Optex Systems Holdings Inc. (OPXS)

[shell3]

He's bailing on both, AXPW he's getting monthly Stock Conversion on what was debt owed to him, their Reverse re-opened with 1M shares out and it's now 40M shares out - Shares are coming from the conversions, as for OPXS, last filing shows he also converted Preffered A Shares, some 1.2M or so, rules are wrote that he can only hold 9.9% of the Outstanding which is 162,115

State the number of shares outstanding of each of the issuer’s classes of common equity, as of June 26, 2016: 1,621,145 shares of common stock.

He's got to sell 1M shares to get to 9.9% Holdings of the Outstanding

Preferred A Shares March 27, 2016 1,250,000

Simultaneously therewith, Sileas entered into a Blocker Agreement with us pursuant to which the Series A preferred stock shall not be convertible by Sileas into our common stock, and we shall not effect any conversion of the Series A Stock or otherwise issue any shares of our common stock pursuant hereto, to the extent (but only to the extent) that after giving effect to such conversion or other share issuance hereunder Sileas (together with its affiliates) would beneficially own in excess of 9.99% our common stock. Sileas also agreed to not vote any of its shares of Series A preferred stock in excess of 9.99% of our common stock. This Blocker Agreement has been waived by us until further notice.

Conversion was set at $2.50 per share - Class A Value was $6,830 each - Selias converted some Class A's to 1.2M Commons but can only hold 162,115

This must not be enforced - JMO - He's selling

Hirsherman is moving on with his life, something different because he's getting out of both these two - JMO
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11530006