Penemy, I just finished reading thru about a hundred posts tonite. And I give you my vote for making the most sense out of a situation which became a bit more bizarre today, if that's possible. Without knowing who we've been sold to, everything is just crazy speculation and very humble uninformed opinions. And now I will add mine to the pile.
With Cetek's market cap at about $350,000 now, it is difficult to imagine a company being merged into this shell for a smaller market cap than that. I have always heard that a basic shell is worth $750,000, so if that's what we are now, then we should be worth at least 60 cents now. And if you think about it, under Hilal's "leadership", even with $628k in the bank, we were only worth about 40 to 50 cents and going to drop further in the absence of news.
One thing is for sure. The new company will issue a PR announcing themselves in as glowing terms as possible. And we will finally be thrust out of this never-never Hilalland where the CEO does everything he can to suppress the stock price and dilute the shares at as low a price as possible. I am confident that the new CEO will see share issuance at the highest price possible as a priority and will issue PRs to ensure that the stock price at least reflects some semblance of the enterprise's value. And I am confident that the new CEO will at least have some semblance of financial management skills where he is willing to use a balance of debt/equity to capitalize the company, so that he doesn't drive the share price into the ground as Hilal did with his irrational fear of any debt.
I also believe that the new CEO will have some understanding of fiduciary responsibility to shareholders, unlike Hilal. He will understand that a supportive shareholder base is one of the most important assets a company can have and will strive at least initially to get the shareholders onboard with the company's objectives. We know this will be a "reporting" company, so each quarter we will have some idea of the progress of our company. That is worth a tremendous amount to us.
At first blush, this looks like heaven to me compared to what we have been thru all these years. I don't like the idea of Hilal stealing our assets, but it's entirely possible a reverse merger of a several million dollar company into this shell could move the stock price to at least the $6 level. And anyone who reads Hilal's farewell letter (good riddance and what a bunch of lies about supportive shareholders) and his mention of the required 6000 to 1 R/S, that becomes curiouser and curiouser why they wanted that share structure. That sounds like they have designs on a higher exchange, and won't dilute the crap out of the stock. And I wouldn't be surprised at all to find this is a foreign company, maybe Chinese, which has plans for movin' on up. I agree with you Penemy that it's a pretty good bet that the stock price after the new firm's introduction will at least go up enough to make sure that we don't get lawyered up to go after Hilal's private company.
It's all speculation. but at least the way I'm thinking tonight, I believe we'll be a lot better served without a non-communcative, angry, obese, unhealthy, unhappy and nasty CEO who didn't have the sense to generate a market cap greater than a couple million dollars for a company which I believe was generating revenues in excess of $5 million dollars. I guess we will never know what it really was unless we have to litigate this. But I sort of suspect our new company's first announcement will make us forget about any desire to go after Hilal's pathetic life's work. He had so much potential, but just wasted 95% of what it could have been. What a waste as a scientist, person, and most of all CEO.
AI
