Replies to post #100184 on SUTIMCo International Inc (SUTI)

[Kool Aid Man]

Eddie PR'd this last year on 6/4/20--

The management re formatted and updated its disclosure and financial file for the OTC Markets. The plan is to re file everything in the next 10 days. Once OTC Markets approves the filings, the company intends to file for an up listing to OTCQB and reducing its AS. (Authorized Shares)
https://finance.yahoo.com/news/sutimco-provides-business-development-shareholder-124500386.html

Eddie has steadily blown up both the A/S --from 2 to 8 billion even as he's made not a single disclosure since 2015.

NOW the O/S sits at 4.325 billion so how's he gonna "reduce the A/S" in any significant way and still have any equity left to build a viable business.

So according to Eddie he could issue the remainder of the 8 billion authorized shares with no consequence just as long as they're restricted from trading for one year.