Replies to post #45578 on Coretec Group Inc (CRTG)

[iamthe walrus]

why to do think that Coretec is over or started DKME Inc ? Corwetec doesnt own have the 52 million shares in DKME Co ltd through DKME Inc . DKME Inc is run by Quantum Wealth management and DKME Inc started just a few months ago. At this point Coretec doesnt own DKME Inc or Quantum Wealth . I dont see a concection to Coretec owning the shares in DKME Co Ltd . They have had affiliation with QWM who bought the Series D shares from Coretec .
Lets dig the all the filings again to see where Coretec still owns those 52 million shares in their name in DKME Co Ltd or show that Coretec has a stake in DKME INC /or QWM. At this point i dont see CRTG being the largest shareholder of DKME Co Ltd through ownership of DKME INC and QWM. QWM said they were selling their interest in. DKME CO LTD in that letter a few weeks ago to someone that had no previous ties to DKME CO LTD .
I do see CRTG people are still on the board of DKME CO LTD . Coretec did exchange those shares of DKME CO LTD for the Series D shares with QWM . But we didnt own QWM . None of our people are listed at QWM on QWMs website. https://www.qwm.llc/

DKME Taskforce Team
[e-mail]

Open Letter (July 1, 2025) | Updates Posted Daily?

Subject: Official Statement from Quantum Wealth Management LLC Regarding the Proposed Change of Control in DKME Co., Ltd.


Dear Shareholders,

This document is intended to clearly convey the official position of Quantum Wealth Management LLC, the controlling shareholder of DKME Inc., which is the largest shareholder of DKME Co., Ltd. (formerly KIB Plug Energy Co., Ltd.), regarding the approval of a proposed change of control in DKME Co., Ltd.

We are a U.S.-based investment entity established under the laws of the State of Delaware. As a responsible financial investor, we made our investment in DKME Co., Ltd. based on an assessment of its growth potential and strategic value. This investment was made entirely with internal capital—without any external borrowing, collateralization, or encumbrances—and was undertaken not to pursue control or short-term gains, but with a view toward long-term growth and value enhancement of the company.

Nevertheless, we express deep regret over the current situation in which unfounded suspicions have been circulated regarding our legitimate investment activities. In some instances, these have escalated to malicious distortions, portraying us as the party seeking the company’s delisting. We must firmly clarify that such claims are entirely false. In reality, should a delisting occur, we would be the party to suffer the greatest financial harm.

From a legal perspective, the current matter involves the following critical issues:

First, the presumption of innocence is a fundamental principle enshrined in Article 27 of the Constitution of the Republic of Korea, the 5th and 14th Amendments of the U.S. Constitution, and Article 6 of the European Convention on Human Rights. Any unilateral sanctions against individuals or entities without proof of wrongdoing clearly constitute a violation of constitutional and legal rights.

Second, under the principle of property rights protection—reflected in Article 23 of the Korean Constitution and corresponding U.S. constitutional guarantees—any infringement on the rights of private investors without due legal process or compensation is a violation of both domestic and international law.

Third, Chapter 11 of the Korea-U.S. Free Trade Agreement (KORUS FTA) clearly stipulates fair treatment of investors, free transfer of capital, prohibition of forced technology transfers, appropriate compensation in cases of expropriation, and access to international arbitration (ISDS). These protections apply equally to U.S.-based investors such as ourselves.

Fourth, while we fully understand and respect that the Korea Exchange (KRX) has a regulatory role in maintaining corporate transparency and market stability, we respectfully suggest that such measures be taken with heightened procedural caution when based solely on unsubstantiated allegations. In particular, actions as consequential as delisting must be based on verified facts and objective standards in order to maintain the trust of the broader market.

Furthermore, we are concerned by the implication of delisting conveyed in certain recent correspondences from the Exchange, and by indications that illegal demands may have been presented as preconditions for resumption of trading. These may constitute unconstitutional demands and serious legal violations, not only against our company but also against over 14,000 shareholders.

Additionally, the request for submission of a complete list of investors in our fund is in direct violation of U.S. federal and state laws, as well as the confidentiality provisions in our Operating Agreement and Subscription Agreement. In particular, jurisdictions such as California impose extremely strict requirements for the protection of investor information, and unauthorized disclosure may result in significant civil and criminal liability.

Despite this, due to increasing misunderstandings and pressures from certain minority shareholders and external stakeholders, we feel it is necessary to formally express our current position after careful consideration.

At present, multiple interpretations and claims are circulating, giving rise to concerns over whether legal consistency and internationally accepted investment protection standards are being adequately observed. As such, we are seriously evaluating how best to fulfill our responsibilities as an investor. We are now at a critical decision point: whether to continue pursuing our legal rights to the end, or to prioritize shareholder protection and the company’s viability by facilitating a structured and cooperative exit.

