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Excellent Plan
Thank-you Whatscooking for crafting a two part plan that has a decent chance of moving things forward. If Penny or any other SH who are on speaking terms with FH are able to persuade him to do a virtual SH meeting I would suggest a definite deadline date be provided. FH certainly will not appreciate anyone dictating dates, but without one, this will be no better than his neverending PR promises that never materialize.
I am nominating myself to contact the Poughkeepsie journal regarding publication of the SH letters as I previously fed them the story content and Wilson Power owner contacts info on the article they eventually published.
DANNYD
Penny
Regarding the virtual SH meeting or some other inexpensive way
for FH to update shareholders, I am actually all for it.
The stumbling block however is I do not see it happening unless (1) there is something in it for FH or (2) FH is forced into it by outside forces.
Even if FH were to agree to it, I see just more empty promises and FH stringing along SH forever and ever. Besides who is going to get FH to agree to the virtual SH meeting?
Enough is enough and I believe SH need some outside force that will compel FH to comply with his duties as a CEO
DANNYD
POLL -Complaint to NY Attorney General- POLL
I believe Whatscooking has an excellent idea and we should all strongly consider writing separate letters of complaint to the NY attorney General office. As WC indicates they will likely be more sympathetic to SH and have our ear much more than the SEC given their local jurisdiction.
I am definitely in with writing and sending off a letter of complaint to the NY Atty General.
Does anyone really believe or expect FH will do any type of PR or update (even a low cost version) as some have brought up here without being strong armed by a viable force ?
Can we hear from other SH who will committ to firing off a letter to the NY Atty General office.
DANNYD
Cetek website
Besides the name change to Cetek Inc and some design enhancements the most glaring difference I see is there is no longer a stock quote on the actual site for the ticker ctkh.
Does anyone notice any other significant differences bewtween the old and new websites?
DANNYD
Whatscooking
Just sent you an e-mail
DANNYD
Bigcue
That was an accidental double post that I deleted.
Now if we could only delete you from this board.
DannyD
Just incredible !!
We finally have the good fortune of a SH willing to do some real research on Cetek, make countless calls to attorneys, and any other thing necessary to at least provide some hope for SH.
However that is not good enough for the likes of Bigcue and others who have added nothing but only know how to continually moan & whine.
I have persoannly spoken to Whatscooking and I can assure everyone he is not Roundamot and I thank God for that.
DannyD
Penny
I respectfully and strongly disagree with your comments relating to Whatscookings postings.
I think most SH here would agree WC has done invaluable research on our little investment but more importantly has put together a very workable plan towards our ultimate goal.
Let all of us not forget - FH is going to R/S us all to obilvion! OMG we will all be wiped out!
Whatscooking
Check your other EM
DANNYD
WC
Thanks for your most accurate and in depth analysis of the detailed plan you have laid out here for all Cetek SH that have been pretty much wiped out over the last 5-6 years.
I am sure most SH here will say as I - exceptionally well done!
Based on what I've seen all but the most serious bashers appear to be 100% behind your game plan strategy that as you say is still evolving.
My only suggestion is please don't waste any of your VALUABLE time replying to the naysayers that have recently found there way over here. I probably don't have to tell you that you will never win them over as they have their own agenda.
We know who to thank for all the bashers that have emerged from RB
WC
I have been following both RB and Ihub since 2003 and can't think of one poster over on RB (that has not already made it over to IHUB)
that is not either a lunatic or serious basher
CETEK
SH important informal poll/vote. I encourage all SH to carefully review whatcookins post # 16415. Especially the last three paragraphs.
Please vote yes or no.
(Yes) you are for the plan and can get behind it
or
(No) you do not agree and would rather sit back and do nothing for another 10 years or more.
My vote - Yes
DannyD
Bigcue
Thanks for digging that one up from the ashes - I even cracked a smile after reading it.
For the record my dual complaints were sent to both Jim Daly and a Jason Gettinger both addressed to the SEC 3 World Financial Center room 4300, NY, NY 10281.
