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Ace- Im actually encouraged and becoming excited with the emergence of all these newcomer bashers that have crawled out of some hole.
There is a reason why so many posters are here slamming a company trading at .0001
Beau . I don't think anyone here is wearing rose colored glasses or creating hopes this should be trading in the pennies. The main point is this is NOT a SHELL company with nothing more than a fancy website.
In fact just the opposite can be stated. It is a small (but real) company with actual high-tech manufacturing and making money. We do not have a CEO touting the company but rather a secretive uncaring CEO (SH unfriendly is the understatement of the century).
You may not be looking at this trade in the proper perspective. Should this be trading at .0001 even given the negative spin you have placed here? I agree with everyone else here that until the company officially releases news we go nowhere as per the last seven years.
But geesh you have been here for a week and are trying to say long timers here are drinking the Kool-Aid? Even given the miniscule numbers you have placed on this "real company" if news is released, you have to admit .0001 would have been the buying opportunity of a lifetime. With no news we sit here to infinity but a newbie cannot lose much from the .0001 level.
Beau Then be prepared to be surprised....... as last month I observed with my own eyes inside the Hybrid-Tek NJ facility 10 Hybrid-tek employees working busily behind the glass window from inside the front office. The mgr (Barbara) confirmed that these were all HT employees and all 10 (men and women wearing some type of special work clothes) were all F/T and the company was busy.
I do not know the # of Cetek employees but a conservative estimate would be 8-10.
Therefore I must say you are dead wrong with respect to the # of total employees based on my first hand observations and personal confirmation of the Hybrid-tek manangement. Revenues on the otherhand are anyones guess
Cetek- Dun & Bradstreet Credit Rating Change
I just received an alert advising the credit rating for Cetek has been changed. Does anyone have an account or access to D&B that can check on the new rating?
Orange If you could visit Cetek in the near future we'd love to hear your impressions of the facility and anything you can get out of Hilal or the front office secretary would be a plus.
I don't believe the son (John) still works there but who knows
Please refer to my post #17695 regarding my recent June visit to
Hybrid-tek.
Ace
Do you have a theory as to why someone would short this when trading at .0001 ?
WhatCookin
Yes so many questions with so few answers. Thats whats makes for what could be the most undervalued micro penny stock of all time and that is exactly why almost no one dares to sell.
The next time I am closeby Poughkepsie I think I'll swing by the Creek Road site. Maybe something has changed from my visit there 3 years ago. If I see any significant changes or anything of interest at all I will let the board know.
Big-You are missing the point. Displaytek just like the others mentioned are no longer around or do not exist.
Big
Back when Jim Stock was the official Cetek IR guy (remember him) ?
Well I had many conversations with Mr Stock and although Hilal never really confided in Stock very much he was Hilal's only talking piece at the time. I'll never forget one conversation I had with JS regarding Wilson Turbo Power.
JS told me that since Cetek had made a monetary investment in Wilson we as Cetek SH would also therefore own a piece of Wilson. When I asked JS how much did he think that might be he replied FH had told him anywhere bewteen 5 -25 % of Wilson. It sounded good at the time.
Well guess what Wilson does not appear to exist anymore, James Stock is long gone and the same can be said of Displaytek. It may be active according the the NY secreatery database but their file drawer is empty, the lot is vacant, and this was only another pipe dream of Hilal's like Ceteks early supposed relationship with Motorola and the Linco fiasco.
Big
Displaytek never really got off the ground and is worthless.
Please refer to my post #16104 and my onsite visit and investigation back in 2010.
Ace
Since you are asking no not quite that much into this but somwhere between 100K -125K however the majority of the shares were purchased post R/S including quite a few recently at .0001.
I can tell you I currently own 225M shares and stupidly did not sell many when given the opportunity during 2006.
Good Luck to everyone and yes Orangeman we do have a right to be ticked off.
Ace
Your last paragraph sounds about right give or take a few thousand.
Then you say lets not do anything foolish ? Based on the first remark haven't we both already done that? I know I know you are going to say that remains to be seen
Research & Cetek Technologies- Beating a dead horse
It appears most everyone is in agreement Cetek is one of the most undervalued Penny stocks ever known and IMO should be trading anywhere from (very conservatively .002 to fair value .005.
