Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You may be on to something here. I would bet he used their service for the reverse shell merger.
That deal didnt fall through?
Haha or pennyworld. If we really want to be b@stards, we can sent out a PR newswire on the ticker. It only cost 300$ and that will get a ton of eyes. "From shareholders to CTKH." It would make for a hell or a pr
Yea the information has to be out there somewhere. Theres no way this can be legit and the new company doesnt pr in the following week after the close. A corportate update is something that should be one of the first orders of business
Yeaa i agree. Honestly, I would simpy call him but im in a time zone 12 hours away and wont be back for a few months. FH is smart though. Selling to a real company is a genius way to steal the assets. As long as they have more than 1.5m in assets he can say that whats best for shareholders was always his intentions. Thats why I dont see him selling to xyz sh!tbomb group because it will attract way to much attention to what he did.
Its 110 percent illegal thats why I am suprised he wrote it that way. You can call the sec and/or finra and ask for yourself. Thats why im thinking he could have gave a real company a sweetheart deal on the shell because if the shareholders make out everybody will forget that he stole 1.5m in assets( assuming hes not sandbagging the numbers). If you really want to step on his throat, you can email fayiz about it and cc, sec, finra, department of energy, firmilab, nanoparticle.org, poughkeepsie journal and countless others.
If the deal is signed, that means FH may no longer be bound to non disclosure. Someone should call him for the hell of it and try to fish some info out..also ask him.
Notyet pr'd: Shell purchase 1.6MILLION a/s 1.2million o/s
CTKH
May, 2014 – CETEK TECNOLOGIES INC.’s (Pink Sheet symbol CTKH) Founder
and CEO Mr. Fayiz Hilal makes the following important shareholder update and
letter of appreciation to his many supporting shareholders, both past and present.
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
o/s 1.2 million/1.6 million a/s shell purchased not prd
CTKH
May, 2014 – CETEK TECNOLOGIES INC.’s (Pink Sheet symbol CTKH) Founder
and CEO Mr. Fayiz Hilal makes the following important shareholder update and
letter of appreciation to his many supporting shareholders, both past and present.
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
o/s 1.2 million 1.6 million a/s shell purchased not prd
CTKH
May, 2014 – CETEK TECNOLOGIES INC.’s (Pink Sheet symbol CTKH) Founder
and CEO Mr. Fayiz Hilal makes the following important shareholder update and
letter of appreciation to his many supporting shareholders, both past and present.
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
Current a/s is 1.6 million and 1.18 million outstanding shares---its important to note that this was requested by the buyer. They may have a high pps in mind. But thats anyones guess. And at orange, that applies to traditional ipos, not a reverse merger.
Fh released a pr saturday morning as a farewell to shareholders noting that cetek and all subsidiaries will be tranfered to a private corporation he is forming.
The shareholder base and ctkh public entity was bought by a private corp who will reverse merg and introduce themselves to the public soon. The deal was contingent upon the 6000-1 r/s, approval from finra, and otc current status. Deal is signed and done. Just waiting for the new company to introduce themselves
Even after this hits, I still don't like the idea of FH walking away after paying for subsidiaries such as Hyrid with shareholder money. Then saying Ok, bye and taking something he didn't pay for to his own private corporation. This alone should warrant a call to the SEC or FINRA, but honestly the last thing I'd like to see is an injunction on the sale. Honestly, good riddance FH, but after I'm out, I will file a complaint just for the hell of it. Maybe it does nothing, maybe enough complaints will warrant somebody to look at the theft here.
Yea i agree most. But a month ago this almost seen 5 cents. Down 70 percent? A bounce play is here but wow what a beating
Alot of bleeding here. Anyone know why? Looks like its getting very top heavy with the stacking of the ask. Might need a pr to break through that.
And for the bashers. You know how many groups of people research and buy based on share structures alone and candidates for a reverse merger? Appreciate the situation that you are in.
And remember this structure was requested as part of the terms of the deal. 1.6m a/s with a float of 1.2m. That number is a very calculated number and it was requested that this be a current pink--hence the filing of the annual reports etc. Why do that? Because all the new company has to do is walk in. Pay the fees to the investment bank(in the event of an uplist) and exchange. They have many options. This structure is not your typical pink structure.
