Coretec Group Inc (CE) (CRTG) 시세

Trade data from yesterday at .0004
https://www.otcmarkets.com/stock/CRTG/overview

Walrus
So what’s Coretec’s position now with KIB Energy? Will this company merge with Coretec? Will Coretec’s management team take over this company? So apparently the company is still trading on Korean stock market right? Hopefully Coretec’s management team can clean up this situation & turn the company around….:.::

When’s the 10Q due?

We may receive news or a filing about Endurion battery technology being licensed/commercialized before they file the third quarter 10Q. 😊

There were 35 shares sold yesterday and 3 trades today, totaling 35,000 today.
https://investorshub.advfn.com/uimage/uploads/2025/1/30/ynmgkScreenshot_30-1-2025_81635_www.otcmarkets.com.jpeg
https://investorshub.advfn.com/uimage/uploads/2025/1/30/zbyfxScreenshot_30-1-2025_20304_www.otcmarkets.com.jpeg

One reason for the low volume is that market data is expensive, and broker-dealers don't want to risk legal consequences.

Someone bought for .0004 however, only brokers are making the trades as far as several on this forum know. Walrus and several others have tried including myself.
The brokers have a difficult time matching buy and sell orders, and they don't make any appreciable money executing the trade. As walrus posted recently:

" OTC overview of the Expert market rules At about the 5:10 point of the video he did say an investor could go to his or her beroker and do an unsolicited quote where you can go to your broker and said id like to BUT or Sell at a certain price and that quote can still be represented . Problem is brokers arnt allowing it as all of us have tried to do just what he said you would be allowed to do in this video at the 5 min mark . Brokerages obviously can opt out of placing trades on the expert market"

Does anyone know if someone bought for .0004 or if this was simply another sale, but at a slightly higher price.

I would suspect that it was another sell, but if anyone can buy, I'd like to know how.

Gary

https://translate.google.com/?sl=auto&tl=en&op=translate

Zaigles battery division website Zaiensol has expired . Perhaps taken down on purpose . I did find an article yesterday about Kib Plug Energys Kib PE buyinfg a 5% stack in Zaigle towards the end of 2022 because Zaigle was going to produce FLP batteries in the USA . The article said the stock , i think Zaigle , when up 4 times and KIB sold their stock , " As the market capitalization grew by about four times, it sold its stake, sparking controversy over a 'hit and run'. https://www.startuptoday.co.kr/news/articleView.html?idxno=341256

https://www.zaigle.com/

https://www.zaiensol.com/44

[Today's Economy = Reporter Kim Jong-hyun] KIB??????, ?????·???? '???'
??? ?? ???? ?? + ?? 2024.09.12 20:37 ?? 0

KIB Plug Energy is facing a crisis of management rights dispute and stock price decline. It seems that the management rights dispute that arose during the process of changing the largest shareholder is also increasing the resentment of minority shareholders.

¦ Former outside director Heo Seong-ho sued for embezzlement and breach of trust

According to the industry on the 12th, former outside director of KIB Plug Energy, Mr. Chun, sued KIB Plug Energy CEO Heo Seong-ho for embezzlement and breach of trust. Choi Soo-hyun, a new non-executive director who was appointed at the extraordinary general meeting of shareholders in July last year, was also included.

KIB Plug Energy submitted a motion to dismiss former outside director Cheon as an agenda item for the regular general meeting of shareholders in March.

Mr. Cheon filed a lawsuit for an injunction to suspend the effectiveness of KIB Plug Energy's board of directors' resolution and prohibit the presentation of agenda items, and the court accepted it. As a result, the dismissal did not proceed as planned.

¦ KIB Plug Energy stock price drops 44% since the beginning of the year

The management rights dispute between the CEO and outside directors is turning into a mud fight, which is also negatively affecting the stock price.

KIB Plug Energy stock price has fallen more than 44% since the beginning of the year. According to the semi-annual report, as of the end of June, there were 12,381 small shareholders of KIB Plug Energy, holding 59.01% of the total shares.

