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LMO, I actually got into CDEX after most the legal actions were ongoing, I really haven't been talking about what you may or may not have alleged to the judge.
Where I disagree with you is over things like doubting that CDEX can get the necessary number of MM's. Doubting that they'll ever be listed on the OTC, etc. Any time there was a hurdle in CDEX way you were negative about their ability to jump the hurdle, and every time they did it. That's where I, and I believe many others, have problems with you.
Gary
I've certainly disagreed with LMO as have many, I've yet to see my posts removed, though they may have been.
LMO seems to have a wealth of information at his disposal, yet in every case I'm aware of where he thought the company wouldn't be able to do something they said they'd do, LMO was wrong. Nothing has happened at the speed that most investors think it will, but eventually it has happened.
I don't know when, or if, we'll personally be addressed by MP again either with a new message to investors on the website, or by speaking to us in a webcast, etc. Perhaps he'll retire before he must do it, but at some point I'm convinced we'll be addressed by the CEO of the company again. I certainly cannot explain the companys actions any more than I can explain those of LMO.
Gary
INET6 sent me some information regarding another board to look at, but it was deleted before I saw it, so I only have a partial message in my mailbox. I'd like to know what it was and why it was deleted.
I understand LMO started this board, I gather that gives him delete authority, but I'd like to know why it's being used. We all know there are other boards, I don't think a link to another board should be a reason to remove a post. To my way of thinking improper language is the main reason for deletions. I would hope ligitamate criticism hasn't become the criteria.
Gary
Yes LMO, wine and liquor should probably be considered organic and as I understand it, CDEX other device can scan a bottle and determine if it's truly what the label says it is.
The fact that something occurs naturally or organically doesn't mean that it isn't identifyable chemically. I know anthrax occurs naturally but the spores are generally not that harmful unless they're turned into a fine powder. This may not sound that hard to do but apparently it's harder then you would think.
Gary
Thanks SumTinWong, I didn't totally go through everything on their website, but it looks like a very capable unit. I wasn't certain that anthrax could be identified and sent them a question to see. Are you also invested in the stock.
Gary
LMO, even a biological agent has to have a certain chemical structure, why shouldn't the properly programed scanning devise be able to identify it. As I understand it, to be really dangerous the anthrax particles must be ground to a very fine powder, I would hope the scanner could determine that as well.
I believe that if scanners can identify which brand of Scotch I'm drinking and determine if it's not what it's supposed to be, if it can differentiate between name brand and generic drugs, etc. it should also be able to identify anthrax and other agents if it's been programmed to find those agents.
Gary
It would seem to me that anthrax and other agents likely to be used by terrorists could be programmed into the ValiMed or similar unit. I'm not sure but I've gathered that it currently takes hours or even days to be certain that white powder is talc or flower and not anthrax. If the ValiMed or a similar device that perhaps has a robot operated sensor can make a determination in 30 or so seconds it could certainly become standard equipment in major postal processing centers, if not in every post office, etc.
Gary
Orangeman,
I've never seen a successful reverse split from sub penny stocks either. I did see a stock that was trading for substantially less than a dollar do a R/S to get on the Nasdaq, the stock was ABRX and it was successful.
I've clearly stated that I believe the only way to do it is by getting the shareholders behind the company action. To me this means getting substantial growth for the shareholders.
Personally I'd like to see the share price grow to around 50 cents before doing a one for ten, but if the company grew the price to a quarter, I certainly would support a one for twenty.
To me the killer R/S's are the one for a hundred type numbers that stockholders bail on. Most of the time within weeks or months of such splits more shares are issued.
While I'd very much like to see Fayiz buy back so many shares that a R/S wasn't needed to move on a major exchange like the Nasdaq, or perhaps the Amex, that's an awful lot of shares. If he's able to somewhat reduce the share count and bring the share price up to a nickle or more investors will support him far more. If at or before that point he becomes fully reporting and moves to the OTC he'll gain further support.
I believe a company that's on the OTC, has no debt, has a great growth rate, and is shown to be earning money, even if it's slight on a P/E basis, could warrant a price of a quarter to 50 cents on the OTC based on it's potential.