Exactly. And if a new group comes in and immediately dilutes this down, it will create a situation where a company has a large disgruntled base. Why do that when you can buy a clean pink shell for 30k or less? FH may have offered such good terms on the deal to the right company so the shareholders will shutup and he can take the assets and run. If it tanks, people will file complaints with sec and finra etc. Why create such a situation for yourself? FH is smarter than we think, and the move to benefit shareholders will come out of personal greed alone. If this is legit, FH gets his assets for free because thwy were bought with shareholder money. The new private corp benefits from whatever deal FH gave them. And the shareholders benefit from the new company. Its a win all accross the board. If it dilutes down, a company has a large disgruntled base dumping and bashing every chance they have, FH is the subject of massive complaints, and nobody benefits from that.
Private corp hasnt spoke yet who? Anyones guess
Ctkh shell purchased 1.2million float 1.6million a/s
I think FH IS VERYY greedy. The only way he can steal the assets is too sell it to someone who will make the shareholders money. Then noone says a word.
The price is irrelevant becuase of the size of the float. Down what 54 percent today? All it took was 3,300$ to do that. 10,000$ and this is past a $1.00. The float is so small the swings are going to be insane unless this is trading very high. The more important thing is Who bought the shell.
I like to think FH knows what he did. The only way he can steal the assets is if the shareholders forget. The only way they forget is if they get a sweetheart deal somewhere along thr line. And that could be a foreign company possibly. Many foreign companies, even big time ones such as carlsburg trade over 100$ on the pinks, so we just have to relax and wait.
If its a real company, with real assets, they will build their brand and let the ticker settle so to speak before they raise capital. If its a starvig xyz med marijuana company with 0 assets, were all fuc*ed.
Great prediction genius. Like I keep saying lets find out who bought the shell first.
The only way current shareholders will "forget" he moved public assets to a private firm is if they profit from it. Could be a very smart and calculated move.
Yea big hits. I almost thought there was news a missed
Bingo. Shell has been purchased. This sat at .0001 for what 7 years? You guys should be celebrating.
I'd say whoever bought the shell has more than 1.5m in assets.
40+ mil in ask whacks today! Boom
Time to make $$$. Lets see who bought the shell before we make some predictions.
Going to be eating a lot of steak and lobster!
Shell has been purchased $$$$$$$$$. Jump to conclusions when you still don't know who bought the shell. But as of Saturday, we know it has been sold! At this price market cap is a few hundred K. 1.2m float.
When people are scared buy, when people get greedy sell
We might find out who bought this shell tomorrow morning. 1.2m float...sh!t instant payday. No waiting for progress.
We even got dividends now! Turkey
Showed an o/s of 6.9b**
Hes not dumping any shares. The a/s was 10b since 2001 and he went dark in 2007. 1st financials in 8 years showed an a/s of 6.9b shares. 1.2b more than listed in 2007. 800m of those were from a convertible in 2006 that cashed in during 2014.
What im talking about is how he purchased subsidiaries etc with that shareholder money and sold the public entity. All of the assets are now going to be transfered to his private corportation.
No he filed he deregistered a few years back. I was simply making talking about the legality of it, it no ways am I disgruntled, this is the pinks, you win some big time and you lose others. The question I had about the legality was if you can simply raise money on the pinks and acquire subsidiaries with that money, then simply transfer it to your own private corportation. That is something Im shocked was approved by finra.
No hes definitely has had some success. Even if you look at the recent quarterly and annual statment, his cash on hand alone is more than the entire market cap.
I posted a big thing of DD on this. Anyways, hes balance sheet shows about 1.5m in assets and the most recent find is they are currently the listed vendor for printed circuit boards with ceramic substrate for the Department of Energy with firmilabs project X--tho 2014 contract awards havent been listed yet. They also recently, as of march, become international trade in arms compliant which is not exactly a walk in a park. They also have 6 pervious government contracts, tho not too big and have bidded on others
Im in low enough and luckily not in need of money so I will say this. I will NEVER sell until i know who bought the shell. Shell purchases are sometimes the biggest gift you can ask for. And I will be staying the course. Now, if others want to sell, I can understand, but I wont be doing so.