Great DD about CTKH. Copy from pennyfever.Author: Roundmot. this information has to be release at large...
Listen up! And pay attention. You have asked for it. And the boards
are buzzing with everything. So I am going to tell you what I know or
think I know about Cetek.
BUT let me tell you straight up, this will not change ANYTHING.
Tomorrow the pps will be exactly the same. The bashers will still be
talking about that reverse split. And they will still be attacking me
when I am through. IN FACT I predict that the personal attacks will
increase as a result of this post.
This is a mixture of what I know for a fact and what I have assumed
from things I know for a fact.
As you know, I was completely shut down by Fayiz when I went to NY.
When I left his office, I was in shock. I could not believe the man
had played me for such a fool. I had allowed him to reschedule my
appointment twice with the understanding that I was going to have a
personal two hour meeting with him during which I was going to get all
that I had asked for under Delaware law.
When I got to Cetek, Fayiz came into the conference room and
introduced himself and asked me about my flight, and where I was
staying etc. And then he introduced me to a gentleman named Bill
O'Hare. He told me that Bill would be the one answering my questions,
that he (Fayiz) has some things he had to do. And he walked out of
the room. Bill and I chatted for a few minutes and Fayiz returned
briefly with 4 11 x 17 sheets of paper and gave them to Bill.
Bill and I discussed the substrate samples that he had brought in with
him and he told me that I could have them. It was then that he let it
slip that Cetek was making 40" substrates. A few minutes later he
started showing me the paper Fayiz had left. They were are shareholder
list. But it didn't list all the shareholders, just the ones who had
requested certificates, everyone else was grouped under the Cede &
Company, which I found out later was the company that holds all street
named stocks for the DTC. We discussed the list and the fact that it
was basically useless to me. I then started going down my list of
information I had come for, and with every request, Bill told me that
he would have to get back with me on that. By the time I got to the
end I was pretty hot. I tried my best to act professional and to
remember that I was there representing everyone. So I told him that I
was very shocked that after bending over backwards to let Fayiz
schedule at day that was just perfect for him, that I would be treated
this way. He apologized and told me the he would ask Fayiz about
everything. And so I came away with nothing except a pathetic
shareholders list that wasn't even dated, and four ceramic substrate
samples.
Later that evening when I returned to my motel, there was a message
waiting for me that Bill had talked to Fayiz and he had said it was
okay. What was Okay? Ididn't have a clue, so I decided I would call
him first thing in the morning before my flight left. I was hoping
that he would actually meet with him and I could take a later flight home.
Later that night at about 11:00, as I was getting ready for bed, my
phone rang. It was a PennyFever board member who has asked not to
identified. He told me that he had been thinking about calling me for
about a month. And he said that he was calling me now because he had
some information that he thought might help me with Fayiz. He said
that he was part of a group of investors who had been approached by
Fayiz over a year ago about financing a prototype facility. (Read the
April 5 2003 PR and you will see that Fayiz mentioned it) He said that
they decided not to participate but he thought that I should know
about it.
The next morning I called Fayiz and after some unpleasantries, I
finally said, "Look Fayiz you think that I am your enemy but I am your
friend. I know a lot about your company that I have never told the
people on the boards because I know you would want me to keep them
secret until you are ready to put them out in a PR. For instance, I
know about the negotiations with the two Far East companies regarding
an acqusition, and I know the names or the two sales reps that you are
interviewing for the East and West Coast sales rep positions, and I
know about DisplayTek. But I haven't told anyone, because I am your
friend not your enemy." And when I said that, Fayiz immediately asked
me,"What do you know about DisplayTek?" And I said, "I know that you
acquired it, and that it is a solely owned subsidiary of Cetek and I
know that you sold 2 billion shares of Class A Common to acquire the
company, and that they are restricted for two years." And he laughed
and said, "Do you mind if I tell you something, you have got it all
wrong. We didn't acquire DisplayTek. We created it from the ground
up. And the only thing it cost us was the cost of filing the
paperwork. And we didn't sell the shares to buy it. Do you know why
we sold the shares? Because we needed the money for everything we are
doing."
