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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
Matt Kappers had said that they just had a few Due Diligence items remaining ( section M ) which is the last section of a merger before close
Section L has obviously been completed on financial audits since Matt said they just have a few open due diligence items open .
Matt , " 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 "
So just a few probably means 3 or 4 of these listed below . We have to be getting close to the closing... I separated them to more easily view :
(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 from the call , " Further, we have nothing but praise for the Coreoptics
management team. They have and continue to be put to react to our due diligence requests, and
they consistently deliver more than we ask for.
Last thing they will do ..Section N
(n) Approvals. The approval of this Agreement and the transactions contemplated herein by the Member, and its Board of Directors or
similar management of the Member and the Company ; and the Board of Directors of the Parent in accordance with whatever consents and approvals are
required by applicable law.
All other sections are after close
The phone number on the Core Optics web site 571 area code is a Virginia phone number for inquiries ... Is it a company number they will have for their office in Virginia after the merger closes ?? Where will the CCM side headquarters be ?? Will it be at the Michigan innovation headquarters where the battery program is or will the CCM side of the company be located somewhere else in Michigan or Virginia ?? CRTG is a Oklahoma corp but is in Michigan .Core Optics is a Virginia Limited Liability so will they establish the US base in Virginia or with the current office in Michigan or close to it in Michigan . Good questions any thoughts ..
I believe any decision on a reverse split would come later after they see how the new company stock price reacts . I think they would give it a while. Lets say we trade up to 75 cents , of coarse we want multiple of dollars , but lets say 75 cents and it settled in around there as an example . An 8/1 RS puts it at 6 Bucs 2.00 above the 4 dollar mark they would need to trade at as one of the things they have to do to qualify for Nasdaq . Lower level Nasdaq I think is 3 Bucs. If we settled in higher the split would be less . Keeping in mind the company is talking about building a battery giga plant which might involve some dilution in some way lets say they acquire a company they need we may see more dilution before a RS. I say they will wait sometime to develop the new company and and also see how it trades with news and developments within the next year. Remembering they are locked up for a year they can't trade themselves on the market for a year I see this next 6 months as a time to develop the company and grow to the point they feel they are ready for the bigger exchanges . Maybe then they have the data they need from the company financially and they have good developments from the silicon anode battery and established new partnerships etc etc then they can better make a decision on a RS .
2010 article on ismedia
https://www.koreaherald.com/view.php?ud=20111013000695
This is a good article from 2019 which i previously posted with others , but it says a lot about ismedias partners and customers and then business operations which as we know have changed as to the focus to be more on the auto industry https://www.thelec.net/news/articleView.html?idxno=295
ISMEDIA produces single and dual camera module inspection equipment and car camera module inspection equipment. The company also developed Active Alignment equipment, which handles the entire process of assembling and inspection of camera modules at once, by entering part of the front-end process market.
Founded in 2002, ISMEDIA is headquartered in Anyang, Gyeonggi Province. It was listed on the KOSDAQ in 2017. Its Chinese subsidiary was established in 2015 and its US corporation was established last year. ISMEDIA's sales grew 48.3% YoY to 79.0 billion won while operating profit rose 71.0% YoY to 4.1 billion won.
I just googled isMedia Korean news and these news releases came up i will look for more
from the 2019 news release https://www.thelec.net/news/articleView.html?idxno=295 Q Tech has 1.3 trillion won in sales not isMedia
34 billion won is 25 million US
In the sales of ISMEDIA, exportation occupies a large share. The exports to China account for two-thirds of the company's total sales. Q-Tech is the biggest client of last year with sales of 1.30 trillion won. Last year, the company delivered 34 billion won worth of inspection equipment to Q-Tech. In the same year, the company exported 18 billion won worth of equipment to O-Film. Sales from both companies are 43.2% and 22.8%, respectively, of the total sales of the company, which add up to 66.0%.
Old isMedia news releases about deals with major tech companies Sharp and OFilm now Wingtech. It stated they had 78.2 billion in revenue or 57 million US dollars in 2018 but it dropped but in 2019 but as we know from old records that moved back up in 2021 considerably to 33 million and 2022 37 million . I think they might be doing better now with new management .
https://www.thelec.net/news/articleView.html?idxno=295 from 2019 but this deal didnt go through as was a 5.3 million dollar deal but this other article explains in was lowered considerably
https://www.thelec.net/news/articleView.html?idxno=2712 form 2021 this deal was with O Film for work with Apple but was lowered
https://www.thelec.net/news/articleView.html?idxno=3080. from 2021 talks about their work with Facebook through Haesung Optics
https://www.hso.co.kr/eng/company/aboutus
Pegs , A lot of these big trades going through look to be at a set price on a pre arranged deal to buy large amounts of stock in one trade . There was a trade a while back that seemed to be like a 3 million share trade go through and the price never changed . If we start having really good news coming out of the new company I think the regular trading community will be buying a lot of stock as the demand goes up for CRTG stock as we will be a company with a new line of products and revenue . Traders will be buying in big news situations possibly more at the ask . Armistice can according to their trading , distribution of their shares agreement can make pre arranged sales of stock at a set price and I think a lot of the trading volume has been from those kinds of trades. We don't see big million share orders at the ask they just go through behind the scenes so to speak . There doest seem to be much demand for the stock YET from the regular type traders as we come close to the close of this merger so the stock hasn't had that big demand for the stock yet like it needs to possibly move higher. I time after the close of the merger we might see the stock move higher as the company starts sharing their financials and in depth company operations and puts out news releases . If the company even has 5 to 10 million in revenue each quarter with good profit margins lots of cash etc CRTG you would think is worth much more than 2 cents.
Core Optics move to the US to include the United States in their business and to now move their focus from smartphones to the auto industry ( now 78 % of business from the auto industry ) is obviously a move to increase the growth of this business of this line of CCM products they purchased from isMedia . They are involved now in China and South Korea and a few other countries they mentioned . I see the potential for a lot of growth in this move . Cant wait to hear more from the new leadership on their plans as soon as this merger closes . Heres a chart that shows the USAs standing in the auto industry which CRTG can now tap into with their new line of CCM products
https://www.statista.com/statistics/584968/leading-car-manufacturing-countries-worldwide/