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Yeah, I'd agree with it not being the worst place, but I'm still confident. I am seeing more and more companies with seemingly less value (likely less baggage too, though) make big funding rounds. The dutchie stuff was one thing, then in the last couple days Fyllo got a nice little 30M oversubscribed injection. I truly think people are getting close to patching in on the cannabis tech players, I am a bit concerned Forian doesn't know how to market or sell itself properly though.
As for the leadership, I'm hoping that the FORA CEO, Dan can bring things to a solid stomp sooner than later. I know I've definitely been a bit critical of the "leadership" at the helix tech team, and I still am. It's nothing personal, as I don't really know them like it seems some folks on here do... but I have zero question they are in the wrong sandbox and playing way above their league. I think the FORA things was a smart and necessary move. I've always thought BB was an underrated firm, I expect to see big things out of them. I used to LOVE my BB phones. I think their initial mistake was waiting to go the android route in lieu of attempting their own entire marketplace instead of simply focusing on sweet proprietary apps that only work on BB devices. I digress though.
I'm hopeful it will go up, but I am still ahead at the moment so I'm going to just smile and go with the flow.
Better than it was 2 or 3 months ago. Still better than .20 pre-merger.
I think it would need to drop to $5 for all insiders to have nothing, so I think it's a good place to be in an illiquid stock. I'd stay optimistic.
My interest is in BB (Blackberry) these days. They acquired Cylance and had hard integration issues. That could happen here. But it's intesting how much companies can change and evolve.
On a *price per share* only, BB and FORA are equally priced almost. I have 3,000 shares in BB and 100 shares here. So, BB captures all my attention these days. And I sold 30 PUT contracts for $8,000 in revenue on BB this week at the $7 strike almost 2 years out. So, FORA is just a tiny blip in my portfolio. It's not going to break or make me one way or another.
But one thing is for sure. Even though FORA is a tiny fraction of the size of BB, they have both have high-tech convoluted integrated things going on. Both technological plans for the future. Some similarities; albeit different industries. Both in security though in a sense. And now, they are both on reputable stock exchanges.
I'd be optimistic. I feel more comfortable in BB just becaues of John Chen and Prem Watsa, but you are a lot more familiar with the leadership of Forian. I'm not. The $H$T show at BB has been going on for 10 years now. LOL They aren't a phone company anymore. Acquisitions, indigestion. It happens to all of them. Change is hard! But it can be worth it! It has a happy ending for all or a bad ending for all. I like alignment of interests!
FORA is a real company no matter how it all ends up. And that in and of itself is something to feel good about.
So I'm looking over all my stuff, did I miss something? It looks to me it ended up being a 20:1 in the conversion of our shares to Forian ones? So instead of $0.10 it's $0.05 per $1. That kind of sucks. I mean it's still much better than it was 2-3 months ago, but I got my hopes up. I'm actually pretty optimistic despite the shit show so far.
10-22-20 Rough Calculation
So in this post, I said:
It's much easier to round that up to 200M for HLIX's fully diluted OS and round Forion up to 20M shares for a good margin of error, and for easy, quick math.
So for every $1 of Forion, I can convert that to $20M for my market cap translation. And for every 10 cents of HLIX, I can quickly compute that as a $20M market cap.
Therefore, for my own personal calculation, I'm going to go with .10 cents of HLIX is equal to $1.00 of FORION. HLIX at 50 cents is FORION at $5.00. Makes it simple, makes good margin of error, makes it clean and metric kinda math. Multiples of 10.
So that's 20M is fully diluted. Looks like FORA came out as 36M fully diluted. Almost twice as much as my rough guess.
I think HLIX closed at .86. And I'm not sure where HLIX opened as FORA, but it sure wasn't at $8.60. So I ended up buying 100 shares of FORA for almost twice that amount. Whew! I should have just done nothing. Oh well. I'm just going to do some dollar-cost averaging over the months IFF the stock falls. Or if it goes upand nevercomes back down, I'll just have 100 shares of FORA.
For now on, I'm just going to do 100-share purchaes of FORA and KERN at the same time, at long intervals, IFFF they are both below what they are at now. Maybe one will buy the other one day. Or not.
