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Soon we should hear more details about all this clientele list that may help the stock price a bit and also CRTG is headed toward doubling the revenue in just 4 months starting in 2025 !!! REVENUE NICE TO HAVE REVENUE NOW WITH THESE GREAT PARTNERSHIPS !!
The company’s distinguished clientele includes Sony, Ford, Hyundai, Samsung, and other major blue-chip companies.
From the news release
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.. ?? What is this ?? PO might be Purchase Order Process but not sure . What is PrePV ?
Also https://www.mobileye.com/ Initiated R&D for Mobileye certification, with completion expected by the end of next year.
excellent news ....Completed the delivery of a mass production line for Hyundai's flagship vehicle camera to a Tier 2 automotive camera supplier in Korea.
Walrus,
I didn’t ask juststoppingby about whether or not the document was signed. I suspect he paid the $5 fee and was able to open up
"We are experiencing high demand for our equipment, particularly in the automotive sector, and have plans in place to scale production to meet this growing demand," said Dr. Kim, Chief Executive Officer of The Coretec Group. "The compact camera module market is seeing significant expansion, and our well-established product line positions us to increase revenue while also developing new products that will attract additional customers. Our presence in the U.S. opens doors to North American manufacturers and thriving capital markets, which we believe will elevate our corporate profile on a global scale."
Check your emails! Closing announced! Finally finished!
Share exchange is NOW CLOSED !!!!!!
ANN ARBOR, Mich. , Aug. 22, 2024 (GLOBE NEWSWIRE) -- The Coretec Group (OTCQB: CRTG), a company focused on the development of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for electric vehicles (EVs), cleantech, and emerging tech applications, today announced the successful completion of its share exchange agreement with Core Optics, LLC . This transaction, finalized on August 21, 2024 , results in Core Optics becoming a wholly-owned subsidiary of The Coretec Group .
Its all set up ( certificate of designation. ) so the company makes all decisions if they choose ..nothings set in stone
The new board has to decide to do a R/S and we havnt seen any filings yet that we are closed but that may come out today . In the event of a R/S they have to file and give us 10 or 12 days notice of that decision with a ratio. No filings that i can see of a R/S with a ratio. The certificate of designation. is not decision of the new board to R/S also they would have to determine the ratio with that decision when they alert shareholers of a R/S . They dont even know where the stock price will trade at therefore no decision would be made until they see the stock price of the new company over time . At the discretion of the company they will decide if they want to take Corporate actions their choice after close after evaluation of the stock price to see in time after the company is given time to operate to see what the market responds is to this new company . They would never make that decision before the close before the stock even trades over the next few months as revenue and partnerships expand which may have a big impact on the stock price would would totally effect R/S decisions
Where did he see the certificate of designation signed copy ? I havnt seen it online anywhere that i could find
Is this paperwork the certificate of designation. filed Wednesday with the Oklahoma Secretary of State
Did you order the certificate of designation.from the Oklahoma Secretary of State web site or is this a copy of the unsigned document they put out at the time of the agreement
So in essence, they want to be a public company without having to worry about how the public might vote on an issue. Kind of an anti-public public company.
I didn’t notice that. Great catch!
They also have the mechanics of conversion, which are close to the same as those in the share exchange agreement. And that would apply when you have no mandatory conversion event.
Thank you for sharing this. I agree with your analysis. I look forward to reading about positive news in the near future.
There are many ways to read this document. It does not necessarily have to be where we need to reverse split, but I don't think it is counting on other things we don't know about yet. (There are things that they know, and we don't know). I don't necessarily believe all the 10 million Series C shares are designated to somebody. It still looks to me like it is about voting power!
Definitely need to see the entire document, but the wording below seems to indicate that there are provisions for both mandatory and discretionary conversions.
"to the following discretionary and mandatory conversion and redemption provisions:"
a. Discretionary Conversion. At any time after its issuance the holder of such Series C Preferred, at ils option, may convert all or part of its Series C Preferred into Two Hundred Thiny (230) shares of Common Stock per share of Series C Preferred (a " Discretionary Conversion
I think there would be a part b addressing a mandatory conversion.
Where are you seeing the conversion information?
It looks like they changed the conversion of each Series C Preferred from 150 common stocks to 230 common stocks.
It sure looks like they are planning a reverse split. Matt Kapper also signed the certificate of designation.
And we still don't know who is getting those shares and how many.
The last post doubled
Not sure my posts are doubling ??
Which of coarse doest mean the mandatory conversation event will be triggered due to an out of t gates R/S. I think we've all discussed this a few times but I don't see a R/S after close as they will give it time to see where the stock price goes to over time. If some are of he opinion we will see an R/S then we all know we will find out for sure any day now. I think they operate within the At Will Convertion part of the agreement we're they convert series' C shares At Will converting part of the shares when needed or all if they choose. We will find out very soon.
Which of coarse doest mean the mandatory conversation event will be triggered due to an out of t gates R/S. I think we've all discussed this a few times but I don't see a R/S after close as they will give it time to see where the stock price goes to over time. If some are of he opinion we will see an R/S then we all know we will find out for sure any day now. I think they operate within the At Will Convertion part of the agreement we're they convert series' C shares At Will converting part of the shares when needed or all if they choose. We will find out very soon.
From the exchange agreement:
According to the agreement it's filed on or before closing. They are probably closing today
According to the agreement it's filed on or before closing. They are probably closing today
Awesome find Walrus! Thanks again for the DD!
