Optex Systems Holdings Inc. (OPXS)

[littlefish]

There certainly was no ripoff for optex shareholders when it came to the June 2017 debt settlement. Longview if they wanted could have taken the common longs for a ride but opted in what I'd consider good faith since they were owed over $15 million by Sileas and the share price back then was well under $1. Terms were such that Sileas pledged the debt owed in shares of the company (hence I never would have touched this with potential share issuance toxicity).

I could imagine Longview being issued 20 mill shares back then to compensate for the debt but they only ended up with 3+ mill and took a loss on most of the rest of the debt owed it looked like. Plus the company bought back some of the shares and retired them.

My guess is that's a reason Alpha is moving on. The chances for further dilutive financing/share issuance decreased substantially once the Sileas debt was forgiven/repaid. So the opportunity to try to control more of the company thru convertibles or further debt issuance heavily decreased since the debt to Longview was retired/settled and the company has turned operationally profitable with bluer skies ahead.

All IMO only. Good luck.