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Last year they filed NT10k on 09/28/2018 for extension, that’s why I asked him if they will file it on time or late like they did last year.
As you can see, he says the company anticipates filing the 10-k (their fiscal year end is 6/30) on time.
Meaning 10-k is coming within 90 days from 6/30.
Meaning it is coming on or before 09/28/2019.
Reason why I am so waiting for the 10-k is because the $10mil royalty contract they announced last Aug 2018, has a roll-out period, and it is my guess that the revenue from the deal should be printing for the last quarter (04/01/2019 ~ 06/30/2019)
So from tonight, I am gonna grab two rubber bands, and have both of my fingers crossed while I sleep.
El
Oh
El
I am replying to my own post back on 09/18/2019 about the e-mail I received from the CEO.
If it can help the pps action in any ways, i will just post his exact words here
My e-mail to the company was
Good afternoon Mr. Pawson,
I am a shareholder of OPTI, and had some questions regarding the company.
Company recently chose to go “Alternative Reporting” but stated that it will continue to be fully reporting and that it will be transparent. So even though I know you have a busy schedule, hopefully I can get some answers.
Q1. Will you still file 10-K through “otcmarket” and if so, can we expect it on time? (90 days from 6/30), or is it going to be a late filing like last 10-k?
Q2. Why was the A/S increased from 75mil to 150mil, then 150mil to 400mil, when the O/S is staying relatively low at less than 20mil?
Q3. Regarding the royalty contract between OPTI and “Nationwide Automotive Distribution Company” per company PR, is it still valid and on-going? I am not sure if I am asking inside info on this question or not, but I figured, since it is a public information from company PR, and have not noted otherwise afterwards, it is okay to ask.
Please help shed some light, because many shareholders are suffering from recent unexplainable drop in company’s stock price.
Thank you very much in advance.
Have a great evenning !
Hi,
Q1: A-Yes we will be filing quarterly and annual reports through OTC Markets , they will not be audited but will be reported and we are anticipating filing on time. The goal is to refile in the not too distant future for Fully Reporting re-instatement.
Q2: A- The requirement for the Institutional notes is to have a multiple of the anticipated shares required to cover the balance owed, but that multiple is usually a 5-10X multiple of the actual shares required and is labelled as a "Reserve" the shares are not actually issued unless during conversion the financial value of the original shares allocated do not cover the balance of the amount owed on the note. Thereafter when the note is fully paid the reserves drop off and remain unused. The reason for the increase in authorized shares the SEC requires there are sufficient shares authorized to cover such an event, hence the increase in the authorized shares.
Q3:A-We will need to address that publicly in a PR and financials in the very near future as it would be considered inside information if I addressed that in this e-mail. I hope you understand...
Q4: A- The recent drop in share price is due to the conversions by the noteholders and while they continue to convert it is reducing the company's debt and when complete the company will be introducing regular PR updates for the benefit of shareholders and Investors along with additional information which we believe will help restore the trading value of the stock. On another note there is a slight benefit this increase in trading volume that people are buying the stock at these levels which increases the number of shareholders which will ultimately show more "eyes" on the stock as the company announces news...
Hope this helps
Thank You
Roger Pawson
CEO
OPTEC™ Fuel Maximizer
Office: (760) 444-5556
Fax: (760) 683-6811
Email: ceo@optecmpg.com
Corporate Office
2721 West Loker Avenue
Carlsbad, CA USA 92010
Websites
optecmpg.com
optecintl.com
OPTEC is a green company. Please do not print this email unless absolutely necessary.
This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.
-----Original Message-----
From: Simonsong82
Sent: Wednesday, September 18, 2019 1:17 PM
To: ceo@optecmpg.com
Subject: Hello, I have some questions regarding OPTI
Good afternoon Mr. Pawson,
I am a shareholder of OPTI, and had some questions regarding the company.
Company recently chose to go “Alternative Reporting” but stated that it will continue to be fully reporting and that it will be transparent. So even though I know you have a busy schedule, hopefully I can get some answers.
Q1. Will you still file 10-K through “otcmarket” and if so, can we expect it on time? (90 days from 6/30), or is it going to be a late filing like last 10-k?
Q2. Why was the A/S increased from 75mil to 150mil, then 150mil to 400mil, when the O/S is staying relatively low at less than 20mil?
Q3. Regarding the royalty contract between OPTI and “Nationwide Automotive Distribution Company” per company PR, is it still valid and on-going? I am not sure if I am asking inside info on this question or not, but I figured, since it is a public information from company PR, and have not noted otherwise afterwards, it is okay to ask.
Please help shed some light, because many shareholders are suffering from recent unexplainable drop in company’s stock price.
