SUTIMCo International Inc (SUTI)

[Kool Aid Man]

"Fixed OS" fairy tale fiction

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.