We talked for another 20 minutes or so about everything and I ended
the call by asking him to look over the list of things I came for and
see if there was anything on the list that he could send me
immediately so that I would not come home completely empty handed. He
told me that he would look at it.
When I got off the plane in Phoeix, I got the phone call in which
Fayiz told me that he was sending me something that would make
everyone very happy. As it turned out, the only information i got was
the shareholder list. But a week or two later I did get a letter from
Bill O'Hare telling me that he would help me get our answers one by
one. I was very encouraged by that. And in the mean time, I was
recieving phone calls from Jim Stock every few days just to talk over
customer relations issues. I have developed a wonderful relationship
with him (if this post doesn't destroy it) i have been able to convey
all of our concerns to him at least 3 times a week since my return. I
have also developed a very warm relationship with Fayiz and have
called him about 6 times since my return and have sent him about 8
e-mails. He has read them all. And I even got one back from him that
said in part, "Dear Richard: I want to personally thank you for all
your good wishes and your prayers for me and for Cetek...Thanks again
for your warm thoughts and you are really a friend. Fayiz"
So when I have told this board that I have been reluctant to share
anything about their secrets because I now have a true friendship with
them I was not exaggerating. But I also have an obligation to you. In
the first place I am the moderator of the PnneyFever Investment Group.
We are a DD group. That is true even of the RB. And our primary
purpose is to share our DD. I have attempted to do that for the last
month by referring to old PRs that have spoken directly to the things
I know. But for some reason many of you could not understand that
approach. Therefore, I will not tell you what I know, in plain English.
First let me tell you what I know about DisplayTek. As soon as I
returned home I began looking for information about the company. I
checked with Delaware and they didn't have any company that looked
like it could fit. So I took a shot in the dark and checked with NY
Secretary of State's office. I found a company that was incorporated
on January 27, 2003, in Dutchess County, NY, as a Domestic Business
Corporation. Their address is 488 Freedom Plains Rd. Ste 103,
POUGHKEEPSIE, NY 12603. There is no registered agent shown. The fact
that it is in Poughkeepsie and was started after the date of the R/S
all fit. And the spelling of Tek instead of Tech was too coincidental
for me.
As I did some more checking, I found out from another source that it
originally was conceived over a year and a half ago, apparently even
before the r/s, but was put on hold until January of '03. Even the,
it appears that the company lay dormant until it was resurrected
toward the end of '03. As Fayiz stated in the April 5 ,2003,PR,
DisplayTek apparantly was created to produce the prototypes and
products for various customers. The idea was that when the customers
prototype was created they would then be allowed to buy stock in
DisplayTek so that they not only get the product but also own stock in
the manufacturer and the prototype. That is what Dixie_normous was
talking about the other day when he/she wrote: "If you want to know
whats going down, Forget Roundmouth, he's just a clown. Displays the
name and techs the game. You heard it here first, only yourself to
blame. Subsidiary rights, with other to sell. Make the product, but
dip twice at the well. Harness customers, get them hooked,
shareholders get little, but Hilals double booked."
We have heard that 55% of the stock will be held by CTKH, 5% by the
DisplayTek management, and 40% by the customers who buy into the
company. We also have heard that the CFO of the company is a man named
Lloyd Lews or Lewis.
When I went back and re-read the last PR, keeping in mind what I now
know about DisplayTek, I assumed that the company had given up on
developing their own CNT prototype, and that DisplayTek was dead. But
then I started thinking about the missing employees. And I started
wondering if they were working somewhere else, perhaps at the 488
Freedom Plains Rd. Ste 103, POUGHKEEPSIE, NY address. So I secretly
asked a board member to go by that address and take some pictures and
find out all they could. I was halfway expecting him to find 15 Cetek
employees constructing some kind of manufacturing facility. But
instead he found an Attorney's office. He reported back to me that
his mission had failed. But then he told me the name of the attorney:
O'Hare & O'Hare. We had the right DisplayTek and the address for the
Agent of Record. We still don't know where the actual facility is.
