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"1,052.8 million in 2024 and US$ 57,653.4 million in 2034." 1,052.8 million = 1.0528 billion and 57,653.4 million = 57.653 billion :)
Actually, Walrus is correct:
“NEWARK, Del., May 6, 2024 /PRNewswire/ -- According to Future Market Insights (FMI), the global silicon anode lithium-ion battery market value is set to reach US$ 1,052.8 million in 2024 and US$ 57,653.4 million in 2034. Over the assessment period, the industry is predicted to surge at a CAGR of 49.2%.”
I believe so
"How long are company audits?
Audits are typically scheduled for three months from beginning to end, which includes four weeks of planning, four weeks of fieldwork and four weeks of compiling the audit report. The auditors are generally working on multiple projects in addition to your audit. Feb 8, 2023"
Pegs1
The due date is June 30th and yes it can be extended. The pps could drop to .0025 or lower. However, the merger is still going through and the new CRTG will have revenues
Yeah good catch Quikshft
13. Plans for future corporate restructuring
- None
14. Other important matters related to investment decisions
1) “Total assets (KRW)” in “2. Transfer details” above is based on the consolidated financial statements as of the end of the fiscal year (December 31, 2020) prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS) (Accounting Audit Opinion Appropriate) standard), and “Capital (KRW)” in “6. Counterparty” is the capital on the corporate register.
2) Of the total sale price, 14,405,784,719 won is the value of the land, and the building value is 6,733,933,091 won (excluding value-added tax).
3) The “Transfer Base Date” and “Scheduled Registration Date” in “5. Expected Transfer Date” above are based on the balance payment date, and matters regarding this schedule and sale price payment date may be changed according to agreement between the company and the transferee.
4) This disclosure is made at the point when the buyer's information is known after the buyer has paid the balance in the short sale procedure. .
9,300,000,000 South Korean won equals 6,714,956.19 USD.
I think your analysis is accurate and I look forward to seeing this merger close and watching the new CRTG move forward.
It’s my understanding that a board member of isMedia embezzled money and the company was taken off the S Korean stock market in 2022. Core Optics bought the CCM calibration business and has been thriving since then.
“EMBARKING ON A NEW ERA
Core Optics LLC proudly announces the acquisition of Core Optics Co., Ltd., previously known as IS CCM Co Ltd. This strategic move not only broadens our technological horizons but also strengthens our leadership in the dynamic world of imaging technology.”
“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. 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/company-overview
If Core Optics has healthy profit margins, which by definition is 10%, why would we assume they have debt?
I concur, in the words of Matt Kappers: "To wrap up the call today, the combination of Core Optics and the Coretec Group creates a powerful organization. The overlap in customer base, operations, technologies, and personnel will yield strong results. The overall goal is to increase the value of the company by driving further development, revenue growth, and profitability. We're on track to achieve that goal."
Only Molliitium and Armistice have sold and made 28.1% and 123% profit respectively.
Also notice that Insider ownership dropped from 63.75% to 60.98% since those two entities dumped shares.
“Top 9 shareholders own 60.98% of the company
Information
Victor Keen
30.5%
>
Mollitium Investment Management
9.51%
Shares
29,956,870
Value
US$209.7k
Change %
28.1%
Portfolio %
0%
Last Reported
21 Mar 24
Armistice Capital LLC
9.51%
Shares
29,956,870
Value
US$209.7k
Change %
123%
Portfolio %
0.01%
Last Reported
21 Mar 24”
Source is Simply Wall Street App
Simon Carlton and Carlton James Group are not selling. Just checked Simply Wall Street App
Yeah the low prices are quite bargain basement. I’m buying more tomorrow.
Total volume from 3/26 to current is 31 million
Probably need cash, some offering, or salary paid via shares dilution. It could easily be they need some cash to complete the merger. It's a complex process and attorney’s fees add up.Hopefully we have another filling soon.
Apologies for the confusion, but looking further into this reverse acquisition, it appears that CRTG cannot issue the 705.5 million common shares until the merger is finalized. There's going to be a form S4 filing once its finalized.
Good question, here’s a link to the SEC pages about reverse mergers, which it appears is the case with Core Optics LLC and CRTG
“ .2 SEC reporting requirements before a reverse merger is completed
When an acquisition will be effected through the exchange of equity interests, the legal acquirer/issuer will usually register the shares of its stock to be issued in the reverse merger using Form S-4. If the transaction requires the approval of one or more groups of shareholders, then the Form S-4 will oftentimes be combined with a proxy statement prepared pursuant to Regulation 14A.”
https://viewpoint.pwc.com/dt/us/en/pwc/pwc_sec_volume/pwc_sec_volume_US/7000_mergers_and_acq_US/sec_7050_reverse_mer_US.html#pwc-topic.dita_0110041373457196
Speculating the drop in SP is probably CRTG issuing the common shares exchange. It was like 705 million. Because of the low volume, they couldn't strategically issue shares at a higher price so it got dumped to .007
This video depicts a chart analysis of CRTG posted on Feb 25, 2024. Interesting in that 2 months later we are at the .007 range prediction in the video
Walrus,
Good find, thank you
Armistice had warrants to purchase at .0002, so even at these prices they are still making money when they sell
It had been Armistice in the past. Walrus has the latest metrics on them
Pegs1,
I think what matters most right now is that CRTG has a pending merger with a revenue producing company. The deadline for the completing
the merger is June 30th. I believe there's a good possibility the merger will be finished prior to deadline. The pps really doesn't matter right now.
