Replies to post #42794 on Coretec Group Inc (CRTG)

[Quikshft]

I'm not concerned at this point, the audit and other DD is likely complete by now. If there are delays, I suspect it will be on account of the part that the SEC is involved in. The Mandatory Conversion Event (aka reverse split) must occur but if there is delay it appears the date is 'automatically' extended by sixty days. Without the Mandatory Conversion Event and Capitalization Adjustment the deal does not close. I would just like that the 60 day extension not be required - let's get on with it.

10.4. Termination and Rescission Option. So long as all parties hereto cooperate in good faith to take all actions necessary to effectuate the Mandatory Conversion Event, which by execution hereof all parties agree to do, in the event the Capitalization Adjustment is not completed by which date shall be automatically extended by sixty (60) days in the event Parent is actively proceeding with the SEC or any other applicable regulatory body to effectuate the Mandatory Conversion Event, at the sole option of the majority holders of the Exchange Consideration, this Agreement will be terminated and rescinded. Upon exercise of the option to terminate and rescind, the Members shall surrender for cancellation all Exchange Consideration and Parent shall surrender and return Membership Interests to the Member. All actions taken pursuant to this Agreement, including the appointment of officers and directors shall also become void, ab initio, and the Company and Parent shall cease to be a consolidated company.

[iamthe walrus]

Core Optics became a company July 19 , 2024 then according to Matt Kappers in the shareholder call CRTG started talking to them the very next month in August 2024 . Core optics was a private new company which didnt put out anything much about their operations except for the names of some companies they have partnerships and affiliations with. They probably entered into an immediate NDA aggreement with the Coretec Group so things were very quiet and then the merger share exchange aggreement March 1 2024 and nothings really allowed to be put out now . So no one knows much about the details of Core Optics like revenue , purchase product orders, expected revenue from those , details about their partnerships with the companies they work with listed on the shareholder call . So as soon as this closes i expect a lot of news releases detailing these relationships and forward looking statements and revenue talk and maybe a shareholder call with much info as well from that . Press releases with names that what will be CRTGs relationships with as they listed them on the recent presentation : Apple , Samsung , LG Innotek , SK hynix , Meta , Texas Instruments , Analog Devices , SONY , HYUNDAI , Ford , KIA , LUCID , ZOOX , NVIDIA . 14 major companies !! Weve been waiting for the news CRTG has entered into just one good partnership now we are going to have 14 major partnerships and an established product line thats started 20 years ago and revenue !!! Oh i forgot and 90 patents !!!
And the stock is only 2 cents right now ..i think that is going to change after the close of this merger .