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.
So Core Optics has a whole line of 3D ToF testing machines in use on the market but they also talk about the next Gen 3d ToF smartphone application that have been mass produced and said thry are working with their partners to get their new line of 3D ToF testing machines out to capture a share of that market as far as can see it from their web site showing launch of first ToF Smartphone Camera and headlines that Core Optics is fast tracking ToF product development with Key Partners ..But note they alraedy have a bunch of 3D ToF testing machines but are as they say , "to swiftly integrste the latest ToF advancements into our Product line up and state they will remain at the forefront of 3D imaging technology ..(As far as Coretecs C-Space 3D volumetric tech i want to know how this will be used by Core Optics ??)
https://www.coreoptics.us/3d-tof-testing
03. Launch of First ToF 3D Smartphone Camera
World’s First Mass Production of ToF 3D Camera Module for Smartphone Applications
The inaugural large-scale production of a Time-of-Flight (ToF) 3D camera module tailored for use in smartphones marks a pioneering advancement in the industry. This achievement signifies the first instance worldwide where such technology, designed to precisely measure distances and enable depth-sensing capabilities in smartphone cameras, has been produced in mass quantities. This development opens new avenues for enhanced photography, augmented reality applications, and more sophisticated functionalities within smartphone ecosystems.
04. Fast-Tracked ToF Product Development with Key Partners
Accelerated Product Roadmap in Partnerships with Major ToF Sensor Vendors
Our strategic collaborations with leading Time-of-Flight (ToF) sensor manufacturers have enabled us to expedite our product development timeline. By leveraging these partnerships, we gain access to cutting-edge sensor technology and industry insights, allowing us to swiftly integrate the latest ToF advancements into our product lineup. This accelerated roadmap ensures our offerings remain at the forefront of 3D imaging technology, providing our customers with innovative solutions that harness the full potential of ToF sensors for a wide range of applications.
Good point , for those who know about Core Optics should be buying up a position now at 0.02 cents for one .. I did count all the poducts i could find on Core Optics web site and counted 21 products when i scrolled down from the home page to products . https://www.coreoptics.us/. For example under ToF 3D testing machine i clicked on it and there were a total 5 different machine types that test this type of technology ..So they must be producing some excellent revenue . I may have missed some they probably have more . They did point out they have the worlds first in one catagory of smartphone testing
World’s First Mass Production of ToF 3D Camera Module for Smartphone Applications
The inaugural large-scale production of a Time-of-Flight (ToF) 3D camera module tailored for use in smartphones marks a pioneering advancement in the industry. This achievement signifies the first instance worldwide where such technology, designed to precisely measure distances and enable depth-sensing capabilities in smartphone cameras, has been produced in mass quantities. This development opens new avenues for enhanced photography, augmented reality applications, and more sophisticated functionalities within smartphone ecosystems.
Another company listed on Core Optics web site NAMUGA Multimedia https://www.coreoptics.us/3d-tof-testing under complete ToF solution located in Korea
https://www.namuga.co.kr/eng/#MOBILE%20CAMERA%20MODULE
Also MCNEX https://www.mcnex.com/
They also list qTech and a company called film didnt find sites for them
They say they have the worlds first ToF camera module test and calibration eqitment line up and factory automation for higj capavity mass production environment . This is just one of Core Optics products
https://www.coreoptics.us/3d-tof-testing
Partron is a company listed on Core Optics web site https://www.coreoptics.us/3d-tof-testing i looked them up and there headquarters is at Samsung but in a seperat building . You can look at the bottom of the page i linked and see their headquarters address and a google map . http://eng.partron.co.kr/.
On the Core Optics web site they are listed on this page under complete ToF solution and it points to module Integrator and lists Partron , Namuga multi media lab , MCNEX , FILM , and qtech ill have to look those up . So im guessing Core Optics does business with these companies ??
