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Penny, it's a film worth seeing. In essence a person relives one day until he gets it right.
As for FH, perhaps he's so tired of the criticism after his releases that he's waiting to get it right. Unlike some, I believe he's concerned for the shareholder, but only to the point that's developing the company long term. I believe he knows if he builds the company into a major player in ceramics over time the shareprice will take care of itself.
I don't know that we will get meaningful data in his next release. Perhaps he's delaying and thinking we'll be so happy to see anything that we won't criticise a lack of real data, or maybe he's really going to surprise us with some real concrete information.
Gary
I don't know that we were lied to, but I also don't believe investors were told of the likelyhood of such a severe reverse split. In the short term the real value here may be Eaglerise, but we won't really know until we see financials.
It seems to me the Chinese are positioning themselves to control a critical material used in most of their equipment, copper, and they'll get a little gold as well.
Gary
I've seen nothing to say why we're up substantially in the last hour. Certainly it could be something that someone knows, which perhaps they shouldn't trade on, but I think it's far more likely that with the Annual Meeting coming up, and all the recent news, one or more big buyers are getting in.
With the kind of daily volume we normally have, one major investor looking to buy a few hundred thousand shares could drive the stock up substantially unless he's willing to sit back and add a few thousand shares a day. I suspect that one or more major buyers are looking to greatly enhance their positions before the Annual Meeting.
Gary
As I understand it, it's Cetek's propriatary process that produces a great variety of products. These products can be acquired from others, but CTKH seems to believe the products they produce are of higher quality, or require less or no machining to meet the quality level required.
What's also very important about CTKH's process, if what they say is true, it's far faster. With their new ovens it's said that only a day's required to produce product. It's said that the competition takes weeks. I don't doubt that CTKH's ovens may require more power, but given their far greater output they should be far more energy efficient.
As I see it, the process of making ceramics has high energy costs. With CTKH's process energy costs are substantially lower which offsets the higher labor costs of production in the U.S.
Gary
I can remember the first time I saw a P.C., it was expensive and had limited capability and software, people used it more to play games than meaningful work. At that time there were many people who thought these would be nothing more than toys, especially the people in Data Processing who operated the Main Frame.
Today when you go to nearly any room in a Doctor's office or hospital you find a P.C. Of course it's equally true in practically any other office you enter. Many people have two or more, I don't know how many I've bought over the years.
I bring this up because while 22 ValiMed's per hospital may sound like an extreme number right now, I don't know that it will in five or ten years.
I really don't know how many places the average hospital dispenses medicine from, 22 seems a little high, but if they wish to double check by monitoring what's been received in the operating rooms, etc. that number or more may be justified.
How about drug stores, I'd have to guess there are dozens of them for every hospital, shouldn't they also monitor their drugs.
Gary
Ceteksevenmillion, I believe all you're saying about CNT based displays, but do you know for a fact that CTKH can virtually build them today. I would think that if that's true we would have seen something bigger then the tiny poor quality unit Motorola has shown previously.
I know companies don't like revealing what they have years before they plan to sell a product that utilizes what they have. In that they didn't display a prototype at the recent Consumer Electronics Show, I would guess that the earliest it would be available would be 2007 and probably not until late that year. That would be fine with me, it just would be nice if they'd officially indicate they're working on it.
Gary
Crow, I can't agree with you there. I've heard counterfeit liquors etc are a real problem, but we don't realize how big a problem it is because we rarely find out that we're getting ripped off. The govt. in many cases is the one who's being ripped off the worst as the tax stamps are counterfeit as well and they're not getting their share.
As consumers we might sense a difference in the taste of our Scotch, but as long as we're satisfied by it we don't think it could be counterfeit.
The point is, it could be going on all around us and it's doubtful we'd know it if the counterfeitters are doing a good job. I think if it became public knowledge that a lot of counterfeit things were found in out local stores the demand for a scanner that could identify counterfeits would be quite high.
Gary
Crow, I don't know that all Cdex devices require destructive sampling, nor do I know that they must destroy pills of capsules, but I would hope that the technology can be refined to the point that contents can be analyzed in the container they're formulated in.
If they cannot do that with liquors, wine, etc. I doubt if that unit will ever get off the ground.
Gary
Diddy, I said "if", I didn't say it would happen, just that the potential is there.
About 25 years ago we got our first PC, a TRS-80, it had 16K of ram as I remember it and people were awed by its capability. Who would have guessed that most people would have there own computer, laptop, etc 25 years later with virtually millions of times the power and speed of that one.
