Optex Systems Holdings Inc. (OPXS)

[Ecomike]

You use to tout the quarterly and annual losses in the millions per year as the reason it was a bad investment, so a first ever quarter with no loss and a real profit is very significant. Never mind how much the profit was. But is significant, especially if it continues since the book value from your link is nearly $5 million dollars and the Market cap now is barley or just under $1 Million. That makes it a $5 stock based on book value if they continue with profits (or at least no losses). So I ask again, why would any sane debt holder of preferred convertible debt sell at a 65% loss?

Why would the convertible debt people be converting and selling at a 65% loss when their debt conversion price was $2.50 a share? Did they sell at $2.50 and now the day traders are taking their losses while the insiders buy back?

It makes no sense. Never mind all the other BS dribble.