Juststoppingby
2 days ago
This coming Friday will mark one month since Coretec approved the resolution in its 8-K filing.
When they are ready to file publicly, I wonder if Coretec will suspend trading until its financials are publicly available and it gets approved for regular trading on the OTC.
From the 8-K.
“On May 13, 2025, the Board of Directors of The Coretec Group, Inc. (the “Company”) took action by written consent in lieu of a meeting, in accordance with Section 8 of Article III of the Bylaws of the Company. The Board approved changes in corporate leadership and governance, including the appointment of new officers, acceptance of resignations, and authorization of regulatory filings and financing.”
skitahoe
3 days ago
There is really only one thing I want to see, the company getting all its required filings in here in the US, and normal trading on the market restored. All the rest is interesting, but meaningless without legitimate trading here.
Once that's reestablished, perhaps we can get a handle on what we really own. There are at least a couple carmakers who'll have solid state sodium batteries in cars with nearly 1000 mile range on their cars. Is our technology compatible with their batteries.
To me it doesn't make any sense to build a battery plant that doesn't make the best of the batteries that will be employed practically everywhere by 2030 IMHO.
From what I read a 900 mile battery will be slightly smaller and lighter than those that provide 300 miles today, and if the chargers have the capacity charge them faster. If they're actually building a new battery plant it should be for this or a better battery form.
Gary
Quikshft
4 days ago
Be interesting to know that. De-listing is not the same as bankrupt. DKME is making money so it does seem an injustice for small holders to get aced out. Is it not customary that when a company goes private that shareholders are bought out? The protestors seem to have a legitimate gripe if they end up with nothing through this. Starting to think that Coretec saw a long legal slog coming and just wanted out.
So Coretec is now out of the picture in these proceedings?
ChatGPT said:
Based on the latest available information, Coretec seems to have fully exited the Plug Energy (now DKME Co., Ltd.) saga and is no longer directly involved in the ongoing delisting proceedings in Korea. Here's how this conclusion is supported:
✅ Key Evidence Coretec Is Out of the Picture
Stake Transfer Over
Coretec sold its approximately 22.3% stake in KIB Plug Energy (now DKME) first to Quantum Wealth and then onward to DKME Inc.
globenewswire.com
.Board & Governance Absence
No current filings show Coretec or its executives holding board seats or official roles at DKME Co., Ltd. (formerly KIB Plug). The last known Coretec-associated board members have reportedly resigned, further indicating a clean break.
Legal Disputes Resolved
Court filings previously involved Coretec disputing management voting rights in South Korean courts. Those appeals were dismissed, and there have been no new legal filings implicating Coretec in the delisting situation.
🧭 Current Focus of DKME Shareholder Protests
The protests taking place in Ulsan and Seoul are centered around:
Accusations of embezzlement, mismanagement, and poor governance by DKME’s largest shareholder (DKME Inc.).
Minority shareholders are warning that asset sales or liquidation could hurt small investors under a delisting scenario.
investorshub.advfn.com
There is no indication Coretec is part of this stakeholder struggle—the same protests are directed at DKME Inc. and the Korean stock exchange, not Coretec.
🧠 Summary
Bottom Line: Coretec appears to have completely divested its interest in KIB Plug Energy (DKME Co., Ltd.) and is no longer involved in its board, ownership, or the legal/regulatory issues tied to delisting. The current turmoil surrounds new controlling shareholder DKME Inc. and local governance challenges.
Quikshft
4 days ago
ChatGPT said:
Yes! Here's an English translation of the signs in the photo, starting from left to right:
🪧 Sign 1 (Yellow/Red)
????? ??? ??? DKME(?) ???? ????!
"Stop the delisting of DKME Co., Ltd. that pushes individual investors to ruin!"
🪧 Sign 2 (Blue/Red)
???? ?????. ‘??? ??? ?? ????’ ??? ???!
"Lee Jae-myung said, ‘I will create a market where shareholders are the owners.’ Now is the time!"
(Note: Lee Jae-myung is a well-known South Korean politician.)
🪧 Sign 3 (Red/White)
DKME ????! ???? ? ?? ????
"Save DKME! Is the stock exchange just watching with open eyes?"
🪧 Sign 4 (Blue/Red)
?????? DKME(?) ???? ???? ????
"Delisting Ulsan’s local company DKME Co., Ltd. will destroy the regional economy"
🪧 Sign 5 (Red/White)
DKME ????! ???? ? ?? ????
(Same as Sign 3)
"Save DKME! Is the stock exchange just watching with open eyes?"
🪧 Sign 6 (Red/Blue)
???? ????? ?? DKME(?) ???? ????!
