News Focus
News Focus
icon url

iamthe walrus

04/20/26 9:15 AM

#46155 RE: Juststoppingby #46154

It was obvious a while back that Coretec was not going to be considered for the position again to be the largest shareholder of DKME. The team that was going to run DKME and build giga factory fell through because of many different factors to go over and over again .
Coretec does have a CCM business and i think we have to be thankful we have one business that has some revenue to build on. With all the cards and focus on DKME / CCM business and a company that was going to have over 100 million in revenue Endurion and C-Space took a back seat as they were not generating revenue now and so all the effort was on securing DKME and growing the CCM business .
There is no indication that they spent any energy on Endurion as that still an R&D division of the company as was C-Space. If they could have gotten the DKME business then they would haver money to put into growing Endurion. I hope they provide proof they have ben working on Endurion but i would'nt be suprised if its been on the shelf while they tried to build a revenue generating business first since it required a lot of money to do both Endurion . We dont even know how much the CCM business has made as without the DKME revenue i dont think they could exspand the CCM business . In the ec 4 2024 press release they said the had over 40 employees and 40,000 square feet of manufacureing space but in the KoDATA report which was updated and had the correct numbers showed that in Feb 28 2026 the numbers of employees at Core Optics llc in Korea was 29 and they had moved the business to another location in November of 2025. So they obviously downsized the buisiness by cutting employees by about 25%.
I can say one thing we have gotten good at navigating the Korean business filings etc... Its been an interesting journey and we've learned a lot . Now lets grow the business in a new direction if needed through whatever means they choose and create value for all shareholders.
The 3 board menbers at CRTG just left right before the new largest shareholder was announced thats over with and i think moving on is good as well . We have the CCM business so the question is what now ...new roadmap hopefully announce soon new board members should be coming in to replace the other guys. I can say this we are all used to the ups and downs of a small R&D company for years but its good to see the new management has been connecting and trying to connect us with revenue generating businesses and they obviously have BIG ideas . I like that just keep thinking big !
icon url

iamthe walrus

04/20/26 9:34 AM

#46156 RE: Juststoppingby #46154

I still want to follow what happens as this process plays out to the final closing on this deal as far as our former 3 CRTG guys and their status on the board at DKME . Im not sure if they have have ruled on all of the lawsuits yet and will they file another lawsuit as far as their board status .
Also through all of these CRTG , Kib Plug , DKME business involvments does Coretec feel that there has been any done that was illegal or where international law was not followed and that their rights were violated in any way or do they feel that they were defamed ect... where they would or someone personally would seek damages as this corporate control contest did get nasty in the courts and media . They drug Coretecs name through the mud at times and i think CRTG was misinterpreted at times as being the bad guys , Corporate raiders they called Coretec frauds , an illegal entity, paper companies etc which was a total misrepresentation of who Coretec was . The misinformation campaign was in full swing against CRTG.