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TWA,
Yes CEO Kraft is still on board at this point. I'm curious to see why? And in the CEO's last update, management team is still on board too! There is maybe a chance of funding. But I'm not holding my breath. So I'll continue to hound the management team for an update.
TWA,
I left a message on the CEO's cell again. I asked him when will he address investors? That it's been 6months since last news. Of course he won't respond to my call. But I'll continue texting, emailing, and leaving messages to him & Coretec office......
TWA,
Maybe that has been a major mistake for the company. But though, the company couldn't afford a full time CEO. My question is what has Coretec team been doing the last 6 months? Do they only work 7days a month too? It shouldn't take 6months to obtain funding. It shouldn't take 6 months for a feasibility report. Ceo you need to address investors!.......
TWA,
Like I said before, if there's no news, no progress, no partnership, then I'm out totally with Coretec!I think that the CEO knows how unhappy investors are now. CEO knows that he had better have a legitimate business plan. Or else the company will lose everything including the investors! I'm going to keep on hounding management for news!There's no excuse for keeping investors in the dark! Even if he works 7 days a month! Feasibility study shouldn't take long at all. I guess we'll get that $20,000 answer soon!......
Walrus & TWA,
So if the feasibility study is completed,then there will be no reason for the CEO to be quiet.. Right? So if there's any announcement, will the CEO notify the investors 1st before the public? Especially if there's a partnership deal. Right? I know that this is wishful thinking. Coretec hasn't come up with the money for a new product. CEO had better have a solid business plan in the next update to investors.
TWA & Walrus,
How long does it take for a feasibility study to be done? I feel that Coretec should have done this study in the beginning. But the CEO needs to explain how he is developing Coretec's own silicone. For that's going to take a tremendous amount of money. Money that Coretec doesn't have currently. Patents take a long time. But I will wait & see until year end.
Walrus,
So you are saying that Coretec is starting over from scratch. Are they coming up with their own silicone formula? Coretec can't afford the research involved into a new IP formula. So I'm confused about this new IP. Or is it the same formula but processed in a different way? If it's the same formula, then Coretec still doesn't have patents to it. Or is this chemical company partnership willing to tweak the formula for Coretec? Obtaining patents may take months or even years.
So how long would it take for a feasibility study to be done? The longer that it takes, the poorer Coretec will become in the end. If the CEO wants to keep the few investors left, then he needs to communicate with investors. If he can't talk about the business plans for CHS, then reasure investors that Coretec is making progress. But keeping investors in the dark isn't wise at all for a company. Investors didn't know if the doors were open in Tulsa! Coretec doesn't really have a full time secretary. we have a secretary who's working & caring for disabled husband. God Bless her. So no responses to phone calls & emails. So right now I'm very frustrated with the CEO.....
Walrus,
But what about the patents? Everyone here keep saying that u can't market a product without a patent. Like I said before I want this company to be successful. I've too much money invested in it. But so far Coretec hasn't shown investors no progress.Yes I do realise that it takes time to proceed with any business plans, partnership, etc. Yes it's encouraging that 2 board members have loaned money to Coretec. My 5 siblings invested in 3Dicon & lost their money. It's been 11years since I invested in 3Dicon/Coretec. I have nothing to show for it except a monetary loss! The CEO could have addressed us. He could have said that Coretec's doors are still open. Coretec is moving forward with our business plans. But nothing except poor 10Q's. I was texting, emailing, & calling almost weekly. It was until I threatened to sell my large quantity of shares, that poor Judy contacted me. But the CEO didn't have to say anything about the business plans. I've told him numerous times that a kind word goes a long way. Even now he hasn't blogged anything to investors. I'm going to wait to see if there is any progress until year end. I'm assuming that this analysis report won't take very long.
Fla Flyer,
There must be other reasons beside payment. That's all that I'm saying. Payment could have been negotiated between them.....
Walrus,
I really do hope that you are right.....really. Yes it's nice to see a surplus this 10Q. But if there's no news or progress by year end, I'm out. CEO Kraft hasn't really explained to investors why NDSU ties were severed. He hasn't answered questions on the patents. That should have been explained many months ago. I don't see why Golden State would give Coretec any more money. Loans are due without any payments. Yes, Coretec has a board member who loaned out money to Coretec. But we don't know how much money either one are willing to loan. I see dilution ahead. I hate to say this, but another horrible REVERSE SPLIT maybe. CEO Kraft had better have a business plan in place with a partnership as promised! If not then there will be a mass exit of investors......
