Optec International Inc (OPTI)

[Olderandwiser]

update on audit status of OPTI:

Bottom line: no PCAOB audit form has been filed. (Shocker ) Details:

(H/T to a Twitter sleuth today on $OPTI for link to PCAOB.)

PCAOB = “Public Company Accounting Oversight Board”; it “oversees the audits of public companies and SEC-registered brokers and dealers.”

For example, Form AP is used to disclose the engagement of partners and auditing firms involved in an audit.
https://pcaobus.org/oversight/standards/implementation-resources-PCAOB-standards-rules/form-ap-auditor-reporting-certain-audit-participants

The last audit filing for OPTEC International Inc. was 10/4/2017. No form has been filed with PCAOB since then for OPTEC or OPTI by any audit firm… so, no audit has begun w/DBB McKennon and OPTI.

Also, Brett Rosen has stated several times recently that no audit firm has contacted him re: OPTI.

Filings by DBB McKennon:
https://pcaobus.org/resources/auditorsearch/issuers?firmnameuniquecurrent=DBBMCKENNON%20(United%20States%20%7C%203501)

The last audit filing for OPTEC International was 10/4/2017:
https://pcaobus.org/resources/auditorsearch/issuers/?issuerid=688419&issuercik=1557340

Here’s the CPA company’s website:
http://dbbmckennon.com/
DBB McKennon has “offices located in Newport Beach, San Diego, and Santa Monica, CA.”
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2 OPTI PR audit teaser flashbacks:

August 9, 2021: “OPTEC INTERNATIONAL Engages Certified Public Accountants DBB McKennon To Perform 2019 & 2020 Company Audits”
https://www.accesswire.com/658942/OPTEC-INTERNATIONAL-Engages-Certified-Public-Accountants-DBB-McKennon-To-Perform-2019-2020-Company-Audits
CARLSBAD, CA - August 9, 2021 - InvestorsHub NewsWire - OPTEC International, Inc. (OTC Ticker: OPTI) today announced the engagement of DBB McKennon as the company’s Certified Public Accountants to conduct the 2019 & 2020 Company Financial Audits.
As a well-established and respected “PCAOB” Certified Public Accounting firm, OPTEC management engaged the services of DBB McKennon’s Rancho Bernardo, CA location, easily commutable within 30 minutes of OPTEC’s new Vista, CA Headquarters. This should add ease of access to Inventory reconciliation and access to company records.
The object of the audit of financial statements is the auditor’s expression of an opinion on the financial statements to ensure the content is fairly presented.
OPTEC’s CEO Roger Pawson commented, “Upon completion of a satisfactory Audit for the periods 2019 & 2020, the company can be reinstated to OTC QB reporting, and thereafter upon meeting the specific criteria, apply to uplist to the Nasdaq exchange.”

And, regarding a FLORIDA auditor:

https://www.accesswire.com/652679/OPTEC-International-Retains-Florida-Professional-Accounting-Group-for-PCAOB-Audit-Preparation
CARLSBAD, CA / ACCESSWIRE / June 22, 2021 / OPTEC International, Inc. (OTC PINK:OPTI).
The company today announced the retention a Professional Florida based accounting group to prepare the company's financials for PCAOB audit. The firm have extensive experience in the corporate environment and will begin working on the OPTEC accounting immediately.
The process for completion of the PCAOB audit is expected to be finalized by the end of September 2021.
The company's plans after completion of the audit is to initially restore OTC: QB status with the intention of ultimately up listing to the NASDAQ exchange.