little hard for people to believe the great things behind this company because of the silent CEO having driven the stock price to zero. But once the scope of this operation is understood, I agree with you that a nice run is coming.

Good afternoon Stockfalcon. I just got off the phone with the office of the SOS of Nevada. The lady I talked to informed me that they had processed a reinstatement package for Cetek on 6/06/2013 and had processed what she called a very large payment on 6/18/2013. I pressed her for the amount of the reinstatement, which I suggested exceeded $20,000, but she said that I would have to contact the entity for those details. When I explained that the CEO has a shareholder speech impediment, she still wouldn't tell me the amount, but did reiterate that it was a very large amount.

One of the things I do recall about the state of Nevada statutes is that the more authorized shares you have, the bigger the payment is. But she did say that Cetek is all paid up through April 2014 and we are in business again. This is HUGE news for the long-suffering shareholders. Hilal does not like to spend anything not directly benefitting his profitability, and for him to shell out the funds to reactivate the shareholder's entity means that we are firmly back in the equation of a very successful company.

Penny, you're amazing...for seven years now, you've been predicting a R/S that never happens, and all you can post about when we finally get some great news is this nonsense. Take it somewhere else. Why don't as moderator you put some good stickies up like the reinstatement link and update the look of the board?

Penny, I really don't think they would enforce this in Nevada, as just about anything goes, and in the course of talking with numerous attorneys, I've been told what's on the statutes doesn't necessarily get enforced. If it were a law enforcement action, why would they wait six years to step up to the plate? So no, thats highly unlikely. But then again, there's probably never been a company doing as well as Cetek that just let their business license expire for six years.

It could be that Hilal began to think that updating the shareholders is a preferable course of action to being interviewed by attorney generals, FBI, and SEC officials. That message was conveyed. Or it could be as Ramspace suggested that he has reached the business success that he wanted to achieve to allow him to put a full shareholder enhancement plan into effect. It could be truly spectacular if this is the case.

Exactly Stockfalcon. I can't tell you how heartwarming it is to see the reinstatement. The success of Cetek Technologies as a company can hardly be questioned with what we know about the company's growth from the internet and their continued involvement in bleeding edge advanced ceramics technology. They produce 36" substrates, which was undreamed of just a few years back. And the Hybrid-Tek subsidiary has defense contracts and just underwent a major investment in it's facility as explained in the website video. Cetek was also involved in the huge Lansce Harp upgrade project at the Los Alamos atomic accelerator and produced a MACOR circuit, which just happens to be trademarked by Corning.

The question has been...Will Hilal ever update the shareholders and make an effort to enhance shareholder value? Or is he funneling the profits elsewhere? So reestablishing the legitimacy of Cetek Technologies Inc with the reinstatement is a huge step in the right direction for shareholders. IMO it removes the potential that he is trying to bypass the shareholders. And with the legitimacy reestablished, then we can start focusing on what the company is worth. IMHO, with $5 million being the low end of estimated sales, if you put a market cap of 2 times sales on the stock, you have $20 million or roughly .003. Cetek was running around $2.4 million in sales way back in 2006 as reported in the 15c-211 which you can access. So $5-10 million in sales by now certainly seems within reason. If we can just get him to put out a press release stating that.....

Aduke is absolutely correct about this SOS-NEVADA link from Ramspace. THERE IS NO STOCK SPLIT and those other entries both before and after 2006 are bogus. I can no longer pull up the entity action details associated with this link, but there were over twenty actions listed, including some in 2008, 2009, 2010, and as we all know, Cetek's license in Nevada has been deader than a doornail for the last six years, the main reason the stock has traded at .0001 all these years. There are also actions listed back to 1999, long before Cetek became domiciled in Nevada in 2006, and as the long shareholders know, Cetek was domiciled in Delaware before 2006.

So this link is definitely doctored and we can put it to rest. Sorry Penny, I know you had your hopes up...lol

Thanks Ramspace. I will try to see what I can find out as well.

Penny, I guess I did say that backwards, but it's been a heck of a long time since I've been thru a reverse split. I definitely don't thin one billion outstanding shares is tied to a reverse split. It simply makes no sense.

Penny, since you seem to be a little down this evening, would you acknowledge that reinstating Cetek Technologies in Nevada, paying I'm thinking around $20k in back fees, is a positive for shareholders? And since he has operated just fine without that license for the last six years, doesn't it seem to you that move is less related to business development than shareholder relations? Frankly, if I were a CEO and I were forbidden to issue press releases, (as appears to be the case with Hilal), the friendliest non-verbal message I could ever send to shareholders would be a reinstatement of the company. And it makes me think there's more to come.

I agree Bigmoney....If you believe there's a pulse here, and I personally believe there's a strong heartbeat, then it's time to average down.

I agree Stockfalcon. I have never seen the trip 1s get cleared out with such few shares in a stock with 6 billion shares outstanding. I think the answer is that you have a heck of a lot of shareholders who liked the story here when Hilal was providing quarterly updates about his revolutionary Cetek Process and tremendous sales growth. They bought in at much higher prices in the .002s or higher and have been stuck here for many years, and are thinking more in terms of getting most of their original investment back when/if Hilal releases some news.

