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Tom, I believe the "PL" stands for "Pink - Limited information" because Trdy is late in filing their 10k. jmho
I'm wondering if Trudy has decided not to be a fully compling sec company, since they haven't issued a 10k???
I recently noticed some companies having the acronym "PL" placed after them. Does anyone know what this stands for? For example: Trudy Corp (PL). TIA
Tom, it's not a matter of being able to afford PM'ing others. I just choose not to. Anything I have to say is on the up and up and open to the public. That's just the kind of guy I am. gltu
Tom, I can't PM, but did get a laugh out of your PM.
Hey Tom, if that cash is burning a hole in your pocket, how about buying at the ask to get this ball rolling. he-he
They will if their name, or should I said, the term "Helix rendering" shows up anywhere in any article regarding the Lincoln Field project again. Just like they did the last time it was used. jmho
Hopefully we will see a very positive 10k tomorrow. Let's go TRUDY!!!
Good luck...I bit the bullet and got out last fall. This company had promise, and for what its worth, a great product. But poor mgmt and marketing took this company down. They had a great contract with an Oklahoma Research company last year for 25 turbines. Unfortunately, they couldn't get the financing to produce the turbines and the contract fell through (that's even with the 50% down from the customer).
Also, go back and read their latest 10Q. I think that spells it all out.
Take a closer look at the default triggers associated with the Purchase Agreement. One of the triggering events is if the VWAP drops below .0002 where it use to be .0005 That tells me that they expect the price to drop to at least .0002 and with 100 billion A/S to play with, they will be able to print shares to convert their loans. Also, notice that if you go back to the Purchase and Exchange Agreement released in the March 23rd 8k, there use to be three triggering events (i, ii, and iii). According to this most recent 8k, there are only two triggering events (i and iii). They use to include a 5-day average trading volume dollars. So, I believe the missing triggering event (item "ii") in this 8k related to the 5-day average trading volume dollars, which use to be $25k. They would have to trade on average approximately 50 million shares per day to meet this one. One they know that's not going to happen, so they dropped it and just didn't update their 8k to reflect just two triggering events.
I don't trust this mgmt. I firmly believe they are in bed with St George and as long as people continue to buy this stock, then both mgmt and St George will come out winners. There will be very few shareholder winners, if any. jmho
They filed July 13th of last year. However, they also filed an NT 10K June 29th of last year because they couldn't file on time (e.g., June 30th). I just haven't seen the NT 10K for this year and their filing deadline was June 30th. If Trudy is a fully reporting SEC company, then they should have filed the NT 10K on June 29th. It just concerns me since they have fully reported up and until now. It concerns me that they may have absolutely nothing going on. jmho
Has anyone seen an NT 10K? I haven't and Trudy was suppose to file it if they were not going to be able to meet their filing deadline for issuing their 10K, which was June 30th. I'm not getting a very good feeling about this company. They haven't been able to timely file their fin'l stmts for the last four quarters and have issued an NT 10Q each time they couldn't file on time. However, this time they haven't filed the NT 10K for their annual filing. Anyone have any ideas???
Unfortunately that road is just like that bridge in Alaska, it leads to nowhere. lol
With the spike in volume, I wonder if Helix converted more notes to shares? Unfortunately I think we are past due for another 8k for unregistered sale of shares. jmho
Yea, I thought they would raise the A/S to 5 billion myself, and then start working on an R/S.
With 1.75 billion shares O/S and 100 billion authorized, you can't be serious.
With 100 billion A/S to play with, I doubt there will be any R/S for several years. Here again, as long as St George can get converted shares for 50% of the stock's market price and people keep buying this stock, they will stay in business. This stock is only a cash cow for Helix mgmt and St George. And, unless you plan to purchase several million shares to flip for a .0001 gain, you really aren't making much headway. jmho
H8ster, I've had to lick my wounds too. However, I haven't gotten back into this stock as it is way to risky. I just follow it to see what mgmt comes up with to screw the stockholders. Looking at yesterday's 8k, it appears they expect the price to go down to .0002 and are preparing themselves for it (e.g., stock conversions, etc. now that they have 100 billion shares to play with). jmho
I sure hope so Tom. Otherwise, it's going to be a long hot summer.
Personaly, I think its a play on words. Even if Helix were to get a $2.5 million contract, they don't have the resources (manufacturing and staff) to produce the turbines. Helix requires customers to lay down 50% of the contract. In this case, Helix would still have to come up with $1.25 million. The only way they do that is to issue another 2.5 billion shares into the market. That would dilute the share price even more, let alone, who would buy these shares??? jmho
It's last 10k was issued July 13th of last year.
