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Has anyone seen, or taken a ride in a self driving Waymo Cab? I've seen many of them and frankly wonder if all the gadgets whirling around on the cab is really necessary, or merely intended to give the rider they're better protected than a car with all the censors found in many modern automobiles capable of self driving in parts of the streets and highways. I'm not suggesting that more censors aren't needed to be truly self driving everywhere, I'm just suggesting that they can be integrated into the car without all the spinning wheels, etc. found on the Waymo Jaguar's.
If I'm right, and if additional and improved sensors can be integrated into the car without looking like an alien vehicle, perhaps Core Optics will become one of the major suppliers of these improved devices.
I should note that all the Waymo's I've seen have had drivers in the drivers seat, but I understand in parts of L.A. they're available driverless, and I'm not certain if there is a charge for using them at this time. Tesla intends to be in this market in time and you can bet they won't have all the whirling gizmos found on the Waymo's, and I'd suspect the Jaguar's will be more comfortable, but the Tesla's will get you there.
Gary
Gary
I know I've made plenty of similar mistakes over the years. We all need to recognize that the potential here is great if we get just a small percentage of this total. As I gather it, the key is whether our technology is truly superior to others. If it is, it sounds like our intent is licensing it, not manufacturing massive amounts of it. If many of the makers of batteries licensed our technology that could prove more lucrative than manufacturing a small percentage of the batteries ourselves.
I'll be very interested to see the path that all this takes as the people at Core Optics take command. It's possible that they will want to change direction and push media production and sales, rather than licensing the technology to others. I really want to see the company come together and operate for a few quarters to really start to understand all that we have going for us.
Gary
Global Volumetric Display Devices Industry: Types, Applications, Market Players, Regional Growth Analysis, and Future Scenarios (2024 - 2031)
https://www.linkedin.com/pulse/global-volumetric-display-devices-industry-types-applications-fff0c/
Gary,
You were right....it's all in the decimal place :)
1,052.8 million = 1.0528 billion and 57,653.4 million = 57.653 billion :)
"1,052.8 million in 2024 and US$ 57,653.4 million in 2034." 1,052.8 million = 1.0528 billion and 57,653.4 million = 57.653 billion :)
57,653.4 million = 57.6534 billions
Actually, Walrus is correct:
“NEWARK, Del., May 6, 2024 /PRNewswire/ -- According to Future Market Insights (FMI), the global silicon anode lithium-ion battery market value is set to reach US$ 1,052.8 million in 2024 and US$ 57,653.4 million in 2034. Over the assessment period, the industry is predicted to surge at a CAGR of 49.2%.”
I think if you read it more carefully, it's 54 billion. That's massive growth. The question is, what percent of that can we win.
Gary
This article says the silicon anode business is only 1 million in revenue now and will only hit 54 million 10 years from now . 54 millioin 10 years from now isnt very good . Not sure this article is accurate . Out of all the players in that market to only hit 54 million in sales in 2034 isnt very promising . Between lets say between 10 anode suppliers in 2034 thats only 5 million a year each in revenue . It going to have to be a lot better than that . Good thing CRTG is merging with Core Optics just in case thats happens !! Core Optics is CRTGs ticket now anyway since new tech takes so long to generate revenue CRTG had to get some revenue and they will have it soon enough !!
Hmmm Wonder if the million share dumps are over. Been real light yesterday and so far today...
Skitahoe
I agree that a r/s is on the horizon. I’ve been through 3 of them with 3Dicon! They were brutal with last one 300:1 ratio! If this is to happen in order to close the deal, then do it with a small ratio of 5:1. I know that CEO Kim wants Coretec to uplist to the Nasdaq. He wants the world to know about Coretec’s products. I believe that Coretec will soar once on the Nasdaq…….
Pegs, while that would be spectacular if done without an R-S, I could live with one if it is not too severe. The goal of getting on a major exchange would make this a very different company, that's what I want to see.
Gary
Skitaho,
That’s great 😃! I’m hoping that investors will be rewarded for their patience . I’ve been with this stock since it was 3Dicon. I bought extra 100,000 for the long run. I pray that this stock takes off to dollar land with the announcement!
My stock addition is about 40% of the volume today thus far. I frankly have no idea how many shares I will end up with when all the dust settles, but I think it will be worth more than I have invested to date.
