Coretec Group Inc (CRTG)

[Testpilot]

Pegs1,

I continue to research this Private Placement Equity (PPE) that CRTG is embarking on. I'm not very savvy on PPE, but the link below elaborates on the basic concepts of a Private Placement and the rules that govern them. The CRTG Leadership team has delivered on several of the forward looking statements over the past year, i. e. moving to Ann Arbor, MI, listing on the OTCQB, partnering with Evonik to deliver test samples, and hiring an experienced CMO. I think they needed quick access to fund and capitalize on the current opportunity to expand CHS to meet customer demand and perhaps protect themselves from a potential acquisition by a large corporate customer, which is just a guess on my part. The quote below definitely fits the scenario that CRTG is in.

"Private Placement Equity Offering?The company sells partial ownership via the sale of stock or a membership unit in order to raise capital. Equity offerings are preferred by early-stage companies, because there is no set repayment schedule with this offering."

https://www.financialpoise.com/what-are-private-placements/