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Yeah Orange, that's a cute little technique for buying Cetek shares on the cheap. Just put that bid in a penny above the bid, and give it a four share ask slap, and voila you get filled at the bid. That's the game here. If you're lucky, the MM is angry and fills all or most of your order. But if not, you just ask slap again until you're filled. Eventually, he's going to run out of shares that way.
Brezlin, if you ask me, there are two people we should definitely try to contact besides Mr Hilal. And that is Gordon Love and Gabe Cohen. They are members of the board and supposedly accountable to shareholders. As such, they are as negligent in their fiduciary responsibilities to shareholders as Mr Hilal. That's where I'd recommend you start, if they can be located, but definitely wouldn't involve family.
Penemy, it is non-productive of me to contact Mr Hilal. Until the last call in early April, he had been regularly hanging up on me. And this time, he did let me finish saying that the shareholders were happy about the ITAR compliance and the recent hiring spree, before he said "I cannot comment, good day" and hung up.
I have told the story several times how way back in 2007, after I had several friendly conversations with him and I was asking him about the stock buyback that he had partly accomplished (90 million out of 500 million shares), and I asked him when he was going to move forward since the stock price was so depressed...I think around .0004 at the time. He asked me if I thought I could run the company better than him, and I responded without hesitation, "yes, the financial part". It was an honest answer, so I don't regret it...lol But it has been click click click ever since. All that Neanderthal in him, and he doesn't have the manliness to accept a little deserved criticism.
So...probably the best person to call is Ramspace, but he has even clammed up on him as of late. DrLArzo would be my second choice, although he called about a week ago. So maybe Craig Wolf with the Poughkeepsie Journal is the next point of focus. but I suggest we wait until the end of the month to do that. There's always a chance of another filing or an actual PR at that time with the NY incorporation.
You always feel threatened Orange when we say anything about the MM tactics. That's like yelling "FIRE" in a theatre to you, isn't it? I really don't care what you think Orange or your innuendos that you know something no one else knows.
Hilal must have about bankrupted you years ago for you to have such vindictiveness and hang around the Cetek message board for ten years trying to suppress the stock price. I suggest you use that anger to do some research on some stocks that will get you a reward, if you don't feel the reward is here.
But I'm an experienced trader and I know when MM games are being played. I know your position is that they are completely honest and totally bound by the rules, but I watch everyday as they violate the basic rules they are sworn to, like showing the proper bid/ask size. So don't try that nonsense with me.
Great summary post Burlapto. We have a very illiquid stock with maybe a couple hundred thousand shares available for trading. As I cautioned last weekend, there are only a handful of stocks on all exchanges that have a lower float than this one after the reverse split, and we have to get used to the volatility. This morning a four share trade for $2.08 took the stock price down about 40%. Then a 20 share trade for $17.80 raised the price by over 70%. Then an immediate 600 share response sell took the price back down 40%.
With these MMs, if you want cheap shares, just put your bid in a penny above the current ask, and then do a couple share ask slap. Then they will immediately dump shares at the bid, so threatened are they by the stock trading at the ask. .
Pay, I'd recommend you read the commentary on the HTI website under "TOUR" about how automated things are. I would speculate the same is true for Cetek Inc. So IMHO and very speculative at that, I think the company can go forward without Hilal, although they would lose significant ability to customize products to future customers, because of Hilal's engineering talent. I really have no idea what percentage of their business is just standard versus customized. It may not be all that much at this point because they maintain inventories of most of their products. From the website, they indicate that Belanger can customize products, but that's machining, not ceramic engineering.
Plus, from what I've heard, I think that Hybrid-Tek has operated fairly independently of Mr Hilal. Every time someone has reported a contact with Hybrid-Tek thru Ms Califano, she has indicated when asked a question about Cetek that she knows little about that operation. From the TOUR video, they seem to have the ceramic furnaces to create their own ceramic materials independently of Cetek Inc. Plus, most of their business seems to be with microscopic circuits which do not use the larger substrates that Cetek Inc, produces. And many speculate that Hybrid-tek is really the crown jewel of the whole operation.
As far as Mr Hilal's health is concerned, I do not have first-hand knowledge, but have been told that it took a turn for the worse last fall. I do know he had a significant heart issue way back in the middle of 2006, and he is as Type A as any man who has ever lived. So health could definitely be a major factor in all of the recent developments.
