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I was out today, and will be for the next several days, but got the use of the net tonight. I didn't see any news on Yahoo, etc. but did find the report on Pinksheet.com.
It's good to see some information from the company. While I skimmed it over rather rapidly and really don't have the time to go through it thoroughly. What I didn't see clearly in the report was the cost of all the ovens CTKH has built over the last few years. I'm not sure where this is accounted for, or if it's the reason that CTKH isn't showing a profit, rather than a loss.
To me, what's important is that CTKH has over $1 million available and little or no debt. If they're not building a lot of additional oven's, etc. this year, I suspect they could turn a rather large profit next year.
As I said, I just skimmed the report, but I'd certainly like to know if others believe as I do that the report doesn't really show that profits have been invested in the company to produce the new overs, etc.
All and all, I believe there are a lot of other stocks loseing far more, without products to sell, and having far less growth potential that are selling for substantially more than CTKH. If CTKH reported on a quarter where they were not building new ovens or acquiring other new equipment, I believe the quarter would show substantial income.
Gary
I'll continue to view todays announcement as positive if FH follows through as he indicates he would. To me it would be a negative if there is no Annual Meeting. There are a lot of Nevada Corporations, I believe most of them hold Annual Meetings, whether they must by law, or not.
Gary
Thanks Orangeman,
I'm happy to hear we have an interest in WTP. There are no guarantees, but if FH was honest in what was said about communicating more with us, and providing some real data, even if it's unaudited, he'll also tell us about WTP and what he's building for them at CTKH. I have a feeling it involves more than thin film ceramics.
I'll look forward to what he can say officially, I rarely call companies to attempt to get information that isn't publically available. I'll call for clarification of something that's been said, but I don't try to get information which should become public in the near future.
I don't know what's behind the move to Nevada, I didn't think their laws were terribly different. Haven't read to many posts yet, so if someone has already said I'll find it later. Otherwise if someone knows, speak up.
Gary
Hopefully Orange will see the comment and answer. I certainly hope it's CTKH that has an interest in WT, but I suppose we cannot prevent FH from taking an interest as long as he uses his, and not CTKH's money.
Gary
Penny,
Is FH supposed to have invested himself, or did he buy CTKH a piece of the company.
Thanks,
Gary
I'll agree that there should be a SHM based on incorporation rules. I suppose the question now would be, does FH put out a PR to announce it, or does he simply send information to all the brokerages to forward to their clients.
Gary
I think everyone here is waiting to hear something. Hopefully the reason we haven't is that FH wants to do it right, not quickly.
I'm talking about hopefully preparing what's necessary to move off the Pinks. The audits, the SEC filings, etc.
If he's doing that our wait will have been well worth it. It's possible it will be any way, but if CTKH is truly doing well, eventually they'll have to report, and when they do we should do very well.
People keep speaking about the Annual Meeting, I know in the couple years I've been involved that they have them. What I don't know is as a Pink whether it's a requirement any more than quarterly reports are. Clearly quarterly reports have been ignored, will the same be true of the Annual Meeting.
Gary
It seems to me that Jim Stock's name and phone number have been included on numerous CTKH PR's, etc. He may not be paid in cash by CTKH, but I have to believe that some of the stock he's holding was either provided by them, or he was permitted to purchase at a discount to the market.
JMHO.
Gary
I understand what Round is saying about the quality of our ovens and process. However, do we really know that no one else has figured out how to make media in the sizes and quality that CTKH can.
I really know nothing about the competition and its capability, does anyone else here really know that we're that much better.
Gary
Orangeman,
It's pretty clear that things move slowly when a Chinese company's working to trade on an American exchange, but I believe that's the goal. I don't have a lot of money invested, but if they're successful I should be nicely rewarded. If not, I can live with it.
As for the company, Eaglerise does have international presents and I may try to get by their facilities here in Los Angeles. Unfortunately they're quite a distance from my home and in an area that I have no other reason to visit, but I may try to go by anyway and check them out.