I don't know that every pharmacy, etc. will have a ValiMed unit in the future, but I suspect that many will. The unit might not look like the current one, it will probably be better, faster, and cheaper, but it will trace its roots to the current ValiMed.
Gary
Scaredmomore, an awful lot depends on the product you invent. I'd certainly like to see CDEX developing more, but it their device found its way into virtually every drug store and hospital they could do extremely well.
Why are we talking about one device, we already know they have others for detecting counterfeit consumer products like liquor, wine and perfume. There is no telling how much counterfeiting is being done as little is done to detect it. Imagine the sales if every commercial store that sold these products had the device to prove they sold the real thing.
Gary
Crow, while I may not like it, I suspect a century after we're dead they'll still be developing new equipment for improving security. The reality is terrorists are rather like diseases, the more we do to prevent them the more they adapt to circumvent our actions.
I would love to think that some day there will be world peace, the reality is it will probably never happen. Terrorists don't play by any rule book, we can only hope to prevent something like 9/11 from ever occurring again. I don't think that we have any protection against someone blowing up a bus, train car, or compartment on a ship. Security on aircraft has definitely improved, but I don't believe cargo is being checked.
Better scanning devices may be an answer, but security is more an illusion than a fact even with such devices.
Gary
Crow, I believe Cdex could have several more products in development. We know about the product that can identify counterfeits of liquors, wines, perfumes, etc. There's probably more of that going on then any of us realize. Granted they're just applying the ValiMed technology to other products, but it fills a need.
As for Homeland Security, I think we all know there's a lot of room for improvement. I don't know that Cdex will get a piece of that pie, but I certainly don't know that they won't.
I know we have security at LAX where I live because I have to allow 2 hours when taking a flight, yet the port of Los Angeles/Long Beach handles a tremendous number of containers that leave here for all parts of the U.S. with only a tiny fraction inspected. Nearly all air cargo isn't inspected.
I'm buying a sailboat that potentially could bring illegal cargo in from practically anywhere in the world uninspected. The point is, there is all sorts of room for improvement, Cdex only has to play a very small part to be very profitable.
Gary
Crow, if our one doo-hickey as you call it made its way into most hospitals and pharmacies around the world in time what would that mean. With all the findings of counterfeit, totally ineffective drugs the doo-hickey might be the perfect device at the right time.
Gary
LMO, it's that kind of logic that gives you zero credibility here. I suppose they could report each sale and the SEC would only get a little pissed at them hyping the company, but they are no way required to. They will report earnings as they have in the past, it won't say how many units have sold. I would imagine no two sales are for precisely the same price as different support is probably provided with each unit, though I certainly don't know that.
Baxa is committed to buy a specific number of units, whether they sell them or not. Confidentiallity agreements probably prevent either company from saying how many units that is, or how many additional units they may order, if there is a limit.
As I asked earlier, show me another non Pink company who reports as you would like them to.
Gary
LMO, show us any other publically traded company that's reporting that provides the kind of data you'd like to see. I'm not talking about Pinks, as they seem to say anything they wish. Give one example of someone that does things the way you think they should be done.
Don't get me wrong, I know many companies who've said far more than CDEX over the last several years, I've said they should be communicating more, but in recent months they've come out of their shell. I believe they're on the right track and what they're telling us is what we're entitled to know.
Gary
Crow, I'm speaking of much nearer. I believe by the Annual Meeting many things will be clarified, and when they are people will see greater value in this stock.
Gary
LMO do investors in GE know how much they make each time they sell a light bulb, jet engine, or nuclear reactor. No I think not, all they get is the bottom line data. I know you would like all the facts from CDEX, sorry they won't give it to you, but no company does.
I believe CDEX is moving in the right direction, it may take a few years for more of its potential to be fully recognized, but I believe it's on its way and the stock price will show it in the near future.
Gary
To me one thing is clear, we've had a lot of good news in last three or so months, and yet we've had no appreciation in the price of the stock, and almost no daily volume. Right now the stock is under the radar of nearly all investors, but it won't be forever.
I believe our new CEO will get the company noticed, volume will move up substantially as will price. I don't know how soon it will happen, perhaps the Annual Report or Meeting will generate some interest, but regardless what does it, investors will at some point recognize that good things are happening here.
Gary
I said he might consider it if he had unannounced earnings that went into the $ millions. If that were the case, he could buy back a billion shares for a million dollars.
