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Orangeman, I think it would all depend on whether he announced a buyback. As I've said, I'm no expert on what must be announced, but if a buyback can be done without an announcement, then Fayiz might be able to buy back most of the shares at nearly current price if he did it in a stealth mode.
I know on a Nasdaq stock there are limits as to how much can be bought each day, and when you can buy, but I don't know about the Pinks.
Today we traded just short of 10 million shares, I believe the Nasdaq rules prevent a company from buying more than 10% of the daily volume, and I don't believe they can buy in the last half hour. If those rules applied, today the company could have bought nearly a million shares for just under $2500. If they could continue to buy at that rate it would take over three years to buy back a billion shares, and if the stock price didn't appreciate it would cost $2.5 million.
I don't believe it will happen this way.
Fayiz placed billions of shares when he needed to raise cash, and he did so without informing investors until the placement was completed. I suspect that he still knows where those shares are, and if he made a suitable offer he could buy most of them back. What would be a fair price, perhaps something like $4 million for a billion shares. As I see it that would be enough money to give the share buyers a healthy profit, and on announcing it had happened the stock would almost certainly rise to that level, or higher. The question is, does Fayiz have $4, $8, $12, or $16 million to buy back 1, 2, 3, or 4 billion shares. If he has enough to buy back 2 billion, I think he should do it. Once he announces it and gives the market a little time to appreciate it, I have a feeling he'll be able to issue a few hundred million shares and get all his money back.
The key is having those millions of dollars in the first place, if the company is truly selling all the product we believe it is, the money should be available even after the acquisition of Hybrid. We all need to remember that Fayiz originally sold all those shares in anticipation of buying VD, while he's bought Hybrid, hopefully he still has some of those funds remaining. At some point he may want to take another run at VD, but I think he'd have a much better chance if the stock were priced above a penny. He could do that if the outstanding shares comes down and we have audited income.
Gary
Orangeman, don't try putting words in my mouth. I believe DisplayTek has been given much thought and planning, it's a concept that's being executed, but it takes time.
Hybrid was a step toward building DisplayTek, VD or someone with similar capabilities is another step in the right direction. I don't know, but perhaps it's the last step.
I frankly don't have any idea on what the company's currently doing to acquire these capabilities, but clearly for DisplayTek to happen CTKH must either acquire certain capabilities, or contract for them to be accomplished by others. Personally I believe Fayiz will only be happy when he has the full capability under his control.
Gary
No Orangeman, I haven't made any calls because I'm sure I wouldn't hear anything more then was reported by others, especially those who attended the Annual Meeting.
As for DT, it's very possible that they've actually built prototypes of the kind of products they'd like to produce, they may even have the technology in house that's needed to produce the prototype without the assistance of others. I don't know. The point is, they don't have the equipment needed to mass produce the products, that's what's needed to become a viable company.
As many of you know, I've been an investor in a Biotech called IMGN for years. One of the beauties of IMGN is their ability to take MAB's from almost anyone and conjugate them into a TAP drug in a matter of weeks by adding a toxic payload. While they can do this in quantities that support preclinical and early clinical trials, all their partnerships require their partners to develop the larger production capability required by the time they reach Pivotal Trials. The point is, they don't have the capability to mass produce the drugs, at least not yet.
If CTKH is currently capable of creating say a 40 inch CNT flat panel display, the cost of doing so might be in the tens, or even hundreds of thousands, that's okay for a prototype, but not for the marketplace. CTKH will need far greater capabilities, or contractors, to mass produce such displays at marketable prices. They appear to be taking steps that are headed that way, but they have a way to go.
Don't get me wrong, others using their media may be able to do it today. The key is producing high quality media and CTKH appears to have the key, the question is whether they intend to make their primary business producing media for others, or producing a more complete product themselves.
Gary
Orangeman, I know nothing about DT that I haven't read here or other sites, I don't believe that DT is more than a concept today. What I believe is that it's a concept that FH is working to put together.
