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The friction factor is showing a bullish bias.
Up above it shows the A/S at 6 billion. From the ammended articles of incorporation statement from last may it has the A/S at 500 billion.
Section 1. Classes and Shares Authorized. The authorized capital stock of the
corporation shall be 500,000,000,000 shares of Common Stock, $.001 par value and
50,000,000 shares of Preferred Stock, $.001 par value. No stockholder shall have preemptive
rights.
Screw it. I got a bunch of .0001's. See what happens with this gamble.
Actually, their cash would be zero as they would of taken every cent possible.
They'll just keep doing biz as usual. If they go BK, the party is over for them. There is no way Fife wants his money making machine to be unplugged. They should have about 5K left of cash after that, having only 67,764 in the coffers according to the latest 10Q
I would call it an f'd up penny, but I wouldn't call it a scam. It does have a product that we can all see. Its not some shell or some small PO Box in the corner of a post office like 1000's of other subbys out there today. With the A/S and O/S maxed out, if there is any positive news, increasing demand for the stock will make go up.
If the product that the patent is attached to can sell, it has some value. On that note, I don't think many of his products are in attractive enough to spark enough consumer interest to make the patent's asset value increase all that much. ie, the Embedded Recycled Container Sheet Binder. What the hell is that? Who is going to race to the store to buy that.
If the product is useful to the manufacturing, biotech, technological or energy industry, etc, then you have some worth. Of the 7 recently approved patents, I think 2 have a chance to be of some worth down the road.
1. Water supply tunnel secondary purpose turbine electric power generator system.
2. Gas production well secondary purpose turbine electric power generator system.
Even then, those aren't eye popping and won't make anybody here rich.
The only patent he has, that I think can make our wallets fatter is patent for Drug delivery device and methodology
Answers to questions regarding the patents.
Below, I have posted, in RED, the status of all the patent applications you listed. The patents range from being listed, to being allowed, to going thru the rejection process (Non-Final and Final), being under review by an examiner, awaiting appeal, etc.
Of the ones you listed 7 have been approved, 5 have been abandoned, 4 have been officially rejected, 4 have been given back as part of a 'non-final' rejection where the company has to make a stronger case for the patent. The rest are under review, etc.
Hope this helped.
December 2010 - Kenneth P. Glynn patents
20100320780 - Composite vehicle bumper using recycled rubber
05-09-2011 Final Rejection
20100314428 - Gas mask protective carrier pack
02-08-2011 Case Docketed to Examiner in GAU
20100299843 - Dynamic entry claw device
06-13-2011 Non-Final Rejection
November 2010 - Kenneth P. Glynn patents
20100275599 - Solar desalination system
02-16-2011 Case Docketed to Examiner in GAU
October 2010 - Kenneth P. Glynn patents
20100259051 - Solar-initiated wind power generation system
06-17-2011 Non-Final Rejection
September 2010 - Kenneth P. Glynn patents
20100229608 - Ratchet strap handcuff connectors
07-05-2011 Non-Final Rejection
July 2010 - Kenneth P. Glynn patents
20100180594 - Reciprocating solar engine with attached solar windows
06-26-2011 Final Rejection
20100183357 - Embedded recycled container sheet binder
05-02-2011 Mail Notice of Allowance
20100183831 - Method of producing composite recycled bottle sheet products
01-18-2011 Non-Final Rejection
20100183832 - Method of producing an embedded recycled container sheet
06-22-2011 Mail Notice of Allowance
07-27-2011 Pubs Case Remand to TC
20100183833 - Embedded container sheet basket
05-05-2011 Mail Notice of Allowance
20100170497 - Reciprocating solar engine
06-18-2011 Final Rejection
20100170502 - Reciprocating solar engine with solar reflectors
07-08-2010 Case Docketed to Examiner in GAU
May 2010 - Kenneth P. Glynn patents
20100109294 - Tactical breaching demonstration trailer
06-28-2011 Recordation of Patent Grant Mailed
March 2010 - Kenneth P. Glynn patents
20100072895 - Non combustible, tactical flash device
07-15-2011 Information Disclosure Statement (IDS) Filed
December 2009 - Kenneth P. Glynn patents
20090297267 - Recycled tire paver blocks
04-13-2011 Mail Abandonment for Failure to Respond to Office Action
March 2009 - Kenneth P. Glynn patents
20090081135 - Iodine-based oral antibacterial treatment methodology
05-25-2011 Date Forwarded to Examiner
January 2009 - Kenneth P. Glynn patents
20090024421 - Life rewardance insurance system and methodology
03-14-2011 Appeal Awaiting BPAI Docketing
