Coretec Group Inc (CRTG)

[Gunny]

Seeing a bump today in the price. Looks like confidence is creeping back in. Some people may be thinking "No news is good news." That is unless we pass Wednesday with no news. One thing to consider - In order to be listed on a major exchange the DD, tracking and reporting reaches a whole new level. As a logical deduction I suspect The Coretec Group took this opportunity to meet and exceed all those requirements in preparation for up-listing the security. Thoughts?

[Testpilot]

When a SEC Form S-4 is filed, the filing date is not counted as one of the business days for notification. The Securities and Exchange Commission (SEC) considers the filing date as Day 0, and the notification period begins on the next business day.

According to the SEC's rules, the filing date is the date when the filing is received by the SEC, and the notification period starts on the next business day. Business days are typically Monday through Friday, excluding federal holidays.

So, if a Form S-4 is filed on a Monday, the 4-business-day notification period would start on Tuesday (Day 1) and end on Friday (Day 4).

So, we will know by Wednesday for sure 👍🏻

[skitahoe]

I don't know if it's legally required, but most such announcements do normally come either after the close, or before the open. If that establishes an imbalance in orders it's very possible that trading will be halted until the issue is resolved.

Something is certainly due, it's impossible to say just when, but I think we'll know something before Wednesday, at the latest.

Gary

[stockwatcher1970]

I can’t remember where I read it or who posted, but are they required to give the announcement while market is closed? Or, was that just for the financial update?

[pegs1]

Dollar land sounds good to my ears! I’ll need it for my new lungs! Cost is astronomical!….

[Testpilot]

Amen Gunny,

So glad to hear that all is going well with Marsha’s treatment. Lauren and I look forward to celebrating the victories that the Lord is bringing into your lives and ours!

[Gunny]

One more Chemotherapy treatment for Marsha then 10 radiation treatments. She's been a trooper. Good news from The Coretec Group or leaving pennies into dollar per share would be a great moral booster!

[Testpilot]

It could very well be, or the 21st at the latest

[stockwatcher1970]

Will tomorrow be Merger Monday? 🙏

[Testpilot]

Amen 🙏

[Juststoppingby]

Bye-bye penny land, hello dollar land. I think I'm gonna like it…

[skitahoe]

They are making some great electric cars in Korea. I was interested in the Genesis GV70 but the location of the charger in the center front of the car put it under a deep shelf, it wouldn't work. If they can add superior batteries they'll really have an excellent product. I settled for a Lexus that's also a nice luxury model, but could use longer range and faster charging too. I couldn't pass the $20+K discount they were making, it wasn't the car I planned, but I'm loving it.

Gary

[Testpilot]

I do think we’ll see a bump once the filings/PRs are issued confirming the share exchange is done. Also, I would not be surprised to see an update on Endurion pouch cell testing, or a S Korean battery manufacturer showing interest in using the active anode material.

[stockwatcher1970]

I think 0.12 is a great starting point. Do you think the merger itself will be enough to create more interest for a steady increase, or will we need more news? It feels like we’re due for a battery update and they’re saving it to announce after the merger is completed.

[Testpilot]

Gary,

To estimate a fair price for the stock, I used a simplified approach based on the provided information. Please note that this is a rough estimate:

1. Revenue growth rate: 100% (from $8M to $16M)
2. Also, CRTG authorized share (AS) amount is still 1.5 Billion so anticipating the OS count going to 1,030,561,076, since the 10,000,000 Series C Preferred Stock will be convertible into 1,500,000,000 Common Stock, but would exceed the AS amount and conversion is not mandatory at the present time.
3.Total outstanding shares after the exchange:
315,000,000 + 705,561,076 + 10,000,000 =
1,030,561,076
Let's use the Price-to-Sales (P/S) ratio method, which is suitable for early-stage companies.

Assumptions:
- Industry average P/S ratio: 5-10 (varies depending on the industry)
- Growth factor: 1.5 (due to high growth rate)

Estimated 2025 Revenue: $16M
Estimated 2025 Enterprise Value (EV): $16M x 7.5 (avg. P/S ratio) = $120M
Estimated 2025 Equity Value: $120M (assuming no debt)

Now, let's calculate the estimated fair price per share:

Estimated Fair Price = Estimated Equity Value / Outstanding Shares
= $120M / 1,030,561,076
˜ $0.11644 (or $0.12)

Bob

[skitahoe]

What P/E ratio did you assume in arriving at about $.12. If it's based on a P/E of 10, if what's divulged when the merger's complete suggests a great deal of future upside potential is expected, then 30 may be justified, IE a $.36 share price. On the other hand if you used 30, and future guidance is lacking and only justifies a P/E of 10, we could be looking at $.04.