Gary
Penny, I've seen or been involved with other companies that did acquisitions and I don't remember ever seeing all the details. It's very different when one publically traded company acquires another, then everyone's invited to know.
I believe we're entitled to know far more then we do, especially if the company intends to move off the pinks, but I don't believe they must tell us anything that could benefit their competition, which details of an acquisition might.
Gary
Penny, we may not know all FH has done, but we know he bought Hybrid and we know he's add a lot of ovens to greatly increase his production capacity. All these things cost money, I'd say at least some of it came from the shares he sold.
Gary
I honestly hope the next information from the company is meaningful because it contains real data. At this point everyone would probably leap on anything from the company, and while as shareholders we might have our spirits buoyed, it will be greeted by a yawn from the street if it doesn't contain real information.
To me it's not critical to learn that CTKH has earned millions, but I'd rather see the fact that they actually earned so many tens or hundreds of thousands then hear where earnings are up 100% or more from last year. I'd like a real number, regardless of how small, though I certainly hope it's large.
What's important is not how much, but the fact that the company's cash positive, that it's growing, and that it will continue to grow for the foreseeable future. I wouldn't even mind if he said we made XX% more this year than last if at the same time he gave a firm figure for what he made last year.
I know round and others have tried to figure what the numbers should be based on figures that were reported years ago. The problem, I believe, is there are some quarters where assumptions must be made. It could be there were losses in those quarters, perhaps losses that were large, it just doesn't work unless you have all the numbers to build on.
Gary
Penny, I think you're right on the money there. Even if he tried to get worldwide coverage, once he put the information out there it wouldn't stop companies in many countries from copying it. What FH is doing worked for Coke, though I personally buy whatever's on sale, I know people who will only drink Coke, but also some who only drink Pepsi.
Gary
Penny, I certainly agree that no one knows what motivates FH or anyone else for that matter. I have heard something about FH that I believe influences him, it was that he was largely responsible for the development of the electronic calculator at Texas Instruments, and the credit was essentially stolen from him. I've gathered he's vowed to never let that happen again. I believe the Cetek Process that makes Cetek a leader in ceramics is the key to success that FH is carefully guarding. It's where he believes he'll get the recognition of his genius that he lost at TI. I certainly hope he's right.
Don't get me wrong, getting the financial reward for himself and his family is also important, and I wouldn't be surprised if they controlled an awful lot of stock. Even at current prices they're in descent shape, but they should be wealthy when FH builds the success he plans and gets the recognition he lost so long ago.
I don't know that any or all of this is the case, it's just the picture I've put together of what I believe drives FH. Why he's not openly discussing what he's doing, or releasing information routinely, I don't have any idea, but I do believe he has a plan, and if it succeeds we could all do very well.
Gary
Penny, I have seen it before and it was a great attempt but I don't really believe that FH has left a complete enough trail to really know what earnings were. One thing I'm reasonably certain of, if Round's estimates were accurate, and if they were substantiated with data from the company, even with the number of shares that are currently outstanding, I don't believe we'd be trading for under a penny.
I really don't know why FH doesn't want the share price up, but if I were guessing, it would be because he's buying back shares. If this were a OTC company, I know he couldn't do it as to stay on the OTC he must file quarterly information with data. The Pinks apparently have no real regulation, a person like FH can issue or buyback virtually billions of shares almost at will.
I know with stocks on the bigger exchanges there are rules regarding buybacks. I believe they cannot buy more daily than 10% of the average daily volume, and I don't think they can buy in the last half hour. I don't know if any of these restrictions apply to the Pinks.
If FH is trying to quietly buy back virtually billions of shares in a stealth way, so as not to drive the price up, it's clear that he can only do it a few hundred thousand shares at a time. I haven't looked at average volume in awhile, but I don't remember it being very high. Unless FH could privately buy back major blocks which wouldn't be counted in daily transactions, he'd probably have a hard time getting more than a couple million shares per day. If that were the case, attempting to buy back a billion shares could take years.
