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Technology Stocks : Compositech(CTEK)
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To: Ronald A.Christopher who wrote ()10/30/1998 7:54:00 AM
From: HARBOR COVE LTD.  Read Replies (1) of 42
 
I have owned CTEK from the IPO. My early du dilly showed me that, if the non-woven product worked, the company was worth alot more than $5. Since then (two and a half years) this company has been struggleing with the prospects of running out of money. Investors are soon to be rewarded for their patience. I understand that the Industru has begun to produce boards that cannot be manufactured efficiently($) without CTEK's product. Although capacity is constrained, as soon as the Canadian facility is on line (9-15 Mos.) this company should be producing around 3-4 Million$ a Month. At an annual rate of $36-48 mil.annually the valuation should grow from current levels of $18 mil. to $100-$130 mil.. This would move the stock from $1.375 to $9-$11, 12-18 mos. out. This product has a value of $4-6 a share to an existing lam. producer if CTEK can't do it alone.
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