Coretec Group Inc (CRTG)

[Testpilot]

Yes, really would be nice to know the status of the pouch cell testing, in addition to Sony and Texas Instruments with Tof testing

[Quikshft]

I would add that we're positioned for some speculative pops in the PPS depending on what the company says about the battery business. We currently are mostly in the dark on the status of Endurion.

[Testpilot]

I believe we are well positioned for future growth in both the CCM business and the EV battery industry with the Endurion active anode material. “Core Optics LLC is a significant player in the compact camera module (CCM) business, but I couldn't find a specific percentage of their market share ¹. They are a leading provider of inspection equipment for CCMs, which are used in smartphones and automobiles. Their products include camera testing machines, calibration machines, and image grabbers designed for quality assurance and performance evaluation of camera systems ². Core Optics LLC has partnerships with major companies like Samsung, Apple, and Hyundai, and has a strong presence in the automotive and mobile device markets ¹.”

[Quikshft]

In my head the CCM business is the anchor from which the battery business can now move ahead with. If you read the statements made by Kim in the last conference call you'll note he talks about the company's history over the last twenty years. This is not THAT company unfortunately. They had large contracts with the mobile device manufacturers and their sales were above 150 million annually according to records that this board dug up. Then an episode of insider misconduct and the company was shut down and eventually sold off. What happened to all the contracts with the mobile device manufacturers who were potentially stiffed in the deal? Obviously they went to Core Optics competition, so that business is gone and probably not coming back. The auto manufacturers are where they now have a foothold, this is new business the company can chase and you can bet when negotiating new contracts they point to the fact that they are NOT the old isMedia Core Optics. I was appalled with the sales for 2024 estimated at 8 million.The difference between 150 million in sales and 8 million is a 25 to 30 cent pps vs a 2 to 4 cent pps. The flip side is that if the battery is a good one 150 million in sales is just a space saver in the order list. Point is when you hear Kim rest on the laurels of the last twenty years, take it with a grain of salt.
We have not heard anything about the battery business since early in the year. Who knows how much effort has been put in while this whole merger deal has been developing, hopefully there has been progress because this is where the company is going to grow. The CCM testers are manufacturing/assembly line machines. You buy one and it calibrates the cameras for a vehicle and then the same machine tests another camera. The camera testers may be indispensable but this is not a high volume business. Batteries are where we're at, Kim has to understand this.

[iamthe walrus]

The biggest positive for Core Optics CRTG is that they have at least 10 cliente who are Blue Chip companies. These companies CRTG is now providing products for or doing R&D with are all established billion dollar companies. CRTG is not only providing products for them but the innovative development of those companies new products are in part being developed by CRTG. I see great growth and stability for CRTG because of these factors

[Testpilot]

Excellent, thanks for sharing!

[Juststoppingby]

I believe we will get this by Monday or Tuesday at the latest.

Mar 06, 2024, 8-K Filing

ARTICLE 8
COVENANTS OF PARENT AND THE COMPANY
8.8. Current Report. Parent shall file a Current Report or Current Reports on Form 8-K with the SEC within four (4) business days of the Closing Date containing information about the Transactions and pro forma financial statements of Parent and the Company and audited financial statements of the Company as required by Regulation S-K under the Securities Act (the “8-K Reports”). The Company agrees to provide any necessary information for preparation of the 8-K Reports.

Aug 22, 2024, 8-K Filing

Item 9.01 Financial Statements And Exhibits.
a) Financial Statements of Businesses Being Acquired
The financial statements required by this Item, with respect to the acquisition described in Items 1.01 and 2.01 herein, will be filed as soon as practicable, and in any event not later than the prescribed number of days for such filing.
b) Pro Forma Financial Information
The pro forma financial information required by this Item, with respect to the acquisition described in Item 2.01 herein, will be filed as soon as practicable, and in any event not later than the prescribed number of days for such filing.

[skitahoe]

I would hope that new information and guidance will be forthcoming in the next week or so. One thing is certain, the newly merged company's first quarterly report should be on the quarter ending in September, with the report due by early November. Hopefully much will be revealed before then, but at that point there should be very little we don't know about what's happening at the company, and what's planned.