Thank you very much in advance.
Have a great evenning !
I received e-mail response myself that include what’s written to yours, but that can’t change the pps action that’s going on...
I believe good days coming. Just feel terrible about my entry price lol
This pps is a joke.. not a funny one though
Yes no worries. This could be last dip/cover attempt before the report i believe.
You know that mm’s know when news or filings are coming before they come.
Usually pps goes up in anticipation of a qr/yr report.
Might even finish green or even today.
MM’s know traders watch level 2. So they trick you into buying while they sell you shorts, then trick you into selling to them when they cover their short position.
Best thing to do for a day like this, is just not watch it.
Regular people cannot short OTC. Only MM’s can. Not all market makers, but some do.
They do this for 100-300 different tickers everyday. That’s how they make their money.
lol yeah it does.
Look like they are trying to cover all their short position at 0.0101.
JMO
Sure hope so. No more red day in a row.
nvm CDEL present,,
Good morning !
CDEL MIA.
A day off ?
You bailed out at what was it $0.018? Make sure you pick up twice much shares if it were to go down below $0.01
For me, it doesn’t matter how low it goes as long as it reaches my target.
Too bad I couldn’t have more shares for the same buck. But don’t want to be shoulda woulda coulda guy. Will be happy with my gain if it reaches my target regardless.
GLTY
Dillution could well be still going on. But Optec is not $330k company, lol.
Need patience here.
I have done enough DD, I am confident with myself in red right now. 1-2 weeks from now, i believe we will be much higher. Hopefully I can get some more funds to pick up some more at this level, if it stays here for a couple more days.
Just want to point out there is no T-trade, today.
Last one I saw was last Wednesday for little over 230,000. And we all know the O/S updated on the 20th.
Believe it or not, more than few people are probably watching closely on the sideline, and they will jump back in when they confirm no more dilution from conversion.
lol he is just mad about LIBE scam. Told you earlier, right?
What need I more ? I mean just look at some of the findings. It’s endless.
I like it even better because company doesn’t make every bit of their moves as a PR.
Mr. Pawson seems to know, if he were to be releasing pr’s at the same time of some conversions, people can mistake it for a pump and dump by the company.
I know what he meant by - “company will be releasing PR’s on regular basis after debt is paid off, to restore shareholders’ value.” - now that I see just so many things are going for the company, they sure have News more often than regular basis.
Deal between “Songuo Motors” and Optec. Don’t exactly know what it means for OPTI, but just shows Optec is no joke.
Articles
http://en.songuoqiche.com/articlem/show_140.html
http://en.songuoqiche.com/articlem/show_141.html
Neuwai Website - Songou Motors EV Brand
http://m.neuwai.com/contact.html
Songuo Motors Website
http://en.songuoqiche.com/mobile.html
Here are some random links of partners and distribution channels.
I find the “Neuwai” company having Optec listed as their contact for US, very interesting. Optec is a eco-friendly green tech company, so they might have some sort of partnership, i guess.
http://www.gogreenapu.com/optec-fuel-maximizer/
http://www.m-v-t-s.com/certified-technology/engine-related/optec-fuel-maximizer/
Optec is in Mexico
http://optecglobal.com
Optec is in S.Korea
http://www.liwell.kr/skin_mw1/
Neuwai Chinese EV Company
http://m.neuwai.com/contact.html
There are so much more if I were to start posting about Optec EV and LED. So many things are going on for the company in so many countries.
Know what you own. OPTI is not $300k company. Not $3 mil company either.
Sooner than later, things will change here quick !
I learned that even with some buying volume, mm’s will short, and try to cover lower. Even if the buying volume forces the price up, and they can’t cover lower, they will short some more higher actually averaging up.
Then bring it down a little from the high, then cover, and still walk away without a loss, if you get what I mean.
We just can’t win it if they decide to play. Only the fundamentals and catalysts will make us go up, and make no mistake, they will still be playing this game every chance they get. It’s just part of the game.
Hehe not really. I have been watching closely for past many days. Have some patience and relax.
If we close above 0.015 is good for next session. If we close above 0.018, will be super, imo.
$10,000 for you maybe but your wisedom well taken.
We don’t lose or win until we close the position.
We move half a cent on 1 tick with volume.
Plan your own targets and just enjoy the ride.
I like watching OPTI move each day and studying charts is fun. Even mm’s manipulation is done within the charts. They know how to do it just enough so it doesn’t attract buying volume on their own.
Really excited how it is going to play out. Lately, i have been educating myself about the game called market.
I learned that, unless i am an active day trader, that does this for living, it is hard to win chasing winners. You win couple trades and lose it back on next couple.