03-23-2011 Docketing Notice Mailed to Appellant
20090007905 - Spacer/holding chamber for pressurized metered dose inhaler
11-16-2010 Recordation of Patent Grant Mailed
20090000097 - Multifunctional tactical device
11-15-2010 Case Docketed to Examiner in GAU
October 2008 - Kenneth P. Glynn patents
20080262934 - Freshly prepared food delivery methodology
08-19-2010 Request for Continued Examination (RCE)
08-25-2010 Date Forwarded to Examiner
20080238099 - Water supply tunnel secondary purpose turbine electric power generator system
07-14-2011 Mail Notice of Allowance
20080238101 - Gas production well secondary purpose turbine electric power generator system
06-14-2011 Recordation of Patent Grant Mailed
20080239077 - Motor vehicle accident recording system
06-27-2011 Mail Non-Final Rejection
September 2008 - Kenneth P. Glynn patents
20080230669 - Tile cutter attachable propane torch tank caddy
01-07-2010 Mail Abandonment for Failure to Respond to Office Action
20080235784 - Gateway log in system with user friendly combination lock
03-08-2011 Recordation of Patent Grant Mailed
20080229397 - Website log in system with user friendly combination lock
07-14-2011 Mail Notice of Allowance
20080210228 - Monodose nasal sprayer
06-03-2011 Final Rejection
August 2008 - Kenneth P. Glynn patents
20080199833 - Automatic intuitive painting methodology
09-24-2010 Mail Abandonment for Failure to Respond to Office Action
20080188834 - Pulmonary secretion mobilization device
06-25-2009 Mail Abandonment for Failure to Respond to Office Action
July 2008 - Kenneth P. Glynn patents
20080156539 - Non-rotating drill system and method
03-11-2009 Mail Abandonment for Failure to Respond to Office Action
June 2008 - Kenneth P. Glynn patents
20080140007 - Drug delivery device and methodology
10-07-2010 Assignment of Appeal Number
10-07-2010 Docketing Notice Mailed to Appellant
I find it funny how they tried to mask who the shares went to instead of just saying David Fife or St. George Investments
Today's 8K
"On July 29, 2011, the Company issued 172,000,000 shares of the Company’s Common Stock to a holder of 92,973 shares of the Company’s Series A Preferred Stock previously issued."
"The holder of the Series A Preferred Stock assured the Company that it is sophisticated and experienced in investing in the securities of small publicly-traded companies, is an “accredited investor” (as that term is defined in Rule 501 of Regulation D of the Securities Act of 1933, as amended) and received and reviewed the Company’s audited financial statements and unaudited financial statements for the fiscal years ending December 31, 2009 and December 31, 2010."
8K from last May
"An Exchange Agreement with David Fife wherein Mr. Fife agreed to acquire 92,973 shares of the Company’s Series A Preferred Stock in exchange for and in substitution of a convertible debenture in the original principal amount of $43,000."
" an Exchange Agreement with St. George Investments, LLC wherein St. George Investments, LLC agreed to acquire 92,973 shares of the Company’s Series A Preferred Stock in exchange for and in substitution of a convertible debenture in the original principal amount of $43,000. As a result, all of the rights that St. George Investments, LLC held as a creditor and holder of the convertible debenture were exchanged for the 92,973 shares of the Company’s Series A Preferred Stock. A copy of the Exchange Agreement is attached hereto."
Of course, there always the chance it went to Jeff Pierson who also received 92,973 shares, but I doubt it.
Monday update.
Contacted lawyer at McMullen. They confirmed that they are in the process of completing the audit and filing the Form 10SB. No time or date was given.
Nothing new with the Chesterfield Wastewater Program. Still on track according to the city utilities director.
The patent for the SYSTEM AND PROCESS FOR FORMING MICRO BUBBLES IN LIQUID has been labeled as 'Abandoned for non-payment of the issue/pub fees'. The USPTO has officially cancelled the application and the patent allowance has been thrown out.
GTLA
Helix is the poster child of how not to run a business. Sooo many examples of bad decisions, starting with the acquisition of Clearview, in order to become a publicly traded stock. The guy that orchestrated that Myron Guslak, is sitting in prison right now for stock fraud.
Wasn't always bad. Business started off alright. Things were looking promising, but they got too cocky and tried to bite off way more then they could chew too soon. Then came late summer/fall of 2009 with the attempted acquisition of Abundant Renewable Energy which was far too ambitious and imploded, costing them millions, essentially knocking down the first domino which destroyed their entire business plan, leading to chaotic in-fighting, lawsuits and eventually, making the company into a mere shell.
