Coretec Group Inc (CRTG)

[elleryqueen]

The management at TDCP stated in the last 10K that they wanted to forgo funding of TDCP from the sale of shares, .i.e. the r/s. On page 8 of the 10K they indicated they needed $2.5M over the next two years. They indicated that they believed they could fund TDCP via. grants and other methods. It would appear that they are certain that additional funding will be forth coming. It is likely we will be hearing some additional news soon. Maybe Boeing, etc. will open up their wallet. Without question this is a bullish signal.


From Page 8 of the March 31, 2011 10K:
“Our capital requirements in connection with our development activities and transition to commercial operations have been and will continue to be significant. We will require approximately $2.5 million additional funds over the next two years to continue research, development and testing of our technologies, to obtain intellectual property protection relating to our technologies when appropriate, and to improve and market our technologies. There can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all.”