found this also slummin around rb this am. L2 looks kind of flat. i think we have found our base and go sideways for awhile till news.--------------------------------------------
Talked to Mr. Hilal shortly before 4 p.m. yesterday . . .
recorded the conversation so I could transcribe his answers.
For all of the conspiracy buffs that will twist every word, I tried to think of a way that you can hear the recording, short of giving away my phone number (fat chance, lololol)but couldn't come up with anything.
Of course, they would then deny that it is actually Hilal speaking because of course, I am part of the MOT, MMs, CTKH, Sadam, Bush, Trilateral Commission conspiracy trying to take over NASDAQ's OTCBB and bankrupt all penny stock investors throughout the entire world so that I can be richer than Bill Gates AND Warren Buffet combined. But I can always try.
I found Mr Hilal to be straightforward with his answers for the most part. He did not hesitate. He was moderately uncomfortable with some of my questions but did not give me the impression he was wanting the conversation to end before I got the answers.
I must agree with saramx98 that, for me, his answers to my questions have triggered more questions than they answered. I'm still holding 3.2 million shares but I am scepticle about Halil's honesty. INHO this is a great short term money maker for everyone because of the momo, and it may turn into a good long term position in the distant future. But you will have to ride through a lot of storms, deceptions, betrayals, and dilution to get there.
Our converstion was as follows.(Everything in quotes is verbatim):
Q:What is the significance of the RegDex filing on 10/14/2003?
A: (1 st part of his answer was garbled but included a statement that the form was to pave the way for an increase in the number of authorized shares) "That's all what we did.We cannot do that without permission from the SEC. So I filed the paperwork for that and supporting documents, and so on, okay? And that's all what we did, okay? In anticipation of future goals where we might need more stock. And that's what we did it for."
Q: Do you have an anticipated amount? I mean are you trying to reach a certain level?
A: "No, I'm not trying to reach nothing, I just want to have the capability or the immediate availability in case I make a deal with somebody."
Q: What is the status of any agreement that you might have MOT? Do you have that in force still?
A: "We have reached an agreement with them."
Q: What was it, a gentlemen's ageeement of something?
A: "No. No. No.No. A Written agreement. And then later on, because again it takes so long to be, what is the word, to be finalized, okay? And then later on certain articles of it had to be changed, okay? So now we are being in negotiations to change those articles in there, yes."
Q: And is it an agreement to share research & developement or to buy products from them or for them to buy products from you? How does it work?
A: "They license us to use a certaintype of technology."
Q:From their technology?
A: "Yes sir."
Q:Oh I see. So it is really going to benefit you in your research and development as you can add their technology to yours.
A: "Correct, and whatever products come out of that, they will be will to, not willing, but they will negotiate about purchasing them."
Q: Oh, so I see. If you actually develope something from your Research and Development, then they would be the outlet for you to sell the products.
A: "That is correct."
Q:So you would be guaranteeing that your Research & Development will not be a waste of time.
A: "Yeah."
Q: I've heard a lot of talk about a stock buy back. Is there any effort being made to do that right now?
A: "We are doing this right now."
Q: You are? Do you have any idea of the portion of stock that you are trying to . . .
A: "I will not divulge that information. That was approved by the Board of Directors, and, uh, I think last December. And they decided to buy 500 million shares or something like that."
Q: Can you give me any idea what the float is right now?
A: "No, I don't know that sir."
Q: You don't know that, or the outstanding shares.
A: "I don't know that."
Q: What about your sales? I saw at one point that they were 230% increase at one point. Was that above last year. How are you doing this year?
A: "That is what we are doing. We're doing about 300% obove last year. But the most important part is that, uh, is that we were losing money until this quarter. But this quarter, is the first quarter we have been able to make a buck."
Q: I didn't hear you.
A: "We were losing money all along, and this quarter is the first quarter we are making a buck."
Q: What are your financing efforts? How are they coming along?
A: "Well, we are now negotiating with some people.And that is all I can tell you."
The battery on my recorder die at this point of the conversation. Howver, I asked him:
What amount of money are you trying to raise?
A: He said enough for R & D and daily overhead.
Why have you opted out of the requirment to file quarterly and annual reports with the SEC?
A: Because it costs between $60-75 thousand dollars to do so. Sometimes as much as $100,000
Why has it taken you over 4 years to get your web site online?
A: It wasn't a high priority item, but he realizes that it is becoming more important, would give him a good outlet to improve Investor relations. He said that he has a friend that has started working on that for the company.
Do you have any plans to do a reverse split?
A: No, he said he did that once out of necessity. He said he didn't like it but it was necessary at the time. But they are not going to do another reverse split.
Who is your competition?
A: We don't have any.
He then told me that they are now working on a 16 X16 inch substrate.
He also expressed the opinion that his quarterly reports were answering or should be answering most of our questions. I told him that I had read them and found that they didn't go far enough in providing information.
It was at that point that his office phone rang and we hung up with the understanding that I was welcome to call back another time if I had any more questions.
If and when I call back I would also like to know the answers to the following questions:
Where are you with your R&D in relationship to your competition?
What is the primary source of your companies income at the present time?
Why have you not made any attempt to formally answer any of the invesor's questions?
Why don't you get an Investors' Relations contact who can answer our questions?
Why are you holding your S/H meetings in Las Vegas instead of on the East Coast?
When is the next S/H meeting.
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