Coretec Group Inc (CE) (CRTG) Share Price

Why is CRTG delinquent in their SEC filings? Any idea when it should be expected?

5 trades today.
https://investorshub.advfn.com/uimage/uploads/2025/1/24/inygpScreenshot_24-1-2025_14177_www.otcmarkets.com.jpeg
https://www.otcmarkets.com/stock/CRTG/quote

My mistake, meant to post 500 thousand in earnings.

Thanks for posting the links. A good review of what's going on.

This is another lawsuit that KIB Plug Energy's new management filed on January 8, 2025, against the old management for embezzlement.
I don't think any of those lawsuits will delay Coretec from acquiring more shares in KIB Plug Energy.

Image 1:
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Image 2:
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Image 3:
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Image 4:
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https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250108800791

Coretec team, now the KIB Plug Energy management, wants to suspend Debtor: Choi ?? Other Non-Executive Director.

Plaintiff (Applicant) The Coretech Group
Creditor : The Coretech Group
Creditor Litigation Representative : Attorney Kang Young-joon, Attorney So-Young
Kang Debtor : Choi ?? Other Non-Executive Director

Purpose of Application
1. The debtor's duties as a non-executive director of the above company shall be suspended until the judgment in the case of the removal of the director of the creditor's debtor and KIB Plug Energy Co., Ltd. is finalized.

2. The cost of litigation shall be borne by the debtor.

I am seeking a decision.

Correct.

The filing that you are mentioning is Coretec filing. (Application for Temporary Injunction to Suspend Execution of Duties)
https://investorshub.advfn.com/uimage/uploads/2025/1/16/vyqqmScreenshot_16-1-2025_73512_dart.fss.or.kr.jpeg

https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250115800525

Siar,

Here's the Exhibit 99.1 to substantiate the Numbers for KIB plug energy

https://investors.thecoretecgroup.com/static-files/01d459aa-ffda-4046-9f32-3547249e1b5f

ANN ARBOR, Mich., Dec. 04, 2024 (GLOBE NEWSWIRE) — via IBN — The Coretec Group, Inc. (OTCQB: CRTG) (“Coretec” or the “Company”) has
taken a decisive step toward global leadership in energy innovation with the acquisition of a controlling stake in KIB Plug Energy Co., Ltd. (“KIB Plug
Energy”), a prominent KOSPI-listed enterprise in South Korea. This transformative acquisition, coupled with a strategic restructuring of its Core Optics
subsidiary and upcoming funding initiatives, solidifies Coretec’s status as a global powerhouse in energy and technology. KIB Plug Energy operates across
53 countries, offering design, engineering and manufacturing services, as well as maintenance solutions for chemical and petroleum production plants.
Over the past five years, the company has maintained annual revenues exceeding US$70million, underscoring its financial stability and growth trajectory.
Strategic Leap: Acquisition of KIB Plug Energy
Coretec’s acquisition of KIB Plug Energy cements its position as the largest shareholder of the company, paving the way for breakthroughs in the energy
and industrial sectors. The transaction includes:
1. 17,957,581 shares, fully paid and deposited into The Coretec Group Security Account.
? Purchase Price: 8,500,000,000 KRW (US$6,041,222.46)
2. An additional 24,000,000 shares, to be acquired via a Share Purchase Agreement (SPA) with Open Asia Co., Ltd., KIB Plug Energy’s largest
shareholder.
? Contract Deposit (Completed): 1,560,000,000 KRW (US$1,108,742)
? Second Payment (Completed): 1,560,000,000 KRW (US$1,108,742)
Total Transaction Value: 15,600,000,000 KRW (US$11,087,420.04)
Grand Total: 25,660,000,000 KRW (US$18,237,348.51)
*Ongoing Negotiations:
? 34,000,000 shares (to be acquired from various shareholders).*
In alignment with this acquisition, Coretec secured US$8.37 million through a private placement of Series D Convertible Preferred Stock. The proceeds
were strategically allocated to acquire KIB Plug Energy shares, now held in Coretec’s securities account.
Financial Highlights of KIB Plug Energy (K-IFRS Audited) (USD)
Year Revenue Net Income
2022 $ 75,103,056 $ 8,017,058
2023 $ 97,547,974 $ 10,305,615
Growth YoY +29.9% +28.5

