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The way the came out with the filings it seemed as if they already along with the the otc have all of the information they need . For the filings that were updated on the 9th it should have taken longer than a day for their to release and update the revised attorney letter but it came out within less than a day so I have a feeling they have gotten the approval for pink current and it will most likely be updated on Monday but as well as you and I know it usually takes the company atleast a week to follow up with any other filings but this time it has come 3 filings on the 9th followed by 1 filing the very next day especially a day when the markets were closed
This is about to explode and this whole time many have been critical without any reasoning. But like I have said the only flaw that I had ever witnessed was with the management and their capabilities to run a publicly traded company once it hits qb status . At which point hopefully they will have a board of directors set up because if they do not then all of the potential to thrive once it’s qb status will be short lived . I have provided people with the pros and cons of this company and the obstacles they will be facing but like I have said always they have products that no matter how ineffective the management is will not change the demand and the interest from small time companies to eventually the big time . So try to rely on the actual inventory and the value that comes with them . The filings did provide an increase in revenue which no matter how you try to interpret it doesn’t have any effect on the evidence of the increase of revenue . Which they have already gone through the stages of a company using their funding to create and build their products . Now their at a point in which they are seeing revenue no matter how little it is . And then you notice again another increase in revenue which will continue to increase each quarter. These are the stages that provide investors with enough information to see if a company will be successful or not and to provide if its just speculative or the real deal .
And that is exactly the reason why I wasn’t going to give you any of my shares for .0006 . Their are those who buy In and doubt their investment and most likely they sell off of impatience and those that are content with just profiting 10 to 20 percent which personally isn’t my cup of tea and then their is me who no matter how low it goes I will just continue to add to my position and accumulate a massive amount of shares and reduce my average along the way . But will not even think of selling until it hits my price target which is a lot higher than where the price is at right now .
When it’s hard to rely on the companies expectations you look at the alternatives that can provide with some reassurance that they will follow through because if not . The cons can really dig them into a hole that will effect them personally the management . And trust me that is the biggest motivator for them to follow through . And as well as you know I never mind any of your questions they are always constructive and productive no matter if it is some of your doubts or understanding of the situation because some of it does confuse the hell out of me too . But people have told me they have different standards when it’s otc but I stick to the same standards for all of the publicly traded companies.
But jimmyzzz one thing I’ve got to point out is the wording that was used when they released the update about the logistics contract. In which they use words such as Carlsbad, California: January 3rd, 2020 OPTEC International, Inc., (OTC: OPTI) today announced the Company has (signed an agreement with )an existing logistics company with facilities in 38 states which are all approved as OPTEC Fuel Maximizer installation centers for the commercial fleet industry. This contract allows the Company to have a wide-spread availability of professional certified installation services to its customers in the transportation fleet industry. The Commercial OPTEC Fuel Maximizer product has a proven history of increasing long-haul vehicles’ fuel economy from 5-15% while at the same time helping reduce harmful emissions and reducing fuel costs for the fleet operators. The contract is expected generate revenues for company starting Q1 2020. Which is already enough if they were falsely stating can be enough to constitute as misleading and false information which if it doesn’t come to fruition they can be facing a massive fine and lawsuits for misleading investors. So keep that in mind when contemplating whether the ceo is dumb enough to recant the signed agreement he would actually be facing a lot of lawsuits and fines which I don’t think he is dumb enough to do that and plus he would loose his license by the stock exchange commission .
I never change my own personal investment in this stock with me I will buy until my averages look as good as possible but I can’t seem to grasp too many people believe they will become millionaires overnight and if they don’t they will blame the stock or say it’s a scam . Any investment takes patience and your own research which I personally do almost on a daily basis for every stock I have on my portfolio and using your own judgment is the best thing good amount of times . But I am a firm believer in every publicly traded company to have a public relations employee that can provide shareholders with a form of open communication
But in many ways we see a lot of stocks that have only received negative updates and all such as Boeing and still see days with great gains just part of the stock market stocks will go up and they will go down
Technically he was able to attain those shares by assuring a non hostile takeovers. So that’s when you saw a big difference in the share count and structure
I can always respect someone who has questions about the situation within a company and is wanting to understand some of the actions that have or have not been taken . Which I am more than happy to express my opinion about those questions . If someone is cursing and accusing without any reasoning than I will not respond but to want to know answers that have not been answered is part of being a human being and I would never want any person to lose any amount of money that they have invested . It might be naive but what can I say I try to give people the benefit of the doubt.
