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My source for the naked short comment was an individual who used to work for the MMs, and has heard it from them. At the time the naked shorting took place none of the other companies were complaining either. And it has done them zero good. Unlike them, FH has saved his company through outstanding leadership and vision. And NO apology is required when a man does what MUST be done to save his company as long as it was not illegal or out of malice (like your endless attacks against him).
No one is saying that the R/S wsa not a terrible thing for many. I am NOT saying that it did not hurt the shareholders. And I am NOT saying that some were not damaged beyond recovery. And that is a tragic thing.
What I AM saying is that the R/S was 100% necessary. It could NOT be avoided. And if he had NOT done it, without a doubt, the company would have gone out of business by the EOY '03. And if that had happened NONE of us would have had a chance to prosper.
As for being a preacher, the facts speak for themselves. And I can assure you sir, YOU ARE NOT MY JUDGE.
And as for you outragious comments about my finnaces, I did not borrow a single dime from my parents to inveest in the market. But I did use my inheritance for it. And since it is MY money and not yours, I suggest that what I do with it is NONE OF YOUR BUSINESS!
As for me working, I have worked every day of my life for over 40 years, and it was honest work, unlike being an attorney.
Dunkj You are COMPLETEY missing the point. The man has had authorization to sell 8+ billino shares of over 3 years, and rather than indiscriminately sell them all, he sold just what he had to, and while he was doing that he bought back 300 million shares when the pps dropped down around .001 so that selling the 600 million would not hurt as bad. He has demonstrated an absolute commitment to NOT selling shares unnecessarily. And all the members of the board can do is trash him for his efforts. But every one of them will gladly run to the bank when their ship comes in. And I dare say not one out of ten will ever stop to thank FH for making them rich. And most of them will still be trashing him as they spend the money he made for them. Such is the TOTAL lack of character of most of the shareholders in this company. The vast majority of them are ungrateful, selfish and completely business ignorant to the bone.
FH lied about the Buyback? Well then what were the 300 million shares he BOUGHT BACK? Chopped Suey?
The man committed to buy back 500 million shares, and he only bought back 300 million. Big deal. He did it against the advice of his counsellors.
He bought back when possible to lower the float, KNOWING all the while that he was going to dump shares on the market. But he bought them back anyway.
Do not let queenies lies mask the truth here. HE BOUGHT BACK 300 MILLION SHARES. Nothing queenie says can change that. So what if he sold more? Big deal. What do you think he could have done to complete his business plan without the money from the sale of those shares?
You people amaze me.
FH has done things that no man in the history of the world has done. He is a genius. And he needed money to complete his plan. Where do you think money comes from in the business world? Bank, Shares and profits are the only major ways I know of. Banks would have laughed him out into the streets, there were no products, customers of revenues, so profits were out. That left selling shares. Bottom line, he had to sell them. Period.
If he had run the company the way you and the others on the boards had wanted him to, he would have had to close his doors three years ago.
I have a question for you: How much money can you get for selling shares in a company that is out of business?
Pennyworld If FH had not done the R/S we would not be having this conversation because CTKH would be flat broke and out of business. If you cannot see that, I cannot help you. Nothing could be more obvious. No cash, no revenues, no ovens, no products, no customers, no R&D, no acquisitions. What do you think he could have done to keep the doors open, for goodness sakes? Sell nano pets?
Dunkj Major move is a ralative term. The simple act of putting out a nothing PR last December moved the pps from .0012 to .0022. It was enough to make me lose 665 of my buying power on my reintry. I consider that a MAJOR loss when I think of what the pps will be in the future.
I do not like FH's silence any more than anyone else. And I personally think he is handling his PRs like a novice. And I have told him so a dozen times. But it does not affect my commitment to the company.
Now, if a year from now he is playing the same games, I will have to reconsider my position and my commitment to holding long.
orangeman3 Who are you today? If you are queenie again, then you and I have had 2 conversations on the phone (one initiated by you and one initiated by me) both of which ended up discussing the possibility of suing FH and CTKH. I am certain I can pull up the dates and times if it were absolutely necessary in one of your courts. I might even have a recording of the first conversation.
If you are not queenie today, then we have not talked.
If CTKH goes even to a penny you will not care that you got in at .0035. It went to .0074 on nothing. The news that could be published would easily move it to that height or beyond, even without financials, IMHO.
IMO, it will not take the financials to move the pps. But it will take news. Financials will be required to maximize the move.
And in FH's last report he said, "Slight weakness in Hybrid-Tek and Cetek's revenues was experienced for the period. The slowing in Hybrid's revenues is of a more seasonable nature and that could last another two quarters, and is not expected to be a long-term trend."