Hybrid has some of the capabilities needed to create DT, but more than that is needed. VD or capabilities that a company like them may provide some of what's remaining to create DT.
What I still don't know is if DT is to ever build products that will be marketed as a retail brand. Any thoughts about that.
The price of large flat panel displays is expected to fall as newer technologies replace the current ones. Not only will the picture be better, it will use far less energy and cost substantially less.
A few weeks ago I happened to see one of the earlier rear projection TV's, I couldn't believe how poor the image was and how slight the viewing angles were when compared with todays sets. I don't know that the new flat panel displays will completely replace the projector technology right away, but in time I believe it will.
Gary
Orangeman, if that's true, I'd have to believe that at some point FH will be compensated in some way, either with cash or shares in the company. Do you know what the situation is at Hybrid as well.
More importantly, am I correct that the current CTKH location has substantial room for growth if a decision were made to enlarge the facility.
I really don't know how great the economies of putting all their capabilities under one roof are, but I've got to believe something would be gained by doing it. The more logical thing might be to move certain capabilities to each site so that each can manufacture certain components which are completely created at that site.
I understand that CTKH already has customers for what they're making at CTKH, but I gathered that combined with Hybrid they'll be able to make things that neither can make independently. I also think that the addition of VD or someone like them will add further capability. Ultimately when you add up all these capabilities, I think you may be able to produce complete flat panel displays, perhaps they'll be marketed under the name DisplayTek.
Gary
Rick, if that's the case, depending on the terms of the lease, do you or anyone believe that Hybrid should be moved into and integrated with CTKH's operation.
As I understand it CTKH also rents, but they rent from FH, and I believe they have room there for expansion.
Such a move is expensive, so it would clearly need to be justified by economies created by the move. I just thought it might be worthy of discussion.
Gary
We all know that $10 million is the threashhold for reporting, however, I wonder if a company has several quarters to get the necessary audit together. While a company can anticipate reaching the $10 million figure, audits cannot be put together overnight.
As for the Real Estate, as I remember it the information said that Hybrid was located in a wholly owned building. Like many people, I own my home, but I have a mortgage, I don't know if legally I can say I wholly own my house. The point is, if Hybrid has a substantial mortgage the equity in real estate may not be very great.
I understand Fayiz owns the building that CTKH is located in, but again, I don't know if he has a mortgage or not. I suppose it isn't critical as the building's not owned by CTKH per se, however, it should be very clear in the audit as to how Fayiz is compensated by CTKH for use of the building.
If all that Fayiz has said about quarterly growth is true, if we aren't at the $10 million mark yet we must be getting close. Again, how long do we get to report once we've reached the $10 million mark?
Gary
Orangeman, buying back half the outstanding shares is certainly a bold and positive move. If CTKH was making several million dollars a month, they too could afford to make such a move. However, if they admitted they were making millions a month and produced audits to prove it, they still couldn't afford to fund such a buyback as the share price would jump tremendously.
What I have no idea about is whether CTKH sold billions of shares solely to purchase Valley Design, and if so, if they still hold all the money the sale generated. I suspect they spent some of it on Hybrid, perhaps some on the new ovens, but perhaps they're still holding substantial cash. The real question, IMHO, is are they making millions every month, or even hundreds of thousands. If they're making substantial money, I'm not against a stealth buy back, if the law allows such an action.
Wouldn't you love to wake up some day and find that CTKH's outstanding shares were something under a billion. As I say, I don't know that they can legally do it, but I suppose if they control a majority of shares that authorize new shares be sold, the same majority could authorize the shares be bought without a public announcement. If they made the announcement, they could never afford the shares.
It's truly a Catch 22 situation, if you announce your intention, you can't afford to do what you want to do. If you do what you want to do in private, you may be violating the law, though I'm not certain of that. Whatever they're doing, I hope they're able to complete it soon.
I believe once audited figures are available the price will rise substantially. A further buyback at higher prices could be very positive, but would be substantially more expensive.
Gary
No Orangeman, though Rounds plan roughly resembles what FH has been reported to have said, I'm going by what he's been reported to have said at the Annual Meeting, and what's been contained in the various PR's that he's issued.