I am providing some things that are more or less seem to be expected with being part of the otc and trying to break down with what I believe are not helpful and a hindrance and also the reality that since it has allowed me to purchase with fidelity it’s good enough of a reason for me to believe that their is that proof of some progress being done .
No your questions are legitimate and all of your opinions of any relevance of doubt are realistic and are obstacles that this company needs to address in the form of at least a five person board member to be able to put pressure on Mr Pawson . Many things he has done has been absolutely unprofessional and further more a hindrance to the stock price . It would almost seem like he doesn’t know any better . But he does know about cars but knowing about cars and having the business sense are two very different things . I might be critical but it’s the truth and the reality that I am holding for the long run because of the hopes their will be some policies implemented to run a successful business .
But they were able to update all of the paperwork and the quarterly results to the satisfaction of the otc pink sheet expectations which honestly isn’t saying a whole lot but is good enough for fidelity to allow trading on the platform which they would not do if they didn’t have updated earnings results and all of the yearly figures . Which is a big positive factor for me .
Honestly the lawyer wouldn’t be able to explain much I regards to any errors or explanations in the filings all she was doing was acknowledging that from the best of her understanding that the paperwork and the filings were accordingly reported but they have their own accountants and that’s where I get frustrated because their are many things that are littered with half done figures and results . But doesn’t truly indicate the cash flow and the total debt after the notes were converted in December and the status of the remainder
Yes your right about that . It should show 5000 preferred stocks I am pretty sure it was prior to the end of the year
I am up on all my stock except this little guy . I agree with anyone that says wait until their is a good reason to buy in I bought a couple of orders today but without updates people should stick with what they have got in my opinion I just bought to lower my fidelity average today but I like the idea of giving the shareholders a reason to buy more shares
I am adding more in the morning hopefully it will be early enough before it passes my average in my fidelity account making up for lost time with fidelity
Also in reference to the date of mr Pawson s ownership of shares the reason why it increased since September statements is because the company needed to use a good amount of shares in of an event of a hostile takeovers so the rest of those shares had them secured of any
Hostile takeover
Yes jimmyzzz the knowledge comes with experience But I did see the financial balance sheets and saw Some things that were not up to date specifically the precise amount of convertible notes still owed and the precise notes that have been exercised up to date . Like I have said prior with the proper management and board this can be a great company let alone the fundamentals that you consider without the management. So I do have a lot of expectations for this stock but also am judgment about how they are running the company as of currently.
I agree with you about your opinion about Mr Pawson . Their needs to be board members for many reasons but the main reason for me is in order to put pressure and expectations to show results and if he is unable to then find someone who is able to . I would not use the term like a kid who needs parental guidance. I would most likely compare him to a person who is out of his element and has really no experience or knowledge of how to run a publicly traded company and all that comes with it . My advice for him is to bring someone on who can provide him with the fundamentals of running a company because every time I spoke to him he was very knowledgeable about the Fuel Maximizer and care in general because that was his job but when it came to anything else like the solar products and all other products and the status he was clueless in my opinion because prior to him becoming the interim ceo they had Peter Sollenne who was in charged of all of the partnerships revolving the led lighting and the other products that had much interest . But since mr Pawson took over it’s like their has been a total absence of any information relevant to any of the other products
This is the attorneys education Education:
UCLA School of Law, Los Angeles, California, 1996
J.D.
Law Review: Asian Pacific Law Review, 1995 – 1996
Boston College, Boston, MA, 1991
Bachelor’s Degree
Honors: 8 Semesters Dean’s List; Full Academic Scholarship
Princeton University, Princeton, NJ, 1989
Woodrow Willson Fellow
You do realize that they have business in Mexico and Canada what’s odd about hiring a certified attorney by the sec . It doesn’t matter what type of an attorney you have . Just because they chose an attorney who primarily practices immigration doesn’t mean they don’t know the legal process or procedures. They probably didn’t want to pay for a prominent attorney. But in general if they passed the lsats then they know what they are doing . Do you think just because you primarily work in immigration that you take a different test to get into law school
Haha the real reason I am here is because I owned this stock when it was trading publicly a year ago and chose to keep my shares and wait it out rather than sell all of my shares for a loss
Agree I still believe that they need to assign board members and get some well experienced management and they will be unstoppable
Yes I have continuously been just daily seeing if it would allow me to even trade and today around 11 I decided to give it another shot it didn’t hurt and wanted needed them shares so I tried and bam the orders were all executed without any disruption. Prior I would always receive a message saying this stock is not allowed to be purchased due to its status and that it was not reliable with updated information.