Of all the people that started the company, only one remains. Kevin Claudio.
Even Tilton, the new CEO, who was put in power by John Fife of St. George, is a mere puppet who most likely won't do anything productive unless its putting money into Fife's wallet.
Crazy. Just plain crazy.
Until we see news start to trickle in. The 2011 WCD will be occurring in September. That will spark some interest. Fingers crossed.
One more month to go.
You just now figured this out?
From now until September will definitely be interesting. With confirmation from the utilities director in Chesterfield that they are using SLRW for the wastewater treatment program, it makes it worth watching.
I'd love to add more, but with the bid as thin as it is, and the ridiculous delay in releasing financials, odds are it drops a bit more before it goes up.
That's not proof. That's guessing. You want to speculate that they are buying up the stock, go ahead. Good luck. From my experience, when a fully reporting company fails to report where 1.5 billion shares went in matter of 2 months, it not from insider trading.
Additionally, it's illegal for insiders to buy their stock on non-public information. Whenever they do anything, they have to file a File 4 or a SC 13d/a.
Show me one thing that leads you to believe that insiders are buying.
I don't think it's so much that people wised up, more then it is that people are sitting on the sidelines to see what happens next. With the bid as thin as it is right now, the odds of it going lower are higher then the odds of it going up. That's why the volume is so anemic.
The confirmation from Chesterfield gives me some comfort in knowing that their product has value and is being used. Which leads to speculation that the dilution was used to raise capital for business operations rather then stuffing somebody's wallet.
I'm averaged in at .0007. Will average down if it drops again.
I remain cautiously optimistic.
Updates.
I contacted the Chesterfield County utilities Dept. They confirmed that everything is moving forward with the waste water treatment project.
So far, no payment has been made on the patent for 'FORMING MICRO BUBBLES IN LIQUID. aka the Add-o-Mizer. The patent lawyers for SLRW have not gotten back to me. Whether or not it's a delay with the USPTO in filing the receipt, i don't know. Payment on these things are not able to be extended beyond the 3 months originally given.
Still, no financials. Last financials were given out July 29th 2010.
Perhaps July 29th of this month will be when they release. That will be this friday. Fingers crossed.
All and all, GM's monthly updates have suddenly stopped. That alone is cause for suspicion. The bid and the ask are still incredibly thin so I'll continue to hold.
That would be awesome if it were true. Where's the proof? File 4's? Show me where there that 1.5 billion went. When the ASK (.0004's) dwindle down to under 10 million, I'll add more.
They diluted 1.5 billion in the 2nd quarter with no explanation. This is a wait and watch stock.
Tilton has dealt with Fife in the past when Savanna East Africa was Nova Energy. Fife obviously had a hand in bringing Tilton into Helix.
The only thing Fife learned about being convicted of stock fraud by the SEC years ago was how not to caught again. Lets see if he can avoid the eyes of the SEC now, being involved in a company with 100 billion A/S. They're bound to make a mistake somewhere.
Still an interesting gamble, though, if you're playing it for one to 2 tick rises. I've already taken it up the ass, so i will hold what miniscule shares I have left and maybe make enough to fill up my gas tank.
Fact is, newbies shouldn't be listening to message boards. If they take your advice, they're just as likely to take the advice of shady individuals as well and they'll still end up loosing.
The only thing that can teach a newbie, in this arena, is experience. And the tuition isn't free. People are lazy. Making mistakes will motivate them to do proper DD, etc. You are wasting your time if your trying to educate the masses on the dangers of sub-penny trading.
There is always a chance a of winning. I've won on worse stocks and lost on better ones. If you are going to trade in this arena, being a pessimist will get you nowhere. You might as well preach the sky is falling on every single penny stock in existence. Either throw in some chips or walk away. Its as simple as that.
Hence, why it's only a gamble. Stop yelling at it for being a POS. Its like yelling at a scorpion for acting like a scorpion. If somebody wants to play with it, let em play with it.
Whoever has owned this for a year, well, they learned a lesson, as nobody, unless forced to, owns a triple zero for a year. Just so you guys know, you don't invest in these things, as you seem to think everybody does. You trade them.
Nobody rode this down. If anything, they bailed on a couple ticks down from their buy in point for a marginal loss and moved on. I think that you guys are the only ones that think that these behave like blue chips. You can preach fundamentals, risks, blah, blah, blah, all you want. They mean absolutely zilch at this level. I mean really, who thinks or EXPECTS a company at .0004 to be in good shape???? Whats next? You inform us with your extensive knowledge that vanilla ice cream tastes good with apple pie?
