Coretec Group Inc (QB) (CRTG) Cotización

Coretec’s investor website states it differently under the governance/management tab.
https://investors.thecoretecgroup.com/governance/management

On the Core Optic website, Dr. Seonkee Kim, CEO
https://www.coreoptics.us/key-people

On OTCMarkets.com, both Elbert Michael Ussery and Dr. Seonkee Kim are CEOs, and it was just added yesterday.
https://www.otcmarkets.com/stock/CRTG/profile

Kim is still the CEO according to the Coretec website under the 'Leadership' tab from the home page. This despite him resigning according to the 8K from last week, and further despite the company adding Antti Uusiheimala as the CFO on the very same page. If you are going to change the website to add a new guy, why not remove the old guy? Not a good look.

Wow, we have two CEOs. Maybe they are preparing to separate the companies into Core Optics and Coretec Group/KIB Plug Energy?
Dr. Seonkee Kim CEO
Elbert Michael Ussery CEO
https://www.otcmarkets.com/stock/CRTG/profile

Here’s the 8K from today

Antti Uusiheimala
https://investors.thecoretecgroup.com/node/8626/html

Another 8-K just dropped 

UFP mystery solved !
https://www.foxnews.com/us/pentagon-solves-one-its-highest-profile-ufo-mysteries

My bad, the changes are happening faster than expected 😂

https://www.gofractional.com/member/andrew-selzerwong-mba Scroll down and you will see the listing for Antti Uusiheimala. Im guessing this is just one way he trys to get exposure for what he does by listing with this group but it has a good overview of his work history. very well rounded Attorney ,CFO ,CEO ,COO venture capitalist

Former Venture Capitalist and startup CFO/Co-Founder Antti Uusiheimala worked as the Director of investments at Vision Capital, a leading New York based late-stage venture capital fund with $850m assets under two funds, where he sourced, analyzed, negotiated contracts for, and closed dozens of venture investments totaling $250 million and was involved with all 12 of the fund's portfolio company IPOs on NASDAQ. He published a book "Covenants Used in Venture Capital Financing in the Light of Contracting Theories" while in law school. He is an expert at negotiating and navigating the law firms, investment banks, and venture capital investors for early stage companies. He ran Vision Capital's China fund in Beijing 2010-2011. After Vision Capital, he formed Halifax Partners, a venture capital and strategic advisory firm for early-stage technology companies, where he has helped several Seed and Series A stage startups raise the capital they needed across cyber security, SaaS, B2C apps, consumer goods, and manufacturing in the renewable energy space. He currently serves as an advisor to two AI-enabled companies in B2B software and mental health. While actively engaged with his clients, he has led their financial planning, budgeting, forecasting, and the creation of three statement financial models and DCF valuations for several early stage companies across industries, and even re-engineered the global supply chains of consumer goods company post COVID reducing their production lead times by 30% as their interim CFO/COO. Prior to Halifax, he worked at Goldman Sachs & Co as an expert consultant. Prior to his venture capital career, he worked at a law firm serving public and private technology companies across their capital formation and business needs. Prior to that, he ran the US business development for CRF Health, a digital health software startup that reached a Unicorn status with $1Bn exit valuation.

“I was blessed to have a person like Antti to establish the cornerstones of our US business. Being hard working, intelligent, a fast learner and with no fear Antti established with practically no resources in 8 months what others would have spent 18 months on.”
Timo Ahopelto

https://www.linkedin.com/in/anttiuusiheimala

Antti Uusiheimala is the new CFO https://www.f6s.com/member/antti-uusiheimala#about

Halifax Partners. For 9 yrs

I am a venture capital fundraiser, CFO/CEO, in-house counsel in one man. I have made several investments in early stage companies across the capital stack and operated early stage companies, covering typically interim CEO / CFO / in-house counsel roles actively working the founding team. After directing investments at a VC funds for 10 years, co-founding several startups, and working as an attorney for several years I gained a broad set of skills necessary for the companies I have worked with.

Unfortunately, the CRTG website is dated and leadership names are not current. The 8K filed on Nov 14th listed shows the following:

Name
Elbert Michael Ussery CEO
Dr. Seon Kee Kim*. Co Chair Dir
Ho Seok (Roberto) Kim*. CFO
David Lee* Victor Keen*
Robert McCollar
Birge Watkins
Jung Min Lee. COO

They filed an 8-K report for new management last week. Less than a week later, it was changed.