Instead find a legit undervalued company and hold strong until your target. Happy to be here in OPTI at this level, at this moment !
CDEL still playing with us, once he made sure we have low volume today. Don’t worry about few ticks, CDEL has been and is trying to make couple hundred dollars driving it up and driving it down with a little help of CSTI.
Not much real trading going on except for first 30 minutes of the day.
PPS will find its place in couple weeks to couple months.
Hold long to beat the games and win !
Agree. Chart looks much better from Friday, it will set us up with higher before major buying volume comes in.
10-k, as CEO says company anticipates in filing on time this year, is due by 9/28/2019 which falls on this Saturday. And regular PR’s to restore the shareholder value, he also said.
Sorry i know, enough off topic there. Thought I share. Ditching real company right in front of their eyes and chase real scams and the outcome of it.
Yes. We all have been there done that. Chase a quick buck, get a quick phuck.
TIN0 doing samething, if anyone saw me talking with the other guy who is in TIN0, calling us scam last night... sigh
Exactly what happens when following hype, nothing but planned and controlled hype. LIBELOL
LIBE dumping started lol
Last time I checked, stockbaby was cheering there.
Small note. As you all know, company respond to investors inquiries promptly.
And also, even though the company hasn’t had PR’s recently (which will change), they are not totally silent FYI.
https://www.facebook.com/optecfuelintl/
https://twitter.com/optecfuelintl
Silently but actively achieving and thriving
Let’s not get ahead of ourselves. But it looks to be trading free of manipulation, at the very least. More eyes and momo will find us in the coming days and weeks
Ty guys. No matter what angle i look at it, looks a great opportunity at this kind of price level. Let’s see if market thinks the same.
GLT US !
Good morning and Ty for kind words.
Understand. Time will tell
Man I am a good DD’er tonight.
Go listen to this interview audio file back in Aug 2018.
https://www.smallcapvoice.com/8-27-18-smallcapvoice-interview-with-optec-international-inc-opti/
Ms. Jennifer Ferreira highlights the details of the $10mil royalty contract for OPTI ($40 mil for OFT) in much more detail than it is covered in company PR’s.
Skip smallcapvoice intro to 1:50.
About the contract detail starts around 7:50.
This contract definitely is still valid and on-going !!
Sleepless tonight.
I want to find out more about this co-inventor of the OFT’s patented tech, named Robert J. Thompson. But there are a couple of very famous people with that name, so only they pop up on search.
But here is the link to his numerous inventions and patents.
https://patents.justia.com/inventor/robert-j-thompson
He is no joke ! Just like the OFT’s Fuel Maximizer is no joke !
I suggest you keep OPTI in your close watch. Everything I am finding about OPTI is awesome.
Sure it got beat down, sure it has some dilutions from conversions, but who doesn’t ? Shells maybe.
This is a real company, real patented products, already has $10 mil contract, which we are waiting for their report to start printing revenue from the contract.
Good luck !
I just found out that there was a good reason behind the recent run after all.
On top of many patents OFT already holds, they just got another patent #10408172 granted on 09/10/2019.
And I believe it caused the run on OPTI 09/11/2019.
https://patents.justia.com/assignee/optimized-fuel-technologies-inc
You know, even though OFT is a separate entity, OFT and OPTI are really one company. Mr. Roger Pawson is the inventor of the OFT’s patented technologies, and also former CEO of OFT, now appointed as CEO of OPTI.
I look at the two companies as one. It was pretty much OFT going public by forming OPTI in Aug 2017 (fka Green Meadows Prods)
Operating under two different entities give us some good advantages though, 1. by keeping separate books and not having to worry about expenses incurring from OFT’s operations, and 2. for being able to execute their business model in little over two years, and now about to make some dollars in $millions. This was only possible because the products were being developed by OFT from long ago.
Now that the additional patent is granted, i believe they will surely accelerate their expansion domestically and internationally.
GLTA
That’s exactly what I said, isn’t it? I said good luck ! Meaning “play it right and make some money”
By the way, “dumb money” is a terminology, wasn’t refering to your money.
Well, too bad you will miss out on this one.
Good luck on the gold and energy plays though. That’s where all the momo, hype, and all the dumb money’s at.
I agree with that also. That’s after adding the fundamentals of what is going on with the company and the expected revenues.
I was just comparing with the market cap at the end of 03/31/2019 being at $3 mil.
Just to catch up to that $3 mil m/c we were trading at, we should be at $0.115.
And with so much more company has going on compared to before, the pps should be at much higher.
Just wait maximum two weeks, we will be looking at this conversation and pps like an ancient history :)
Yes I agree. Still a low floater, but having more float can prevent excessive manipulation by the mm’s.