Be careful with this stock. If you go back and read their 8k's, and their Purchase and Exchange Agreement, Helix is actually in default of the terms of this Agreement. If St George decides to declare a default in these terms, then Helix will be forced to either pay St George or convert their note to shares (for which the A/S has been increased to 100 billion A/S). I would bet if you go back and look at the stock price and volume historically, you will see that the price and volume ticked up when Helix issued shares to convert notes to stock. The 8k's were released after the up tick in price and volume. jmho
Shell games??? The more I learn about this company, the more concern I become. As reported in their Feb 2011 8k, Trudy filed articles of incorporation in Wyoming. The address given was:
2710 Thomes Avenue, Cheyenne, WY 82001
There is an interesting article that just came out concerning this same address in which 2000 other companies are registered. Hmmm
http://www.reuters.com/article/2011/06/28/us-usa-shell-companies-idUSTRE75R20Z20110628
You never know. Based on the latest 8k filing, it sounds as if there could be a contract executed within the next 90-days for at least $2.5 million. If that happens, you will see a bounce but probably not 002. jmho
SPIN at the bid (.001) - Maybe we are getting ready for some news???
Pro-green wind turbines killing scores of golden eagles in California.
http://www.latimes.com/news/local/la-me-adv-wind-eagles-20110606,0,4078175.story
This should be great news for Helix due to their unique wind turbine design and location in California, but unfortunately Helix is not in any financial position to capitalize on this. jmho
Now that the A/S has been increased, I expect St George to claim that Helix has defaulted on their loans. If so, then their loan will default to 125% of the original principal amount. And considering the fact that Helix now has 98.25 billion shares to play with, I expect them to convert the loan to shares in the near future. jmho
You're assuming they have a prototype to take to the conference. At a minimum, they could have driven their personal vehicle to the conference and handed out brochures. Wait, they probably didn't have the funds to reserve the booth, or even print brochures. lol
No, not with the lastest news. They have their patent, so there will be no further run relating to it. They have no orders and no funds to manufacture the turbines even if they did have orders. The only way I see a run in the short term is for Helix to announce a possible buyer for their patent. This once legit company has turn completely into a "pinky".
I wouldn't be surprised if they announce that they are in talks with a potential customer for a large order of turbines, only to get the stock to rise so it will benefit their creditors when they convert their notes to shares, and then have the contract never come through. I've seen that before on other pinkies. In fact I unfortunately bought into one of those in the past. jmho
Yep, but at less than 10 million shares traded daily it will take St George and all those other creditors along time to sell their shares. And considering that I don't expect any credible company to do business with Helix, I don't see this stock doing anything other than what it is currently doing. jmho
That amazes me as well. However, just to set the record straight, the cost of the patent is $90,000. That's not the value. The value could be $1 million for all I know, but you can't record that on your fin'l stmts. You record the costs to develop and file your patent. If and when you sale that asset, you will have a gain/loss on the difference. gltu
By grossly over-increasing the A/S to 100 billion, this mgmt and board of directors have erased all doubt as to what they are...incompetent amateurs. They have no clue as to how to run a company and believe that investors will continue to flock to their company to buy shares. Unfortunately the only thing this company can boast of are: 1) a good product / patent and 2) the most successful printer of shares any company has ever witnessed.
I expected them to raise the A/S to 5 bilion as required by the Purchase and Exchange Agreement, but to increase it this much...well, it doesn't bold well for the shareholders.
And as I said in a previous post, giving 5 investors more than 51% of the voting rights, it allows mgmt to take the company in any direction and we as shareholders, have "no" say whatsoever. Just read their latest filing, they say as much! jmho
Helix has already partnered with St George, and I don't really see anyone else coming to the table to offer any additional toxic financing (other than mgmt themselves). According to the Purchase and Exchange Agreement executed March 21st, Helix was to raise the A/S to 5 billion shares within 45-days (which was May 5th). Also, one of the default triggers was that Helix had to have on average $25,000 in trades over a 5-day period. Helix has already defaulted on this stipulation. So it's just a matter of whether St George will hold them in default or just let it ride.
St George is mgmt's white knight, but they aren't the shareholders white knight. Unfortunately, I only see black days ahead for Helix until they decide to sell their patent. jmho
They issued their last 10k on July 13th. gltu
It allows them to take the company in any direction and make any decision related to the company without 49% of the shareholder's approval. With 51% voting rights between these 5, they can increase the A/S without sending notice to shareholders for a vote.
51% is all that is required to get shareholder approval to just about do anything with the company.
The positive side is - they will save money because they don't have to notify 'all' shareholders - only the 5 major holders. Also, it allows them to make very timely decisions regarding the company.
The negative side is - regardless of how many shares you have, you have 'no' say.
jmho
Based on the latest 8k, it appears the Board has issued all 1 million shares of perferred A shares, which has 'super voting power' wherein each perferred share equals 1,850 votes. These shares were issued to mgmt and specific investors and gives them a 51% majority vote. So now 5 people have controlling interest in Helix.
Considering the fact that Helix issued 1.7 billion shares in the last year, they needed to issue these perferred shares in order to retain controlling power of the company.
Interesting transaction. jmho
Ray Bob - Trudy is a non-accelerated filer and therefore has 90-days to file. Don't expect any filings until early July. The last 10K was not filed until July 17th.
Why May 15th?
Don't think we're there yet, but we're gettin close.
Their fiscal year-end was March 31st. As a non-accelerated filer, I believe they have 90-days to report.
I think this is positive news for Helix. To bad it didn't come last year before all the dilution. Regardless, as they stated in their recent 10Q, Helix doesn't have the staffing or funds to accept orders.