An abundance of extremely valuable information has been developed through the research of WC and he has been kind enough to share his research with everyone on this board. Most of the company information has been substantiated and verified by other board members or via links as well.
Personally I have seen firsthand the amazing facility and technological wonder over at the Cetek subsidiary Hybrid-Tek.
Seemingly there is never-ending research completed every day about Cetek, estimated employees, estimated revenues, etc etc but to what end ??? ( I have also definitely fallen into this trap)
We already know this is a great company, with cutting-edge technology, making a ton of money but run by a sadistic, hot tempered CEO who will hang up on any SH who even says one wrong word or heaven forbid asks him a question about their investment.
My point is everyone is trying to justify their investment with more company research. Why???? What is the sense of merely confirming over and over to anyone who will listen this is the most undervalued penny stock ever known to mankind? Talk about beating a dead horse
IMO our only goal and endgame should be getting this madman CEO to fully carry out his fiduciary duties to SH and no amount of phone calls or begging is going to accomplish that goal. Has it worked for seven years? And some here want to give him more time only because of a filing ? Why not another 7 years?
Public companies get sued everyday (Apple) but it does not mean its SH believe the company is worthless only that the CEO has chosen the wrong path for its SH. We have a great company and potential dizzying returns but they will never be realized unless Hilal's hand is forced.
I am repledging 50M shares to the legal cause. Does anyone else here care to make a public pledge ?
Cetek Lawsuit
Ace, why of course we can always continually press him or others over there for a PR but the real key is having the legal action in place NOW so in five years we are not here again discussing Hilal's total disregard for SH.
Some here seem to think we should kiss Hilal's "A" and be so eternally grateful just because he relisted after 7 years. I am not one of those SH.
If there is no follow through we go nowhere and based on what we are hearing from FH he has no plans to a follow thru on anything noteworthy.
Cetek Lawsuit
Ace, what you are suggesting is playing right into Hilal's planned strategy namely stalling off SH for as long as possible (namely forever). We have already waited over 7 years and to suggest we should wait even a day longer for FH to get his SH plan together is ridiculous.
Especially since there is no SH plan!
People here need to understand that if a miracale should happen and Hilal did release some news we could always suspend any legal action. But the legal route takes a long time to run its course and this is why we need to begin the process now not later.
I am repledging my previously allotted shares towards legal expenses and attorney fees.
Cetek Lawsuit
Based on Hilal's conversation with Ramspace IMO we should quickly move forward with the lawsuit.
Personally after waiting here since 2004 and this trading at .0001 I do not think many of us are satisfied with FH 40K payment of the filing (per his words) so he could be a regular company again. And what the hell does that mean anyway??
Ramspace
Thanks for calling him twice this week.
Who knows, after promising to callers for the last 7 years a PR was just around the corner maybe he will continue to do the opposite of what he tells SH and surprise everyone with some news
Naked shorts
Would you care to elaborate or provide a link to your carbon fibers theory
Orangeman
As I recall you are not that far from Cetek.
Are you really serious about paying FH a visit and if so do you believe FH will come out and chat or is it more likely the front office girl will just show you the door. If you make the visit I wish you the best of luck.
I visited Hybrid Tek a few weeks ago, spoke with Barbara C. and the NJ facility and their operation is truly amazing.
The last time I stopped by Cetek 2006 or 2007 he became enraged (too many questions I guess) and he threw me out.
Do you have any type of rapport with Hilal ?
Ramspace
Thanks for making the call !
As the only SH Fayiz will really confide in, we are all very interested in knowing why Fayiz chose this self inflicted $$$$$$$$$ pain when relisting.
I know it will not be easy but if you can get any specifics on this you will be a hero to all SH
Releasemas
I give up.
Could you please share the answer to your riddle ?
As far as anyone knows you are the only investor FH will actually talk to (and does not despise) so your input is always welcome and appreciated.
Ok Penny-
Fair enough.... but we have already seen the the "ugly" part of your "good bad and ugly" over the last 6-7 years thus it might be time to concentrate on the high percentage and most likely reasons for Cetek's turn around.
Everyone already knows this has been a dormant penny stock for the last several years but this in itslf is the only reason newcomemers will have the golden opportunity to buy in at these levels.
If the real company info was out there and published via a PR for all to see the SP increase would run up so fast it would be dizzying.
