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Helix isn't going to ruin a good news day with immediate dilution. Will some more dilution occur, absolutely! But not until the pps is waaay much higher then it is now. That way they will get more for the shares. This will be high triple digits very soon.
Short interest is up 3,624.32% I do believe that is the most amount ever for Helix. When good news hits, ie, new CEO or patent approval, it'll be good times!
Haha, nope. Athough my recent DD indicates that I stayed at the Holiday Inn Express. Now would be a good time to get back in Cowboy.
Guuueeeeeessss whhhhaaaattttt!
Good points. Although, the patent will change things because it will change their business model. I do believe at this point in time that they are diluting to keep the company operational.
This is a real company. I know what you mean when you bring up 'shells' and what not. That's how this is behaving. But I don't believe that to be the case. Normally in those cases, shell cases, there is no real business and no product. The history of Helix shows that there is a solid product.
Please bear with me, as I attempt to make an effective argument.
This was once a thriving company. With all the potential in the world, to rise out of their upstart mode and become something special. They had an idea and a product. Unfortunately, by looking at the business decisions that started to occur in the summer of 2009, they grossly overestimated their capabilities and began to bite off more then they could chew. I would go as far to say they got too arrogant. Now, there were multiple business failings at this time, but I believe the crushing blow was the deal with 'ARE', which sent them into a sort of domino pattern where bad decision after bad decision was made to try and fix the previous bad decision. Then, company infighting began and all hell pretty much broke loose. From that point to now we have seen the pps go from $3.30 to $.0007. OS go from roughly 38,715,361 to 1,207,517,634.
Thru all of this, they have remained a fully reporting company. An important stat to me is insider trading. Are they dumping their personal shares? They have been transparent with their dealings ,file 4's, which show insider accumulation, distribution, etc. The last 4's to go thru were last June where Scott Weinbrandt and Kevin Claudio had their stock option exercise prices changed from .10 to .0128. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7319494
There hasn't been any insider selling since Ken Morgan last march when they were all in the middle of bitter, insider squabbling.
Now, lets look at how they have been running business during this time of damage control. From last January 1, 2010 to September 30th, 2010. They shipped 1 S322 model and 6 S594 models to customers in the first nine months of 2010 resulting in $91,457 of revenue with the cost of that revenue being $63,698. Making their gross profit for that time period $27,759. Essentially, just about 11.5% of the previous year's total of $240,788
Of course with that decrease, which does suck donkey balls, all other expenses decreased as well. R&D was down from $1,045,433 to $243,883. A decrease of roughly 77%
Selling, general and administrative expense decreased by from $16,611,513 to $2,200,634. A decrease of roughly 87% These decreases were form share based payments related to stock options, compensation to management and employees decreasing by $236,555, shipping costs decreasing by $249,310, advertising expenses decreasing by $427,097, warranty expense decreasing by $107,490, travel and related costs decreasing by $104,120, rent decreasing by $18,808, employee recruitment costs decreasing by $15,000, telephone and related costs decreasing by $14,560, and various other expenses decreasing by $16,294. However, there was increase in professional, consulting and outside services of $258,536.
Now lets go to the Net Income.
The net income increased by $74,647,145 from a net loss of $60,431,221 the previous year to net income of $14,215,924. Primarily as a result of the decrease for the change in the fair value of the derivative liability of $35,405,299. I don't understand derivatives, so I'll go out on a limb and say thats a good thing. :) Then there was a decrease in interest expense relating to the fair value of the convertible notes and other expenses of $12,204,459, a decrease of shared based compensation of $14,011,014, and loss on debt extinguishment of $12,038,787, all non-cash charges.. The remaining amount of net income relates to operating revenues, offset by various operating expenses.
2 of the 3 original guys that started this company are gone. Ian Gardner and Scott Weinbrandt. Kevin Claudio alone remains. This does scare me. Ian leaving was ok with me. He was instrumental in collapsing the company and his exit was a good thing although it cost the company a ton of cash. Scott leaving sucked. He too had a hand in the collapse, but was instrumental in keeping the company afloat. Yes, the dilution under his command sucks! But its better than a BK filing. Whether it was stress and frustration that got him to quit or simply not making enough money. Or perhaps he had other opportunities lurking. Nonetheless, having just one original founder and employee left doesn't bode well with me. I want to see that CEO spot filled asap.