That is a FAR CRY from stating that HTI is draining CTKH's resources.
If I recall correctly there were 6 ovens online as of the 2004 SHM and they were in the process of building 6 new ones that were to be online by EOY '04. That would make 12 old style ovens valued at approx $200K each. And it is my understanding that that they now have at least 4 of the new high capacity ovens online. We do not know how much they cost. I have heard estimates of between $500K and $1 million each but have not been able to confirm that.
Dunkj, queenie is either lying now or he lied to me last year. He told me on the phone that he had lost $250K with the R/S. Now he is saying he lost nothing. He cannot have it both ways. He is lying about one or the other. And then of course there is his on again, off again acknowledgment that he is the one an only queenie in the first place. One minute he is, the next he isn't. Next thing, he will be denying that he is "Eric the Great" and that we had two phone conversations in which he attempted to convince me to sue FH. (he, of course, was going to be the attorney on the case. Guess that is how he planned on making back his quarter of a $mil)
Where in the world did you get the idea that HTI is a drain on CTKH resources? To my knowledge, they are actually making CTKH money, NOT draining it of its resources. And they have introduced CTKH to numerous big hitter companies that may have need of CTKH products in the future.
Having a near break-even quarter or even two in a row is NOT the same thing as being a drain on the parent company. And even those down quarters were not in the red. They simply had lower revenues than the previous quarters. Almost all companies go through such changes throughout the year.
As for me hoping for the financial figures, that hope was based entirely upon the possibility that they were going to make it to the OTCBB by EOY '05. And I did not base my trading decisions on that hope.
Apparently the difference between you and me is that even though I would have liked to have seen CTKH put out figures, I was NOT basing my confidence in the company on those figures. I have posted numerous revenue estimates on the boards of my opinion of where CTKH revs are. IMHO, those figures have been based upon solid information, and they have convinced me that CTKH is where I want to put my money. I do not need the financials to convince me. In fact, as it turned out, I am glad FH did not put out the figures. It allowed me to buy in at .0009+.
I have "confidence" that the company is solid, the investment is safe, and FH is going to eventually publish all of the information we will need to see this thing move.
I do not have an absolute "hope" that he will do that near term.
What I know for sure is that he will do it in his own good time.
I bought in at this time in anticipation of the next two PRs being positive. But I will not be surprised at all if we do not see financials until they move to the OTCBB. In fact, I do not expect them until then.
let's see if I have this right...You do not have any faith in the company...but...you have taken such a loss that you cannot afford to sell...but...you have no faith in the company to make up the loss...but...you have taken such a loss that you cannot afford to sell...but...you have no faith in the company...
Do I have it right, yet?
As for FH selling billions of shares with 0 assets...Duh, if he had the assets, he wouldn't have needed to sell the shares to raise money to buy the assets, now would he? I don't know how to break this to you, but all companies sell shares to raise money when they do not have the assets to raise the money through conventional financing channels. And of course the distinct advantage of shares is that they do not incur debt.
As for the R/S, much of the dilution at the time of the r/s was due to MMs naked shorting. They were trying their best to drive CTKH in the ground. And FH, MASTERFULLY avoided bankruptcy and saved his company via the R/S. Now maybe you think that is something he should apologize for. I do not. IMHO, if he had not done the R/S he would have had something to apologize for - fiduciary irresponsibility. It was his only chance of saving the company, and he wisely took it. I would have done the same thing. And if you wouldn't have done so, you would not have been much of a CEO.
As for my comment about taking it like a man...I mean simply that you take the dissappointment...suck it up like a man, and get on with your life. I went through a R/S with APBH and lost a bundle, but you have never seen me on their board bashing non-stop. I lost 48% of my money with CDVJ, and another 70% with CTKH, and 50% with AMVS, and you have not seen me crying non-stop on their boards.
In the case of CTKH, getting on with it could have included buying CTKH at .0001 and .0002 in mid 2003. And doing so would have resulted in a full recovery of the losses experienced in the R/S. The recon group did it...others did it...queenie could have done it...and I suspect he DID do it...but still bashes because he is totally void of character.
Dunkj Just out of curiosity where do you think CTKH would be today if FH had NOT done a reverse split? Let's see, they had one old style oven, no new ovens, no customers, no revenue, no profits, no money in the bank, no credit line, no colateral, no MOT prototypes, no R&D money, no products, no FPDs, no DT, no contracts with MOT, GE, IBM, or any other large companies, no HTI, no heat exchangers, and oh, yeah, the MMs had naked shorted the snot out of the stock and the float, real and otherwise was somewhere in the multiple billion share range. Hmmmmm. Gee, what, in your learned opinion, based upon your obvious many years of experience in such matters, would have kept CTKH from going out of business by the end of 2003?
