Optex Systems Holdings Inc. (OPXS)

[shell3]

No he's already sold since June 26 - His equity of his un-converted does not change except interest added - Prefferred A's was $6,830 each and a conversion of $2.50 or the .0025 before the 1/1,000 split and now with the S-1 price as low as .95 - They'll Ratchet back the the Class A's and Class B's conversion - It's in the Deal from 2009 and today that hasn't changed and Sileas did at the minimum convert 1M shares and can't hold them but 9.9% - so I believe he just turned them and now can buy them back - but only to 9.9% of the OS - Deals already done by June 26 2016, it's in the filing - 1M plus shares of 1.6M Outstanding - Sileas can only hold 9.9% - My guess is, Sileas is holding now about 9.9% of the OS and was sold over July threw a couple days ago or maybe even yesterday to get the SP down past the new conversion - JMO