The next 10q is due by Feb 15th. Maybe we will get an 8k at that time too.

Well, at least not for another couple of weeks. lol

A/S - 1.75 billion
O/S - 1.4 billion

Those who bought at .000x s/h sold when Trdy was a penny, and buy back in when it fell. They could be playing with free shares.

WOW...who in the world would sell at these levels???

I must admit I was totally surprised by the stocks resilience. The price didn't fluctuate hardly at all. All the shares sold for 0007 - 0008. Not what one would expect with such news.

As for St George, not sure what their take is, other than the fact that they have been making a bundle on the discounted shares they were given. Every loan they make to Helix has been defaulted on and therefore, they received 125% of the original loan amount plus interest at 15-18%. And then the note is converted to shares at a 60%+ discount. This latest round of conversions was discounted at 0003 / share (200 million shares for $60k).

I'm really at a loss as to what to think about this company. It's definitely a risky play at this point.

Looks like some of the recent note holders are dumping their newly issued shares. Sells were 3 to 1 over buys, with an 18 million share sell at the end of day.

Folks, I was thinking that maybe, just maybe, that Helix might be able to pull this company out of the dumps once they get their patent. However, with the multiple lawsuits hanging over their heads (and mgmt not even challenging them) along with losing the Oklahoma contract, well I just don't have anymore confidence in this mgmt team. I believe the deck is stacked pretty solidly against any potential rebound for this company.

The only hope I see now is for the company to either sell out, in which case you might see $0.001 / share for the company (assuming their patent is worth $1.4 million) or do a 1:100 RS and hope for new investors.

In fact, if they were to do a 1:100 RS and then announce the approval of their patent, this stock could see a great rebound...at least for new investors. However, current shareholders would be screwed. jmho

Ditto...I was able to average down to .0076 thanks to the weak hands. Waiting on Stan to lay down his cards. I'm holding hoping for a Royal Flush.

Nope...I'm not Scott.

I hope any "near term news" will be better than what was just dumped on us. I'm not sure it can get much worse.

The biggest problem with this latest filing is the fact that Helix lost the Oklahoma contract. They lost the deal for, "failure to perform in a timely fashion". With other wind turbine companies in the market place, why would anyone want to execute a contract with Helix???

Regardless of products and/or patents, if a company doesn't perform, then it doesn't have any credibility!

Bottome line, "failure to perform." That says it all! imho

No, the thinking is more in line with, as long as people continue to buy this stock, then we (Helix mgmt) will continue to borrow to pay our salaries. And then convert these notes to shares. Why close up shop when we can continue to get great salaries and their creditors are handed deeply discounted shares.

This is a cash cow for St George and Helix mgmt as long as people continue to buy the stock.

I believe Scott left the company because he could not stand this mentality and had enough ethics left in him to separate himself from them. imho

Oklahoma deal cancelled.
1.4 billion shares o/s.
Lawsuit from former auditor requesting default judgement - Helix did not respond within the 30-day requirement
Bluewater requesting default judgement - Helix has not responded

Not looking good. You know that old saying, its not over until the fat lady sings. Well, I hear something off in the distance and its getting louder and louder.

I sure thought some news was coming out either after the bell Friday or early this morning with Helix closing at 0009 on Friday. I guess it was just another teaser!

I hope soon too. Who knows, once they get that patent they might be able to convince a good CEO to come in and turn this company around. It may be wishful thinking, but that's pretty much it in pinky-land.

The real kicker about that lawsuit onlong with all the debt conversions, at least to me, is that it says the company doesn't have the cashflow necessary to pay back its loans. Potential creditors could be leary in providing the financial backing that Helix needs to be a real competitor.

With regards to the lawsuit, Bluewater sued (imo) because they wanted cash and declined to convert their debt to stock. And Helix didn't fight this in court because they didn't have the cashflow to sustain a fight. Hence the court's ruling. Unfortunately, that left Helix with $650k judgement versus a $350k judgement.

I expect Helix to continue to print shares until they can get a large enough contract to install Helix turbines to be able to leverage that contract in order to get the financing necessary to manufacture those turbines and to move forward. aimo

I wonder what the wind speed is around the corners of that building? I live in Houston and walking around downtown Houston, when you come around a corner of a building its prety windy.

Does anyone know if this building in occupied? The pics look like actual pictures rather than an architect's rendition. It seems like they would know whether the turbines were successful or not.

Hmm...could there be a message in that 911 trade??? Could the mm's be trying to say something here??? Naugh...

I'm still not holding my breath. If I recoup some of this great, if not, I'm not going to lose any more sleep over it.

I don't post much on this board, but I keep returning because I enjoy the dialog. Its a hoot! lol

Thanks for the info M1. Hopefully I will get enough back to buy dinner...at Micky D's. lol

I tend to agree in pinky land that patience typically equals loss of money. But in some cases patience turns to hopeful because many of us have an average price in the 0.01 range or higher and don't want to risk more money. So, we are hopeful this thing turns north. glta

What Helix needs to do:

- hire a CEO who can turn this company around
- get their patent
- get with past customers who have purchased their turbines and have them give testimonials as to how good Helix's wind turbines have been for them, and get this out to the market.
- and since their fin'l stmts are rather bleak and they have no cash, consider partnering with a strong investor and re-introduce this product to the market.