The reality of the situation is with the BID and ASK being paper thin, the ask being even thinner, it won't take much to send this in either direction. Until GM proves he is worthy of his word, holders of this stock are underdogs. Time is getting sparse and many questions will be answered in a matter of a couple weeks, either through action or by basic default.
1. Financials: Hoped to have those last week. Last year he posted them at the end of July. Same lawyers then as now. Odds now point to end of July.
2. Chesterfield Waster Water treatment: Decision by utility board takes 45 days upon completion of application process, which occurred on may 27th. An answer is due by the week of July 11th. Unless it's 45 business days, not counting weekends. Which would put it around July 29th.
3. Payment of Patent making it usable and enforceable: Allowance issued April 18th with a 3 month payment due date. That would be July 18th. I will look at the site and see if it gets paid or not. Regardless of GM, I will post that news myself.
Good luck.
Yes, its a big gamble. There is a lot of stock promotion. There is no insider selling. Show me where there has been insider selling. The company has diluted, but where has that capital gone to? That's the question to ask and seek out. You can speculate negatively or positively. Your choice. But nobody can say anything with certainty. They can't really dilute anymore. O/S is maxed. That does open up the possibility of an R/S. But in the near term its very unlikely they would do 2 of them in less then a year. The smart move is to look for a raise in the A/S and to put the R/S argument to bed until late Fall.
I think that is a much better post then all of your previous R/S ones. It's worth talking about. By looking at that alone. The info from the 1st Q, for me, if the PPS was a lot higher then it is now, it would be of concern. There's simply not enough shares in the hands of PIPE financiers to really make a dent. Plus, i doubt they would take that much risk for such a small reward, with the PPS being where it is right now.
HOWEVER,
Right now you're basically questioning where 284,168,620 went during the 1st Q and the motives behind it. But that's not the one you should be asking. Try exploring the much, much bigger question of where 1,608,348,180 shares went during the 2nd quarter. That's the million dollar question. Thats the number that should be concerning and raise the possibility of toxic financing.
Gambling defined: An act of gambling; an enterprise undertaken or attempted with a risk of loss and a chance of profit or success.
The gamble:
Will NWMT show that it's new business plan, of being a conglomerate of system integrators, will be more profitable and efficient then it's previous model of being a systems integrator. (ie, 2010 revenue of 118 million = 881K net. Not efficient. Not very profitable.)
The risks: Not being able to raise capital to complete acquisitions. Untrustworthy management. Further drop in PPS. R/S.
The rewards: A few ticks up in PPS. .0007 max.
R/S, dilution are always a an obvious risk in these things. If you can't accept those risks, you should only watch and not play. There are no graphs, no charts that can predict where a subby will go. And there is definitely nobody able to predict with certainty where a subby will go.
If you are not yet in this, you can lessen your risk by waiting and watching the level 2's. Right now there's about 17 million on the bid at .0003 and roughly 76 million on the ask at .0004. Its not going to uptick anytime soon. Not with the current average daily volume. Neither will it down tick, although the odds slightly favor that it will happen before an uptick. If you see the ask start to give way on heavy volume, you can wait until the last few moments and buy. An uptick will then occur faster and you can be more confident in your gamble. Same philosophy on the bid. If the bid starts to disappear, odds are you can wait and get in at a tick lower. If you do decide to play, accept the fact that you may lose it all. Accept the fact you can be a victim of a reverse split. Because that threat is always there with these plays. Just don't bet more then you can afford to lose.
The biggest gamble of all. Taking message board posters seriously.
Take this for what it is.
I hope this answered your question.
Cheers
Its called gambling. When I sit down at the roulette table, I know there's a good chance my money will disappear, yet I play anyways! :)
Buying this stock right now is like that. Get in low. If it goes up a tick or two, take your chips off the table. If there's an R/S, which we would know about a month in advance, then we pull our chips off of the table and go to the next one.
Its like you're camped out at the table preaching to everybody that there's a chance the ball will land on red. Sure, its possible, but it doesn't mean we're not going to bet on black. If you're going to stand over our shoulder's, at least try and give us some reliable info about the dealer that's hard to find instead of telling us over and over, merely what the odds are.
Cheers!
Reverse splits are always a risk with subbies. It's common knowledge and a risk every single buyer/seller accepts when they make a trade. Its accepted. Do you think that there are traders here thinking to themselves, "Wow, its a good thing I read on that message board a R/S is possible with .0004 stock."
If you're going to post something at least make an effort to show that you know more then what's already obvious.
