Optec International Inc (OPTI)

[simon song]

You did the calculation the other day I remember, to cover the conversion, we will need about 300 mil shares.

If the rule 144 prohibiting conversion for non-sec reporting companies to convert no more than 10% of O/S every 3 months period, we would of seen 300 mil O/S by now.

I know you looked at the filings, so you know there are like 10+ conv notes that are matured, and 2(3? I forgot) more that matures soon.
My guess is each notes can only convert 10% of given O/S at the time of converting. Sometimes they will do it after another, or sometimes simulateously.

So my calculation was
From the time the company went “Alternative Reporting” which was on 02/27/2019
Each note holders can convert 10% O/S every 3 months, which means, each note holders could have converted 1 or 2 times each. (About 15 times all together)
So try to add 10% starting from around 11mil shares.
We were at 11,313,626 on 03/31/2019.

So here for example,
11,313,626 + 1,131,362 = 12,444,988
12,444,988 + 1,244,499 = 13,689,486
13,689,486 + 1,368,949 = 15,058,435
So on and so on... about 12 times total, you will get to around 35,507,004 which is very close to last updated O/S.

There is no clear calculation for this, as sometimes few note holders could have converted at the same time with same given O/S.
Hopefully I expained good enough.

But I firmly belive the company used this Rule 144 to protect us.