Just a thought , Core Optics does state on their web site having collaborations / partnership with Samsung i posted a link to Samsung electro mechanics site where there was a photo of their testing evsluation / assembly production lines which is what Core Optics does but Samsung also is involved with semi conductors which is what The Coretec Group has silicon products for . So this is one area of possible cross over for the 2 companies as they merge .
https://semiconductor.samsung.com/us/dram/module/
https://samsungsem.com/global/product/module/camera-module.do Scroll down to see a production line photo on where they test , inspect and assemble Compact camera modules ..Hopfully we find out if Core Optics has products sales to Samsung or just who they do have product sales with
From the 14C March 17 2017 after the share exchange agreement closed on Oct 6 2017 and before the reverse split June 29 2017 CRTG had 12 billion plusoutstanding shares and was at .0007 Cents
14 C ... (2) Percentage ownership is determined based on shares owned together with securities exercisable or convertible into shares of common stock within 60 days of the date of this report, for each stockholder. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Furthermore, the percentages set forth in this column are based on 13,941,616,119 shares of TDCP common stock projected to be issued and outstanding after the capital adjustment contemplated by the Share Exchange and upon conversion of all Series B Preferred shares outstanding into 12,552,671,663 shares of TDCP common stock and after the capitalization of the Company allows for such issuances.
https://capedge.com/filing/1375195/0001144204-17-015481/CRTG-DEF14C
Take some time and check out Samsung electro mechanics web site .. Scroll down and There is a picture of a production line were the CCMs are tested inspected and assembled with the headline >>>
Module PKG
Through field test, assembly, and inspection/evaluation of optical components, our manufacturing technology provides optimized camera module performance
..as i understand this is what Core Optics does ..and on Core Optics web site they said they are collaborating / partnered with Samsung but of coarse to what extent thats the question ?? Is Samsung accually using Core Optics machines to do Testing , inspections and assembly of their products ?? Hopefully they can give insight Thursday but i dont think they can say to much . Hopefully they can share a little insight into their product sales and revenue ..
https://samsungsem.com/global/product/module/camera-module.do
We will learn a lot Thursday... im glad that we will have a lot of our questions answered then. Hopfuly they give us a time line to close this deal and oficially become one company . But keep in mind a lot of great things could happen woth both companies before close to enhance this deal .
From the 14 C Mailed to shareholders out March 17 2017 OUCH this was another they did the R/S . We were at .0007 with 13 billion shares outstanding and no money no revenue and no product ...So it was R/S time of coarse they had to get the share count down price of the shares up to get someone to loan them money .. And after Carlton James loaned 2.5 million to Coretec before thr R/S you knew they had to do a reverse split to raise the share price and lower the number of shares to like 7 million after the R/S leaving room to give out shares to Armistice who came along later.. Thats not where the new company will be .. The new company should be able to get the stock price up to the levels they need to get on a senior exchange if they have great earning revenue etc.. They did say in the press release they made good profit margins
From the 3Dicon 14 C ,a mutiple paged explaination of the changes we all recieved one in the mail to shareholders of 3Dicon on March 20 , 2017 and it outlined these corporate changes to take effect 1) Name change from 3Dicon to "The Coretec Group 2) Symbol change from TDCP to a symbol that would fit name , they choose CRTG 3) Reverse Split 4 ) Cuspid change . ( #1 and #2 happened after a 20 day period from the mailing date March 17 2016 )
Important time lines 1) May 31, 2016 > Press release announcement that 3Dicon and Coretec LLC would merge and do a share exchange agreement 2) October 6, 2016 Share exchange agreement CLOSES . 3) March 20th , 2017 14 C mailed to shareholders about corporate changes 4 ) JUNE 29th , 2017 Reverse Split 300/1 became effective . ( This date is not in this document i printed off the announcement that was sent from then CEO Micheal Kraft in a news release )
This supports the ideas that there may not be a Reverse Split because these reasons for the R/S with the early Coretec Groups situation is totally different today with Core Optics on board and CRTG must farther down the road technology wise ..these would not be reasons for the new company to do a R/S ..