Perhaps the Filing or Application of Lawsuit that suspended performance of Coretecs management duties at KIB until this goes before the Judge for a final decision . It should go in favor of Coretec . Current most resent filing . They can still purchase stock in KIB as we just saw Jan 9th they picked up 10 million plus shares so at least they are actively purchasing Kib stock . This lawsuit court date filing and docket number was filied on Jan 1st . Things are still moving forward with KIB

Filing or Application of Lawsuit, etc. (Corporate Control Contest)
1. Case name Application for temporary injunction for suspension of duties Docket number 2025308
2. Plaintiff (claimant) Coretec Group
3. Details of claims Creditor: Coretec group
Creditor's attorney: Attorney Kang Young-jun, Attorney Kang So-young
Debtor: ???, Other Non-Executive Director

Purpose of application

1. Until the final judgment of the main case of the debtor's dismissal of directors against the debtor and KIBI PLUG ENERGY CORP., the debtor's performance of duties as Other Non-Executive Director of the above company is suspended.

2. The debtor shall bear the litigation costs.

We request a decision.
4. Competent court Ulsan District Court
5. Actions to be taken We will respond in accordance with legal procedures. 6. Date of filing or application 2025-01-15
7. Confirmation date 2025-01-15
8. Other matters to be factored into investment decisions - The above '6. Date of filing or application' is the date the applicant filed the application with the court.

- If there are any future progress or confirmed facts, we will disclose the relevant information.

This was the first filing below concerning being suspended from performing their duties until a ruling settled it in court .

Filing or Application of Lawsuit, etc. (Corporate Control Contest)
1. Case name Application for temporary injunction to suspend performance of duties Docket number 2024Kahap 10294
2. Plaintiff (claimant) Kim ? Tae and 1 other person
3. Details of claims Creditor: Kim ? Tae and 1 other person

Creditors' litigation representative: Law Office Corporation Taecheong

Debtor: Kim Seon-gi, Elbert Michael Ussery, Lee Jeong-min, Yoo Yeong-seon,
Heo Seong-ho, Jo Han-wook

Purpose of application

1. Until the final judgment on the main issue of the case of the cancellation of the extraordinary general meeting of shareholders held by KIB Plug Energy Co., Ltd. on December 13, 2024 by creditors Debtors Kim Seon-gi, Albert Michael Yusley, and Lee Jeong-min are suspended from performing their duties as inside directors of KIB Plug Energy Co., Ltd., and debtor Yoo Young-sun is suspended from performing his duties as an outside director of KIB Plug Energy Co., Ltd. 2. Debtor Heo Seong-ho is suspended from performing his duties as an inside director of KIB Plug Energy Co., Ltd., and debtor Cho Han-wook is suspended from performing his duties as an outside director of KIB Plug Energy Co., Ltd.

3. The application costs shall be borne by the debtors.
4. Competent court Ulsan District Court
5. Actions to be taken We will respond according to legal procedures.
6. Date of filing or application 2024-12-16
7. Confirmation date 2024-12-20
8. Other matters to be factored into investment decisions - The above '6. Date of filing/application' is the date the applicant filed the application with the court.

- The above '7. Date of confirmation' is the date the company received and confirmed the application.

- We plan to disclose related information when there are future developments and confirmed facts.

Here's the lawsuit I was referring to:

? ?? ?? (The Kotek Group)

"Filing or Application of Lawsuit, etc. (Corporate Control Contest)
1. Case name Application for temporary injunction for suspension of duties Docket number 2025??308
2. Plaintiff (claimant) ? ?? ?? (The Kotek Group)
3. Details of claims Creditor: ? ?? ?? (The Kotek Group)
Creditor's attorney: Attorney Kang Young-jun, Attorney Kang So-young
Debtor: ???, Other Non-Executive Director

Purpose of application

1. Until the final judgment of the main case of the debtor's dismissal of directors against the debtor and KIBI PLUG ENERGY CORP., the debtor's performance of duties as Other Non-Executive Director of the above company is suspended.

