Replies to post #42623 on Coretec Group Inc (CRTG)

[Testpilot]

Total volume from 3/26 to current is 31 million
Probably need cash, some offering, or salary paid via shares dilution. It could easily be they need some cash to complete the merger. It's a complex process and attorney’s fees add up.Hopefully we have another filling soon.

[Juststoppingby]

I am not sure.
Armistice Capital Master Fund Ltd or Diversified Alpha Fund/Mollitium Investment Management may be exercising their pre-funded warrants. It also might be what Testpilot noted: the company needs money; they only had a little over half a million in cash at the end of 2023. We will find out if that is the case soon.

[iamthe walrus]

No shares have been added to the outstanding share count . Its still 301 million as stated in the last 10K .

( 10 K > As of March 21, 2024, the issuer had 301,368,572 outstanding shares of Common Stock. ) There have been no SEC filings to change that . Armistice is the one dumping as they own the pre funded warrants .
They last received shares Feb 12th 2024 , 14 million plus , according to the 10K . We traded about 14 million shares in 6 trading days . Simon Carltons group cannot sell shares without filing a notification by SEC rule . There have been no SEC filings . Armistice had 23 million shares upfront they sold a while back then the 52 million pre funded warrants which they have been selling . They are a 7 billion dollar hedge fund they are not going to hold these pre funded shares in a R&D penny stock .We just need big demand for CRTG and there is none at this point . It will take a revenue generating company , which the new company will be , to create more demand as we all know R&D companies trade just exactly as CRTG is trading . Dont try to read to much into the selling its very simple low demand for the stock and Armistice is selling millions of shares . They get 82 million shares , warrants , at .08 cents with some restrictions its all listed in the filings on the 6 million dollar private placement , thats where they hope to make money , or a profit in this investment. Also the company that closed that deals execs got total about 3.5 million shares you can look it up . You have to remember Dennis Anderson out of NDSU who started Coretec got 10 million shares and was at one time on the board but resigned years ago . But i beleive Armistice is the one dumping shares but must be getting closer to selling all those pre funded warrants as they go very fast at these price levels . Look for SEC filings after March 21st 10K release for added shares to the outstanding share count if there are non thats means CRTG still sits at 301 million OS count pre merger completion .