Gary
Has anyone heard of this website? It has good information unless someone can suggest a better site that is free.
Perhaps after the merger closes they could if the price is right .
Armistice has to be the one dumping recently not sure who else it could be based on public records of who owns CRTG . Are they out of the pre funded shares or just sitting back waiting for a bunch of big bid orders to dumps shares into ?? Today so far its quiet
Hopefully, Armistice and anybody with pre-funded shares will sell all they can before the merger closes.
I wonder if CRTG is buying back its shares.
Core Optics was formed July 19th 2023 so we are just looking at 5 months worth of financials for 2023 which will cut down the time it takes to audit Core Optics . The Coretec Groups audits were much quicker since they have no revenue and no products on the market. Possibly Coretec will be shipping out some materials for evaluation by the close of the merger and announce who they will be sending the anode materials to. I liked the update as Core Optics obviously has large volumn orders in for their products as they are back logged and had to hire more people and their revenue is increasing according to the news release. Where is Armistice today are they out of pre funded shares ?? Possibly as they had to be getting close as we have traded 27 million shares in 8 days.
I believe so
So the June 30th completion date is attainable!
Statement released says Core Optics is completing their due diligence and auditing. Should be on schedule especially if they're getting "back to work" with patent filings... Looking forward to the market reaction to this press release.
"How long are company audits?
Audits are typically scheduled for three months from beginning to end, which includes four weeks of planning, four weeks of fieldwork and four weeks of compiling the audit report. The auditors are generally working on multiple projects in addition to your audit. Feb 8, 2023"
Test Pilot 🧑✈️, Walrus, Quick Shift, & Gunny,
Do you know if Coretec has been audited yet? Latest News said that Core Optics is working diligently on share exchange & being audited. Sure hope that Coretec has already been audited for this deal. Once audit is completed, do you know how long it will take to process all data?I don’t see this closing this month if Core Optics audit continues onward. Hopefully everything will be done by June. …….
Test Pilot 🧑✈️, Walrus, Quick Shift, & Gunny,
Do you know if Coretec has been audited yet? Latest News said that Core Optics is working diligently on share exchange & being audited. Sure hope that Coretec has already been audited for this deal. Once audit is completed, do you know how long it will take to process all data?I don’t see this closing this month if Core Optics audit continues onward. Hopefully everything will be done by June. …….
Fresh NEWS! ANN ARBOR, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for electric vehicles (EVs), cleantech, and emerging tech applications, today announced the filing of a full utility patent application for its silicon-based battery anode development program, Endurion, and provided an update on its anticipated definitive share exchange agreement with Core Optics, LLC.
On May 1, 2024, The Coretec Group filed its full utility patent application for Endurion after filing its provisional patent application in May 2023. As previously outlined, Coretec’s team of scientists developed three distinct and novel methodologies for minimizing pulverization and increasing rate capability by creating an artificial SEI layer around the silicon nanoparticle. In the last year, testing data has shown that Endurion batteries with this unique SEI layer can extend silicon-based anode lifespan and boost energy density by enabling higher silicon loadings in lithium-ion batteries, as stated in the patent filing.
Core Optics, LLC is working diligently to meet and complete audit requirements, and has retained TAAD LLP, a PCAOB registered firm, to conduct the 2023 fiscal year audit. TAAD is highly qualified in this space, working directly with public companies including those with business operations in Asia. As due diligence and integration efforts continue, Core Optics’ revenue has grown as the Company meets the high demand from auto manufacturers and blue-chip companies for its products. The corporate headcount has also grown, predominantly in manufacturing and engineering, to meet the demand and work through its backlog.
“Our Endurion battery program is viewed with tremendous potential internally as well as within advanced technology and industry conversations, making it paramount that we protect that asset,” said Matthew Kappers, Chief Executive Officer of The Coretec Group. “This is especially true with the Core Optics agreement progressing through appropriate steps to completion, as they possess established sales channels and revenue streams from the auto manufacturers likely to evaluate Endurion. The process for this share exchange will take time, and we are appreciative of the patience from employees, partners and especially our shareholders.”
Pegs1
The due date is June 30th and yes it can be extended. The pps could drop to .0025 or lower. However, the merger is still going through and the new CRTG will have revenues
267000 additional shares bought...