According to the Coretec website, Antti Uusiheimala is now the CFO. Don't know who that is, but isn't an 8K required for the hiring/firing of officers? [img]roll eyes[img/]

My take on this is that they had nothing to post as no funding until now. A10q would have highlighted this so I can understand the delay. While perhaps they have taken orders how could they fulfill these with no capital to deliver. That said they now have revenue & credit line with acquisition so lots to post now, I feel announcements imminent....

It seems that the late 10 Q filing was due to the complexity of consolidating financial data and obtaining audited financials.

8-K
Schedule I
Risk Factors
“Risk of Non-Compliance with SEC Reporting Obligations Following Recent Share Exchange”

“As part of our obligations under Section 13 of the Securities Exchange Act, we are required to file specific information, including consolidated audited financial statements, within a designated timeframe following the recent share exchange, which has an effect similar to a reverse merger or business combination. Due to the complexities involved in consolidating financial data, we may face challenges in meeting this filing deadline. Any delay in compliance with these SEC requirements could subject us to regulatory consequences, diminish investor confidence, and limit our ability to pursue certain business initiatives. Additionally, any delays or complications in obtaining audited financials may further impact our reporting timeline, increasing our risk of non-compliance with SEC reporting requirements, increasing our risk of our shareholders’ inability to rely on Rule 144 for resale of our securities and adversely affecting our business operations.”

I'm unsure if I should consider this positive or negative, especially since the company has not communicated with us shareholders for months. The website looks similar; they changed some information on the contact page (For Media Inquiries: Email: pr@coreoptics.us used to be Coretec Group pr email).
They are having problems consolidating financial data and obtaining audited financials, for which they need to file the 10-Q.

The following is just my speculation.
They might be considering a demerger, Spin-Off, or Split-Off.
https://www.investopedia.com/terms/s/spinoff.asp#citation-8
FOREX. "Demerger Meaning: The Differences Between Spin Offs, Split Offs and Carve-Out Demergers." https://www.forex.com/ie/news-and-analysis/what-is-a-demerger/
“Expand into new markets – operating in different regions and markets can make a balance sheet complicated. Dividing up a business can create clarity on each entity’s core activities”
And that might be the reason for the CEO change.

KIB Plug Energy before the name change in July 2024 was Curo Who had a subsidiary Curocom Energy This is from that article .In July 2024 KIB acquired all the shares of all the other companies that held share and of course now CRTG will acquire a majority of shares at the close of this deal. im not sure they were related though thety were CURO but maybe not curo holdings

CoreOptics.us website back up today, promising sign I think...

Yes and thats good info to help us figure out the direction the company might going in which is what we do since we havnt hard from the management yet . I was also talking about the accual certificate of designation where the heading at the top is , " Filed Oklahoma secretary of state # 1900555617 11/06/2024 Certificate of designation Preferences Rights and limitations of Series D convertible preferred Stock of the Coretec group Inc . Then there is a bar code stamp next tho that at the top. Thats helped me to understand the posible transactions they can do with this series D stock . I cant get it to highlight and copy and paste it in the box here at the hub so i can highlight a couple of things . They Did put info from the Aug 21st CERTIFICATE OF DESIGNATION at close and it , " which authorizes the issuance, by the Corporation, in one or more series of up to 25,000,000 shares of preferred stock, " We do know that 10 million have been designated for series C shares but this one line here , " in one or more series of up to 25,000,000 shares of preferred stock " tells us a lot about the potential of the company conducting deals with the preferred stock in ays they feel they can grow the company . We now have the companys plans to use 150,000 Series D preferred shares in a deal to expand the company and grow it . We havnt heard anything yet about a specific deal involving the C shares yet but i think we should take note of the fact that the company is going to use the Preferred shares in series C and D to expand and grow the company . I think they have a pre -determined plan already laid out , one which we are all triyng to figure out so we can better understand the direction the company is going so we can better understand bottom line how it might effect th value of the stock we hold . We could use a shareholder call at some point so we can get a good comprehensive overview of the roadmap the new company officials have planned for the next year . I think we will get hat soon enough but its clear to me that the number one thing for those running the company the restructuring of the company which is what these people do at XTomorrow and XT Equity when they invest in their porfolio companies that they take on . Grow , restructure , create value and profitability and have an exit at some point . They have taken on 1850 companies since 1994 so i know they are not flying by the seat of their pants but executing their predetermined game plan in real time . I expect they will be successful in creating value for shareholders in time .