KIB Plug Energy’s largest shareholder has changed twice in the past year. In July of last year, it was changed to KIB Energy Infrastructure Holdings and KIB Family Blind, which acquired KIB Plug Energy’s old shareholders from Curocom, and then to Open Asia Company in June.

The former largest shareholder, KIB Energy Infrastructure Holdings, is the name of the private equity fund KIB PE.

KIB PE’s real-name stockholder, Kim In-seok, was turned over to the prosecution on charges of embezzlement and breach of trust at Easy Media, where he served as CEO. There are also concerns about the new business plans of KIB Plug Energy, such as secondary batteries and hydrogen fuel cells, that were announced last year.

KIB PE announced that it would purchase a 5% stake in KOSDAQ-listed Zygle at the end of 2022 and enter the lithium-phosphate-iron (LFP) battery business in the US, raising the stock price. As the market capitalization grew by about four times, it sold its stake, sparking controversy over a 'hit and run'.

Test Pilot
I’m just going to assume that the Korean court judge ruled in favor for Coretec. Since it’s been awhile since lawsuits were filed against KIB Energy. How long can Coretec afford to be in expert market ? This has to be affecting their business, customers and revenue! Praying that it end’s February 1!…….

Test Pilot
I’m just going to assume that the Korean court judge ruled in favor for Coretec. Since it’s been awhile since lawsuits were filed against KIB Energy. How long can Coretec afford to be in expert market ? This has to be affecting their business, customers and revenue! Praying that it end’s February 1!…….

Test Pilot
Do u know where on website to select to English? Everything of course is in Korean. I’ve looked everywhere to opt for English translation. But I can’t find it anywhere! Insane……

Test 🕵️
Thanks for the info!

Pegs1,

You can find that information at the following website: Just enter "KIB pug Energy" and choose which time frame you want to look up.

https://englishdart.fss.or.kr/

Walrus
What’s the update on the lawsuits against KIB Energy? Judge’s ruling?South Korea’s decision on trading? Thanks 🙏

It will be nice to see level 2 full of markets makers after they file the financials ...The expert market needs to be re-evaluated by the OTC because it looks like everyone takes their bat and ball goes home when the so called expert market is on the playing field . They just created it in 2021 .

One market maker , GTSX

Citadel Securities was also listing CRTG, but they have dropped them.

I'm trying everyday to buy and it's still locked out. Hopefully I can catch CRTG on the return to open market and pick up a huge bargain. Even if I don't get a bargain I'm happy with my current holdings. Either way I see CRTG as a long hold.

There is only one Market maker as i can tell... GTSX ...bid .0004 ask .0083 10,000 by 10,000..and they wont exucute trades for retail investors ...Its also to time consuming for a brokers to mess with the Expert market as they have to try to locate another unsolicited buyer / seller to execute a trade on the Expert Market and the trades may be very few and smaller orders and on top of that having to try to find another unsolicited buyer / seller to match them up on a trade is not worth the time spent to execute trades on the Expert market i have been told therfore no one wants to trade or be a MM on the EM. I learned that some companies may drop from 20 cents to .0004 on the first day on the Expert market due to a lack of market makers and lack of bid/asks on the EXMarket. Hopefully we get our 10Q out and we will get back to normal trading.

I tried through my Edward Jones advisor and he said EJ won't touch penny stock, even as a request for my own portfolio

No , You can sell if you wish to sell CRTG . You may get this notice : Etrade

By placing this order, you attest that you are not an Affiliate, Insider, or Control Person of the issuer and that the order is self-directed and unsolicited. You further attest that if you become an Affiliate, Insider, or Control Person of the issuer, you will cancel this and any other open order for this security. Please note that applicable rules prohibit publishing bid/ask quotations for this security and that last sale information may not reflect current market interest. Dealer spreads in OTC securities may be large and may result in substantial losses to you if the stock must be sold immediately. In some cases, there may not be a market for the security making it impossible to sell your shares. Only Limit orders are accepted for this security.

Walrus
Do u know the court date for the lawsuit against KIB Energy? Wondering when it’ll be resolved for Coretec. It would definitely help the share price if it were resolved by all means…..

