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Re: joesmithxx00 post# 42265

Monday, 03/18/2024 9:22:33 PM

Monday, March 18, 2024 9:22:33 PM

Post# of 43061
Well I believe it is just the spot where they split up the stock. Coretec currently has about 285 million shares outstanding. They will issue approximately 706 million more common shares, and also ten million preferred shares that are the equivalent of 150 common shares each. So the preferred shares are 1.5 billion common shares by themselves, then add the others and your OS (fully diluted) is about 2.5 billion shares. So Core Optics folks at 80% will account for 2 billion of those shares and Coretec 500 million. In the end, it's all one company right? What matters is the float! All these new shares issued are subject to the lock-down agreement for six months, and shares issued to Core Optic insiders I believe are locked down for a year. So after the deal is complete, is the float any different than it is today? I remember someone saying the float is probably about 120 million shares, and I remember that the transfer agent reported that Coretec had about 1600 individual shareholders. All of a sudden, Coretec is going to become a company with revenue (based on the Core Optic CCM equipment sales) and there's only going to be 120 million shares available? Who's going to sell theirs for 2 cents??? Not me. Who's going to sell for 20 cents, not likely me. Who's going to sell for 50 cents? Now I want to know what the Core Optics sales numbers are and I'll think about it. Maybe that's not how this works, let me know!
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