I'm sure I sound a lot more like a dime or a quarter or silver dollar Releasemas. The Cetek glass is full...just have to figure out how to get the top off of it.
Good morning Paytheask. You'd like to think there's something besides advanced ceramics technology going off in Mr Hilal's brain, but admittedly we're still waiting.
I've always been a proponent of "whatever it takes" to have him exercise his fiduciary responsibility to Cetek shareholders, we need to do. After May 1st, I'd certainly be open to a big push to get that update. I would say if you don't think he's going to ever give us a PR, then definitely don't buy more, especially at the ask. Of course, bid-sitting will further depress the share price. But this is definitely not a fast money play..it's a patience play, although with Hilal's poor health, the time frame is definitely shortening IMHO.
4 shares were sold at the open at the bid for a 37 cent decline in the share price. Then each time there has been a buy at the ask, there has been an almost immediate small sell at the bid. It's apparent that the MMs, or whoever has been bidwhacking this is still up to their tricks of manipulating the share price down. And unless there is an equal pushback by buyers, then this will continue to have a very negative tone all day long. It scares away potential buyers when they lose almost 40% of their investment on the next trade. So psychologically, until there's a catalyst, it is going to be tough to overcome these share price suppression techniques, even the obvious four share sell at the open for $2.08.
Obviously we need Hilal to provide the buying catalyst, but your guess on the timing is as good as mine. He may want to buy back a chunk of the company first for as little as possible. Definitely not shareholder friendly, but for the ones that gut it out, it would be a much larger reward if that's his plan.
Releasemas, you are welcome to do some Cetek research and provide something besides snide one line remarks to the board. I was thinking yesterday as I continue to see your fairly relentless one line posts, what contribution are we seeing from you? If you want to see foolishness, go back and read your last 50 posts.
And if you think it's intelligent to applaud someone who says the CEO does nothing but lie, and yet refused to cash in $20,000 a little over a month ago, then so be it. Also, if you think it's intelligent for someone to root for the destruction of the long-term shareholders' value here, of which you are one, I don't think that's especially bright either.
Penny, please get off the ego thing. The Cetek board isn't about you and it's sure not about me. It's about posting our due diligence and opinions about Cetek stock. I could care less about some personal confrontation with anyone on who's right or who's wrong.
But one thing about Cetek stock, if I'm wrong about Mr Hilal's intentions, then a lot of outstanding people who I know thru the internet and who trusted the CEO over a ten year period with their funds are going to be hurt. That's the main issue here..we need the CEO to act on his fiduciary responsibility to shareholders. I think he will, and you alternate between "maybe" and "no way jose". I guess you can't lose if you straddle that fence.
I hope you understand that it's probably offensive to most Cetek long-term shareholders for you and others to cheer when the stock goes down and you're happy that the CEO is still acting in a manner not helpful to shareholders. You get all excited for the moment that you're right and I'm wrong. I'm not wrong about anything. I said that Cetek is undervalued, and I and others have provided ream after ream of DD to prove that. It's not even debatable at this point. His proprietary processes alone are worth many millions of dollars.
I think that Mr Hilal's interests and ours will intersect in a higher share price. You seem to think not, and it's within the realm of possibility that Mr Hilal's brain is so distorted that it won't happen. If that gives you some sort of ego victory that all the long-term shareholders get destroyed, then doesn't that put you in the same camp as Mr Hilal? You don't like Cetek shareholders?
Over the years I've learned a lot about this company and as a member of this board for the last several years, I've tried to update people on what I've been able to find. I have a large position, but a position reflective of what is a reasonable amount of speculative funds for me to invest. Most of it disappeared for seven years, so seeing it trade between .0001 and .0002 pre-split is a whole lot better than zero. Based on what has happened in the last 10 months, we are a whole lot closer to something good happening for Cetek shareholders. Does that mean it's going to be an easy wait or that Mr Hilal won't continue to make shareholders feel they're screwed until he's ready to announce something? Unfortunately, probably not. But if he wants to maximize his financial gains, he needs a higher share price. Otherwise, he loses too, and ultimately I don't think he will screw himself to spite us.
