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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
Bigpickn, from what I gather Fayiz is very innovative, if CNT media can be produced with the equipment he's developed I believe it will be.
As I understand it his forte is creating media that's of very high quality, I believe if there's anyone who can create CNT media that's big enough and of high enough quality to use in a large flat panel display it's CTKH.
Gary
I think the biggest question is, could CTKH make a CNT based flat panel display without infringing on Motorola patents, if they could, they don't need Motorola.
I hope this doesn't sound far fetched, because it isn't. I heard a story years ago how a group of scientests and inventors took a look at how a colored image could be generated with a CRT. They found there were four ways of doing it, three of which were patented. They patented the fourth and the Trinitron tube was born.
From what I saw in the small demo unit, Motorola really hasn't mastered CNT technology, at least not with the image shown on the prototype. My point is that CTKH and others can find other ways to produce a display with CNT's. There's little doubt in my mind that it's the future, but there's more than one way of getting there.
Gary
Something tells me Fayiz doesn't care how much we respect him now. If he's able to do what he's planning to do he won't need to worry about it, he'll get plenty of respect.
The question is, what would he have to do to gain respect. Would you respect him if he rolled out a 40" CNT based very high definition display that was totally built by CTKH. How about a complete ceramic fuel cell that could be mass produced for the same sort of price as most rechargeable batteries.
I really don't know his goal, I doubt if he's looking to make a finished product yet, but he will be in the future. My point is, if he does what he's planning to do he'll get plenty of respect. If he had all our respect today and failed miserably he'd just lose it. I don't think he's worried about it right now.
Gary
LMO, I think you really missed big time on this post. Perhaps you meant to say that CDEX at $.25 over the current price is a great buy, I think it could prove to be.
I know the company's said little to investors, but finally it's actions are starting to speak louder than words.
Why not admit the company seems to actually doing things right, and perhaps in the not too distant future we'll all be well rewarded for our investments.
Gary
Something just happened in Hollywood that seems to happen frequently, a package left on the street is resulting in an evacuation of the nearby area and stopping all street traffic.
I bring this up because it seems to me that a device of the type that CDEX had previously made should be able to scan the package and rapidly determine if it's really a problem.
My point is that while we may not have scanners that can scan a broad area to determine if there's a problem, as we'd like to have, the scanner we do have is capable of resolving problems like the one above in minutes. This type of problem frequently takes hours to resolve, and frequently results in the package being blown up only to determine there was nothing harmfull inside.
Strategically placed scanning devices could probably assure that packages were scanned within 30 minutes of them being found, far quicker than that in Airport's, etc.
Gary
Did everyone see the news on MAGR today? Reno has sold his preferred stock to a Chinese Lighting Company who's taking over the management. You can read about it over on Yahoo.
I don't know anything about the company other then the fact they're supposed to be successful. Hopefully they have the financial support needed to at least meet MAGR's side of the Placer Dome partnership. Perhaps they have the resources to also develop a mine themselves.
Hopefully in the near future we'll learn far more about them as well as the mining claims that they now own a controlling interest in.
Gary
LMO, that must be one hell of a garage. From what I've seen the units have a very professional look, they must have quite a shop there.
On the other hand, they might be doing some assembly in a garage. If the people making all the components they're assembling can produce them by the thousands, gearing up final assembly should not be a problem.
Gary
LMO, as usual you fail to believe what the company says. They previously indicated they had contracted for the necessary manufacturing capability. I believe the same people who produced the few units that are currently in use can produce thousands rapidly if the demand is there.
You constantly fail to believe that the company will do what they say they will, when they do it you find something new to say they cannot do. When will you believe they're not lying to you.
Gary
D4diddy, that sounds like a Catch 22 proposition. They'd be hard pressed to run a major marketing campaign without more funding, and they'll have trouble getting funding until they run a major marketing campaign.
I know there are alternatives, private placements, etc. but they don't work to raise the price. If CDEX really has the goods in ValiMed, I believe it can prove it to a major Brokerage house, and if they do they can run an IPO.
How would you like to see a road show where brokers are invited to bring in pills, labeled or unlabeled, and they'll be told what's in the bottle. I think such a presentation would be very impressive. Who knows, some of them might find they're being ripped off.
If in reality the ValiMed can perform as well as we've been led to believe, the stockbrokers should be very impressed. I have a feeling that volume and price will rise as soon as such a road show starts.
Gary
It seems to me that Waterville and other recent PR's signal a change in the company's approach to public relations. It appears that they are starting to tell the CDEX story.
It's just the beginning, but it's a start. If it were up to me, they'd find a major brokerage that was willing to do a proper IPO to generate say $10 million. If they did this properly, with a Road Show that had the company speaking to brokers in all the major markets, I think they could raise $10 million with less than 5 million shares, perhaps as few as 2 million. Funny things start to happen when major brokerages become involved in an offering, they generate interest in the stock.
