Hi,
Sorta new to this sight. Will anyone give me  feedback on CESY.
I bought it recently @ .002 on an upswing. Does anyone think it will
go to .003 again soon. Thanks for any comments.

MadamVP

I moved the thread from AMEX to OTCBB becasue CESY trades over the counter.  Looks like they're gonna try and play on the Homeland Security angle.

Madam:

For years the management has been living off of the shareholders.  On 5-1-05 there were 343,133,662 shares outstanding.  As of 8-1-05 there were 4,796,102,805 with 5,000,000,000 shares authorized.  The company has issued approximately 161,897,821 per month for the past 25 months.  That is over 7 1/2 million per trading day.  Somehow they were able to secure $1,000,000 in financing but the debt is convertible to common stock and there is no room for conversion.  I would look for another reverse split in the near future.  

The company has been steadily losing money but has a fairly strong balance sheet thanks to the investors.

I have no idea why but only half of the last post was printed.  There is some good news.

Current assets-----------$995,871
Total assets-------------$1,028,662
Current liabilities--------$567,513
Total liabilities-----------$800,013

The balance sheet figures are for the period ending on 6-30-05.  It might be interesting to see the next set of financial statements but stay on the lookout for a reverse split.

Thanks for info. Going to dump with a small profit if possible.