Please Penny, should Cetek stock price rise dramatically, do not waste your time saying I was right. My ego doesn't need that, and I could care less about that. On the other hand, if Cetek shareholders get destroyed and the stock hits trip zeros or even sub-penny, then I will be happy to say to you that you were right, but PROFOUNDLY sad for all the shareholders here who had the incredible misfortune of picking a company which should have rewarded them greatly, but the CEO was too corrupt to let them share in the rewards they should have experienced. Of course, in that case there will probably be all kinds of activities before Mr Hilal is off the hook.
Ramspace, I saw your earlier post and didn't think a lot about the significance of the date. But on second thought I believe you are absolutely correct...that technically the incorporation expired on April 11, even though it may be effective until the end of the month...not sure about that.
But this "coincidence" does appear to be lawyerly, that he doesn't want to leave any crack in the incorporation status. And no doubt, that would probably relate to the ITAR compliance issue. So yes, I do agree with you that the date was important to achieve on the anniversary date with the NV registration.
Great post StockingUp. There's no guarantee of success with any penny stock, so you have to do some research and play the ones which seem to have the most potential reward. Cetek has to be one of the best researched companies of all the pink sheet stocks, and if you read the DD you know you're getting a real company, but you also know the CEO has been quiet for many years. The fact that there is so much information about Cetek despite Mr Hilal's silence is because it's a real company with all kinds of legitimate internet links. Just ask Penemy.
Incidentally, I was talking to an experienced broker the other day, who told me that he had seen several instances where the CEO went completely dark for years and then emerged as a successful company and a much higher share price. So it isn't unheard of to be silent for a number of years. Unfortunately, it's perfectly legal as a non-reporting Pink. IMHO there should be no such thing as a non-reporting public company.
By nature, people who are invested in penny stock plays are instant gratification types. Penny Stocks can soar thousands of percent in a day or two, and then come right back to where they were over a relatively short period of time. So penny investors know they have to have a short-term mentality in most cases. Just look at the MJ stocks that had multi thousand percent runs, and are almost all now in a state of steady decline each day. The vast majority of them were just hype and zero substance and there will be nothing left at the end of the day, unlike Cetek.
We have recently picked up a number of short-termers in Cetek because there was a lot of hype about the Revival for $46,800 and Mr Hilal's ill health. But many of them have already moved on because it's going to require the slow-moving very silent Mr Hilal to PR his plan. I definitely think it's worth the wait from here, but others who think they have better stock ideas and need the cash for another play, then that's their privilege to move on. But right now, the good penny plays are few and far between, so good luck with that.
You just have to have faith in what we do know. Although logic and valuation sometimes take a long time to get recognized, eventually they do. And also, you can't be too concerned about people who derive their egos from taunting others on an internet message board, despite doing no research. You have to use them to your advantage in building whatever position you wish to build in a stock.
To which I reply Penny..I am typically up late at night. I have a very high energy level and as of late, some of the better Cetek posters like Ramspace and Penemy and StockingUp are up, so it's a good time to exchange ideas with some people who actually do serious research. And I don't have to get up to go to some 8 AM job. The only problem with this late night thing is that you seem to be lurking every minute of the day and night to confront me..I love it.
I'm not backtracking on anything..there appears to be method to the madness. And I think patience will be rewarded. But your "flipper" mentality seems to take its toll on some, so way to go Penny. I'm not encouraging anyone to average down in CTKHD..that is their business not mine.... merely stating that the opportunity will exist until a PR is released.
I posted this to you the other night and will continue to respond to all your confrontational posts this way, and I'd really like an answer to the final question:
Penny, after 10 years, you have suddenly adapted a flipper mentality. Your shares sat at no bid for at least six years out of the last seven. That was a big goose egg in your account. And right now there's at least a positive number in your account.
A little over a month ago, you decided to turn down $20,000 for your little Cetek nest egg. Obviously, you had trust then Penny that Hilal would do the right thing. $20,000 doesn't make you rich, but it's a considerable amount of money that you don't just toss away. Why did you toss $20,000 down the drain Penny? You obviously felt a month ago that $20,000 was well invested in Cetek stock or you would have sold. And now you can't tell us often enough that you don't trust the CEO. It just doesn't make sense Penny. You left $20,000 invested in a CEO that you think is almost certain to screw the shareholders, including you.
Others here are invested in Cetek because we think despite the fact that Mr Hilal is a communication-challenged non-considerate person, that he has built a good profitable company that will someday trade at a valuation reflective of its success. You on the other hand have left $20,000 at risk when you're almost certain you will lose everything. Why would a smart rational person do this to themselves? There' a lot that you could do with $20,000 that would be way more fun than bashing the CEO on a message board each night.
