Replies to post #86624 on Optec International Inc (OPTI)

[Olderandwiser]

still can’t find anything on Alexander Padilla, FYI:

Deep6, your post shows that Roger’s son, Alexander Padilla, received 75 million “new issue” OPTI shares in April and June of this year for “debt conversion” for “Optimized Fuel Technologies”.

I’ve searched some more, but I can’t find that Alexander has held any Officer or Director positions in Roger’s companies. But, Roger’s dealings are so complex and muddy (on purpose), I could have missed it. And, I’m not searching all of the OPTI documents, I’ve searched mostly the SoS filings. Hopefully, someone else can find it.

I also didn’t see Marcus Pawson listed as a current officer. But, he has been in the past.

The rest of this post is for folks who may not know of Roger’s history of shenanigans with his son Marcus. I tried putting together a timeline, but then I gave up. Too convoluted and time-consuming. So, I’ll just post the following. (Also, I think this topic has been covered on this message board.)

Marcus was a Director at OPTEC International for a short time. He was also VP of International Distribution (or VP of International Sales, in some documents).

Marcus was involved long enough to get millions of shares. For example, he owned “30.9% of shares based on 9,518,732 shares of common stock outstanding as of February 5, 2019”:

.https://www.sec.gov/Archives/edgar/data/1557340/000107997319000092/optec_def14c.htm.

3/14/2018: OPTEC’s CYA letter to the SEC about the cancelled agreement between OPTEC International Inc. and Optimized Fuel Technologies “for the International Licensing Rights for sales of the Optec Fuel Maximizer units”:

.https://www.sec.gov/Archives/edgar/data/1557340/000107997318000159/filename1.htm.

“As a Company we will be more diligent in the future.” (When?!)

“The Exclusive Licensing Rights Agreement has been retroactively cancelled, back to October 4, 2017 and is now a moot point.”

“On October 4, 2017 four million (4,000,000) shares of common shares were authorized to be issued to Marcus Pawson, Vice President of International Marketing and Sales, for consulting services regarding the sales and negotiations for the Optec Fuel Maximizer with international markets. In addition 12,000,000 shares were authorized to be issued to Peter Sollenne as a signing bonus as an officer and director.”

(Peter Sollenne was a placeholder for Roger, who was the President / CEO before and after Peter.)

As others have said: caveat emptor! Buyer beware!