That's a no-lose math situation as I see it. slow-wealth accumulation or small instant gratification. I have no idea how the cards will fall. Things are convulted beyond my understanding at this point. But it's going to be a fun adventure. That's all I know.
Good job!!
Great timing!!
thanks, Noble. I hope you are right.
I hope ur right Hidden. But...
i've been scowling the boards leading up to yesterday, i've seen very little about Helix or Forian, going back weeks. not a lot of anything out there. When it hit 45 today, who had access to sell their shares? not me. On Fidelity, usually 48 hrs to convert and hadn't converted yet.
Based on their marketing and positioning, FORA is a high tech bio medical services company; no longer having the sole moniker of being a "cannabis" company.
For comparison, I look at companies like CGC, GW Pharm...etc., even NIO, all trading at $30, $40, $50 per share, and they are all 500M- multi-billion dollar companies. Maybe FORA will do something. But I liked them better as an OTC with tremendous upside if they weren't manipulating the stock price with their pumps and dumps. They were on their way to becoming a $5 stock by eoy, and would have had the leverage to sell, merge or gone to the NASDAQ on their own; had made a lot more money in the process and not have f*ked their shareholders...the ones who helped get them there.
Chewy, I don't think you made a mistake.
You said:
I bought 60k of HLIX at .20. I haven't sold any of it and i think it was a huge mistake. How is this not a 20-1 reverse stock split at .05 conversion? FORIAN has to debut at $20.00 on the NASDAQ, for the shareholders to break even. too late now - why is this a good for the shareholders? This is a shit sandwich with a huge helping of regret!
I had 20,000 shares at that .20 price at one time. If I had *not* sold it, I'd be better off right now. Today, I bought 100 shares at $14.50 ish. It closed at $15.61 and is at $16.00 in after-market right now.
IFFF I had done nothing, like you did, I'd have 1,000 FORA shares right now worth $16,000 in after-market. Instead, I have $1,600 in after market and bought higher. You are better are off as of today. It may stay that way. I have no idea. It's better to be here on Nasdaq I think.
.20 was a good price for you. .21 pre-conversion is where Zac's options are priced at *to my understanding*. And the director can exercise at .15 pre-conversion. Some pre-madonnas around here for sure, but you are priced in good company.
I'm back in at $14.50
Actually, I'm all over the map and can't think straight. So distracted with other things. That was 32 million shares *fully diluted*. That's not as bad. We'll see how it all unfolds. It seems that FORA is priced equally to KERN right now.
Heck, I'll just take a foothold in both
03/04/21 15:31PM EST Buy 100 KERN Executed @ $4.48
03/04/21 15:30PM EST Buy 100 FORA Executed @ $14.4521
I'm just throwing money away today for no reason. I actually got a 6 percent raise at work today, so I'm pretty happy today.
So, we'll see what happens. There goes $2,000 to the wind! I don't know which way the wind is blowing.
So 3 feet in Cannabis. That third foot through JVA which is coffee going into CBD. And JVA is real value. These are speculative. We'll see. I have 3,000 shares in JVA, so my true investment for Cannabis is in JVA. HLIX and KERN -- I trust neither one of them. But I'm thinking these prices are okay to have a foot in and see how it plays out and keeps it on my screen thsi way.
Oh, shoot, what the heck. One more foot for KHRNF where Vincent Fox is at:
03/04/21 15:36PM EST Buy 10000 KHRNF Executed @ $0.35595
I'm just throwing money away today. I got a raise. I'm happy, . Well, there goes my raise!
4 feet in for Cannabis! 4 feet are better than 2 feet. Seems evolution goes that route more often.
So they haven't converted to HLIX symbol yet? See, that's the part I was in the dark about. I don't know if they would transfer automatically. I don't think that's right.
It's really, really hard not to let Mr. Market be your guide. Prices that go up are tantalizing. But it's the prices that go down that are truly the good ones. So now we know that 32 million shares is the outcome of all that. I dont even know what my rough calculations were. I remember coming out at around $5 or so during the price it was when it was 20 cents or so. I have to go back and look. I don't remember...
