Cermetek Microelectronics Inc (CRMK)

[zxc]

OK... got a reply to my e-mail. Mr. R.E. Roach from OTR, Inc. (Transfer Agent for CRMK) gave me this information:

Authorized Shares: 30,000,000

Outstanding Shares: 14,568,725

Float (Estimated): 11,421,000

I also checked the creation date of the Cermetik.com web address. It was created on 2nd Oct, 1996.

So, the company has been around for over 16 years, and has a low share structure. The share structure is both good and bad. It's bad, because there's a liquidity problem. Not enough investors interested to get on board. This is made worse by the fact the company doesn't issue financial statements. But, it could turn out good, if, e.g., there was some positive major news coming out. With the limited no. of shares available, this could easily become a 10 bagger.

There must be some major shareholders here. And like all investors they must be interested in making some money. So far, no attempt is being made to increase the value of the shares. Why? I don't know. E.g., the company could issue a forward split, which would ease the liquidity problem. Or, if they're making a decent profit, they could issue a small dividend.

So, it's the kind of stock you leave in your sock drawer and forget about it. Once every few weeks, I'll check on it to see how it's doing. Maybe one day I'll get a nice surprise.