Replies to post #14498 on Safetek International Inc. (SFIN)

[Prudent Capitalist]

That is from the latest 11/13/21 filing. But, how can less than .3 of 1% ownership be giving priority to existing SFIN shareholders. Remember, Alan Bentley controls SFIN now and he is using the publicly traded SFIN shell to acquire 100% of the outstanding stock of his company, Bentley Intelligence limited. The 1-for-500 RS and corresponding issuance of 150,000,000 new post-RS shares to himself forms the consideration for the deal, and effectively guts current SFIN holders.

You just don't typically see anyone bringing Capital, assets, and valuable businesses into dormant essentially worthless shells and just gifting everything to the holders of the shell. Shells like this are everywhere and can typically be purchased for anywhere from $350,000 - $800,000. Investors can profit from obtaining control of an existing publicly traded shell if they can acquire one for less than it would cost in legal, investment banking, and CPA firm fees to go public on their own and complete an IPO.