I suggest all SH call either the Cetek or Hybrid -Tek facilities and do your own DD. Emails to the company (unless you are a customer) are a waste of time and you will not receive a response.
Penny
Thanks for the call to NVOS and update.
There could be many reasons why Fayiz chose to pay up big time to relist (as you have already pointed out) but I am fairly certain dissolution of the company is not one of them.
Fayiz may despise SH but he isn't going to spend 40K to increase SH pain. We have already up to now been shafted but things are changing quickly and if I didn't already own a boat load of shares (many boat load of shares) I would be adding more with the latest info. The company dissolution scenario is ridiculous
I am hoping "dissolution" is not now going to replace your neverending R/S rant. IMO in addition to the possible reasons for the relisting there is a much greater likelyhood Cetek may be courted as a buyout candidate than dissolution which would in effect REWARD both Fayiz and Cetek SH bigtime.
Anyway thanks again for making the call to the NVOS
Hybrid-tek/Cetek Visit
A few weeks ago during one of my business trips thru NJ I made a quick stop over at Hybrid -Tek. The visit was completely unannounced on my part but I had the opportunity to speak very breifly with one of the Hybrid-Tek manageers Barbara C.
I was totally amazed by the operation over there. All the employees there are high-tek professionals and they were all extremely busy. I asked Barbara some questions I knew she would never answer ie revenues, potential PR timimg etc What Barbara did tell me however were the number of Hybrid employees (10) and that they were very busy and have been for some time now. She confirmed (as per their website) they do a large share of their work for the US government. (thick film)
She also told me they will sometimes receive work orders from Cetek but other than the fact they remain a totally owned Cetek subsidiary she says Fayiz tells her nothing as to what is going on with Cetek or what plans he may have in store for SH.
Unlike the Cetek facility that is closed to visitors once you enter the front office Hybrid Tek has a long glass window that allows any visitor to see the employees working behind the glass. Barbara would not allow me to get very close to the work station advising some of the product they produce is goverment classified.
I was totally blown away by the Hybrid-Tek operation but at the time of my visit was unaware of the relisting therefore my excitement was somewhat contained.
Well with the relisting my excitement is no longer contained !!!! Hybrid-tek alone has to be worth a 10-20 bagger from these levels and if we dare add Cetek into the equation well then we may have something very special indeed.
Homeboy
Shouldn't we allow Pennyworld to make the call as to whether this qualifies as an R/S afterall he's been calling for one since 2006.
Hawkeuye
I am curious as to how you happen to know all the family members are associated with Cetek? Were these names developed simply based on a online search or do you know any of the Hilal family members?
I like your new approach and way of thinking as nothing else so far has worked.
The only problem is I see no evidence that any of the family members you have listed are even remotely employed with Cetek never mind officers. I know John was a manager there several years ago but not sure if he is still employed there.
Can you shed some light as to what leads you to believe the sons and daughters are Cetek employees or officers?
Thanks
Dannyd
a company takeover and spending the rest of his miserable life behind bars
Penny
FH has and will continue to ignore newspaper reporters and anyone/everyone else other than a paying Cetek customer.
When I asked the Poughkeepsie Journal reporter C. Wolf to contact FH during the Wilson Turbo event, the newspaper reporter later told me that although Bruce at WP was more than happy to answer all questions during the interview the best FH could come up with was a "no commnet".
I have contacted this newspaper a few times since but now they don't even attempt contact with FH because they know the door will be slammed shut in their face.
This is just how this evil dude likes it
Dannyd
Ramspace
Thanks for making the call.... So what was his reponse when you inquired about an update to SH?
DANNYD
Penny
Only with a gun to his head or a threat of jail time. This is no ordinary lunactic but a nasty vile creature with rage and hatred for all shareholders.
DANNYD
Ace
Unfortunately we are now way beyond the point of reasoning with this mad scientist. Hilal may be brilliant in his field of ceramics and engineering but trying to reason with someone so sadistic is a total waste of effort.
I say this from personal experience when he went into a frightening rage inside the Cetek facility several years ago and having experienced many subsequent phone conversations where he totally lost his temper an hung up. That was even when he needed our money to fund his operation and acquisitions. Compared to his current attitude and demeanor towards shareholders those prior times can be considered the good old days.
