Coretec Group Inc (CRTG)

[iamthe walrus]

SEC S-8 filing !! Nice to see filing finally comes out for employee incentive plans

https://ir.thecoretecgroup.com/all-sec-filings#document-22054-0001144204-18-004087
Great to see the S-8 finally filed for employee benefits and been waiting to see the filing to see what the purchase price of the shares would be : Price set at .1371 cents which what is the current price of the stock. The company must be expecting to do very well and anticipate the stock price will rise much higher in making the offer which employees could exercise at a later date at when the stock price could is much higher and a great option for employees to exercise their rights here.Would be interesting to see if anyone excercises their rights someday to purchase stock but that would obviously come at a time the stock price is much higher since the exercise price is .1371 cents and that's about where the stock trades now. No employee would buy today of coarse but if we are at 5 bucs a share I'm sure the stock would be attractive to buy at .1371 cents , obviously , buy those who have the option.I definitely think Coretec stock will be in the dollars someday !! This SEC filing does NOT mean the company stock float is dilutied today or even in the next year as there has been zero shares purchased or sold form this offering.THATS OBVIOUS OF COARSE TO THOSE OF US WHO ARE FAMILIAR WITH THESE FILINGS AND UNDERSTAND HOW THEY WORK !! NO DILUTION OF THE COMPANY STOCK OR FLOAT HAS OCCURED BECAUSE OF THIS FILING !!!!!!!!!!!

From the SEC web-site heres what the plan is

Employee Stock Options Plans :

Many companies use employee stock options plans to compensate, retain, and attract employees. These plans are contracts between a company and its employees that give employees the right to buy a specific number of the company’s shares at a fixed price within a certain period of time. [/b]The fixed price is often called the grant or exercise price. Employees who are granted stock options hope to profit by exercising their options to buy shares at the exercise price when the shares are trading at a price that is higher than the exercise price.

Companies sometimes revalue the price at which the options can be exercised. This may happen, for example, when a company’s stock price has fallen below the original exercise price. Companies revalue the exercise price as a way to retain their employees.

If a dispute arises about whether an employee is entitled to a stock option, the SEC will not intervene. State law, not federal law, covers such disputes.

Unless the offering qualifies for an exemption, companies generally use Form S-8 to register the securities being offered under the plan. On the SEC’s EDGAR database, you can find a company’s Form S-8, describing the plan or how you can obtain information about the plan.

Employee stock options plans should not be confused with the term "ESOPs," or employee stock ownership plans, which are retirement plans.