CERTIFICATE OF DESIGNATION OF

PREFERENCES, RIGHTS AND LIMITATIONS OF

SERIES C CONVERTIBLE PREFERRED STOCK OF

THE CORETEC GROUP INC.

Dated: August 21, 2024

Pursuant to Section 1032 of the Oklahoma General Corporation Act

The Coretec Group Inc., a corporation organized and existing under the laws of the State of Oklahoma (the (“Corporation”), hereby certifies that pursuant to the authority conferred upon the Board of Directors (the “Board”) by the Certificate of Incorporation of the Corporation, which authorizes the issuance, by the Corporation, in one or more series of up to 25,000,000 shares of preferred stock, par value $0.0002 per share (the “Preferred Stock”), and in accordance with the provisions of Section 1032 of the Oklahoma General Corporation Act, the Board by unanimous written consent dated August 20, 2024 duly adopted the following resolutions:

The 8-K contains information about a Korean bank named Shinhan Bank’s foreign currency account, where the investor/purchaser of the Series D Preferred Shares can deposit money.
You can see it in the 8-K “SUBSCRIPTION AGREEMENT” in section A-17.

The certificate of designation is an image file in the 8-K.
Here's a part of what the company said they will do with the proceeds.
8-K
Schedule I
“We have significant discretion over the use of certain of the net proceeds.”
“We have significant discretion over the use of certain of the net proceeds from this Offering. While we currently intend to allocate a portion of these proceeds toward the potential acquisition of securities in a corporation that may be publicly traded outside of U.S. exchanges, there is no guarantee that we will complete this acquisition as planned or that we will benefit from such acquisition (no assurances can be made that management’s decision to complete such acquisition will be accretive to the value of Preferred Stock or Common Stock). If this acquisition is not feasible due to regulatory, market, or foreign investment restrictions, we may redirect these funds toward other corporate purposes. If the acquisition of such foreign securities is successful, no assurances can be made that our ownership of such securities will result in a profit or even if it does result in a profit that that will translate to an increase in shareholder value.

Additionally, other proceeds from this Offering may be allocated to working capital and general corporate purposes, including but not limited to research and development, capital expenditures, sales and marketing costs, and compensation to officers and directors. Our management will therefore retain broad discretion in applying these funds, and there can be no assurance that our intended or alternative uses of proceeds will result in increased revenue, profitability, or shareholder value. Prospective investors are encouraged to consult with their legal, financial, and investment advisors before deciding to invest in the Company.”

In the certificate of Designation section( D vs vii line ii ) it talks about , The number of shares of the Third Party Company that the corporation PURCHASED using the PROCEEDS associated with each respective issuance ...of series D stock ....etc. i cant highlight it to post all ...it but we might use proceeds from the sale of D shares to acquire those KIB shares from OneAsia there are different types of exchange , Nov 14th we got to read the 8 K and the certificate of designation that is in the 8 K but i did i purchased it from the sec of state in OKla web site ( 17 bucs ) says CRTG can purchase shares in a third party company with the proceeds from the sell of the series D shares and i talks about overseas company thats public being the possible one . Ill go back and post it heres a lot to read . You can read between the lines where they dont name names just give refrences to the outcome and who the target company might be and that they could be overseas etc .I bought the certificate of designation a few days before it came out in the 8K . Its in the 8K. Its clear the overseas company they are talking about is in Korea because the closing paperwork has the bank name and its in Korea . It gives the address in the final paper work that will be filled out at close . I poured through the 8K several times . They will fill in the names at close and it could be KIB Plug Energy but if its not then we are going to acquire stock in 2 companies at some point . Question is what will KIB end up looking like ? Will they merge other cpmpanies into KIB in energy related fields ? the Certificate of designation part of the filing doesnt copy and past and guess i have to do screen shots ? or just type it out ? Can you post the whole certificate of designation ???

I think the last 8-K was about the subscription agreement. Two agreements, one on November 6th and one on November 13th were for 73,000 shares in exchange for $7.3 million.

