Orangeman,
I've never seen a successful reverse split from sub penny stocks either. I did see a stock that was trading for substantially less than a dollar do a R/S to get on the Nasdaq, the stock was ABRX and it was successful.
I've clearly stated that I believe the only way to do it is by getting the shareholders behind the company action. To me this means getting substantial growth for the shareholders.
Personally I'd like to see the share price grow to around 50 cents before doing a one for ten, but if the company grew the price to a quarter, I certainly would support a one for twenty.
To me the killer R/S's are the one for a hundred type numbers that stockholders bail on. Most of the time within weeks or months of such splits more shares are issued.
While I'd very much like to see Fayiz buy back so many shares that a R/S wasn't needed to move on a major exchange like the Nasdaq, or perhaps the Amex, that's an awful lot of shares. If he's able to somewhat reduce the share count and bring the share price up to a nickle or more investors will support him far more. If at or before that point he becomes fully reporting and moves to the OTC he'll gain further support.
I believe a company that's on the OTC, has no debt, has a great growth rate, and is shown to be earning money, even if it's slight on a P/E basis, could warrant a price of a quarter to 50 cents on the OTC based on it's potential.
To me the proof that we're currently earning money is exhibited in the acquisition of Hybrid and the construction of seven or eight new ovens in the past roughly 15 months. I believe they still have some cash on hand for another possible acquisition because you know they want the capabilities that Valley Design had which are not supplied by Hybrid.
I believe Fayiz is building the capabilities he needs not only to grow CTKH, but also to make DisplayTek a reality. I really can't say exactly what DisplayTek will be, as I see it, the company could make everything from major components to the next generation of flat panel monitors and TV's to completed units that were available for retail sale under the DisplayTek name. To me what's important is Fayiz is building the capability of making the key components of the flat panel display, I don't know what capability he currently lacks, but I'm sure he does and he's working on it.
I believe the future is the CNT based display because it will provide far higher resolution while using far less power than the current technology. If CTKH is working to make the first components with a DisplayTek name something that's based on CNT technology I believe it could be huge.
This is mostly speculation by me, I certainly have no inside information. If I'm right CTKH could be hugh. If I'm wrong it still could be, it's all a matter of Fayiz executing his plan. Of course it could also go bust, can you name a sub penny stock where that statement would never be true. I don't like to dwell on the negative but statistically many penny and sub penny stocks fail, but it hasn't been that many years since most dot coms failed as well, and many of them sold for many dollars. Fayiz seems to be a survivor, I believe he can also prosper.
Gary
Gary
