Coretec Group Inc (CRTG)

[razorback74]

I hope you all enjoyed the up day yesterday, because come monday, we may see some new lows. A proxy was just mailed out by the company that plans to do 3 things.

1. Increase the A/S from 750,000,000 to 1,500,000,000 shares.

2. Do a reverse split of either 1 for 15 or 1 for 25

3. Offer prefered shares in the amount of 25,000,000 shares.


This combined makes no sense. Why increase the A/S if you are doing a reverse split. The new O/S will be between 28,000,000 to 47,000,000 shares. Why is there a need to double the A/S. They should be dropping it to 150,000,000 shares. I hate to say it, but this company doesn't give a crap about the long term shareholders. The ones that have gotten them to this point.

I only have 11,000 shares left and I plan to vote NO. Unfortunately that will do no good in my opinion. Sorry for all of us that will lose out on this investment.