Replies to post #17534 on Optex Systems Holdings Inc. (OPXS)

[fireopal]

"there was never an 8k filed for the reverse split in the first place"

The Agreement also requires the Company to effect a 1:350 reverse split of its common stock no later than 90 days from November 17, 2014. http://www.sec.gov/Archives/edgar/data/1397016/000157104914006582/t1402258_8k.htm

[Ecomike]

In think you hit the nail right on the head, and did it with out an agenda, nice DD IMHO and clear headed thinking behind it, thanks!!!

The reverse split in discussion was a requirement of the noteholders. The noteholders made an investment but only under certain required obligations. There was never an 8k/a because there was never an 8k filed for the reverse split in the first place because there was never an RS. Why? Because of this statement from the 10q.......

All of the noteholders have waived the Company’s obligations to file a registration statement by January 17, 2015 and to effect a reverse split of its common stock by February 17, 2015.

This statement waived these obligations the noteholders required with their investment. Why? IMO because the noteholders don't see it necessary at this time.