8-K
“Date of Report (Date of earliest event reported): November 6, 2024
Item 1.01 Entry Into A Material Definitive Agreement"

"On November 6, 2024 and on November 13, 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 73,000 shares of the Company’s newly designated Series D Convertible Preferred Shares”

I think this could be it CRTG filed it on Thursday and KIB filed theres Friday with the difference CRTG didint say what company they would acquire shares from with the money raised from the sell of the Series D shares . They would get 7.3 millon which is close to the amount of the share acquisition price from KIB . XT Equity may be purchasing the D shares and holding them as they ?? The Axious fund is run by the guys at XT Equity and XTomorrow . The fund lists the same address at the Rockefeller center in New York as XT Equity . I think i posted something on that . Ill have to check my own posts
Form 8-K
Filing Date Nov 14, 2024
Document Date Nov 6, 2024
Form Description Report of unscheduled material events or corporate event

https://investors.thecoretecgroup.com/node/8586/ixbrl-viewer

Can we expect a filing on Coretec's acquisition of a stake in Kib Plug Energy Co., Ltd. from OpenAsia Company, Inc., which happened on November 15? Maybe Thursday or Friday.

“Axios Equity Fund LLC and The Coretec Group Inc. (OTCPK:CRTG) agreed to acquire 10.12% stake in Kib plug energy Co., Ltd. (KOSE:A015590) from OpenAsia Company, Inc. for KRW 15.6 billion on November 15, 2024.”

Acually CRTG and Axious will acquire the shaees from OpenAsia An investment company who is currently the largest shareholder

Insiders cant sell now . The deal with KIB plug Energy hasnt closed yet , just announced. The Coretec group and the Axious fund will aquire shares from them . CRTG will be the largest shareholder with 16 million sharesfollowed by the Axious Fund .

Walrus
Since Coretec owns most of KiB Energy shares, then who is selling their shares currently with volume over 300,000 today? Is this inside selling? I would think that they would want to hold onto them with the recent news……

Walrus
Since Coretec owns most of KiB Energy shares, then who is selling their shares currently with volume over 300,000 today? Is this inside selling? I would think that they would want to hold onto them with the recent news……

Axios Equity Fund LLC who went in with The Coretec Group to acquire the majority of shares of KIB Plug Energy with The Coretec Group owning the majority at the close of the deal XT Equity LC https://www.xtequity.com/people where our new CEO and people are from as well as XTomorrow. Both these companies are of coarse business entities in Virginia so they can conduct business there .Lots of connections with our people .

Axios Equity Fund LLC Headquarters Address 1270 Avenue of the Americas Fl ( FL is floor #)1018, at Rockefeller Center, 7th Floor
https://www.lei-lookup.com/record/9845009DSBFHBE3EE502/

same address as .... XT EQUITY LC Legal Name Limited Liability Company No 1270 Avenue of the Americas Fl ( FL is Floor # )1018, at Rockefeller Center, New York, NY, 10020 - 1700, USA Corporate Support LLC Active

An acquisition is a transaction in which one company purchases most or all of another company’s shares to gain control of that company.

Understanding Acquisitions
An acquisition is a financial transaction that occurs when one business acquires the majority or all of its target’s shares. The goal of an acquisition is to gain control of the target’s operations, including its assets, production facilities, resources, market share, customer base, and other elements.


Good article relating to what The Coretec Group and investment company Axios Equity Fund LLC have done in taking over the majority of shares of KIB Plug Energy.

Axios Equity Fund LLC Headquarters Address 1270 Avenue of the Americas Fl 1018, at Rockefeller Center, 7th Floor
https://www.lei-lookup.com/record/9845009DSBFHBE3EE502/

same address as .... XT EQUITY LC Legal Name Limited Liability Company No 1270 Avenue of the Americas Fl 1018, at Rockefeller Center, New York, NY, 10020 - 1700, USA Corporate Support LLC Active

https://www.investopedia.com/terms/a/acquisition.asp#:~:text=An%20acquisition%20is%20a%20transaction,during%20the%20process%20of%20approval.

I accually dont think their revenue dropped that much according to Dart 10Q filing they have . The stock traded several years ago at 2.40 cents but today is at .39 cents . The article i posted about their future plans and the restructuring of the company should allow it to see growth or the people from Coretec would not have become the largest shareholders of KIB PLUG Energy . They have a new focus on Energy related ares and the Coretec Group look to help them expand perhaps with their new Energy focused goals in the US and aroung the world as this company has had a presence throughout the world . Who know maybe they are helping the company to merge with or acquire new compmnaies to expand their reach for this is exactly what the people at XTomorrow and XT Equity do well withn the companies they get involved with .