Funny thing - some 4 years later and FH has not stopped screwing SH and if anything hes become more brazen - so much for the effectiveness of the SEC.
Not a bad idea on your part about the FOI but personally I am not wasting any more time pursuing info from the SEC. Given all the recent Bernie Madoff type shennigans appears they only have time to go after the big dogs. If you do try the FOI however I wish you the best of luck.
Thanks.
Lets all just give FH a free pass ??
Some SH now seem to be suggesting we give FH a free pass and allow him to continue his silence indefinetly.
One SH seems to think because he is working so hard FH deserves to be left alone and SH should wait into infinity. He thinks SH are the problem and we might jepoardize our "great investment" if we decide to act either thru the legal system or in some other agressive manner that might upset our super sensitive CEO
Incredible stuff.... and just what FH would really love to hear. Lets keep them waiting another few decades. Keep them waiting even if these same SH were the ones who kept his doors open during the early years and pretty much paid for Cetek's two major acqusitions via his billions dollars of dilution on the Shareholders dime.
Well I for one believe SH have waited well beyond any reasonable time frame. I am 110% behind the tentative "plan in progress"
that Whatscookin has laid out here in recent days.
As someone here recently indicated its finally time to see what we have behind the golden curtain and if what we see is somethig more like the "Wizard of OZ" we can at least take our tax loss and move on.
DANNYD
Whatcooking
Regarding the investment Cetek made in WTP---
J. Stock told me back in 2005/2006 that FH either thru actual $$ investment but much more likely Cetek product that Cetek owned as much as 5 -10% of WTP.
Of course then not only was FH lying to shareholders but he also had a cheap mouthpiece in JS to spread his BS to all who would listen.
Sadly none of that matters now.
I'm with you all the way- lets bring this all to a head now.
Whatscooking
I'm "all in" and 110% behind whatever action plan is ultimately decided upon.
As far as possibly contacting WMO I believe I will leave that alone. I dug up one of our e-mail exchanges back from early 2006. At that time he had nearly a $250,000 invested but I'm not sure how many actual shares this represented..... as you know the SP would have been significantly higher back in those days.
Even averaging down and buying huge chunks at the current rock-bottom SP levels as I and others have done there really is no one here I believe that can say they are even close to even.
Interestingly in reveiwing my saved e-mails from that time frame we were both corresponding with Bruce Anderson at WTP. A further review of those ancient e-mails indicates Bruce really did have some nice compliments for Cetek including his statement that "Cetek was their principal vendor having fabricated most of the pieces of their regenerator "prototype". The key word being proto-type. Cetek and WTP were at that time in the process of trying to cement a long lasting relationship. I am not sure what happened after that.
Whatscooking
Are you in close personal contact with a few of these other potential large SH that choose not to post on this board?
Also do you have an idea regarding their approx share count?
Whatscooking
A very well devised plan. I agree SH letters sent to FH are a complete waste of time and postage. Over the years he has ignored hundreds of SH e-mails, letters, and countless messages left with his front desk secretary. We have waited far far too long for even the tiniest scrap of news but sadly have been let down year after year. SH have been treated like dogs .. Well no that is even being too kind.
I am personally backing your "take it to him approach or there will be serious consequences" .... backing it wholeheartedly and as one of the larger SH I am also willing to contribute my fair share of the plans cost once the plan has been fully developed and implemented.
Speaking of large SH do you know or recall possibly one of the largest Cetek SH?? .. A fellow that went by the name of WMO on the raging bull message boards ? I have not exchanged e-mails with this certain SH for a long while and not sure he is still in this. In respect for his privacy I will not reveal his full name but his first name was Bill and he had been employed as a pilot for a large airline. Only bring this up because I may attempt to get in touch with him and let him know what is going on.
Cetek and Fiyaz Hilal
Appears the Egyptian Weasel aka Fiyaz Hilal has a lot in common with the current Egyptian dictator.
Maybe Cetek shareholders can storm the Cetek facility like the Egyptians are protesting now in the streets of Cairo. When you think about it their protests pretty much mirror that of Cetek shareholders.
