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Somebody forgot to turn out the lights. Is this fine example of American industry DOA? Or are we just waiting for the reverse split to happen?
It's stated on the company website. Use the "About CETEK" link. If that is what FH is reporting, it's likely more than that based on the validity of everything else he says.
Knock, knock, knockin on heaven's door. This puppy is about to be no more. At least if it drops to .00009, it will sort of look like a larger number again. However the market cap will only be a touch over 1/2 million.
Positive spin? How can you with a straight face? Notice that everything he reported is generally bad, but he tried to spin it into the future. No significant sales increase, apparently poor reception of its products, little or no new ideas. Wonder who'll be left to turn out the light switch when they close the doors.
Right!! One more thing our famous leader seems to be falling a bit short on. It appears that the old lier is running out of ideas. Maybe he's just getting old and tired. I'd use the old story of rats leaving a sinking ship but in this case the rats don't have anywhere to go. What a disaster.
However, he's a great con-artist. Orange's point about the fall in share price from several hundred dollars to sub-micro penny (given reverse splits and new shares issued) is right-on. This guy has developed a method to suck investors money into his pocket based on pie in the sky claims. It's difficult to find a true statement this man has made over the several years I've been involved with the stock. I figure my money is gone. Now I'd love to see the SEC nail his butt to the wall with some prison time thrown in for good measure. Some will call be a basher, but I don't see how an unhappy stockholder with substantial losses can be called a basher. I'm simply looking at the facts and adding up the losses. The mistake I made was hanging on to long and not following my normal investment strategy of setting a loss limit.
I'm not sure anyone cares anymore. The con man has about run his course with the current set of shills. The only way he can continue this game is to do a RS, get the price back up some, issue a bunch of meaningless PRs, and sell into the new pawns he's able to attract. That's his MO. What a disaster.
He doesn't care. People of his ilk care only about how they can plunder and squander other people's money. Although he's becomming an old coot, he likely has his next con in mind. I wish him all the worst even though I still have a position in this garbage stock. I'd be glad to loose the rest of my investment (not much downside left) just to see this sorry excuse for a person end up in prison. But, alas, just wishful thinking.
There is an interesting article in the new issue of Time (1/15/07) on page 52. Called "Welcome to Wi-Fi-Ville" it displays a map of the US with cities currently active or partially active in Wi_Fi development. After reading this I'm not as confident about Mobilepro's future. Anyone have a different take? Thanks.
Probably folks who bought or received shares early on, when the OS count was much lower, and the shares were worth more. Reverse splits reduced the total number. I have a stock just like that where my original 1,500 share stake is now approximately 7 shares. After I took a severe beating, (about 10 yrs ago), I figured my remaining downside was almost nil, so why sell. Actually the price has recovered a bit since then, but I've still lost a significant percentage of my original investment. That's what happened to many of the early shareholders of this stock (as well as those of us who got in much later).
Anyone have an idea as to why we're seeing a bit of a rally in this stock?
Perhaps there was indeed a profit, something we can hope for. Based on the volume today and at last look, a decline in price, our fearless leader is likely dumping some more shares on the market in his attempt to raise more money. Oh what good PRs will do for you.
Great story, however no numbers to back it up.
http://biz.yahoo.com/iw/061114/0184102.html
I don't differ with the goal, although it's pretty general. And I'm sure he is pleased with his progress. Have you ever seen FH say otherwise? I was merely pointing out the dismal failure this guy has produced in carrying out his goal. He has repeatedly stated that the company was profitable, even before any of the acquistions. Remember the huge profit percentage growth numbers he presented in past quarterly updates? Where have the profits gone? In looking at the makeshift statement he released some time back, I didn't see any. Let's face it, without the continual issuing of new shares, this little gem would no longer be with us and we'd no longer have anything to discuss. The share price has reflected the poor performance of the company. I think Orange has frequently pointed out the decline in shareholder value over the last decade or so ($300+/share down to what we see today). It reminds me of the dot.com meltdown in 2000. But that's to be expected with most sub-penny stocks. All hype and little to show for it while FH has shown he's a master at selling his stock. JMO
You've got that right!! What a disaster this has been. The statement on CTEK's home page makes me want to laugh or cry, I'm not sure which. Especially in light of the value FH has returned (actually lost) to the investor base over the years.
"Since the company's inception, I have dedicated myself to making sure Cetek gains a solid foundation in as many potentially profitable industries as possible. This is only the beginning of a great year." - Fayiz Hilal CEO 12/31/04
This guy sounds like some of our politicians.