Walrus,

Excellent, thanks for sharing!

Here are 3 links to learn more about KIB Plug Energy . Read the first link then that helps to fully understand the second if you want to see some of the short history of the company the 3rd has the news from KIB marketscreener site you can go through on the company . Curo i believe is their old name acording to the article ?? or Curocom Co Ltd

https://news-mt-co-kr.translate.goog/mtview.php?no=2023070317112136877&_x_tr_sl=ko&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc


https://www.marketscreener.com/quote/stock/GNCO-CO-LTD-120962174/news/KIB-Private-Equity-Co-Ltd-KIB-CURO-Second-Acquisition-Purpose-Company-completed-the-acquisition-o-44427546/

https://www.marketscreener.com/quote/stock/KIB-PLUG-ENERGY-CO-LTD-7892228/

Walrus, Test 🧑‍✈️, Quick Shift. & Gunny,
Have you found out why KiB Energy’s revenue fell so much? Do you see Coretec buying more shares in the energy company?? How’s the giga factory to be funded in VA? I still see a reverse split before up listing to the Nasdaq. Hopefully it’ll be small ratio. Wlll we see the share price drop below.01cent? I think so definitely. I may add some more shares. Especially if things continue to progress! Quick Shift thanks for the chat box research! Awesome 👏!I’m glad that we have an English speaking ceo & associated with Trump too!! …….

The Series D shares are probably being sold to raise money to purchase the shares from the company in Korea I've posted About .the cost of those Shares and the funds raised seems to be the same

I'd like to thank the many of you who're trying to keep up with all that's happening here. For me, this is a small investment in an area I'm interested in, but am not that involved. Much seems to be happening here, I believe that most of it should have been PR'd if the company was working in a professional manner, that hasn't yet seemed to happen.

I'm hoping that they'll issue a quarterly that actually brings this all up to date, even if they're issuing it late. This is an OTC stock, I hate to say it, but things are generally quite loose when it comes to the OTC's and Pinks, I was one in a stock that failed to report for years and they were permitted to come current, then the stock shell was sold. All I'm saying is that the company can very probably do what they wish and when they're ready they can release everything and hopefully start to operate as a more legitimate company.

I would hope it's sooner, rather than later, but on the OTC the punishment is light, if at all, for not complying with the rules.

Gary

And since Coretec has a patent granted method of synthesizing CHS, I was curious whether that material had a part to play in the Endurion patent.

Yes, cyclohexasilane (CHS) could potentially play a key role in this silicon anode patent, and here's why:

1. Cyclohexasilane as a Silicon Precursor:
Cyclohexasilane is a liquid silicon precursor that is significantly more efficient and versatile than traditional silicon sources like silane (SiH4). Its ability to deposit high-purity silicon at lower temperatures and in various forms (such as nanoparticles, thin films, or coatings) makes it an ideal candidate for creating the modified silicon nanoparticles described in the patent.

2. Relevance to the Patent:
A - The patent involves functionalizing silicon nanoparticles with specialized chemical groups to enhance their performance as anode materials. CHS could be used to produce these nanoparticles with precise control over size, shape, and surface chemistry, which are critical for the success of the artificial SEI layer.
B - CHS’s liquid nature and ease of handling could streamline the manufacturing process for these nanoparticles, making it cost-effective and scalable.

3. Synergy Between Technologies:
If Coretec's CHS is involved, it could act as a foundational material for producing silicon nanoparticles optimized for battery applications. This would give Coretec not only an edge in battery innovation but also a vertically integrated solution—from producing silicon precursors (CHS) to functionalizing nanoparticles (as outlined in the patent).

4. Strategic Implications:
A - By linking CHS to the silicon anode technology, Coretec could position itself as a key supplier of high-performance materials for the EV and energy storage industries.
B - This integration would enhance the appeal of their technology to battery manufacturers looking for advanced silicon solutions.

In summary, CHS could be a cornerstone in realizing the potential of this patented anode technology. It would provide a direct pipeline from precursor to high-performance silicon anode material, enabling Coretec to play a significant role in advancing next-generation batteries. This connection is worth highlighting in discussions with investors, as it underscores Coretec's innovation and competitive advantage.