Any notion of reasoning with someone so insane should be completely and immediately extinguished. Our only hope of getting our money back is through the legal process (many avenues), a takeover from within, an outside company buyout or Hilal's demise.
DANNYD
Ramspace
No disrespect meant to you but I dont think the CEO deserves any calls of congratulations from shareholders whom he has royally shafted since the company's inception
DANNY
Website updates
Everyone take a look at the once dormant Belanger website.
It has come alive!
Something is going on since the new manager C. Moyer has come to Poughkeepsie.
DANNYD
Cetek -Newflash
Cetek has a new manager a Charolette Moyer as of March 13 2013. I have never seen her name mentioned previuosly anywhere so she is definitely new blood!
I have no idea of her background and the link on Wiki that pops up under her name as 75 yrs old and from FL may be someone else with the same name.
One thing is for sure this is someone new that has joined Cetek in a mangagerial role for reasons we can only speculate over.
Also noticed some tinkering in the Cetek website additional wording "items are shipped within 24 hours".
Lastly the Hybrid tek website has been changed in some ways and most noticeably the contact names for each department are no longer listed as before.
Without a doubt the big news is the very very recent addition of Charoltte Moyer as manager as of 3/13/13
DANNYD
Penny
Regarding the shareholder contribution of shares to the CA law firm I agree. While originally it was my idea to offer the shares as a sweetener and enticement for the CA firm to accept the case, I may have been off base. Upon reviewing most of the CA law firm security class-action websites material/propaganda it appears most of these firms are happy just to work on the contingency.
With that being said however it is not like we have a "blue chip" type stock company for the attorney to pursue. The extra enticement of share contribution may or may not be necessary.
WC has a tough laborious task ahead and whatever we can do to make his journey a little bit easier I am all for. We already have pledged share contributions from myself, you and WC and a few others so that's a good start if and when the shares are needed.
At least we are now on track for something other than waiting for FH to have a change of heart (which will never happen) or die which cannot happen soon enough.
DANNYD
Tax loss selling
Someone out there today just unloaded 15 Million shares at 0.0
DannyD
CLASS ACTION LAWSUIT-vs CETEK
All Cetek shareholders (present and prior) thanks to Whatscookins great efforts, we are on the verge of mounting a massive class action lawsuit vs Cetek Inc and all its officers including possibly the most hated CEO on the east coast Fayiz Hilal.
Please be sure to let any friends or relatives that are in Cetek now or even those SH that puchased shares years ago and later sold, that they will most likely also be considerd as participants in the C.A. (the exact requirements obviously will be up to the law firm that takes our case).
This anticipated C.A. has been long over due and I think all Cetek SH past and presnt who have been wronged and swindled by this bastard CEO can rejoice in knowing ....... he really A'INT going to get awy with it!
Please lets get the word out!!!!
DANNYD
Rosen Law Firm, NY NY
WC sorry to hear about the disarray over at Murray-Frank and thank-you for your continued persistence and great effort.
If you have not contacted them already another securities firm that specializes in class action is the Rosen law firm, NY, NY. Their website will come up easily with a google search.
You will see this firm offers exactly what we SH are looking for and they also work on a contingency.
I also plan on calling Cetek later this week even though I know its a waste of time and FH and or employees are straight out lying or gagged.
I am confident a firm will eventually accept our case and good luck
DANNYD
Penny -Exactly Right
That is why I believe we must take all these possible scenarios out of play and commence the class action ASAP. This will put an immediate kabosh on any and all evil intentions of this madman!
DANNYD
Penny
I doubt FH has any intention of buying out SH in order to go private.
In his warped way of thinking shareholders do not really own a piece of his company but only lent him "free money" when he badly needed funding. Secondly he is way to cheap to buy out shareholders and would just prefer to let SH die on the vine.
As far as him trying another R/S and then trying to go private to buy back cheap shares. Can the shares get cheaper than they are now? Even if your answer to this is yes between myself and WC (and you I'm sure) we hold a very significant percentage of the total O/S so if we say no to the buyout it ain't happening.
Anyway all of this most likely is irrevelant as it appears this weasel has left us no recourse other than the legal route. I'm also in agreement with some of our fellow bagholders opinion, at this point if we get back a small percentage of our money or nothing at least we will be inflicting some pain on this SOB
DANNYD