NOTE It took 4 months and 6 days for The Share exchange agreement to Close once the merger was announced
It was 13 months from the time of the share exchange agreement was announced till the company did the reverse split of 300/1 share exchange announcement was May 31 2016 ... June 29 2017 was the R/S 300/1
14 C March 17 2017 https://capedge.com/filing/1375195/0001144204-17-015481/CRTG-DEF14C
Taken from 14 C Purpose for the Reverse Stock Split
The Board has the sole discretion to implement the Reverse Stock Split within a range of between 1-for-50 and up to 1-for-300. The Board believes that approval of a range of ratios (as opposed to approval of a specified ratio) provides the Board with maximum flexibility to achieve the purposes of the Reverse Stock Split and, therefore, is in the best interests of the Company and its stockholders.
The Board believes that the Reverse Stock Split will cause the per share market price of our Common Stock to increase and such resulting increase in the per share price of our Common Stock could encourage increased investor interest in our Common Stock and promote greater confidence amongst our investors. A greater price per share of our Common Stock could allow a broader range of institutions to invest in our Common Stock (namely, funds that are prohibited or discouraged from buying stocks with a price below a certain threshold), potentially increasing marketability, trading volume and liquidity of our Common Stock. Many institutional investors view stocks trading at low prices as unduly speculative in nature and, as a result, avoid investing in such stocks.
The Board believes that the Reverse Stock Split will provide the Board with flexibility to make our Common Stock a more attractive investment for these institutional investors, which we believe will enhance the liquidity for the holders of our Common Stock and may facilitate future sales of our Common Stock. The Reverse Stock Split could also increase interest in our Common Stock for analysts and brokers who may otherwise have policies that discourage or prohibit them in following or recommending companies with low stock prices. Additionally, because brokers’ commissions on transactions in low-priced stocks generally represent a higher percentage of the stock price than commissions on higher-priced stocks, the current average price per share of our Common Stock can result in individual shareholders paying transaction costs representing a higher percentage of their total share value than would be the case if the share price were substantially higher.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (“SEC”) on October 6, 2016, the Company entered into and closed a Share Exchange Agreement dated May 31, 2016 (the “Share Exchange Agreement”) by and between the Company and Coretec Industries, LLC, a North Carolina limited liability company (“Coretec”), pursuant to which the Company agreed to effect a corporate action that has the effect of allowing the Company to issue all Common Stock into which the Series B Preferred issued in connection with the Share Exchange Agreement may be converted (the “Capitalization Obligation”). As the Board believed, at the time of the closing of the Share Exchange Agreement and continues to believe, that the Company’s combination with Coretec provides significant opportunities to increase shareholder value, the Board believes that the Reverse Stock Split is in the best interest of the Company because the Reverse Stock Split will satisfy the Capitalization Obligation.
