Optec International Inc (OPTI)

[Olderandwiser]

SEC vs Carebourn Capitol, toxic lender for OPTI:

OPTI is one of the 40 penny stocks identified by the SEC:

“Other issuers we found that relied on financing from Carebourn Capital included: Optec International Inc (OPTI), …”

SEC Sues Carebourn Capital, L.P. and Its Managing Partner Chip Rice for Acting as an Unregistered Securities Dealer:

.https://www.securitieslawyer101.com/2021/sec-sues-carebourn-capital-l-p-and-its-managing-partner-chip-rice-for-acting-as-an-unregistered-securities-dealer/.

“The SEC’s complaint alleges that Rice and Carebourn Capital’s business model was to buy convertible promissory notes – a type of security – from penny stock issuers, convert the notes into newly issued shares of stock, and quickly sell those shares into the public market at a profit.  The SEC further alleges that, since January 2017, Rice and Carebourn Capital purchased more than 100 such notes from approximately 40 different penny stock issuers.”

“The SEC Means Business: The SEC action is the latest in a series of actions against toxic lenders engaged in unregistered broker-dealer activity by regularly buying convertible notes from penny stocks issuers.”

“If you are an issuer or investor who is a victim of a toxic convertible note lender, please contact Hamilton & Associates Law Group LP at [phone] or by email [e-mail].”