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I posted about Ctkh in the DD forum just to get some input about the legality of FH's move. Anyway, even posting about CTKH on another board, gets bashed by him, in a board he hasnt posted on in years.
I am in no way disgruntle, I simply was asking about the legality of it. Every pink is a gamble for one reason or another, high risk high rewards often pays big dividends, but this isn't something you often see.
Regardless of weather current shareholders benefit from this or not, its interesting that it is legal to raise capital with shareholder money, purchase subsidiaries, and then transfer those same subsidiaries to your new private corporation.
Btw, sweet mug shot picture of yours on the facebook page.
Actually, you and me both have no idea what company will merge into the shell. I was merely posting on the legality of it because its a very interesting case.
Its merely a wait and see. In my opinion, the more interesting this, is how can a company twice over raise capital and reverse split, then in the end, release financials after 8 years with a farewell letter taking those shareholder paid assets private.
HOW IS THIS LEGAL!?!?!
Regardless of weather this works out or not for shareholders, how can such a move be legal under the current system 0 oversight?!
Cetek
-uses shareholder $$ for since 1999 to build his company
- reverse splits in 01 and then in 07 goes dark
-finally this year, give financials after 10 years.
- reverse splits 6000-1 a few weeks ago and says goodbye and takes IT ALL PRIVATE.
How can FINRA approve the 6000-1 reverse split and the CEO taking all the assets built with shareholder money private? Even if this works out for shareholders, (1.6m a/s 1.2 million o/s) how can such a move be legal. 0 shareholders have benefited from the company, now working with Department of Energy. Basically, the CEO builds a respectable company, hasnt prd in 10 years or released financials and BOOM once he smells a little success, he takes it private, dumping the shell on whoever bought it.
Dear Shareholders:
I began Cetek Technologies, Inc. In 1989, and since 1998 when we went public, it has been my privilege to have your support and of thousands of others as we went about pursuing the highest quality ceramic product in the industry. We have had a long road together, not always succeeding in our goals and objectives, but always striving to deliver superior products that we would be proud of to our customers around the world.
However, now I have reached the point in my career that requires making a
significant change in direction. In so far as the controlling voting equity interest of the public entity, which I hold, I have made the decision to transfer control of the corporation to a new party. We have signed an agreement that transfers controlling interest in the corporation and its shareholder base to another corporation which is expected to introduce themselves to you in due course.
The closing of the change of control was subject to several contingencies,
which included FINRA’s approval of a 6,000 to 1 reverse stock split which was effective April 21, 2014 and the filing on OTC Pink of an Information Statement as of December 31, 2013 which was made on April 21, 2014.
The business and assets of Cetek Technologies, along with the subsidiaries will be transferred to a private corporation which I will begin to form.
I am grateful to have had the opportunity to serve as your CEO over the past
many years and thank you for the trust and support you provided. It has
been a gratifying experience and as I say farewell to the many shareholders,
please know that I am humbled to have had your interest and advocacy in our
success.
Fayiz hilal has left the building. So now we will see, this has all been calculated by the new corportation. The saturday pr was made so the price would not be influenced before the new entity ownership spoke about what their plans are so I would assume Monday morning will be a big day for us.
I prefer this over Ceteks poor quarterly and waiting for a contract.
Lol did u guys read a different farewell note? FH is gone. He took cetek and all subs private. The shareholders and the public entity will merge with an exisiting corporation. Fh is 100 percent gone
Yup its 50/50. I'm a little positive here. Too many clean pink shells in the trips cost 30k or less. If a big gun comes in, with this structure, it will be very easy to bring the price up to their target price. From the trips, it would be impossible. Nobody is going to pick up this shell and drive it down. It makes no sense because then you will be operating with a large disgruntled shareholder majority who would be dumping everytime positive news comes.
At organe--rethink it and walk away? Google the word contract. After you assume liability and sign a contract you cant walk away. I will break it down for you a little, if you rent an apartment, that means you pay monthly to live there, after you sign the lease, you cant walk away and rethink it. This is the same way.
@ penny, I accept the reality that this is 50/50, but if we get a big gun in here, we will be solid. After the r/s you can see my posts, I said wow this really looks like a structure you would see on the amex exchange, not something you often see in the pinks. Hopefully our new ceo is a big gun.
Yea I 100 percent agree with you. The sale was contingent upon the current share structure and the reverse split. This tells u, whoever is coming in has a plan. They are not going to come in on day 1 and increase the a/s. If they have a nice pps in mind as a target, we could all benefit. Its too easy to pick up a clean pink shell in the trips for under 30k.
They may have a nice plan for us. Why else would you pick up a shell that has many disgruntle shareholders who are going to dump the first chance they can. Also, they assume all liability here. Im really curious who would do this.
It depends what the target share price is and what exchange. Remember the share structure is taylor made for amex and it depends on the target share price. 400k could be alot available. It would be insane for someone to buy a shell filled with disgruntled shareholders because you can go look yourself on the reversr merger website and see many pinks shells at .0001 for around 35k. So to buy this shell and turn it into an .0001 while assuming all liability isnt a smart business move.
@ pennyworld. I know, but we still have some hope. Look at this, it was contingent upon the current structure. It will all depend who bought it. If its a legit company, maybe a bigtime private company, then we are solid. If its a pinky land sh!t bomb, we are fuc*ed.
One thing is clear, FH used SH money to build his company. Then I'm assuming he landed a bigtime contract, maybe the firmilab one. And instead of sharing w.e it is he accomplished, he took everything private. No matter what happens, good or bad. FH is a scumbag,
It isnt over yet. Honestly, I can't even give an educated prediction here because this is not something that often happens. This is truly a wait and see. But we will have answers this week. No doubt in my mind about that.
