Thursday, July 22, 2004 11:42:35 AM
If Cetek pays off, I'll own a lot of cool bikes that I've been eyeballing. A few cars too...maybe a boat, definately a few houses. Nothing fancy, just something that can keep me busy.
As far as the value of the company and the stock goes...What everyone is thinking might not necessarily be true if Cetek plans on buying back more stock. I have a feeling that's why we haven't heard any news yet. They want to keep the price down so they don't have to spend much to buy back and cancel the shares issued.
Right now, for them to buy back 500M shares like they said they would, they would need to spend about $1+M. If they have a plan to do this over time, it shouldn't be much of a problem. Then we're looking at major investors with loads of cash who could do the same.
Think about it. If Motorola or some other major company decides to buy this stock, they could spend $2M easily and do us all a world of good. That would be more than 1/3 of the existing shares.
At this price, the purchase of millions of O/S is not a big deal if enough people get interested.
What I don't understand and what someone else already asked is... Who in the world is selling this stock?
NEWS, NEWS, NEWS!! Patiently waiting.
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