Either way, it's still a big gain over where we are today, so let's hope it comes to pass, hopefully by Tuesday.

Gary

[Testpilot]

Yeah, no filing to indicate any delays. Also, CRTG authorized share (AS) amount is still 1.5 Billion so anticipating the OS count going to 1,030,561,076, since the 10,000,000 Series C Preferred Stock will be convertible into 1,500,000,000 Common Stock, but would exceed the AS amount and conversion is not mandatory at the present time
Total shares after the exchange:
315,000,000 + 705,561,076 + 10,000,000 =
1,030,561,076
This should give CRTG ~.12 value after the dust settles.

[stockwatcher1970]

I agree! Best we can hope for today is complete silence!

[Juststoppingby]

If they do not close this week, I suspect they will let us know today.
If they closed yesterday, August 15, I suspect they will do the same as when they signed the Share Exchange Agreement on Friday, March 1, and filed the 8-K report on March 6 (four business days later), so in this case, Tuesday, August 20.

[Quikshft]

It does seem to reflect a certain level of arrogance that they believe they can let this significant deadline slip without a word. Twice. But, Core Optics insiders are set to own 80 plus percent of the company should it actually close. Not like we the twenty have anything to say about it.

[Testpilot]

The time frame for a company to report a share exchange as complete varies depending on the specific circumstances and the requirements of the Securities and Exchange Commission (SEC). Here are some general guidelines:

- Form 8-K: A company must file a Current Report on Form 8-K within four business days of the completion of a share exchange that is considered a "material event" (such as a merger, acquisition, or significant business combination).

Form S-4 is a registration statement filed with the Securities and Exchange Commission (SEC) to register securities issued in connection with business combinations, such as mergers, acquisitions, and exchange offers.

The filing deadline for Form S-4 varies depending on the specific transaction and the company's status. Here are some general guidelines:

- For mergers and acquisitions:
- Pre-effective amendment: 30 days after filing (SEC review period)
- Effective date: 10-20 days after pre-effective amendment (SEC declares effectiveness)
- For exchange offers:
- Filing deadline: Not later than 20 business days before the expiration date of the exchange offer
- Effectiveness: Typically declared by the SEC 10-15 days after filing

[Gunny]

I see your point BUT I think no news is not necessarily bad news. They have always been slow to communicate so let's see what news tomorrow brings. They may just be busy dotting and crossing with an update forthcoming.

[pegs1]

Gunny, quick shift, Test Pilot & Walrus ,
This isn’t a good sign guys! Coretec should have come out with a statement! If it went through, Core Optics should have reached out to the investors! ……..

[Quikshft]

This company's history is quite brief. I'm not an accountant but it seems it would not be too hard to go back to their beginning and re-enter / re-configure the books with what is appropriate for a US company.
Anyhow, just speaking for myself but if today ends with no communication from the company whatever there is left in the "goodwill" tank will be exhausted. Not sure what to expect as the language is "no later" than today, if they miss is that the end?

[iamthe walrus]

A good read about what Core Optics was facing in , " The delay is a result of continued efforts to meet final closing conditions, primarily the need for Core Optics' accounting which uses Korean International Financial Reporting Standards "K-IFRS," to be converted to US GAAP. "

https://www.cpajournal.com/2023/10/10/changing-basis-to-u-s-gaap-from-ifrs-and-a-related-reporting-issue-for-successor-auditors/

The Coretec Group and Core Optics, LLC have entered into an amendment to share exchange agreement which extends the closing date to no later than August 15, 2024.

Were there

[Testpilot]

That’s what I’m thinking 🤔

[stockwatcher1970]

Hopefully a sign we’re closing by tomorrow!

[Testpilot]

10Q filed today

https://investors.thecoretecgroup.com/static-files/773424ff-faed-4622-ad7f-72ea133d82d1

[Gunny]

I'd take flat over decline...

[pegs1]

Zero volume & flat line chart…no news!

[Testpilot]

I suppose that CHS synthesis may still be on the back burner until they have funds to support further research at Eindhoven University and CEA in Paris

[Quikshft]

There could be other items they mention at the close, consider that they haven't said a word about being awarded the patent on CHS synthesis. Why not???

[stockwatcher1970]

Also, will there be a battery update or other news to add to the merger news?

[skitahoe]

The question may be, if the merger closes, will we be told immediately, or will up to 4 business days be taken to set out all the changes.

I believe that they can legally delay the announcements, the question is, what will they do.

Gary

[skitahoe]

The question may be, if the merger closes, will we be told immediately, or will up to 4 business days be taken to set out all the changes.

I believe that they can legally delay the announcements, the question is, what will they do.