They key here is to talk with Mark. If you can, give Mark a call and verify. My hunch is that Fdmf is just the money, but elas ventures is where the work is being done. Its too much of a coincidence for it to be otherwise.
No but according to bizpedia its was created in 2008. Probably explains the reason that information on the ELas process is so hard to find. This company is ELAS ventures, also in Michigan. Probably a company that FDMF invested in a few years back because after all FDMF is an energy holdings group
Elas ventures
Anyone feel like doing some DD. As we know, FDMF is a holdings company, which just also invested into Canna security. Looking into this company...
Elas Ventures, LLC & Full Circle Recycle
Alto, Michigan
This “new” technology will encourage the government to mandate the recycling of shingles as a green Approach to the environment? Similar to what the government has done with the recycling of tires.
Development status
We have been working for the past 24 months to develop the technology and explore the markets for this process. During that time we have made many interesting discoveries that warrant further research and have the potential to open up further business opportunities. The recycling process is developed enough to take to the next level; to expand the volume of material being processed, making it commercially viable.
The technology is expected to adapt well to larger, more consistent volumes to produce significant inventory of salable product, but the equipment we have been using must be redesigned and constructed to handle the larger volumes. In the discussions about the design of the new equipment we have also discovered a number of ways to make the process more efficient and possibly expand the applications of our technology.less
Elas news should be coming soon!! Looks like we have a solid base and no dilution lately.
CTKHD 1.6 Million A/S 1.2 Million o/s Released financials after 10 years, subsidiary confirms they are working with the United States Department of Energy on Firmilabs Project X. Structure seems taylor made for ....not the pinks!
6 pervious government contracts
01 10mil $ contract with Motorola
Before the hard times, they were big time. Could this be a comeback?
@ RAM what did he say?
Keep using that presplit number to exaggerate the claim. Maybe you read alot on the regulations etc, but your analysis shows you may be an inexperienced trader. There will be no such dilution. The structure was cherry picked for a reason--still unknown. The easiest way to dilute would have been a 150-1 split or something along those lines, where he wouldnt have to increase the a/s-or touch the structure again. Rookie.
Oo and the land display tek bought was originally for 330,000$. Then was moved around betweek cetek and display tek.
http://www.co.dutchess.ny.us/CountyClerkDocumentSearch/Search.aspx?q=nco1%253d2%2526name1%253ddisplay%252btek&page=1
http://www.co.dutchess.ny.us/CountyClerkDocumentSearch/Search.aspx?q=nco1%253d2%2526name1%253ddisplay%252btek&page=1
Ooo but there is a legal relationship between display tek and cetek. If you check dutchess country court regards, in 2009 and in october to 2013, a deed for land was transfered back and forth between cetek and display tek--not a sale. Basically confirming the legal relationship between the 2
CTKHD float is1.2 Million and 1.6 Million a/s.
Last week after 10 years, they released 2 annuals and yesterday a quarterly. In march become ITAR compliant and you can call the subsidiary yourself, they are working with the department on engery and firmilab on project X.
CTKHD float is 1.2 Million and 1.6 Milliona/s. April 17, 2014 Had a 6000-1 R/s. Last week after 10 years, they released 2 annuals and yesterday a quarterly. In march become ITAR compliant and you can call the subsidiary yourself, they are working with the department on engery and firmilab on project X.
CTKHD float is 1.2 Million and 1.6Million a/s. April 17, 2014 Had a 6000-1 R/s. Last week after 10 years, they released 2 annuals and yesterday a quarterly. In march become ITAR compliant and you can call the subsidiary yourself, they are working with the department on engery and firmilab on project X.
CTKHD 1.2million float/ 1.6 MILLION a/s current after 10yrs. Just got financials, 2 annual reports and a quarterly. Thinnest Ticker you ever seen. 2,000 shares @.60 cents takes it up to almost a dollar--that thin. Your welcome
Now that we got financials/quarterly etc 1.2m float time to alert the pumpers about ctkhd
CTKHD 1.2MIL float 1.6MILa/s after 10yrs annual/quarterly financials. COMING ALIVE. SUPER THIN. .60
CTKHD 1.2 MIL float. 1.6MIL a/s Financials/quarterly after 10 years .60
Big moves coming. Check out ctkh shareholders facebook page!!
Search: IH admin [shelly] . Shes nice and helpful. Just tell her the story. U can find her posting in the jailhouse thread.
@Ram..Message shelly from ihub admin.
Wow. Orange must be trying to get even.
We got a civil war going on in here hahaha
I support anyone who supports the tickers that I'm in. But be careful when you invest and follow the moves twitter groups or whatever you call them make. Usually, its newbies who follow these kinds of groups and invest in tickers that are heavily front loaded by these guys. For the most part, its smart on their part. Buy at say 2, shoot it out to followers, send it for 4. Sell half and ride free shares with no risk. All the risk is transfered to the followers. And thats the "nice groups" the ahole groups front load and dump it all, then never say a word about the ticker again after they are out.
Its unreal. It was much more positive before the wheels started turning. You know I never believed for a second that this ticker was heavily shorted, nss and regular short sales. But 10 years and boom documents coming etc and it gets negative. There are many shorts here. Shorting after a 6000-1 r/s is a very easy way to make money on most tickers, but here a 1.2m float. People are going to get burned. Thats the only reason I can see for the negativity because we should be celebrating. Some naysayers will say its down like 65 percent since the r/s, but in reality 10gs in buys and we are way above first day split prices
What time did he sent you the email
Anyone know where in taiwan? What company? I can speak chinese
Actually, great point. I want to also thank releasemas and then for getting smoked on the first reverse split. Looks the hybrid acquisition is going to make us new shareholders big money. Just check the DD. 6 pervious military contracts and w.e FH has up his sleeve.