If he announced what he was going to do, as he would have to if he were on a major exchange, he'd probably get no more than 10% of the shares if he announced earnings into the millions. I don't say he can do it, but the Pinks are different, people do things that would be illegal on any other exchange.
Gary
Miami, I've been involved with a few buybacks on stocks that trade on major exchanges, I've also seen new shares issued. On the major exchanges it's all well documented in advance of the occurance.
The Pink's seem like they're a totally different ball game. If billions of shares can be placed without informing investors, why wouldn't buybacks on the Pinks be any different.
Gary
Penny, I know he did that, but perhaps it was because of negotiations for either Valley Design or Hybrid which he wasn't expecting and couldn't divulge.
My point was that Pinks it seems can do almost anything they choose. I think Fayiz learned that if he announced a buy back he was playing into daytraders hands. If he actually had the earnings, but didn't announce them, or a buyback he could buy the greatest number of shares for the least amount of money.
Gary
At today's prices a million dollars buys roughly a billion shares. Given that fact, if I were Fayiz, and if my attorney told me it was legal as long as I was a Pink stock, and if I had a million dollars or more, would I be smart to say nothing positive and slowly buy back stock.
This is certainly not something you could do if you weren't a Pink, but it seems that Pinks can do almost anything they choose when it comes to issuing or buying back stock. I say this because as I remember it CTKH issued billions of shares without telling anyone.
I'm not saying this will happen, but just imagine what would happen if it did, and if Fayiz reduced the float by a few billion shares before admitting making a few million dollars. I suspect the share price would go up substantially more than if he simply admitted making millions without buying back shares. Of course if he said he made millions, and now was going to buy back shares, he'd probably get less than 5% of the shares he could get if he didn't announce a thing.
Gary
That's the way I see it. I would think the new ovens have more and larger shelves. If the volume is 167% of the smaller ovens and the turnaround is three times as fast, the result is producing 5 times as much.
I could be very wrong, but not if your numbers are right.
Gary
The problem with pink companies is the lack of accountability, but the hope of all who invest seriously in a pink is that it become accountable and move up to a major exchange. Clearly the first move would be to the OTC, and that's what Fayiz said he intended to do a year or so ago, but he's backed down as to when.
The potential of pinks is why I think all of us are interested in them. Blue chip stocks rarely go up thousands of percent, pink and penny OTC's frequently do, though many also go belly up.
I believe that if CTKH announce earnings and its true rate of growth it could trade at a P/E of somewhere between 30 and 70. If it were trading at a P/E of 50 and earnings were $10 million, that would yield a market cap of $500 million equaling a share price of a dime. I don't know if we've earned ten million, one million, which should be worth a penny. Right now our price is more in line with earning just over $100K.
Of course a P/E of 50 might be high, but for a company growing as fast as CTKH I think it's reasonable. If it were only half that I still believe if and when data is finally presented the stock will move up substantially.
What excites me is the industry CTKH is in is a multi billion dollar industry that's growing daily. All CTKH needs is a small piece of that pie and it could be earning hundreds of millions, then you'd see stock prices in the dollar range.
Gary
LMO, my past experience is that these kind of facts never come out, at least not fully. If some day MP writes his memoirs we might learn about it from his side, but I seriously doubt that will happen. I've never seen the SEC come out and say all that's happened, they make public what legally should be made public, but that's it.
It's possible that you might have done better or worse than MP, we'll really never know. My point is we're positioned for success, and I think he should be thanked for that.
Gary
Richard, if their capacity for each batch is 67% bigger and they can handle three batches in the time the others produce one, than they can produce 5 times as much. If two new ovens replaced three old ones, the net increase would be as great as if they had seven more small ovens.
From the sizes you describe it sounds like two of the new ones could replace three of the old ones. As I understood it, besides being wider, the new ovens are also higher, which could also add capacity.
Gary
LMO, without knowing what MP has been facing, it's impossible to really know how well, or poorly he's done. What's important is he's delivered a company that's truly viable today.
Could it have happened quicker, perhaps, but it's also very possible that without his persistance it could have completely failed as well.
If CDEX is some day trading at $20 or more a lot of credit should be given to those who moved it from $1, but we should also remember that they'd not been able to do it if MP didn't get it listed on the OTC and trading for a dollar.
Gary
Richard, another answer might be to retire or modify some of the oldest ovens. From what you and others have said the new oven are both higher capacity and three times faster. I know they're larger, but if two new oven could replace three old ovens the capacity would be greatly increased.
Of course I don't know that two could fit in the place of three, but it's probably close to being correct. Of course there would be no production while the switch was being made, but perhaps it could be rather fast if the ovens can either be assembled off site, or if there's still an assembly area there.
