Announcement • Feb 12
RB Capital Partners, Inc. Announces Shareholder Update for Optec International, Inc RB Capital Partners, Inc. a judgment creditor against OPTEC INTERNATIONAL, INC. would like to clarify the judgment it obtained against the mismanaged company and its prior failed CEO, Roger Pawson. As the largest investor and legitimate shareholder of OPTEC, were forced to bring a shareholder derivative action against the company to secure judgment, oust the failing Roger Pawson and to try to preserve the assets of the company. The lawsuit was filed on the grounds that Pawson used the company for self-dealing, mismanaged the operations of the corporation, facilitated self-dealing and self and family enrichment at the expense of the shareholders, as well as diluted or dissipated assets, harming all of the shareholders of the company. On November 11, 2023, attorneys successfully secured a judgment against OPTEC and Pawson personally, for a cash judgment amount of $11,500,000.00 plus interests and costs for a total judgment amount of $14,681,270.50 against Pawson and Optec jointly and severally. The court’s judgment also prohibits Pawson from serving as a Director and/or CEO of Optec; prohibits Pawson from issuing any class of stock of Optec or transferring any assets of Optec to himself or any third party; prohibits Pawson from using Optec’s assets for his personal gain and to return all ill-gotten funds back to Optec, and finally, the court authorized RB Capital Partners, Inc, upon application to the court, to appoint a receiver to control Optec and its assets. Would also like to thank Mark Basile and all the amazing attorneys at The Basile Law Firm P.C. for securing this judgement and helping all of the shareholders. Announcement • Jun 09
Optec International, Inc. (OTCPK:OPTI) completed the acquisition of WeShield for $70 million. Optec International, Inc. (OTCPK:OPTI) entered into a term sheet to acquire WeShield on March 31, 2021. As of June 4, 2021, Optec International has secured additional non-toxic funding in the form a One Year Bridge loan to help close the WeShield acquisition. In addition to funds set aside from operations, the company was able to secure additional non-toxic funding to meet the closing requirements for the transaction. The acquisition is scheduled to close within 45 days of the signed term sheets.
Optec International, Inc. (OTCPK:OPTI) completed the acquisition of WeShield for $70 million on June 8, 2021. The consideration is in a combination of cash and preferred shares. Announcement • Jan 15
Optec International, Inc. (OTCPK:OPTI) acquired unknown majority stake in Z2O from iManage LLC. Optec International, Inc. (OTCPK:OPTI) acquired unknown majority stake in Z2O from iManage LLC on January 14, 2021.
Optec International, Inc. (OTCPK:OPTI) completed the acquisition of unknown majority stake in Z2O from iManage LLC on January 14, 2021.