Oh wait... Changed mind
I just cost myself $100 for no reason. I sold at a loss:
Sell 100 FORA Executed @ $14.3837Mar 04, 2021 3:12 PM ET
I should have looked closer. 32 million shares here. That's a $512 million market cap. That's expensive. Kern is priced at a $121 million right now and that's still expensive for them, but KERN is a much better buy today. As I see it.
I had a knee-jerk reaction without thinking. This could go to $40, who knows. It could be volatile. I don't trust anyone around here that don't have their hands tied.
I want a p/s of 1. I'm really loving vlaue out there as in JVA. Tesla is falling badly, and rightly so. That' my short. Way over priced. It' snot that I don't like Helix. I just don't like the price. I dont' evne like fair prices. I want punch Mr. Market in the mouth.
Wow it's FORA now
I didn't know this happened already. I can see it on Etrade. Range of $13.50 to $40 in one day. Wow. I just bought 100 shares:
Buy 100 FORA Executed @ $15.6945Mar 04, 2021 3:02 PM ET
I just need to get it on my screen so I can keep track. I'm soo busy at work. Yet, ironicaxlly, it's so slow at work right now. Just so many things going on. I have no idea what the market cap is or anything. I just noticed that there is no options market like on KERN, but I bet that changes. It doesn't even say Nasdaq. Symbol not on Seeking Alpha yet. I don't know... I'm driving blind right now.
Just got a foot in door for now...
I'm so upset. My stocks are taken 'hostage'. In my TD Ameritrade account, I have no access to my HLIX shares. They have not been transferred. I can't believe this is legal.
Now you are north of $30
Thanks KMP26. That's what I thought, but I looked back to a post that NobleRoman posted back in October and it said I would have 28% of my stock value. I believe your numbers are correct.
So I looked up the current value and it appears it closed at $22.90. Can anyone confirm?
https://thestockmarketwatch.com/stock/?stock=FORA
Wish I had control over my stocks. Praying the value doesn't fall.
If you had 35000 hlix You should now have 1750 shares of FORA
20:1 reverse split- you have 5% of 35000 shares at whatever price
Some one please correct my understanding
A good outcome
So if I had 35,000 shares and my new shares will be 28%, that means I will have 9800 shares. And if the current price is $22, does that mean the worth of my stocks is now $215K? Any thoughts on this NobleRoman? I would appreciate your input.
My stocks are stuck in TD Ameritrade. Didn't realize that they would be 'frozen'. They're waiting for HLIX/FORA to make the exchange. Praying that nothing happens in the interim.
So, I agree it's less than ideal given the current momentum, but given the ride and where it's been most comfortable this is a huge step up. Looks like it is set to close on day one at $19, not the best... but I think given the average trends over the last 2 years with HLIX, most of us are just hoping for some better stability and I think it's here. Hopefully with this new leadership at the helm it'll do what it's been ready to do.
I bought 60k of HLIX at .20. I haven't sold any of it and i think it was a huge mistake. How is this not a 20-1 reverse stock split at .05 conversion? FORIAN has to debut at $20.00 on the NASDAQ, for the shareholders to break even. too late now - why is this a good for the shareholders? This is a shit sandwich with a huge helping of regret!
HLIX: Shareholders of Helix TCS, Inc. (HLIX) will receive 0.05 shares of Forian Inc. for every share held of HLIX according to the terms and conditions of the merger with Forian.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
The merger is complete. Here are the results of the Shareholders meeting and all appropriate filings
https://ih.advfn.com/stock-market/USOTC/helix-technologies-qb-HLIX/stock-news/84477966/current-report-filing-8-k
https://ih.advfn.com/stock-market/USOTC/helix-technologies-qb-HLIX/stock-news/84478039/termination-of-registration-of-a-class-of-security
https://ih.advfn.com/stock-market/USOTC/helix-technologies-qb-HLIX/stock-news/84478005/post-effective-amendment-to-an-s-8-filing-s-8-pos
I think the meeting was postponed??
Many thanks
It should be good listening tomorrow
Best regards
Does anyone see a notice for March 2
Shareholder meeting???