I'm going to stop there. All and all they are trying to effectively manage the company. Granted the company is f'd! I'm not denying that. All I'm saying is that they are working pretty dang hard to fix things even though it doesn't look like it on the surface. A patent approval will give them a ton of options. I have been following their patent process for a while now and it has been an uphill battle. There have been multiple road bumps along the way, delaying it from their estimated approval date stated last June, which is why that PR never should of been released because the patent office is a complete cluster f^%k of a beaurocracy and delays should be expected. But they have been fighting extremely hard and passionately for this thing. I feel the patent is closer then most of you realize.
I do not believe this a company to invest in long term with information we currently have available to us. That can change depending on future dealings and what not. I do feel an R/S is inevitable down the road to help repair the damage done once the bleeding has stopped. I do believe it will be great for trading in the short term. With a patent the pps will rise and stabilize.
My big gamble right now is adding more shares. With the latest dilution, it'll be a bit harder to get to my 'break even point' and I will need to add more shares to bring my base down further to a point I know the pps can hit. Fun days are ahead.
Cheers.
Just when I thought the dilution had finally slowed. Thanks Helix. Another 186,035,580 issued at .0004
You are the man itrader!
Yup. Basically a T-Trade. 2 groups of 300 million.
I expect news over the weekend.
Love that!
Finally over a million shares. Average down completed. Time in stock 10 months.
Great sell blocks! Another 50-75 Million and we should see .0005 and a cease to the selloff.
I know I'm right. All I have to do is look at the 'accumulation'. The only stat I care about with penny's. Which fits under the investor sentiment umbrella.
I know this is an IGSM board, but damn, i gotta post this. As a Seahawk fan for the past 26 years, that win over the Saints ranks as one of my favorite ever! I've had an un-erasable smile on my face all week!
Like the TD run by Marshawn Lynch, where everything that was supposed to keep him down collapses, the same will happen with IGSM. All of a sudden we are going to see an unexpected run by the PPS that makes us jump up, spill our beers, scream and shout "Go, Motherfu%#$^&! Go, go, go, go!!!!" And to watch the Shorts get stiff armed like Tracy Porter. This one will be off to the races.
Go 'Hawks! Go IGSM! Kill da Bears!
Well, it has been over ten days since their last 8K. That's somewhat of a victory.....For what its worth.
For sake of argument...
...Is there anybody that feels that if Helix gets the patent allowance for their product, that it could reverse their fortunes and put it back on path towards success? Additionally, would you start a position or add to your present shares?
My 2 cents is that I think it would:
1. Reduce the number of competitors in the market. Being that their style of Wind Turbine is unique, there isn't that much competition. This would throw most of the market share to them.
2. Obtain Revenue from licensing
3. Could do cross-licensing, joint-development, or joint-marketing for needed technology or marketing resources. ie, Philly project.
4. It would build confidence in the company.
5. Quite frankly, it would increase the value of the company.
Good! You might as well sell now. I need this to quickly dip to .0005 so I can complete averaging down. Running outta time.
I'm more then happy to sit back and watch this behavior. Seen it so many times. These things always follow the same patterns. On pops, crashes, moments before pops and moments before crashes. This is text book. Good stuff.
Its amazing what you can discover researching certain sites.
The more that sell now, the less that can sell when it goes.
Anyone think they'll halt trading when patent is allowed? Could be a buyout after it gets passed.
No, were on the OTCQB one step up from the BB
I sense a patent allowance.
Lol. I needed that laugh before bed.
I think a lot of people are overly optimistic. Its the same behavior over and over with these things. That's why we see small bounces afterwards. People need to look at the history of how this stock behaves after multiple day runs. Especially when it runs with no news/events attached. If history again repeats itself here, then the massacre is only just beginning.
For me, personally, a good way to figure this one out and how this is going to move up is basically learn from it's history. Its pretty much a given this will run on some news. Just gotta ask yourself questions. How it moves on news? Does it move on no news? What kind of volume makes it move? How fast does it collapse? Does it have a lot of 1-2 tick traders that will kill runs or will they let it run a bit? This has a had a few runs as of late to look at.
Every negative thing about this company is already factored into the pps. I find that the more negative comments there are, the more interest there is in buying as many investors aim to buy low and sell high. If its at .0002,.0003, they're going to try and buy lower until volume picks up. So, they tend to bash the stock in order to shake out some weak hands. That's the behavior I look for and it works for me. I would absolutely love for this to go to no-bid so the 1's would become available.
The negative comments on the boards do deter some from investing and make some sell. But they don't deter the ones that actually make it move upward. That is, until it starts to exhaust itself after a run. Then you'll see lemmings rush for the cliff. So, during a low volume time like this, the negative remarks on this board mean absolutely nothing except for allowing frustrated people to vent.