Because of the credit bureau reports of $5-10 million or more in sales, over 35 employees including two recently hired $100k plus managers and a number of ceramics engineers, and updates to the Cetek website, we know quite a bit of good information about Cetek. And it appears that Hilal is delivering on most of the performance that he promised. It's just that he won't let out any information about it, and of course, the shareholders including myself are frustrated to a level that we're pursuing steps to make him disclose information to the shareholders as required by statute.

But can you imagine if this were a shell stock and there was a PR announcing the reverse merger of a company in the advanced ceramics industry with at least $5 million in annual sales into it how excited people would be about loading into this? The only missing ingredient is some information from Hilal, and the fact that he paid substantial back fees and had the company reinstated makes me optimistic that we will finally get an update. So I personally think it's the best lotto out there, as it just needs official confirmation of what we already know. But the caveat is that Hilal is one strange bird.

Well..if Hilal did a R/S, he sure didn't tell anybody, lol, including the brokerage houses, and like Ramspace, all my shares are still there in my Fidelity, Ameritrade, and Scottrade accounts. I have no idea what to make of that filing, except that it is well over six years later since there were a confirmed 6.1 billion shares outstanding after the last RegD in 2006.

I do know that back in 2005 that Hilal definitely bought back about 80 million shares, which he did confirm at the last shareholder meeting in 2005. And he bought those shares back at .0012 to .0014. So I do know that was an objective of his to buy back shares, but then he issued one more round of dilution at a lower price, so I lost all faith in his business sense.

With the stock sitting at no bid for all these years, I definitely thinks it's possible that Hilal maybe did buy back a bunch of shares at .0001, although that is total speculation on my part. I really don't believe he could have bought back 5 billion shares, so this is probably not the answer to the 1 billion mystery A/S in the filing. But it's definitely a question I think our Mr Ramspace needs to pose to Mr Hilal. (Ramspace is one of the few large shareholders with whom Hilal will have a civil discourse.)

It would make absolutely no sense to do a 6 to 1 reverse split, since that would put the bid up around .0005 or .0006, hardly a good path to additional dilution or moving to a higher exchange. So the answer to this mystery A/S filing should be very interesting.

The TA is gagged, so no one really knows what the float is. I do know there are a number of large shareholders with large positions, some with over 200 million shares apiece, who are in at much higher prices and aren't going to be selling for awhile.

But the key here is a press release from the CEO with some detailed information about the company's sales. And long ago he became aggravated with the shareholders, and just stopped all quarterly reporting and annual shareholders' mettings, which he used to do up until 2007. But I encourage you to go to the Cetek website and watch the video for Hybrid-Tek. Also, look at the specifications for the advanced ceramic technology that they are involved in. This is a high growth area with constant new product applications. If we can just get some information out of the Ceo.......

Stockfalcon, this company is a really great story except for the issue of the CEO. But he is older and in poor health and appears to be loosening the reigns a bit, having hired two high-salaried managers. It also means he is growing faster than he can personally take care of everything. If we could ever get him to report his 5+ million in annual sales, then this $610,000 market cap is going to seem ridiculously low.

But this is a tremendous step forward for him to have the company reinstated. And I think all the multi-year long-suffering Cetek stuckholders finally have reason for hope with this news. The one great disappointment in all of this is that the CEO, to the best of our knowledge, never bought back a single share in the past five years, and IMHO, it is about 95% undervalued.

Thanks Ramspace. I have continued to line up some possibilities for legal action. We just need a detail accounting from Hilal about our investment.

This is not your typical stink pinkie situation where there is nothing there as far as a business. Cetek, from everything we know, is a successful business, and has been around for well over 20 years. Along the way, it acquired two very significant businesses in Hybrid-Tek and Belanger Ceramics. The only problem from an investment standpoint is that the CEO Hilal, who is a brilliant ceramics engineer, is a horrible CEO who has refused to communicate at all with shareholders for over five years now, except by phone.

Recently, a bunch of long-standing shareholders, including myself, have been pursuing possible legal action thru the courts or attorney generals to make him divulge some information as required by statute. We have also made a number of calls to either his secretary or him, explaining that releasing some information is much preferable to being questioned by the SEC or perhaps FBI for fraud. So...this reinstatement is a very welcome step, and believe me, as tight as Hilal is with a buck, to shell out about $20k in back fees, means that someone at Cetek is feeling some pressure. So this is really some great news to shareholders.

Wow Stockfalcon, that is huge news. Hilal, the CEO went totally silent about 6 years ago and let the license in Nevada expire. But he has been operating thru a subsidiary Cetek Inc., domiciled in new York. He recently hired two managers for around $150k a year and according to the credit bureau reports has over $5 million in annual sales and 40 employees. When the last RegD was issued in 2006 he had 6.1 billion shares outstanding and that is the most likely O/S at this point. At .0001 the market cap is $610,000 which appears vastly undervalued.

He has cutting edge advanced ceramics technology, an extremely well-run subsidiary Hybrid-Tek which had over two million in sales as far back as 2007, and the only thing holding the stock back is the lack of communication about what has been happening. Look at the website, especially Hybrid-tek. It is extremely impressive and a new large investment was recently made there. For him to pay his back fees in Nevada means he finally has something positive in mind for the shareholders.