Just think, if you had sold for $20,000, you could be posting from a tropical island somewhere how much smarter you were than all of us. And we'd probably be agreeing for the moment. But you knew Penny..you knew he would remain silent, and yet you rode the ship down, for at least the time-being. I ask again. Why would you do that? you knew and yet you tossed away $20,000. Why would a person do that? Doesn't that make you more foolish than all the people who are invested because they think the CEO will eventually act in the shareholders' best interests as well as his own?
Hi Late Nigh Team. I know it's difficult to watch the Cetek stock action in the absence of news, but I think we knew this would happen in the absence of a PR explaining the grand plan.
My thinking is that there is a reasonably good chance of some kind of an announcement at the end of the month or early May about the NY incorporation, but even that could be well shy of what we would hope, meaning no financials. (Hopefully, it would require a 15c2-11 but cannot confirm this.) I still see no reason to think any differently than we have thought for the last couple months that there is a plan to either become an exchange listed normal company to gain respectability and maximize the ITAR compliance benefit, or to prepare the company for a sale.
But I realize there is going to be less and less patience by shareholders who have been convinced that Mr Hilal spends most of his day figuring out how he can screw his shareholders, of which I might add. he and his family and friends like Gabe Cohen and Gordon Love are as well.
So it's a painful waiting period, and I say shame on Mr Hilal for continuing to put his shareholders thru it, but probably best not to go with the scorched earth policy yet. There will be plenty of time for that and plenty of ammunition as well should the silence continue beyond tolerable limits. Meanwhile, we will see short-termers and maybe even some long-termers bailing and providing opportunities to long-termers who want to average down or new comers who see a short-term or a larger long-term profit opportunity. That's what makes a market.
Interesting day here on the Cetek board. The bashers were pounding their chests for awhile, but that late day ask slap kind of took the wind out of their sails for the evening. Too funny.
End2war, Mr Hilal did one reverse split before in 2002. Despite being told that he had an error in the 15c2-11 report, he never corrected it. That was back when he was suffering from what I think were his first heart issues. This was probably a med issue.
Again, just to be clear, he erroneously reported the same reverse stock split twice. You have been on this board long enough to know there weren't two reverse splits in a year.
Now Orange, I know you're getting excited about a slightly down day for Cetek, but don't go saying ridiculous things. That assumes that none of the MMs have shares bidding below their highest bid. Using your deceit, I could say that there are currently less than 10,000 shares before $25.
Oh, it is so much fun to see your posts go thru the roof on an even slightly negative day with Cetek stock.
Hey Pay. I would normally be supportive of ask-slapping and honoring your name. However, the minute you do, then an MM will just offer shares for at least a penny less than you just paid.
However, between (1) the nervous nellies here and (2) the Tandem Duo bashers and (3) the MMs who are clearly trying to suppress the stock price, and (4) the fact that the penny stock market utterly sucks right now, I say it's better to bid sit for now. Let them bring the price down so low that the float gets locked in very strong hands at ridiculously low prices, and then you will get your powerful upside. I don't think there's 1% chance that we see anything in the way of a PR before the end of the month, although I hasten to add that I know nothing for certain about that. However, I did predict correctly that there would be no PR on April 21st. Everyone here has a limited amount of money to invest in Cetek. Make sure you get as many shares as possible for that amount.
End2war, I called the NY SOS and talked to a very nice person with a strong NY accent. She informed me that Cetek Technologies #4561054 is an "active incorporation". She did not understand the domicile question, but repeatedly said that it is an "active incorporation as of April 11, 2014".
Secondly, I asked her if she knew how I might find information about the NY taxes paid by Cetek Technologies. Since you are good at giving me jobs to do, I will give you one. Go to WWW.Tax.NY.Gov Then search DTF505 and this will give you the document for the authorization of the release of the photocopy of tax documents for Cetek Technologies in the state of NY. She provided the information to me on the basis of my saying I was a large shareholder.
Too funny Tnbound. Maybe we can get you a temporary waitressing job in Poughkeepsie. I'll be happy to recommend you and you can use me for a reference.