Gary

[Juststoppingby]

Cyclohexasilane for Electrodes Patent # US-20240128439-A1 has not been granted “A1,” which means it is an application.
If you do a basic search for Coretec, the following USPTO link will bring up some Coretec patents and applications.
https://ppubs.uspto.gov/pubwebapp/static/pages/ppubsbasic.html

[Quikshft]

That link you provided just gives me a page that reads "unauthorized". It looks like the US Patent Office page, I refer to Google Patents and the last action I see for the patent 'Cyclohexasilane for Electrodes' is that it was published on 8/25/2024. If you're right and it was granted then I'll switch over to the USPO site to get info a day or two quicker. :)
Elgammal and Kraft were working for Coretec as they developed the IP for the company, if they had been on their own dime then I suppose they would also own the patents, but the assignee is Coretec giving the company ownership/control, Elgammal and Kraft are listed as the inventors.

[pegs1]

Good Grief investors have waited for a return on their investment. Now we’re facing dilution and a r/s! We are at their mercy……Hopefully they can up list to the Nasdaq soon……..

[Juststoppingby]

I am not sure, but I think Coretec controls those patterns.
It looks like they got another patent granted on April 18, 2024, titled Cyclohexasilane for Electrodes.

CYCLOHEXASILANE FOR ELECTRODES

[Gunny]

I wonder how long the honeymoon will be before we get to work and start producing some results. In the end the stock will only be as strong as the production of goods and services. Anything else is just speculation.

[Quikshft]

Elgammal and Kraft are listed as the inventors, Coretec is the current assignee. Do I understand correctly that you are suggesting Coretec might not have control of this patent? I think then rather than ignore my inquiry Investor Relations would have quickly replied with that reasoning.
Something weird is playing out, curious to see what it is.

[Juststoppingby]

Maybe not part of the deal?
Patent number US-12030781-B2

https://ppubs.uspto.gov/pubwebapp/static/pages/ppubsbasic.html

[Quikshft]

The Coretec Group, developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for cleantech and emerging tech applications, are experts in engineering silicon.

This is how Coretec bills themselves on their website and I have casually tried over time to figure out what role CHS plays. I find it both mysterious and incredible that they fail to mention or acknowledge the patent on CHS synthesis that was granted on 7/9/24. This patent was huge for the company back when they told us CHS could be manufactured by the train load and customer demand for the material was greater than could be supplied and that in near future CHS would be commercialized. The last 10Q published a couple weeks ago illustrates the status of the CHS patent as ‘PENDING’ and again, it was granted in July. Kappers signed off the 10Q, and the signature line states that the document is accurate to his knowledge, so it must be assumed he doesn’t know the patent was awarded. I have contacted the company twice concerning this conflict without any reply. The conflict is incredible to me, on one hand CHS is the greatest stuff since sliced bread and on the other hand – what patent?

[iamthe walrus]

Its unusual to see the ASK order in to sell 200,000 shares at 0.02 cents right after a new company takes over that has with partnerships with many Blue Chip companies . Time will tell if that was a good trade ...i would wait to let the company take the stage as a public company which starts today ..Give it time Good Grief

[iamthe walrus]

Yes saw that on level 2 quotes im looking at ...We did have one other day we had pre traded shares. My be a normal thing from now on

[stockwatcher1970]

Volume 10,000 before open? Pre-market trading?

[iamthe walrus]

Agree ...We could see a lot of communication about all their partnerships and plans soon enough and maybe a shareholder call . We are in a much better situation now than we were 2 days ago for sure . None of us like dilution of the stock but in exchange for that the new company has the opportunity to do well now for shareholders with revenue and products on the market and blue chip company partnerships and 90 patents added to the portfolio and most of these shares out there are locked up for now so theres a good chance with good news out about the company the share price will move to the upside and increase the market cap of the company which will benefit all shareholders which is what we want to see ...We want to see all shareholders prosper insiders and outsiders ...EVERYONE PROSPERS !!!!

BULLISH !

[iamthe walrus]

Looking at this from a positive angle Seeing that the Carlton James Diversified Alpha Fund SP https://carltonjamesdaf.com/monthly-factsheet-as-at-30-04-2023/ just received from the Coretec Group a mandatorily issue to the Lender an aggregate of 158,338,040 shares of Common Stock (or combination of Common Stock and Pre-Funded Warrants), in full and complete satisfaction of any and all amounts due by CRTG to the Lender pursuant to the Note..... perhaps its time to invest money into the Carlton James Diversified Alpha Fund SP as it stands to possibly make some big gains from the sell of those 158 million shares if the new CRTG does well .