Gary, I think there are a few things we do know. One is that as of the last Reg D in 2006, there were 6.1 billion shares outstanding as he documented on his web site for many years. Since then, there have been no addditional Reg Ds and no more shares offered. It's possible that Hilal has bought back some shares at .0001 along the way, although I have my serious doubts.

Let's be reasonable on the earning estimates. Cetek is defintiely not making $50 million in earnings.... Cetek's sales in 2006 were running just over $3 million a year. Hilal stated then they expected bookings 20% above that in 2007, and that was just for Hybrid-tek. So let's use 20% annual growth through 2012 on 3 million and you have about $10.7 million in sales which seems to tie in pretty well with the numbers provided by some of the credit reporting agencies for Cetek's revenues. So $5 million in net profits would be extremely good for that level of revenues and it is probably somewhat less than that, although it's within the realm of possibility.

As far as your response to how to make Hilal see the light you stated "Make him, or his successors recognize they'd be worth more if the stock was properly valued then they currently are." My response to you is what kind of (to put it politely) mentally-challeneged individual doesn't realize that a higher stock price doesn't benefit himself and everyone else? Do you see how ridiculous this is..what you just suggested? What CEO needs to have this concept explained to him? Maybe a kid in first grade?

As far as the higher exchange, if the stock ever started to trade at some semblance of fair value, then that might be something to consider. But first, we need to see the stock trade at some level reflecting detailed financial information about the company. Then we can worry about getting off the pinks.

Hi Croesusjr. I am not responding to this as an "oldtimer"...LOL

Yes, it is documented in the shareholder meeting minutes that Hilal bought back 90 million shares during 2005. For the most part the stock was trading in a range of .0012 to .0014 during the buyback period.

In reading thru the posts over the last week and a half, as I continue to wait on various people, I find that at least five essential points have been made, three by Ace, one by Penny and one by DannyD.

Obviously DannyD's point that we are dealing with a vile individual who has no regard for his fiduciary responsibility to shareholders and is unreasonable and irrational is the number one key point about our situation.

The second key point and I will quote Ace "The guy did not lie about anything. He did get where he wanted to be. He did accomplish those goals and we need to get him credit for that. The only issue is/was that he continues to say "NOT NOW" when we asked him when will you update us." Well, it's true he didn't lie about what he intended to accomplish as far as his business. From what I have found on the internet, and seeing the jobs and salaries his company is offering, I firmly believe he has sales above the $10 million dollar mark. But to be absolutely fair, he lied about getting us to a higher exchange, he lied about the audits and resuming financial reporting, and he did lie about the 500 million share buyback. He only bought back 90 million shares and later diluted several billion more shares. And he lied repeatedly in almost every press release when he promised "to keep shareholders informed as he strove to build shareholder value." Please if you have any doubt, go back and read any press release in 2004 and 2005 when he made this statement at the bottom of every press release and even thanked shareholders for making this success possible. BUT THE KEY POINT IS HE DID NOT LIE ABOUT WHAT HE INTENDED TO ACCOMPLISH THRU THE CETEK PROCESS. He truly did what he said he would do, which happens in about one in a thousand pink sheet companies.

The third key point goes to Penny, and that is that most shareholders at this time would be happy with several press releases which caused the share price to rise to some semblance of fair value and then have the option of making a "graceful exit". That is an objective that we always need to keep in mind as we pursue our courses of action.

The fourth key point goes to Ace who mentioned a share buyback. I am always happy to see a share buyback mentioned because this is the one option Hilal has that would allow the long term shareholders to recoup their losses. I have repeatedly stated that based on 10 million in sales that a likely fair value for CTKH stock is a 20 million dollar market cap or approximately .003 a share based on 6.1 billion shares outstanding.. That means there is an asset that a considerable number of shares can be bought at 3% of what the company is worth. I would bet that maybe a third of the shares in this company could be bought at .0005 or less, so great is the disdain for Hilal. In any rational CEO's mind, if you could purchase that much of the company for less than 10% of what the company is worth, you would do it. if your brain hadn't been fried by ceramic fumes, then you'd probably buy enough shares to take the company private. But the point is a share buyback would be in everyone's best interests.

The fifth key point was Aces point that there is nothing wrong with attempting to continue to reach out to Hilal. While DannyD may well be right that he will continue to do nothing for shareholders, Hilal and his board need to understand that by continuing to ignore shareholders, they may eventually be facing charges of outright fraud. You can't just take funds from shareholders, grow a thriving business and pretend the shareholders don't exist. Now, if you go belly-up, then the shareholders are usually screwed, and you pretty much have to accept that and move along unless the company has some big insurance policy on board members which the shareholders can go after. But Hilal has a different sort of problem. The company did not go bankrupt. It succeeded and there are plenty of assets to go after, including Hilal's personal assets if he is proven to have defrauded us, such as by transferring assets out of our company into these other entities.