And BTW, queenie was not the only one on the boards hurt by the R/S. He is just the only one who wasn't mature enough to take it an adult and get on with his life. And BTW, he could have made up all of his losses plus a VERY healthy profit by now if he had taken advantage of the low prices in 2003 and the .007 in Jan '04. He simply wasn't smart enough to do it. He would rather WHAAAA WHAAAA about it everyday for 3 years. VERY INTELLIGENT MATURE APPROACH.
Let's see...when I support the company I am a pumper, when I say anything negative I am a basher. When I write FH letters and e-mails I am interfering, when he writes me e-mails he is manipulating me. When I say FH is a liar I am a traitor and a basher, when I say that I do not consider the lies important I am being played like a violin. When I believe what JS and FH and my other sources tell me I am a fool, but when you believe what queenie and his buds tell you, you are being wise investors. When I believe what I have seen with my own eyes in PRs and various documents and web sites I am being duped, when you guys read something on a web site in Siberia, you have finally learned the truth. When I point to PR and tell you to read between the lines I am being played by FH, when you read the same PRs and finally find proof that it was there all the time, you are the greatest DD researchers of all time. When I go to NY for the shareholders, I am actually doing it for myself, but when I don't get what everyone needs, I tricked those who sent me and took their money under false pretenses. When I stated that we could sue FH for the info, I was threatening FH, but when I didn't follow up and sue I was a wimp and caving in him. When I tell all that I know, I am just trying to get attention, when I hide what I know, I am being selfish. When I withhold the DT document I am protecting FH, when I don't publish the DT document I am protecting FH. When I say that I believe FH I am his lacky, when I say I don't believe him, I am attacking him. When I say I am swinging CTKH I am unfaithful, when you hold, you say you were tricked and made the fool. When I sell I have deserted, when I bring the money back, I am stupid for buying back in right now. When I buy in on rumors I have heard of a PR I am being suckered by JS and FH, when I don't buy back in on rumors you have heard of a PR I am a a fool who is going to miss the boat.
ROTFL
You guys are pathetic.
Do you REALLY think that is what I am talking about? REALLY?
Enron was lying to cover up illegal activities. FH is not.
Enron was lying for personal corrupt financial gain. FH is not.
Enron was breaking multiple SEC regulations. FH is not.
Enron was doing things that were destined to destroy the company. FH is not.
Enron was doing things that were going to totally destroy all shareholder value. FH is not.
Enron was lying in the hopes that the truth would NEVER come out. FH lied so that he could complete his business plan.
THERE ARE NO REASONABLE COMPARISONS BETWEEN ENRON AND CTKH.
World Com is an other example of the same.
BUT I made money off of World Com and would have made money off of Enron if I had paid attention.
I am a minister of the Gospel of Jesus Christ. I think that I have a reasonable grasp of the value of TRUTH. It is primary in my life. YET I do not have ANY problem with FH's deceptions. I see them as part and parcel with his responsibility to his company and his long range business plan.
IMHO, we simply asked FH questions that (at least in his mind) he could not answer without hurting his business plan. And he lied to us, rather than telling us the truth. Am I happy with that? Of course not. Would I have preferred that he simply answer our questions with a "no comment." Of course.
But he didn't. He chose to lie. Were they significant lies? You will have to decide for yourself. For me, because I have done my homework, they are ALL a NON-ISSUE. IMHO, they have not changed my perception of the value of this investment one bit. In fact, once I found out why he lied, I have bought more, over 10 million so far, with more to come.
IMO, the constant crying on these boards about this issue is unprofessional and childish. It is really quite simple, if you like this company with all of its faults, invest in it. If you do not like it, then for goodness sakes, take your toys and go home. And leave the rest of us to play the game. But don't stand around on the play ground crying like a little baby, because FH is not playing by your rules. It is HIS game. Learn his rules, and win.
If you have something material to offer that will help us make a good trading decision then offer it. But if all you want to do is WHAAAA WHAAAA then shut up. If you were a child, I would have already spanked you and sent you to bed. This is the real world, folks. And continuing to cry like a bunch of little brats is embarrasing to watch. Grow up or get out! I don't care which one you do.
geoly if you ask ANY CEO, including you, the right question at that right time, and you will get an lie in response, if telling the truth at that time will hurt the company. A GOOD CEO thinks of his company LOOOOOOONG before he ever considers the immediate needs of the shareholders. And if he EVER places the needs of the shareholders above the needs of his company, he should be replaced.
