It Looks Too Good To Be True—But the Whole Story Checked Out—Amazingly!
Hey Subscriber,
As you know, we have been deep into the weeds with the Far-UV 222 public space virus/germ sanitizing technology.
Because all these stocks are microcaps and nanocaps under $100M values, they are very volatile. One of the smallest caps on our list is Optec International ticker OPTI which, in addition to some very attractive Far-UV 2222 technology being rolled out, also has some effective and low cost PPE equipment that they either manufacture or have assembled for them.
Well—this morning I got an alert from the SEC filings system that OPTI had filed an 8-k revealing that they had just consummated a “material transaction” within the last few days.
How material? Well here is the news release the SEC 8-K filing and their Investor relations manager and after a few hours on the phone and text messaging, this $2 billion PPE order DOES checkout—especially the CEO’s statements to the SEC (which if were false or missing important material details should be a felony non-disclosure violation on the part of the CEO.
OPTEC International Secures Significant PPE Contract
Thu, November 5, 2020, 6:30 AM MST·3 mins read
CARLSBAD, CA / ACCESSWIRE / November 5, 2020 / OPTEC International, Inc (OTC PINK:OPTI) today announced that it has successfully secured a fully executed definitive agreement for the supply of Brand Specific Personal Protection Equipment (PPE) products for a large International Commodities Consortium totaling in excess of $2 Billion Dollars US.
OPTEC CEO Roger Pawson commented "the company has been working for over a month to bring the transaction to successful closing and we are extremely happy to announce the execution of the definitive agreement and preparation of the massive logistics operation for the distribution of the products, furthermore OPTEC has entered into an additional agreement with an established Freight and Logistics organization for the transportation of products to the final destinations in the Healthcare, Medical, and Hospital sectors".
The company recently filed the following 8-K in accordance with SEC regulations:
Item 1.01 Entry into A Material Definitive Agreement.
If the registrant has entered into a material definitive agreement not made in the ordinary course of business of the registrant, or into any amendment of such agreement that is material to the registrant, disclose the following information:
On October 30, 2020 the Company (OPTEC) entered into a definitive agreement with a large International Commodities Consortium for the supply and distribution of Specific Brands of Personal Protection Equipment (PPE) for Medical & Hospital use throughout North America, totaling in excess of Two Billion Dollars $US. The agreement has been fully executed by the company and the buyer, along with proofed bank certified funds to complete the transaction in excess of $2 Billion Dollars US . The company (OPTEC) has already sourced and secured the products for the entire agreement, along with coordinating the logistics portion of the agreement. The product distribution is expected to be fully completed by December 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed the undersigned hereunto duly authorized.
https://www.sec.gov/Archives/edgar/data/1557340/000107997320000919/optec_8k.htm
In addition to the financial benefits to the company, shareholders and Investors the contract increased the need for the company to expand operations and the requirement for additional staff to oversee all aspects of the company's rapid growth.
About OPTEC International, Inc.
With Locations in Carlsbad and Vista, California, OPTECInternational is a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. The company's Safe-Scan product line is being launched at a time when HR directors and facilities managers are experiencing extreme concern with respect to keeping environments safe during the global pandemic crisis and the safe reopening of the U.S. economy. For more information visit: www.optecuvc.com
Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Opti, OPTEC or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. OPTEC International Inc.
OPTEC International, Inc.
Investor Relations Contact:
Andrew Barwicki
516-662-9461 / Andrew@barwicki.com
Contact: info@optecintl.com
SOURCE: OPTEC International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/614640/OPTEC-International-Secures-Significant-PPE-Contract
So let’s do some quick math. Based on the 500 MILLION shares it traded today, that traded about one third of outstanding shares. At 6 cents the actual float of 1.5 billion, we now have a $90 million market cap with a $2 BILLION Q4 in the bag and with most delivery in late 2020.
For context, OPTI stock ran to .185 on a SMALL PPE order in August and introduction of their Far-UV 222 hand held unit for self-sanitation—similar to Healthe’s (LSCG) deal with Boeing to build hand held Far-UVC.
Our contract due dilligence team has verified with the CEO Roger Parson that the filing is legitimate and that the information and disclosure of this monster order will hit in their Q4 10k filing and are indeed hard orders with purchase cash/credit facilities in place and validated by the CEO and CFO and corporate counsel.
This kind of monster order out of the blue reminds me of Kodak getting a $700 million loan so they can produce chemicals for COVID-19 vaccines. The bloodily stock went from $5-$80 in a few days as the day trading Robinhooders got into the stock to say the least.
Is it worth throwing a few grand at this insane but verified monster order?
Absolutely—but like ANYTHING that sounds too good to be true, no more than you would never notice in any account.
BUT—the ironic part here is we were very close to putting on our Ultra Growth portfolio based just on their Far-UV products and technology and patents.
The Game Plan
OPTI is trading up in the after hours around 7 cents...IF you are a trader you can trade it for a bounce at the open—its hit 8 cents briefly—but I will personally hold shares until OPTI has to file more details on where the order is from, what is the delivery schedule, what are the PPE products in the order, and that PAYMENT has been received for these COD orders.
In theory, with a 10% PPE margin, the stock reverse split for uplifting the Nasdaq, pre-split the outstanding shares should be worth $1.25-$1.50 fully diluted.
THAT is a nice return from 7-8 cents no?
But NOTHING in this speculation that you would ever regrets losing 50% of more on OK?
Could be a helluva holiday present, no?
But the upside on this one is just too stunning ignore—its worth throwing a few $grand at it and see if it sticks!
Good Luck To Us All,
Toby
PS last sale AFTER market was 3.7 million shares—SOEMEBODY knows something!