In summary, I would like to add a sixth point. Shareholders in this company are crazy if we stand idly by and let Hilal get away with ignoring us, and letting what should have been a profitable investment for many of us sit at zero forever. I agree with Penny that getting the IRS or SEC involved is not a good idea, as with both of them, we will sit for 3 or 4 years waiting to know if they're even investigating the situation...especially the SEC. But this is one of the few successful long term pink sheet companies that I've ever seen and if there was competent financial management, then most all of us should have made a very nice profit, and it is up to us to see that we get rewarded.

I know Ace has been trying to find someone to contact Hilal, and I do think that's not a bad idea, especially if we have that person convey to Hilal that we are about to go the legal route and that he may eventually face FBI interrogation and criminal charges if he doesn't update the shareholders publicly very soon. I will be passing that thought along myself thru a third party, and I would like to recommend Ramspace as a guy who Hilal will at least talk to for this chore. Hilal will probably never speak to that person again, but perhaps if it's presented as "I want you to know what the shareholders are planning...", it might be perceived less negatively.

I am glad to see people more actively discussing this situation.. we are crazy to sit idly by and let our money be stolen with zero accountability from Hilal. I repeat..this is not a worthless company and everyone who has an investment here should be making their voice heard. We are continuing to pursue the legal route but in the meantime, a single well-worded press release might accomplish what a year of litigation might accomplish. If the press release contained a significant share buyback plan, then it would probably accomplish far more than litigation ever could.

Hi PittsbSteeler. We do not yet have a law firm representing the Cetek shareholders. I have talked with a number of higher-profile firms about a class-action lawsuit who have passed on the opportunity, and there is one that I'm still waiting for a final discussion, but the partner who would handle the case is constantly traveling, so he hasn't had the time to properly evaluate the case. Despite my repeated assurances and evidence that Cetek is a thriving small company, I think it is very hard for them to get past the no bid share price.

Part of the problem we're having is that it isn't clear that a class-action lawsuit is the BEST way to go, as opposed to a way we can go. As I think Ms Hamilton pointed out to you, after a sharp legal mind performs a thorough analysis of the facts, including the claims made by Hilal in the mid-2000s, the issuance of shares under the 504 section of Reg-D, and the relationship of Cetek Inc., Displaytek and Keegy to our company, there might be a number of ways to approach this situation. It could be that we will need an FBI contact. But it's going to take a sharp attorney who thoroughly understands securities law, to analyzes all the facts that we can assemble, and then plots a course of action through the maze of entities that Hilal has assembled.

Therefore, the fact that Ms Hamilton doesn't actually do the prosecution of a class-action lawsuit doesn't mean she couldn't lead this effort and certainly doesn't disqualify her as our primary representative. She has a great understanding of securities law and has great contacts where we most need them. I have been told that we need to get get this conversation off the message boards since it is in full view by our adversary, so I'm going to be a bit vague. Up until recently, I've felt that a fairly public conversation about potential litigation might actually at least remind someone at Cetek that they still have a fiduciary responsibility to shareholders and prompt some kind of shareholder communication. But that's clearly not the case, and now it's time to see what we can get accomplished.

Everyone can help the cause by putting together the dates and purchase prices of shares they hold. Do NOT post that information here, but have it ready for when and if the law firm needs the information in order to establish the size of your loss. More than likely, the information would be mailed directly to the law firm to protect your privacy.

One other thing that comes to mind is if anyone has pictures of the website before Hilal removed the shareholder information, that would be good to have. I think I have links to all the 2003-2006 press releases that Hilal provided when he was doing the dilution, but any information on Displaytek and Keegy would be appreciated. Anything that you have in your memory or files that you think would be helpful to the cause, please feel free to post the links here. The more specific information we can provide about how this situation has evolved, the stronger our case will be.

Hi Lee. I happened to see your message as I was about to leave for awhile and want to provide you with a quick response. We have been in the process for some time now to find a law firm specializing in class action lawsuits against smaller companies, and which will prosecute an aggressive case against a CEO who has totally violated his fiduciary repsonsibility to shareholders. We believe this is a case where there is considerable hidden value that would make it very worthwhile to both the sharehoders and the law firm representing them.`

I have talked with a number of law firms about our situation, but it is difficult and time-consuming to find the right fit. Communication has been slow and sporadic, waiting on senior partners to evaluate the case. So if you can cut through some red tape for us, we will be happy to consider this option. I will contact Ms Hamilton tomorrow and discuss our case, and if there's mutual agreement on our objectives, I will provide her with email documentation of our situation.

Just for full disclosure, I am assuming that you are not a Cetek shareholder and that you're not associated with the company or any of its employees? I'll look forward to talking with your firm.

Hi BigmoneyAtl. Yes, it is true he removed the references in the website to Cetek as a publicly traded company, but you can't get rid of shareholders quite that easily in America...Lol Trust me, they know we're out here and they know we're not the least bit happy with the share price and the lack of communication.

I'm not sure we're worth a penny yet, at least until the CEO-challenged CEO buys back a couple billion shares under .0005. But it's becoming increasingly clear, as I have maintained for several years, that this is a very real company which is prospering and should not be trading anywhere near .0001. And generally, when there is a publicly traded company whose assets greatly exceed the market cap, then a competitor or some astute investor comes along and buys enough of the company to take control. Hilal's share structure might prevent him from losing control, but with enough shares and a court battle, I suspect that someone could get their board members elected and possibly have control or at least significant influence. And you have to know that virtually all six billion shares would vote in favor of the alternative, given the way Hilal has acted.

