Optex Systems Holdings Inc. (OPXS)

[fireopal]

"..Our board of directors’ primary reason for approving and recommending the reverse stock split is to increase the per share price of our common stock to meet the listing requirements of the NASDAQ Capital Market (“NASDAQ”)...

If we fail to meet the requirements specified in NASDAQ’s listing standards, our common stock will continue to be quoted on the OTCQB under the symbol “OPXS....” pg. 5 http://www.sec.gov/Archives/edgar/data/1397016/000161577415001295/s101226_def14c.htm

As i posted long ago, this was a win-win for the company that made perfect sense because they were about to get booted off the OTCQB for not being able to even meet the .01 PPS requirements, so this move gave them a nice big window to stay right where they were and make even more money as the PPS worked its way back down :)