Walrus,
A feasibility study? Really? Why on earth would you do such a thing? Especially when the company is hanging by a thread! I've about had my fill of empty promises. What about the great chemical company partnership? Nada....not even a word. How about keeping the investors up to date? Nada....no update since February! No response to numerous emails and texts! Coretec's website is a Joke! What about the 3 funding options? Nada.....Coretec finally responded after months of constant texts, emails, & phone calls by me. It wasn't management who called me. It was poor Judy Keating. Shes working at home with her disabled husband. Why couldn't our CEO contact us? Customers who were waiting for the CHS test batches are long gone! Yet we are told not to lose FAITH! Well you better show work & progress in order to receive that faith! Coretec investors are very frustrated! We did our part by investing money into Coretec. But we have seen nothing by management. It doesn't take 6 months to obtain funding! So what work have they done in the past year? CEO will not address us! You always take care of the troops! Investors are the troops that keep the company alive. I'm sorry but I've lost faith.....
Guys,
She first said to me, that she received a message from management to contact me. I called Mr. Keating many years back after buying 3Dicon shares. He was very excited that 3Dicon received patents for c-space in record time. I should have sold my shares then. The PPS shot quickly. I had $90,000 worth of shares. But dumb me held on to my shares
Apparently, management didn't like my messages. I think that it's sad that management didn't call me. Instead had Judy to contact me. She didn't talk about Coretec or the CEO. But I did manage to tell her about investors frustration. But I know that it won't change anything. But I'll not stop until the CEO addresses investors.
Hey Guys,
My persistence has paid off. I received a phone call from Judy Keating at Coretec. She is still working there in Tulsa. She told me that she does a lot of the work from home. Her husband has severe health problems. She couldn't tell me anything about Coretec's business currently. I just told her about investors frustration of no news from the CEO. I told her that no one answers the phone or even respond to emails. That investors haven't heard anything since February. She said that she would pass on the message to the CEO. Judy is a good person. She has a full load working & taking care of a disabled loved one. I'm glad to know that she is still working there in Tulsa for Coretec. My prayers go out to her & her family. I told her that investors do want for Coretec to be a successful company.
Clonefan,
What can I say I was duped by 3 CEO's of 3Dicon & Coretec! I'LL let my brokers at Schwab handle my money from now on ! I'll have a fire sale before year end. I see the volume is up today. More than likely another investor who lost faith in Coretec. I should have gotten out a long time ago. Oh well you can only learn & move on. I just hope that a china deal with Trump will happen soon. The market can soar another 15%. That'll ease the pain of my loss. Its sad for Coretec had a couple of great products......
TWA,
I left unhappy messages at Coretec's office. But I know that no one will respond, for no one is working there! No one answers their phones. I left a message to the CEO. I said that investors are unhappy. That he needs to address the investors whether good or bad news! I said that if he wants to keep the few investors left, that he had better communicate to investors! That the 10Q is coming out soon. Investors know that it's the same song & dance of no revenue, no progress, & massive debt! And that if there's no news after the 10Q, that more investors will sell their shares including me! I said that Coretec cant afford to lose more investors. I know that no one will respond to the messages. I also told them that Coretec's website is a JOKE! I wish that someone could stop by the office. Just to see if anyone is even working there. Why lease an unused office space? My broker told me that if Coretec goes under, that investors will be the last to receive any money if there's any left!
TWA,
I tried calling the Coretec investors relations line. What a joke! They still have the voice of Judy Keating answering the phone. No one is using that office. I think If the CEO can't obtain funding, game over! .....
TWA,
This will be 1st & last penny stock for me. I feel that Coretec can't obtain any funding for processing CHS. No partner is going to make a deal with money less Coretec. It's totally disgraceful to the investors!......
Another day of no news! I continue to send emails & text messages to Coretec & the CEO! I will continue to do so until investors receive an update! Is there anyway to contact the board at Coretec? I've sent Victor text messages in the past. But I never received any response from him. I wish that the SEC would make it a rule that companies must update investors every quarter. Maybe a petition from investors would-be a start. Any thoughts?.....
Fla flyer,
Thanks yes I know to sell a little at a time. Any new investors will only have to research here on ihub. They'll see no news, no progress, no patents, & no funding. They will run for the hills! I even said this in a message to Coretec & CEO Kraft! I'm sure that he has blocked me on his cell..I feel that the worst is yet to come to investors.....
