Coretec Group Inc (CRTG)

[Testpilot]

I realize the patents were filed by NDSU. I believe that Coretec, NDSU, Gelest, and the new major chemical company (that MK is privy to) will all work together to flesh out a mutually beneficial agreement in order to transport CHS in liquid form and provide superior Li battery power density, which will secure lucrative contracts. It is in the best interest of all parties to avoid litigation and move forward into this potential multi billion dollar market. The last line in the quote below is standard disclaimer phraseology.


From the most recent 10Q

"Coretec has actively communicated with NDSU/RF in order to determine what obligations are owed and what actions all parties are required to take, and will agree to take, in furtherance of the NDSU/RF Agreement. In connection with such objective, Coretec sent NDSU/RF a detailed communication setting forth, among other things, the basis for its belief that (i) the payment obligation was not due to NDSU/RF; and (ii) NDSU/RF does not have the right to enforce a default. As of the date of this report, there have been no legal proceedings initiated in connection with the NDSU/RF Agreement and Coretec continues to actively communicate with NDSU/RF in order to determine the path forward and/or satisfy outstanding obligations, if any, of the parties. However, no assurances can be made that the active communications between the parties will result in a resolution or that legal proceedings will not be initiated in the future. (see note 7)"