Replies to post #35207 on Coretec Group Inc (CRTG)

[Clonefan]

The Coretec Group (TURD) More Dilution Coming

At this point we are moving forward rapidly in pursuing the Coretec opportunities involving the exploitation of its exciting patent-protected silicone-based technology and the commercialization of CSpace. We have been advised that future funding of those opportunities will be adversely affected by having a sub-penny stock price. Many funding sources, including some venture capital firms, hedge funds and private equity groups and have restrictions in their funding options regarding sub-penny stocks. In addition, any funding secured at the current stock levels would be highly dilutive to our shareholders.

This is hilarious! They won't even be close to meeting the requirements of these exchanges after the reverse split.

Ultimately, the Company hopes to move to NASDAQ or NYSE Exchange listing. The Reverse Split could be a first step in that direction.