Replies to post #44229 on Coretec Group Inc (CRTG)

[skitahoe]

I'm amazed to find all the information investors here are able to piece together. The problem, as I see it, is that the value of all that the company appears to be building isn't found in the stock price because they're not making clear statements about all they're doing.

I believe their goal is still ultimately getting on a major exchange, but that's not possible until they actually make a clear statement of what the company represents, and what its future plans and goals are for achieving it.

Gary

[Juststoppingby]

Zygle Secondary Battery Division, ZEI Energy Solution
From the Zaigle quarterly report November 12, 2024

XI. Other Matters Necessary for Investor Protection

4. Other matters, such as major matters that occurred after the base date

“B. For the purpose of building secondary battery manufacturing facilities and research facilities, the Company acquired land, buildings, machinery, and structures located at 440-9 Mogok-dong, Pyeongtaek-si, Gyeonggi-do from CM Partner Co., Ltd. for KRW 7.4 billion, which was also an important asset transfer equivalent to 12.68% of the total assets as of the end of the most recent fiscal year. (Refer to the Disclosure of Major Matters Report (Decision on Transfer of Tangible Assets). 2022.12.28)
As of the date of submission of this report, we are reviewing the efficient use of the acquired assets, and we are preparing to use them as facilities for pilot production, which are small compared to the required mass production quantity, and we are considering plans to invest in or relocate them as facilities in Korea or overseas (such as the United States) to be used to reinforce the company's engineering technology.

C. On July 27, 2023, the Company entered into an agreement to make an in-kind investment in the machinery and equipment it owns to ZAICELL JV LLC and to acquire the investment shares of ZAICELL JV LLC in return.
The investment in ZAICELL JV LLC is the acquisition of equity in machinery and equipment, and the Company makes an in-kind investment in the machinery and equipment owned by the Company, and in return, the Company acquires a 30% share in ZAICELL JV LLC.
The fair value of the in-kind invested assets recognized by ZAICELL JV LLC is USD 15,000,000, but the Company has recognized KRW 564,787,000 as related investment shares, after removing the unrealized gains from the in-kind investment.
(Refer to the Disclosure of Key Matters Report (Decision on Transfer of Tangible Assets). 2023.7.28. 2023.08.22)”
https://investorshub.advfn.com/uimage/uploads/2024/12/2/rbiduScreenshot_2-12-2024_133423_dart.fss.or.kr.jpeg


Zygle Secondary Battery Division, ZEI Energy Solution