To me the proof that we're currently earning money is exhibited in the acquisition of Hybrid and the construction of seven or eight new ovens in the past roughly 15 months. I believe they still have some cash on hand for another possible acquisition because you know they want the capabilities that Valley Design had which are not supplied by Hybrid.
I believe Fayiz is building the capabilities he needs not only to grow CTKH, but also to make DisplayTek a reality. I really can't say exactly what DisplayTek will be, as I see it, the company could make everything from major components to the next generation of flat panel monitors and TV's to completed units that were available for retail sale under the DisplayTek name. To me what's important is Fayiz is building the capability of making the key components of the flat panel display, I don't know what capability he currently lacks, but I'm sure he does and he's working on it.
I believe the future is the CNT based display because it will provide far higher resolution while using far less power than the current technology. If CTKH is working to make the first components with a DisplayTek name something that's based on CNT technology I believe it could be huge.
This is mostly speculation by me, I certainly have no inside information. If I'm right CTKH could be hugh. If I'm wrong it still could be, it's all a matter of Fayiz executing his plan. Of course it could also go bust, can you name a sub penny stock where that statement would never be true. I don't like to dwell on the negative but statistically many penny and sub penny stocks fail, but it hasn't been that many years since most dot coms failed as well, and many of them sold for many dollars. Fayiz seems to be a survivor, I believe he can also prosper.
Gary
Gary
Orangeman,
When I first got involved with CTKH about 15 months ago I learned that they would be adding four new ovens which would roughly double their capacity.
This year we've learned of the development of new, substantially larger and faster ovens. Three or four of these new ovens have been added. As I understand it, these ovens can produce roughly what all the prior ovens combined produced, again that's doubling the capacity.
Sure I don't know everything I've learned is true, but I believe it's reflected in comments by the company as well as what investors here have said. I certainly haven't seen the ovens, but I believe the new ovens are there and I also believe all ovens are being fully utilized.
Gary
Sanddollar,
I agree he's moved around a lot, but in most cases good things seem to happen to the companies while he's there. I think this is more than a coincidence.
I certainly don't know, but he may market himself as someone who can open the door to one or more major sales. He may get a substantial bonus for doing so, but having done it his services may not be needed as much as someone else needs them.
I don't believe he'd have taken the job with the company if he didn't like what he saw. If he gets us a single multi million dollar contract he'll have served CDEX well. Of course I'd be happy if he stayed to get others, but I'll be happy with one.
Gary
Leotxtx, we agree completely. Nearly every reverse split I've seen has backfired, except where there's a basis by which the shareholders agree with it.
I really don't believe the shareholders would be happy with a one for a hundred R/S after the share price reached a nickle even if it could put us on the Nasdaq. However, if we got the price to 50 cents, I think they'd be enthuiastic about a one for ten to get on the Nasdaq.
I really don't think it will take that long to move this company from a nickle to fifty cents, the key is how much time will it take to reach a nickle.
Year's ago a friend of mine got me into EDIG when it was 60 cents, he heard about it when it was 3 cents and invested himself when it was 30. The stock went to $24 within a year or so, it's now back to around a dime. It's rise was purely based on emotion. I believe emotion could at some point take CTKH much higher than is actually warranted, but this company has products that warrant a far higher valuation then it currently has. I don't see it as a $1 stock with 5 billion shares outstanding for many years, but a dime could be warranted on real earnings news and contracts.
Gary
Lmo,
You're the only person I know who would try to complicate or prevent the appointment of someone with the qualifications of Griffin.
Based on Griffin's prior record and the contacts a man who's had the positions he's had, I think CDEX would have been hard pressed to find someone better. If MP were looking for a successor he may have made a great choice.
Gary
Penny, I agree that a R/S without investor support is deadly and you're right, a lot of investors sell out. Someone buys however, the total number of investors may grow or shrink.
As for the newly issued shares, I recognized that Fayiz doesn't like to take on debt, and may have a substantial reserve on hand for possible acquisition. He was apparently given the opportunity to get a service he wanted in exchange for shares and he took it. While I'd hope the day will come when he pays cash for such services, I can understand his willingness to issue shares while cash is in limited supply.