Hilal's tyranny, lies, deceit, and corruption have caused the Cetek SH much financial misery just as the Egyptian ruler has caused his countryman so much economic hardship.
Happily it does appear the protesting is having some affect on changing the government of this large Mid East country. Think about it ..... if changes can be brought about in a country with a dictorial society history for centuries maybe there is hope for us SH afterall.
I am certain changes will only come via very strong legal pressures directed towards our CEO/dictator and not because FH is going to suddenly have a change of heart toweards SH.
I wonder if Hilal and the Morbaruk are related?
Whatscooking
Thank-you for all you have done on behalf of SH since you made your appearance here a few months back.
Frankly until you began doing your research, making all your attorney calls, and obtaining legal advice from the security law experts SH here had little more to do than just moan and groan.
To any other SH that may be lurking that have not previously posted or have not chimed in for a long while lets hear from you.
What are your share counts ? Feel free to post your opinion on WC's action plan or any other insights and tidbits of information you can share.
Remember we all own this little company... the company that has "NO HEART" but is loaded with promise!
ChinaWorx
Thank-you for your kind words. I agree with most all your comments except maybe the last one.
The last few chapters of this long saga have not yet been written. You may be right about SH not seeing any upward movement in SP while FH has his way or is still in control. Thats what we are intent on trying to change!
You mention his rapidly deterioating health. How do you know about his present condition? Do you know someone on the inside or family member, or do you live close by to Cetek?
Your post is most appreciated but please do not give up completely because you need to remember one thing.... Yes I agree you can be easily scammed and we have. The big difference here is I think everyone would agree we have a real company that is turning a profit with actual assets. In the good ol USA Mr. "Market" has a way of eventually finding these companies even if the CEO may be doing everything in his power to keep his remarkable acheivments hidden because of his hatred of SH.
When there is an opportunity to turn a large profit on an a vastly undervalued publicy traded company money and greed will always surface.
Please do not lose complete faith.. maybe in Hilal but not with either the legal system or when his sons possibly take control. Have you ever spoke to Hilal's son John when he was still there?
Whatscooking
Thanks for making the calls to Laskowski and the other law firms regarding potential avenues to either remove FH off his throne or persuade him to do the right thing by shareholders.
By my calculations you and I alone own approx 6% of the company and I am sure there are other large SH lurking that simply do not choose to post on this board. If FH was aware a few of his most hated or at least severly disrespected SH owned a significant portion of his little company then you might really see him blow his top !! As a matter of fact I often wondered if he intentionally kept the SP at zero because of his very apparent hatred of SH.
Anyone that has been here for more than a few years knows FH cannot be strong armed into doing anything against his will. He was only motivated to communicate with SH when dumping shares for the cash he needed to (1)in the early years keep his doors open (2)later on for his acquisitions.
You are really onto something here though. If FH knew he needed to either open up his books or lose control of his empire he just might raise the cloak of secrecy but it will be only because he has to via legal pressures.
It will be interesting to see the collection of legal opinions you receive. I can't imagine ousting FH from his position of CEO would be anything but a very lengthy process so our best course would probably be the threat of such a move which would hopefully get FH to act like a real CEO.
Whatscookin
Thanks for your post and I agree with most if not all of your points.
Personally I should have realized though after getting thrown out of the chintzy little Cetek lobby several years ago this CEO was a sadistic mad man. I can't even rememnber now what caused him to become so enraged. At that time there numerous investors constantly callinmg him for updates and for the releae of financials. Who knows what else was going on but he just blew up. I mean conpletely beserk like he was off his medication.
I believe shortly thereafter he fired his less than worthless IR guy James Stock, dabbled briefly with a PR firm Uptick (another total failure) and then the long cold years of silence.
I think its time to get the NY attorney generals office involved however this could be a long laborious task and I don't have the energy for that route.
CETEK SHARES OWNED POLL
OK -so far the poll results show I'm the biggest dope !