Yes The silicon anodes excellent test results are really what puts Coretec into this position to be able to merger with such a good advanced company with revenue as Mathew Hoffman said , Corertecs COO and CFO, " Data ( battery ) equals financial success "
And TDCPs 3D volumetric tech is alive and well after all these years it has a chance of being completed and marketed .Really amazing
I did get into 3Dicon in 1999 ..I knew Martin Keating and trusted his vision went to a speaking engagements with him , one at ORU once he was speaking to the a class about 3D technology maybe in 1999 or 2000 . They were very impressed with his vision. There was really nothing going on then as First Keating Corp, later 3Dicon , didnt even have an R&D with OU yet . The stock went from pennies to a 3.27 intra day high after a March 21 2006 news release of revenue coming in by year end so the stock shot up .There was a canceled R/S i do remember you talked about have to look it up I have a file cabinet full of 3Dicon info . I had sold out but bought the stock again to 3Dicon in 2013 we were at 5 cents .A few years later after the of the close of the share exchange with Coretec the outstanding share count was over 13 billion shares . 3Dicon had at that time 1.4 billion shares and the members of Coretec started by Dennis Anderson at NDSU got around 12 billion as a result of the merger . ...I have some dated paper work on the day the 300/1 reverse split took place sometime after the share exchange close .Would have to look all that up .. So they did a 300/1 RS and dropped us to about 7 million OS shares .We went from .0007 range to 20 cents then it dropped to 2 cents and back to 18 cents and down again ..The spread was huge . I remember that whole senario it happened a little while after the close of the share exchange with Coretec . Not sure why the dates are not clear you found . So weve traded at a low of .0095 a couple of months ago to a high of 51 cents about 3 months ago for several years and went from about 7 million shares after the split to 284 million. We did have another R/S in the earlier 2000s 10/1 % cents to 30 cents i couldnt believe it happened then the stock dropped after that to back to 5 cents from 30 cents ... it was my first experience with R/S , but i kept buying shares anyway for several years at the penny level then the stock shot up to 3 bucs in 2006 it was worth we went public in 2003 came out at 50 cents i think cents and dropped to 5 cents in one day ? I ve learned a lot about start ups and penny stocks over 25 years and i have to conclude i think this merger is solid in from the tech stand point and financial stand point and CRTG will continue to have solid leadership after the merger i final ..
CRTG MERGES WITH REVENUE GENERATING COMPANY 2 DAYS AGO ONLY 2 CENTS NOW ..Core Optics out of Korea will go public through merger with The Coretec Group at close of share agreement and still trade under CRTG and wants to uplist on a senior exchange AND THEY SAID THEY BELIEVE THEY WILL MEET THE REQUIREMENTS
PRESS RELEASE https://thecoretecgroup.com/press-releases/the-coretec-group-and-core-optics-llc-announce-they-have-entered-into-a-definitive-share-exchange-agreement/
https://www.coreoptics.us/
Over two decades, CORE OPTICS has developed an impressive portfolio of advanced testing methodologies and a deep knowledge base, thanks to our collaborations with both niche businesses and industry titans like Samsung, Apple, Meta, Hyundai, Ford, and Lucid. These partnerships have not only broadened our expertise but have also reinforced our reputation as a beacon of innovation and reliability.
Core Optics maintains numerous customer engagements with some of the top mobile device manufacturers in South Korea and throughout the world and with prominent automobile manufacturers including EV makers, as well as global commercial activity in other verticals. Core Optics is revenue producing via a CCM testing product line that has historically produced healthy profit margins, and maintains a pipeline of orders with an expected trajectory for high-growth.
SO WHAT ARE THOSE PIPELINE OF ORDERS , HOW MANY ARE THERE AND WHO ARE THE CUSTOMERS AND WHAT IS THE REVENUE ON THOSE ORDERS .In time we will find out . I will be patiently waiting for the close of the share exchange agreement . . CRTG I BELIEVE JUST BECAME REDICULOUSLY UNDERVALUED AS A RESULT OF THIS MERGER
CRTG MERGES WITH REVENUE GENERATING COMPANY 2 DAYS AGO ONLY 2 CENTS NOW ..Core Optics out of Korea will go public through merger with The Coretec Group at close of share agreement and still trade under CRTG and wants to uplist on a senior exchange AND THEY SAID THEY BELIEVE THEY WILL MEET THE REQUIREMENTS
PRESS RELEASE https://thecoretecgroup.com/press-releases/the-coretec-group-and-core-optics-llc-announce-they-have-entered-into-a-definitive-share-exchange-agreement/
https://www.coreoptics.us/
Over two decades, CORE OPTICS has developed an impressive portfolio of advanced testing methodologies and a deep knowledge base, thanks to our collaborations with both niche businesses and industry titans like Samsung, Apple, Meta, Hyundai, Ford, and Lucid. These partnerships have not only broadened our expertise but have also reinforced our reputation as a beacon of innovation and reliability.