I don't know what Fayiz is planning. If he's earning millions without letting us know he could buy back billions of shares of shares if the price remains low. By the same token, if he intended to issue more shares, he'd get far more for them if he put out some good news.
I really don't like what he's doing but I hope he'll be done soon. In that nearly 5 billion shares have been placed in the last year or so, I suspect he knows who the big shareholders are. If I'm right and he's made the money necessary to buy them back at a reasonable profit to those who purchased them, he will do so. At that point the information about the company ought to be made public and the remaining stock should rise very nicely.
I'm not saying this will happen, just that it could. I don't know if Fayiz, his family or friends were buyer's of the new shares, but if they were, they may have agreed to sell the stock back at a reasonable profit at a given amount of time. I'm not saying that's the case, just that it may be a possibility.
It's sort of a Catch 22 situation. If you want to sell billions of shares you need to discount to a buyer, but if the buyer wants to sell that many shares it has to be arranged or he plunges the price he can get to nearly nothing. Placing the shares to get needed funds and buying back the shares when adequate funds are available is probably not a bad way of doing business if you achieve your goals. I'm hoping this is what Fayiz has in mind, and that he's successful, hopefully soon.
Gary
Leotxtx, I certainly don't want a reverse split, at least not until something like one for ten will put us on the Nasdaq, then I would support it. That said, I don't understand your logic in saying an R/S would reduce the number of shareholders.
The only way a R/S reduces the number of shareholders is if current shareholders sell out and existing shareholders buy there shares.
I would certainly prefer the company reduce the OS by buying shares back, but I also respect the company wanting to avoid taking on debt. As I understand it in the just over a year that I've owned the stock the company has added to it's manufacturing capabilities by about a factor of four, and it's added Hybrid Tech. to dramatically increase its product line, this is the kind of growth I love to see.
I suspect that at some point CTKH may want to either replace there older existing ovens with the newer design, or modify those ovens to the newer design. I say this because as I understand it the new ovens are about 300% faster in addition to having dramatically higher capacity.
If all I understand is true is actually true, I believe CTKH can probably more than triple its capability again by replacing or upgrading its older ovens without requiring additional space.
New or modified ovens cost money, but if the capacity is needed to bring all the orders CTKH can bring in they should prove very profitable. The question is, when does CTKH stop growing and reveal tremendous profits. My answer to that is never as long as there's a demand for increased production. What's needed is the revealation that this is what's happening.
When a company's growing 100% a year or more for a few years it cannot go unrecognized indefinitely. Today CTKH is selling for about 70% of what it was when I first invested, yet it's production capabilities may be up 400%. Sooner or later this growth will be recognized and reflected in the stock price.
Gary
Sassy, something that looks very positive to me is that James O. Griffin's history seems to be one of building success in companies that are earning millions. I cannot imagine him taking a position at Cdex if he didn't see that kind of potential here in the not to distant future.
I'm not saying we'll have million dollar profits instantaneously now that he's here, but I cannot imagine him joining the company if he didn't believe multi million dollar profit potential was only a matter of a few years away.
Thanks for getting that information about him. I was also happy to see the success of someone who graduated from the same engineering school that I attended.
Gary
Has anyone determined how Fayiz was able to sell over 4 billion shares without shocking the market. Could it be that he, members of his family and friends were by an large the receipients and they took stock in exchange for cash to fund new acquisitions and equipment.
I say this because if this were the case, and if the company generated substantial earnings, it could easily buy back these shares and investors would only learn of it when Fayiz suddenly reported that we had hundreds of millions of shares outstanding, instead of over 5 billion.
The reality is somebody holding a billion shares cannot simply sell it without putting the stock into a total tailspin. Such purchases and sales are normally brokered in such a way that most of us don't have the slightest idea that they've happened.
If the company had substantial earnings and virtually all the people who Fayiz placed over 4 billion shares with got double there money back would anyone complain. I certainly wouldn't if essentially at the same time it was clear the company was profitable, and that the share count was now somewhere around a billion shares or less.
I think all of this is possible if CTKH remains a Pink, but I'm not sure that Fayiz could do it if the company were on the OTC. We really don't know how much Fayiz got per share when over 4 billion shares were placed, if he had sold them into the market it certainly would have substantially lowered the price, so the buyers were entitled to some discount to the market price. By the same token, if he were buying them back the same would apply, so he should pay something under the market price.