As all SH can continue to post their shares owned it will be interesting to see what per centage of the company Cetek Shareholders own (at least for members of this board)
Cetek Shares Owned Poll
I thought it might be interesting for everyone to see how many CTKH shares are owned by various members on this board
Could members please respond honestly. I will go first. Unfortunately (and I admit foolishly) only a portion of these shares were purchased at our current SP.
My Cetek shares (G)
(A) < million
(B) 1- 10 million
(C) 10-50 million
(D) 50-75 million
(E) 75-100 million
(F) 100-150 million
(G) 150-200 million
(H) 200-300 million
(i) > 300 million
Endwar
Thanks!!
Very good summary regarding Cetek Inc vs Cetek Technologies. I agree it all boils down to FH reporting and/or at least partially raising the black curtain of secrecy at 19 Commerce St just as its been all along for the last 5 years.
Our Ceo makes Castro seem like a free market liberator
DannyD
Poughkeepsie Journal News Article
Yesterday I spoke with Craig Wolf at Cetek's home town newspaper. Craig did not believe the links I sent him would interest the type of readers of their newspaper. He did seem to think this type of company information would be better suited for publication in the WSJ.
Dannyd
Potential Newspaper Article on Cetek
I spoke with the reporter at the Poughkeepsie Journal today regarding Cetek's involvement with the Los Almos Science Center and that they were listed as the manufacturer of the MACOR circuit board. Of course the reporter had lots of technical questions that I could not really answer.
At his request I did send him along the links as compliments of Whatcookins awesome research.
I also mentioned to the reporter some of the other shenanigans involving our little company because as everyone knows the newspapers are more into shady/bad news items than the good stuff. Cetek Technologies vs Cetek Inc ete etc etc.
The reporter remembered the newspaper story he wrote 4-5 years ago involving Cetek and WTP. He further recalled when contacting FH for additional information he got absolutely nowhere.
All I can tell you is the reported indicated he would review all info I sent him and then decide if it is newsworthy. Keep in mind (even if something is published) this newspaper has a small circulation and is certainly not the NY Times.
DANNYD
Whatscooking
I will definitely attempt contact with the Poughkeepsie Journal and see if they have any interest in publising these news tidbits.
I would love to see someone make contact with one of the two Cetek board members who have also been sleeping at the wheel. If you are able to speak with Cohen or Dr Love this may be a case of them being "SWORN TO SILENCE" by FH but we could get lucky.
DANNYD
Seems to me there would be little if any interest by SH to sink more of their lost money into pursuing a lawsuit vs Cetek unless the attorney (as you suggested) was willing to handle the case on a small retainer fee and a percentage.
IMO the NY Attorney general idea sounds like a possibe winning plan but I am in and behind any plan this board decides to move forward with.
Does anyone think it would be worthwhile to locate and then contact the remaining two Cetek board members ?
DANNYD
Cetek Press Release Chances and past history....
Whatscooking- several years ago when becoming extremely annoyed with the lack of communication from FH and especially after learning of Cetek's involvement with Wilson Turbopower I had an idea. I contacted Andersen at WTP and quickly discovered Andersen to be a a real outgoing talkative sort of guy. It did help that Andersen was looking for private investors for his WTP and this further opened up a dialogue.
After confirming the relationship between Cetek and WTP (although I did not know the full extent other than it relalted to the ceramic heat exchangers) I called the Poughkeepsie Journal to see if they had an interest in publsing a story about one of their local companies. I was told they had been trying for years but could get nowhere with FH.
This is when I suggested they instead first contact Andersen directly at WTP knowing he would give them a story which he did. The real sad part of this saga is when the local newspaper tried to obtain additional info from hilal about his company he refused. Al least the story ran anyway but it could have been so much more.
My contacts at the Poughkeepsie journal back then were
Editor- Irwin Goldberg igoldberg@poughkeepsiejournal.com
copy writer craig wolfe cwolf@poughkeepsiejournal.com
Not sure if these fellas are still working there.
My point is even when FH was offered free publicity he still turned it down! That being said I still believe we should keep at it and all ideas are good and should be tried. Nicey nice to FH, power play, thru the side door, over and under. Even recruit the know it all Round if need be.