Core Optics maintains numerous customer engagements with some of the top mobile device manufacturers in South Korea and throughout the world and with prominent automobile manufacturers including EV makers, as well as global commercial activity in other verticals. Core Optics is revenue producing via a CCM testing product line that has historically produced healthy profit margins, and maintains a pipeline of orders with an expected trajectory for high-growth.
SO WHAT ARE THOSE PIPELINE OF ORDERS , HOW MANY ARE THERE AND WHO ARE THE CUSTOMERS AND WHAT IS THE REVENUE ON THOSE ORDERS .In time we will find out . I will be patiently waiting for the close of the share exchange agreement . . CRTG I BELIEVE JUST BECAME REDICULOUSLY UNDERVALUED AS A RESULT OF THIS MERGER
WHAT ARE THOSE PIPELINE OF ORDERS , HOW MANY ARE THERE AND WHO ARE THE CUSTOMERS AND WHAT IS THE REVENUE ON THOSE ORDERS .In time we will find out . I will be patiently waiting for the close of the share exchange agreement . . CRTG I BELIEVE JUST BECAME REDICULOUSLY UNDERVALUED AS A RESULT OF THIS MERGER
Core Optics maintains numerous customer engagements with some of the top mobile device manufacturers in South Korea and throughout the world and with prominent automobile manufacturers including EV makers, as well as global commercial activity in other verticals. Core Optics is revenue producing via a CCM testing product line that has historically produced healthy profit margins, and maintains a pipeline of orders with an expected trajectory for high-growth.
So CRTG is trading at 2 cents today and the company just said they believe they , " can satisfy initial listing requirements " on a senior exchange then CRTG id say is a buy at 2 cents ..And we seen what the initial requirements are and if they meet those they must have good revenue .THIS IS A BUY BASED ON WHAT THE PRESS RELEASE SAYS IN MY BOOK !!
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.
Core Optics maintains numerous customer engagements with some of the top mobile device manufacturers in South Korea and throughout the world and with prominent automobile manufacturers including EV makers, as well as global commercial activity in other verticals. Core Optics is revenue producing via a CCM testing product line that has historically produced healthy profit margins, and maintains a pipeline of orders with an expected trajectory for high-growth.
I dont believe any insiders in the new company will be selling any shares on the OTC markets if they know they can get the company listed on a big exchange . That would be counter productive and send the wrong message about the comments in the press release about the companies believe they will quaify for a senior exchange . I know i would rather sell on the Nasdaq etc.. than the OTC if i was an insider with a lot of shares . I see no selling on the OTC markets by them .
from the press release ...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.
You mentioned Amprius i followed them for years before going public ..they did sell off after the IPO like so many IPO companies do in these type sectors but thy didnt have any revenue and they had a lot of R&D to do to get there.. They new their value was not there yet .Core Opics has revenue but yed those guys with the company are like shareholders of the CRTG who have been holding shares foy many years and just want some kind of profit on their investment , people tired of holding . So you might see a lot of selling if this stock goes much higher , even 20 cents you could see selling . I do think that the combined companies will do a lot of PR about Core Optics products and revenue whenever they are allowed to to get the word out and try to get the stock price up to the new value of this new company . 437,000 shares trading out of the gate this morning .Looking for press release on call thursday so we can sign up !!
Core Optics web site lists a Michigan number for the USA company office and they list Ford as one of those collaboration / partners on their web site so it makes me wonder is Ford using or going to recieve . Cote Optics may be chosding to go public through this merger because they feel like not only can they meet the requiements to uplist to a senior market , perhaps AMEX or Nasdaq , but also because they feel like 2024 is going to be a breakout year for them and see it as a good time to become a publically traded company. They just became a Virginia limited liability company July 19 2023 so they could get traction in the U.S. and opened the Michigan office . They will become a Oklahoma Corp soon at close since thats where Coretec is incorporated . This of coarse this all started here in Tulsa when Martin Keating started First Keating Corp in 1995 and became 3Dicon in 2003. I think the best is yet to come !!