IMHO it seems to be a very dangerous game Hilal is playing. To have your share price so low relative to what the company is really worth, and my opinion is that it's less than 5% of what the market cap should be, just invites a hostile party to buy enough shares that they could literally make his life miserable, if not take complete control of the company. At the moment, with the stock price at .0001, Hilal has an incredible opportunity to solidify his complete control at Cetek, even take the company private and be rid of public shareholders, by literally stealing the shares back from shareholders through a big stock buyback. That is the only scenario I can see which would give even the slightest rationalization for the way Hilal has acted. But that's clearly not happening here. And I have to feel that some deep-pocketed investor or company is eventually going to take advantage of the foolishness that Hilal perpetuates here and make him wish he had cared about his fiduciary responsibilty to his shareholders, because ultimately it's in his best interests too.

Happy Easter to all.

DannyD, thanks for your great finds here. I rarely look at the Cetek website, but it sure has had some remarkable changes since I last looked. I am very encouraged to see that it appears there is now someone in an influential position at Cetek who finally realizes that the website should be used as a marketing tool.

The changes to the Belanger website are stunning, given the one-page minimum information site it used to be. Those pictures of the ceramic products they're producing are head-turners. I had no idea that ceramics could be created to such precision. The table produced for the characteristics and properties of each material represents a huge amount of analysis and work. I also notice that one of the materials they work with is Macor, which is the Corning trademarked product. You will recall this was the material that Cetek produced for the Los Alamos National Laboratory project several years ago and makes me think Cetek may be pretty tight with Corning.

The investment in equipment at Belanger seems very impressive too. I know back when Hilal was talking to shareholders that he often talked about his continuous investment in equipment. And I suspect that is where a lot of the profits have been invested over the years. I guess it's part of the price of having a state of the art technical capability.

With regard to the Cetek website, that impresses me as very encouraging that they now have inventory and are able to ship from stock within 24 hours. That implies both that they have the cash to maintain an inventory and that demand is brisk enough for their products that it can't all be met by just-in-time production runs. On the 99.6% Alumina screen, I saw this little blurb.... We carry in stock sizes ranging from: 1" x 1" .005 thick up to 18" x 18" .50 thick any other sizes as required. So that's pretty remarkable that he stocks 18" by 18" substrates, and it appears he is saying he has the capabiltiy to produce that elusive 36" by 36" substrate that he always talked about as a special order.

I have been saying for a long time that this is a serious and successful company, and this is becoming clearer as time goes by. Certainly in the realm of pink sheet companies, it is a remarkable company. It's just a shame that we have a strange contorted individual who feels no sense of obligation to the people he owes the most. A couple of press releases defining the financials and significant customers and we wouldn't be talking with lawyers about a class action lawsuit.

This is about as stupid as anything I've ever seen, and I'm hoping that some of the newer hires at Cetek with some business sense exert some pressure on our CEO-challenged leader to act like a real company. Meanwhile I am continuing to talk to the company and to the legal firms all over. One way or the other, we're going to eventually get some serious updates about our investment. And the more positive things we can find on the internet thru our research, the better chance we have of persuading a good law firm that there's some real money to be made here thru share valuation growth.

Hi DannyD. On several stocks trading at no bid to .0001, I have seen trades go thru at .00. I was curious about this, especially why it wouldn't show as .0000, so one day I called my Fidelity broker and asked if shares could be offered at a price below .0001, thinking that would explain why you could see .00 trades. The short answer is NO. The lowest price you can enter a sell is .0001. However, he did tell me that some of the brokerage firms cannot print trades with four decimals, hence the .00 trades that you occasionally see.

Now it's my suspicion that you can sell stocks in a big lot for less than a hundredth of a cent thru a broker working directly with a market maker, but I don't know if that would even show up on the trading report.

But I think the shares we saw transacted today were actually traded at .0001. Maybe someone else has some experience with this??

Penny, I think the problem with asking for a shareholder list is that the shareholders who own Cetek in a margin account, or street name if you will, would not show up on any list. Hilal only has the list of shareholders who hold the stock in certificate form, and that's just a precious few. Those are the ones who received a mail notification of the yearly Las Vegas shareholder meeting all those years ago when Hilal was complying with shareholder reporting statutes.

Assuming we have the support of the larger shareholders on this board, then I think we have enough shares to offer to entice a reasonably reputable law firm. I believe the bigger trick will be to convince the law firm that shares are worth several tenths of a cent if information were being disseminated, rather than a hundredth of a cent. If we find we need more shares to offer, it might be just as well to solicit the Yahoo and Raging Bull boards.

Thanks Penny. The trick here is get a law firm to do enough research to understand that the share price could easily be 20 or 30 times where it is if Hilal were just providing basic information about the company. Then they will be happy with the share enticement we are offering.

