Thanks StockingUp. I had a friend who was fairly close to Hilal many years ago in the mid 2000s. And way back then he emphasized to her that he wanted to go to a listed exchange and that the REAL money to be made was thru stock price appreciation, far more so than the business activity. Now, as Fetter has pointed out, some of these microcircuitry companies trade with market caps of 10 or 20 times revenues. So that statement has always stuck with me....that even though Hilal fit all the caricatures of the "mad" scientist, that he either understood or had been advised that he needed to get to Wall Street to maximize his company's value and most importantly his personal wealth.
Of course, the waters for many years were muddied for us shareholders, as he went silent and consequently crashed the stock price to zero. That's what happens when you let the business license expire and provide no incentive to own the stock. I even referred to him as the ANTI-CEO.
But his grand strategy appears to have been in place all along. And since he was generating all the cash he needed internally, he no longer needed money from shareholders to run and expand the business, so it didn't matter to him what the share price was. The lower the better, assuming he was going to buy up a chunk of the company before he announced anything. I don't know that for certain, but you have to assume he bought somewhere along the way so he gets his share of the pie.
Imho Hilal is definitely one to play hardball with the shareholders and flush all the weak hands/flippers before he releases anything. So we're going to have to suck it up with this "terrible" R/S news that has had posters like Penny shaking in their boots for more than a decade, until there is official news, unless you're cleverly putting the pieces of the puzzle together.
But Imho Hilal has sent three powerful signals to the long-term shareholders...(1) the revival of Cetek Technologies when he could have created a new entity, possibly cutting us shareholders out, but at the risk of lawsuits, (2) the ITAR COMPLIANT message update on the website which was just an enormous bombshell piece of news for anyone who researched what that meant, and (3) the size of this reverse split with a corresponding reduction in the authorized shares, which has UPLISTING written all over it. If that's not something to hang your hat on, then I will happily go down with the ship because the upside potential is a whole heck of a lot more than the downside risk, and to me that's what stock investing is all about.
AI