I don't like the idea of investors in such stock placements being guaranteed a profit, but I have no heartburn if they make one. I don't think that anyone, Fayiz included, could be certain that such a venture would be profitable. However, in the slightly over a year I've been invested in the company the production capabilities have apparently doubled twice with new oven. In addition to this the company acquired Hybrid Tech which was already know to be profitable and offered many synergies with CTKH. If CTKH is operating close to its capacity, as some have said, I don't see how it can't be operating at a profit.
I cannot say what to do with that profit, I certainly don't want to quit adding capacity if the customers need the product, but I hope at least some of the money can be used to reduce the number of outstanding shares. Nothing would please me more than CTKH redoubling it's capacity again in the next year while at the same time it reduced the O/S to about a billion shares. If all this were done before it moved to the OTC we'd all see a much healthier share price when this was revealed.
Gary
End2War, I agree that both are possible, but based on Fayiz's comments I believe CTKH will survive as it does far more than make displays. DisplayTek sound like a company that will deliver displays, or display components, which in itself could be a very big business, but is only a small part of CTKH's total capabilities.
Gary
It seems to me that we all recognize that Cdex must sell at least $2.5 million worth of shares to operate another year. Personally I'd rather the company think bigger.
Imagine what would happen if they found a major brokerage who would run an IPO for them to raise say $10 million. First the brokerage would produce a prospectus that truly markets the company. They'd arrange for MP or other officers of the company to go on a road show, brokers in key cities all over the U.S. would hear about CDEX.
With any luck they'd be able to make the $10 million with about 2 or 3 million shares. Of course if they choose to simply sell the shares into the market they'll still sell 2 to 3 million shares, but it will only generate the $2.5 million they need for next year.
I certainly don't know that a properly managed IPO will bring a price of $5 or more, but it certainly could, and it definitely would raise awareness in the stock. Just selling shares into the market will do nothing to enhance value but they'll be able to operate for another year. Which way would you choose.
Gary
Crow, I think if you check you'll find that places like the French Quarter are just on higher ground, which is probably true of a lot of the more expensive real estate.
As to the levees breaking, what's breaking are actually walls which aren't nearly as wide as the levees, I believe they were built around 1960's. I believe more of these walls could collapse as they lower the water level in the city because the presents of water on both sides of the wall is softening its support. This morning another part of the wall caved in.
I believe before New Orleans is rebuilt the walls and perhaps the levees will have to be reengineered completely. Certainly the higher areas of the city, like the French Quarter, may be able to be reopened, but much of the city needs to be reengineered before they rebuild it.
As bad as New Orleans was hit, most coastal communities that got hit by the hurricane were turned into toothpicks. Those communities won't be reengineered to prevent a reoccurence, they almost can't be. People like to live on the coast of areas that are hit with hurricanes, barring major changes in how such homes must be constructed, they will rebuild with structures that are as vunerable as the structures that were destroyed.
We in California live in buildings that generally withstand earthquakes reasonably well, but if it's the "Big One" and you're near the epicenter, you will probably at least sustain some damage if you aren't completely destroyed. You could try not to live near a major fault, but many of the worst recent quakes occurred on previously undiscovered faults. There is no doubt that there will be major quakes on the San Andres fault at some point, the problem is geological time is usually thought of in periods of thousands of years or more. Sure a quake could come tomorrow, but it might not come for 10,000 years, that's very little time geologically. Remember the earth is something like 4.5 billion years old.
New Orleans may not be hit with another Force 4 or greater hurricane for hundreds or thousands of years, then again it could happen next week, month or year. Geologically it's almost the same time.
Gary
Penny, we seem to have a lot of people here who keep pushing the threat of a reverse split in spite of the denials from the company.
I really believe there's another possibility which might keep CTKH on the Pinks for awhile. That possibility is one that creates DisplayTek and gives us each shares in it at say one for every hundred. That would have DisplayTek entering the market with around 50 million shares outstanding, and perhaps 75 million shares authorized. Those sort of numbers with the right corporate structure could give DisplayTek a substantially bigger market cap than CTKH. If that occurred, we'd still probably be discussing CTKH, but a greater part of our attention would probably be drawn to DisplayTek which could possibly initially be listed on the Nasdaq if things really went well.