OTC overview of the Expert market rules At about the 5:10 point of the video he did say an investor could go to his or her beroker and do an unsolicited quote where you can go to your broker and said id like to BUT or Sell at a certain price and that quote can still be represented . Problem is brokers arnt allowing it as all of us have tried to do just what he said you would be allowed to do in this video at the 5 min mark . Brokerages obviously can opt out of placing trades on the expert market

Retail investors can sell but if they do how would they choose a price to sell at ? By guessing . Since we cant see the bid/ask prices i guess you could call your broker and ask to see if they have a curret bid so you could out in sell order. As i have read retail investors can sell you just cant buy but some brokerages may not you sell pr their rules but the OTC Expert market rules for sell orders from retail investors in case they did want to sell but again not all brokers may allow it .

I tried buying at a limit price at .003 which it rejected like everybody else has said. Has anybody tried setting a limit slightly higher than that with a good until canceled and see if it stays or does it still reject it?

Likewise!

I'm moving money in anticipation of the open market return. I'm hopeful to catch a great deal on the way back up. Either way I'm buying or holding.

Everyone needs to hold their shares! Don’t sell them to the M&M’s……..

Everyone needs to hold their shares! Don’t sell them to the M&M’s……..

It has been several days, I will assume that no answer means that the good doctor is gagged.

The actual total is 13,384,000, but I rounded up. I’m a “half glass full” optimistic person. The https://www.otcmarkets.com/ website will show the latest information, so check it daily.

You can find this information by going to the investor tab on the Coretec website and opening the 8K fillings
“On December 17, 2024, The Coretec Group, Inc. (the "Company") entered into a Subscription Agreement (the "Agreement') with an accredited investor (the "Purchaser"), pursuant to which Agreement the Company agreed to issue and sell to the Purchaser in a private placement, an aggregate of 87,800 shares of the Company's designated Series D Convertible Preferred Shares (the "Series D Preferred Shares"), stated value $100 per share, each of which is convertible into shares of common stock (the "Conversion Shares"), par value $0.0002 per share, of the Company (the "Common Stock") at affixed conversion price of $0.015 per Conversion Share. Under the Purchase Agreement, the Purchaser has purchased an aggregate of 87,800 Series D Preferred Shares initially convertible into an aggregate of 585,333,333 Conversion Shares for an aggregate purchase price of $8,780,000.”

“ On January 9, 2025, The Coretec Group, Inc. (the "Company") entered into a Subscription Agreement (the "Agreement" with an accredited investor (the "Purchaser"), pursuant to which Agreement the Company agreed to issue and sell to the Purchaser in a private placement, an aggregate of 46,040 shares of the Company's designated Series D Convertible Preferred Shares (the "Series D Preferred Shares"), stated value $100 per share, each of which is convertible into shares of common stock (the "Conversion Shares"), par value $0.0002 per share, of the Company (the "Common Stock") at affixed conversion price of $0.015 per Conversion Share. Under the Purchase Agreement, the Purchaser has purchased an aggregate of 46,040 Series D Preferred Shares initially convertible into an aggregate of 306,933,333 Conversion Shares for an aggregate purchase price of $4,604,000.”

Test 🧑‍✈️,
Where did you find the 14million series D shares sold at?Where Would the announcement of resumed trading be listed? Thanks for the info. This maybe a glimmer of hope!…….

Quick Shift,
I agree , they could’ve have seen this coming & been prepared with more accountants & auditors! Now we could potentially have to wait 6 more month's! Who knows how longer? Is this what supposed top notch management team has to offer? Yet still no update on the battery data! Do we have a legitimate battery anode? Inquiring investors would like to know………

I would just say that if things are not going well, not filing quarterly's lets them not talk about it. How much more time would you give them before concluding things are not right? Perhaps they should spend some of the proceeds from the preferred D shares sale for additional accountants.

For all intents and purposes this is no longer a publicly trading stock. It won't be until it's caught up with it's financials. 97% of it's market cap was lost in a tiny market sale where clearly the MM's were taking advantage of the seller.