Thanks
A year ago to the day almost I became lead plaintiff against a large energy company that was bought out by a larger private company. If I'm bought out, I want to stay public. Not forced to cash out at gunpoint. So, I hired one of our clients. They had announced an investigation and demanded documents and found conflicts of interests. I sold my rental properties. Luckily before the pandemic hit that blindsided me. And I put some of it into this energy company I LOVED at $18ish. Great dividend. It was better than rent. Mjuch better than rent. Steady income and it appreciates like a property too. But NO WORK. And never a down month when it's vacant. No maintenance. 100% rent in my pocket.
Nobody to decide that my refridgerator belongs to them. Nobody ever again to decide they are a plumber and do work without asking and then flood my neighbors and say "I don't know what happened" or "I didn't do that." No more law-ignorant folks that don't undestand that when they change a fixture, that by law it becomes my property. Anything attached to the wall is a surrender of your property. No more sending a contractor over to someone that won't answer the door because they "didn't hear it" or were "asleep." No more "there is nothing I can't handle" and come to find they can't handle anything . No more phone calls. No more pets snuck in when rules are clearly NO PETS. No more disrespect and self-centered people spoiling the crop for the few good ones.
Then, a bidder came. And offered me $27 per share. I said NO. NEVER SELLING. But others had other ideas for me and vetoed me. Said my vote didn't matter. But I DO MATTER.
Still hasn't made it to court, but you never know what kind of dirt will come up until you look under rocks. Rocks companies don't like to hand over without court order. And even then, they try to be defiant. Be happy with my gains they told me. The pandemic hit a few weeks later, and they reiterated to be happy. Look what would have happened had the deal not happened. Prior I had voted NO to the deal.
Actually, companies rebounded very nicely since then. All companies. And I was forced to choose another green energy company in CWEN.A as a substitute. A lesser of a company than the one that was taken away from me at gunpoint. I love to have muscle behind me when injustice happens. It's a big firm, and several other firms as well. Class action. But since then, I've been dumped as lead plaintiff. Someone else felt they were more deserving of that title and won their hearing on that. As it was explained by my counsel, the judge "essentially flipped a coin" and I lost the coin flip. And that's fine with me! I don't want to be lead plaintiff. My representation did, but I didn't. Too many questions. I like it better how the cards fell. Or, rather, how the coin fell.
And since then, Defendant has tried to dismiss. That's where they are now. The last hearing, the Judge wanted to hear more "oral arguments" or some term. I can't remember. No ,more "proofs" or something. I don't remember. And that date is still pending... But things are moving forward nonetheless. I have piles of "evidence" that I was cc'd on. Some do look nefarious to me. Backdoor meetings. Conflicts of interests. Confidential stuff, can't elaborate.
But point is, never say never. Little guys out there, never lay down!
Lawsuits that will go nowhere.
Stockholder Lawsuits
Beginning on February 16, 2021, four lawsuits were filed by purported Company stockholders (captioned Dillion v. Helix Technologies, Inc., et al., No. 1:21-cv-01365 (filed February 16, 2021 in the United States District Court for the Southern District of New York) (the “Dillion Complaint”); Baros v. Helix Technologies, Inc., et al., No. 1:21-cv-01425 (filed February 17, 2021 in the United States District Court for the Southern District of New York) (the “Baros Complaint”); Anderson v. Helix Technologies, Inc., et al., No. 1:21-cv-00464 (filed February 17, 2021 in the United States District Court for the District of Colorado) (the “Anderson Complaint”); Robinson v. Helix Technologies, Inc., et al., No. 1:21-cv-00484 (filed February 18, 2021 in the United States District Court for the District of Colorado) (the “Robinson Complaint” and together with the Dillion Complaint, Baros Complaint and the Anderson Complaint, the “Complaints”)). The Complaints were filed against (a) the Company and (b) the members of the Company’s Board (the “Individual Defendants”) and the Baros Complaint was also filed against Forian, MOR and Merger Sub. The Complaints generally allege that the defendants violated Section 14(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by, among other things, failing to disclose material information in the Proxy Statement regarding the sales process, reconciliation of certain financial projections regarding the Company certain inputs underlying Management Planning, Inc.’s financial analysis, and potential conflicts of interest of involving the Company’s insiders. The Complaints also allege the Individual Defendants (and the Baros Complaint alleges Forian, Merger Sub and MOR) violated Section 20(a) of the Exchange Act as controlling persons who had the ability to prevent the Proxy Statement from being materially false and misleading. The Complaints seek, among other things, an injunction against the consummation of the transactions contemplated by the Merger Agreement and an award of costs and expenses, including a reasonable allowance for attorneys’ and experts’ fees
Reverse splits happen but when they do you still have the same monetary amount as you did prior to split. Sure it would be nice to have 100,000 shares at $20 instead of 5,000 at $20 (just an example) but to trade on the nasdaq you need to have a higher price per share than what it is currently at. I would have liked a 5-1 or at most 10 to 1 split but the stock price was too low. Blame that on the biotrack people who had 20 million shares and dumped them all which ended up crashing the share price. If anyone should be sued it’s them. The merger will happen but since it’s coming people want their money so lawsuits are flying, people called the ambulance chasing lawyers. I do still think it’s also a way to keep the share price down but that’s my opinion.