While I think a buy back, even a stealth one, is positive, I'd hate to have to wait for it to end to get news. Unless average daily volume is greatly increased, it would take years to buy back billions of shares. I don't think we'd get that much benefit from a buy back of a few hundred million shares, not with nearly 5 billion still outstanding.
I still believe that if FH produced the data for the last few years, if it showed the growth he's discussed over the years, it would bring the price above a penny. Once that's accomplished, revealing how he plans to further grow the company could drive the price substantially higher, if it sounded realistic. At a price of a nickle to a dime I think shareholders might support a small R/S that would bring the O/S down to the hundreds of millions, and the share price to near a dollar. At that point, moving to an exchange like the AMEX is possible, I'd hope we'd move to the OTC when data is initially revealed.
Gary
I remember FH saying that sales were up by xx% some time ago, perhaps he said earnings, the problem was determining what the starting point was. Being up 1000% isn't much money if you start at a dollar, but it's significant if you started with $100K.
The discussion of posting unaudited data might be positive, because a decision not to do it might be an indication that you're waiting for the audit to be completed. Of course it's also possible they don't like what audits are showing, and want to show less by delaying enough that they can drop an objectionable year. If I remember correctly, to make audits worthwhile, like to move to the OTC, they need to present 3 years. If there's something they don't want to show us, lets hope it happened in 2003 or earlier.
As I understand it the company is debt free. Over the last few years it has greatly expanded its manufacturing capabilities, in addition to adding the capabilities of Hybrid. I believe demand is in line with their ability to supply material, so it appears their growth is supported by demand. In short, if all these facts are true and properly documented, this company should be trading for far more than it is. The key words there are properly documented.
Gary
I know a lot of people here think FH is a liar. If he is, he's an awfully poor one as the really good liars usually become billionairs before they're busted. Just look at companies like Enron for them.
I believe FH intends to do what he says, but frequently is overcome by events. OBE is another way of saying it, I suspect many things involving CTKH are OBE. Perhaps in some cases it's because his legal advisor won't allow him to say what he wants to say, and he won't say what the attorney will allow. Perhaps in other cases it's because another company is virtually one signature away from concluding a partnership, acquisition, etc. but that signature never comes.
I believe FH is an optimist by nature, he believes he'll reach an agreement with the attorney on what can be said, or that the other company will finally convince all to sign. Perhaps someday it will happen. For now FH when he's quoted is telling someone what he believes will happen, it's just OBE.
Gary
King George,
I'd say the materials CTKH makes would possibly apply to use in a ceramic heat exchanger, but it's possible that the technology that CTKH has developed could work for the creation of turbines and other parts of a gas turbine engine.
As I remember the discussions when I was in school, they were talking about ceramic engines that had little of no metal parts. They were talking about them operating at temperatures that metals wouldn't withstand.
Honestly, I believe today the chances are greater of using their ability to withstand high temperatures in fuel cells rather than turbines. Gas turbines, even if they're nearly pollution free, would still create CO2 unless they're not using a carbon based fuel. If your going to hydrogen for fuel, you probably go to fuel cells rather than a gas turbine.
If we really want to slow global warming, reduce our reliance on foreign countries, etc. we really need to work on hydrogen as the first choice for fuel. Clearly we must be safe with it, but having water vapor as the exhaust is clearly the best choice that can be offered.
Gary
Orangeman, I totally agree that a profitable company would never issue new shares at the low level CTKH did, except for one possibility, they knew who'd be buying the shares, and wanted them to have them. I certainly don't know this was the case, but I believe it's at least a possibility.
If that's what happened, the question now is, why is the company not revealing what's happening, and elevating the stock price. I certainly don't know, but the one reason you don't discuss what's happening is if negotiations are ongoing, nothing is reported until something is concluded. If the conclusion is simply the termination of discussions, often nothing is said as nothing had been said about discussions in the first place.