Sorry about that Cetek ask slap today. Nothing worse in the stock market than trying to lead the charge and find out you're all alone against some massive counter-offensive by the enemy. Right now that bid-sitting I suggested gets you a whole lot more shares for the money, although admittedly it does require patience, and won't set off any fireworks for awhile. Plus, you can benefit from the flow of the MMs who appear to be very supportive of cheaper shares, like swimming downstream as opposed to upstream.
The defensive posture here of accumulating the several hundred thousand shares of float for the lowest possible price will eventually yield rewards. It's not going to be too tough to lock up the remaining shares in strong hands of people who have read the available DD, and then things will get interesting once a catalyst hits.
Morning Ramspace. I think we're good here, but I will call the NY SOS in the morning and just confirm what we think we have. No need leaving any doubt when a simple phone call will clear up any potential mystery.
Thanks for your earlier DD post. Excellent concise work. You are making it too easy for some of the less diligent shareholders here...Lol
End2war, what makes you think it isn't a registration change? Mr Hilal never had Cetek Technologies registered in NY for the last 25 years he was doing business there. We thought it probably had something to do with this.
http://startup.ny.gov/?utm_source=Google&utm_medium=CPC&utm_campaign=StartUpNY
Well..I was about to tell you that I saw it all in my crystal ball, but actually nothing that dramatic. I found it on the NY SOS website with an assist to Penemy, when I typed in Cetek Technologies. http://appext20.dos.ny.gov/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=4559603&p_corpid=4561054&p_entity_name=%43%65%74%65%6B%20%74%65%63%68%6E%6F%6C%6F%67%69%65%73&p_name_type=%41&p_search_type=%42%45%47%49%4E%53&p_srch_results_page=0
As you can see it was filed on April 11th, and the Nevada license expires at the end of April.
In the NY statutes for business, there is a requirement for annual financial reporting to shareholders. It's a much more friendly state to the shareholders than Nevada. The fact that Mr Hilal is moving to NY tells us that transparency is coming to the Cetek operation. And coupled with the huge reverse split which also split the authorized and preferred shares by the same proportion, it is not a very big leap to see that Mr Hilal is finally headed for the higher exchange he promised back in 2004 or 2005.
Penny, last night you asked me how I could possibly be optimistic about the Cetek outcome, even suggested I was drinking the Kool-Aid (which personally I find one of the stupidest phrases ever uttered. I always associate that phrase with your new buddy Roundmot, who seemed to think it was the most incredibly useful phrase in the English language.).
But anyway, back to my point, you have now known that Cetek and all subsidiaries were ITAR compliant for at least six weeks. Not once have you even acknowledged that as an important development, even though several of us have been screaming about its importance to an optimistic outcome. And now all of a sudden, you decide to finally research what it means??
I welcome you finally doing some research, but it sure is strange that a guy who had $20k tied up in this stock just a little over a month ago would not check into this in a timely manner, especially if he had some good sources of information.
Good luck with the research, but your actions continue to defy my logic.
Rick-Manly-Apple, Cetek stock is up and the Tandem Duo are very quiet today. Hmmmmm
End2war, it's good to see you're back posting. I was concerned about you when you disappeared right after you suggested the certified letter writing campaign. You kind of let us down on that, but looks like it really might not have been overly productive, given the discovery of the impending domicile change to NY. So glad you're back and apparently ok.
Dizdean, thanks for laying the groundwork with the Poughkeepsie Journal. I think I will hold off calling before the end of April, but appreciate that you have opened up this option. Of course, should there need to be a blitz, the Poughkeepsie Journal will just be the tip of the media iceberg. Member mark for you.
I agree Camerabug. After the early morning buying spree, it was funny to see every ask slap hit with a few hundred shares offered at a penny lower ask all afternoon.
Well..after we get a few negative nellies bought out, the float will get locked up, and then things will get interesting, even as we wait for news.
Penemy, nice find. I had not seen this one before, probably because it is a fairly recent deal. It seems that most of the Cetek contract information that we've found over the years is related to Universities. Georgia Tech was another one. I guess that makes sense, since the Universities would be doing advanced research and require Cetek's bleeding edge technology to assist in their advanced scientific research. And of course, as public entities, they have to make all contracts publically available.
Outstanding post re-actor. To hear our Tandem Duo speak each day, you'd believe that Mr Hilal spends more of his day plotting ways to screw the shareholders than running his advanced ceramics business.
"Is it not very well possible that FH performed this revival and R/S because he sees opportunity that would otherwise be not attainable?"