Meanwhile, Coretec's Endurion patent has been published. I have been anticipating the opportunity to review the document for some time now. The Chatbot has provided a synopsis;

Patent Overview: Game-Changing Silicon Anode Technology
This newly released patent focuses on silicon nanoparticles that are specially engineered to improve the performance of lithium-ion batteries.

The Problem It Solves:
In lithium-ion batteries, silicon is a promising material for the anode because it can store much more energy than traditional graphite. However, silicon expands and contracts significantly during charging and discharging, causing it to degrade quickly. This limits its practical use.

The Solution:
The patent describes a way to modify silicon nanoparticles by surrounding them with carefully chosen chemical groups, creating what we can think of as a protective shell or artificial SEI (Solid-Electrolyte Interphase) layer. This protective layer helps solve the key problems of silicon, such as:

1. Preventing the nanoparticles from breaking apart due to expansion.
2. Enhancing their conductivity and durability.
3. Reducing side reactions that waste energy and materials.

How It Works:
The modified silicon nanoparticles include one or more of these advanced "add-ons":

1. Block polymers: Think of these as flexible chains that protect and stabilize the particles.
2. Carbon nanotubes or graphene: These act like a superhighway for electrons, improving conductivity and performance.
3. Silane and polymer combinations: These improve how the particles bond chemically and enhance stability.

Applications:
The technology is designed to make better silicon anodes for batteries. The end result is a longer-lasting, more efficient battery with higher energy density—perfect for everything from electric vehicles to consumer electronics.

Why It Matters:
This invention represents a significant step forward in the quest for a commercially viable silicon anode. By building a stable artificial SEI layer around the silicon nanoparticles, it directly addresses the challenges that have held back silicon anodes in the past.

Statement of comprehensive income [abstract] Kib plug energy revenue quarterly report from Dart

Statement of comprehensive income [abstract]

2024-07-01 ~ 2024-09-30
Revenue 35,949,920,212. ( 25,832,401.73 USD )

2024-01-01 ~ 2024-09-30.
99,765,653,762. ( 71,692,359 USD )


2023-07-01 ~ 2023-09-30
31,027,084,559

2023-01-01 ~ 2023-09-30
96,445,205,062

Kib plug energy Co., Ltd. cancelled the acquisition of 51% stake in BK DONG YEONG TECH Co., Ltd.
https://ca.marketscreener.com/quote/stock/KIB-PLUG-ENERGY-CO-LTD-7892228/news/Kib-plug-energy-Co-Ltd-cancelled-the-acquisition-of-51-stake-in-BK-DONG-YEONG-TECH-Co-Ltd-46784103/

Stock Purchase Agreement : Contract date Nov 15 2024 ...CRTG will become the largest shareholder and will receive 16,000,000 million shares from Open Asia Co Ltd . Axios Equity Fund LLC recieves 8 million shares After this is executed crtg becomes the largest shareholder of the stock Kib plug Energy according to this publically filed agreement in Korea on the dart web site which was also first seen in the news on the Marketscreener web site and made public news through their posting of it .

US Saean Group Inc. and South Korea BK Dong Yeong Tech Co., Ltd. Signed MOA for Electric Vehicle Battery Supply
https://finance.yahoo.com/news/us-saean-group-inc-south-111700998.html

News from 7-3-23 on KIB Plug Energy renaming the company and chaging their to renewable energy

https://news-mt-co-kr.translate.goog/mtview.php?no=2023070317112136877&_x_tr_sl=ko&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Kib Plug Energy Co., Ltd.: the company that CRTG did a deal with to take a 10.21 % stack in Axios Equity Fund LLC . I havnt found any other news on them yet but want to find out why there revenue has dropped so much in 1 year

https://www.mk.co.kr/en/stock/10923090
AI Overview
Learn more
…
Here is some recent news about Kib Plug Energy Co., Ltd.:

Acquisition of BK Dongyoung Tech
On January 17, 2024, KIB Plug Energy announced that it would acquire a 51% stake in BK Dongyoung Tech, a company that produces solid batteries and energy storage devices.
Battery supply
KIB Plug Energy supplied batteries to G-Star Mobility, a mobility OEM company that produces shared electric bicycles. The batteries can run up to 200 kilometers on a single charge and are resistant to heat generation even with fast charging.
Kib Plug Energy Co., Ltd. is a company that aims to be a leader in the power and chemical plant machinery and equipment industry. The company was founded in 1981.