This is pure speculation on my part, but I know several people have asked Fayiz if DisplayTek was alive and he's indicated very positively that they were. To my knowledge Fayiz has never discussed how DisplayTek would be structured, but I think what I'm suggesting makes sense. A $5 price for DisplayTek represents a nickle in CTKH if it's achieved based on one share of DisplayTek for every hundred you hold in CTKH.
Gary
Same to you Voyeur,
Let's hope that by Monday things in the Hurricane Zone are greatly improved. We're doing nothing special for Labor Day, but I think a few good meals and a shower would be greatly appreciated by those hit by the storm. I hope they get it by the holiday.
Gary
Voyeus, I don't recommend the strategy for everyone, but if you have several penny stocks in your Roth IRA and one hits it big while the others fail, your gain should more than offset all the losses. As I say, it's not for everyone.
I don't invest in companies that I don't believe have the potential of making it big, but I recognize they could go bust as well. I strongly believe CTKH has tremendous potential, but there are no guarantees. I've never been a daytrader but I know some who have, they made money some of the time, and lost their shirt on others. I don't risk money I'm not willing to lose.
Gary
Hi Voyeur,
Sorry I didn't respond earlier. Fayiz should he set a price for a buyout will essentially be establishing the market price at that time. He can do it, but it will be more expensive than buying on the open market very probably.
I gathered when billions of shares of stocks came into the market they did so with private placement. I don't know if Fayiz can legally go back to those people with an offer to buy the shares back at a price that's slightly above the market, but if it's legal, it's another course of action he might pursue.
I really have no idea how many new shareholders we have from the roughly 4 billion share dilution he did, but if major blocks still exist, they are probably the best target of a buyback.
Gary
Penny, the person I spoke with at Fidelity wouldn't commit to the fact that my shares wouldn't be shorted, but seemed to indicate it was about the only thing I could do with the shares in a Roth IRA. The reality is my shares are part of the share pool at Fidelity, they will only short part of the pool. He thought if my shares had a sell order they might not be counted, but he wasn't certain of that.
In that the account is a Roth IRA, the shares must be held in the account, I cannot order certs regardless.
I still believe the profit potential of the company is great, that's a major reason I have it in the Roth IRA. I do have some other losers in the account, and of course I cannot right off the loss, but I have more in gains, and if I take the money, which I'm now eligible to, I don't have a gain to declare.
I think CTKH may some day reach a dollar or more, but it's a long road unless emotion suddenly takes hold. I cannot say how high the stock could go if emotion takes it for a ride.
Gary
I just spoke with Fidelity and unfortunately, as I suspected, I cannot order certs of shares that are held in a Roth IRA. The Fidelity rep did tell me that they limit the allowable short to roughly half the shares they hold, but that's probably many millions of shares.
I still like the idea of having this stock in my Roth IRA, but this is one shortcoming of that type of account.
I also asked about putting in a sell order GTC at say $1, I was told that wouldn't change the number of shares held by Fidelity, but I still have a feeling it would prevent my specific shares from being shorted. I'll probably do that.
Gary
Penny, even Fayiz must comply with rules to buy back shares, regardless of the price. I really don't believe he wants to drive the price down to do it as he can only buy something like 10% of the average daily volume each day. He'd be far better off supporting the company by generating income, then using the income to buy shares at market price.
I believe Fayiz is being honest in saying he won't do a R/S with CTKH, but I believe his ultimate strategy may be to place most of the value of the company in DisplayTek. Clearly he doesn't need to give CTKH shareholders a share of DisplayTek for every share of CTKH, I suspect it will more likely be one share for a hundred, or something like that.
The question to me is does he leave any value at all in CTKH, or does it simply become a empty shell. If DisplayTek became a Nasdaq listed stock most of us would probably thank Fayiz even if we only got one for a hundred, that would equate to CTKH selling for a nickle. Personally I believe the company could go for much more than that, but it's a start.