Endwar
I would be agreebale to your idea of a SH contribution for the cost of the PR. At this point there are no bad ideas as nothing so far has worked.
As a matter of fact I will personally right here and now offer 20% of the PR cost. (Unfortunately for me I own mega mega shares). However I am not confident at all FH would even consider such an offer because with him it is not just the PR cost - he would probably be pondering what he has to gain and the thought of dealing with SH would probaly sicken this guy. Any other rational CEO might just at this type of offer but obviously FH does not have the same interest as SH - namely SP increase.
Who could actually communicate this type of offer to FH ? Noone seems to be on speaking terms with the CEO.
DANNYD
Anyone thinking they can negotiate with FH or persuade him to do something for the good of SH is not really thinking clearly or has gotten a head start from the New Years Eve punchbowl. Endwar are you listening ?
I have to admit I also thought your stated approach would work but sadly learned after several 'FACE to FACE" meetings with FH that he just doesn't give a damm. Keep in mind this was even at a time when he needed and pretended to listen to SH when he was diluting the crap out of the company.
The best ideas and company research I have seen in a long long time has been generated by Whatscooking. My vote is we go with his plan of attack to wake up this sleeping dog. Of course everyone is free to do as they please.
DANNYD
CETEK SH have nothing to lose ...........
Whatscooking you have nailed it once again !!
SH have absolutely nothing to lose by stirring things up a bit (or should I say bigtime). We cannot go down from these levels.
I am liking all your ideas especially about voicing a complaint with the NY attorney general. I have learned firsthand the SEC moves at a snails pace and then leaves you in the dark with respect to their investigation. Although I do not live in NY it seems the NY Attorney General certainly is aggressive and enjoys the spotlight so maybe he would be someone that could fight for us if all else fails.
I am not sure FH can be intimidated into releasing updates or providing SH with financials by contacting his valued accounts but it is certainly worth a try as nothing else has worked for the past decade.
Happy new year to all posters and long-suffering SH.
Who knows maybe 2011 will be the year SH finally see CTKH arise from the dead !!!!!!!!!!!!!
DANNYD
Cetek- Corporate Board Members
Whatscooking - Have you considered attempting contact with the other 2 Cetek board members Gabriel Cohen and Dr. Gordon Love?
Several years back when the infamous poster on Raging Bull (Roundamot) was still around he had a meeeting with FH. Round also bragged about how he had obtained certain tidbits of Co info from a former Cetek board member Dr Spriggs (Spriggs passed away a few years back)
Have you considered contact with either one of the other current board members Cohen or Spriggs ?
Also in all my prior conversations wit FH he has always been extremely GUARDED and SECRETIVE when it comes to his clients. When you had your 2 second talk with him the other day did you have the chance to mention you were aware of his connection with Corning ? (that would have really set him off)
DANNYD
Excellent summary by Whatscooking as to the current status of Cetek. I agree 110%
If FH wanted he could turn the SP into a 10-20 bagger in a heartbeat. Sadly he has no desire and really appears to despise SH.
Given FH age -time though is now on our side. The market place is teaming with acquisitions and I believe given Cetek's cutting edge technology Cetek is an extremely attractive candidate to be acquired when FH decides its time. FH does have two sons who would benefit handsomely as well from a sale. (I met and spoke with one of his sons John approx 5 years ago when he still worked there.
Thanks again whatscooking for your superb research and great summaries.
DANNYD
Cetek Inc-18 Creek Rd Property
Whats Cooking- Please see my post #16104 regarding the 18 Creek Rd Property-
DANNYD
Whatscooking
If you are serious about calling FH (and I believe you are) you will only get through to him if you make your call sometime during the late afternoon after the secretary leaves for the day.
This is when FH is most likely to pick up the phone himself and you will recognize the slight accent. He will not state his name- his greeting will be Cetek may I help you ?
If you cannot reach him directly I wouldn't bother leaving a message with his front desk girl as he will never return a call from an investor....
Wishing you the best of luck with your call and you might also ask him for a a EOY update on the Cetek website.
DANNYD