No, we are only talking a bout $3000 of stock. Just some individual that wanted in and no stock for sale. Rorze would not fool around for 16000 shares.
deigh_ if it is a "one time" order, absolutely. Most of Cimetrix orders take a long time developing and they produce revenues and income for several years. What is important here is the financial improvement of the company. If you go back in time as outonalimb is so fond of reporting, you will see they had a bank loan, thousands of dollars of interest bearing notes, and no cash balance. All of these negatives have now tuned positive and yet the stock is down around 75%. Lets get real here, the reason for the stock decline is that the stock has virtually stopped trading. This will eventually turn when revenues start to crank up, and they will, as the negatives were holding them back from R@D, and the likes. Now with operating capitol and no interest payments on notes and loans they are in a great position. We can be thankful for a superior CFO (Jodi Juretich) for much of this
OOAL is correct, I have a very large position in this stock and time is running out on me, so I "am" biased. Having said, I do not lie or try to distort for my own benefit. I have every family member and most of my friends into the stock as I really see a very lucrative situation here. If I were young and did not have this position I would be buying Cimetrix with both hands, as in time, it will pay off big time. I have been in the stock for over 40 years and most of my friends would tell you that I usually know what I am talking about. Yes, I have been wrong, but don't bet I am wrong on this one. Just hope I live to see it.
I'll bet you kind of forgot that in the 3rd. Qt. of 2010 Cimetrix won a "one time" order for $1M for a new customer (Rorze Corp) for CimControll software which distorted the figures for that Qt. and that year. Knowing you are an honest fellow I am sure it was just an over sight that you picked that quarter to make your comparison. Thank you for pointing it out though as for investing we need the accurate information.
I knew you would not disappoint me. Now you have offered a different view, as I told posters you would, and offer "your version" of 2001. Better be careful here though, as Mr. Bilzeriarn being a corporate raider may have a pretty good handle on the value of Cimetrix and take a crack at it himself. His son has 1.7M shares and you can bet many of his friends have a stock pile. You do not want to be left holding an empty bag do you?
by Dave Faulkner,
EVP, Sales & Marketing
At SEMICON Japan 2009, Cimetrix announced a transition in its distribution strategy in Japan. Rorze Corporation has been appointed as the exclusive distributor in Japan for Cimetrix Factory Automation and Tool Control products. Rorze provides innovative robotic and wafer handling solutions to the global semiconductor industry. SEMICON Japan Cimetrix RorzeCimetrix and Rorze have been working together for several years with Rorze transitioning the FA for its Sorter line to Cimetrix CIMConnect and CIM300 products, and working closely with Cimetrix to integrate its EFEM and vacuum platforms with the Cimetrix CIMControlFramework tool control software. This technology exchange led to an investment by Rorze in Cimetrix and the appointment of Rorze as the Cimetrix exclusive distributor in Japan. Rorze’s software department has engineers on staff who are familiar with the SEMI FA standards and have used Cimetrix FA and tool control products on previous projects. Watch for more news as this relationship broadens to add new channels throughout Asia.
At SEMICON Japan, Rorze and Cimetrix demonstrated a new 450mm wafer capable vacuum platform. This platform was controlled by Cimetrix CIMControlFramework and was cycling both 300mm and 450mm wafers. It created quite a stir on the main aisle at SEMICON Japan due to the actual moving demonstration and discussions by ISMI about progress on industry usage of 450mm platforms. Please contact Rorze or Cimetrix for more information.
With todays price spread between Bid and Ask of 77.78% it is telling us we have no interest in buying, nor any interest in selling. That tells me that we have "fear" on both sides. It is interesting to me that no one seems to understand what has changed financially to Cimetrix over the past few years, and what that will mean for the share price in the future. For investors that have fear on the buy side I would suggest you go to
Google and check out Rorze Corp of Japan. Rorze is the owner of the stock due to its over share position. Cimetrix is a public company in name only. Our future is to a great degree controlled by Rorze. If you check the Rorze web site you will see the joint interest and collaboration. Many of Cimetrix products our intertwined with Rorze semi needs. The web site refers to Cimetrix as a co-company, and indeed they are.
How long before Rorze makes an offer? Who knows, but if you have fear on the downside, relax, Rorze is doing very well thank you.
Do your own due diligence, do not take my word for anything. I think many investors are missing the boat here but "outonalimb" will quickly tell you about 2001, so stay tuned ...norm
Paul, you eluded to the fact that your son holds a position of 1.7M shares. If my memory serves me correctly, you son had an irrevocable trust fund of 5M shares. Do you wish to divulge as to what happened to the other 3.3M shares?
