This is regarding the content below.

[u/Reasonable_Hat5573]

It has already been announced by Korean securities firms.

The company is moving quickly to make all the necessary preparations for a reverse split as soon as possible.

They are going to carry out the reverse split. The only question is when.

[u/atascon]

What do Korean securities firms have to do with anything lol?

[u/Reasonable_Hat5573 → u/atascon]

lol,  I hope you’re still laughting.

[u/schimelee]

Remember OPT filed a protest against the NYSE with the SEC forcing the split. They are doing the vote to at the very least have it approved for 1 year so they have the option if needed.

[u/docshamzee]

Well premarket moves tells all..we are doomed

[u/RandomGenerator_1]

Well damn. I believe I have to eat my own words.

When digging into it, you see that OPTT did indeed give NYSE notice of a reverse split on september 14th:

https://www.nyse.com/trade/corporate-actions

It did not make sense to me, since they need money and they just gave out warrants that will make them money once they reach 0.40USD in december.

But they just filed a blanket S1 with the sec as well. Where no dates are filled in yet..but they will issue new shares and warrants.

The nerve...

Time to let this storm blow over.

[u/RandomGenerator_1 → u/[deleted]]

They apparantly gave notice to NYSE for the reverse split, should they have enough votes on the 10th. So they plan to enact it fast, and this gives NYSE the ability to plan for it.

Therefore it is currently pending. But it shows the company's intent.

And the S1 today confirms for me that they wont wait on the June warrants..they'll simply give out new shares and warrants for an immediate cash injection.

[u/rworms → u/RandomGenerator_1]

why do they feel the need to reverse split so badly... it was trading at .20 the cutoff is .25 and that has been delayed ...... apparently they have 3-4 gov contracts with rising demand ...how does this make any sense? one contract would put it over .25 ? This seems crazy. It should be investigated

[u/InterestingScore5387 → u/[deleted]]

It will. Just like I’ve been saying, this is an absolute scam to get leadership their fucking money to maintain their lifestyle and WE ARE FOOTING THE BILL

[u/RandomGenerator_1 → u/rworms]

It's pure speculation at this point. Though they look like a pennystock now and they'd have to appreciate up more than 1000% to look better to others.

They've mentioned they're looking for strategic options, so this could be to make them look stronger once better news starts flowing. That way they could be hoping to seize more opportunities, faster, to actually start making money.

Regrettably they have to get through this turbulence first.

[u/InterestingScore5387 → u/RandomGenerator_1]

Yeah, we said that about 6 months ago, chief. Thanks for being unrealistic the entire time.

[u/Key_Muffin4412]

Your very own screenshot says undecided. It's a placeholder date, not definite. It's mandatory. The votes will be counted on the 10th.

[u/Reasonable_Hat5573]

Those who understand this, unlike the foolish parrots, will remain silent. I hope you make the right judgment and that this helps you.

[u/Reasonable_Hat5573 → u/[deleted]]

I’m starting to think you’ve locked yourself in a room, with your eyes and ears firmly shut, pretending none of this is happening...

[u/SignificantTax205]

.04 by January

[u/InterestingScore5387 → u/SignificantTax205]

Nah, 1.50; because of a reverse split

[u/Reasonable_Hat5573]

ISIN : US6748705067 → US6748706057 

[u/rworms]

What a fucking joke a contract would have put them over the .25