Certainly all aspects of his plan may not come together as he plans, but I believe the general plan is still in place and if Valley Design cannot be acquired he'll find another way to add the capability he's looking for. Hybrid wasn't something that was previously discussed, but it appears to be a solid match. Let's give FH a chance to see what comes about.
Right now I think the most valuable thing Fayiz can do is move us off the Pinks, if nothing else happens this year but that does it could be a good year. I believe that if everything we believe about CTKH is true and the data to prove it was available, the stock would be trading for substantially more than it does, even if it meant an exceptionally high P/E base on current earnings.
What other company do you know of that has no debt and positive earnings, regardless of how small. If anyone knows of stocks in that position that are selling for less than a penny, I'd like to know about them.
Gary
Orangeman, I certainly agree that people get burned when markets and companies emplode the way they did in the late 90's. I was certainly burned by a company that I still believe in, but not as badly as CTKH investors. What FH did assured the survival of the company while many others completely folded.
As for VD or other acquisitions, I believe that the efforts to achieve a partnership are real. I've seen partnerships that were thought would be completed in weeks take nearly a year to complete, I really have no idea how much the terms may have changed, or it nothing changed. The point is, a partnership only occurs when the last signature is applied to it, until then it's only discussion and it cannot be announced. I don't know if any signatures have ever been gathered on a VD agreement, but clearly the last one never has been.
What's important is where we are today, not what's happened in the past. If FH's business plan is viable, the stock should do very well, if not, it won't be the first time people lost money on something they believed in. I believe the plan as presently presented is very viable, it just needs to be executed.
Gary
Something we all need to realize is many companies that sold for a dollar or more back in the late 1990's are no longer in existance. I didn't follow CTKH back then, but it was clearly a penny stock that nearly hit a dollar back then. Since then it had a 150 to 1 reverse split meaning that somewhere there are people who paid nearly $150 for a share that today is worth less then a quarter cent.
To be completely honest, even with the rosiest of predictions for the stock, these investors will never break even on those shares. They might still be investors in the company, but if they are, the way they'll make money is by lowering their average cost per share to a reasonable number. Unless they invested millions back then, a few thousand today should bring their average price per share to under .003 cents. That's an average price per share that could become profitable soon.
I think we all need to establish our own expectations of what we believe CTKH could do in the next year, five years, etc. Personally, I believe if our process for creating high quality media is truly superior to what competitors are able to do, the growth should be tremendous as our media is in greatest demand for all sorts of ceramic based technologies. It doesn't seem that CTKH has an exclusive on any particular ceramic, just that they can do it with little or no machining required.
From what I gather ceramic components are the key to all sorts of devices whos markets will grow exponentially over the next decade. It wouldn't be the first time the experts were wrong, but if they're right a decade from now nearly every portable device with a display will probably have CNT's in both the display and the fuel cell powering it. I expect most computers to be transportable, and while home and business computers may be powered out of a wall plug, they'll also have fuel cells that permit their operation without power for hours, or perhaps days.
What about cars, will CNT fuel cells power them as well, perhaps, I don't think we'll know for a few more years.
The point is, this is a tremendous growth industry. If CDEX becomes a leader in supplying just a very small percentage of all the material used in a variety of ceramic devices it could be huge. Personally I believe when CTKH opens it's books to move up to the OTC it will justify a share price that could go into the pennies, perhaps as high as a nickle, or even a dime on emotion. The contracts and sales that I believe will be announced over the next 5 years could easily grow the price to a dollar or more, especially if the company continues to buy back shares. In 5 years I don't think it's overly optimistic to forecast earnings in the high tens or low hundreds of millions, if that comes to pass, a few dollars a share could easily be justified, especially if the share count diminishes.