But I am convinced that somewhere in Poughkeepsie, NY, there is a
company called DisplayTek that is being outfitted as a full prototype
production facility. And if it is there, then eventually we will be
able to find it. Perhaps, now that you all know about it, we can find
it together. The statement in today's PR that "CNT technologies are
currently being researched and co-developed for various applications,
including fuel cells" re-kindled my belief that there is a prototype
facility somewhere that we have not found yet.
You can confirm the information I have given you about DisplayTek on
the NY Secretary or State's office. I don't know the exact address so
you will have to find it. I found it with no problem.
In addition to DisplayTek, I have heard rumors that CTKH is currently
talking with two manufacturing companies about a merger/acquisition by
CTKH to provide them with additional manufacturing capabilities. We
have reason to believe that Fayiz conducted successful talks with one
of the companies the week before he went to SemiCon. I personally
thougt that it was a South Korean company. I had heard a soft rumor
that there was one in the loop. But I could not get confirmation of it
or get a name. But then two weeks ago Fayiz showed up at the SemiCon
Conference with Valley Design Corporation out of Westford
Massachusetts, with a branch office in Santa Cruz, California. The
were "sharing" a booth. But the strange thing was that Cetek was not
a registered vendor at the show. How could they be sharing if the
weren't sharing? Obviously, there was more to it. A little research
showed that Valley Design was one of the companies that Fayiz was
talking about in the April 5 2003 , PR when he said, "the Company was
still supplying ceramic samples to certain grinding houses for
evaluation."
They liked what they saw and apparently replaced all other substrates
with ours. You should go to valleydesign dot com for all of the
information about what they can do. Also check out www dot ultra-thin
dot com/ for more information. While there, click on the site map and
read The Valley Story.
There are two important things to note. One is that they have a man
named G. Indras on staff who is considered to be one of the world's
leading consultants on polishing, grinding, and coating ceramic
substrates. And the other thing to note is that the old couple who
started the company are apparently wanting to retire.
Even with all to that information, it never occurred to any one that
there was anything really going on until Queeens_14 posted that Fayiz
was going to be meeting with someone last Wednesday. A few days later
I learned from a board member that Fayiz did have that meeting. And
it was in Boston. Westford is West Northwest of Boston, and could
easily have been his actual destination.
If Fayiz did in fact go to Valley Design Corporation last week to sign
the paperwork to finalize the acquisition, why didn't He mention it in
today's PR? I suggest that there can only be one explanation; they
didn't finish all of the paperwork yet. Perhaps they only signed a
letter or intent to get the process started, perhaps they signed half
of the paperwork but had to work on the rest. I don't know. But I do
believe with all my heart that the acquistition is real. And I fully
expect even Fayiz to put out a full disclosure PR the very day that
the acquisition is finalized, just exactly like he did when they
acquired Multilythics.
If they do acquire Valley Design Corporation, that would solve many of
the production problems. It would give Cetek a manufacturing center
on both the East and West Coasts. And interestingly, the two sales
people they are interviewing are rumored to be from Massachusetts and
California. No great surprise.
But if I am right, this will not be the last acquisition. They still
need the Far East assembly line to make all of this work perfectly.
So I personally expect to begin hearing rumors about that very soon.
If they are able to do that, then IMO, everything will fall into place.
As I mentioned above, the company is also talking with two sales
representatives, Brad Novak in Orange County California and a woman in
Mass. Neither one has been hired. They are both big long term
shareholders with CTKH and have really done a lot of homework to learn
the industry.
There are also rumors that a major newspaper in the NY area is
considering doing a article about CTKH. That should bring them to
the attention of Wall Street. And if it is after the mergers then it
could really be a significant article. Also one of our board members
works for one of the big three TV news broadcasters. And he is trying
to talk them into doing a piece on CTKH if things pop.