No, I think any reasonable person should be able to see that this has been and will likely be a bad deal for investors. The most troublesome aspect is that he's doing the latest venture for a mere $100K. This would seem to indicate that there is little or no available money in the company checking account, and little prospect for any incoming cash from sales. With good credit, or any indication of decent account receivables, FH should be able to go to about any bank and get a "small" loan for 180 days or longer, and get it done with a phone call. Most companys have a line of credit set up for just such an occasion. It would be much simpler than going through all of the trouble of selling stock, etc. UNLESS, you don't want to pay it back. Does anyone have a rough estimate of the total amount of SH equity this guy has managed to lose? Orange you've talked about dilution on a per share basis, but what does this translate into as far as total dollars? If it's not criminal it ought to be. What's the old saying about a sucker born every minute? I've been one of them.
You make a good point, however the big difference is that pro teams change team members over time. If you have players who aren't so good, they retire, are traded, etc. In the case of CTKH, we have a CEO who is still the quarterback after all these years, and has yet to have a winning game.
I think Orange is only trying to point out that so far, FH has managed to lose a great deal of investors wealth by dilution and operating losses in the past, and has yet to show us a game-winning performance of any kind. I'm not saying that it can't change, only that based on what he's done so far, things don't look so good. Most of us on this board invested in this stock at some point above where it is now, and thus are in a loss position. I'll be the first to admit that I didn't do enough DD before buying, but was taken in by the company's PR's. That being said, I never invest in sub-pennies with money that I can't afford to lose. Would I like to get out? Yes, I would and probably should, but my down side is very limited at this point in that I've already lost 75% of the original investment.
I'm not a basher or a pumper of this stock, I simply own it. I'd love to see it go up such that I'd be in a profitable position, but the facts are that if you invested in this stock at most anytime in the past, you are most likely in a loss position. And no matter what I say about the company, good or bad, it will not affect the company's financial performance.
Yes, it appears so. Watching this stock is kind of like watching the rocks in my back yard. Nothing has changed from yesterday, and it's a good bet that they'll still be in the same place tomorrow. The only difference is that it feels like the CTKH "rocks" are tied to my feet and taking me to the bottom of the lake.
OT: By the way, thanks for the suggestion on MOBL. I did a bit of DD after your mention several weeks ago. The business model seemed pretty good. I bought a few thousand at .19 and have been very happy with the results. The conference call this week impressed me in that the management team seemed to have a fairly clear vision as to where they want to be both short and long term. Hmm, I wonder what would happen if the management of CTKH was a bit more like that? I suppose we'll never find out.
16.7 million and change, looks like last trade at .30. Nice day!
Your point about trading at .0009 is the most telling. Looking at the price and almost non-existent volume, one could assume that this company is truly a dog (most likely) or, it's one of the best kept secrets in the market (maybe but not likely). Based on the shares outstanding I can't remember when trading volume exceeded even 1%. I've owned some dogs thru the years, but this one ranks among the most flea bitten ones I can remember. I'm waiting for the next "update" from the company, and if it's what the last 5 or 6 have been, I don't expect to see any real change.
The sad part is that in many instances these companies really don't have a legitimate business model, or even a clue about how the thing they do is going to make money. An idea is great, but putting it into action, and actually making money with it is an entirely different matter. As you mentioned, most of these guys running the scam operations never cared about the business as much as how they were going to walk away with as much money as possible. In the case of CTKH, it appears that they have some legitimate ideas/processes/inventions that are unique, at least to some extent. What troubles me the most about this company is that FH has been at it for quite some time, and it appears, still doesn't have a growing, profitable concern. He may actually be making some money, but it isn't enough to really matter. He doesn't appear to live a flashy lifestyle, and from what others have said, doesn't get paid much. His offices/plant sure can't be construed as being lavish, but rather kind of junky. He's not getting any younger and is well into his 60's I think? My conclusion is that although he may have good intentions, he'll not pull it off before he's over the hill. His son appears to have a business degree of some sort. Perhaps if he were to call the shots, business wise, the thing would do a bit better. I wonder how much investor money this guy has done away with over the years. If you add up the dollars for all the stock issued, reverse splits, etc., or basically the money that has flowed into the company, I think the amount would be surprising. JMO
Round is alive and well. Just some computer problems have kept him off the boards lately, but I think he's back now.
You are right on CETEK, it would only take a little "substance" to make this thing run. Investors are always hungry for success and any kind of real positive numbers will make this thing go. Hope it's soon.
I think it's important that the stock went up as much as it did in early trading, however, much of the news was already priced into the stock. Just read the posts on this board. This is traded heavily by the day boys and as such, quick dollars are made. Beyond that, the news should give longer term investors some hope for a nice gain. My only concern is that there were no numbers reported in the press release. It's one thing to say you have a profit, but another to actually report the numbers. Also, a buyback program is great, but what kind of cash are they going to designate to buying shares? Just some basic information would go a long ways to make me feel trusting of the management.
Any Recent News For This Stock?
It seems everyone uses the October '02' news to show this company is moving forward. Is there anything more recent to suggest that the company is going anywhere but south?