I look to the future with hopeful anticipation. As long as CRTG remains a viable entity my shares will rebound. I'm in this for the long haul and have the patience to wait years if need be. I don't believe it will take that long of course. At WORST I believe we'll break even...
Test Pilot 🧑✈️,
Someone on Stocktwits posted that the share price could go down to.0025. This could affect our profits for sure. Do you think investors will hold onto their shares or panic sell if this deal doesn’t close by June 1st? My broker is going to fuss over my purchase of shares! Can Coretec & Core Optics extend their application for the merger to SEC if the deadline passes?
My broker is going to fuss at me for purchasing more shares! I hope this merger closes soon!……..
This is strangest trading ive ever seen . If someone puts a bid for a million shares a a very low bid and by day end the seller will sell a million shares to them at those low bids . Its happened more than once recently on low bids as it did today . If they are really wanting to sell that badly they just want out as quick as possible. . CRTG has traded about 25 million shares in the last 8 day today being the 8th day. If Armistice is the one selling and it looks like it to me then they cant have many of the pre funded warrants left . Nobody else has that many shares to trade at this time and Carlton James company has to file SEC updates every time they sell plus they im sure cant trade now as the merger closing is still ongoing ,. Armistice has to be very close . Look for more big dumps later today if they do as several bids are lined up they would sell to . Once they are out they of course have the 82 million warrants at .08 cents they can pick up i believe that are under the 144 rule trading guidelines . If we hit 10 million shares traded today we will be close to 30 million traded in 8 days . They have to be close to selling all those pre funded if it is indeed them selling very close .
Bought 75000 shares yesterday.. I consider it extra padding in case of a reverse split! But it would be nice to go to dollar land without a reverse split!! Come on Coretec, we need a Win!
Yeah good catch Quikshft
I see the term "Short Sale" in the verbiage which is basically the sale of an insolvents holdings at fire sale prices.
Alright nice work on the translation to English .. not sure exactly what it all of this means but it obviously has to do with is media insolvency problems which appear to have lead to the Core Optics purchase of their product line
13. Plans for future corporate restructuring
- None
14. Other important matters related to investment decisions
1) “Total assets (KRW)” in “2. Transfer details” above is based on the consolidated financial statements as of the end of the fiscal year (December 31, 2020) prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS) (Accounting Audit Opinion Appropriate) standard), and “Capital (KRW)” in “6. Counterparty” is the capital on the corporate register.
2) Of the total sale price, 14,405,784,719 won is the value of the land, and the building value is 6,733,933,091 won (excluding value-added tax).
3) The “Transfer Base Date” and “Scheduled Registration Date” in “5. Expected Transfer Date” above are based on the balance payment date, and matters regarding this schedule and sale price payment date may be changed according to agreement between the company and the transferee.
4) This disclosure is made at the point when the buyer's information is known after the buyer has paid the balance in the short sale procedure. .
9,300,000,000 South Korean won equals 6,714,956.19 USD.
Also another entry of importance is , " Decision on Transfer of Tangible Assets " That explanation of this filing is at the top of this page https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20231122000358
Click on Occurrence of insolvency for debt payment i believe in US money it was about 9 million
https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20231211900313 I used the advanced search at their site and scroll down to that entry . Anyone know the Korean language ??? Lots of these entries are in English
You van see filings about ismedia at Dart Repository of Korean Corporate filings https://englishdart.fss.or.kr/dsbb001/main.do Its out there you just have to do some searching i look again they owed like 9 million in payments etc again ill look later but it was a listed on what they owed . So thetysold off the product line and paid it. The latest financials show they have a few bucs to their name after all was said and done . I judt put in 2017 to present on the date and put ismedias name in on company search or advanced search was good as well or look at the quarterly filings . There are several searches you can do
And my intention is just to illustrate that the debt that Coretec may assume means that the number of shares to be issued is a moving target. If Dr Kim is THE owner of Core Optics, but he bought the company with a 50/50 split of cash and debt, then only about half the number of shares would need to be issued to Dr Kim compared to a scenario where he bought the company with cash outright.
I agree it will be nice when the speculation period is over and we can see the numbers and shareholders will determine how good things are from now on.
I think your analysis is accurate and I look forward to seeing this merger close and watching the new CRTG move forward.
