DannyD, thanks for your great finds here. I rarely look at the Cetek website, but it sure has had some remarkable changes since I last looked. I am very encouraged to see that it appears there is now someone in an influential position at Cetek who finally realizes that the website should be used as a marketing tool.
The changes to the Belanger website are stunning, given the one-page minimum information site it used to be. Those pictures of the ceramic products they're producing are head-turners. I had no idea that ceramics could be created to such precision. The table produced for the characteristics and properties of each material represents a huge amount of analysis and work. I also notice that one of the materials they work with is Macor, which is the Corning trademarked product. You will recall this was the material that Cetek produced for the Los Alamos National Laboratory project several years ago and makes me think Cetek may be pretty tight with Corning.
The investment in equipment at Belanger seems very impressive too. I know back when Hilal was talking to shareholders that he often talked about his continuous investment in equipment. And I suspect that is where a lot of the profits have been invested over the years. I guess it's part of the price of having a state of the art technical capability.
With regard to the Cetek website, that impresses me as very encouraging that they now have inventory and are able to ship from stock within 24 hours. That implies both that they have the cash to maintain an inventory and that demand is brisk enough for their products that it can't all be met by just-in-time production runs. On the 99.6% Alumina screen, I saw this little blurb.... We carry in stock sizes ranging from: 1" x 1" .005 thick up to 18" x 18" .50 thick any other sizes as required. So that's pretty remarkable that he stocks 18" by 18" substrates, and it appears he is saying he has the capabiltiy to produce that elusive 36" by 36" substrate that he always talked about as a special order.
I have been saying for a long time that this is a serious and successful company, and this is becoming clearer as time goes by. Certainly in the realm of pink sheet companies, it is a remarkable company. It's just a shame that we have a strange contorted individual who feels no sense of obligation to the people he owes the most. A couple of press releases defining the financials and significant customers and we wouldn't be talking with lawyers about a class action lawsuit.
This is about as stupid as anything I've ever seen, and I'm hoping that some of the newer hires at Cetek with some business sense exert some pressure on our CEO-challenged leader to act like a real company. Meanwhile I am continuing to talk to the company and to the legal firms all over. One way or the other, we're going to eventually get some serious updates about our investment. And the more positive things we can find on the internet thru our research, the better chance we have of persuading a good law firm that there's some real money to be made here thru share valuation growth.
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