Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Im not finding the new symbol . Where did you see it.
If someone wants to continue to purchasing stock in CRTG ,a start up R&D company with no revenue , and a share price below a penny knowing that at the close of the merger with Core Optics , a company who has millions of dollars in revenue , how ever long it takes , 2 more weeks or 2 more months , could be be a good thing since the combined company is probably going to have a stock price higher than .0075 as it is today . If the combined company has 8 to 10 milion its first quarter it should trade higher than .0075. Hopfully the new company has higher revenue than than but its going to be nice to have stock in a revenue generating company with the major companies that Dr Kim mentioned in the shareholder call . Looking for another shareholder call after close along with a lot of news releases and info coming out of the company after close and a new website .
Did Coretec set a June 1st target date for the merger to be completed ? Where did we get that date . It would be nice to close by then for sure
When ismedia had this line of products the news releases i found that outlined what the company was doing didnt mention Ford and i didnt see anything on Kia or hyundai. Since Core Optics has shifted to the auto industry which now accounts for 78% of their revenue we could see revenue that looks very good with perhaps a lot of product purchase orders as thy just stated they had a lot of back orders. As for those who think positve talk about The Coretec Group / Core Optics merger is " pumping " perhaps hasnt watched the shareholder presentation which lists all of Core Optics partners like Apple , Ford , Kia , Hyundai , SK Hynix , Samsung , Sony , Texas Inst. , Meta , Lucid , ZOOX , Analod Devices , LG Innotek . These are all big comanies with very established product lines who arnt going anywhere that Core Optics supplies product to . WHO NEEDs TO PUMP... As the price goes lower i see it as a time to buy a stock at sub penny with great potential that has low demand on the buy side because no one is paying attention to this stock except you and me. And accually there isnt really any selling dollar wise because no one is really selling much but whoever is selling van choose if they like to sell at the bid if they choose or sell cheap at the ask so what no worries . I see this as a buy when you look at Core Optics revenue that comes from as mass of blue chip companies . THE statement from the CRTG May 2 has nothing to do with pumping a penny stock ..JUST PURE FACTS . I SEE THIS CRTG AS A BUY... The CRTG ask yesterday was .0074 if it goes lower no worries . I believe the merger will be finalized and close so i see CRTG as a buy .
From the May 2nd news release , " 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. "
For what its worth 22 x ventures LLC which was recently listed Pending Active now Active again . Info from Virginia Secretary of State business search .
Say goodbye soon to the old zero revenue 10 Qs . . Maybe just one more 10 Q from Coretec without revenue as there are just 6 weeks left in this quarter. Hope to see the close of the merger by July and start fresh as a company with july 1st . The next 6 weeks i assume they will need to raise some cash to cover the cost of doing business .
So how do they cover the burn rate before the close of the merger ??. I. sure they have that figured out . We are 6 weeks past March 31 when Coretec had just 115,000 cash .
From the new 10 Q low on cash very low .....We had cash of $115,073 at March 31, 2024.
We had negative working capital of $475,618 at March 31, 2024.
During the three months ended March 31, 2024, we used $361,720 of cash for operating activities, a net decrease of $20,664 or 5% compared to the three months ended March 31, 2023.
The net decrease in the use of cash for operating activities was a result of an increase in the net loss of $16,836, a decrease in the amortization and depreciation of $8,955, a decrease in prepaid expenses of $13,145, and an increase in accounts payable and accrued liabilities of $59,600.
During the three months ended March 31, 2024, we used $47,195 of cash for financing activities compared to $30,498 for the three months ended March 31, 2023. The net increase of $16,697 results from an increase in payments on notes payable.
New 10 Q those are probably sold by now unless Armistice is holding onto some shares
Note 10 – Subsequent Events
On April 19, 2024 an investor provided notice of cashless exercise for 13,779,000 of pre-funded warrants with a price per share of $0.0001. The warrant exercise results in an issuance of 13,680,579 common shares.
On March 7, 2024 a contractor provided notice of cashless exercise for 3,000,000 stock option grants with a price per share of $0.0235. The option exercise results in an issuance of 1,500,000 common shares.
10 Q out https://investors.thecoretecgroup.com/node/8446/html 115,000 is cash left
10Q should be out any day now maybe even today will be looking at recent developments, subsequent events , anything interesting like how much cash is left . It came out May 15th last year.
