Optec International Inc (OPTI)

[munimi]

I tried to warn you folks

Ur Welcome

:)

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Be careful everyone, Convertible toxic notes are converting at 0.005-0.006 (40%-50% discount to the lowest price , which is 0.01)
And if you look at the balance sheet there are tons of those

You can check it out yourselves here;
https://backend.otcmarkets.com/otcapi/company/financial-report/222102/content

So, I think It's ok for a quick flip only because of the low O/S and some momo chase in progress, but keep those 0.005 toxic conversions in mind , which I am sure note holders will aggressively take advantage of this mini surge while they can. So make sure to take your profits before they do

Also keep in mind folks, Company has NO assets...

I would strongly recommend everyone interested in this to read their most recent filing, here:

https://backend.otcmarkets.com/otcapi/company/financial-report/222102/content

Quote:
...The Company does not own assets. There is some inventory of Fuel Maximizer units for resell. The facilities of the Company consist of 2 Executive offices of approximately 200 sf each, with a monthly rent of $2,500....

And most importantly folks, balance sheet filled with convertible toxic notes which tons of them still left over balances due from previous months, not to mention current ones due now(below) and upcoming ones. All those toxic notes have 40-50% discount on them to lowest price(=0.005)

Here it is:
https://backend.otcmarkets.com/otcapi/company/financial-report/222102/content

10 mil. shrs toxic conversion at 0.0055 is due now ($55K toxic convertible note by Crown Bridge Partners , which is converting at 45% discount to the lowest price)

16.6 mil. shrs toxic conversion at 0.006 is due next week ($100K toxic convertible note by Morningview Financial , which is converting at 40% discount to the lowest price)

16.7 mil. shrs toxic conversion at 0.005 is due in couple weeks ($83K toxic convertible note by EMA Financial, which is converting at 50% discount to the lowest price)

And bunch more ,but above mentioned ones are the most urgent.
Also don't forget the tons more conversions still left over from previous months which is not fully converted yet, as you can see on the given link above to their most recent filings, which shows balances still overdue on past matured multiple convertible debt which has not fully converted yet