Safetek International Inc. (SFIN)

[Prudent Capitalist]

Bentley is conditioning the Reverse merger on the 1-for-500 Reverse split, coupled with the immediate issuance of 150,000,000 post-reverse-split shares to himself, such that Bentley will own 99.7+% of the equity in the resulting newly capitalized company, with the current SFIN shareholders holding less than .3 of 1%. He would only do the deal to get the shell, and he is not going to bring in capital, assets, and any businesses of value and just gift it to the SFIN shareholders under the current share structure. And the CE has to come off before any of this can happen.

Per the latest filings on November 13, 2021, the reverse merger with Bentley and acquisition of 100% of the outstanding shares of Bentley Intelligence LTD is dependent and conditioned upon the 1-for-500 share RS and issuance of 150 Million post-reverse -split shares to Bentley occurring first, i.e. the deal never comes to pass without the RS and issuance of the 150 Million post-split shares to Bentley:

On January 5, 2021, the Company entered into a reverse merger agreement with Bentley Intelligence Ltd, an entity organized under the laws of England and Wales, to acquire 100% of the outstanding stock of Bentley Intelligence Ltd. Closing of the deal is dependent on the completion of a reverse 1:500 split of the Company’s common stock and the issuance of 150,000,000 post-split common shares to the sole shareholder of Bentley Intelligence Ltd, Alan Bentley. As of the date this report was filed, the reverse split has not been executed