My exit strategy, as of now is .0005. That can change depending on the reasons of why and how it gets to that point. I'm in at .0003 after averaging down from .0005. I will most likely continue to add more at the 2's. .0005 is my exit because that's where the majority of people got out at during the last two runs. Most likely that will be where they exit again when it gets back to there. Of course, like I said, the reason for it getting there can change everything.
Personally, I trade purely on investor sentiment when it comes to sub pennys. .0000's in particular. Fundamentals mean squat. Its this low for a reason. Everything is already factored into the price, including the debt. To explain accurately how these things go up and down is next to impossible. All you can do is guess and hope to guess correctly.
That would of been awesome!
No self respecting CEO pays attention to message boards. Nor do they give a flying F about 1-2 tick flippers which inhabit this one. Joe's the man. Joe got into NIR before 99% of the people on this board invested in the company. Yet they blast away at him for doing so, for causing them distress. People here caused their own distress by not doing their homework.
Lets be honest. Most of the people here are mad at Joe for not allowing them to get their 2 tick profit. They're mad at Joe because they bought at a price they shouldn't of. They're mad at Joe for not putting out PR's of certain events that aren't completed. And they're mad at Joe for doing a video in his kitchen. LOL!!!
The reputation of this board in not only tarnished in Joe's eyes, but everyone else who follows boards.
I have a very positive outlook. Why? Psychological profile of Ken.
That, and I am always optimistic of a company when it gets bashed like this one has. Tells me that people want in badly. Just a tick or two lower then what its currently at. ;)
Proof of that? File 4? Or just speculation.
So now they're on the OTCQB. Before they were on the Pink Sheets after they left the Caveat Emptor, correct???
Will have a bounce back up to .0008 and then down to whatever.
Honestly, i didn't choose to be a long. The company forced me into one. LOL. I'm sitting on a 98.4 loss. Selling would be pointless for me. Might as well stay on and hope for the best. I have averaged down to .008 from .17ish. If patent gets approved, I will average down again and get out once I make my money back along with some extra for a good bottle of single malt. I didn't get bit as hard as you, so i feel your pain! Continue to monitor the company and perhaps you can get in at the right spot and make some of that 17K back.
As much as people that are invested, want news, the company is not going to release any until their lawyers give them the thumbs up. BTW, the majority of people invested in this company aren't investors. Theyre 1-2 tick flippers and daytraders. The company can give a rats ass whether or not they make money. They won't release a PR to soothe their minds. Most of the people here could care less about the company. They just want to sell at .002 and make their couple hundred bucks. Why should the company make a huge effort on your behalf just so you can dump your shares when it starts to go up? For those that are true investors in this company, a PR will come when it's ready to come. If you can't wait, you shouldn't of invested.
This is just the way it is. Personally, I am one of those who don't plan on holding long term. Although, I plan on making more then a couple hundred bucks. ;) I have my exit strategy. I expect nothing from the company on my behalf. News will come when it comes.
Boils down to business decisions made by management. Please bear with me. I'm not bashing. I need this to go up. Just trying to point out WHY there is no serious interest anymore in the company.
What could of happened? How could the company go from selling 66 S322 models and 60 S594 models to customers during 2009, to 'Jack Crap' in 2010? Of course, they still lost money for '09 'primarily as a result of the change in the fair value of the derivative liability of $1,005,573, interest expense of $22,204,164 recorded for the fair value and accrued interest of the 9% convertible notes, recording of share based compensation of $15,298,100, and loss on debt extinguishment of $12,038,687, all non-cash charges. The remaining amount of net loss relates to various operational, general and administrative and other expenses for growing existing business.'
So. Lets explore why sales have plummeted this last year and why the company has collapsed to the stage it is at now.
Remember, the collapse in PPs started in february of 2010. And it has since cascaded into a giant snowball rolling down hill. The events leading up to that crash started, in my opinion, in August of 2009.
1. The failure to obtain 5,000,000 which was needed for projects.
2. The failure of the Abundant Renewable Energy, LLC, and Renewable Energy Engineering, LLC, asset purchase. This ended up costing Helix 1,101,322 shares of restricted common stock which was forfeited to 'ARE'.
3. The failure of purchasing Venco Power GmbH, from its shareholders. The additional failure later on in the year of securing a distribution deal with them.
4. Helix getting sued by Ken Morgan, Inventor of Helix's turbine, for breach of his employment agreement, unpaid wages, and related claims. All of these claims relate to Plaintiff’s allegation that he was unfairly forced out of the Company. Ken eventually dismisses lawsuit once Helix pays Ken 150K
5.Ken Morgan/Kevin Claudio/Kadre Kabir/David Gelbaum begin dumping their shares.