TWA,
Previous 3Dicon CEO Victor is on the board. He keeps investors in the dark too for months at a time. I wish that I never bought this stock. But I can only hold & pray. I believe that Kraft is still on board. Victor & friend loaned money to Coretec after the merger. He may do it again. I don't think that Coretec can recruit new investors at this point. I see Coretec doing another reverse split. Either way if there's no news nor process by this fall, I'm out!...
Clonefan,
I should have sold my shares in 2008! My shares were up by $90,000! I'm not smart either! I'm selling if there's no progress by December! That's if I can sell my shares. We can only wait & see if Coretec can make a comeback......
TWA & Walrus,
I called CEO Kraft today. I left him a lengthy message. I asked for him to give investors an update. I expressed investors concerns regarding Coretec's financial situation, NDSU patents, & funding. I expressed concerns about investors selling shares due to no silicon patents from NDSU. That investors haven't received an update since February 2019. I probably will not receive a response from him as usual. I told him that I wasn't seeking inside information. That I was encouraging him to update investors with regard to funding & company progress on processing CHS silicone. I also sent emails to Coretec's website too. But management never responds to the emails on the Coretec website! In my emails I asked for the CEO to update investors honestly on Coretec's situation whether good or bad. It's sad when an investor has to call asking the CEO for an update!
Fla FLYER,
I hang on because my loss will be great. So if there's a hairs chance of recovering my money, I will hang onto my shares. As far as I see it, Coretec will have to decide this summer if there's a chance to commercialize CHS silicone. Coretec is losing investors left & right. If they want to keep their remaining investors, they will have to communicate to them eventually. I wish there was an SEC rule stating that companies must communicate with the investors every quarter in addition to the quarterly report.......
TWA,
I will continue to text & email the CEO regarding an update. I may even try to call him again. Hopefully, he hasn't changed his cell phone number. It will be an absolute shame ,if this New CHS silicon isnt commercialized. The demand for electric vehicles & batteries continue to escalate. Trump signed an executive order to increase lithium mining here in the U.S. He did this to protect national security & the tech companies that depend upon lithium. If management doesn't pickup the pace, the opportunities will be gone with the wind......
Walrus & TWA,
Surely by now Coretec should know if funding is coming their way. Also, surely Coretec should know if there's a deal with the international company. I'm thinking that the CEO will give investors an update in July. For he gave an update to investors last July. CEO had better give good news to investors. I dare say that a lot of investors have lost faith with Coretec. I've sent numerous texts and emails. Yet no response as always.
TWA,
I appreciate your insight into Coretec's position with CHS. I'm holding off selling until October. If there's no progress, then I'll sell at a great loss. I've learned a hard lesson with penny stocks. I wish that I had bought cryptocurrency instead! But there's a reason for everything in our lives. I wish you well TWA.....
Walrus,
I've sent text messages & numerous emails on the Coretec website. No response as usual. I'm hoping for news in June. If Coretec fails to obtain funding & the partnership, then game over. I'll be claiming a loss on next year taxes. This summer is a do or die for Coretec!...
Walrus, I can only hope that Coretec receives funding or else game over. Victor remaining on the board is a good sign. But my concern is will Coretec receive enough money to process CHS, obtain a partnership, & survive until revenue from contracts. For here it is again, Coretec seeking funding to process CHS. So I'm assuming that they will extend & add to existing loans. What'll happen to investors & share price. Others here are saying dilution & sub penny PPS. Our PPS was at .45-.47cent range after the merger. Now it's around .04cent range. I can see it going sub penny. I would like to know what work was accomplished by the Coretec team last year? A question to ask our CEO. I believe in Coretec's products. But at this point I'm questioning if Coretec can commercialize CHS.
Walrus, can Coretec obtain a loan with over 3 million in debt? 10Q revealed the same old story of no revenue, no progress, and massive debt! I dare say that investors have lost faith with Coretec. CEO needs to address concerns of investors. Also, how is Coretec going to obtain a partnership with massive debt? Then there's the issue of patents. Can Coretec legally commercialize CHS without patents? Coretec can't afford to purchase the patents from NDSU. It's been 3 months since the last update. I've been sending emails constantly to Coretec website asking for updates. Of course no response! CEO needs to address concerns of investors. At this point, Coretec can't afford to lose many investors. Especially with such a distressing 10Q. CEO should have communicated with investors in regard with 10Q. It's sad for I believed in the products of Coretec.
