I think what's important is to realize that in very imprecise language Fayiz is telling us what he's doing. The language is probably something his attorney is approving, or at least permitting, but it is intentionally short on detail.
The good news is, it's all headed to when we get tons of details, certainly more than I'll read, when they file with the SEC.
When CTKH does file with the SEC, and we get access to so much information that if you printed it all it would be about the size of a major novel, they will also be into a quiet period. Another company I'm involved in filed with the SEC last February, in December it appeared that the SEC was finally satisfied with all they submitted, which was publically available, but they still haven't gotten the stock trading on a major exchange, and we the stockholders haven't heard from them.
I bring this up because I want people to realize that filing is a mixed blessing. I believe it will become clear that the stock is worth substantially more than it is today, but that may also happen before they file. It could be months, perhaps nearly a year before the company can communicate with shareholders anything other then material events, which should still be properly communicated.
Fayiz is certainly not the great communicator, but quarterly and other communications are something we've grown to expect. Once the SEC filings been made, we may get the financials, which we haven't been getting, but we'll be getting practically nothing else, at least not until the filings been approved. In the case of the other company I'm involved in, they even removed the CEO's messages which were archieved on the website.
I actually believe they've gone to far, but it seems that when dealing with the SEC, the quieter you are, the greater your likelyhood at being successful. Of course the key to success is providing a tremendous volume of information and then properly answering any questions they have about it. From what I gather, the Sarbanes-Oxley legislation is making life so difficult and expensive for smaller companies that many are giving up and joining the non complying Pinks. It will be a huge step for CTKH to move up from the Pinks.
Gary
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