Great post Brezlin. The requirement for Cetek and its subsidiaries to become ITAR compliant has almost certainly created a perfect storm for the shareholders.
Cetek's best interests now require Mr Hilal to begin audited financial reporting, to upgrade his website, and as evidenced by last year's Revival of Cetek Technologies, to clear up the shareholder situation. And if you're going to maximize the revenue stream from this line of business, you simply CANNOT BE A NO BID PINK SHEET STOCK ANY LONGER. In order to maximize the benefit of the very costly ITAR compliance, you need to be on a listed exchange where you report audited financials, and companies and governments around the globe UNDERSTAND that you're not a fly-by-night company who may or may not be capable of fulfilling your order.
And above all, you cannot have a shareholder base who detests you and your company and is willing to tear your company down on social media, and lawyer their way into the company, and attack the company from every available platform imaginable. Mr Hilal is aware of how the shareholders feel, and knows it is something that he has to deal with or else...well..he probably won't be ITAR compliant for long.
There are so many good things for shareholders associated with this ITAR compliance that have not been discussed here. Simply put, ITAR COMPLIANCE HAS FINALLY FLUSHED HILAL OUT OF HIS FOXHOLE. HE CAN NO LONGER OPERATE IN COMPLETE SECRECY. AND IN THE PROCESS OF ITAR COMPLIANCE, OUR FIDUCIARY INTERESTS FINALLY ARE GOING TO GET SERVED.
So I recommend everyone relax and let events unfold here over the next days or even the next month. I don't know that April 30 is a drop dead date, especially if there has been no R/S by then. But soon after, depending on what communication there is, leading up to that date. Anyone convinced the CEO is a liar who will never ever report again should definitely sell to what I suspect will be a growing crop of buyers who think that this is the epitome of a great speculative invesment... a very depressed stock price with huge upside potential. I listened to Carl Icahn on CNBC the other day, and he looks for stocks that are undervalued with a lot of upside potential, but limited downside. And while Icahn won't be buying Cetek on the pinks, Cetek sure fits that description for a person with speculative funds looking for a big reward.
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