For these guys, they are up several hundred percent. They aren't really down.
I'm not in the stock. It's not really a "reverse split." It's more than that. It's a way to Nasdaq. KERN went to Nasdaq through a nefarious shell, one of their direct competitors.
This comes with an expanded board and $10 million in cash if memory serves. I can't think of any downside to shareholders. That .05 was raised from .03. I'm only *speculating* because of pressure from watchdogs. I think it's much better to do this deal.
And I say it doesn't matter becausae the YES votes are already there from insiders. It's the right choice. No point to fight with a vote. YOur vote doesn't really count. And I'd be very happy as a shareholder wtih all these watchdogs involved in the process, watching my back.
IFFF I still had my shares, I definitely would have sold almost all at .50 and even more at .90. I'd be left with no much here IFFF it were me, so that might be why you are down in the last two weeks. I don't really know. The less the time, the more the gamble. I really don't know what it's going to look like when it emerges. I've always said my price is down ther ebelow .20 with insdiders. I may not ever get it.
The world is my oyster. I'm more happy with AVNI where I control all the water. An empty shell. If you want some, somebody (not me) put an ask at .46. I'm only buying below .15. IFFFF somebody ever throw in the towel. Not much water in those hills. This is shares galore. I don't like oceans. I like deserts. I like to price gouge. I want OPEC type partnerships. Here, too many loose hands. They can't be shot for not following OPEC rules. LOL
So, that's how I see it.
And, I also don't like anyone with convertibles, especially variable-rate convertibles, that any opportunity to buy below me with no risk. They should be shot but they are protected by law, so can't shoot them. I want the kind of markets cartels enjoy. And brokers for commodities like coffee beans. The guys in the middle of the sand-clock type distributin where price gouging happens right there where the brokers and cartels reside.
Noble - when u have the energy, please share. Ive been on several message boards, including yahoo and r/weedstocks, and cant find any conversations about why its a good thing, or bad thing. ...or why the stock has dropped almost 57% in the last two weeks?
The correct answer is vote YES. And you have no choice. Mere formality. The vote is a done deal.
I'd love to explain it to you, but I don't have the energy today.
HELIX TCS/MOR Analytics - Merger??
The merger coming up, there's a meeting in March for the shareholders vote. The current stated conversion is .05 for every Helix share owned. So, if your holding 100k shares, you will now have 5,000 shares in Forian; this is a 20-1 reverse split. The new company will move to the NASDAQ. Why should shareholders vote yes on this merger? ...your thoughts, insight and opinion are all welcomed. thank u.
http://archive.fast-edgar.com/20210211/AL2TT22CL222G97Z2I2O2ZY2KA4PZ222Z232
Stop Orders
My brother texted me last night, saying his stop order was filled at $70 on Tesla. He'll be happy with $16,000 profit, he said. That's what people need. Stop-loss orders. Now if it goes back to $850, who is going to blame? Me. He still blames me for scaring him out of Netflix. I blame it on Warren Buffett who said he wouldn't touch it and scared me out of it. I just told him to be wary of rosy pictures. I didn't *order* him to do anything.