They need to raise capital. What matters is what they plan on using the capital for.
Everybody here should be following NVAE. Savanna East Africa. And NUBL. NuMobile. Companies that Tilton is involved with. Lot of stuff going on that could include Helix.
I think they have delayed posting the financials until they could include something to counteract the bad numbers. A desperate and unethical move, yes, but nonetheless, its a subby.
In order to uplist, they must:
1. Audited financial statements for the last two years.
2. Form 10 Registration Statement.
3. Select qualified Market Maker and file Form 211 to Uplist.
Nobody is expecting the numbers to be anywhere near good, if that's what you mean. Investors want to see potential for forward movement and removal of the stop sign. That's all I'm looking for at least. Anyone looking for positive numbers are completely out of their minds.
Have a good 4th Raj!
Basically, from my understanding, the sale of the CCTR subsid to NuMobile, in the form of Notes, will take the operating cost of that subsid off of CCTR's books and they would increase their assets. NWMT would get 60% of the notes, being they own 60% of CCTR, increasing their assets. NUBL is screwed. Verges and Tilton are a team. Tilton usually sacrifices his shareholders for the benefit of Verges. If you want to watch something interesting happen, follow HLXW. Tilton recently became CEO of that Co. Most likely installed by there by John Fife of St George Investments. His first act. make himself, Fife and 2 others majority shareholders and vote to raise Helix's A/S to 100 Billion. That's Billion with a B.
I don't trust these guys as far as I can throw them. But I do believe NWMT's PPS will go up slightly on the NUBL deal. Call me crazy. :)
Helix is now a shell. As were the companies before it.
What Does Shell Corporation Mean?
A corporation without active business operations or significant assets.
TERRAPIN ENTERPRISES, INC.
became
BLACK SEA OIL & GAS
after 17 - 1 forward stock split, putting the A/S to 1,750,000,000.
BLACK SEA OIL & GAS
became
CLEARVIEW ACQUISITIONS, INC.
after a 1 - 1,000 reverse stock split.
CLEARVIEW ACQUISITIONS, INC.
merged with
HELIX WIND TURBINE.
through common stock/notes.. A/S remains at 1,750,000,000 with 54,315,086 O/S.
Since then, Helix maxed out the O/S at 1,750,000,000
Helix's original management is completely gone except for the CFO.
New CEO, James Tilton comes in, brought in by Helix's biggest money bleeder, John Fife of St George Investments. Tilton's plan. Make himself, John Fife, the CFO Kevin Claudio and some other guy majority shareholders with all voting rights. Then vote 'yes' to raise the A/S to 100,000,000,000, which will be converted in order to pay John Fife.
Now, Helix, like it's predecessors, has become a shell and it's time for it to repeat the process.
BTW, the guy that set up Helix's merger with Clearview, Marlon Guslak, head of Bluewater Partners in the Caymen Islands, currently sits in jail for stock fraud.
Show me another company anywhere in the world that has 100 Billion A/S. John Fife, is a convicted stock manipulator, the head of St George. He stands to make millions from that 100 Billion A/S as Helix now owes him millions for defaulting on their agreements. Just like he did in 2010 from the exact same defaults. Fife isn't a dummy. He learned from his mistakes that got him convicted in his past. Everything he is doing now is legal. Although, he still has no moral code. Welcome to Chicago style finance.
James Tilton? He was put there by John Fife. They have a history. Look at his other company's. NVAE, NUBL, etc, etc. All run into the ground. Look for some deal with Philip Verges of NWMT sometime in the future. He's another guy Tilton deals with extensively.
What company will Helix merge with? Once the 100 Billion is gone, what can we expect? A forward split, a reverse, who knows.
It is exciting to see what they will do. Keep watching this one for an enormous education opportunity.
At least he posted financials. As comical as they were, at least it was something.
Ha, it does do that on occasion. The amount of money i have left on the board is staggering. But its vice versa as well. The amount I could of lost is also staggering. This is nothing more then a gamble. Win or lose, I always play the odds. Odds favor getting out at 5 and 6.
Just message board antics. Krowa never had any credibility to begin with. There will be selling, heading into a 3 day weekend, let alone 4th of July weekend. No surprise here today. SLRW better get those finances posted.
Because the PR regards their old business model. They are no longer a systems integrator, so whats the point? It will move when they can show that being a conglomerate of system integrators is a better way of doing business. RKM alone won't do it. But a bunch of them posting positive numbers will. We will have to wait until august to see the 2nd quarter numbers.
That is funny.
We'll all know soon enough.