InvestorsHub Logo

twaflyer1

10/07/19 4:11 PM

#37490 RE: pegs1 #37489

Pegs. I guess that agreement was set-up before the association with NDSU? Our dear friend Kraft sure squeezed a lot out of Coretec Group? If that guy was a master of anything, it was the gift-of-gab, nothing more? I would liked to have been at the discussions between Kraft and NDSU, it sure would have been interesting? Did Kraft mention to them that he would only be working 7 days a month, I wonder? I also wonder what he Promised NDSU?

iamthe walrus

10/07/19 6:01 PM

#37491 RE: pegs1 #37489

https://ir.thecoretecgroup.com/all-sec-filings/content/0001144204-17-016610/0001144204-17-016610.pdf

https://ir.thecoretecgroup.com/all-sec-filings/content/0001437749-19-018490/0001437749-19-018490.pdf

Transition code A on Form 4 meaning the CEO recieved an option that is defined , Rule 16b-3 Transaction Codes
A ,Grant, award or other acquisition pursuant to Rule 16b-3(d)
20.4% of all transactions •

Pegs Read "explanation of responces" at the bottom of form 3 and the latest filing form 4 [url][/url][tag]insert-text-here[/tag] if you wish to get a better understanding of the agreement the agreement here in form 3 is that the CEO will be given a right to purchase shares at a set price when company milestones were met.This agreement says up to 50,000 dollars worth of stock and a bonus .The price was set at 0.041 which is the price the option to purchase was authorized on Aug 7, 2019. That would put the number of shares at about 1.2 million not including the bonus shares agreement .But the CEO was given a right to purchase 10,000,000 shares which far exceeds the original number.We dont know what the milestones accomplished were but i would think it would lead to some kind of an event that would be made public when they have completed whatever it is they are doing. It must be good though or the CEO wouldnt get an option to buy 10 million shares .