Optex Systems Holdings Inc. (OPXS)

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OPXS Past - Sec Filings DD - Part 1

9/12/08- Senior creditors of IRSN (Sensors), Longview (Hirschman) & Alpha Capital (Ackermann) formed OPXS Delaware and filed for incorporation.

Newly formed OPXS Delaware began the process of buying Sustut from newly appointed sole owner/director Andrey Oks who had just taken Sustut over on 9/15/08.

9/23/08 - OPXS Delaware borrowed $146,709 from OPXS Delaware - promissory note issued to Longview/Hirschman at 10% interest per year - initial 11/7/08 due date was extended until 3/29/09.)

10/14/08 - OPXS Delaware buys OPXS Texas via a public auction--- $5,409,762 and $540,976 Secured Promissory Notes issued to Longview and Alpha (6% interest per year.)... After 180 days Notes and accrued/unpaid interest may be converted into Optex common stock at a conversion price of $1.80 per share and/or redeemed prior to maturity at a price of 120%.

12/01/08 - effective danny shoening employment date signed by chairman/Richards.

12/12/08 - OPXS Delaware Longview/Hirschman form D filing for $2,250,000 proceeds for future private placement of exempt stock that Longview/Hirschman, Okamoto, Richards and Schoening would get a piece of after Optex Systems Holding Inc (Sileas) was established. See Form D Filing and Form D Explained- http://businessjournalism.org/2011/08/24/sec-filings-tips-form-d-private-companies/

12/28/08 - of the 300,000,000 shares issued, 50,000,000 shares were issued to the following

Longview (Hirshman) = 45,081,350
Arland Holdings = 4,918,650

2/20/09 Longview/Hirschman sold his 90% ownership of newly formed OPXS Delaware to newly formed Optex Systems Holdings Inc (Silieas) --- Longview/Hirschamn owns 80% controlling interest (so he basically sold opxs delaware to himself via opxs sileas.)

OPXS (Sileas) issued promissory note to Longview/Hirschamn for the full amount of $13,524,405 (purchase price) in exchange for 45,081,350 shares.

3/26/09 - before his resignation, sustut's newly appointed owner/director -andrey oaks, initiated optex systems holdings inc name change, issued a forward stock split along with designating 5,000 shares of preferred stock of which 1,027 shares were designated as Series A Convertible Preferred Stock.

opxs reconfirmed forward split to holders of record as of February 23, 2009.

Sileas Corp split = 76,638,295 shares
Arland Holdings, Ltd. split = 8,361,705 shares.

3/27/09 - OPXS (Sileas) and Alpha Capital Anstalt exchanged their 10/08 promissory notes in the total amount of $6,000,000 plus accrued and unpaid interest for 1,027 shares of Series A Preferred Stock.....

"...The Series A Preferred Stock is convertible into 41,080,000 shares of our Common Stock, and upon conversion, the Series A Preferred Stock would beneficially own 22.5% of our Common Stock. This would greatly dilute the holdings of our other stockholders..."

3/30/09 - existing shareholders of the opxs exchanged their shares with Sustut.

subscriptions for 27 units ($45,000 per Unit - each Unit worth 300,000 shares of "exempt" common stock.) Gross proceeds = $1,219,750 -- net proceeds = $933,945

Longview/Hirschman used his 9/08 ($146,709) promissory note to (himself) to purchase 3.25 Units (925,000 exempt shares) of Private Placement stock.

5/14/09 - SC 13G - arland holdings - 11,148,935 = 7.88%
5/28/09 - SC 13G /A - arland/momona - 11,211,435 = 7.93% -- no form 4 sec filings by arland or momona for any sales to date.

6/09 - ZA Consulting,Inc - paid $150,000 upon execution of the Agreement and received $5,000 plus 40,000 shares of restricted Stock per month to get opxs sileas listed with various pump & dump penny stock promotions for a solid year.

9/09 (bloomberg businessweek) Optex Systems, Inc. operates as a subsidiary of Optex Systems Holdings, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Central District of California.