Thanks 1Plus!..I don't know if I'm "the man" but maybe one of the men'' Lol DannyD has some good research based on his visit to the Hybrid-Tek subsidiary which has a security clearance with the DOD and a number of contracts with them.
I've been intriqued with this Cetek situation for a long time and knew someone who was pretty close to Hilal for a number of years. So I do have some additional insight but cannot explain for the life of me why a CEO would let his stock sit at .0001 for all these years, hurting his loyal shareholders and risking the loss of control of the company in the event some large shareholders or a customer or suppliers decided to take advantage of an asset trading at extreme undervaluations based on fairly easily available revenue information, and then legally force some changes to the board of directors.
I think most people who are doing some research into this company are aware that this isn't your typical stinky pinky where there are few if any revenues and few prospects for them. It appears likely that Cetek's revenues are at least ten million and even with 6 billion shares outstanding, you can easily make a case for a stock price of .003 plus based on two times revenues.
Then you might want to consider that Cetek has zero debt, as Hilal doesn't do debt, and that MMM recently made a huge purchase in the ceramics industry of a company called Ceradyne at a significant premium to the share price at that time. With recent advancements like those led by Mr Hilal, where there is little or no waste in the firing of the ceramics and almost perfectly smooth and shaped ceramic pieces, there are more and more applications in consumer products for ceramics.
For instance the green non-stick pans advertised on TV are ceramic coated, and they are superior to other teflon type products in endurance and non-stickiness. Ceramics is a hot industry with many new applications and products, and one thing I do know about Hilal is he is constantly trying to create new products. His work with heat exchangers back in the middle 2000s with a company of MIT executives called Wilson Turbo set new records for temperature tolerance. I believe it was like 1200 degrees but dont quote me on that. That development led to the Linco contract which unfortunately was a deceptive Korean company. Several years back Cetek was part of an upgrade project producing a Macor ceramic circuit for use in the ultra high temperature Los Alamost nuclear collider facility. Cetek is not your mom and pop ceramic shop, if there is such a thing..lol.
Hilal is a world class scientist and had a major stint in engineering at IBM before striking out on his own. He just hasn't kept the shareholders up to date with the company's developments or done things to create shareholder value, like provide a press release of the revenue numbers. But there is little doubt in my mind from all my research and contacts, that Hilal over the last 10 years has quietly developed a successful company which is dramatically undervalued and has a lot more potential to grow or be bought out by a larger company. The facility in Poughkeepsie doesn't look like much but inside, Hilal has an extremely efficient automated production system in place that can be easily altered to produce highly customized ceramic products. This is a lotto play that isn't a lotto play in my opinion. Hilal has the revenues to justify a big rise in the share price anytime he wants to make them public. And the 64 million dollar question for all of us long-term suffering shareholders is why he hasn't.
But the reinstatement of Cetek last summer was a huge event because it made clear to shareholders that Cetek was alive and kicking and that there's good cash flow if he can pony up $46k to reinstate the company. And he has for over ten years kept his word not to ever do another reverse stock split. And one other thing that gets over looked a lot is that way back in the mid 2000s, and as announced in one of the shareholder meetings he used to hold each year, Hilal bought back approximately 90 million shares at prices above a tenth of a cent. He had PRed a 500 million buyback a year or two earlier. However, at that time, with the acquisition of Belanger and the upgrading of the production facilities, Hilal needed the cash for business purposes.
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