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Optec International Information Statement

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OPTEC International, Inc. (OTC PINK:OPTI) clarified its Schedule 13G filed on August 31, 2020, by Carebourn Capital, L.P. due to numerous inquiries about the marketability of shares. The company confirmed that the shares in question are restricted for one year and can only be held in Transfer Agent Book-Entry or physical certificate form, thus not eligible for deposit with trading institutions. This limitation on share sales may affect liquidity and investor interest.

Positive
  • None.
Negative
  • Shares described in the Schedule 13G are restricted for one year, limiting immediate liquidity.
  • Restricted shares cannot be deposited with trading institutions, which may hinder trading activity.

CARLSBAD, CA / ACCESSWIRE / September 4, 2020 / OPTEC International, Inc (OTC PINK:OPTI) Today announced clarification of the Schedule 13G Filed August 31st, 2020 by Carebourn Capital, L.P.

The company is issuing this clarification statement as a result of the large number of enquiries pertaining to the ability for the Schedule 13G shares to be readily saleable in the current trading market.

The company would like to clarify the shares described in the filing are Restricted shares for a period of One Year and can only be held in Transfer Agent Book-Entry or physical certificate form and are not eligible for deposit with trading institutions. The earliest time of conversion from August 31st, 2020 is 1 year from the time of issuance,

About OPTEC International, Inc.

With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies. 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. Contact: info@optecintl.com Product Call Center: 877-955-8787

SOURCE: Optec International, Inc.



View source version on accesswire.com:
https://www.accesswire.com/604839/Optec-International-Information-Statement

FAQ

What did OPTEC International clarify about the Schedule 13G filed on August 31, 2020?

OPTEC clarified that the shares mentioned in the Schedule 13G are restricted for one year and cannot be deposited with trading institutions.

What are the restrictions on OPTEC's shares according to the latest press release?

The shares are restricted for one year and can only be held in Transfer Agent Book-Entry or physical certificate form.

How might the restrictions on OPTEC's shares affect investors?

The restrictions limit liquidity and may hinder trading activity, impacting investor interest.

What is the stock symbol for OPTEC International?

The stock symbol for OPTEC International is OPTI.

OPTEC INTERNATIONAL INC

OTC:OPTI

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6.73M
3.73B
Auto Parts
Consumer Cyclical
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United States of America
Carlsbad