Zecotek Photonics Inc ZMSPF

zecotek

[Speede18]

Zecotek is still being traded on Ameritrade US. Some days with volume at 20,000 plus.  What is going on with this farce of a company

[RightAngle45]

I honestly wish i could tell you !!! But I do know we have been fleeced. It looks like he may of worked out some thing  with the chinese and forgot to include us investors. Its a convoluted mess and bizzare to say the least.He supposedly had a couple deals on the hook and then let them go.  One was birds view or something like that ???  The other was something to do with horse

[Pandora]

It just seems amazing to me considering the technology they had, the large patent portfolio, supposedly the 3D tech with affiliations with high level European automakers, and Faouzi being the main brains behind it all that he could then get completely fleeced by the Chinese and lose everything including the patents. Either everything was phony from the start or something just does not add up. I

[RightAngle45]

Yes Pandora, we were conned from the get go.  It was disclosed that on several occassions money raised was used to strengthen patents and pay our CEO a juicy salary. ( I thought that part of a CEO job description was to enhance shareholders value ) I guess it leaves us to wonder if the technology was ever there, or we were just simply sold short, or maybe both. I hope he enjoys his money he

[Pandora]

Last year they produced financials in July and August and then they held a "Special" meeting on September 9th. There has basically been no reporting done since then. I guess even though they are still in effect a publicly listed company (to some unknown extent) there is no requirement for them to report anymore?? i.e. Shareholders can just be hung out to dry with no information provided

[Speede18]

at this point today 45000 shares traded as listed on ameritrade..what the------is going on

[Pandora]

So at what point does he just declare Chapter 11 bankruptcy or whatever it is called and just dissolve everything? What a bad experience this has been from such an intelligent leader! As I have been told many, many times in my life, intelligence and common sense do not always go hand in hand.

[RightAngle45]

This gong show can be categorized as pathetic. There is a fine line between being intelligent and being a crook.  I know which category I would place him under. Maybe there is a little more money left to extract, before bankruptcy is declared. I lost more money than I am prepared to admit on this $hit show.