Gary

[Kingfisher4]

I know that all of you pride yourselves on the great DD you perform to better predict this impossible company. Can one of you possibly find out how many times (if ever) has TDCP/CRTG ever met a set deadline in a timely manner? If there is an ultimate way to drain every bit of excitement out of some type of positive news for these people.............. they will figure out the way to achieve this. I try to figure out why I have ever devoted any type of confidence with this company because they never, ever deliver.

[pegs1]

Gunny
I’ll take any kind of climb at this point! Praying that the merger closes tomorrow……

[Gunny]

Anyone have word on the closing? Extended? Ontime? It's been so long since the original March deadline I wonder what the "reaction" will be once the closing is actually complete. I think the original "excitement" was bled off a long time ago. The bump we would have expected may be a mild ripple and then slow climb.

[stockwatcher1970]

We truly need a divine intervention! As long as we pray for our Country and know where our help really comes from, one way or another we’ll be fine! We have to keep our eyes on Jesus and in God’s word so that we can find joy in the journey!

[pegs1]

Walrus
I guess that I shouldn’t worry. Especially since this presidential election is going to determine whether or not this country exists. It’s sad that voters have to be concerned about voter fraud in a federal election! ……

[iamthe walrus]

Pegs those questions you have asked only can be answered by 2 people so all i can say is to .... "Tune in tomorrow – same Bat-time, same Bat-channel!"

[pegs1]

Will Coretec extend closing again next week? Will SEC allow it?
Will this deal fall through with Core Optics?
Questions every investor should be asking themselves now……

[Gunny]

I thought I was done buying but couldn't resist the bargain basement prices. In a few weeks/months my wife and I will know if we chose correctly. I'm looking past the election because whoever gets the Whitehouse people will still need phones, drones and EVs.

[Testpilot]

The current outstanding share count was used to estimate a fair price for the stock. Here’s a simplified approach based on the provided information.

1. Revenue growth rate: 100% (from $8M to $16M)
2. Outstanding shares: 335 million

Let's use the Price-to-Sales (P/S) ratio method, which is suitable for early-stage companies.

Assumptions:
- Industry average P/S ratio: 5-10 (varies depending on the industry)
- Growth factor: 1.5 (due to high growth rate)

Estimated 2025 Revenue: $16M
Estimated 2025 Enterprise Value (EV): $16M x 7.5 (avg. P/S ratio) = $120M
Estimated 2025 Equity Value: $120M (assuming no debt)

Now, let's calculate the estimated fair price per share:

Estimated Fair Price = Estimated Equity Value / Outstanding Shares
= $120M / 335M
˜ $0.358 (or $0.36)

Consider this a rough estimate, as it doesn't account for various factors like:

- Industry-specific P/S ratios
- Net income and profit margins
- Debt and cash reserves
- Market conditions and sentiment
- Competitive landscape

Keep in mind that this estimate is based on simplified assumptions and should not be considered investment advice.

[pegs1]

One more thing….Harris said that she would go against price gauging. It was Biden & her spending trillions of dollars on green energy scam that caused inflation! Groceries and gas are sky high! You didn’t have these problems with Trump ……….

[pegs1]

Gunny,
You are TOTALLY RIGHT!!! Harris will bring this nation down to its knees! Harris has said that she wants to get rid of fossil fuels, fracking, & commercial insurance! That’s millions of jobs gone! Hospitals will close. Doctors and nurses will not work for peanuts. She also wants to give free healthcare to illegals. Who’s going to pay for it? Harris will also raise taxes . Medicare & Medicaid will be broke due to the illegal immigrants. Crime will continue due to the open borders! Finally world war 3 will happen due to her failed foreign policies. People please wake up and save this nation…….

[Gunny]

People were thinking Trump was a sure bet and stability was going to be restored to the markets. Once people realised Harris was going to be installed without a single Democrat vote and a repeat of 2020 was likely especially since last month the media lied in lock step Joe was sharp as ever and this week lying in lock step Harris is the second coming of Obama and a strategic genius even though I've seen people with severe brain trauma complete more coherent sentences than her. Bottom line - Until the world has confidence Harris WON'T be elected the markets will be depressed. Not because they hate Dems or like Trump but because Harris pushed the "green new deal" an economy killer, defund the police a safety killer and was a disaster as the border czar a job killer.

[Juststoppingby]

It kind of looks to me like they were expecting to close last week; otherwise, I would think they would have notified us and put out this 8K earlier last week. It would not surprise me if they closed this week; they need to get together in New York when they close.

[Quikshft]

Just an 8K making the delayed date to the 15th official. The question is whether they run the clock out in the second overtime like they did the first.

[Righteous Bro]

What do you make of the new CRTG release?