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I don't think I would short change Sinensky, considering what he's been able to accomplish in the last year. IMO, he's the best thing that could happen to OPTI.
50c will happen if they officially validate the Quest deal with numbers projected from it, super 8k the WS acquisition, AND confirm the $2B deal is being actively worked on, giving a more realistic date in its projected completion.
The rest of the world is still fighting covid tooth and nail, which makes having an international agreement to distribute PPE very lucrative.
OTC companies don't need to be SEC registered to file 8k's. But filing material events in an 8K puts the onus on them to be more compliant with SEC guidelines.
On October 30, 2020 the Company (OPTEC) entered into a definitive agreement with an International Commodities Consortium for the supply and distribution of Specific Brands of Personal Protection Equipment (PPE) for Medical & Hospital use throughout North America, totaling in excess of Two Billion Dollars $US. The agreement has been fully executed by the Company and the buyer, along with proof of bank certified funds, in excess of $2 Billion Dollars US, to complete the transaction.
The company (OPTEC) has already sourced and secured the products for the entire agreement, along with coordinating the logistics portion of the agreement. The product distribution is expected to be fully completed by December 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed, the undersigned hereunto duly authorized:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Optec International, Inc.
(Registrant)
November 4, 2020 By: /s/ Roger Pawson
Name: Roger Pawson
Title: Chief Executive Officer
https://www.otcmarkets.com/filing/html?id=14480238&guid=22LUkH__r4xZSth
Optec International, Inc. (OTC: OPTI) just announced breaking news that, "it has successfully secured a fully executed definitive agreement for the supply of Brand Specific Personal Protection Equipment (PPE) products for a large International Commodities Consortium totaling in excess of $2 Billion Dollars US.
https://www.prnewswire.com/news-releases/new-disinfection-technology-and-wide-range-of-ppes-emerge-at-a-time-of-need-301166964.html
On October 30, 2020 the Company (OPTEC) entered into a definitive agreement with an International Commodities Consortium for the supply and distribution of Specific Brands of Personal Protection Equipment (PPE) for Medical & Hospital use throughout North America, totaling in excess of Two Billion Dollars $US. The agreement has been fully executed by the Company and the buyer, along with proof of bank certified funds, in excess of $2 Billion Dollars US, to complete the transaction. The company (OPTEC) has already sourced and secured the products for the entire agreement, along with coordinating the logistics portion of the agreement. The product distribution is expected to be fully completed by December 2020.
When/where was a $2B dollar contract announced? I haven't found it. Anyone?
With the parent in California and it's largest sub in NY, OPTI's got the country covered from sea to shining sea.
The 50 and 200 are right together below .10, so that's gonna be a little hard to get thru for a day or so. She blew thru it on Tuesday's acq completion PR so an OPTI PR on the Quest deal would help a bunch.
Added more on the dip.
Thanks. Sounds good.
I see a nice rounded bottom on the intraday and close above .10 in OPTI's future.
Existing shareholders participated in the call.
Not seeing any discussion of the Zoom call so I'm guessing there was nothing in it that wasn't already known.
This is one of the best acquisition deals I've seen. Pay for it with borrowed money and restricted preferreds that go to WeShield insiders and then pay off the loan using the revenues of the acquired company. And the target company is ok with it because of the synergistic relationship with the parent and expanded growth prospects.
Nice, she closed above .10 and someone paid to get the news posted on Ihub.
https://ih.advfn.com/stock-market/USOTC/optec-pk-OPTI/stock-news/85312774/optec-international-inc-completes-70m-acquisiti
If Sinensky takes over as CEO it could blow thru .40 easy.
LOL! OK
SHMN Nice tweet.
The company would like to update that the process and appropriate due diligence procedures are going on as planned. The timeline for the earlier announced proposed acquisition is also on the schedule. The company plans to update its stakeholders in due course of time. $SHMN
— SOHM, Inc. (@sohminc) June 8, 2021
OPTI isn't exactly rolling in cash. They're delinquent on their Wyoming domicile taxes.
Couldn't get past 1st resistance. Now to wait for the Zoom to see how damage was incurred.
OPTEC International, Inc. Completes $70M Acquisition of WeShield, An Established AI Driven NY MedTech Company In the Medical Supply & PPE Space.
https://www.otcmarkets.com/stock/OPTI/news/OPTEC-International-Inc-Completes-70M-Acquisition-of-WeShield-An-Established-AI-Driven-NY-MedTech-Company-In-the-Medical?id=306410
News spreading slowly. No real reaction yet.
Looks like the deal is done. Maybe the selling with subside now.
https://www.stocktitan.net/news/OPTI/optec-international-inc-completes-70m-acquisition-of-we-shield-an-mwu63qnk198y.html
Same thing this morning. Small buys to prop it up followed by large bid whacks. It's never ending. When it will stop no one knows.
Looks more like a very calculated pump and dump by someone with a large number of shares to sell. Pump it up, sell in down, offer up a large fake bid to give support with a little buying, withdraw it, and do it repeatedly all day long. EOD buy it up with a few small buys to set up the next day for more selling. Very calculated, indeed.
Wondering why a PR about pending updates would cause a selloff. Also wondering if the 100,000 - 1 preferred conversion becoming effective on 6-1-21 has something to do with it.
2 days of descending triangles on the 5 min, and a head and shoulders top on the 60 min puts OPTI in the neighborhood of a double bottom on the 3 month. So far these guys are only proving they are good at blowing a perfectly bullish 6 month chart pattern. SMH
OPTI has a million in cash. Not nearly enough to buy out a projected $170M revenue company so shares is their only currency to get it done. Looking for another A/S increase to accommodate an acquisition price that keeps rising the further into negotiations they get.
I'm out for now and will wait for the deal too close to see if it is actually accretive to OPTI share holders. I'd much rather buy a rising stock than be stuck underwater in a falling one. That's just the way it has to go.
https://www.otcmarkets.com/stock/OPTI/news/OPTEC-International-Secures-Additional-Funding-to-Finalize-We-Shield-Acquisition?id=306012
Don't expect the WS deal to close this week. Legals involved are notorious for dragging their feet. Maybe next week. Maybe never. Take your pick.
The longer MA's are nearly meaningless with pinks. Penny traders rarely hold longer than a few weeks, most not more than a couple weeks. When they close the deal she'll gap over all that.
Sinensky seems like someone you always want on your side. Finds ways to succeed at whatever he endeavors to undertake. He makes things happen he wants to happen. Sounds like he really wants the OPTI/WeShield deal done.
Preferred share conversion ratio wasn't official until today. Was that the hold up on the deal closing? I'll wait and see.
This morning's breakaway up gap so far holding up nicely.
OPTI technicals are shaping up real nice here. Should continue thru next week till the deal closes and then she goes parabolic. If the deal is as good as it sounds like, I wouldn't even try to guess how high she runs.
All plans are subject to change. Next week being holiday shortened and many taking the week off, don't look for the deal to close until the week after.
A buy out offer from a big name pharma?
No doubt already posted but deserves a repeat.
https://www.bloomberg.com/press-releases/2021-05-25/novel-anti-cancer-drugs-permeate-the-marketplace
Looks like the Wed morning sell off is complete and it's time to reload.
Love the SS clarification in the interview. Love the preferred share and cash WeShield acquisition, best way too close a deal.