For several months, members of this board, and the PF and RB, have been arguing that if it can be shown that Cetek has more than $10 million in assets, they can be forced to become a reporting company. The regs that governed that issue have been quoted ad nauseum on the boards. I have rebutted that assumption from the beginning with the logic that if they are not a reporting company, it will be impossible for us to prove to the SEC that they have exceeded the $10 million mark. I have not followed all of the posts on that issue on this board, but it would not surprise me one bit to find that Queenie has suggested the same thing in an effort to bash FH and CTKH as usual. And now he is trashing my post in an effort to discredit the same idea, from a different perspective.
I was recently made aware of the SEC's arguements in the CMKX affair. And in that case, the SEC has cited the regulations that I have included in my posts. They have argued that CMKX has had more than 300 shareholders from the beginning and therefore their Form 15 should never have been approved. They have quoted and interpreted the regs in such a way that I have taken hope that we as shareholders may be able to use those same regulations to get the SEC to revoke CTKH's non-reporting status. AND rather than basing my hopes upon the impossible idea of proving the $10 million in assets issue that would require CTKH to actually tell the SEC that they were over that limit (something that any fool should realize they will NEVER do for us), I have suggested that we initiate a Shareholder of Record effort that we CAN prove to the SEC WITHOUT CTKH's help.
I have made it clear in severl posts that my idea is based upon MY UNDERSTANDING of the regs. AND it seems on the surface to be the same understanding that the SEC attornies have regarding the subject. I volunteed my time, even though I am not a shareholder at this moment, to help the current shareholders gather the information. And I have made it clear that if I am wrong that is fine with me. I have been wrong before and it did not kill me. And I will be wrong again. But this insane bickering, nit-picking, stupidity from queenie is not proving that I am wrong. It only serving to confuse the issue, AS ALWAYS.
I have cited the regs that I believe will apply to the effort. I WILL NOT DO ANY FURTHER RESEARCH FOR THIS OR ANY OTHER CTKH BOARD. PERIOD. I HAVE DONE YOUR DD FOR YOU FOR 18 MONTHS AND CAUGHT HELL FOR EVERYTHING I HAVE DONE. I AM FINALLY SICK OF IT. THIS ONE ENDS IT FOR ME. GET SOMEONE ELSE TO DO YOUR RESEARCH FOR YOU.
I am not a CTKH shareholder. I have made a suggestion that MIGHT solve the problem we have all had with CTKH. I couldn't care less if any of you follow up on my suggestion with more research or actions.
I HAVE WITHDRAWN MY OFFER.
I WILL NOT HELP WITH THE EFFORT EVEN IF UPON FURTHER INVESTIGATION IT PROVES TO BE A WORKABLE IDEA. I was doing it for you all not me.
I AM 100% SOLD ON CTKH AS A LONG TERM HOLD AND I DO NOT NEED THE FINANCIALS TO PROVE ANYTHING TO ME. ASAP I AM GOING TO TAKE MY PROFITS FROM MY SWINGS AND BUY 10 MILLION SHARES OF CTKH STOCK AND HOLD UNTIL IT COMES IN.
CTKH IS GONNA MAKE ME RICH!
