Estaban, Please refrain from attacking other posters. My initial reaction was to remove your post because you technically crossed the line IMO, however I don't want to send a false signal that I am abusing my role as moderator. Thus I am replying to you without taking that next step.
I always welcome yours and other thoughts and opinions on this board. Some of us investors are very troubled and frustrated by this CEO's behavior over the past 2 years and the companies SILENCE. BUT... let's communicate, not attack!! Personal attacks on other posters must stop. Last call!!!
As far as me .. I have no agenda other than making a profit. I am a long. I have never shorted a stock in my life. My position with Cetek has gone up and done a bit to manage my risk/exposure but nevertheless I am hanging in there as a long. I am not a pumper or basher. I simply want to ask tough questions to find good answers. FH should be very happy that I have not been able to attend any of those SHM's. Heyyyy, this is America. It is NOT communist China. Nobody can put you in jail for being assertive (not aggressive) with a CEO. I would never have let him nor that paid-off lawyer give a have cocked answer.
Regarding my middle name as R/S. Wake UP estaban. If you go back and study the historical data on reverse splits (particularly with penny and sub-penny stocks) you will learn that the R/S is the NORM when there is a grossly high O/S. The shareholder almost always LOSES ALL of their EQUITY in those R/S. This O/S is off the charts IMO. You should go back and figure out HOW FH will fix this. You know that he WILL fix this. The question is will his fix be ON the investor’s BACKS.
FH told me 2 weeks ago that an R/S will NEVER happen. He also said that to me that 1 year ago. Well then we need to figure HOW he can avoid it.
Is FH so incompetent as a business man (not as a scientist) that he doesn't see the light. Possibly this CEO does not understand that his only FIX is an R/S down the road unless he can execute a massive buyback at super-SUB-penny prices. Not likely IMO because he can’t even afford to cut a check to a PR firm. And don’t forget he just spend a load of $$$$ to PUMP the PPS via that PR firm. So buying back shares would be the LAST thing on his list to buy back at an ELEVATED price after he PUMPS it with that 'stealth' PR firm! No? No? FH has triped over a small wire (or land mine) on this one!
So YES, I think that you should worry about the R/S when the O/S is over 5 BILLION shares and the CEO is DUMPING shares to raise cash to pay a PR firm for advertisement. Doesn’t that SMELL to you? And we have no evidence of any significant profits whatsoever! I say significant since I do assume he is telling the truth about profits, however is that 5K or is that 5M in profits? FH had an opportunity during this last SHM to share some high level revenue/profit data with the shareholders (without disclosing all of the details). He did NOT. Doesn’t that SMELL to you too? He’s dumping and diluting and at the same time telling us that he is doing well?
We, as investors, can only make decisions based on the data/information that we have at hand.
I still hold 'long' with CTHK, however I now want some answers, and I would fully support a move to FORCE this CEO to disclose his financials IF he passed the 300 registered shareholder threashold.
Good luck to you with CTKH or wherever you decide to park your $$.
AI
