Optex Systems Holdings Inc. (OPXS)

[linuspop]

value1008,

"To have a market cap valuation of $3M (relatively high for this co., no?)"

I'm not very familiar with this stock either, but they had a couple million in market cap yesterday, they added $4M+ cash to the balance sheet with this offering, so (share count aside) why would a $3M market cap (below cash) be high? On a superficial analysis, without digging, seems like the market cap should adjust to @ $6M after the new cash infusion. Again, I havent digged into the specifics here and not sure where that would place the stock with the new shares.