6. 2 seperate deals with St. George ends up costing Helix big time due to defaults, penalties and interest.
7. In march, Ian Gardner and Gene Hoffman resign. Ian gardner then files 2 lawsuits described further down in this message.
Scott Weinbrandt gets put in charge. OS currently at 60,895,662.
By now, the company is in complete disarray. You have management fighting with each other. 2 lawsuits filed by Ian Gardner. On April 12, 2010, the Company received a demand letter from legal counsel for Ian Gardner, the Company’s former CEO and a director, 'alleging the Company breached the terms of his Separation Agreement and Release. The demand letter demanded payment from the Company in the amount of approximately $223,000 for monies which Mr. Gardner believes he is owed under the Separation Agreement and Release, which includes approximately $72,000 under his convertible note. The demand letter also included allegations that the Company settled its litigation with Kenneth Morgan without including full payment to Mr. Gardner for $57,000 in damages to which he believes he is entitled to for his unrelated owned entities. In addition, the demand letter alleged that the Company failed to honor its obligations to pay him $94,361 upon the closing of an equity financing resulting in minimum gross proceeds of $1,000,000 when the Company completed the financing described in this report with St. George Investments LLC in which the Company has received only $592,000. The Company has accrued its full anticipated obligation of $166,361 in the financial statements as of June 30, 2010.' Then, on May 21, 2010, a complaint was filed by Ian Gardner, the Company's former CEO and a director, against the Company and a director and officer of the Company 'asserting causes of action against the defendants for breach of certain contracts, breach of the covenants of good faith and fair dealing, fraud in the inducement, intentional and negligent misrepresentation, alter ego and declaratory relief. Mr. Gardner's suit seeks approximately $150,000 in stated damages as well as additional unstated damages. The Company has accrued its anticipated obligation of approximately $95,000 in the financial statements as of June 30, 2010. The Company has denied these allegations. This case is currently pending.'
Bad deals are coming in to bite the company in the ass. Positive accomplishments seem to be erased and forgotten. All sales dry up. Cell phone tower projects? Forgotten. Argentina stuff? Forgotten. Multiple other events? Forgotten.
So, why aren't people buying into this company and it's products? Management, Management, Management! The same way I'm not going to go eat Thai food from a place crawling with rats and roaches, I'm not going to buy a wind turbine from a company that could potentially disappear due to corporate ignorance. What would happen to my purchase if something goes wrong with the company? Not worth the risk. Plus, all the good things that happened before, were accomplished by the people that aren't with the company anymore. If I do business with you and you leave the company for it's bullshit. Guess what. I no longer do business with your old company. When demand is hard to come by, as it is in this industry, it doesn't take a lot to steer somebody in a new direction.
So, between march of '10 to now we have gone from roughly 61 million OS to 1 billion. I thought Scott could handle it, but I was wrong. The damage was too severe for him to fix everything single handedly and he did what he had to do regarding the dilution to keep the company going. Even with the success of the Oklahoma deal, that is, if Helix can deliver on the order, they are still on thin ice. Plus he did get, what appears to be a sweet deal with the whole Philly thing. Although, i would like to know for certain what the real facts are with it. So, for me, that victory still has an asterisk next to it. Now that Scott is gone, having resigned after his contract expired, there is no leader. We have Kevin Claudio steering the ship now. Until they can get another guy in there to run the ship, this company is in danger. I wouldn't do business with a company without a true CEO.
Not to mention, the whole Bluwater debacle and their other lawsuits with Crystal Research Associates, LLC, Alternative Energies, LLC.
Yet, somehow I remain optimistic. They have survived through all of this. Once they get a new CEO, things will change. Once they get their patent, things will change. If they get their their patent. :) Fingers crossed. Afterall, they do have a product!!! Its just being shielded by unfortunate circumstances.
Good luck to all.
Nobody knows they exist. Except for daytraders. Right now, with the state the company is in, people would get fired for buying this.
Once the patent gets approved. That is, if it gets approved, then it'll go up fast as everybody seems to be waiting to enter on that news, regardless of what the fundamentals are. That's my gamble. If patent doesn't get approved, I lose. If it does, i win.
Yup. Look back to late october for behavior pattern. Hopefully people will recognize the exhaustion point. My stomach is at ease having gotten out at 5. Will buy back if it craps the bed.
Great way to start the year! In at 1, out at 5. Payed this month's rent. :) I was burned too many times last year holding subs past 5's and 6's. I hope that all of you still holding make a mint! Cheers!
If hits no-bid, I'm double-downing.
Scottrade is currently re-modeling their website. Lot of bugs in it right now.