Gary
If I understand the process, getting listed on the OTC will require a submission of audited records, I believe for the last three years, to the SEC along with other business disclosures. I believe the SEC has 45 days to ask questions, etc. if nothing is asked, the registration is approved. It is unusual for no questions to be asked, more likely there will be one or more rounds of questions. I say rounds, as every time a question is answered, the SEC has another 45 days to accept, or ask another question. I've been involved with another company which recently got listed after spending over a year in the process.
The good news is that when the company submits the information to the SEC, it becomes part of the public record. Once they apply, we won't have to guess any more about revenue, expenses, etc. they should all be spelled out.
The bad news is that during the registration process, most companies adhere stictly to a Quiet Period that can be found in SEC guidance. If it's anything like the other company, we won't hear a thing from the company until after the registration is effective, but we should see quarterly filings with the SEC.
In that CTKH has been in business longer, and was previously off the Pinks, I would hope its registration will happen rapidly, but don't bet on it, dealing with the SEC isn't an easy task.
Gary
As I see it, the MM's are a fact that doesn't change when you change stocks, they're everywhere. When the volumes up they don't have the control that they do when the trading's light, but practically every stock has lighter and heavier trading days. Occasionally they get burned, like any of us, when they don't know news is coming and it hits them hard.
I'm all for cutting back on what they can do, but they are a needed part of the system, if they can't make a profit they'll disappear and the system falls apart.
Gary
Thanks Orangeman,
That being the case, I find it hard to believe that CTKH isn't reporting, but with the exception of cash on hand, Fayiz may be able to put the value on his assets.
I don't know how you properly value the new ovens he's built, or the existing ones, or other equipment he's acquired. While I'm sure these assets are properly depreciated, they may be worth far more then the price they carry on the books.
As I understand it they build their own ovens, and how they build them may have a lot to do with why they can get the quality that they do out of their ovens. I believe their competitors would gladly pay substantially more than the value their ovens carry on the books for one or more of them.
I really don't know if ovens of this sort should be valued at a million a piece, or a hundred thousand, probably somewhere in between. I understand that Fayiz owns the property, but not in the company's name, so it isn't an asset of the company, they apparently rent it from him. I still suspect that if everything's properly accounted for we should exceed the $10 million in assets at any time.
Gary
Souza,
Just got back from Vegas, haven't seen the tables much colder in a long time. I usually figure to break even or better if I get just one descent shooter, this week it never happened.
Let's hope things get hot in September, certainly the temperatures will be a lot hotter. I usually get a great rate at Sahara, but this time we stayed a Casino Royal, which was compt for seeing a time share. It's a small place, but they do some interesting things in the Casino, in Blackjack you can play two hands and switch cards between hands, and they frequently have $2 Craps with 100 X Odds. I played there a lot but never really got going there. They have the right idea, the tables are always busy.
I really don't know why places like the Riviera, Harrah's etc insist on keeping there tables at $10 with nobody playing. If I'm going to play $10, I'll do it a place like Caesar's, Mirage, etc. not a 50 year old casino. If they lowered the base bets I'd bet they'd be astounded by how busy they were.
Did anything of substance happen with CTKH during my absents, I gather nothing did.
Gary
Chucker,
In crapless craps, the numbers 2, 3, and 12 can be your point instead of being a loss, you can also bet them like any other placed bet and get the appropriate odds.
I played the game a little bit the last time I was there, I'll see if it's still there.
Gary
Souzagotcha,
It's fine with me, but in Vegas I usually get my drinks for free at the tables. The Stratosphere had crapless craps the last time I was there, it was an interesting variation on the game. I may try it again this week.
I too would like to get to a 2 million share position, but I don't know that I'll do it. Much will depend on what other investments do. I'm not really concerned with a particular figure, if I'm right CTKH will make me wealthy, the only question is how wealthy.
As I mentioned previously, I'll be leaving for Vegas tomorrow and be there all week. I hope that when I get back there will be some exciting news about what's happening here. Perhaps I can win enough to buy that other million shares.
Gary
Souzagotcha, I'm sure all shareholders are invited, regardless of how many shares they own. I would imagine you can write of the cost of attending, but I'd suggest that you check with an accountant to be sure.