Sometimes the only reasonable response to the nonsense that passes itself off on these boards as intelligence is total sarcasm. Anything else would give the foolishness too much dignity.
I actually took the trip because I had never seen NY, and decided I needed a vacation. So like any good preacher, I took up an offering and spent it all on myself.
I realize that this will come as a COMPLETE shock to most of you, but EVERY CEO looks at the shareholders as his company's own personal piggy bank. That is what selling shares is all about. It is and always has been a way for a company to raise MONEY. Duh. And all this time, you thought that it was a way for the company to spread their wealth around, out of the goodness of their heart.
yeah no doubt about it, FH is getting RICH off of us one tenth of a cent at a time. I'll bet if you call his office his sect will tell you that he has gone to Jamaica to spend all that money. Shouldn't take long. He should be back next week dumping another 5 billion shares at .0001 so that he can afford a trip to Disneyland.
pennyworld, just one more thing. It is obvious to me that you and queenie were made for each other. Enjoy yourselves.
pennyworld Is there no end to the nonsense on this board? Would you mind telling me HOW IN THE WORLD the financials could have been terrible, given the fact that FH had already gone on record in his PRs that they had completed 3 or 4 PROFITABLE quarters in a row? Not just good quarters with revs, but PROFITABLE quarters. You seem to think that is some SMALL accomplishment. That is hard enough to do when you are listed, but it is UNHEARD of for a pinkie. The thought that the financials would reveal that the company was in trouble NEVER ENTERED MY MIND FOR A SINGLE SECOND.
And as for dumping BEFORE sharing the data, I think that I have proven my integrity to the boards. I have NEVER taken advantage of my information to date, and I would not have done so then. There is more to life than "self preservation." There is something called character. I realize why that might surprize you since there is so little of it on the boards.
Now if you do not mind, I think I will lurk for a while. Your constant negative foolishness has finally worn me out. I thought the idea of the private boards was to make an HONEST flow of information available. I see from your posts and those of queenie and his ilk that i-hub is really nothing more than a private bashers club.
I do not have time for that kind of foolishness. It is worse than useless. It is self destructive.
Queeine My "queenie meter" is indicating toxic levels or lies. So it is time to put you on ignor for a few days. I have had all of your lies and nonsense I care to read for a while.
queenie You can believe what you want. I got a can of pistacchios (sp?) Big deal! As always, you are still majoring on minors and missing the big picture. No wonder you lost $250K. It is all quite clear to me.
BTW which is it queenie, did MOT get their money or not. You constantly talk out of both sides of your mouth. One minute MOT didn't get paid, the next minute they did.
And I would match my record on these boards against yours ANY DAY, except that true to form you constantly lie about my posts and think you have proven something. So there is nothing to be gained by talking to you about such things. I have better things to do than argue with a fool.
Pennyworld, it is very simple...
I had already become convinced that CTKH was an excellent investment. As a result, I had put every dime I had in to their stock. Going to NY and getting the financials would not change a single thing for me. At the very best, it would have affected the pps in a positive way. But since, at that time I was not serious about short term swing trading, it would have had zero affect upon my own financial situation. Even if the pps went up, I was determined to hold to maximize my profit.
However, I had started the PennyFever board, and I was one of the leaders on the Raging Bull board. And there were hundreds of posters (shareholders and potential shareholders) who were not as comfortable with CTKH as I was. And as a leader, I decided to do what leaders are supposed to do, lead. I therefore volunteered to go to NY to gather what information I could.
My objective was to shut the mouths of posters like queenie and his lackies once and for all, and put an end to their endless lies and misleading posts.
I had researched the Deleware laws and was convinced (and remain so) that we could have prevailed in the courts, EVENTUALLY. And conversations with JS regarding the legal advice given to FH by RL led me to believe that I could prevail without taking further legal action. I was wrong.
Once I arrived and was stonewalled by FH, in spite of RL's advice to him, I became convinced that he was willing to go to court to prevent us from getting the information we wanted before he was ready to give it. And when I saw the D & B report that listed a dozen or so court cases involving CTKH, all of which had been won by the plaintiffs, I realized it was hopeless. Even the people who had won judgments against CTKH were still waiting for their court ordered settlements. Some of them had been waiting for more than 3 years.
It was obvious to me that FH could delay us for several years just getting the initial inevitable judgement in our favor. But then what? A judgment is useless if it is not enforcable. And that one would have been, for several reasons. First, it would have required a second court case that could take a couple of years more to get a court order forcing FH to honor the first court order. And even then, it occurred to me that FH could simply give us the info that applied on the date of the original judgment, and that would be useless to us. And to get the current info, we would have to sue him again, and go through the process all over again.