By the same token, Fayiz could still be intending to keep much of the value in CTKH, even if it sold for under a penny on the Pinks, while DisplayTek sold for over $5 on the Nasdaq, he could do it by limiting DisplayTek to the sale of displays using material largely supplied by CTKH. Again, investors would be well served while both companies could grow together.
Did anyone attending the meeting ask Fayiz about the capabilities of the new ovens. If they're as great as I hope, they could support flat panel displays ranging from 60" to perhaps as much as 100" on the diagonal. Certainly those sizes are larger than the average house can take, but there would be all sorts of commercial applications. More importantly they could make twice as many of the 40" to 60" units that will fit in most homes as two or more could be made from the same media that would support say a 100" display. I certainly don't know that they have that capability, but based on what others said about the size of the ovens, it sounds like they may have that capability.
The really big news would be, can CTKH build large scale CNT media, and combined with Hybrid, could they largely assemble a complete monitor that used this technology. If they can, I believe this is where DisplayTek comes in. I don't know that they'll ever provide complete TV sets, computer monitors, etc. but wouldn't it be great if buyers were looking for the DisplayTek inside label the same way computer buyers look for Intel inside.
Gary
I've read that the additional shares were issued to PR firms in lieu of cash to assist CTKH in getting better noticed. My words.
If the PR firms are to be encouraged to really work for CTKH I would hope that the stock they received has trading restrictions for at least a year. I doubt it if it's ordinary shares.
The idea that a PR firm can improve itself financially by helping to boost a clients shareprice is a good one, let's hope the PR firms get a ten bagger or more from the stock.
Gary
Penny, if I'm not mistaken, CTKH doesn't copy or mail the letters to investors, they supply them to the brokerage houses who distribute to their investors. I don't know if they even provide the prints, I could be that the letter is emailed to all the brokerage houses.
Gary
Thanks Penny, I did see it yesterday but wasn't sure if the typed name in place of a signature. I understand Fayiz is unhappy about what's stated as the O/S but unless he does something about it we'll have to wait for the Annual Meeting to straighten it out.
There may have been some poor staff work, but ultimately the name on the letter if Fayiz, and he should take responsibility for it, and take responsibility to straighten it out.
Gary
I too believe he must take much of the responsibility for the error. It may have been a failure on the part of some of his staff, but he should have caught it.
I haven't seen the actual letter, did he sign it. If not, even if he composed it correctly it's possible someone put it on the wire incorrectly. I think it's equally possible that everything was done by someone else, perhaps the attorneys office, but he should have reviewed it.
What I'd like to see as a minimum is a statement on the website specifying the error and what the actual O/S is. I really believe they should issue a PR.
Gary
Penny, if the O/S count is incorrect, at least part of the blame has to be FH's, he either didn't read the release or didn't pay attention to what he read.
I would rather see the count lowered and FH admit the mistake's partly his fault then determine he needed to issue the additional share. Of course the cost of the new ovens might have been more than he was earning, but I would hope not.
The key is getting an accounting and that will come if he's serious about going to the OTC, if there are to be delays in that filing, I believe he owes us an explanation and a commitment to file by a date certain that's not more than 1st quarter of 2006. We'll have made no progress if 2005 simply becomes 2006.
I know our vote means nothing, that's true for many companies, but shareholders still have a voice and should be entitled to proper answers from the CEO on what he's doing to build shareholder value. I'm not a strong believer in shareholders taking legal action, but sometimes it cannot be avoided. I'm not saying that's the case here, but if Fayiz doesn't level with us, it may become the case.
If I remember correctly, at about the time I first invested Roundmott visited the company after filing legal documentation needed to force them to open the books. He didn't see the books, but became satisfied with what Fayiz did share with him. If it's necessary, I think these actions should be done again, hopefully by a few investors who are located near the company. This time all should attend and insist on seeing the books together, Fayiz may try to avoid this by giving them other information, they should listen, but again insist on seeing the books. If after attempting this the books are unavailable, perhaps further legal action is required.
Gary
By the time the Annual Meeting is heald, if the filing hasn't been made with the SEC, it's doubtful it will be effective this year. I say this because of the way the SEC works, at least as I understand it.
