HUGE DAY $750,000 NON-TOXIC OF FUNDING FROM COMPANY INSIDERS as a result of the actions of Victor Keen and W. James Tozer Jr. who will have restricted shares and will I beleive hold shares for the long long haul and are probably most interested in building this new company long term that will possibly be acquired by another company someday. The best is yet to come for sure !!!!! HUGE DAY FOR CORETEC !!!
W. James Tozer Jr.
Jim, a private investor and advisor to financial institutions, is president of Vectra Management Group. He is a former Senior Vice President of Citibank/Citicorp, Senior Executive Vice President of Shearson Hayden Stone
Background
Mr. W. James Tozer, Jr. has been the Managing Director and President of Vectra Management Group, a real estate firm involved in real estate development and management of private investments, since 1990. Mr. Tozer served as Senior Vice President of Citibank/Citicorp. He served as Senior Executive Vice President of Shearson Hayden Stone and Marine Midland Bank. He served as President of Prudential-Bache Securities. From April 1993 to December 1994, Mr. Tozer also served as President and Chief Executive Officer of Lincolnshire Management, Inc., a New York based investment firm. From July 1990 to March 1993 he served as an Advisor to financial institutions and managed private investments. Mr. Tozer's previous financial service industry experience includes 20 years of senior management positions at Marine idland Bank, Prudential Securities, Inc. and Citicorp/Citibank. He co-founded Vectra Bank of Colorado. He serves as Chairman of the Executive Committee of Draper Bank and Trust. He serves as a Director of S2 Technologies, Inc. He serves as Director of RolloverSystems, Inc and Zane Benefits, Inc. He has been a Director of LendingTree Inc. since August 1997, he was also one of the founding investors of LendingTree. He serves as Director of Vectra Management Group. He served as a Director of Vectra Banking Corp. since April 1991 and previously served as Director from March 1988 to August 1989. He served as a Director of Cobra Industries, Inc. from 1993 to October 1995. Cobra Industries filed for reorganization under federal bankruptcy laws in October 1995 and is being liquidated. He served as a Director at Tree.Com, Inc since August 1997. He served as a Director of a Lincolnshire Management, Inc. from April 1993 to December 1994. Mr. Tozer serves as Trustee of the Citizens Budget Commission. Mr. Tozer is a graduate of Trinity College and Harvard University.
NEW 8K GREAT NEWS SHOWS SUPPORRT AND COMMITTMENT OF INSIDERS OF THE CORETEC GROUP INC. !!!!
GREAT TO SEE CORETEC HAS CHOSEN INTERNAL FUNDING OF $750,000 THOUSAND DOLLARS AND HAS TAKEN PLACE HERE WITH VICTOR KEEN ( W JAMES TOZER ) WHO HAS NOT SOLD ANY SHARES THROUGH THE YEARS AND WE ALL KNOW WILL HOLD THOSE SHARES. NO TOXIC DILUTIVE FUNDING WILL TAKE PLACE AS WE ALL KNOW MR. KEEN WILL HOLD HIS STOCK FOR THE LONG RUN AND THE SHAREHOLDERS WILL BE THE ONES WHO GREATLY BENEFIT WITH THIS MONEY MOVING THE COMPANY FORWARD AND WITH SHAREHOLDER MR. KEEN WHO HOLDS HIS STOCK AS THE COMPANY PROGRESSES AND GROWS AND BUILDS IN PART DUE TO THIS INFUSION OF THIS NON-TOXIC CASH THE COMPANY GREATLY NEEDED .HUGE NEWS HERE WOW !!!!
new 8k : Item 1.01 Entry into a Material Definitive Agreement.
On November 15, 2017, The Coretec Group Inc., an Oklahoma corporation (the “Company”), conducted a private placement with an accredited investor and related party, Victor Keen, Co-Chairman of the Board of Directors of the Company (the “Investor”), pursuant to which it sold 20,000,000 shares (the “Shares”) of common stock, par value $0.0002 per share (the “Common Stock”), for a purchase price of $750,000 (the “Private Placement”).
Item 3.02 Unregistered Sales of Equity Securities.
On November 15, 2017, the Company closed on the Private Placement in consideration for aggregate gross proceeds of $750,000. The details of this transaction are described in Item 1.01, which is incorporated by reference in its entirety into this Item 3.02.
Simultaneously, the Company issued an option to purchase an aggregate of 2,666,667 shares of Common Stock (the “Option”) to a third-party accredited investor as an inducement to provide the Investor with a personal loan, the proceeds from which the Investor used to partially fund his purchase of the Shares.
Simultaneously, the Company issued an option to purchase an aggregate of 2,666,667 shares of Common Stock (the “Option”) to a third-party accredited investor as an inducement to provide the Investor with a personal loan, the proceeds from which the Investor used to partially fund his purchase of the Shares.