"Stop the delisting of DKME Co., Ltd. that only benefits the immoral largest shareholder!"
These are clearly coordinated protest slogans from DKME’s minority shareholders, accusing the Korea Exchange and the company’s leadership of collusion, negligence, or corruption—especially to the detriment of small investors and the local economy in Ulsan.
iamthe walrus
4 days ago
News out on DKME Co Ltd with video if you can translate it .. Not sure if they would do a liquidation sale which you sell of asetts when going out of business but they could purchase the business as Core Optics did with ISMedia in Korea when they got delisted .Core Optics LLC was started in Virginia shortly before Core Optics LLC purchased IsMedias Compact Module business in Korea Now Core Optics Ltd in Korea ( which is now a subsidiary of the Coretec Group) . DKME Co LTD in Korea might be purchased in full or merged with DKME Inc the new USA company formed in Delaware in July and become a subsidiary of DKME INC which in turn could merge with Coretec then DKME Inc and DKME Co LTD are under Coretec ??? Any thoughts
https://www.usmbc.co.kr/article/GnFP3f831WRbMa13qj Article translation below but can anyone translate the video
Local company DKME 'delisted'? "Only ants are harmed"
Hong Sang-soonMay 29, 2025 21:30:56
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[Anchor]
Minor shareholders are protesting the decision to delist DKME, a local company in Ulsan.
They say that the excessive disposal of a company with a sound financial structure is only increasing the damage to minor shareholders.
The company announced that it will soon file an objection with the Korea Exchange.
Hong Sang-soon is holding a press conference.
[Report]
Minor shareholders of DKME, a local company in Ulsan, the former Daegyeong Machinery, are holding a protest in front of the Korea Exchange every day.
This is because the Korea Exchange notified the company of its delisting on the 22nd.
Minority shareholders are protesting, saying that the delisting decision protects the immoral largest shareholder and causes all the damage to the minority shareholders.
If the delisting is confirmed, the stocks of over 13,000 shareholders will become worthless overnight,
while the largest shareholder will be able to escape strict monitoring as a listed company and even increase his 22.5% stake through a liquidation sale.
[DKME Minority Shareholder/Voice Disguised]
"Major shareholders have nothing to lose. Even if it becomes unlisted, they can still operate as if it were unlisted, and they can still embezzle money from transactions, dispose of assets, and do whatever they want at a low price."
The reason for the delisting is that the improvement plan submitted by the company was not properly implemented as a result of the review due to allegations of embezzlement and breach of trust, and management transparency was also inadequate.
Last November, the company was sued by three executives and employees for embezzlement and breach of trust worth 7.08 billion won, and a trading suspension decision was made.
As shareholders’ opposition grew, the company announced on its website that the company’s claims that it was promoting delisting were completely untrue and that it would do its best to resume trading as soon as possible.
DKME, which manufactures heat exchangers, has been in a serious management dispute with the former KIB Plug Energy, changing its major shareholder five times in the past two years.
However, it has consistently posted sales of over 100 billion won and operating profits of over 10 billion won every year, and its financial status is stable with a debt ratio of 55%.
The company plans to submit an objection to the Korea Exchange by the 16th of next month.
[Reporter]
If the Korea Exchange receives an objection, it will hold a Listing Disclosure Committee meeting within 20 business days and decide whether to give the company an additional improvement period or delist it as is.
This is Hong Sang-soon from MBC News.
Video Coverage: Choi Young, Choi Jun-hwan
CG: Kang Sung-woo
ALSO other news agencies coverage . msiron@news1.kr. https://www.news1.kr/photos/7319081
(?)DKME delisting protest rally
Reporter Kim Myeong-seop
Reporter Kim Myeong-seop
2025.05.30 12:55 PM
(Seoul = News 1) Reporter Kim Myeong-seop = On the 30th, members of the DKME small shareholder group are holding a protest against delisting in front of the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul. 2025.5.30/News 1
(Seoul = News 1) Reporter Kim Myeong-seop = On the 30th, members of the DKME small shareholder group are holding a protest against delisting in front of the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul. 2025.5.30/News 1
Juststoppingby
2 weeks ago
It seemed to me that they have prepared all the past-due quarterly and annual reports, and now they need to have them audited by a registered PCAOB audit firm. If they haven't started yet, it will take another month or two.
In the meantime, they could return to trading on OTC markets by submitting an OTC Markets Alternative Reporting Standard (“ARS”), which does not require an audit.
It appears to me in the 8-K report that the $300,000 is also to cover the audit.
From the 8-K.