Now if CTKH were a reporting company, ongoing negotiations would not prevent a quarterly report from being filed, it simply wouldn't say anything about the negotiations. As a Pink it seems like no rules apply, so FH does what he wishes.
I certainly have no idea what might be in negotiations. It could be anything from CTKH acquiring something, to being acquired. It could be a major contract to supply certain ceramics. Who knows? Virtually anything that costs or will bring in six figures or more could potentially be negotiated for months or even years.
While it would be nice to hear from FH, I'd rather go a few more months without it if it meant we'd get real data when he speaks, rather than another general statement indicating production and sales are up, but no real data you can sink your teeth into. Of course it's very possible that nothing will be said for months, and when it is it still won't have real data.
To me it would be very positive if FH committed to presenting data at the Annual Meeting, assuming he's still planning on having one this year. It seems to me a year or so ago he had said they were undergoing an audit, if that was true and it was completed, all he'd need to do is have it brought up to date for the time since it was done.
Gary
Thanks Bigpickn,
They still could have a place in our futures, yet it seems that fuel cells are where the emphasis seems to be placed for the cars of the future.
The real beauty of ceramic turbines is not only high efficience, it's also the fact that you can put a tremendous amount of power in a very small package. It might work very well in a hybrid vehicle.
Gary
Orangeman, back over 40 years ago when I was in engineering school ceramic turbines were being discussed as the answer to many of out problems. They would operate at much higher temperatures, run far more efficiently and nearly be pollution free because of the more complete combustion. Properly engineered, they were also thought to be able to handle virtually any fuel. They were thought to be five to ten years away.
Of course back then, clean, cheap and safe fusion energy was thought to be a sure thing for providing power by the year 2000. Now I've heard some people saying it can't be done, and others who say we've not spent enough to try to do it. I know fusion's been achieved, but not sustained fusion. While controlled sustained fusion would be most desirable, it's possible that the temperatures it creates makes it impossible to do. The answer may be pulsed fusion, but I don't know if it's even being worked on. I'd be interested if anyone knows more.
I don't know if Cetek's technology could lead to cheaper ceramic gas turbines, but if it did, that could be big in time, but I think it will take substantial time to make it happen.
Gary
Doesn't anyone believe that when Eaglerise is rolled into MDOR we'll find we really own shares in a rather big lighting company that happens to have mining claims.
I really believe that the Sun's are positioning the company for a major offering that's announced simultaneously to the presentation of their books. If the books show that they're earning millions a year, growing the O/S to say 20 million would still say the company should trade in double figures at reasonable P/E's. I certainly don't know that they're earning millions, but I'm certainly impressed with the product line they seem to be making, it could certainly make millions.
I don't know that this will happen any time soon. Given the governments that are involved, this could take a long time, but when it's done, it could be very worthwhile for those who are willing to wait.
Of course I could be totally wrong about this. If you think I am wrong, I'd like to know your reasons for holding the stock if you are. The good news is, if I'm right, not only will our share price go through the roof, they'll also get the funds needed to develop the mine out of the offering.
Gary
Orangeman, is that the PR company that was supposed to be doing some work for us? I certainly don't know anything about them. Five companies come up when you do a search for Wilson, there was little information where I looked for them, but I don't know if any are the company you're referring to.
Is it a publically trading company, if so, do you know its symbol.
Thanks,
Gary
King George, as I remember that time, there was a lot of positive information about CTKH floating around then. JMHO.
Gary
Orangeman, I really don't remember it that way. I can remember people on the RB board totally shocked when the O/S suddenly rose by billions. I could certainly be wrong, but I doubt that a company could put billions of shares into the open market without investors realizing it. I believe those shares are largely in the hands of people who bought them directly from the company. It would not surprise me at all to find that many are totally controlled by FH.
I was very new to CTKH at the time this was happening so I'm judging by the reactions of those who were in the company for awhile. If FH wanted to assure his control of the company, what better way then by issuing billions of shares at bargain basement prices to people he knows.