This is the essential point for the shareholders and very well stated. And this is exactly where we are...that for Mr Hilal to achieve his financial objectives, he has to do it thru Wall Street, by getting his stock on a higher exchange where the results of his labor get high PE multiples. It doesn't matter whether Mr Hilal appreciates his shareholders or not. He either has to sell the company or get the stock price to where it reflects the true value of the company so that he and his family can benefit the most financially. And I remind everybody that this is a public company, soon to be domiciled in NY where there is a requirement to provide financial reporting to shareholders. Finally, the shareholder interests and Mr Hilal's financial interests are becoming aligned.
Hey Penny, I actually agree with some of that post. While my feathers definitely aren't ruffled, as I just view a lower share price as a buying opportunity. If Antonio is correct about his $15 prediction (or .0025 pre-split), then my eight shares bought today at 12 cents apiece or a total of 96 cents will be worth 120 dollars...not a bad return if you ask me. And I'm counting on you and Orange to get me about 25,000 more shares down there.
If ITAR compliant, selling weapons grade materials around the world, a non-diluting stock-split which seems designed to put Cetek on a higher exchange, $10 million or so in revenues and a $600k market cap, 45 employees and hiring up to eight more, possibly a huge contract announcement, a world class subsidiary in Hybrid-Tek, an apparent strong Corning connection, and an aging CEO not in the best of health constitutes drinking the Kool-Aid, then I'm guilty as charged. No need to debate that point further. I will go down with the ship on that DD.
That aside, I agree that FH is doing his own thing and that he doesn't care what we think. I ABSOLUTELY AGREE. I don't completely agree that if the shareholders benefit that it will be a totally unintended consequence, because he likes himself, his family and some friends and board members and even a few shareholders like Ramspace. But for the most part he doesn't give a rip, but that's ok with me, and you should be ok too because eventually his best interests and the shareholders best interests are on a collision course. The only variable is time. And after seven plus years of waiting, a few more weeks or months doesn't bother me in the slightest.
LOl Uncleguts. I saw Zari's post...a true classic.
You know if these guys can help me get the rest of my fill at 12 cents, or quadruple zero one pre-split, or a 60k market cap, I just may start thinking they serve a purpose to humanity.
Oh..I almost forgot. These NY corporate attorneys are really snooty, as compared to the NV attorneys. And they are not good about returning calls. Many require you to email them a dissertation before they will even decide whether to call you back or not. And the couple I did manage to talk to today claimed ignorance about the application of the 15c2-11 filing of financial information in support of a change to a corporation's domicile change to NY. So no answer yet on whether the switch to NY will require a 15c2-11 to be filed.
It seems likely that it will be required, because in 2006 when Hilal moved from Delaware to Nevada, it was required.
Penny, just because someone sold 166 Cetek shares at 60 cents at the end of the day doesn't mean a thing. And I'm not going to waste my breath arguing about what is essentially a .0001 bidwhack when the stock was trading pre-split at .0001 to .0002.
Please read my posts and Ramspace and Penemy's DD if you want to know the source of my optimism. You tried to build everyone's expectations that a PR would come out this morning, and as you will recall, I burst your attempt to inflate that balloon by telling you I flat out didn't expect one today, and I was right. Obviously, the shareholder friendly move would have been to provide a PR on April 1 with the R/S filing, but as you can see, Mr Hilal isn't yet in shareholder-friendly mode. However, he has put a lot of updates on the website and the NY SOS filing and the size of the R/S that give the long-term shareholders a pretty good insight to what is going to happen.
Penny, after 10 years, you have suddenly adapted a flipper mentality. Your shares sat at no bid for at least six years out of the last seven. That was a big goose egg in your account. And right now there's at least a positive number in your account.
A little over a month ago, you decided to turn down $20,000 for your little Cetek nest egg. Obviously, you had trust then Penny that Hilal would do the right thing. $20,000 doesn't make you rich, but it's a considerable amount of money that you don't just toss away. Why did you toss $20,000 down the drain Penny? You obviously felt a month ago that $20,000 was well invested in Cetek stock or you would have sold. And now you can't tell us often enough that you don't trust the CEO. It just doesn't make sense Penny. You left $20,000 invested in a CEO that you think is almost certain to screw the shareholders, including you.