The actions taken include, among others:
? Approval of financing authorization for related audit expenses;
RESOLVED FURTHER, that to fund the preparation of said ARS Reports—including pre-audit services by an audit-preparation firm, PCAOB audit fees, and any related audit costs from a U.S. CPA firm—the Authorized Officers are hereby authorized to negotiate, enter into, and draw upon a loan facility in an aggregate principal amount of up to US?$300,000 with such lender and upon such terms and conditions as they deem appropriate, and to execute and deliver any and all agreements, promissory notes, certificates, or other instruments, and to take any other actions they deem necessary or advisable to effectuate such financing; and
Juststoppingby
2 weeks ago
From the 8-K.
8. Authority to Update Corporate Records.
RESOLVED FURTHER, that the proper officers of the Corporation are hereby authorized and directed to make all filings and take all other actions necessary or desirable to carry out the intent of these resolutions, including updating the Corporation’s internal records, regulatory filings, website, and public disclosures to reflect the foregoing changes.
Testpilot
2 weeks ago
This is a quote from Ken Evans from the Coretec Group shareholder Update Call July 22, 2020.
Looks like CRTG will be back on the pinks for now.
"Ken Evans
We are on the pinks now, however, we are in the process of
completing and providing to the OTC markets our application to move onto the OTC:QB. There
are three tiers in the OTC markets, and QB is the second. It confirms that we are a fully
reporting '34 Act company, that we're filing all of our required reports on a timely basis.
And more importantly it provides additional market-makers, who are willing to follow the
company and get involved. It also provides additional credibility for the future as we look to the
capital markets to raise additional financing. It puts us on the path, basically, combined with the
other things that the team are accomplishing with regard to the commercialization of CHS, it
puts us on a pathway to NASDAQ, which is where we would really like to be.'
https://investors.thecoretecgroup.com/static-files/680c3af6-7b41-4eff-b2c8-c00a0ae90786
Testpilot
2 weeks ago
From the 8K
“OTC Markets Alternative Reporting and Financing Authorization
RESOLVED FURTHER, that the Board hereby approves the preparation and submission of the Corporation’s OTC Markets Alternative Reporting Standard (“ARS”) disclosure statements (collectively, the “ARS Reports”) for the outstanding reporting periods ended September 30,?2024 and December?31,?2024, and for the fiscal quarter ended March 31, 2025, together with any required financial statements, certifications, and subsequent amendments;
RESOLVED FURTHER, that the Authorized Officers are directed and authorized, in the name and on behalf of the Corporation, to execute, file, and publish such ARS Reports, and any related correspondence or supplemental disclosures with OTC Markets Group Inc., and to take any other action they deem necessary or advisable in connection therewith;
RESOLVED FURTHER, that to fund the preparation of said ARS Reports—including pre-audit services by an audit-preparation firm, PCAOB audit fees, and any related audit costs from a U.S. CPA firm—the Authorized Officers are hereby authorized to negotiate, enter into, and draw upon a loan facility in an aggregate principal amount of up to US?$300,000 with such lender and upon such terms and conditions as they deem appropriate, and to execute and deliver any and all agreements, promissory notes, certificates, or other instruments, and to take any other actions they deem necessary or advisable to effectuate such financing; and
RESOLVED FURTHER, that the Authorized Officers are authorized and directed to allocate the proceeds of such loan facility to the budget for the ARS project and any other outstanding budgetary requirements relating thereto.
8. Authority to Update Corporate Records
RESOLVED FURTHER, that the proper officers of the Corporation are hereby authorized and directed to make all filings and take all other actions necessary or desirable to carry out the intent of these resolutions, including updating the Corporation’s internal records, regulatory filings, website, and public disclosures to reflect the foregoing changes.”
Juststoppingby
2 weeks ago
Remember Quantum Wealth sold thier 52 million shares to DKME Co Ltd who then sold them to DKME INC in the USA . So Quantum Wealth doesnt hold those shares anymore but do they have a stake in. DKME INC .
Quantum Wealth Management LLC transferred 52,862,216 shares of DKME Co., Ltd. common stock to DKME INC. for 21,754,000 shares of DKME INC. common stock. The $ 21,754,000 is the exact amount Coretec received from Quantum Health Management, so those shares must be valued at $1 per share.
https://investorshub.advfn.com/uimage/uploads/2025/5/21/yjifiMajor-management-matters-related-to-investment-decisions-2025-05-21_08-39-49.png
I suspect Coretec Group owns DKME Inc., which will eventually own DKM Co., Ltd.
Comparable to Core Optics, LLC, a Virginia limited liability company (“Core Optics”), Core Optics Co., Ltd., a Republic of Korea corporation (“Operating Subsidiary”).
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