This was released yesterday by BP Borgers CPA. This sheds a lot more light on where the funding has been coming from. It also verifies the purchase price of Cannabase, which I elaborated on earlier.
I wish there was an update on the float number. There has been an issuance sold to the public for $21.00. I don't understand that. What was the point? But that means I have to change my page here to reflect the truth.
MY THOUGHTS: I love the term "restricted," but time does fly. By this time next year, nothing will be restricted to my understanding and we will be fast approaching the expiration of Series A.
It's nice to have a name, "Odeon Capital Group," of one vested party. It's an institution I can look up. I have three links from them on CNBC, though none related to Helix. It gives some insight into who has a stake, albeit a small one, in Helix. I'm not clear on what they put up to receive those shares, but it's nice to have an institution in here:
On December 16, 2015 the Company entered into a Convertible Promissory Note (“Note One”) with a lender (“the Holder) in which the Holder provided the Company $100,000, and the Company promised to pay the principal amount, together with interest at the annual rate of 7%, under the terms and provisions as set forth below. Note One is issued by the Company pursuant to a certain Subscription Agreement by and between the Company and the Holder. The principal balance of Note One shall be convertible at the election of the holder of the Note One, in whole or in part, at any time of from time to time, into the Company’s common stock at a 40% discount to the average market closing price for the previous 5 trading days, preceding the date that the notice of conversion is delivered to the Company in writing.
On December 18, 2015, the Company entered into a Convertible Promissory Note (“Note Two”) with a lender (“the Second Holder”) in which the Second Holder provided the Company $100,000, and the Company promised to pay the principal amount, together with interest at the annual rate of 7%. Note Two is issued by the Company pursuant to a certain Subscription Agreement by and between the Company and the Second Holder. The principal balance of Note Two shall be convertible at the election of the holder of the Note Two, in whole or in part, at any time of from time to time, into the Company’s common stock at a 40% discount to the average market closing price for the previous 5 trading days, preceding the date that the notice of conversion is delivered to the Company in writing...
Note 10 – Stockholders’ Equity
Preferred Stock On October 1, 2015 the Company issued a total of 1,000,000 shares of its Class A Preferred Stock as part of a reorganization in which Helix Opportunities LLC contributed 100% of itself and its wholly-owned subsidiaries, Security Consultants Group, LLC and Boss Security Solutions to the Company in exchange for 1,000,000 convertible preferred shares of the Company. The Class A Preferred Stock includes super majority voting rights and are convertible into 60% of common stock.
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