Monitor for any Series A conversion events or a registered offering that could trigger automatic conversion, which would massively dilute existing common shareholders. The filing itself is administrative — no immediate trading signal.
Price Chart
Executive Summary
Kevin Jay Hayes, Jr., the President, CFO, and Secretary of Omnitek Engineering Corp, filed a Form 3 initial statement of beneficial ownership. He indirectly holds 15,000 shares of Series A Preferred Stock through Hard Rock Holdco, LLC, convertible into 750,000,000 shares of common stock — representing massive potential dilution relative to the current share base. The filing is a routine insider onboarding form with no trading activity or material corporate event.
Key Facts
- Kevin Jay Hayes, Jr. appointed President, CFO, and Secretary; filed Form 3 on 2026-10-08.
- Indirectly holds 15,000 shares of Series A Preferred Stock via Hard Rock Holdco, LLC.
- Each Series A Preferred share converts into 50,000 common shares, yielding up to 750,000,000 common shares upon conversion.
- Conversion right has no stated expiration; automatic conversion triggers on a $20M+ IPO at ≥$5/share or majority preferred holder vote.
- No open-market purchases or sales reported; no change in economic exposure.
Financial Impact
Potential dilution of up to 750,000,000 common shares from Series A Preferred conversion; current share count not disclosed in filing.
Risk Factors
- Massive potential dilution if Series A Preferred converts — 750M common shares could overwhelm current market cap.
- Insider holds control via preferred shares with conversion rights; governance risk for minority holders.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001477932-26-006118 |
| Document: 0001477932-26-006118-index-headers.html | 0001477932-26-006118 |
| Document: 0001477932-26-006118-index.html | 0001477932-26-006118 |
| Document: 0001477932-26-006118.txt | 0001477932-26-006118 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 8-K | $0.0300 $0.0200 | ▲ +33.33% | ▲ +33.67% | $0.0300 (+0.00%) |
Oct 9, 2026 18d ago | SC 13D | $0.0300 $0.0300 | · 0.00% | ▼ −0.06% | $0.0300 (+0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▲ +0.60% | $0.0300 (+0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▼ −0.60% | $0.0300 (−0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▼ −0.60% | $0.0300 (−0.00%) |
Oct 5, 2026 22d ago | 8-K | $0.0400 $0.0300 | ▼ −25.00% | ▼ −25.55% | $0.0300 (−25.00%) |
Oct 1, 2026 26d ago | 8-K | $0.0300 $0.0400 | ▼ −33.33% | ▼ −32.66% | $0.0300 (+0.00%) |
Sep 30, 2026 27d ago | 8-K | $0.0300 $0.0200 | ▲ +33.33% | ▲ +33.51% | $0.0300 (+0.00%) |
US Market Status
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