He owns Bayside Materials and im sure he is very busy with multiple things . leaving the board at Coretec im sure required time for some meetings etc.. i would bet that its more of a time conflict with his business as it states in the filing. He is still the Senior Consultant at Coretec but doesnt have board meetings and other responsibilities required of board members. My Dad was on the board of a large company at one point but took himself off the board because he needed more time for his own business dealings. The board meetings and responsibilities each month became difficult time wise with his own time schedule and business dealings within that same company . Doug Freitag was very successful at Lockheed Martin and other places . Its good to see hes still on the team at Coretec as the senior consultant but just dropping off the board is not going to slow down Coretecs progress one bit. This is no big deal going forward. Hes great at Government funding and can still advise on that and any topic needed. This is no big deal .
Effective January 12, 2023, Douglas Freitag resigned as a member of the Board of Directors of The Coretec Group Inc. (the “Company”). Mr. Freitag will
continue to support and advise the Company in the capacity of senior consultant. Mr. Freitag’s resignation was not as a result of any disagreements with the
Company’s board of directors or management, but to allow him for sufficient time to commit to his primary business.
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