I'm sure that most tax software would except the expense, if I attend, I'll probably put in for it.
As I remember the reports of the meeting last year, the most interesting conversations occurred at the dinner the company hosted after the meeting for all who attended. I'd definitely plan on attending the dinner if they do it again.
I currently have just a million shares, but even if I don't add more, I believe that could make me wealthy in time if CTKH lives up to its potential. Becoming a CTKH millionair could take awhile, but a few hundred thousand could be in the cards in less than a year if the audited earnings for the last few years prove that earnings are growing at the rates that have been reported.
Gary
Souzagotcha,
If I remember correctly it was the week after Labor Day, something like the 8th or 9th of September. I gather they're incorporated in Nevada and choose to have the Annual Meeting there. Others who have been here longer could probably tell us when others have been held, I gathered that at least the last few years were held in Las Vegas.
Gary
Ceteksevenmillion,
I can see where Fayiz may not want to divulge too much, but I guess the question then is, when will he divulge it. I know he says he wants to move off the Pink's later this year, but what's to prevent him from delaying that as well if things don't get done.
Undergoing a complete audit is not an easy thing, once done it should be made public and maintained. If Fayiz lives up to his commitment to work to get off the Pinks this year, he'll need to file with the SEC by early fall, allowing them time to review and ask questions. If that's the case, and if the Annual Meeting this year is about the same time it was held last year, he should be willing to announce his intentions more precisely by then. I'm spending a few days in Vegas this week, but I hope to go there for the Annual Meeting as well if he goes there again this year. If he'd consider another place in Nevada, I clearly love Tahoe.
Gary
I believe the law says they must make the filing, but if they did have other choices they might have been wise. What concerns me is not hearing about other aspects of the deal. The REGDEX may have been premature if the partnership isn't being completed, if it is, I'll be happy to hear about it.
Gary
Orangeman, I think the answer's simple, and it's been said, whoever it was that wanted stock structured the deal to get him the stock at the current price. If you simply gave him $150K and said, go buy stock, a buy of that size would drive up the price, and he'd get far less stock. Furthermore, if you announced the deal before funding him or providing the stock, the news of the deal would drive the stock up even further.
I've seen other deals that offered other company's stock, typically they can opt for the stock at the time of their choosing before a certain date, the stock is typically priced at the average closing price over the previous 3 to 5 days.
I like the fact that a partner or seller wants shares, it's a statement that they like what they see in the company and believe the stock will eventually be worth far more then the current cash equivalent in time.
Gary
Penny, while I think you're right about the millions, the thing I'm having trouble with is earnings. If the company is truly making substantial money and growing every year, why is it necessary to acquire more funds by issueing stock at the extremely low prices it's bringing.
I realize they've added substantial equipment, that takes money, but what's needed is showing what we're earning. If CTKH is earning money, even if they're turning around and spending it on equipment to increase capacity, if the earnings are displayed, the stock will be worth substantially more, and substantially fewer shares can be issued to acquire additional funds as needed.
Gary
Geoly,
I agree with you, we all sometimes believe we heard something that wasn't said, likewise at times we say something that we deny saying, that doesn't make us liars, just humans.
I know of many cases where CEO's said something unofficially that created problems, was denied, and later was proven true, but I've also seen it go the other way.
CTKH has many unknowns, partly because it isn't a reporting company, but also partly because it appears to have several irons in the fire, it won't necessarily complete every partnership or acquisition, but I suspect that eventually one or more will come to fruition.
Gary
Thanks King George, I've heard that Fayiz keeps some tremendous hours so it doesn't surprize me that he's there on the weekend. What I don't know is whether someone is there checking that everything's running properly at all times.
I know we've all left the house with the oven on, I just don't know if you'd do it with 12 of the type of ovens that CTKH has.
Gary
Orangeman, I'm frankly not concerned. What concerns me is the ovens are fully utilized, and I gather they are. As I said, I would think they'd have the facility manned while the ovens operate, but I'm not certain of that.