From the shareholder call ... The new company will be worth far more than 0.0075 cents ...just where will it shake out ?? 90 patents . we always get excited to see 1 new patent filed with CRTG now add 90 more patents instantly to CRTG and revenue
• Since 2002, Coreoptics and its predecessor have produced more than 8600 machines and
successfully carried out numerous projects with various global partners as a Camera Test
Solution Provider.
• Coreoptics has strategically pivoted to the high-growth automotive business and is now focusing its
resources on this sector. Currently engaged in numerous collaborations with major manufacturers.
• Coreoptics embarked on the rapidly growing business of battery testing equipment.
• Coreoptics’s core technology produces inspection equipment with accuracy and precision,
including Grabber Kits, Test Algorithms, LiDAR Cameras, VR/AR Cameras, and Automotive
Cameras with 90 patents.
So this was in billions not millions ?? that sounds better .
. This could be part of the reason they now have a back log of orders at the Core Optics manufacturing sites . We could see near term partnerships for the testing of our silicon anodes .I believe the silicon anode part of the new company is very important , it got us to the merger with Core Optics , but as a shareholder we need to be holding shares in a company with revenue as they were close to running out of money . The Core Optics revenue generating company merger is huge .
From the last shareholder call https://investors.thecoretecgroup.com/static-files/8e1fc454-94bf-4c4e-b3ec-e4f03b72cb8d
The global automotive camera market is projected to grow from USD 8.81 billion in 2023 to USD 18.18 billion by 2030
Growing at a CAGR of 10.9%(2021~2030)
EU Mandates ADAS Installation in All New Cars by 2024
As of July 6, the European Union (EU) has enforced new general safety regulations for automobiles, making it mandatory for all new car
models to be equipped with Advanced Driver Assistance Systems (ADAS). This regulation will first apply to newly introduced car models
starting from July 6 and will extend to all new cars by July 2024.
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 !!
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
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.
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 .
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
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
Aristice Capital looks to be the primary seller now .. According to the OTC Market site as of March 31 2024 they had 96 million warrants exercisable when CRTG OS count was 301 million . The count as of April 26th 2024 at the OTC Market site was now 315 million. That has to be Armistice receiving more shares . So 96 million minus the approx 14 million is 82 million which is the nuber of shares Armistice gets to exercise at .08 cents . According to OTCs site this is the last of the shares they have until the 82 million to be exercised at .08 cents . Since CRTG hit 51 cents 2 years ago does that count for the .08 cents mark that allows Armistice to receive those 82 million shares ?? or does it have to occur after the pre funded warrants are gone which will happen very soon as we moe to close the merger very soon as weel .
From the 10K 2023 March 17 Molliitium which is the Diversifed Alpha Fund has the exact number of shares they hold today
Other 5% Stockholders:
Diversified Alpha Fund
23,378,943 8.70 %
The Coretec Group (CRTG) Certification March 31, 2024 ( From the OTC Market website . ) So imolliitium couldnt be selling stock )
8. Officers, Directors and 5% Control Persons
Diversified Alpha Fund
Mollitium Investment Management 3rd Floor Citrus Grove, Goring Ave PO Box 10364
Grand Cayman
Diversified Alpha Fund
Diversified Alpha Fund Grand Cayman, Cayman Islands Beneficial common ownership 23,378,943 7.76% ( Same nunber of share as the 10 K from march 17 2023
Ss of March 31 st Filing on OTC Market site plus remember new OS at 315,049,151 on April 26 2024
https://www.otcmarkets.com/otcapi/company/financial-report/396185/content
The Coretec Group (CRTG) Certification March 31, 2024
8. Officers, Directors and 5% Control Persons
Name Position Address Common
Beneficial
Adjustment
Beneficial
Common
Ownerhip
Current
o/s
Preferred
Shares to
Common
Convertible
Debt
Options
(exercisable)
Warrants
(exercisable)
Victor Keen Co-Chairman Philadelphia, PA 96,048,679 3,561,299 99,609,978 33.05% 88,333 - 11,000,000 -
Simon Calton Co-Chairman Royal Wootoon Basset, SN4 8EF, UK 5,771,131 9,936,703 15,707,834 5.21% - - 11,000,000 -
Ronald Dombrowski Director Pfugerville, TX 3,644,920 - 3,644,920 1.21% - - 4,000,000 -
Matthew Kappers CEO, Director Cincinnati, OH 1,205,117 - 1,205,117 0.40% - 21,000,000 -
Matthew Hoffman CFO Saline, MI 705,882 - 705,882 0.23% - - 14,000,000 -
Other 5% Stockholders:
Carlton James Ltd Other Champlin, MN 24,259,528 (13,498,002) 10,761,526 3.57% - - - -
Diversified Alpha Fund Other Grand Cayman, Cayman Islands 23,378,943 - 23,378,943 7.76% - 45,155,536 - 2,814,000
* Armistice Capital Master Fund Ltd. Other New York, NY 13,432,528 - 13,432,528 4.46% - - - 96,279,000[This was under the tab exercisable /b] equals number of warrants ( total )
Armistice had 52.5 million pre funded warrants ...82 million other warrants at 8 cents and another 6 million according to the filings . So were are they exactly today ??