Victor Keen had an interest in that fund i think or with Carlton James so maybe he might be insrtumental in determining when shares are sold into the CRTG from those 158 million shares thet received . I would think that the i beleive apprx 123 million shares of common stock they get have restrictions and cant be sold for a year ?? But the 32 million Pre funded they get can be sold at any time as far as ive read . I think they will be much more friendly to the shareholders and company and not just dump dump dump like Armistice did. I would think Carlton James would want to see the stock move much higher before they sell . They only need 1.5 million to get their money back and a 158 million shares to work with to get their mony back in the investment . I think they will look at this from a long term investment standpoint and try to maximize their investment over the years and get the most out of it they can for with that many shares they could really make huge profits on this investment if they are patient and let the company grow .

[iamthe walrus]

Its good to see Victor Keen is still on the board as a Director . He has been the friend and champion for shareholders for many years now going back to 3Dicon as he has put a ton of his own money in this company and held out for better days for many years . He was also i think i read some where an excellent baseball player and an art collector check out this story about Victor Keen
https://commons.trincoll.edu/reporter-fall2013/features-2/remarkable-stories/

Name
Title(s)
Dr. Seon Kee Kim
Director, Chief Executive Officer
Ho Seok (Roberto) Kim
Chief Financial Officer
David Lee
Director
Victor Keen
Director (Mr. Keen resigned as Co-Chairman, and remains on the Board as a Director)

Name
Title(s)
Dr. Seon Kee Kim
Director, Chief Executive Officer
Ho Seok (Roberto) Kim
Chief Financial Officer
David Lee
Director
Victor Keen
Director (Mr. Keen resigned as Co-Chairman, and remains on the Board as a Director)

[Testpilot]

Amen 🙏 believing for great developments!

[Juststoppingby]

We must give them more than one full day in charge for some good things to happen.

[Testpilot]

Victor Keen is now a Director on the board, which I believe is encouraging and the new leadership has a good track record. Looking forward to seeing good news in the near future.

[Juststoppingby]

We may receive a pleasant surprise by next week. For instance, we will find out the shares structure and the number of outstanding shares (which might not be as bad as we are expecting) and get good news about Endurion and other good news.

[iamthe walrus]

The difference here is is the partners they have and some revenue that's expected to grow we need a run before Carlton James might and I say might start selling those millions of shares

[pegs1]

This is my last Penny stock ii will ever own! Burn me three times shame on me! This is depressing to say the least! How can these guys sleep at night knowing that they robbed investors of their money! It’ll be a massive R/S in the end………

[Testpilot]

I really needed to see that article, thanks for the timely post

[Testpilot]

I still believe the Endurion project and CSpace will come to fruition and patience is a virtue. Abraham waited 25 years to see Isaac born.😎 Perhaps the Carlton James Group will exhibit patience as well and we’ll all prosper as a result

[Quikshft]

Part of the reason I described us as "hosed".

[Juststoppingby]

Let's hope he feels the same way today as in December 2022 when this article was published.
https://finance.yahoo.com/news/carlton-james-group-first-backed-152100664.html

[Testpilot]

Yeah, it’s definitely frustrating

[iamthe walrus]

Yes I just read it thats where I saw Carlton James gets 32 million pre funded warrants exercisable now and another 123 million shares of common stock for the 1.5 million owed them . Dump time all over again . Hope they hold off for a while

[Testpilot]

New 8K out

https://investors.thecoretecgroup.com/static-files/404e2a12-c3a9-4ad9-ab67-2e8cccdfea3b

[iamthe walrus]

Carlton James could be a big spoiler if all they do is dump at lower prices until they are out . They can only have 9.9 percent of the stock OS but then they sell and reload . We gotta hope they sit back for a while and hold them for a while looking for much higher prices and give the stock a chance to go up

[iamthe walrus]

The one thing we don't want to see is Carlton James Group gets 158 million shares with 32 million pre funded warrants exercisable at any time like tomorrow . I would think they start dumping soon as they were owed 1.5 million dollars plus but got Shares instead . We just got rid of Armistice but nothing changes from the past except the new company might have enough news to push the stock price up some and you'll probably see a ton of selling . Longer term Carlton James doesn't want to be part of a split more than likely so I think those those pre funded warrants start hitting the market with even a little move up .

[Quikshft]

I would suggest it depends on Endurion. If that program is handled well and it results in speculative sales of shares causing the pps to rise, the split ratio will be much less to get to a benchmark of say a dollar, compared to the business without Endurion. What is said about Endurion in the coming weeks is critical.

[pegs1]

Quick Shift
I was hoping for a little profit. This is my last penny stock to own! If they do a R/S, what ratio do you think they have? I’m willing to stick around to see what happens after closing…….