To me operating two or three shifts doesn't matter, it's product that matters. If the ovens are fully utilized they're getting as much product as it's possible to produce.
In spite of doubling their capacity it appears that CTKH will shortly need more, and I believe they're working on that. Yesterday I linked an article that mentioned Samsung found the market for LCD Displays to be down, however, if CNT's are as good as they say, and if the price of producing them is lower than the LCD's or Plasma's, I think the demand will be far greater then for the current technology. I expect that by the year 2010 CRT's will be hard to find.
Gary
Orangeman, we know the ovens operate around the clock, seven days a week. I would think that someone's there all the time, but honestly I'm not certain that's true. If it is the case, it may be what JS was referring to when he indicated multiple shifts.
As I gather it, the process has been refined to the point that the unloading and loading of the ovens routinely occurs during the day shift. I'm not certain if schedules are such that ovens don't require action over the weekend.
I certainly don't know much about all the different media's they're producing. I would think that different media would require operating times, temperaturs, etc. What's exciting is in spite of the differences, CTKH can time the critical event so they can be done during the day shifts.
Gary
Orangeman,
I've not seen the actual document and I'm no expert on SEC regulations, but if I were looking to negotiate an acquisition that partially used securities to fund it, I believe I'd rather give warrants giving the right to say a half million dollars worth of stock at the closing price a year from now rather then $150K worth of stock at current prices. That would send a strong message that I expect the stock to more than triple in a year. Of course I very much doubt that Fayiz could say that he gave warrants vs. shares, but I think we'd be able to get the picture.
By the way, here's a link to where Fayiz might want to polish up his CEO training.
Enjoy,
http://www.borowitzreport.com/archive_rpt.asp?rec=1081&srch=
Gary
Here's an interesting article on LCD demand.
http://story.news.yahoo.com/news?tmpl=story&cid=581&e=1&u=/nm/20050307/tc_nm/tech_korea_...
I really wonder if people aren't waiting until they can get higher quality flat panel displays for less. From what I've seen the LCD's don't offer the brightness or clarity from almost any angle that plasma does, but they last a lot longer than plasma without degrading substantially.
As I understand it, the CNT based displays will both be clearer, last longer, and use less energy than either of the other technologies. I just hope it's not to long before CTKH is acknowledged as a leader in the development of CNT based displays.
Gary
King George, I'll agree with you. I think Round was given information confidentially that he was told would be made public. Unfortunately, I believe the situation at CTKH changed, the information wasn't made public, and eventually, partially out of frustration Round revealed more of what he knew.
What we don't know is whether the situation a CTKH has changed so much that what Round knew is no longer true, or if they're still working on what they were when he visited them.
I've been involved with other companies who've successfully executed partnerships that took years to complete. Investors tend to think these things take weeks or a few months to consummate, but some times they take years.
I believe that both Fayiz and Round have been truthful about what they thought they had said, however sometimes what's said and what we hear are two different things. No one is lying when he expresses his belief as to what was said, but if you had a recording to listen to you might find that neither represented exactly what was said properly.
Gary
Chucker, you're welcome to forward my thoughts to Fayiz, however, I've got to believe they're well informed and have a plan of action. As I understand it, the Attorney that attended the Annual Meeting has an excellent reputation in the field of corporate law, I'm sure he would have discussed the potential of doing an IPO on DisplayTek as well as other possibilities with Fayiz.
I believe Fayiz is actually biding time until he has further news on acquisitions and the books have been audited. I believe that much can be expected from CTKH over the next year but it will only happen when Fayiz and his staff are ready.
Gary
Orangeman, look at where DisplayTek might be if Fayiz established the company with say 50 million authorized shares and current CTKH shareholders received one share for every 200 shares. That would put something over 20 million shares in existing shareholders hands and give Fayiz a great deal of fundraising flexibility with nearly 30 million shares available to him.