May 9th 2023 Armistice received 12,500,000 million shares ...March 21 st 2024 Armistice received 14,861,316 shares ( in 10K ) they dont ever say Armistice but it has to be them each time...and if the difference between the 10K OS count on March 21 st which was 301,368,572 and the OTC Market number April 26 2024 which is 315,049,151 (assuming thats Armistice receiveing more pre funded shares ) the difference is an added 13,680,579 shares all of these numbers add up to 41,041,895. The pre funded warrants started out at like 52.5 million shares so Armistice would have about 10 million left after this 13.6 million are sold which seem to be going fast . 14 million shares have been traded in the last 6 trading days . All speculation but at these prices their shares are going fast . Looking for more huge dumps close to close of the market everyday to get bought up at these cheap prices before basically Core Optics takes over the company and we will be a revenue generating company with lots of new partners and 90 plus more patents all creating value.
No shares have been added to the outstanding share count . Its still 301 million as stated in the last 10K .
( 10 K > As of March 21, 2024, the issuer had 301,368,572 outstanding shares of Common Stock. ) There have been no SEC filings to change that . Armistice is the one dumping as they own the pre funded warrants .
They last received shares Feb 12th 2024 , 14 million plus , according to the 10K . We traded about 14 million shares in 6 trading days . Simon Carltons group cannot sell shares without filing a notification by SEC rule . There have been no SEC filings . Armistice had 23 million shares upfront they sold a while back then the 52 million pre funded warrants which they have been selling . They are a 7 billion dollar hedge fund they are not going to hold these pre funded shares in a R&D penny stock .We just need big demand for CRTG and there is none at this point . It will take a revenue generating company , which the new company will be , to create more demand as we all know R&D companies trade just exactly as CRTG is trading . Dont try to read to much into the selling its very simple low demand for the stock and Armistice is selling millions of shares . They get 82 million shares , warrants , at .08 cents with some restrictions its all listed in the filings on the 6 million dollar private placement , thats where they hope to make money , or a profit in this investment. Also the company that closed that deals execs got total about 3.5 million shares you can look it up . You have to remember Dennis Anderson out of NDSU who started Coretec got 10 million shares and was at one time on the board but resigned years ago . But i beleive Armistice is the one dumping shares but must be getting closer to selling all those pre funded warrants as they go very fast at these price levels . Look for SEC filings after March 21st 10K release for added shares to the outstanding share count if there are non thats means CRTG still sits at 301 million OS count pre merger completion .
SK Hynix 2023 article about the company developing an AI powered image sensor . Of course Core optics is a partner with SK Hynix and spoke to that in the call with Dr Kim who said they had developed a michine to test SK Hynix sensor modules .
https://www.thelec.net/news/articleView.html?idxno=4281
Who are the Top Companies in the Global Time-of-Flight (TOF) Sensor Market? https://www.globenewswire.com/en/news-release/2023/08/11/2723614/0/en/Time-of-Flight-TOF-Sensor-Market-Revenues-to-Reach-USD-8-36-billion-by-2028-Market-Size-Share-Forecasts-Trends-Analysis-Report-by-Mordor-Intelligence.html
The market is highly fragmented and competitive. The brand identity associated with established companies, like Sony Corporation and STMicroelectronics NV, has a major influence in this market. Strong brands are synonymous with good performance, giving an upper hand to the long-standing. Furthermore, these major players are investing significantly in market expansion.