It's one thing to lose all your investment in a pink sheet stock because it's a scam or the company goes bankrupt. But it's not acceptable to lose all your investment in a company which is prospering just because the CEO is obnoxious and has no respect for shareholders rights and is willing to sweep their contributions to the company's success under the rug.

I agree that there are ways of disseminating the information which would be better for the share price in the short term. However, any informmation which "got the lawyers off his back" would at least put Cetek back on the radar of many speculative players. I still say there's an enormous percentage return for a company with revenues of about $10 million trading at a $600k market cap. I will never understand why Hilal doesn't pony up several hundred thousand dollars and buy a majority of the shares back and either take the company private or go for a higher exchange. Before he stopped talking to me, the higher exchange was one of the things that he said was in the plan. He could literally "steal" his company back from the shareholders at this point.

We just need to be persistent with this and eventually we will get at least a partial recovery of our investment.

Just wanted to provide a brief update to let everyone know that I am still talking to various law firms about our situation with Cetek. The firm I thought was about to take the case decided that it did not fit their size criteria for a oontingency case, so I am now talking with several others. In each case the turnaround time is slow because you start out with a lengthy conversation with a paralegal, and then he turns it over to a partner, who takes his time reviewing the situation and having several conversations over a several week period. With regard to the current firm which seems most interested, the partner has been out of town for over a week in court, so that's the current hold-up.

I have been speaking exclusively with larger better-known national firms, so we may have to eventually work with a smaller less well-known company to get our case going. But I think we just need to be resolute about doing something because there is considerable value in this company, and with a CEO performing even minimal fiduciary responsibility to shareholders, we should be trading many times where we trade.

DannyD has provided a number of suggestions, and if anyone has some inside connections with a corporate securities lawyer, that might be worth exploring as well.

I was answering the post to which you referred as you typed this...lol

I left out one key thought in my prior post to you. Where we are being harmed by this CEO-challenged CEO is in our inability to trade the stock for six years now at a price reflective of what the company is truly worth. This is the PPS problem to which you have referred. And the root cause of this problem is the absence of company information to shareholders. I would imagine that any class action would address that issue, since there are statutes in both Nevada and New York, whichever state applies, which require at least yearly reporting to shareholders. I certainly think that we could ask for it to be provided in PR form as part of the settlement as well.

Hi Ramspace and as always, thanks for your support.

I do not believe the attorneys would be allowed to buy shares in a situation like this, especially if we pledge shares to them as part of the contingency offer. I would imagine all of the upfront risk that is acceptable to them is their uncompensated time and research.

What normally happens in a situation like Cetek, where there's a CEO-challenged person at the helm and the stock trades at a huge discount to its actual worth, is that the shareholders band together and toss the CEO-challenged leader aside. Or a competitor in the industry or a hedge fund or well-funded individual decides to take a huge stock position, appoint their slate of board of directors and get the stock value to where it should be. Unfortunately, because Hilal has those preferred shares, he always has voting control and we can't toss him out. That's why we are where we are....it appears our only option is a class action lawsuit to bring some sanity back to our situation.

Penny, this is a good question which I have thought a lot about. And I agree with you that what needs to be fixed is the price per share.

I believe that we as Cetek shareholders are reasonable and fair people who were willing to take considerable financial risk for potentially large returns. We also understand that with small speculative companies that we can lose the entire investment and accept that risk. It is probably one in a hundred times that a long-term investment in a pink sheet stock actually has a favorable outcome. I would define "favorable outcome" as a situation where the company grows significantly, becomes profitable, and no longer dilutes the shares.

Usually, at the end of several years, a pink sheet company has been diluted into the ground, has no viable business and either is ready for the dung heap of pink sheet stocks or to reorganize under a new name and business. At this point shareholders have long recognized the error of their investment and have accepted a huge percentage loss of whatever money they invested. And they move on.

Cetek is a much different situation. It's now a twenty plus year old business which purchased two significant subsidiaries along the way, has 40 employees, several managers paid up to $150,000 per year, and has apparently grown from a couple million in sales to approximately 10 million in sales during six years of total silence to shareholders. In their recent web page upgrade, they acknowledged a major expansion of Hybrid-Tek. I would never say that Cetek has succeeded above the expectations that Hilal's early PRs portended. Those PRs with the 100% growth numbers and claims of his revolutionary technolgy were certainly overstated. But there is definitely a considerable degree of success here, and this is clearly not reflected in the stock price, and there is no question that is because of a lack of information about the company.

So what should our objectives be? I think as fair people, we would be satisfied with a stock valuation/cash compensation which reflected a reasonable market valuation based on the actual revenues/profits that Cetek generates. I have speculated several times that .002 to .003 seems like a reasonable valuation, assuming Cetek sales are actually approximately 10 million dollars. The actual fair valuation will depend on the attorneys extracting the information that Hilal will not supply to us.

IMHO the only way we could get to a valuation that high is through a stock buyback. If we received cash compensation for damages, then we might get three or four or five hundredths of a cent per share, but if you took the same amount of cash and bought back shares, then you might be able to reduce the float by about half and then the stock would have great potential (like a penny) going forward based on the ENFORCEMENT of minimal financial and significant events reporting to shareholders. The real potential here is to buy back a huge number of shares because it's an asset that is at least 95% undervalued.