Gary
King George,
I wasn't suggesting they borrow the money, what I was suggesting is that they open the books, reveal why they were a good investment, then do a properly run offering rather than a private placement of billions of shares.
I believe if the company had been open about what it represented back then a price in the pennies, rather then fraction of pennies would have been possible. If the stock price had been in the pennies, tens or at most hundreds of millions of shares would have been needed to generate the needed cash, that would have been far better than the billions that were privately placed.
Gary
King George, the problem I have with FH is in the past, when he did sell billions of shares he appeared not to have done anything to boost the share price. In fact, I believe he was pleased to issue billions of shares to people he knew, people who's shares were largely under his control. To me, this isn't looking out for the interests of the average shareholder.
I believe at some point it will be in FH's best interest to dramatically raise the share price. I hope that time isn't to far off, but clearly he's in control. Until such time as he presents data, discusses the company with us, establishes some short and long term goals, etc. the stock will only languish as it has been for months.
I still believe that tremendous potential exists here, but only because I believe what others have said about the company's capabilities are true. If they're really not producing very high quality ceramics, all bets are off.
Gary
CTKH profits have long been rumored, but dismissed by many because of the additional issued shares. They actually are very possible.
Let's say CTKH was making a million dollars a year. Let's also say CTKH had determined that they could sell four times the material they were selling in one year, if they had the capacity. Finally let's say the ovens and other capabilities they needed would cost $5 million.
In spite of making a million in profit, they would have needed four million in financing to pay for the expansion. It's very possible that new shares would be issued.
What's sad if this sceanario is true is that if CTKH had released data showing it made a million, the stock price would have gone substantially higher, and far fewer shares would have been needed to be issued to raise the needed funds. I suspect the reason such information wasn't provided is because those shares were placed with friends of FH, and they wanted as many shares as they could get. From what I gather, it's the sort of thing that happens on the Pinks all the time.
Gary
Orangeman, I don't know that's completely true. As I remember it those who attended the 2004 Annual Meeting reported on things like providing audited data that would permit moving on to the OTC and even some discussion of DisplayTek. As I remember the discussion FH went far beyond what the attorney wanted him to, mostly at dinner after the actual meeting, but the minutes of the meeting did not reflect what several people indicated was said.
I won't say that some of the claims people have made didn't go beyond what FH may have intended, but I believe the reality is he really intended to do more than he could get accomplished. I believe most senior management think they can do far more than normally can be done, but eventually all that they plan on doing will get done, if they don't change the plan.
I would very much hope that getting on the OTC is still FH's goal, and hopefully this year is his target for doing it. If so, and if he's serious, if he doesn't issue a PR to us, the next thing we might see are his SEC filings, that could be huge. Once he actually files with the SEC, I believe he'd be operating under a Quiet Period they recommend during such filings, but all he files with the SEC would become available to all, including answers to any questions from them. I believe that would truly answer nearly all of our questions as well.
Gary
Orangeman, there are many times where you're working on something where a confidentiallity agreement, or just the gest of the negotiations, prevent you from saying anything until it's successfully concluded. Of course if negotiations are terminated and no agreement is possible, you probably say nothing. I've known companies that negotiated for well over a year before an agreement was successfully concluded.
Certainly FH could have said something over the several months without revealing anything that confidentiallity prevents, but I frankly think he's gotten tired of the criticism he receives on practically everything he says. The key as always is hard data, and that can only come when FH is ready to do it. I suspect it will come when he's seriously ready to move off the Pinks, I just hope that's in the next year or so.
I'm not certain as a Pink that he must hold an Annual Meeting, but I suspect he will. While I'd hope we get information before that, if we must wait I'm sure the meeting will be interesting.
It would be great if the next announcement was the conclusion of a major partnership, etc. that he may have been working on for some time. It would be even more positive if it came with a commitment to provide the data needed to move to another exchange.
