Since we're considering legal action against Hilal, there is one key question that needs to be asked. And that is...what value per share would it take to not pursue a law suit? I realize that number will be different for each shareholder based on when they purchased shares, whether they averaged down at .0001, and whether they are a newbie or a long-termer. It's also a question about each person's perception of what the company is actually worth.
We're in a position where unless we do undertake a lawsuit with full forensic accounting that we'll likely never know what the real value of Cetek is since we have no idea if Hilal is reporting legitimate numbers or has funneled assets to other legal entities.
So that is a question that must be considered before we proceed. Do we feel at all confident that the numbers reported to us reflect the real value of Cetek Technologies? A lawsuit will undoubtedly be a long drawn out process and will likely require some of us to dig deep into our pockets to take it to fruition. And for most shareholders here, who only had a few million shares before the R/S, it's obviously not worth spending money on a lawsuit. But for larger shareholders, there is a BIG difference between 13 cents and say a dollar a share. And it's possible that if we did the forensic accounting that we might be talking multiple dollars for the assets including the proprietary processes that Hilal is "removing" from us.
Based on Hilal's secretiveness and character issues and his complete absence of fiduciary responsibility to shareholders, I seriously doubt we will ever feel confident that anything coming out of that place is complete and accurate. I have the feeling that Hilal is the type of guy who did most of his paperwork while sitting on the crapper, and I wouldn't be surprised if most of the supporting documents were flushed. Maybe that's where all those PRs he promised Penny and others went.
Anyway, share valuation is what this case is all about, and we need to hear shareholders' thoughts on that.
