Optex Systems Holdings Inc. (OPXS)

[fireopal]

lol note 4 & 10 have nothing at all to do with my post question concerning Arland,so let's try to stay focused here!! SO AGAIN >>> gotta link to filing that shows Arland's departure date along with date (s) for this insider's $15+M sales that legit companies provide to their investors??

And hey, math is not one of my strengths but i believe that contrary to your claims, 11,148,935 most certainly was more than 5% of the 139+M O/S back in 2011. Which by the way, is the same number of shares listed in his initial 2009 13G filing that company just kept bringing forward before dropping that $15+M & listing Alpha in his place. Imo, Arland is many things but DUMB isn't one of those things & i tend to believe that he sold with the pack back in 2009/10 & has been long gone!!

2011 10K - 4 >> Represents shares of common stock issuable upon conversion of preferred stock held by the stockholder. Sileas Corporation holds 90% or 926 of the preferred shares which are convertible into 37,040,000 common shares. Alpha Capital owns the remaining 10% or 101 preferred shares convertible into 4,040,000 common shares, representing less than 2.13% total beneficially ownership.

10 >> Shows effect if all preferred shares were converted at $.01 if the conversion price is lowered pursuant to the ratchet provision in the Series A preferred stock certificate of designation if the offering covered by this registration statement is commenced. -- pg.67 https://www.sec.gov/Archives/edgar/data/1397016/000114420411071709/v243906_10k.htm


5/14/09 Arland 13 G filing
ITEM 4 OWNERSHIP

(a) AMOUNT BENEFICIALLY OWNED: 11,148,935 Shares of Common Stock

(b) PERCENT OF CLASS: 7.88% -- https://www.sec.gov/Archives/edgar/data/1397016/000121390009001143/sc13g0509_arland.htm