Then maybe they will have a chance. There are many, many more stadiums that could use this technology. aimho

It could be an opportunity...albeit a very short opportunity. The questions then become, when will they 1) get the patent, 2) when will they announce a new CEO and 3) how much more dilution will occur before either 1 or 2 happens?

I see a PR stating a new CEO giving them a potential rise up to .001 (depending on the CEO).

I see a PR stating that they received a patent giving them a potental rise up to .003, and if I push it, maybe .005 If they start geting contracts, then the pps will rise even more (then again, depending on future dilutions, an increase in A/S and/or an RS).

Allot of risk, then again, there could be allot of potential. Its just a matter of when you time it, and what mgmt does. aimo

You've given up on Helix mgmt, or you stayed at a Holiday Inn Express last night???

I don't believe they have a choice. They will have to RS the company. If they don't, then I'm not so sure they will get many new investors. Who wants to invest in a company in which the risk of an RS is high and getting higher. Generally, investors will wait until after the RS and then jump in. jmho

I do concur with your position. I'm just not sure this current mgmt team will pull it off. They really need a strong CEO to come in and take control of this company. The problem is what strong CEO is willing to come into this organization with all their issues and the risk of being a going concern is high. Without such a CEO and the patent, the future is bleak.

I've already took a hit on a company flipping its shares when it filed an RS and caught me with my pants down. Although it recended the RS, the damage was done and it never recovered.

I will sit on the sidelines here and just wait to see what happens. I agree this is a real company with a real product, we just need 'real' mgmt to lead her. gltu

One other possibiliy...it could be that mgmt has planned all along to continue down this path until they get the patent and then do an R/S. What do they have to lose? This might have possibilities, but it would definitely suck for those currently holding shares. Pinkies do it all the time without a product and/or patent. It just might work for a pinky with a product and a patent.

Like I stated before, I sold my shares a while back and took a pretty big hit. I don't have anything to lose now by watching this stock. Who knows, I might be able to get back in after the R/S and reclaim some of my losses. imho

The shares they just printed are three times the amount O/S last March when I first bought in. At this rate, they will have to increase the A/S within a month. I was thinking that Helix was in survival mode, just trying to survive long enough to get their patent. But now I believe that it is mgmt that is in survival mode. They are using Helix as a shell to pay their lucrative salaries. And as long as St George (or whoever it is) continues to loan them money, then they will continue to use Helix for this purpose. At this point, I don't believe a patent will be enough to save Helix.

I once thought a possible buyout might be on the horizon. However, I don't believe anyone will touch them now, especially with the Bluewater ruling. Considering the interest rates (especially the rates if the loan was in default) they agreed to in past borrowings, the amount due Bluewater could increase $10,000 per month at 18%.

I know there is always hope until the fat lady sings and the doors are locked, but at some point in time you just have to cut your losses.

As it stands, Helix is only good for flipping shares, as long as you don't get caught by a R/S filing. gltu

$650k discounted at .0003/share would be just under 2.2 billion shares, if Bluewater would even consider it and Helix had the A/S to print.

I'm not so sure Bluewater will wait another six months to get their money. Even if the patent is approved, can Helix's management, incompetent as they are, bring home the bacon???

Yea, but you also have Bluewater who is owed $650k and counting. At some point in time, Bluewater will either want their cash or the assets.

That issue in itself may be enough to scare away financial backers regardless of whether the patent gets approved. imo

They've gone ten days before. We'll see what happens tomorrow.

I believe you are spot on with regards to the fact that management is what's destroying this company and chasing off customers. I lost over $17k because of poor management. I have since sold my shares, but keep looking in to see what's happening.

With the direction they are currently heading, all I see is more shares being printed and diluting the stock to the point of increasing the A/S or a R/S, at which time I might get back in. I sure hope they can right this ship for all the longs like yourself. If they can, then maybe I can get back in and recoup some of my losses. But for right now, I'm on the sidelines. gltu

I believe the bottom to be around 0.0005 based on their last 8k (Dec 30th), only if they don't print more shares. If the printing presses start up again, then the bottom will drop out of it.

Unfortunately the only way to stay afloat now is to print more shares to convert debt to stock, because they have no cash. aimo

H8ster, I agree that the only hope for Helix is their pending patent...but only if it gets approved.

But the one question I have is, regardless of a patent, why isn't the market jumping on these turbines? You get a patent to protect your product from being duplicated in the market, not to sell your product. The product should make itself, the patent only protects it.

So, why haven't we seen more interest? That's what is so confusing about Helix. Only one research company has bought into this product (purchasing 24 turbines) while others have only given it a mere glance. Why is this? If the product doesn't sell itself, how then will a patent sell it? Can a patent really turn this company around??? I just don't know!

Actually, I really hope you're right regarding Helix. Unfortunately I just don't see it with their history. gltu

I could see it hitting .20/share with a 222 to 1 R/S, but not w/o it.

Considering the fact that they've printed 1 billion shares since March and there is no indication that they have any inclination to stop should be reason enough. imo

I agree the table will turn, but I'm afraid it will turn even more against the shareholders. If I had a crystal ball, I believe it would indicate an R/S is in the near future for Helix. imo

gltu

Not looking good. Helix is dying a slow and painful death. Market cap is less than 1 million and falling. If they print anymore shares, it will probably be the final nail in their coffin.