Coretec Group Inc (CRTG)

[Juststoppingby]

One of DKME Co., Ltd.'s improvement-plan requirements is that DKME, Inc. sell its shares or demonstrate that it is not a paper company and be transparent (Ownership transparency).

On February 10th, a decision will be made to delist the company or return to trading.
I see three options:
1. Coretec becomes current with the SEC and resumes trading, then acquires DKME Inc., which must occur within the next two to three weeks.
2. DKME Inc. will sell its shares within the next few weeks.
3. It stays the same, DKME Co., Ltd. gets delisted, or they kick the can down the road (extended improvement period).

If option 1 is Coretec’s plan, that might explain why DKME Co., Ltd. was granted an 8-month extension of the improvement period on July 10, 2025. At that time, they would have been well over a month into becoming current, would have known how long it would take, and could have shown that to the Korea Securities Market Listing Disclosure Committee.

“… the Korea Exchange has decided to grant an improvement period until March 10, 2026, after deliberation by the Securities Market Listing Disclosure Committee (July 10, 2025), …”

1. Ownership transparency is a core listing requirement
KRX does not merely ask who is registered as the largest shareholder. It asks:
Who ultimately controls the shareholder
Whether beneficial owners can be identified
Whether control is stable and lawful
If DKME Inc. cannot verify its own owners, then:
DKME Co., Ltd. cannot demonstrate stable control
Auditors cannot rely on shareholder representations
Regulators treat the ownership structure as opaque and high-risk
That alone can block improvement-plan implementation.

2. “Paper company” status undermines governance credibility.
A shareholder with:
No operating business
No revenue
No employees or infrastructure
No verifiable beneficial owners are viewed as a control shell, not a legitimate strategic owner.
From a compliance standpoint, this raises red flags:
Who is actually exercising voting power?
Who bears fiduciary responsibility?
Who can be held accountable if representations are false?
KRX and auditors are allergic to this ambiguity.