Coretec Group Inc (CRTG)

[Quikshft]

We have a little more horsepower here these days, for a long time there were only four or five regular posters but what do any of you think or know about the series C preferred shares that were issued? It appears to me that this is an investment in the business from outside of the company and quite positive in terms of confidence of the investors. Excerpt follows:

Strictly speaking, companies that aim to obtain series C funding are no longer startups. They are usually established, successful companies in their late stages of development, with solid revenues and profits. Their core products or services generate strong demand in the marketplace, attracting a substantial customer base.
Companies seek series C financing for further expansion to reinforce their existing success. Following a series C round, a company aims to scale up its operations and continue its growth. The proceeds from this financing round are most commonly used for entering new markets, research and development, or acquisitions of other companies.

Full article;
https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/series-c-financing/