[Quikshft]

Here's how my brain works. The Core Optics side has already disclosed projected sales numbers for 2024 and 2025. Those numbers don't dictate a rise in the pps much above 4 or maybe 5 cents a share (depending on the metric you use) based on a fully diluted OS of approximately 2.6 billion. (It likely is higher than that now) If the company prospers, why will it? The wild card is Endurion and the potential value of the battery program FAR exceeds the camera business. So, just as before we were taken over our fortune now rests in the success of Endurion but guess what? We're set to "prosper" only about 20% of what we were before the merge. To me it matters a lot.

[stockwatcher1970]

Does it matter for the shareholders who owns the majority? If the company prospers, we prosper either way, correct? Or am I missing something?

[Quikshft]

Kind of a bait and switch. The result is that there are 80 more shares and votes per each C preferred share. This seems it would further dilute the 20% that was once Coretec (us) and result in an even greater than 80% ownership by those who took us over. My opinion is we've been hosed, and they have a pretty long way to go in order to win me over. Once I determine the price per share can't rise I will be out with a loss at these levels as there are other opportunities in the market.

[Barteln]

Item 5.03 Amendments to Articles of Incorporation or Bylaw; change in Fiscal Year.

On August 21, 2024, in connection with the Share Exchange Agreement, the Company filed a Certificate of Designation, authorizing and designating 10,000,000 shares of the Company’s Series C Convertible Preferred Stock, par value $0.0002 per share (the “Series C Stock”), with the Oklahoma Secretary of State. Each share of the Series C Stock has a stated value of $3.00. Each holder of the Series C Stock shall be entitled to a number of votes equal to shares of the Company’s common stock into which such Series C Stock are then convertible, disregarding, for such purposes, any limitations on conversion. However, the holders are not entitled to receive any dividend rights.

The Series C Stock is convertible, at the option of the holders and, in certain circumstances, by the Company, into shares of common stock. Each share of the Series C Stock may be converted into Two Hundred Thirty (230) shares of common stock of the Company, subject to terms and conditions and limitations as set forth in the Certificate of Designation for the Series C Stock.

The conversion rate in the March announcement was 150. Now it's 230. The way it reads to me is in March they initially valued each share at .02 and now they see it being .013.

[Testpilot]

Key Highlights:

Successfully developed the isCrown array system with full automation collimation for 8-degree and 15-degree FOV.
Initiated R&D for Mobileye certification, with completion expected by the end of next year.
Collaborating with Hyundai Mobis on the development of equipment for high-resolution camera modules.
Engaged in a PrePV stage PO process in partnership with Hyundai Mobis.
completed the delivery of a mass production line for Hyundai's flagship vehicle camera to a Tier 2 automotive camera supplier in Korea.
For more information, please visit coreoptics.us.

[Juststoppingby]

Super wide ankle.
https://investors.thecoretecgroup.com/static-files/8e1fc454-94bf-4c4e-b3ec-e4f03b72cb8d

[iamthe walrus]

We need a new consolidated web site . Im sure they are looking at doing that and we need a shareholder call and a lot of news out about all of these partnerships and details of about each partnership. Also an update on the talks they are having with the Korean battery manufacturers about Endurion

[iamthe walrus]

In the news today they said ...Successfully developed the isCrown array system with full automation collimation for 8-degree and 15-degree FOV. So what is an array system It can be used for different applications I dont know anything about it but heres one article on it

https://www.nature.com/articles/s41377-021-00485-x

[Juststoppingby]

I see it as they want more control than the former management and directors, which means they won't be able to convert and sell their shares for a while.

[iamthe walrus]

I did order and read the certificate of designation and it says nothing about the mandatory event being a reverse split like the one that was wroed that way in the share exchange agreement . They changed it to basically at the time of a choosing of the company they can corporate actions when they decide to to do whatever that might be at the time of the companied need which may end up being a R/S but those words were left out of this document .

it did say at the top of it that the company , " authorizes the issuance by the corporation in one or more series of up to 25,000,000 shares of preferred stock par value 0.0002 etc ...but made it clear in the document that the series C shares were 10 million ( 230 per share in convertion ) so what shares are the other 15 million and where are they coming from ??

The original wording that was changed in the new certificate of designation wording Reverse split was left out though they could still do one but i think it is a big wait and see what happens over the next year or so .

this is the original wording that was changed..in the new one released yesturday

(ii) “Mandatory Conversion Event” means any time after the occurrence of a corporate action effectuating a reverse-split of the shares of the Company. Such a Mandatory Conversion Event shall require the Company to issue, on a fully diluted basis, all shares of Parent Common Stock into which all Parent Preferred Stock are convertible.

[Juststoppingby]

This was filed Wednesday from the Oklahoma Secretary of State's website.