Optec International Inc (OPTI)

[Charliebee]

Carlsbad, California: December 12th, 2019 OPTEC International, Inc., (OTC: OPTI) today announces the current status of the convertible notes within the Company and the revisions to the corporate share structure.

As per the recent PR dated December 10th, 2019, the Company is moving forward towards meeting the requirements for being reinstated to OTC QB fully reporting status. A number of steps are required to effect and complete the process, including the reduction of the convertible notes and frequent conversions. The largest remaining noteholder is expected to be fully converted and completed by Monday, December 16th, 2019, which should reduce the huge daily volumes witnessed this week. The remaining noteholders are in a more restricted environment for conversion at this time. The Company plans to continue publishing weekly updates on the Free Trading and Float status by way of Information Statements and progression on the Company Investor/News portal.

The increase in the authorized share structure became essential today for management to maintain control of the Company. The increase resulted in the issuance of restricted shares which in no way are tradeable within the market.

At the close of business today, December 12th, 2019, the Company’s total Free Trading shares are: 167,845,976

The Company will continue to publish weekly share status and other news.


Check out their website....this one will Be Going wayyyyy back upppp!