By that time, FH's own best interests would have resulted in him releasing all of the information. So why waste the time and money?
Well, it is true that in my rush to get to Vegas to hear all of the GREAT news about CTKH, I accidentally left my cash at home. But I managed to somehow get by with plastic. Made it all the way there and home again. Go figure. And from what I saw, leaving your cash at home when you go to Vegas is not the dumbest thing one can do. Bringing your cash to Vegas is even dumber.
The question is not how much you bring? The real issue is how much of what you brought with you, did you take home?
queenie you are certifiable. I have read many insane posts on these boards but you non-stop pack of misleading lies win the prize.
king_george. Just tell it like it is...queenie constantly misrepresents the facts about this company. If CTKH was a listed company, it might be possible to have his lies investigated. But since it is just a pinkie, no one at the SEC cares how many lies and misleading statements he tells, even when they undermine shareholder value.
queenie, if receiving a Christmas can of nuts from a company is wrong, then corps like microsoft, Ford Motor Company, and thousands of others are in a world of hurt. Because they routinely send Christmas gifts to employess and certain investors every single year. You just have to be special. I am, and you aren't. It is just that simple.
bigcue, my posts are a matter of public record. But if you think I am going to go back a year to find one about a can of nuts, you are nuts.
bigcue I did mention it, when it was appropriate to mention it- last Christmas. Unlike some on this board, I do not consider every single little tiny thing a BIIIIIIIG ISSUE worth talking about for the next 5 years.
Yeah queenie I know what you were doing, you were, once again, rehashing VERY OLD POSTS that has ZERO value two years ago, and even less value today. Just like you.
bicue your post is hilarious considering that I have conversations almost daily with geoly in which he warns me about putting too much confidence and money into CTKH. LOL
Let's see, geoly gets a presents and he is negative about CTKH for the most part. I get a present and I am positive about CTKH for the most part.
There must be a message here somewhere. Could it be that FH is playing both sides?
ROTFL
queenie Your posts are tired useless rehersals of two year old issues. They, like you are complete waste of good time.
queenie alias Orangeman3, does not know what he is talking about, as always. Geoly is correct about what was said at the SHM. Once again, queenie is attempting to confuse the issue with more of his endless nonsense and misdirection. As for the MOT prototypes, CTKH successfully negotiated with MOT beginning in Nov 2000 for them, and had received at least 3 of them by the time of the 2004 SHM. As for MOT not having anything to do with CTKH, the reason is quite simple - they failed to deliver all of the property purchased by CTKH, and so CTKH stopped making payments. MOT then used that as their lame excuse for the relationship failing. They neglected to mention the minor detail that THEY were the ones who took money for property that they did not deliver to the customer.
Queenie should know all about the concept of taking money under false pretenses since he is an attorney.
Okay, super troop, would it make you feel better if, from now on, whenever I am posting about something that I have first hand knowledge about, that I use some third party reference like, "a certain poster that I know"?
Is there no end to your abnoxious nit-picky garbage? You apparently are content to waste your entire life on nonsense.
I'll bet you are a real marvel in a court room. Do the judges let you act this childish in court?
FH told me at the SHM that DT is INactive at this time. But INactive and unimportant to CTKH's future are two entirely different things. The negotiations with VDC are INactive too, but a VDC acquisition or acquisition of a similar company is still one of the things FH would like to accomplish as part of his long range business plan. Most on these boards seem to be of the opinion that everything in a business plan has equal importance and is an A-1 priority that must be forfront in all of today's business activities. That is simply not how business is conducted. And FH is a MASTER at prioritizing his activities. He is the most patient negotiator I have ever seen. And I have NEVER known anyone who can keep his cards hidden as well as he does. Investors see that as a negative because they only have one concern - immediate profit on their investment. FH is attempting to build a company that will outlive himself. That takes time, patience, and strategy.
The reason I referred to HTI instead of CTKH is because the conversation was regarding FH's comments about HTI's seasonal revenues. So go figure, I just assumed that I should mention HTI's remote association with the U.S. Government contracts. But of course with some on this board who cannot keep their facts straight from one lie to the next, such attention to detail is a waste of time.
keep looking Jo and queenie. True to form I am certain that you will be able to find some obscure post from 2003 in which I made some unqualified statement about government contracts. And no doubt, you will find some way to twist my words out of context to apply them to this current topic, as always.
I agree 100%. And IMHO when he does it will be hard to catch. But in the mean time, I hope he stays quiet for a while longer. A month would be GREAT! If he does, the pps should drop even lower. I would love to pick up some at around .0005.