Coretec Group Inc (CRTG)

[Clonefan]

CEO Kraft lied in 5/3/18 letter to shareholders!

Four months later and no new manufacturer was ever announced. Now they are looking for a new one per recent fluff trade show PR! Watch out for Kraft's misleading and vague "near term" comments! He now has a history of lying to shareholders! IMO


https://d1io3yog0oux5.cloudfront.net/_0b61ae24f4d5c7cdf24503f60053e486/thecoretecgroup/db/216/1355/pdf/CEO+Letter+FINAL+for+distribution+2018+05+03.pdf


Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of that partnership will soon be announced, and Coretec is confident our new CHS suppler will
provide us with high quality, high purity CHS quickly, and we will attain superior application results in our customer partnering efforts.

As projected earlier, we anticipated revenues from CHS efforts by this quarter. Due to delays in the efforts with NDSU we did not hit those targets, however, with the ability to secure high level CHS from our new CHS manufacturing partner we are aggressively continuing our efforts to achieve revenue and secure partnerships in the near term. CHS remains a highly desirable advanced material that can provide superior cost and performance to many applications and we remain committed to working with potential partners to secure that value for our shareholders.