Also understand that the stop sign has been removed that is the only way I was able to purchase shares through my fidelity account . This Was the first day it was allowed in a year or so .
Haha none of your predictions were anywhere near spot on what are we supposed to watch and learn from you exactly how to continuously wrongly predict things . You are truly a joke and don’t know much
I tried today but am not adding more until Monday I have an overwhelming amount of shares and will have my cleared funds ready In my fidelity account next week but 3 million shares today adds my share count to 15 million . So y’all have got to finish the rest of the movement today I’ve got to focus on my biotech and pharmaceutical stocks
I told y’all once fidelity allowed me to buy the stock y’all we’re screwed today was just a taste of the first round
They are already pink current I just was able to buy more shares on my fidelity account which means it’s pink current and added some good quantities
Did not personally think they would actually be able to pull it off and move on from this attorney and transfer agent and fillings for some business updates
How does that work they delisted already over a year ago so they are becoming pink current . Don’t quite follow your reasoning.
Attorney letter and transfer agent verified and approved . What we get a hell yea . To those whom are somehow questioning the authenticity here is some authenticity the transfer agent is Worldwide Stock Transfer, LLC . And the attorney is a licensed and approved in California. So no need for conspiracies
Well it’s about time they published the attorney letter. Well let’s see what steps mr Pawson will take next . Great company like I said prior but not the best management
No they originally bought out green meadows and that was entirely under Peter Sollenne as the ceo . Mr Pawson was in charge of the Fuel Maximizer and that was his only extent he did not have any other form of influence regarding any other aspects of the company . Peter Sollenne was the founder and the one who was able to get many partnerships with all of the other products from led lighting and the solar products . He did a great job but when he left it seemed their was no more news or updates or even financial records updated from all of their other products which mr Pawson has seemingly not mentioned one bit . The problem is the Fuel Maximizer is a privately owned product and the one product that he was in charged of . But all of the present day products and partnerships that they have earlier committed to have not been even brought up . The only thing that was mentioned was the solar generator that they bought but that was it . It would make sense to get rid of any products that have not provided any revenue and save money and time for other company products. Even the filings don’t mention one thing about any of the other products just the Fuel Maximizer.
You clearly don’t have any knowledge of this company because he didn’t start this company and wasn’t even a ceo until Peter Sollenne stepped down about last April
I plan on buying more when the attorney letter is actually filed . My last buying round I picked up 4.5 million and adding to my position so far 10 million shares and average reduced from my last buying round to .001 which I am happy about not selling any shares and it will turn me a good profit it always does when I stick to my gut
Yeah well it is what it is . I am holding on to my shares because this will go up eventually . If they would only restructure their management and bring on a new ceo this could easily be at .10 cents already .
Well since their is No more dilution was a good enough reason for me to buy almost 10 million shares this company has and is a great company that being said it
Might be a risky purchase but most
People don’t understand
That as long as their are buyers their should only be gains but some don’t quite get that
I am with you . I wouldn’t say just yet about the conned part but time will tell . Like I said overall the company can be successful with the right management and an actual board of directors. If their is no risk or danger in any ceo if they don’t have the mindset that either you get results and if not the board would replace the ceo . So with no risk of him losing his job their is really not going to be an urgency for him .
I’ve been holding this and accumulating since this past September . I have absolutely no idea how long it’ll take for Mr. Pawson to do his god damn job . He is truly not up to the task of being a ceo in my opinion . The company has so much going for it except the management is really incompetent. They choose to come out with news an hour before the closing which is by far the worst possible execution . I have thought the whole time this could of easily of been at least a .10 cent stock already but like I said Mr. Pawson has been inept at doing even the basic tasks at hand