A stock buyback to undo the horrible dilution Hilal wreaked upon us, and regular financial reporting to shareholders going forward is what I think would be best for shareholders and what I would recommend we pursue. But I haven't yet discussed this with the attorneys, and they are the experts on extracting shareholder compensation.

But the sad part about this whole process is that if Hilal had an ounce of corporate financial sense or common sense, he would realize that it is very smart to buy back an asset trading at maybe 5% of its value. And a few PRs to provide enough financial information about the company that the stock trades at some semblance of its actual value is a very small price to pay to avoid what will be an expensive litigation process for the company.

Penny, I have now talked with four reputable law firms and two of them seem like they are legitimately interested. Even so, it takes time for these attorneys to research the case and return calls with their other case loads. I can imagine they have a few new potential cases each day, given as many disgruntled shareholders as there are in this country, so this process takes some time. And we may have to look at other attorneys before we find the right one.

But there are plenty of underemployed attorneys out there and we will find one to prosecute this case. It's a matter of finding a firm willing to bring intensity to the case and get something done in a reasonable amount of time. So I think who we select is probably the most important aspect of this, especially with a contingency payment arrangement. We definitely don't want one who just puts it on the backburner indefinitely, and that's why I think offering some shares at enhanced values is an important part of the carrot here.

You may get your chance soon Krewlkat. Over the past month, I have talked wiith several law firms in depth about our situation. They all think we have a great case of fiducary neglect.

Right now, there is one firm which seems most interested, and I sent them a copy of our letter to the New York District Attorney to give them the needed background information. At this point I definitely feel that we can get a reputable firm to accept our class action lawsuit through a combination of contingency payments and a block of shares pledged by the shareholders.

Assuming the estimates by the credit reporting agencies are reasonably accurate and I think they are, because number of employees and revenues are available in a number of government documents, Cetek now has approximately $10 million in sales. I think you can easily make a case that Cetek shares should trade at 1-2 times revenues, possibly more, based on the high potential of the advanced ceramics industry and the rapid growth Cetek has experienced since 2006, when revenues were approximately 3 million a year. It is also clear that Cetek is generating positive cash flow, as there has been no dilution in over 6 years. As such, based on 6.1 billion shares outstanding, IMHO this stock should trade between .002 and .003 if we had a minimally shareholder-friendly CEO. If we had a CEO who had even an ounce of corporate financial training and sense, and would therefore have the sense to buy back shares of an asset trading at 1/20th to 1/30th of its worth, then we would have the potential for something really special. But unfortunately, that's not likely to happen with this CEO.

All I've ever wanted from Hilal is for him to provide some degree of disclosure of significant corporate developments and at least yearly reporting of revenues and income. Every stock should trade on the basis of shareholders knowing enough to make an intelligent investment decision of buy more, sell or hold. It is simply a neglect of fiduciary responsibility by the CEO and board of directors to allow a stock to tade at zero because they provide no information. We have been put in a position of zero liquidity in the stock, when one of the few advantages of investing in common stocks is that there is generally decent liquidity to sell it at a price somewhat reflective of its worth if we see a better opportunity elsewhere or if we need our funds for some emergency or basic need. This is simply wrong, immoral, and ILLEGAL to treat shareholders in this manner. And it is time to very publicly let everyone involved know that there are SOON going to be legal consequences for continued inaction.

Wow..I hadn't looked at the board in over and week and there's been a lot of posting for a change. And I see that some posters never change....lol

Anyway, I wanted to provide a quick update on the Murray Frank Law firm which prosecuted the Xybernaut case that DannyD mentioned. It seems Murray and Frank are in the process of splitting apart and it is very difficult to get anyone to return a call. I've talked to several attorneys who seemed sympathetic enough about our cause, but with all the turmoil going on at the law firm, I haven't been able to get calls returned and just keep starting from ground zero with a new person.

Since that seems like kind of a minimal requirement not being met, unless I soon have a completely satisfactory call with someone who seems excited about our case, then I think it is time to look for another law firm which will work on a contingency basis. Again, I don't think the lack of communication has as much to do with our particular case, as it does with the break-up of the law firm. The secretaries have been very apologetic about the situation and have told me that there's a lot of turmoil at the current time.

I have also contacted Cetek several times and mostly talked to Joan, although I did get another hang-up from Hilal...he sounds older and more tired to me as of late. On the last call, I explained to Joan that shareholders hadn't heard anything from Hilal in more than five years and that was no longer acceptable, that I wanted to speak with someone from Investor Relations who wasn't so childish to hang up the phone each time. And she told me to call back the middle of this week and that there would be someone there who would answer some questions. So it's the middle of the week and I will call again. Hilal has hired some expensive general managers in the last year, and hopefully I will get to speak to someone who knows something. And depending on the response I get, I will let them know that if information isn't forthcoming that a class action suit is on the way.

In the meantime, I think the more shareholders who call, it sends a message that we're not afraid to call and that we aren't going away. There's really nothing to lose at this point, and I intend to keep calling until I get some satisfactory answers about a shareholder update. In the meantime, I will be talking to other law firms.