The SEC has 45 days to react to any filing. They can approve it in 45 days, or they may ask a question. No matter how insignificant the question, they get another 45 days to consider all that was said. They can ask another question that's in no way related to the answer to the initial question, but relates to the initial filing. The point is, normally there will be at least a few rounds of questions, so most filings take well over 4 months for approval. If the filing hasn't occurred by the time of the Annual Meeting, it's very doubtful that the company will be on the OTC by year's end.
Gary
I follow several companies that almost never discuss their patents. If we didn't have some people who were really good at finding what's available in the public record on the net, we'd never know about them.
I know there are some companies that issue PR's for patent submissions, approvals, and all sorts of other things. They generally trade for substantially less than a dollar.
Gary
Penny, I agree. I'm hoping he's taking advantage of the price by buying back shares unannounced, but it's only hope on my part.
The company could survive, even thrive with this many shares outstanding, but it would do so at under a dollar for many years. There are a lot of companies with market caps that exceed 4.7 billion dollars, but I'm not aware of any that trade for $1 or anywhere close to it, but nothing says it cannot happen.
Actually as I read the rules it's possible to get on the AMEX at any price as long as you meet all requirements. I'm not aware of AMEX stocks which got there at under $1, but I'm aware of stocks that have traded there for years at under $1.
I've said before that if Fayiz brought the stock up to say 50 cents and proposed to investors that a one for ten reverse split could put us on the Nasdaq that I believe it would be supported. The key is getting the 50 cent price, that would still be a $2.35 Billion market cap if he didn't do a substantial buyback.
In that he can currently buy a half billion shares for less than a million dollars, I can't think of a better investment he could make than spending a few million on his own stock if he's making that kind of money after building the new ovens.
I don't know if as a Pink he has the same sort of restrictions on him as other companies that are regulated by the SEC. If I remember correctly, SEC regulations limit the amount of stock that can be bought daily to something like 10% of the daily volume, and a company doing a buyback cannot do so in the last half hour of trading. I'm certainly not sure of this, and as I say, I don't know it applies to the Pinks.
Gary
Is there any doubt in anyones mind that CTKH is a rapidly growing company. I first purchased about a year ago. Since that time, as I understand it, they added 4 ovens which roughly doubled their capacity in the latter part of 2004. Now if you believe the information that Richard and some others are saying about the new ovens they've added, they've added four more higher capacity ovens that double, or more than double their capacity again.
To put it another way, today they have about four times the capacity they had a year ago, and they've also added Hybrid.
The only way they haven't grown is in stock price, it's currently selling for slightly less than I paid for it.
I believe that when the reality of what they've done becomes more apparent to the investment community the stock price will recognize this tremendous growth. The really good news is the demand is strong enough that they could probably do the same thing next year, that would be 1600% growth in capacity in two years. If you can show me another company that's growing that fast I'd sure be interested.
Of course to do this they have to be investing profits into new equipment as it seems that Fayiz doesn't finance anything. How many companies are making profits, growing at 400% a year, have no debt, and are selling for less than a quarter of a cent. Regardless of the 4.7 billion shares outstanding, this doesn't make good sense.
The problem is that all the above numbers and other things we discuss are coming from investors, perhaps they come from company sources, but not official sources, someone willing to put it in an official document.
I'm looking forward to far more information becoming official, but it will only happen if Fayiz is truly serious about moving to the OTC. If not, next year we could be talking about tremendous growth in capacity, and still a price that's substantially below a penny. I certainly hope Fayiz confirms his commitment to file with the SEC this year, it could take quite awhile to complete the registration, but well see all the data we're speculating about when they start the process.
Gary
Does anyone know if CTKH has the capability of making thick tiles like those used on the space shuttle. If so, can they make them in sizes that are substantially larger then those used on the shuttle. Finally, can they build them stronger than what's used on the shuttle.
I'm not saying they should go into that business, I'm just curious if they could. I believe larger, stronger tiles are the key to either a next generation shuttle, or making the current one much safer. It would be great if CTKH had that capability and got a contract to do so, but I'm certainly not counting on it.
I also wonder if a strong, thin, lightweight ceramic could cover the insulation on the tank to prevent it from breaking off. Clearly weight is a key, I'm just thinking of the possibilities.