Also ....About BK Dongyoung Tech
BK Dongyoung Tech is a technology company with a focus on renewable energy and kitchen appliances. The company specializes in software development, consulting, electronic product manufacturing, and e-commerce services. It was founded in 2010 and is based in Gyeonggi-do, South Korea. In January 2024, KIB Plug Energy acquired a majority stake in BK Dongyoung Tech for $11.13M.

1 ) https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20241115800570 needs to be translated


2) then the revision
https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20241118800419 needs to be translated

Revenue dropped drastically in one year
statement of comprehensive income [abstract]

2024-07-01 ~ 2024-09-30 (27 million US dollars) 2024-01-01 ~ 2024-09-30 2023-07-01 ~ 2023-09-30 2023-01-01 ~ 2023-09-30

Revenue 35,949,920,212 99,765,653,769 31,027,084,559 96,445,205,062 ( 69 million US)

Cost of sales 29,933,669,691 83,974,229,199 25,926,466,849 75,889,207,519

Gross profit 6,016,250,521 15,791,424,570 5,100,617,710 20,555,997,543
Selling general administrative expenses 2,050,194,000 11,510,652,606 4,137,546,875 11,211,291,445

Operating income(loss) 3,966,056,521 4,280,771,964 963,070,835 9,344,706,098
Other gains -534,753,922 4,813,296,333 1,227,496,651 6,446,723,596
Other losses 1,692,227,540 3,359,190,101 -508,827,189 3,108,887,941
Finance income -470,853,279 1,918,829,644 945,020,875 3,600,965,543
Finance costs 529,021,030 2,437,788,850 298,538,741 989,060,906
Other income (expense) from subsidiaries, jointly controlled entities and associates -4,740,185,685 -7,114,283,929 236,996,073 236,996,073
Profit (loss) before tax -4,000,984,935 -1,898,364,939 3,582,872,882 15,531,442,463
Tax expense (income) 0 113,587,542 -39,459,693 136,961,635
Profit (loss) from continuing operations -4,000,984,935 -2,011,952,481 3,622,332,575 15,394,480,828
Profit (loss) -4,000,984,935 -2,011,952,481 3,622,332,575 15,394,480,828
Other comprehensive income 0 0 -88,520,219 374,291,764
Total comprehensive income -4,000,984,935 -2,011,952,481 3,533,812,356 15,768,772,592
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent -4,000,988,863 -2,011,299,089 3,533,812,356 15,768,772,592
Profit (loss), attributable to non-controlling interests 3,928 -653,392 0 0
Earnings per share [abstract]
Basic earnings (loss) per share
Basic earnings (loss) per share from continuing operations -17 -8 15 65
Diluted earnings (loss) per share
Diluted earnings (loss) per share from continuing operations -17 -8 15 65

I may be wrong on the stock price for Kib plug energy Co Ltd buts im not sure . I saw .38 cents but was i looking at the right company ?? Ill look at it again

http://www.kibplugenergy.com/eng/business/sub01.html

The deal is listed publically on Dart in korea . I need to translate it to english , There are 2 entries at Kib plug energy Co Ltd filings . One was ..Material Business Matters Related to Investment Decisions the other a correction statement put out today the other put out last Friday. There stock is 38 cents so a 11 million dollar deal is 10 % . Not sure what has happened to this company but CRTG taking a stack in it for a reason like they did ismedia when they got into trouble financially

]Axios Equity Fund is headquartered at 1640 Boro Place 4th Floor same city that ZAICELL INC is in .Looks to be lots of connections im finding between the people at Coretec and all these business with looks to be a in the battery business investment focus in Virginia .
Mclean, VA 22102
United States
XtractCarb Corp and Axios Equity Fund of the US and J&D Co., Ltd. have decided to invest in JSND Co., Ltd. and acquire shares.

We have reached an agreement .

Ø We are currently evaluating the corporate value of JSND Co., Ltd.

Ø JSND Co., Ltd. has obtained the right to use the patents it holds from XtractCarb Corp. of the United States in order to advance into overseas markets and attract investment.

Provided .

Ø We plan to advance into overseas markets jointly with J&D Co., Ltd.


3) Asan Bio Relations

Ø J&D Co., Ltd. has agreed to acquire shares .

Ø J&D Co., Ltd. plans to attract overseas investment for Asan Bio Co., Ltd.