2. The debtor shall bear the litigation costs.

We request a decision.
4. Competent court Ulsan District Court
5. Actions to be taken We will respond in accordance with legal procedures. 6. Date of filing or application 2025-01-15
7. Confirmation date 2025-01-15
8. Other matters to be factored into investment decisions - The above '6. Date of filing or application' is the date the applicant filed the application with the court.

- If there are any future progress or confirmed facts, we will disclose the relevant information."
?Related disclosure -

They paid 610 won per share for the last 10,904,635 shares.
The following images show how much they paid per share for most of the shares they have acquired.
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https://investorshub.advfn.com/uimage/uploads/2024/11/26/l[humScreenshot_26-11-2024_9723_dart.fss.or.kr.jpeg

Just a matter of time before CRTG gets to 51% lawsuits were filed to delay LBO. You can read all about it on S Korea DART. Just plug in KIB plug energy.

https://thecoretecgroup.com/press-releases/the-coretec-group-secures-controlling-stake-of-multi-national-energy-company-with-over-us70m-in-annual-revenues-strengthens-board-and-introduces-global-expansion-plans/

If @Juststoppingby is right in post #44864, CRTG owns 22.31%.
That means that revenue and earnings do not apply to CRTG. It's just the group's revenue and earnings of which CRTG can show 22.31% in it's financial statements.

And something seems to be strange to me. How much did CRTG pay for these 22.31%? I don't know, perhaps something up to $10 million? That would be a valuation of $44.8 millin. That for a company with $10.5 million in earnings? That would be about 4.27 P/E. That seems to be much too cheap - perhaps by a factor of 5 to 7.
I don't know about CRTG's plans.

Lol, my mistake earnings. Multitasking is not always the best option when posting 😎

I believe the Series D Preferred shares are for South Korean investors because of the bank deposit information in the 8K filing on November 14. It is a South Korean bank. You want the money deposited into a US bank if you have a US investor.

"500 thousand in revenue"

???

I think the reason for going over the 150,000 Series D Preferred shares is that most are intended for South Korean investors, who will eventually convert their shares to KIB Plug Energy shares.

Not sure which lawsuit you are referring to.

Just a matter of time. Lawsuit is holding up the process.

CRTG 8K filing showing over 97 million in revenue for KIB plus energy and over 10.5 million in earnings for 2023 in USD after conversion from S Korean won. The CCM revenue is forecast to be 16 million for Core Optics and I’m pretty confident they’ll get 500 thousand in revenue

We draw the lines, and we cross them too.

They are already way over the 150,000 Series D Preferred shares.
“In total, no more than 150,000 shares of Series D Preferred Stock will be sold across the initial and any subsequent closings.”

They hold only 22.31%. They have a long way to go for 51%.
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Coretec is Core Optics, but they haven't acquired Plug Energy they are simply the largest shareholder. They aren't even close to 51% ownership if I remember the numbers correctly.

Where do you have the number about earnings from?

CRTG has acquired Core Optics and KIB energy plus. The combined revenue is over 100 million and the earnings are over 11 million. CRTG still has 10 million available for additional acquisitions

Yeah, we can pick up a million shares for $300.

Now I really would like to buy, but my broker does not allow me to.
Nevertheless the company's decision to grow by dilution avoidds organic growth. Organic growth creates value for shareholders, not buying company with new debt.

That's around $17.06?  Why?  Holding for the payout!  

The share price doesn't matter much while we are in the expert market, and the average investor has difficulty buying stock. Once the 10 Q comes out, the price will reflect that filing. If it is good, the stock price will increase, and people who sell now will have a hard time jumping back in.
When the third quarter 10 Q comes out, we will likely still be in the restricted Expert Market.

Yeah just saw that. Still cannot buy with Fidelity. Open on thinkorswim 16 dollar trade at open. The Best Buy available .0003 on at open or they couldn't have pulled it off. Looks like someone wants people to panic and sell now or when it starts trading again so they can buy low.

Can this get any worse?Good Grief!!!!……

CRTG $0.0003 Volume 56,870.