Gary
To be honest, I wasn't involved with the company back when those trials were run by LOCH, I doubt you can put much faith in what was said. I do believe the technology can lead to mine detection but further development is required as I understand it. I don't think there are many minefields around Tucson, but if a proven unit is produced, our armed forces as well as others all over the world will be very interested.
I've been told by someone in a position to know that satelites could locate pipes underground. I suspect that they may also be able to find mines and even IED's. The problem is they can easily position IED's in a manner of minutes, the satelite passes are infrequent and it takes time to refine the data. Furthermore, I don't believe the satelites can broadly scan an area, they must zero in.
I'm not saying this capability already exists, just that it could be developed. To me the key would not only be to create it, but to permit it to scan broader areas, and to be done from syncroneous satelites that could be parked over a trouble spot, like Iraq. This capability, I believe, is a long way off.
For now, devices of the type that CDEX is working on may go a long way toward improving our security, but don't expect them in the field this year.
Gary
Crow,
I may not have expressed it well, but what I was trying to say is the device doesn't have to identify the concentration of the explosive, just its presents.
In the ValiMed devise concentration is very important. As I understand it many of the mistakes that have been made in hospitals involve giving the right drug in the wrong concentration.
If a security device alerts someone to the presents of something explosive, an inspection can determine if it's a real threat or someone holding something like nitro glycerin pills. What's important is establishing the kind of security that people will acknowledge when they are trying to ship something hazzardous so it can be properly handled, as long as it's something legal. Clearly what's prohibited should be confiscated.
Our security was recently found wanting not because it didn't find radioactive material being brought across our borders, it did find them, but after finding the material security accepted the forged documents as proof the shipments were legal. Clearly we need a documenting and tracking system that isn't so easily fooled. As I understood it, Congress authorized a test of security where seven attempts were made to bring radioactive material across our borders, all seven were detected, but all seven were permitted in based on the bogus documentation they carried. Clearly we have to do better.
Gary
It seems to me that there are some misconceptions about the various type of devices that CDEX is working on. A device like ValiMed must detect the composition of a sample very precisely to determine that it's precisely what the Doctor wants.
A device that's intended to find something like explosives, etc is not concerned with precision at all. It's important such a device doesn't produce false positives, but if it identifies something that could be dangerous, does it really matter that it doesn't identify precisely what it is.
While some of the same technologies may be used in both devices, I'd expect there would also be some major differences.
I don't know how close CDEX is to announcing a product that's ready for sale for security purposes, but I believe it will happen. Likewise I think they'll have a product that can detect counterfeit liquors, perfume, etc in the not too distant future.
While I wish that CDEX could find the answer to protecting us from all sorts of terrorists, I believe the reality is you have to be lucky as well as good. A device that identifies explosives is worthless if it's not where the explosives are being planted. Higher security at our airports will mean nothing if the next attack is on a bus, train, ship, etc. I don't think it's possible to scan all possible targets, but removing the riskier ones is a step in the right direction.
Gary
It seems to me that a few people have posted about being in a quiet period. While it certainly feels like we are, if we are I believe it's self imposed.
Normally quiet periods are required or advised at certain times related to SEC filings which generally are disclosed to the public. In that we've seen no new SEC filings, I'd be very surprised to find that we're in a Quiet Period that's advised by the SEC.
Fayiz has been heavily criticized every time he issues a P.R., prehap he's simply decided not to issue P.R.'s until he either has something that must be shared with investors, or until he has something that will clearly excite investors in a positive way. He couldn't do this if this weren't a Pink, but many things can be done by Pinks that can't be done by others.
Gary
Orangeman, I never suggested a R/S while the company was sub penny, I suggested building the share price substantially, at least a dime. If at a dime a R/S could put the company on a bigger exchange, I think investors could support it.
As you know, a dime would give CTKH over a 500 million market cap, while this may sound like a lot of money, with a P/E of 25 it would be based on earning $20 million. With the capacity that CTKH seems to be building, I don't think this is too astonishing a number. Of course in an industry that's growing as fast as this one is, a higher P/E could easily be justified. Using the same logic, earning two million should make the stock price a penny, that's a healthy move from where we are today.