Walrus, Its great to hear from you! So are you saying that Coretec can commercialize CHS without patents? I understand that Coretec wants to scale CHS in a different way. The CEO needs to explain these things to investors. I'm also concerned about Coretec's financial situation. Lord help us if another reverse split or dilution comes our way. I'm surprised that no one left the Coretec team. I hope that Coretec can find funding. Good to hear from you Walrus!
TWA,
There has to be some kind of agreement with NDSU on the CHS. For why would the CEO pursue funding? I'm thinking that NDSU agreed to Coretec to pursue commercializing CHS. But NDSU will hold the patents for now. Until Coretec can buy the patents. But that is if Coretec can obtain funding. Hopefully we will have news next month...
TWA,
I sent another email to the Coretec website. I asked about the patents for CHS. No response as usual. CEO knows that investors aren't happy with him. CEO needs to explain more about the NDSU situation & CHS patents. Without the patents, the odds of bringing CHS to market is very low...imo
TWA,
Sorry to see you go. I'm going to only give Coretec a few months more. If no progress, then I'm out too. The last memo from the CEO wasn't encouraging for investors. Now a delay in the 10k. I'm still hoping that Coretec can market CHS. But time will tell in the end win or lose.....
TWA,
I would like to know the 3 funding options. I dare say that Victor will not be offering any additional funds to Coretec. I dont understand why the CEO severed NDSU ties. Stating that areas of value wasn't realized tells me nothing. Couldn't he negotiate with NDSU? If there's no progress this year with Coretec, then I'm out. I dare say that many investors lost faith with Coretec. CEO needs to communicate more to the investors. It'll be interesting to see what plan Coretec takes for money....They have more hurdles to jump....
TWA,
I completely understand your frustration. CEO should have elaborated more on why NDSU didn't fit in Coretec's business plan. Now we can only wait for the next update. That's if Coretec obtains funds & a partnership with the international company. I would like to know what the management team has been working diligently on since September! I would like to know how Coretec is planning to obtain the patents from NDSU. So many questions to ask if Coretec ever gives another investors meeting.....
TWA, I sent a text to the CEO. I asked him to update investors on the patent for CHS. I dont expect a response. For he has never responded to my any of my texts. Maybe Coretec can get this ball rolling. Who knows how they are getting funding? I dare say Victor will not give any more money to Coretec. So I guess the next investors update will inform us on the patent & funding issues. Also if this international company is on board with the silicone. So we can only wait for the next update.....
TWA, CEO's post said that their focus is on Si6H12. So apparently no new formula for CHS. I agree that Coretec has a limited time frame to market CHS. Wish I knew what was in the contract with NDSU.....
TWA, Who is going to loan money to Coretec without a patent for their products? Coretec must have funding for a partnership to occur. The CEO should have elaborated more on the issue with NDSU. Ceo needs to explain more about areas of no value. In addition to how can Coretec market CHS without a patent? Also if the team has been working diligently, tell me in what area along with proof. I wonder if this international company is the well known chemical company,CEO spoke about in a previous post to investors. Like I said before many questions & little information......
Coretec News by CEO Kraft on website. CEO said that the team has been working diligently on Coretec's major programs to create a successful company. That Coretec has challenges as like any early stage company. Coretec has changed the source of the CHS. Ties with NDSU have been severed because many areas of value weren't realized. There are detailed and confidential discussions with a international supplier and potential distributor partner for CHS. Team is focused on building Coretec CHS IP. Coretec team is working on funding with 2-3 options. No one has left the Coretec team. Management team hasn't lost faith. They Hope that investors haven't lost faith and are still with Coretec.
Well we know at least the doors are still open. So has Coretec come up with its own formula version of CHS? No mention of a patent. Plus what funding options? It's good that no one resigned from the management team. I'm left with more questions and no mention of the next update...
TWA,
What do you suggest investors are to Do? We have no way to communicate with the management team. Unless there's someone who can go to the Tulsa office. Even then I'm not sure that someone would be there. Going to the SEC isn't the answer. For Coretec hasn't broken any laws. I'm disappointed that there wasn't a year end message from the CEO. But he has said in a previous post to be patient on the marketing of CHS. But right now all that investors can do is to patiently wait for any news. I thought that 3Dicon was going to collapse from lack of money & unfinished product. But Victor came through with his own money. Then he arranged a merger & loaned more money to Coretec. So hopefully CEO has negotiated a new deal with NDSU. Maybe he has obtained money & a partner. Or maybe I'm just a dreamer! But either way, I'm here to the very end......