Beyond that, I'd like to see a conference call and webcast as well as regular updates to the website, including new CEO messages routinely.
What's important is things seem to be starting to happen, let's hope there's a lot of follow through.
Gary
Thanks for providing the link Orangeman, I used it and happened to find this from 1999, does anyone know if the materials discussed in this link are currently used in making flat panel displays now.
http://www.findarticles.com/p/articles/mi_m0EIN/is_1999_August_18/ai_55493220
I really have little knowledge of what's in most current flat panel displays, but I know that they are looking to finding units that use less energy, especially for things like laptops where the display is the greatest energy user. CNT based displays are supposed to be a quantum leap forward when they're available.
Gary
It seems to me there is no way of putting the R/S rumors to bed other than achieving a price of $5 or more so the stock can move to the Nasdaq without one.
I'm not saying this is impossible, but I'm not anticipateing it for at least several years if CTKH became a dominant force in providing ceramic media's of all sorts. Please don't get me wrong, it could happen even sooner if CTKH developed something that others couldn't live without.
What might such a thing be, I certainly don't know, but a breakthrough that permitted CNT flat panel displays to be built to virtually any size might be a step in that direction. Likewise the critical ceramic components to fuel cells that could power everything from flashlights to cars could be another.
Forty years ago when I was in Engineering School two things I remember as being almost a certainty. One was the ceramic gas turbines that would be very efficient when compared to piston engines, they were expected within a decade, 20 years for sure. The other was fusion reactors that would provide cheap, plentiful electricity, that was expected by the turn of the century.
I'm sure that some prototype ceramic turbines have been built, and controlled fusion has been achieved, but not sustained. The key to cheap ceramic turbines involves finding ways to mass produce them. The key to fusion reactors is finding a material that can take the heat of a sustained reaction. In both cases ceramic technologies may provide the answers, but I'm not certain if they're even being worked on any more.
My point is if CTKH made a breakthrough that companies throughout the world were willing to pay for, it could become a giant practically overnight by licensing the breakthrough to others. Let's say a CTKH produced CNT based 50" flat panel display used 25 watts, a 50" liquid crystal projector used 250 watts and a 50" plasma display used 500 watts, if it were up to me, only the CNT display would be legal as we need to reduce our energy use. We might also find that CNT panels are far more energy efficient for lighting than anything currently existing, not only that, but you can control the color as well as the intensity. When your TV or computer isn't in use, you might use it as an additional light source. I gather it's life expectancy will be measured by decades, or perhaps even centuries.
I'm not saying CTKH has these things, but if they did, and if they could do it better, faster, and cheaper than anyone else, I don't think it would take that long to get the price above $5.
Gary
LMO, I like to skim through what's here and do so routinely. I also routinely find you essentially saying you're right, all the others including the courts are wrong. You call people liars, say the company's lying, yet over the roughly two years I've been involved with the company, I cannot remember a single time when you've been right when you said something the company indicated it was doing wouldn't happen.
I don't doubt that some of the legal problems you raised cost the company time and money, but to date they've overcome them. I don't believe your campaign to take over the company has had any legs, if it did you'd be telling us of the millions of shares in the hands of shareholders supporting you.
Why not try working with the company, rather than against them, you might find they could actually use you in some capacity, though I don't know what it might be.
I don't know if this message will remain available long, as it seems you regularly remove what you wish to remove. I really don't believe that's what Investor's Hub intended, but until they remove that power, I suppose the power enhances your self importance.
Gary
OT, In the torah it's much more frequently refered to as Adonai.
Gary
No it doesn't disturb me at all. There are many people on the net who have many identities, I'm just not one of them.
Gary
King George,
We all tend to view ceramics as the product that CTKH makes, and certainly it's a major one, but the ovens it makes for other companies may also be a major profit center for CTKH.
I agree with your conclusion the devices you saw were ovens. They probably were awaiting shipping. Perhaps when they are delivered and put to work CTKH will be paid for them, and maybe that will be considered a material event, resulting in a P.R. Let's home so.
Gary
INET, if you're referring to me, I've never gone by anything other than my name and skitahoe, I'm not Crow.
Thanks, I've added the link in SI where I am also active. It seems like LMO tries to control as many sites as he can. He must be a very busy man just keeping up with all the CDEX sites where he wants his opinionated views to predominate.
I just hope that MP isn't holding back information because he thinks whatever he does will simply result in further conflict with LMO and perhaps others. It seems like there are people like LMO involved in almost every stock, at least the majority I'm active in.
By the way, I'm Jewish, if there are others out there who are active here, Happy New Year's.
Gary
INET, is this the other board you were referring me to, or is there a third such board. LMO has removed your posts so all I got was the first line in my mailbox. I don't pay for the service so I couldn't reply to you privately.
Gary
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