Grogger, as I recall when we recently sent out the letters to the New York attorney general, a number of people who had voiced support for the idea, including yourself, dropped out of contact with the board. I was very concerned about your health at the time because I couldn't believe that as vocal as you had been about doing something, that you would disappear at a time like that. This was at a time when we had a chance, albeit small, of getting someone in a powerful position to at least let Hilal know that a powerful government agency was aware of how he was treating shareholders.

The NY Ag told me from the start that it would take a lot of letters and I let everyone know. But as best I know, you never sent a letter, and now, you're complaining about the people who tried to accomplish something. That's sad Grogger.

As for your idea of us shareholders gathering at Hilal's office, and demanding anything, that's just crazy. I guarantee that the only thing that will happen is Hilal will tell you to leave and then call the cops. Then you can either get yourself arrested or vacate the premises. So let's not hear that crazy suggestion anymore.

As far as the future, DannyD has the correct idea. We will have to launch a class action lawsuit against Hilal and his board of directors with a law firm willing to work on a contingency basis. Previously, DannyD and Ramspace provided us with a law firm willing to work on a contingency basis, and I have been playing phone tag since the first of the year with one of the securities specialists.

I will update the board before long with some details of a possible arrangement. Several large shareholders have already offered support, and I am perfectly willing to provide all necessary information to the law firm to get the case underway. We already have a pretty detailed document of our complaint, so that's half the battle accomplished. And it's not like it's a rocket science case, or that it will be tough to prove Hilal has totally neglected his fiduciary responsibility to shareholders. Probably the biggest issue will be who serves as lead plaintiff, but we will cross that bridge when we come to it.

But Grogger, enough with the complaints from someone who wouldn't even take 45 cents and mail a letter that was written for him.

Hi DannyD. We are on the same wavelength about the situation with shareholders and Hilal. There is definitely an element of evil with how he is treating the shareholders. And I'm glad to hear you have regained the fire in your belly to pursue this. When you think how little we have asked from Hilal in all this time, how he lured people in with his quarterly updates when he needed money, and then totally shut us out for six years now, anyone with more than a few thousand dollars invested is crazy to let him get away with this. He also has repeatedly lied to us about the "high" cost of updating the shareholders. It's less than $500 not 100k like he has ridiculously stated.

I still haven't heard back from "Sam", and it appears based on Ramspace's call and your call to Cetek, that the secretary has been instructed to provide bogus information to shareholders. She seems incredibly sincere and sympathetic to the shareholders, but I guess when your job depends on pleasing your evil boss, then you do what you're told to do. I will call her back on Monday and let her know that I don't appreciate being lied to.

And I think the time is ripe to pursue the legal route with Hilal. Before the last year or two, we haven't known enough about Cetek's current business or future prospects to be able to decide if it's worth us risking our time and money to pursue a class action lawsuit. As you will recall, I talked to a Nevada lawyer over a year ago who wanted $400 an hour to prosecute the case. He was not interested in a contingency. Unless we absolutely knew there was a pot of gold at the end of the litigation rainbow, then this was not something we could pursue with any confidence of a positive outcome or have the ability to convince an attorney to accept on contingency.

But at this time, based on what we know about revenues and especially the huge expansion at Hybrid-Tek, I think we could convince an under-employed securities attorney to take our case. We should be able to convince someone that if Hilal were providing full disclosure to shareholders, that our share price would be considerably higher, high enough to entice an attorney to take the case on a contingency basis with an offer of some aggregate number of shares offered by the board members here who wish to be involved in the legal action. We could probably offer him a substantial number of shares from members on this board and then have him subpoena a shareholder list from Hilal and get a whole lot more shareholders involved with an attorney letter to all shareholders informing them of the class action suit.

The fact that you have discovered a company which specializes in contingency penny stock cases is outstanding. That's exactly what we need, and exactly what the NY attorney general recommended to us.

I am not one who believes that Cetek is or will be worth dollars or even a penny. It probably could have been if Hilal had enough sense to buy back several billion shares for nothing. But it's pretty clear he doesn't have the sense to do it, and it's also clear that he has absolutely no intention of addressing the shareholders interests. At two times 10 million in revenues in the "hot" advanced ceramics industry, a reasonable valuation of Cetek appears to be about .003, based on 6 billion shares outstanding. And while I suspect that won't get most people back to even, I definitely think that's worth fighting for. Oh, and I definitely think that we win this case hands down because both New York and Nevada, whichever is considered the state of incorporation, has statutes requiring regular disclosure to shareholders.

Let's do it.

Thanks for calling and reporting back Ramspace. I still haven't received any call back from Sam, and the last time I called late last week, Joan answered and when I mentioned that I hadn't heard from Sam, she said she had a visitor and would call me back. But she didn't.

In my case, Hilal may have instructed her not to return my call, so that's nothing negative on Joan. That's why I wanted someone else to call and I appreciate you doing this. Hopefully, others on this board will call and see if we can find out what's going on.

I'm not discouraged to hear that there are some changes occurring. It's entirely possible that with these recent ads for general managers up to $150k in salary that some professional management is finally involved and that has to be an improvement over Hilal's seat of the pants operation where he did everything but sweep the floors.