Gary
I looked at the latest PR and didn't find it, earlier PR's may have said it, but I would have thought they were referring to the ovens they announced they were bringing on line last fall.
I'm not saying it wasn't said, but we as stockholders shouldn't have to guess, is he talking about more ovens, or is he talking about the capacity he added late last year.
I certainly hope the story on the new ovens is true, and if it is, I wonder if the older ovens can be reworked to achieve the efficiencies of the newer ovens. If not, it would seem like they should be retired as one of the larger new ovens can produce the equivalent of 8 to 12 of the older ovens, including the 4 that were built just last fall.
I grant you the new ovens may occupy a much larger footprint, but if say 4 of them replaced the 12 existing ovens you'd get something like the output of 40 to 60 smaller ovens if what people are saying about their production is true.
As I've said, I don't know that what we've heard is true, we need something more than a vague PR from the company saying what they're doing. I don't doubt that part of their hesitancy isn't caused by the competition. If they really have something that improves production on what the competition's using by virtually a factor of something like 50, if product is truly spending a few weeks in their ovens, trying to keep the process secret will be a major undertaking.
I would like to see all the media being produced use the Cetek Process because all producers were paying for the rights to do so. That's where I believe CTKH could have the greatest success. As I understand it, the process goes way beyond just how the ovens are built, but they play a part. I certainly have no idea how CTKH can do things so much better than others. What I do believe is that if they don't license the process and allow others to use it, others will experimentally improve their own processes and Cetek will recieve nothing.
I know Coca Cola hasn't patented its formula and I don't think they've sold it to anyone. They do very well, but frankly I'll drink a Pepsi, or even a generic and quench my thirst as well as if I were drinking Coke.
Don't get me wrong, I believe CTKH needs to prove what it can do, and the new oven's may be what it takes to convince the world of their capabilities. Once they have the proof, they need to expand and one way to do it is license their competitors. It's not the only way, but it's not bad to profit from the efforts of your competition if you can.
Some day I'd like to buy several flat panel TV's for use throughout the house and know that they all were made with the CTKH process, as was my computer screen and the display in my cell phone, etc. I think it could happen, but first the company must show the world what it's capable of. It cannot happen without specifics, generalities such as "increasing capacity internally" don't say enough about what's happening.
Gary
That's why I put the caution in that everything I've heard about the new ovens came from investors. If the ovens are real, the company needs to step up and tell us about them.
Does anyone here understand the process. I have no knowledge of the process, but it's been claimed by others that CTKH with it's newest ovens can process media in roughly a day, whereas its older ovens took three days, but the competition's ovens take a few weeks. I've seen no confirmation of this either, but if it's true, those in the Ceramic Industry should be willing to pay whatever it takes to learn the Cetek Process.
The point is, if true, CTKH can produce higher quality media in less than 10% of the time, and probably less than 10% of the power used by it's competition. If all the other ceramics manufacturers are aware of this, they should all be lining up to license the Cetek Process.
Gary
d4diddy, you're right I was trying to use it with ambient UV and or IR, but I also see no reason that a camera type device can't also have a light source that only operates in certain UV or IR frequencies.
As I understand it it takes nearly 30 seconds to get the desired fluorescence, are you aware of any way this can be accelerated. People don't like to wait, even 30 seconds, but I think if our security could be dramatically improved, they'd learn to deal with it.
Computing speeds are doubling every year of two so the processing part of the process can no doubt be accelerated, I know nothing about the fluorescence. We all know fluorescent lamps now come on essentially instantly, but it takes a much stronger jolt of power from the starter than what's needed to keep them lit. Could a short high energy jolt of IR or UV achieve the needed sort of fluorescence that normally would take 30 seconds with a much lower energy source.
I guess what I'm asking is if something like a powerful strobe that only flashed UV or IR was used, could it be effective. I know absolutely nothing about this so please excuse my ignorance. As I see it, if that would work, the camera type devise could be more like a still camera that uses a strobe, every image could be examined for explosives, illegal drugs, etc. I suppose the key would have to be that the pulse of UV or IR was still completely harmless.
Gary
Leo, just remember that everything I've said about what the oven are capable of came from what I've heard from others. I don't believe there is any official recognition that new ovens even exist beyond those that were brought on line last year.
Gary