What i dont understand is why anyone would want to sell shares now until at the very least they learn more about the kind of revenue Core Optics has now and what kind of orders they have in the pipeline to be shipped out to customers. Also who are those customers that are using and recieving next orders . On their web site they list Apple , Meta ,Ford and others as partners >>>The link to the explaination of their mobile phone testing equitment is impressive .
COLLABORATION EXPERTISE: A LEGACY
Over two decades, CORE OPTICS has developed an impressive portfolio of advanced testing methodologies and a deep knowledge base, thanks to our collaborations with both niche businesses and industry titans like Samsung, Apple, Meta, Hyundai, Ford, and Lucid. [/b]These partnerships have not only broadened our expertise but have also reinforced our reputation as a beacon of innovation and reliability.
https://www.coreoptics.us/smart-phone-testing
https://www.coreoptics.us/automotive-camera-testing
https://www.coreoptics.us/mobile-camera-testing
theres just no reason to do a R/S out the gates . They dont have to lower the share count back to 7 million shares because they need that old toxic diluting funding penny stock company get when they have no revenue and need money to cover the burn rate . They will want to build their stock price not artificially with a R/S but it will move higher based on the revenue they have now which they will release when they can along with forward looking statements partnership names customer names etc.. .And they are not going to sell their shares out the gate either .. If they get the price up that way its much much healthier for the company going forward . Im sure all this will be covered Thursday and more .
We should have a press release tommorrow letting us know how to get on the call and they usually give the agenda for the call . We know one thing for sure and that is The Coretec group will be a revenue generating company on day one after a successful merger takes place !! It will be interesting watching the trading leading up to that day and when Core Optics can start sharing revenue and revenue projections info along with who they are shipping products to product purchase orders , revenue expectations ..all that good stuff we will know what we have , what will that do to the stock price ??? Time will tell . The shareholder meeting will be very interesting . I think Coretec is very fortunate to land this merger , it will move things forward in their silicon technology development in all areas of application .
We will get all or most of questions answered next Thursday .
I was reading some where today that said preferred shares were not part of the outstanding share count . We won’t know until they designate use of those shares to be revealed at close. Lots of options on how they are used. I don’t see a reverse split out the gates very confident about that
preferred stock DD
https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/financing_transactio/financing_transactio_US/chapter_7_preferred__US/72_characteristics_o_US.html#pwc-topic.dita_1749093610197458
7.2 Characteristics of preferred stock
Publication date: 31 Dec 2022
US Financing guide
Preferred stock (also called preferred shares or preference shares) is a class of ownership in a reporting entity that is senior to common stock and subordinate to debt. The terms of preferred stock can vary significantly. A reporting entity may issue several series of preferred stock with different features and priorities such as on dividends or assets in case of liquidation. Preferred stock may have characteristics of equity, debt, or both. Figure FG 7-1 summarizes some of the common characteristics of preferred stock.
Figure FG 7-1
Characteristics of preferred stock
xample 4.
(i) Facts. Corporation X is a domestic corporation with only common stock outstanding. In connection with its acquisition of Corporation T, X issues 100 shares of its 4% preferred stock to the shareholders of T, who are unrelated to X both before and after the transaction. The issue price of the preferred stock is $40 per share. Each share of preferred stock is convertible at the shareholder's election into three shares of X common stock. At the time the preferred stock is issued, the X common stock has a value of $10 per share. The preferred stock does not provide for its mandatory redemption or for redemption at the option of the holder. It is callable at the option of X at any time beginning three years from the date of issuance for $100 per share. There are no other plans, arrangements, or agreements that effectively require or are intended to compel X to redeem the stock.