Once we see the financials that Core Optics brings to the table, we will most likely no longer be trading in the pennies for long. I base this on the
fact that isMedia showed earnings of $50 Million USD in 2019 from their CCM business. Core Optics LLC showed via the slides in the Shareholder
Call that they shifted 78% of their business to CCM, which is now going to be a $68.5 Billion market by 2028
https://www.marketsandmarkets.com/Market-Reports/camera-module-market-134910924.html
twa,
Here’s a link to help you catch up to what’s going on with CRTG. Highly recommend you check out the latest shareholder call. You can watch the video and follow along with the transcript.
https://investors.thecoretecgroup.com/events
I share your sentiment. I remember previous podcasts and a shareholder call where he paused and appeared to be, processing in his mind, not to say too much.
I believe that while a merger/acquisition is in progress they are not required to
Then they announced this on March 20th in the 8K filing
Exhibit 99.2
"Further, Core Optics' financial statements are currently being audited. The Company cannot publish financial information until the audit is complete and plans to do so when appropriate."
I didn’t get an email either. Not certain that CRTG actually sent one out for the April 16 update.
Looks like another acquisition for 22 X Ventures
https://www.linkedin.com/feed/update/urn:li:activity:7186004879671275521?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7186004879671275521%29
CRTG latest update:
“March was a very productive month for The Coretec Group (OTCQB: CRTG) as it announced a definitive share exchange agreement with Core Optics LLC. Company leadership expounded upon its details during a March 14 shareholder call and presentation (the full transcript and recording of which can be found here).
The chief takeaways from the call demonstrate the market opportunity ahead, as CFO/COO Matthew Hoffman provided updates and a future outlook of the Company’s Endurion battery program:
Endurion boasts full coin cell batteries with strong stability, lasting over 500 cycles: an impressive cycle life benchmark that creates clear pathways for the technology to be applied to a number of customer markets. Core Optics’ existing relationships and customer base within these industries create opportunities for partnerships and commercial adoption.
The Endurion team’s work has achieved new IP in the form of an advanced coating methodology that can extend beyond just battery applications, which will be a major asset in the future licensing of the technology as well as the overall value of the Company.
Looking ahead to the rest of 2024, The Coretec Group aims to scale up its anode material synthesis capabilities to meet the demands of potential partners. Endurion’s latest progress positions it well for securing development funding, which Company leadership will pursue aggressively as it strives toward the larger goal of making the program a self-sustaining business unit. The Coretec Group’s relationship with Core Optics will also prove essential in the solidification of Endurion’s partnerships and financial goals for the remainder of the year.
The Company also contributed an article to POWER Magazine on the bright future of lithium-ion batteries through the use of silicon anode technology. The piece details the principal caveats hampering si-anode adoption and Coretec’s nanoparticle solution that could overcome them and bring about the next generation of high-efficiency EV batteries.
Lastly, Coretec CTO Ramez Elgammal will soon be featured on the eVTOL Insights podcast. Be sure to be on the lookout for updates regarding its release.
While it’s been an exciting month, the Coretec team still has plenty more, exciting work ahead of it in the weeks to come. Anyone interested in keeping pace with the Company’s news and updates in real-time is encouraged to follow along on its LinkedIn and X profiles”
So I will 😀
Walrus,
Excellent DD, thank you for sharing
Yes most definitely, specifically along the lines of disclosure requirements
“The SEC requires that firms involved in M&As comply with specific disclosure requirements to ensure that investors have sufficient information to properly evaluate the transaction.”
https://www.stern.nyu.edu/sites/default/files/assets/documents/Liu%20Shu%20Towery%20Wang-The%20Role%20of%20External%20Regulators.pdf
Yes, there’s probably going to be some FOMO among those on the sidelines, once the concerns over financial solvency are eradicated
"With three billion shares outstanding, and a P/E ratio of 20 plugged in you need EBTDA earnings of three million dollars for a two cent price per share"
I enjoy theorizing what the post merger pps will be. So, I came up with 2.618 Billion outstanding shares after the close. I expect at least EBTDA earnings of $50 Million USD. So, I'm expecting a minimum share price of .3819 after the close. If earnings are more like 100 million, we could see a share price of .7639
This is all assuming no RS in the immediate future.
Currently trading at.0199
0.08
Open Price 0.01895
High Price 0.0199
Low Price 0.01895
Close Price
Prev. Close 0.0183
Bid Price 0.018
Ask Price 0.0199
Volume 9,500
Last Trade 12:15:02