Moreover, the growing suspicion and withdrawal requests from some minority shareholders are significantly undermining our confidence and willingness to continue. As a result, the legal and psychological burdens we are forced to bear in our efforts to protect the interests of the broader shareholder base are becoming increasingly unsustainable.

In this context, we are prepared to cooperate in the process of a change in control—under the condition that such cooperation ensures the protection of all shareholders, the recovery of our investment capital, and a fair and orderly transition. These conditions do not represent special or excessive demands. Rather, they reflect internationally recognized investment standards and legal rights, and would be reasonably expected by any responsible investor under comparable circumstances. This approach is also foundational to preserving market predictability and investor protection. Additionally, we wish to clarify that at no point has our company ever requested or referred to any ‘control premium’ in connection with our investment. Any suggestion to that effect is entirely unrelated to our official position.

We therefore respectfully propose the following conditions:
1. Clear and Guaranteed Recovery of Our Investment Principal

This is a fundamental principle of investor protection and a core requirement for ensuring legal and contractual stability. Failure to recover funds invested in accordance with valid agreements would severely damage market trust and hinder future domestic and foreign investment.

2. Selection of a New Controlling Shareholder through a Transparent and Fair Process

The stable transition of control through open procedures is essential for market predictability and governance continuity. Non-transparent transfers could cause sharp volatility, destabilize minority shareholders, and damage the Exchange’s regulatory credibility.

3. Formulation of a Restructuring Plan by an Independent Board Trusted by Shareholders and the Exchange

This is central to improved corporate governance. An independent board, free from past entanglements, is essential to protecting shareholder rights and enabling long-term recovery.

4. Guaranteed Prior Consultation and Consent at Each Stage of the Transition

As a major investor with clear legal rights and interests, we must be consulted in all material matters. Excluding us from the process may raise legal enforceability issues. Prior consultation is the basis of procedural fairness and contractual integrity.

Quantum Wealth Management LLC remains committed to acting as a responsible investor with both legal and ethical integrity. We are open to constructive engagement with the Korea Exchange, DKME Co., Ltd., and all stakeholders. We sincerely hope this matter will be resolved in a manner consistent with international norms for investor protection and corporate accountability.
Thank you.
July 1, 2025

“ DKME Taskforce Team

[e-mail]


Open Letter (June 28, 2025) | Updates Posted Daily?

Cooperation to Preserve DKME’s Listing, Legitimacy of the
Acquisition Process, and Protection of Shareholder Rights

(July 2025)

Dear Fellow Shareholders,

First and foremost, we extend our sincere gratitude to all shareholders. Because opportunities to meet you in person have been limited, we are using this letter to share a transparent update on the ongoing major-shareholder eligibility review with the Korea Exchange (KRX) and to outline our corresponding response plans.

Situation Overview & Background
DKME has recently faced a significant threat to its long-term viability and shareholder value due to the dishonest and unlawful conduct of certain members of management. These individuals have deliberately distorted the legitimate investment objectives of our majority shareholder, Quantum Wealth Management LLC (“QWM”), filed unfounded materials with KRX, and colluded with third-party acquirers to manufacture an entirely baseless “major-shareholder eligibility” controversy.

Incredibly, they even spread the patently false rumour that DKME itself—despite being the party that would suffer the greatest harm—was actively pursuing its own delisting, prompting KRX to initiate a substantive delisting review and dramatically increasing potential losses for both the Company and its shareholders.

They have prepared the “improvement plan” unilaterally, bypassing the Board-approval process, and are now attempting to submit the final documents on their own authority. Further evidence indicates an effort to sell the Company to an unverified third party for private gain. Such conduct represents a grave breach of directors’ duty of loyalty under the Korean Commercial Act and a direct violation of the Capital Markets Act’s prohibitions on unfair trading, amounting to serious self-dealing that threatens to inflict substantial harm on DKME shareholders’ assets.

DKME and QWM will neither tolerate nor overlook these abuses. We will pursue all available legal remedies—criminal complaints and civil actions for damages—to hold the responsible parties fully accountable. We will also convene a shareholders’ meeting, move to dismiss the offending directors, seek injunctive relief where necessary, and furnish KRX and the Financial Supervisory Service with additional evidence demonstrating that no grounds for delisting exist. In coordination with all stakeholders, we will retain leading external legal and accounting advisers to overhaul internal controls and enhance transparency so that the Company can be stabilized and shareholder value preserved.