I really don't know if a call to Fidelity would permit me to buy, or not. I only checked to see what would happen on-line. Until such purchases are normal in that matter the MM's can keep playing their games. If you're permitted to buy with a limit order, you may get your price. If you put in a market order you may find you just paid $1 a share, and all our portfolios would show a huge gain, if that were the last trade of the day. It's all meaningless until the stock is freely trading, which means that financials must be filled.

Gary

Also, the longer they remain SEC noncompliant, the lower their average yearly trading volume will become. They need over a million in average trading volume for the past 12 months to enter NASDAQ.

I agree with you that in the third quarter of 10Q, the only thing that needs to be included is what happened before the end of September. I would consider it illegal to include any financial events, such as earnings, that happened afterward.
The longer this takes, the more I believe they like the cover afforded by having gone dark.
Staying in the dark/SEC non-compliant world hurt their ambitious goals. I am sure they want to become compliant ASAP.
On top of that, the market cap collapsed on Friday. Market Cap $332,230 01/24/2025.

Two different series D Shares buys on Dec 17th and Jan 9th for about 14 million total. Something good is happening. Expert Market was anticipated as Coretec said filing would be late . I've been anticipating this for some time and have been waiting for it ..next step the filing comes out, and at some point trading resumes..watch the open on that morning.

From Mar 06, 2024, 8-K Share Exchange Agreement.

3.6. Financial Statements.

(a) The Company is in the process of preparing and providing to the Parent a copy of its unaudited consolidated financial statement for the fiscal period ended December 31, 2023 and, to the extent necessary, December 31, 2022 (the “Company Financial Statements”), which the Company shall cause to be audited by a duly registered PCAOB audit firm. The Company Financial Statements shall be prepared from the books and records of the Company in accordance with GAAP applied on a consistent basis throughout the period indicated.

https://investors.thecoretecgroup.com/node/8371/html

Converting and auditing financials can take several months to over a year.
They started this process when Coretec and Core Optics entered into a Share Exchange Agreement on Mars 1, 2024.

Converting from South Korean accounting standards (K-IFRS or Korean GAAP) to U.S. Generally Accepted Accounting Principles (US GAAP) can be quite complex. Here are some key points to consider:

Complexity
1. Differences in Principles: K-IFRS and US GAAP have different underlying principles and rules. For example, K-IFRS is more principle-based, while US GAAP is more rule-based.
2. Valuation Methods: There are differences in how certain items are valued, such as inventory, property, plant and equipment, and financial instruments.
3. Disclosure Requirements: US GAAP often requires more extensive disclosures compared to K-IFRS.
4. Tax Implications: Changes in accounting methods can have tax implications that need to be carefully managed.

Time Required
The time required to complete the conversion can vary significantly based on the size and complexity of the company's financials, but it generally takes several months to over a year. Here are some factors that influence the timeline:
1. Initial Assessment: Understanding the differences and planning the conversion process.
2. Data Collection and Analysis: Gather historical financial data and analyze it under the new standards.
3. Implementation: Adjusting accounting systems, processes, and policies to align with US GAAP.
4. Training and Communication: Ensuring that staff are trained on the new standards and that stakeholders are informed.
5. Audit and Review: Having the new financial statements audited and reviewed by external auditors.

Do you interpret that as a good thing or a bad thing? Do you think they're being ominous and distressful to investors or cooking up something good for all?

Already tried that and the answer was no.

The 10Q we are waiting on is for the third quarter ended last September. Nobody had heard of Kib Energy at that time, and those dealings would be reported in the annual report for the fourth quarter ended last month. The annual report normally would be out in the middle of March, but this isn't normal. The longer this takes, the more I believe they like the cover afforded by having gone dark.

Maybe call them and see if they can place it manually for you...

“ Required Financial Standards
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.”

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/

Test Pilot & Walrus,
I wonder how many years does Coretec want to go back to add KIB Energy earnings? That could take awhile to translate from Korean to English …….

I've tried to place a buy at Fidelity. I was permitted to fill everything in before being told that the transaction is not permitted.

Gary

What I'd love to do is buy as it goes back up. Where will they announce trading is back up or will it be a surprise?

Juststoppingby,
How long on average would it take to do an audit? Thanks