Others here are invested in Cetek because we think despite the fact that Mr Hilal is a communication-challenged non-considerate person, that he has built a good profitable company that will someday trade at a valuation reflective of its success. You on the other hand have left $20,000 at risk when you're almost certain you will lose everything. Why would a smart rational person do this to themselves? There' a lot that you could do with $20,000 that would be way more fun than bashing the CEO on a message board each night.
Just think, if you had sold for $20,000, you could be posting from a tropical island somewhere how much smarter you were than all of us. And we'd probably be agreeing for the moment. But you knew Penny..you knew he would remain silent, and yet you rode the ship down, for at least the time-being. I ask again. Why would you do that? you knew and yet you tossed away $20,000. Why would a person do that? Doesn't that make you more foolish than all the people who are invested because they think the CEO will eventually act in the shareholders' best interests as well as his own?
Bingo Brezlin. Cetek stock could be easily moved in either direction by even a minimal concerted effort.
However, I believe the best action for now (if you're not already over-invested in this stock) is to bid-sit and load the shares people are giving away based on fear and scare tactics. You also have to accept the premise that Mr Hilal is not totally irrational and that share appreciation will someday be an important priority to him. Imho it seems almost certain to happen because that's where the big dollars are to be made by him and his family.
Cheaper shares means more shares bought for the same amount, and the more we have locked in strong hands willing to have the patience to let the story unfold, then the better the outcome should be. Unless he sells the company, in which case we will all be the happiest with the best outcome.
I agree with you China that it's masterful the way the "tone" of the Cetek board is "managed". And it is effective over time when there's no new news. We've been blessed to have a constant wave of new DD news over the last couple of months to combat the constant assault on Mr Hilal's intentions. But a late day 166 share bidwhack for one hundred dollars on a day the stock trades 1400 shares, and you have to deal with the assinine argument that all is lost and that the "massive dilution" has begun. By the way, it wouldn't take much dilution for Mr Hilal not to have voting control of the company. Do we really think the ultimate control freak would let that happen?
I've been away since right after the close, and as I signed on I figured that the Tandem Duo would have a lot to say tonite. And sure enough, the duo which owns six tenths of one percent of the shares outstanding was doing a tremendously disproportionate percentage of the posts, as always happens when the bidwhacker paints the final trade of the day.
Today I was looking for wave after wave of dilution at the ask. I figured we would start with at least 500,000 post-split shares at a buck twenty since we've been reassured over and over that this is the purpose of the reverse split. but for the most part, other than the 8 shares I picked up at 12 cents, it looked like a fairly orderly but totally quiet market at around a buck. No one really knew what to expect and a lot of people didn't have their shares available to trade, so a volume of around 1400 shares seems a little inconclusive to me. The thought occurred to me several times that a few thousand shares buying or selling could have moved this 75 cents in either direction in minutes.
So anyone trying to infer anything from today's action is just blowing in the wind. As I predicted last night, with the razor thin float, this is an extremely volatile stock and prices can fluctuate 1000 percent in a day, as witnessed by the couple of trades at $1.20 followed shortly thereafter by the sell at .12.
As I see several have pointed at tonight, any attempt at dilution by Mr Hilal without news will send the price spiraling down so fast it won't be worth doing, as there isn't the buy volume to support it. A million shares at 12 cents is $120,000, and you have to remember Mr Hilal spent $46,800 before the revival and a considerable amount for the other filings. This is clearly a "wait for news" situation, and in the meantime the late day tape painters will control the tone of the Tandem Duo in after hours.
It is perfectly legitimate for anyone with a position to reevaluate their position as news unfolds, but hopefully the reevaluation doesn't occur because of a disproportionate number of doom and gloom posts on this board by the tandem Duo.
ROFL Zari. I wondered how you got that out of his post and sure enough, there it was. Too Funny. Go Cetek.
Stockingup, I've contacted several securities attorneys in NY this morning. They don't seem quite as open and free with a consultation as the several Nevada lawyers I talked to in the past. However, I do have one that I talked to briefly and has promised to call me back later today on the 15c2-11 question pertaining to providing financials following being domiciled in NY.
I will let you know just as soon as I buy all the shares at the ask or sell all my shares at the bid, depending on what she tells me. LOL
Penemy, that last trade for 100 shares at $1.00 is showing on the time and sales. So things are starting to look semi-normal.
No Penemy, the trade is not showing on T and S for Think or Swim. It also does not show the 30 shares as the volume. But it definitely executed.