Investment Structure & Major-Shareholder Review History
Initial Indirect Exposure: In late 2024, QWM invested in Series D preferred shares of The Coretec Group Inc.(“CRTG”), thereby gaining indirect exposure to what was then KIB Plug Energy—now DKME Co., Ltd.
KRX Scrutiny: Early 2025, during its major-shareholder review, KRX questioned QWM’s eligibility based on CRTG’s delayed SEC filings, an issue unrelated to DKME.
Exchange Option Exercised: QWM exchanged all CRTG preferred shares for 52,862,216 DKME common shares, surrendering dividend and liquidation preferences to become DKME’s direct common-shareholder of record (22.3 % stake). QWM then formed DKME Inc. (Delaware) and contributed the entire stake—US $21.75 million—into that entity, even offering a three-year lock-up.
Capital Provenance: DKME Inc. is wholly owned by AOSSF I Fund, managed by QWM. Full banking records from U.S. and Korean institutions have been supplied to KRX.
LP Confidentiality: Certain parties demand public disclosure of all Fund LPs—an action prohibited under U.S. law (Investment Company Act §§ 3(c)(1), 3(c)(7); Delaware RULPA § 17-305). DKME Inc. and QWM will not violate U.S. statutes or investor-confidentiality covenants; a U.S. legal opinion can be produced immediately if required.
Should the executives responsible for the above disparagement and malicious distortion voluntarily resign and, in collaboration with external advisors, be replaced by a new management team capable of clearly presenting the majority-shareholder’s fair position to both the Korea Exchange and our shareholders—and accurately conveying our intentions—then, in full respect of South Korea’s regulatory framework and market sentiment, we will explore every option, including withdrawal of our investment or change of majority shareholder, to effectively support the preservation of DKME Co., Ltd.’s listing. Furthermore, we hereby confirm our readiness to promptly conclude negotiations in a form acceptable to the KRX.

That said, any withdrawal must ensure the full reimbursement of our invested capital and uphold all statutory rights afforded to us as the current majority shareholder under applicable corporate law.

1. Review History
Repeated, Biased Inquiries: Since May 2025, KRX has repeatedly requested explanations based on rumors, ignoring documents already provided.
Good-Faith Responses: We have submitted five formal replies demonstrating procedural legitimacy and financial transparency.
Lingering Uncertainty: Unofficial materials circulated by certain stakeholders have prolonged the review and fueled market speculation.
2. Our Position
Legitimacy of the Acquisition: The transaction complies fully with U.S. and Korean corporate and securities laws; all requisite filings have been made.
Protection of Shareholder Rights: Unsubstantiated allegations that threaten delisting severely damage shareholder interests.
Commitment to Transparency: All official communications and documents will be disclosed to shareholders to minimize uncertainty.
3. Response Strategy
Comprehensive Disclosure: We will provide shareholders with the entire correspondence exchanged with KRX—including letters, minutes, and inquiries.
Robust Legal Support: Leading international and domestic law firms have been engaged to counter baseless claims.
Enhanced Shareholder Communication: Regular online briefings and updated FAQs will keep investors informed in real time.
Contingency Planning: Should uncertainty persist, we are prepared to consider capital-structure adjustments or voluntary restructuring measures to safeguard the listing.
4. Demand for Immediate Cessation of Misconduct
We demand that the implicated managers cease all efforts to disparage the majority shareholder’s eligibility and to steer the Company toward delisting. Any further infringement upon shareholder rights will result in full legal and corporate action, and all Board resolutions—including minutes—will be made public to ensure accountability.

DKME remains steadfast in defending shareholder value through strict adherence to law and principle. No biased assessment or unfounded rumor will deter us from preserving our listing and maximizing enterprise value. We will continue to share every development promptly and accurately. For questions or comments, please contact the Compliance Team at [e-mail]—all materials will be made available upon request.
Thank you for your continued trust and support.

DKME Taskforce Team

[e-mail]”

[iamthe walrus]

Court Ruling or Decision on Lawsuit, etc. New filing today at Dart ..So what was the lawsuit all about to start ??? and why did Coretec file the lawsuit against Defendants: 1. Choi -hyun ( who is This guy ??? )
2. KIB Plug Energy Co., Ltd.

Perhaps they worked it out outside the courts between themselves ?? I noticed they just moved the shareholder meeting back 6 months , did this have anything to do with Coretec withdrawing the lawsuit whatever it was ?? Any ideas on this

1. Case Name: Company Litigation, Docket Number: 2025gahap10353
2. Plaintiff (Claimant): The Coretech Group
3. Details of Court Ruling or Decision: Plaintiff: The Coretech Group
Plaintiff's Attorney: Kang & Kang Law Firm
Defendants: 1. Choi -hyun
2. KIB Plug Energy Co., Ltd.

Regarding the above case, the plaintiff's attorney hereby withdraws the entire lawsuit at the plaintiff's request. 4. Rationale for court ruling or decision: Withdrawal of complaint
5. Competent court: Ulsan District Court
6. Date of court ruling or decision: 2025-08-14
7. Confirmation date: 2025-08-20
8. Other matters to be factored into investment decisions - The above "7. Confirmation date" refers to the date the company received and confirmed the complaint
? Related disclosure: 2025-04-30 Filing/application for lawsuit, etc. (Management rights dispute lawsuit)