Gary
Penny, I agree, I'm currently involved with a R/S in another stock I own, MAGR, but it's also a case of being acquired by a company looking to go public. We've still not seen their financial, but I believe it could still work out well in spite of the R/S.
I've seen many R/S's in the past, most have been killers, but sometimes when they're done at the right time and for the right reason they can lead to much success. I believe the key to success in R/S's is to first show success in the company, raiseing the stock price substantially, then do an R/S to achieve a price that permits movement to a major exchange, like the Nasdaq.
Gary
Ceteksevenmillion, I hope you're wrong about dilution as at these prices it would bring in so little money. If CTKH isn't making an acquisition, I see little reason for spending billions of shares, especially if product is profitably being sold.
Of course we've not seen the books, but we've been told that production is up substantially with the new ovens, we've got to believe they're selling what they're producing, so there should be earnings.
I believe if Fayiz were more open the price would be substantially higher, if you're going to issue more shares, this is very desirable. I don't know what's behind a quiet period, if it were because of a filing with the SEC, we'd see that filing. The only time I'm aware that companies are advised to maintain a Quiet Period is when certain actions are being undertaken with the SEC. I believe Fayiz is just getting tired of the criticism on most of his PR, so he's teaching us not to criticize. I don't believe it will work as there are people who would criticize anything he might say.
If he's serious about being a reporting company, at some point he'll have to report, once that happens he may lose some control, but what he owns will be worth far more than it is today.
To my way of thinking the number of outstanding shares isn't critical, once you've exceeded a billion there's probably going to be a point where a R/S is needed. To me, that point is when the price has grown to a point where a R/S that is no worse than say 50 to 1 would bring the stock price to a level where it could move up to the Nasdaq, or at least the Amex. If the shareprice were at a dime, a one for fifty would support a Nasdaq listing, and I believe shareholders would support such a move. The key is getting the share price up to a dime first.
Gary
Dr,
You certainly could be right. On the other hand if CTKH has really been doubling its production capabilities each of the last few years and has customers for all it can make, I've got to believe earnings are increasing substantially.
By staying silent, perhaps FH is gradually buying back some of the outstanding shares at these bargain basement prices. If he were to reveal that, the price would immediately go up, and he could no longer do it. I'm not saying this is happening, just that it's a possibility.
I don't believe it would be possible if the stock were not a Pink, but when it comes to Pinks, it seems there are few rules that apply, and even if there are rules, it seems they can frequently be ignored without getting in trouble with the SEC.
Nothing would please me more than the company providing the data needed to move to the OTC, that would be a huge step ahead. I don't know how high the stock price might go, a lot would be determined by what's in the data.
I've said before that if investors made substantial money, say getting the share price to roughly a dime, I believe they would support a R/S if it were clear it was being done to move on to a major exchange. At that point a one for fifty could put the stock on the Nasdaq. I'm not saying it will happen, just looking at the possibilities.
Gary
Ram Space,
From everything I've read it appears to me that CTKH keeps investing in increasing its production, improving production by making the ovens both larger and faster. I've been an investor for about two years, in that time if you believe whats been said, they've doubled and redoubled production.
I don't know what they're doing this year, but if they ever stop growing I suspect they'll have a lot of cash available to use for other purposes.
We all know that they have built ovens for others, so besides making ceramics, the building of these special ovens should also be looked at as a profit center. Again, I've not heard anything about building more ovens for others this year, but I tend to believe that it too is an ongoing activity.
I believe they're running out of space in the current building, though I believe they have room to expand. The question becomes, do you grow the company bigger here in the U.S., or do you do what most of American Industry has done and move production overseas. To me, the key is the Cetek Process which provides a quality product at faster speeds, I don't know it can be as well protected overseas, but eventually competitors will no doubt improve their own processes with or without Cetek's help.
Gary