I would hope that if the DisplayTek rollout was properly done, the company could bring $2 or more a share, equating to one cents a share in CTKH. If it did, Fayiz could potentially bring in over $50 million by doing an IPO. The key IMHO is bringing the stock public with a major brokerage responsible for the IPO. It's possible that a major brokerage could create enough interest in the new issue to generate much higher prices, and therefore more than $50 million. However, if I were Fayiz, I'd keep some of my powder dry and only authorize perhaps 10 million of the new shares in an IPO, the lower outstanding shares could also generate a higher offering price.
It's just my honest opinion but it's very possible that the shares in DisplayTek, even with only one for two hundred, may be worth more then the shares in CTKH, the parent company.
Gary
Orangeman, as I understand the process it takes days in the ovens to yield the media. The timing may be such that all ovens can be turned over during the normal day shift so additional shifts aren't required. In that the ovens are working 24 hours a day production may be at its maximum even with one shift, however, I'd be surprised if nobody is present while the ovens cook.
My point is that additional shifts are of no benefit if the ovens use is already maximized. We don't know that for a fact, but in the past that's what's been indicated. If the cooking time is essentially three days and the start times are staggered, four ovens a day would have to be emptied and refilled in order to keep production maximized.
Gary
Geoly, the one reason Fayiz would need to open the books would be if the purchase involved stock or warrants in the company. In that the attorney apparently filed the REGDEX, it sounds like some stock was part of what Fayiz was proposing to pay. Whether it was Valley Design or someone else they're talking to, if I were the one being acquired and was taking a substantial part of my equity in stock, I'd insist on seeing, or even auditing, the books.
Gary
Jerry,
I doubt if we'll get to Signal Hill.
We're very close to Manchester and Lincoln, if you're going to be nearby let me know. You can reach me at skitahoe@yahoo.com.
We have a place in Incline Village just above the parking lot at Diamond Peak/Ski Incline. I wish I were there but doubt if we'll make it there for a month or two.
Gary
Jerryrth,
If you can get on Scottrade's streamer I believe you get real time quotes on the pinks. I'm not certain whether you must have a Scottrade account.
By the way, we're neighbors, I'm in Westchester.
Gary
Garden Rose and Geoly, I believe both of you have the right idea about how a R/S can be done to the benefit of shareholders.
R/S's are disasters when companies trading for pennies or less decide to get to a dollar or more with splits like 100 to 1 R/S's with the thought they'll have credibility by getting back to a dollar. I've seen several where they were back to pennies in a matter of weeks.
If Fayiz is able to build the share price to 25 to 50 cents investors should support a decision to move to a more prestigeous exchange through a resonable R/S, I like 10 to 1 or less. I believe if an R/S brought the stock to $2 or more it would take little time to build it to over $5. True, we'd only have one tenth the number of shares, but who of us wouldn't be thrilled with 50 cents today.
The good news is if the stock gets on the Nasdaq by reaching $5 it won't stay there very long. $10 and beyond could be just around the corner if Fayiz continues growing CTKH at anywhere close to the way it seems to be growing now.
Gary
There were a number of people last week who said we could expect 2 PR's this week. The one we saw this morning had nothing to do with an SEC filing. Hopefully the next one will clarify what was done, and why.
I'm hoping it involves the Valley Design or other acquisition. From someones comments Fayiz wasn't even aware that it was filed. It was probably something he signed as part of a much bigger picture action, but legally it probably had to be filed before the bigger action could occur.
Tomorrow might be pretty bloody if there's no information about why it was filed however we might be overjoyed when we learn the reasons.
Gary
Jim, that may currently be the case, but in the long run if they can supply the large flat panel displays of the future, I think TV's and computer monitors should be a major part of there business. I would expect that a 4 ft. by 4 ft. media would be worth far more than 16 1 ft by 1 ft media's. I would also think they could make the media in precisely the 16 x 9 widescreen format that's currently used for high definition TV.
I don't doubt that Fayiz has plenty of orders, and you don't want to turn down business, but I hope the future is filled with lots of the larger media that should sell for several hundred, to perhaps thousands of dollars each. On the smaller side, the internals of fuel cells may provide an opportunity that's huge as well.
Gary