You are also correct in saying that while management has recovered and doing well, the stockholder is not. Management cannot expect shareholders to wait forever to benefit. This should be the primary focus as it is their primary responsibility. Many of the shareholders I put in the stock are not happy and they are not convinced that management is concerned about the shareholders. I do not personally agree with that assessment as I know and respect the management team and feel they will solve the situation. I feel that it many come about this year with the improvement in the housing market. labor, manufacturing and the general economy. This along with the semi conductor Book-to-Bill at 1.11, a $0.15 price per share with no activity in sales will be difficult to explain.
If things do not improve for shareholders this year, perhaps it is time to explore our options but now is not the time to talk or suggest management changes. They have worked hard to get the company in a position to prosper by doing a superior job of management the company in my opinion. Stockholder appreciation is another thing. (more)
Your statement of managements recent years good fortune is true. They are being paid well and are being rewarded with lucrative options that in my opinion will eventually make them wealthy. I have not had any problems with that as there was a period (2009) where they could have just thrown in the towel and left all of the shareholders belly up. Instead they cut their salaries in half, cut expense to the bone, sold off part of the company at a sacrifice (albeit at a premium to the going share price), mortgaged personal property and kept the company afloat. Then they hired a super C.F.O. and started to regain footing by selling notes, securing a bank loan with the notes as collateral and rebuilt the company. This has led us to where we are now. No debt, no notes, working capital and money in the bank as well as a tax deferred asset of around $6.5. (more)
Nor do you mention the impairment loss reported in2001 of 3.1M from the write off of technology, the write off of any investment in the company's Japanese affiliate and the reserve for divisional closing costs. These events along with the 2.6M senior notes due Sept. 30, 2001 and your incarceration is what brought the company to the brink of bankruptcy.
In my view, the most important of all these events were your incarceration, seizure of millions of shares of your stock and property is the most damaging. You are a very intelligent, articulate individual and make a convincing argument in your defense. There is no way that we can determine whether you are the victim of a terrible injustice or of your guilt or innocence. You very well may have been the victim of injustice. It has happened many times before and if that is the case, it would pain me. The fact that our justice system operates according to your description would pain me more. Yet the fact remains that when Cimetrix as a company started to decline twelve years ago, it was when the C.E.O. of the company was charged with an offense (innocent or guilty) that is when stockholders and customers lost confidence and the company lost credibility, not Bob Reback's tenure as C.E.O. as you suggest.
Paul, you place the blame for all of the company's problems during Mr. Reback's first year tenure as C.E.O., yet you completely ignore the fact that he had to have had a great deal to do with the success of the company during your tenure as C.E.O. when he was E.V.P. of sales. He held that position since 1996. You stated in an early post that Bob excelled in that position and we all know that product does not move until it is sold. We also know that in his position as managing sales he would be involved in almost every major decision made during your tenure as C.E.O. I retired from one of the largest companies in the world and I am familiar with the chain of command and how the system works. When you state that at the time Mr. Reback took control as C.E.O. "Bob had managed the company to the brink of bankruptcy". Given the dismal facts I noted from the 2001 10-K, you certainly do not expect us to believe it was Mr. Reback's doing. He did not take control of the company until June 25, 2001, therefore he cold not have brought the company to the brink of bankruptcy in six months.
Mr. Dave Faulkner was E.V.P and manager/director of machine control products and had been with the company since 1996. Bob Reback and Dave Faulkner as I know them are level headed, conservative and very intelligent individuals. I cannot buy the scenario that these two individuals at the helm drove the company to near bankruptcy in sic month or six years. You make no mention of the big downturn in 2001 of your main product (SMT) placement market nor the loss that year of your biggest account (Motorola) due to their moving manufacturing to Brazil and China. The sales of SMT placement equipment deceased over 90% year-over-year and many other customers delayed or cancelled places for new machine development. (more)
Paul, I do not at, any time lie, so I must be misinformed. I have never heard of any one being sent to prison. have their property confiscated, millions of shares of stock seized, that the courts did not think they had committee a crime. If you were incarcerated for civil contempt and nothing else , then I apologized and was misinformed. Your explanation of judges , fabrication and lies to get you convicted is something I could not possibly have any knowledge about as I know nothing about you or your situation except what I read and what you tell me. I have to leave that to some one else and it is entirely possible that I am misinformed. I have no reason to lie about anything.
You say that My characterization that the company was in total disarray at your departure was completely false. That is not what I ascertained from SEC filings from 2001 and 2002
I)You were incarcerated.