Gary
IL Padrino, if the stock makes one cent, there's no reason to think it won't make two, and if it makes two, it can make ten, etc. etc. For now, one cent would be a nice move, but unless my math's wrong it would only give it a market cap of $50 million.
If the company's earning $5 to $10 million its market cap should be somewhere in the few hundred million range, giving us a price of nearly a nickle. Now I certainly don't know that we're earning that much money, but if the production's up, as some tell us it is, and the demand's up, as some say it is, then at some point there have to be earnings.
I frankly think $10 million is far from the potential of this industry, hundreds of millions are very possible, and billions not out of the question. When we're seeing hundreds of millions, share prices over a dollar would be expected with our current outstanding shares.
Gary
I think we all should thank MP for getting us to this point. Sure most of us would have done the job differently, but he got the job done. Today CDEX is poised for tremendous growth, MP should be thanked for how he's positioned us.
MP was the man in charge when I first began investing. I understood what he was trying to do wrt LOCH and while it's taken far longer the he or anyone I heard from anticipated, he got it done. It was known that he had never held a similar position, but he went through what had to be over a year of frustration with dealing with the SEC, but he got it done. Operating on a shoestring, and not massively diluting the stock he managed to get production units of the company's lead product, ValiMed not only manufactured, but distributed by a very respected distributor, and he got the money needed for continued operations. Sure, he had the help of many others, but he was CEO and he got it done.
Now MP as I understand it had alway said he didn't want to be the permanent CEO, he found the right man for the job, gave him the time to really learn about the company, and now has put him in charge. I thing again we can say, he got it done.
Gary
Richard, I certainly hope you're right, if you are it would be great if Fayiz confirmed it with a New Year's Message that countered what was said in his last message.
If the demand is greater than what can possibly be supplied, it suggests that prices should be increased at least to the point where demand and supply are nearly at equilibrium.
I'm certainly not against building more ovens, but I wish Fayiz would at least give shareholders an idea of how much the ovens cost and indicate they're being paid for purely out of the earnings from sales. I know this is a pink, but other pinks I follow routinely provide far more information than Fayiz, they may not have to, but they try to operate like they were a reporting company even if their data's not audited.
Gary
What I think is most important is that CTKH has dramatically improved it's production capabilities in the last few years. If demand hasn't increased as fast, it will catch up, meanwhile CTKH can retain some of it's earnings rather then spending on expansion for awhile. They could also look at adding capabilities, I'm sure Fayiz still wants the capabilities that adding Valley Design would have given them.
There is little doubt in my mind that if the Cetek Process is as good as we've been told it is, eventually the ovens and rights to use the process will either be sold to others, or the company will partner with someone who can afford to establish production plants in other parts of the world. Such a partnership could result in an upfront payment to CTKH that could be in the tens to hundreds of millions.
In some ways this is like Biotech where a small company develops a drug that's showing promise in early trials. To fund the more costly later trials the drug is normally partnered with one of the giant Pharma's or larger Biotech's which gains control of the drug, but pays enough to keep the company operating, and will pay the company royalties if the drug's approved.
Gary
Here's an article on how they're ramping up production of the large LCD media in Korea. I don't know that CTKH is competing with this precise product, but it doesn't appear that they're having difficulty meeting their needs.
http://news.yahoo.com/s/nm/20060101/tc_nm/korea_samsung_dc
Gary
Orangeman, I don't know that's not true, though I doubt it to. What I do know is that the company has been able to spend enough money to purchase Hybrid and roughly double its capacity each of the last few years. Granted, they did issue some new shares, but it appears that much of the money they used for this expansion came out of earnings.
The problem is, in that they don't report, it's impossible to tell what they're earning. Remember at current prices selling a billion shares nets them just over a million. I don't know if it's true, but someone indicated that one of the newer ovens would cost over a million. If the ovens are that expensive, they clearly earned at least 3 million in the last year to cover the new ovens even with stock sales.
I don't know that CTKH will stop expanding and post earnings, I doubt it, but if they can continue to fund expansion from earning, we may all be surprised just how great the earnings are when they finally report.
Gary
It seems to me that if we talked about market caps we could determine where CTKH ought to be in the future. For simplicity lets say we have 5 billion shares outstanding. That means that each penny of stock price provides $50 million in market cap.
Now for simplicity let's say CTKH stock should be valued at a P/E ratio of 25, which I believe is conservative. That's saying that each $2 million in earnings ought to be worth a penny in share price.