(ii) Analysis. The preferred stock is described in the safe harbor rule of paragraph (b)(3)(ii) of this section because X and the former shareholders of T are unrelated, there are no plans, arrangements, or agreements that effectively require or are intended to compel X to redeem the stock, and calling the stock for $100 per share would not reduce the yield of the preferred stock. Therefore, the $60 per share call premium is not treated as a constructive distribution to the shareholders of the preferred stock under paragraph (b) of this section.
It looks like it may not be part of the OS count ?? .
8 K The Preferred Stock is not expected to: require the payment of any dividends; include any operational covenants; or require the Company to redeem the Series C Preferred Stock
8K . In addition, it is expected that all outstanding Series C Preferred Stock will be automatically converted after a mandatory conversion event, which will be set forth in a certificate of designation that the Company would file with the Secretary of the State of Oklahoma at or before the closing of the Exchange.
From preferred stock article ..7.2.1 Redemption features
Preferred stock may or may not provide for redemption. Perpetual preferred stock does not have a redemption feature. Redeemable preferred stock may be mandatorily or contingently redeemable. The typical accounting classification for each of these types of preferred stock by the issuer is summarized in Figure FG 7-2.
https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/financing_transactio/financing_transactio_US/chapter_7_preferred__US/72_characteristics_o_US.html
Im guessing we will have to wait to see it preferred stock has many options the link above gives the options for preferred stock
DD on preferred stock
https://www.law.cornell.edu/cfr/text/26/1.305-5#:~:text=The%20preferred%20stock%20does%20not,the%20option%20of%20the%20holder.
certificate of designation filed at closing so we dont now all yet ???what do you think ??
8K Each share of the Series C Preferred Stock is expected to be convertible into One Hundred Fifty (150) shares of Common Stock and has a stated value of $3.00. The Preferred Stock is not expected to: require the payment of any dividends; include any operational covenants; or require the Company to redeem the Series C Preferred Stock. Each holder of Series C Preferred Stock is expected to be entitled to cast the number of votes equal to the number of shares of Company Common Stock into which the Series C Preferred Stock held by such holder are convertible. In addition, it is expected that all outstanding Series C Preferred Stock will be automatically converted after a mandatory conversion event, which will be set forth in a certificate of designation that the Company would file with the Secretary of the State of Oklahoma at or before the closing of the Exchange.
After the merger there will be a little more than a billion shares >> 705,561,076 plus CRTGs current 284,000,000 plus a few more perhaps a bit over 1 billion shares total some one total it 2 billion total ... Am i missing something ?? No R/S early on in this works is my prediction .. We will find out next Thursday .. The R/S fears will be addressed im sure
..
recent 8K ....satisfaction of various closing conditions, the Member agreed to sell all of its membership interests in Core Optics to the Company in exchange for the Company’s issuance of (i) Ten Million (10,000,000) shares of Series C Convertible Preferred Stock, par value $0.0002 per share, of the Company (the “Series C Preferred Stock”); and (ii) Seven-Hundred-Five Million Five-Hundred-Sixty-One Thousand Seventy-Six (705,561,076) shares of the Company’s common stock, par value $0.0002 (“Common Stock”), for the Membership Interests so transferred by the Member (the “Exchange”). Upon consummation of the Exchange, Core Optics will be a wholly-owned-direct subsidiary of the Company, Operating Subsidiary will be a wholly-owned-indirect subsidiary of the Company...
And if was Armistice selling , they gave CRTG 6 million to fund the company , and it probably is... they wait until CRTG share price goes up then sell into news if they can... I saw 2 million shares show up on level 2 that were not even at the best ask price that just got gobble up in about 1 minute or less . Someone was ready for the sell off and grabbed a lot of cheap shares Cant wait to hear the shareholder call updates .. good things ahead . the sell off had nothing to do with the value of this merger .Remember Armistice has warrants at 7.9 cents they can sell when the price gets there but only 4.99% of the OS count a time can they recieve ..they sell those pre funded warrant basically at whatever they can get it looks like .