Not going to claim any expertise in these matters, but I've watched a rodeo or two from the bleachers. If isMedia went south of the law and were de-listed, the courts probably stepped in and dictated that their holdings be sold off to help restore those who they were indebted to. Core Optics was apparently the jewel in the isMedia holdings and while those who bought it might have gotten a stellar value, it is likely they did not pay cash. That means the new owners are carrying some level of debt. I'd also say to keep in mind that just because a company is carrying some load of debt, it's not a reason it can't be highly profitable.
I agree, and that's why I mentioned it in a post on March 18, 2024, Post #42276.
"Also, it is highly unlikely that Core Optic is debt-free. Core Optics' long-term liability will become Coretec's. So, what are some of the 80% of the Company's Common Stock for? Guarantee? Core Optics has revenue now."
Those loans/debts should be good debt.
In March, I tried to determine how much Core Optic might have paid for the IS CCM Co Ltd product line.
IS CCM Co Ltd. > Core Optics Co., Ltd. to Core Optics LLC.
My thoughts on this: "the share exchange agreement clearly states Reverse Split." In case of a reverse split, they must state this in the agreement, meaning that, for one, the 10 million preferred shares would have to be converted before the reverse split.
It’s my understanding that a board member of isMedia embezzled money and the company was taken off the S Korean stock market in 2022. Core Optics bought the CCM calibration business and has been thriving since then.
“EMBARKING ON A NEW ERA
Core Optics LLC proudly announces the acquisition of Core Optics Co., Ltd., previously known as IS CCM Co Ltd. This strategic move not only broadens our technological horizons but also strengthens our leadership in the dynamic world of imaging technology.”
“COLLABORATION EXPERTISE: A LEGACY
Over two decades, CORE OPTICS has developed an impressive portfolio of advanced testing methodologies and a deep knowledge base, thanks to our collaborations with both niche businesses and industry titans like Samsung, Apple, Meta, Hyundai, Ford, and Lucid. These partnerships have not only broadened our expertise but have also reinforced our reputation as a beacon of innovation and reliability.“
https://www.coreoptics.us/company-overview
Core Optics was owned by that Korean company that ran into trouble and went bankrupt. The current owners had to purchase the company, perhaps out of bankruptcy but it wasn't free. Where would the purchasers get the money to buy a company like Core Optics, worth perhaps 50 to 75 million dollars? You get a loan. Hopefully Coretec can assume the terms of that liability, I bet it is way better than the interest rate you can get today.
If Core Optics has healthy profit margins, which by definition is 10%, why would we assume they have debt?
Thanks guys for the information! I have to agree with Quick Shift on the potential of a reverse split. I sure hope that the merger closes in May! ……
It occured to me that Core Optics probably has some debt that has to be delt with. Interestingly, that debt could be part of the reason the deal can close without an R/S. Not holding my breath on that, the share exchange agreement clearly states Reverse Split.
Quikshft - I am pessimistic that the current principals of Core Optics could have purchased the company when it was recently sold without taking on debt. If the Coretec Group simply took responsibility for the existing debt load under the current terms, would that mean the share count that needed to be issued to the current Core Optics owners to compensate them for selling would be diminished?
ChatGPT - Yes, if Coretec Group were to assume responsibility for the existing debt of Core Optics as part of the merger, it could potentially affect the amount of compensation (in the form of shares or otherwise) that needs to be issued to the current owners of Core Optics.
Assuming that Coretec Group takes on the existing debt without modifying its terms, it would mean that Core Optics' liabilities are absorbed into Coretec Group's financial structure. This could impact Coretec Group's overall valuation and financial health, which in turn could influence the negotiation of the compensation package for the owners of Core Optics.
If Core Optics has a significant amount of debt, Coretec Group may need to issue fewer shares to the owners of Core Optics as compensation, as the assumption of debt would already represent a form of consideration in the merger transaction. Conversely, if the debt load is substantial and Coretec Group agrees to assume it, the issuance of shares may still be significant, but it would depend on various factors including the valuation of Core Optics, the terms of the debt, and the negotiation between the parties involved.
In any case, the treatment of existing debt in the merger negotiations can have implications for the overall structure and terms of the deal, and it would likely be a key aspect of the discussions between Coretec Group and the owners of Core Optics.
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