Now I don't know about what others may think, but to me the way CTKH is growing its production capacity, roughly doubling each year, it won't be long before millions, then tens of millions in earnings should be happening. Hundreds of millions in the industry we're in doesn't seem to be out of the question, while it may involve a great deal of expansion, how many other companies do you know that have double there capacity a few years running.
Happy New Year's all,
Gary
I've had an order in for about a week to buy at .0009, it partially filled on Thursday, but nothing since then. It seems like the MM's are buying at .0008 and looking to sell at .0010, that's a 25% gain for them not including commissions. There were some transactions at .0009 today, I don't know if they bought or sold at that price, I just know they didn't sell to me.
Gary
No the reality is I was talking about all the way till a month or so ago. CEO's have more to do then issuing all the required SEC filings to inform investors of what their companies are doing. In the case of CDEX the CEO had routinely updated the CEO message on the corporate website prior to filing with the SEC, it hasn't been updated in nearly two years since.
Most reporting companies make at least a few presentation a year, even if they must pay to be a presenter, those presentations are typically webcast. No CDEX presentations were webcast.
My point is no active investors relations had been undertaken by the company in roughly two years. Recent actions seem to prove they were working in investors best interest, but I still believe a CEO has a fiduciary responsibility to do what's best for investors, and I don't believe it can be done with no communications between investors and the company outside of the mandated SEC filings.
Gary
Another stock I'm involved in, CDEX (CEXI) had a CEO who was far less communicative with investors than Fayiz. The CEO had brought the stock through a registration that took over a year but finally put it on the OTC, most of us thought that shortly after that he's talk to investors, he didn't. Things went on for months without a word other than quarterly filings and occasional news on new equipment installations, but nothing direct from the CEO, the stock was heading lower and investors were discussing a shareholders suit.
We still haven't heard directly from the CEO, but a few weeks ago they got funding which would assure their continued existance from BAXA, then a few days later they signed an agreement for distribution rights on a device they created for determining that medications are properly formulated. The CEO still hasn't spoken to shareholders, but now many seem to view him as a hero. The stock price has moved up, but not dramatically, at least yet.
I bring this up not to pump CDEX, but rather to say that Fayiz may be working on one or more major deals that could put CTKH on the map. I certainly don't know that he is, but I doubt that he isn't. My point is, we'll never know until the ink is dry on the last signature required to finalize an agreement. In many cases the fastest way to end discussions of a potential partnership, etc. is to admit you're in discussions. I don't know that Fayiz acknowledging he was speaking with Valley Design hurt negotiations, but clearly it didn't help or it would have happened.
I don't know what Fayiz may have up his sleeve but I believe he may have many irons in the fire, I'm willing to wait.
Gary
Happy Thanksgiving all.
Richard, I guess the real question is, what is a fully funded DT doing? Are they developing a line of flat panel displays in a wide variety of sizes that will blow away the competition? Are they developing CNT based displays? In short, what is DT to be?
Nothing would please me more than to find out that DT was to have a booth at a major Consumer Electronics Show and was unveiling prototypes of a variety of eye popping flat panel displays that would be the talk of the show. However, I have no idea that they're heading that way. Are they treating the flat panel display like it were a picture tube and looking to sell it to whoever wishes to purchase it in a variety of sizes without ever creating anything that would be sold directly to the consumer. The company could be profitable either way, but you don't need a name like DisplayTek to sell fully assembled flat panels to companies like Sony, Toshiba etc. the name Cetek would work just as well. I can only guess that it's Fayiz's intent to eventually sell a line of computer monitors, TV's, etc to consumers under the name DisplayTek.
Gary
It's very possible that our greatest equity in the future might not be in CTKH at all. If Fayiz is serious about DisplayTek we could all eventually receive shares in it, perhaps at some ratio like one for every fifty. It could be DisplayTek that eventually achieved a Nasdaq listing while CTKH continued to trade on the pinks, at least for awhile.
My point is, Fayiz has choices that go beyond doing a reverse split. A hostile or friendly acquisition of CTKH is also always a possibility, the result would no doubt result in our holding fewer shares, but it wouldn't be a reverse split.
To me R/S's to simply raise the price have sounded the death knell for most stocks. However, stocks that have done smaller R/S's to qualify to be on an exchange like the Nasdaq have done well. I'd have no qualms with a one for ten R/S after the price was already 50 cents so that CTKH could get on the Nasdaq. The key is not having the R/S until after the share price has moved up substantially.
Gary