Who can I blame for HLIX? I blame myself for not keeping some chips on the table. But when I do leave chips, I later end up with "zombies" that become clutter.
Who do I blame for the investigations around HLIX? Helix! I think if Vincente Fox was on this board as he should have been, there would be no investigations and no regrets. And I blame the dilution. I sure do want to see what Forion looks like when all the dust clears. Very, very interesting company.
Thanks, Global, for the ticker. I haven't following. So hard to stay interested with no skin in the game. Yet, I am very intersted. If that makes sense.
To be clear, I don't like Tesla, KP. I'm short on Tesla. I mean, I do like the company but not the valuation. I expect it to drop below $100 within the year. By January next year. If not by then, I'll roll the puts over to the next year. My brother has about 10 shares or 20 as well, not sure. I think he said he'll sell if it drops to $700. He won't listen. They never do. It's not worth $1 trillion. It's valued at more than all the car comopanies in the world combined. It's valued more than 3 times Berkshire, which is in everything good all over the world. BBY included, an electric vehicle company.
I have stocks that become permanent over time. Like the following:
TOT (Total Energy)
BB (Blackberry - Security company)
CWEN.A (Clearway Energy)
KMI (Kinder Morgan Energy)
WFC (Wells Fargo Bank)
RMCF (Rocky Mountain Chocolate Factory)
BBVA (Banco Balbao Bank)
GE (General Electric)
BAC (Bank of America)
TAST (Burger King's largest franchisee)
ARCO (McDonald's largest international franchisee)
JVA (Coffee Holdings)
KR (Kroger grocery)
BRK.B (Berkshire Hathaway Class B Shares - Buffett's company)
SWRL (Empty shell. Had some filings. Free shares earned here too)
And that's it for my own personal managed portfolio. Solid as a rock value. Boring to most but interesting to me and I love all my companies. Those are all mine at heart and soul. The survivors that become permanence until such time they get off track. But ironically, they have to get off track to get to me in the first place. Except for Berkshire. They just got too cheap one day. The measure against what Tesla fails. That there is my recession-resistant portfolio. Although, the WallstreetBetBoys did find my Blackberry. Those annoying pests. Hyped me up.
But for speculative things, which is my float since I don't have Geico like Buffett, I currently have the following penny stocks and/or shell companies.
NROM (Noble Roman's Pizza)
AVNI (Empty shell formerly occuped by the Chinese lady that can't give birth)
IVFH (Cool internet food company whose shares I hold free now)
LTGJ (Empty shell. Travel company trying to come out, postponed by Covid)
EVCC (Empty shell -- free shares earned. Rumors with valid leads)
FNQQF (Narcissists took on too much to chew on but have some free shares left over)
CIDM (A very interesting movie app company. Free shares earned here as well)
STLY (Very interesting empty shell with lots of cash and interest payments, formerly Stanley Furniture)
When those do well (and some have and are now free) I add their contributions to the mostly dividend-paying permanent residents above. And then rince and repeat with the same or others that come along.
And I believe that's it. At this time, anyway. HLIX used to be in there in the speculative bunch. Maybe again one day. No margin debt at all. A little cash, waiting for the bubble to burst.
I have some hedges: The short on Tesla and SH (inverse S&P Bear fund) for when the bubbles burst.
And I even have some puts in there that were sold. Naked puts for cash for prices that were expensive. Like Gamestock. Somebody can put them to me at $5. They had higih puts there at that strike not long ago. Naked puts on Cinemark and AMC. Before Wallstreetbeboys found AMC, sadly. They can't understand how much trouble AMC is in.
The margin firepower will be used to scoop down on the bargains that will come on that Black Monday when history rhymes. That's what I'm waiting for. And held solid by that foundation of pure solid mass! The fortress, mostly an energy and bank fortress. Too big to fail. Inpenetrtable value. Can bend but can't break. Recession resistant!
And I have some trash scraps in there. Some clutter I need to get rid of. Left over zombies from days gone by. Like remants that never all did get thrown overboard. I need to some closet cleaning one day.