Then of course you have heard the rumors that they are preparing to
file for reentry to the OTCBB. The rumors are that they are trying to
get the Form 10 submitted by the end of summer with the hopes of
being listed by Christmas. The Christmas date is looking very
doubtful, but the filing by late September could still prove to be
true. And as I have pointed out before, once the Form 10 has been
filed we should be ableto download it from the SEC site. And then we
will know every little detail about Cetek. And, if one of the mergers
is with a Nasdaq listed company then we will instantly end up on the
big boards. Wouldn't that be nice?
And now this week we have had the mystery guest on Monday. And I have
heard unconfirmed rumors that he will be back for seconds soon. I
thought that it was going to be this week and obviously I was wrong.
But I have no reason to doubt that the rumors are true. Of course we
will have to wait and see.
There may be more that I am forgetting at this time because of the
late hour. If I rememeber anything else I will post it later.
Now you know why I was so positive when I returned from NY. I told
Jim Stock and Fayiz that I would hold off on telling the boards until
the information was made public by someone else. I have kept my word.
In fact, I remained silent even after most of it was released, because
I could see that most of you did not notice the references. Well, it
is out now. And since my purpose for being here is to present
accurate DD, I am posting the whole story to clear up any confusion by
the many different reports.
As you know, Fayiz ran me through the emotioal ringer for weeks prior
to my trip. I went from trusting, to doubting, to fearing, to
doubting, to trusting, to almost liking, to pitying the man. Since my
trip I haver learned to totally trust him to do what he says he will
do. He will fulfill his plan if it can be done. Of that, It have no
doubt. But my gut tells me that there are parts of his personality
that cannot be figured out. I want to believe that my first instincts
were correct, and that he can be trusted with my life savings. So I
have decided to take a chance and put my last bit of money into his
hands. If I am correct then my dreams will come true, If I am wrong
then the amount of money is so small it wouldn't have helped me for
more than a month of two anyway.
I do not have a clue who the real Fayiz is. We may have to take every
negative thing I said about Fayiz in my previous e-mails and posts
with a grain of salt. I cannot read him accurately from one minute to
the next. Just about the time I was sure that he was a complete
phony, he does things that forced me to see him in a different light.
In the meantime I will attempt to keep the bridge intact and in fact
will try to strengthen it. Although I suspect that this post will
destroy my relationship with Jim Stock and Fayiz. I hope not. But I
feel that I have more of an obligation to all of you than I do to them.
Before today's PR, I let him know that we know his secrets and it is
therefore of no use to keep these things quiet. I recommended that he
tell the world about the 40" substrates. Several of the shareholders
who had done the original research that uncovered much of this info
made it known that they intended to tell all on August 1 if Fayiz had
not done so by then, and as you saw today, they kept their word. I
let Fayiz know about their determination to do so, and i had hopes
that he would take the high road and include much of this in this PR,
but it was not to be.
From the beginning, my concern has been that if we released this
information to the boards, it would be doubted, torn apart by the
bashers, and perhaps even denied by JS and Fayiz because they are not
ready of it to be released. In that case, I am convinced that the net
affect on the pps will be negative. And the sad part it that, later
when they do finally publish the info, it will be looked at as old
news and will not have the affect on the pps then that it would have
had if Fayiz had been the first one to tell the world. Only time will
tell. I hope that I am wrong.
Now you know everything that I know that comes to mind.
I have verified everything contained here through sources that I
trust. But I cannot guarantee that the information is true or
accurate. I am satisfied that it is. you must decide for yourself.
Richard
DISCLAIMER: I am not an investment expert or advisor. Nor am I an
employee or agent of any of the companies I discuss on this board.
Therefore, everything contained in my posts is my own personal
opinion, and is not necessarily fact, or the opinion of the companies
I have discussed or their management. While, to the best of my
knowledge all information contained herein is true and correct, there
is always a chance that I am wrong. Therefore, do your own research.
A good rule of thumb is that if you have not received the information
from a recognized investment expert or advisor, or directly from a
company, its management or other official representatives, do not base
your investment decisions upon it. - Richard, aka roundmot.
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