Optex Systems Holdings Inc. (OPXS)

[Ecomike]

Snakess,

We have 2 SEC fillings today and the stock is down from $1.07 recent high at .92, but the first filling sounds like good news to me.

https://ih.advfn.com/p.php?pid=nmona&article=75472348

On June 9, 2017, Sileas Corp. (“Sileas”), a related party to the Company, entered into a transaction with the Reporting Person to settle its February 20, 2009 note with the Reporting Person in the original principal amount of $13,524,405 (the “Note”). The parties agreed to a conversion by the Reporting Person of $3,358,538 of the amount due under the Note into shares of the Issuer common stock owned by Sileas and previously pledged to the Reporting Person as security with respect to the Note. Simultaneously therewith, Sileas made a $250,000.00 cash payment to the Reporting Person who agreed to satisfy $10,571,791 of the amount due under the Note. The remaining amount due under the Note is $64,000 which shall be paid in cash by Sileas to the Reporting Person on a quarterly basis.

Longview Fund LP now owns:

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.10%

It sounds like Sileas got rid of most of that huge loan, and Longview is now holding 37.1% of the common which can not be sold with filling a plan for share liquidation with the SEC.

So why is the price down?