Coretec Group Inc (CRTG)

[Clonefan]

Insider funding Red Flags!


From 10Q

On October 15, 2019, the Company received $106,483 ($125,000 net of $3,750 commitment fee, $6,250 advance interest and $8,157 legal fees), the first advance of financing under a $2,500,000 credit agreement (the “Credit Agreement”) and related convertible promissory note (the “Note”) that the Company entered into, on October 11, 2019, with Diversified Alpha Fund of Navigator Global Fund Manager Platform SPC, a Grand Cayman entity (the “Lender” or “DAF”). DAF is a mutual fund managed by The Carlton James Group (Carlton James”). Simon Calton is the Chief Executive Officer of Carlton James and also the Co-Chairman of Coretec.