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Monday, May 16, 2022 4:41:30 PM
On 6/4/2020 CEO Vakser made the following promise--
"Once OTC Markets approves the filings, the company intends to file for an up listing to OTCQB and reducing its AS. (Authorized Shares)"
https://www.yahoo.com/now/sutimco-provides-business-development-shareholder-124500386.html
Well he clearly lied about that part. However--
His 2020 Annual Report said---
Total shares authorized: 8,000,000,000 as of date: 12/31/20
Total shares outstanding: 3,259,209,834 as of date: 12/31/20
https://www.otcmarkets.com/otcapi/company/financial-report/300277/content
His Q2 2021 report said--
Total shares authorized: 8,000,000,000 as of date: 06/30/21
Total shares outstanding: 3,784,209,834 as of date: 06/30/21 (+525 million)
https://www.otcmarkets.com/otcapi/company/financial-report/303436/content
Q1 2022 states--
Total shares authorized: 8,000,000,000 as of date: 03/31/22
Total shares outstanding: 2,969,209,834 as of date: 03/31/22 (a reduction of -815 million)
And as of 5/15/22 the T/A "VERFIED" the O/S as being 5.17 billion... that's +2.2 billion MORE than what he assured investors the O/S was as of 3/31/22. https://www.otcmarkets.com/stock/SUTI/security
IMO if Eddie ever actually did reduce the O/S he would have trumpeted it from the rooftops. He didn't.
Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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