Replies to post #18513 on Coretec Group Inc (CRTG)

[BoomSoon]

OU and Victor were the “insiders” –

and please correct me if I’m wrong – and yes, the proceedings seemed very strange at the time, however, over time all was forgotten. You would think that yes, financing the prototypes was paramount and these were desperate times for the Company simply because of the chill in place, but, in your opinion, what purpose was served with the selling of their debt during these hard times? And what motivated Victor to serve up his own money recently to bail us out, so to speak?

[TedJ]

If you go back and look at the filings last June, I think you will see that IBC bought up 3D's debt, which was in default, from outside vendors and then sued 3D in a Florida court to set up the settlement agreement. 3D could not pay their bills so they were backed into a corner and forced to deal with IBC.

I'm just glad to see that they have worked things out and stop the bleeding with Keen's help.

[iamthe walrus]

It had to be done during the DTC chill.Toxics are the only option in some instances and the Chill puts the Chill on most institutional lending.The company had to have money to keep operating,nothinsg free, and thats was obvious to me it was nessasary to keep operations going also Hakki, George and others had to be paid.No one works for free.We cant lose him or George ,i think we all know that.3Dicon i dont believe could keep up with the compannies burn rate and needed additional capital to continue.With no positive cash flow and being in a DTC chill ,toxics were called upon to give us the money needed.I believe that to be the case.It had to be done ,no one else to go to .On top of that the chill killed the pps and thus the Market Cap and that causes additional problems in getting financing.Now i believe with the financial restructuring 3Dicon is in a better position with positve developements to bring the Market Cap back up which is very important in funding a company such as a research and developement company with no revenues or positive cash flow as of yet .I do believe 3dicon is getting much closer to being debt free!!