Certificate of designation just posted at the Oklahoma Secretary of state website. Google just that and add business search .put The Coretec Group in box then click on the 2nd Coretec Group choice then scroll down to order documents and put your name and email in and go to listing of all documents and it's at the top. It's 1 dollar a page and can be sent to your email in as little as 2 hrs or 1 business day if you wish to get . I didn't order it but have been looking every day for it . Just posted within the hour you have to order it to see it
Dreamer
At this point I just want my investment money back & hopefully a little profit. I didn’t expect to get rich from this investment……
I would anticipate some further upward movement after the official closing, but I do not believe it will be anything like some here seemed to be expecting. Personally hoping for a little 300-400% pop in the days after the merger closes, and then hopefully they can follow the closing with some good news to drive another pop from there...we'll see. Hopefully my expectations are pessimistic and we all get a nice surprise. I just don't see where all the new investors are going to come from, and this still won't be on the radar for any institutional investors even after the close.
We should see SEC filings and a PR after hours today.
Here's the latest on CRTG Company Officers & Contacts and Board of Directors
https://www.otcmarkets.com/stock/CRTG/profile
Fooled again..... I was actually excited about how today would roll out. They always figure out ways to poop on the party.
As pointed out on OTC Markets web site , Dr. Seonkee Kim is now listed as the new CEO of The Coretec group ) . In the closing conditions we can see that the new CEO is not appointed until after the closing . So it appears that the CLOSING has taken place and they just need to make the public filings ..Will be looking for that tommorrow .
COMPANY OFFICERS & CONTACTS. ( On the OTC Market site )
Dr. Seonkee Kim CEO
ARTICLE 9
CONDITIONS TO CLOSING
(p) Chief Executive Officer. Following the Closing, the Parent will employ a chief executive officer who will be chosen by the Board..
The new board names were not on the OTC site , not sure why , but the board of the Parent after Close chooses the CEO . And that board should be the new board .
(o) Board of Directors. Following the Closing, the Board of Directors of the Parent shall be increased to at least five members and the five (5) board members (the “Board”) will consist of one (1) current member of the Parent’s Board and four (4) member that shall be appointed by Member. The initial board members shall serve for a period of at least one year and cannot be removed during that year, unless removed by unanimous vote of the Board.
thats where i saw him as well but i was just wondering if this was him on this linkden page
I saw that Alex Hong is a consultant for CRTG on the OTCmarkets.com:
COMPANY OFFICERS & CONTACTS
Dr. Seonkee Kim
CEO
Roberto H. Kim
CFO
Matthew Leo Hoffman
Consultant
Alexander Hong
Consultant
https://www.linkedin.com/in/alexanderlhong. Hes listed now as a consultant to Coretec on the OTC Markets site ..This may be him but just guessing
Alexander Hong
Consultant at Boston Consulting Group (BCG)
Atlanta, Georgia, United States
its probably Armistice ( it was a behind the door trade like other bigger trades ) because i bet they never sold all their prefunded warrants since they can sell the rest at any time , even though the other 82 million warrants got repurchased they probably have held some of the pre funded because the last time they were selling the stock was trading at a penny so they probably have waited to sell the rest . Since it was a back door trade it was probably them and not someone who bought at .005 range selling...ther is still a million at .0025 and i will asumne it is Armistice ...just a guess
A million shares went through at the bid 0.0255 and now a million on the ask at 0.025 . If the new shares became available today even if we dont see a filings today of their being listed , yet shorters can borrow and short new stock ? restricted though ... Or it could just be left over shares Armistice had of the pre funded warrants they had been selling or some one selling who bought at below a penny .005 .006 range where CRTG traded a lot of shares and are afraid of a reverse split . I expect to see a lot of selling as CRTG has had a lot of shares in the hands of traders for a long time and some who recently bought below a penny . But watch for shorters though ....on the OTC Market site the list of shorts shows they have not been active much at all over the years Can shorters now borrow restricted stock and sell lower ?? That would be my first question ? Any thoughts
Might get an official filing after the bell or overnight so they can announce to their Korean counterparts the audit is complete. Just guessing. Could be interesting after hours.
Looks like some people are getting off the fence. Congratulations to the new CEO of The Coretec Group! May all your successes be bigger than your problems.
So far, the outstanding shares count hasn't changed, 336,738,361.
https://www.otcmarkets.com/stock/CRTG/security
The new CEO Dr. Seonkee Kim.
https://www.otcmarkets.com/stock/CRTG/profile
Wondering if there was a leak on the merger finalized
Go Baby Go! Looking Good on the share price!
Looking forward to a shareholder call...
Gunny,
I think we will see CRTG on the OTCQB for a while until meeting initial listing requirements on a senior exchange. I think a lot of investors are realizing that the share exchange has closed and are expecting the official notification any day now.
"ANN ARBOR, Mich., March 06, 2024 (GLOBE NEWSWIRE) -- The Coretec Group, Inc. (OTCQB: CRTG) (the “Company”), developer of silicon anode active materials for lithium-ion batteries, and cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, and Core Optics, LLC (“Core Optics”) announced today that they have entered into a definitive share exchange agreement pursuant to which, on the closing date, the Company is expected to acquire 100% of the membership interests of Core Optics, LLC and its subsidiaries which hold all its tangible assets and intellectual property across all its technologies and industry verticals. Subsequent to the closing of the transaction, the combined company will continue to operate under the name The Coretec Group, Inc. and trade under the ticker symbol CRTG, before pursuing uplisting to a senior exchange when it believes the combined company can satisfy initial listing requirements. The Closing of the transaction is subject to customary closing conditions."
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