2) The SEC seized Cimetrix stock and became the principle stock holder and could shut the company down.
3)There were 3 Ligations during that period and you were involved with all 3.
4)In the 4th qt. of 2001 there was a loss of $3.1M
5)Cash used by operating activities increased by 526%
6)Dec. of 2001 there was capital of $1.3M compared to $5.2M T Dec. 31,2000
7)The 10% senior notes maturing in 2002 would potentially consume most of the company working capitol and it was noted on the SEC form that this condition raised substantial doubts regarding the company's ability to continue as a going concern.
With all of this, the company's largest market at that time was the SMT placement market AND one of the largest customer (Mortorola) transferred manufacturing to Brazil and China when the industry went in intot a downturn in 2001, this was hardly Mr. Rebacks fault but some board members love to blame him for every thing.
All of this does not sound to me like the company was " in great shape " when you and Cimetrix deprated.
Look at the financials now
I am not sure what and who you are talking about here outonalimb." a hand full of years ago when the former CEO was on this board regularly" Who was that?
"I changed my mind...because of a foul mouthed little man on this board". Who is that? I hope that is not me, as I get a little mean time to time, but I sure do not want to be fouled mouth. If you are referring to me though, my name is Norm, feel free to use it .
Cimetrix has turned around in my opinion but it certainly is not in the "price per share" which has been and is a "hot button" for me, due to my stock position. Having said that I know that the stock price is not always an indicator of how successful a company is. The success in Cimetrix is the positive balance sheet with no debt and the long string of profitable quarters which will allow them to invest in R&D and to build an all important customer base and reputation and a strong talented management team with many of years experience. Hopefully the share price will eventually come around when the revenues start to increase. But who knows, investors are hard to figure, look at the totally different view you and I have!
I will make you a deal outonalimb. I promise to not repeat the truth and rant about the past if you will promise to shut up about your obsession with change of management and not including the truth of what caused the problems and forcing me to correct you by your omitting the reasons for the past events, which makes it a lie. A lie told long enough becomes the truth if not corrected.
you have been talking about company projections in the year 2001 for years and blaming current management for failure to live up to those lofty predictions. "Failure to state" all the pertinent information is the same as lying. You conveniently forget to state that this was the year Mr. Reback took over the company as President when no one else would take the job because Mr. Bilzeran (owner and major stock holder) was charged for a felony and sentenced to prison, leaving Cimetrix with million of dollars of lawsuits, customers cancelling orders, loss of credibility and leaving the company in total disarray. Mr. Reback and Mr. Faulkner
spent years paying off debts, restoring confidence with customers and rebuilding the company and building a national reputation and respect. Not to mention paying off the bank loan and notes and ending up with a cash balance and debt free. In a very difficult Semi market, except for a few of those years since they too over this fiasco, they have made a profit for seventeen of the last eighteen quarters. The thanks they get for all this is your constant demand for new management. Get real outonalimb, Mr. Reback and Mr. Faulkner have done and outstanding job, built a great team and they are here to stay.
I feel things are about to really turn around, why don't you forget the few bucks you lost back in 2001 and enjoy the ride You might even want to average down a little.
Not sure many readers on the Cimetrix message board remain, but for those that own some stock or leaning toward buying due to financial and fundamentals, in my opinion should be starting to dip their toe in the water. CMXX financials are in the best shape then they have been n for ten years. With the exception of the last quarter they have been profitable for 14 quarters (albeit very small). Having said that, the semi business along with the general economy (labor, housing mkt. ) has turned positive. The latest Semi Book-to-Bill ratio for Nov.. 2013 was 1.11. That is good news for Cimetrix and other Semi companies. Mr. Reback (CEO) last Qt. comments were encouraging, along with new products release as reported by Mr. Faulkner (COO). The stock price and trading is dismal, and in my opinion is way over done and presents a buying opportunity that we have not seen for years. Just my take.
In disclosure, I have a very large position in Cimetrix stock.
The little turdman is the most obnoxious individual I have ever heard of, he crawled out from a rock somewhere-but, he probably is not a moron or nut case that most of us think he is. I would bet that he has a position in ACLS and is trying to drive the stock down with his moronic multiple daily potty mouth drivel. He has almost eliminated any sensible message or discussion on the board in trying to drive the price down so he can accumulate stock at a cheaper price. ACLS will go to $3.50 and probably to above $4 with the possibility of being taken out and he probably knows it.You can't shut him up as he has not sense of responsibility or conscience. We all need to pity this guy has he has a real problem.