The Coretec Groups corporate investment in Kib Plug Energy through CRTGs management of KIB i believe will help grow Kib in this current tough economic and political time in KOREA . This isnt anything new to Corwtecs Michael Ussary as you can see through his BIO he has worked to grow companies in many countries facing tough economic and political times .

https://www.corpsafrica.org/people/ussery-ambassador-michael/

- South Korea's economy barely grew in the fourth quarter of 2024, as the country's worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency.
In December, consumer and business sentiment dampened amid political chaos, after President Yoon Suk Yeol was impeached and suspended from duties over his short-lived bid to impose martial law, followed by the impeachment of Prime Minister Han Duck-soo.

Consumption was a major drag. Over the quarter, consumer spending rose 0.2% and corporate investment grew 1.6%, weaker than the previous quarter's gains of 0.5% and 6.5%, respectively, while construction investment fell 3.2%.

https://www.reuters.com/markets/asia/south-korea-q4-gdp-01-qq-weaker-than-forecast-2025-01-22/

I missed this news out of Korea the other day . His decision to declare marshall law was wrong which led to his arrest along with his defense minister, police chief and several top military commanders have been arrested and indicted for their roles in the enforcement of martial law. He could still be reinstated after his arrest as His political fate now lies with the Constitutional Court. I didnt know that the democratization of Korea did not occur until the late 1980s.

https://carnegieendowment.org/emissary/2024/12/south-korea-democracy-yoon-protests?lang=en

" The crisis began when Yoon, in an attempt to break through legislative gridlock, imposed military rule and sent troops to the National Assembly and election offices. The standoff lasted only hours after lawmakers who managed to get through a blockade voted to lift the measure. The opposition-dominated assembly voted to impeach him on Dec. 14."

His political fate now lies with the Constitutional Court, which is deliberating whether to formally remove him from office or reinstate him.

https://www.voanews.com/a/south-korea-s-president-in-court-as-investigators-seek-to-extend-detention/7941537.html

Both Good article on Korea and their recent political news . I think if you invest in Korea you have to have a deep and broad understanding of its Government . I think with the Coretec Groups managements experience in overseas business dealings make them qualified to do these types of transactions in Korea .

https://stocks.apple.com/Ah8LGGxFNRlGsrI8zaKPD_
Interesting article on EV’s & Trumps Executive Order lift mandate…..

There is a great deal of information here, and I believe the credibility of many posters. What's lacking is the financial release from the company that makes everything available, in English, to all in one place. I believe when we get that the share price will be substantially greater and CRTG will be trading openly, but until that occurs, effectively it's not trading at all.

Gary

That does leave it open a bit. Maybe I'll try a message and see if he responds.

If the scientists are gone, then management needs to reveal the battery testing data to investors!……

He is also a Scientific and Strategic Consultant.
Independent Consulting
Mar 2010 - Present · 14 yrs 11 mos.

Well, he lists his time at Coretec as the "Chief Technology Officer", with his tenure running from September of 2021 to April of 2024, a term of 2 yrs and 8 mos. My own profile lists my time with my company from March of 2007 to "present". If you don't make an edit, that is what is displayed - XXXX to "present". He had to edit his profile to show the term ending last April. To me that means he is no longer affiliated with Coretec.
Nathaneal Downes on the other hand still shows his tenure as from January of 2022 to "present". Could read that as he's still with the company, but where would he be working from if the lab is closed. My bet is that he simply hasn't updated his profile.

I have always viewed Ramez Elgammal full-time at the University of Tennessee and part-time at Coretec, even though he was the VP of Technology and Chief Technology Officer.
I am not so sure that he has left yet. I believe he is still part-time advising Coretec.
https://www.linkedin.com/in/ramezelgammal/

I don't believe there is concern about the market going forward. The whole purpose of Endurion is to create that "better mousetrap". If EV sales are down, it is because there is a better option for the consumer with an internal combustion engine vehicle. When batteries advance to the point where the promises that manufacturers make are real, such as a charge in the same time it takes to fill a gas tank, 800 miles on a single charge, and vehicle cost on par with ICE power - THEN will come about the impossible - even I will buy one. And if I find them attractive, a guy who believes three carburetors on one engine is a good start, there will be a lot of others who suddenly are attracted and in the market.