The significant players in the global TOF sensor market are,
Texas Instruments Incorporated
STMicroelectronics NV
Infineon Technologies AG
Panasonic Corporation
Sony Corporation
Teledyne Technologies International Corp.
Keyence Corporation
Sharp Corporation
Omron Corporation
Invensense Inc. (TDK Corporation)
Sony and Texas Instruments both partners with Core Optics revenue i believe will be excellent and product purchase orders and revenue info is highly anticipated after close of the merger. I would think they will redo the web site to merge the 2 into a new one Very Excited about the future for the new company ..So much going on with Core Optics now as they have done very well at expanding their business its looks form the shareholder call .
New podcast with Ramez now out ...Merger will close soon looking forward to a new company with revenue
https://evtolinsights.com/category/podcasts/
A few due diligence items left means the financial audit is done , I see where your getting that from in the filing but the audit is not part of the due diligence list. they are way ahead of that part next audit is after close been there done it . This won’t be long ,
A few due diligence items left means the financial audit is done , I see where your getting that from in the filing but the audit is not part of the due diligence list. they are way ahead of that part next audit is after close been there done it . This won’t be long ,
Minh Le post 3 days ago about looking forward to SEC approval of the merger shows we are close to the completion of the Merger. Obviously he 's getting excited about the close as it gets close. 22 x Venture is listed as Pending Inactive for now according to this link to Virginia Secretary of State web site business entity search just put in 22 x Venture . 22 x Venture has 2 companies listed on the web site under porfolios . IsMedis and Gramercy District .Thats it . The Derma Sound RX is IsMedia if you click on it it takes you to their web site . This company was started march 6 , 2022 last entry April 7 2022 .The company it looks to have been started to work with Core Optics out gates and what is now very soon to be The Coretec Group . So the acquisitions he is looking forward to are i think Coretec related as you dont start a giga factory without funding and possible acquisitions and possibly some good dilution of the stock and a possible reverse split someday .
https://22xventures.com/
The merger date agreement was March 1st ..they released the 8K March 6 . Sll they have left is a few due diligence items very clearly state by Matt to get to close . .We are getting close to close on this deal im certainly not expecting july for this to close if fact they just started the process
Remember this is a sure thing to see where they are at on March 14 2024 not March 1st or March 6th when on that day Matt said " At this point, we have a few open due diligence items, and once those are completed, we'll move
towards closing. "
Thats not much but i will agree to disagree ive read everything out there 5 times plus so we will; see if we get to close before July i think we will !!!
ARTICLE 9
CONDITIONS TO CLOSING
Section L says the financials part is before Section M it HAS to be COMPLETE to go to SEC M due Diligence Sec L is DONE .
Here is sec L > (l) Financial Statements. The receipt of financial statements including the delivery of two (2) years of audited financial statements (or
shorter period, if applicable), of the Company in a form substantially ready to be audited by a duly registered PCAOB audit firm and acceptable to Parent
and any additional interim financial statements as required by the rules and regulations of the Securities and Exchange Commission to complete the
disclosure required in connection with the acquisition, in order to maintain the post-Closing combined Company’s SEC reporting obligations.
SEC M cannot take place before the financials are delivered which obviously they are or they wouldnt go to sec M > (m) Due Diligence. The completion of due diligence satisfactory to Parent, including, but not limited to, the examination of all books and
records of the Company and the Operating Subsidiary, any vendor agreements, any marketing agreements, any financial projections, business or marketing
plans, any letters of intent, memoranda of understanding, or potential agreement with marketing or other partners, any licensing agreements, grant
applications, grant notifications, any intellectual property, current and proposed inventions, all work papers, any trade secrets, or any other material as
reasonably necessary to conclude the transactions contemplated by this Agreement.
Matt Kappers in the call said .
.At this point, we have a few open due diligence items, and once those are completed, we'll move
towards closing. In addition to due diligence, we are working on transition items so the
integration between the two companies will be seamless. When the transaction is closed, we will
make the necessary SEC filings as well as public announcements.
Dr Kim did say they needed better anodes so looks like ours is better than theirs and will be introduced to that company by the new guys on the block
They did a lot of work before we knew of the merger news according to Matt
They did a lot of work before we knew of the merger news according to Matt
According to Matt K they had just a few due diligence items section M left which I listed we don’t know which of those due diligence items remain but I did list them from the SEC filing close to closing for sure they are done with section L financial audits