Armistice does have to file each time get more of the pre funded warrants they should be out of those soon but do have warrant they can excercise at 7.99 cents
i believe but can only have 4.99 % of the OS count at a time . I certainly dont see a R/S right after the close of the merger i would be very suprised if they didnt try to get the stock up through running a successfully publically traded company . They dont need financing so to cut down shares now they wouldnt need and they dont need help getting the share price up after they are public if they are successful financially have have good revenue and good profit margins as as it said they did in the news release
yes sir Armistice still has those pre funded warrants remaining but they should obviously be geting close to selling those . They like to wait till the stock price moves up and on news DUMP. This dumping by i believe
Armistice and disatisfied short term traders gives me opportunity to buy shares in a company that will have revenue under The Coretec Group name CRTG will have instant revenue and products and i see no way they will do a R/S but will try to get the stock price on good company earning and excellent revenue .Also short term traders who bought at 2 cents plus when the news of a corporate development was in the works . I felt all along this was a merger as time went buy because CRTG had been pursuing a merger canadate a year and a half ago and they had all this good battery data coming out and thier value , data based , was going way up . They had 900 k left $$ momey wise and Core Optics wanted to go public here in the USA and July 19 2023 became a Virginia limited liablity company with a office now in Michigan hence their 517 area code office number . Core Optics knows there ready to go public and then uplist when the times comes to a senior market , Nasdaq etc forgoing a dreaded IPO which is very expensive and there are timing problems with those . So companies like this dont partnerMerge with big companies or get bought out they merge with small start ups that have next gen 2.0 tech that WORKS and they have the same type partners , cutomers and collaborations and are in the same tech space and compliment each other .. And bingo Core Optics a revenue generating company with a good profit margin 30+ patents merges and goes public through The Coretec Group and will begin trading very soon ( 2 -3 months ??) after closing this deal . Coretec scored in this deal and i dont see a reverse split ..The new company will concentrate on growing the company and we will see what price it comes out at whrn this deal is done it should be much higher since they do have good revenue or they wouldnt be expecting to uplist .. the day they start trading is kinda like an IPO in sence i guess you could say ..
Obviously the short term trader didnt see a huge increase on the stock price after the long awaited news . he stock is back to where it traded when the news of a corporate development was in the works after the amature dump . Core Optics has revenue and will bring great value to The Coretec Group when the share exchange is final. I think after the shareholder call shareholders we see the light ..I think this stock is very cheap at these prices . It doesnt take much to drop a stock price when you sell 2 million shares at the bid prices over and over and over again in a few seconds. Expecting great things in the future for CRTG !!! The Best is Yet to Come
Michael Ussery Chairman of Advisory board for Core Optics bio ..He was in the state Dept in 2018 and was a political business advisor to the Trump Company in the 1990s and a former US Ambassador appointed by President Reagan plus many other accomplishments . He along with the other board members now soon to be The Coretec Groups board menbers have a great deal of expertise in many areas and lots of experiance that will serve the new company well !!
https://www.corpsafrica.org/people/ussery-ambassador-michael/
Burge Watkins Executive Director for Core Optics served as economic advisor to President Ford also worked for president Reagan and President Bush
https://geraldrfordfoundation.org/centennial/oralhistory/birge-watkins/
https://prabook.com/web/birge_swift.watkins/1681418
Trioptics a US company looks to be in the same business as Core Optics if you look under markets tab they are in some of the markets for testing as Core Optics
https://trioptics.com/us/
3D ToF image grabber protduct from Core Optics . a related article about this technology just trying to understand a little about the technnology they are inspecting with their product line
https://www.coreoptics.us/3d-tof-image-gabber
https://www.wevolver.com/article/tof-3d-image-sensors-are-changing-the-way-we-engage-with-photography-and-mixed-reality