Quick Shft
Yes this is home for Coretec hopefully temporarily! Coretec will catch up on the filings. It may take another month or two! Yet I’m still concerned about the future once past this expert market! Projected EV sales for 2025 isn’t the greatest!! . But at this point, our hands are tied . We can only wait & see……

There's a part of me that says the company doesn't mind how things have unfolded to this point. Now that they have filed late and gone dark, there's no reason to catch up and come current until things are sorted out and they have a solid operation to display. Perhaps the expert market is our home for a while.

Something I've Considered when thinking about their projected/anticipated $100,000,000 in revenue; Most companies Have to be careful not to set Expectations too high Or When their revenue comes in shorter than projected The next quarter their stocks typically tank For a bit period my guess (hope) Is that 100 million Is is a very safe and conservative number that internally they expect to comfortably exceed so that the following quarter revenues were higher than projected thus affecting the stock price Favorably.

As frustrating and unprofessional as it might be, it may in fact be just the opposite. This may just be a case of Keeping investors from seeing how the sausage is made. I think there's probably multiple things that may not be ideal to file late Or not disclose to investors Might actually be Better for stock price in the long run. I own and run my own business which is a small company. My wife likes to Snoop around and Just see what Is going on Here and there sometimes And occasionally She'll see a bank statement That is lower than desired For the company Or maybe even an overdraft. She freaks out gets worked up in tears hyperventilating about what's up And if we're doing okay When in reality That bank statement is a month old, Usps Jammed up our mail and six client payments were late, knowing that in advance I already notified our bank to make sure to cover payroll with the checks coming in late, we're close enough with the bank that they just told us to let it overdraft and they would cover it until mail caught up and all was good. Month to month everything was fine and in reality there was never any major problems but since she was looking through things with the microscope or just trying to get involved in areas she didn't normally see was just a huge shock to her when in reality stuff like this is always happening and as long as you're on top of it we're fine.

So, as much as I don't like to be in the dark and on this side of things, I think we're my wife in this example and they are my company just moving on to keep things going and in some cases not airing out every little Hiccup That Freak out investors or tank the price. At least I hope that's the case here.

Coretec has been focused on , as well as investors , for 10 years on developing Silicon based products trying to eventually create revenue from applications involving silicon . But now since the new management took over CRTG IS Core Optics , a Compact Module Camera business which has revenue as well as Kib Plug Energy who had 97,000,000 in revenue in 2023 . Though Endurion could produce revenue someday Coretec now says they anticipate they will surpass 100,000,000 in revenue with all 3 businesses. But the reallity is and i have to let it sink in as time goes by that we are a completely different company and after the acqiusition of Kib Plug energy is completed they may acquire other companies . I think its important to get my head out of silicon for a minute and remember that the products and companies listed below are the 2 companies who have developed those revenue generating products. Core Optics and Kib Plug Energy , are The Coretec Groups first 2 companies they have consolidated into CRTG in the early stages of this Corporate reorganization and restructuring . This may not fully sink in until we have secured the KIB Plug revenue and its added to Coretecs financials , 10Q 10 K etc..we have to get out the Nov 10Q first of course and secure the complete acquisition of KIB but they will in time ... But will there be other companies add to the list ? Time will tell stay tuned same Bat time same Bat channel !!
.

http://dkme.ivyweb.co.kr/eng/products/sub01.html?cate1=1&cate2=1 Shell & Tube Heat Exchanger Kib plug energy

http://dkme.ivyweb.co.kr/eng/products/sub01.html?cate1=1&cate2=2 Kib plug energy Pressure Vessel

http://dkme.ivyweb.co.kr/eng/products/sub01.html?cate1=1&cate2=3. Kib plug energy Reactor

http://dkme.ivyweb.co.kr/eng/products/sub01.html?cate1=1&cate2=4 Kib Plug Energy Tower & Column

https://www.coreoptics.us/. Core Optics CCM Business

I think it’s very unprofessional for management to not inform investors of the closing of the lab including departure of scientists! This just continues to be full of surprises ……