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Good buying day today:
11/02/20 15:59PM EST Buy 59380 SWRL Executed @ $0.0063
11/02/20 12:39PM EST Buy 15000 SWRL Executed @ $0.0063
11/02/20 10:26AM EST Buy 100000 SWRL Executed @ $0.008
Up to over 280,000 shares now.
I like this shell.
That's great! They have a plan!
And they did it again, Rich:
At October 29, 2020, there were 12,508,011 shares of common stock outstanding.
I love that OS if true. Now, how can they make the same mistake twice if it's a mistake? And why does OTC not confirm it? I don't understand that.
And what happened to all those shares IFF we are to believe the filings? A reverse split never occurred. It would have to be an insider voluntarily cancelling a lot of shares to my knowledge.
Blackbull Equities: I haven't seen this, Rich:
https://www.blackbulle.com/single-post/2018/03/20/Liaoning-China-Signing-Ceremony-Anfast-Automobile-Company-Ltd
It says, "Shenyang (China), March 20, 2018: Blackbull Equities announced today that is has received the advisory mandate of Liaoning Anfast New Energy Automobile Company. Blackbull Equities will be the exclusive advisor to assist Anfast in entering the European capital markets in 2018."
So that was in March. This was also in March of 2018 in our filing below.
"Since March 2018, Ms. Chang has been the president of Anfast Energy, an entity that is developing electric vehicles."
https://www.otcmarkets.com/filing/html?id=13907538&guid=QJW6UHcQEEagYyh
Shenyang is also where our office address is at in China. That all seems like too much of a coincidence.
Then here, Blackbull made an ad of itself this year presenting itself as a way to take clients public.
Thanks, Whatsup. Yeah, that's rather toxic for KERN, I'd say. It's a slap in the face to their investors. They buy at $8.00. Jessica sells at $10 for a cool $1 million for her private bank account, all while talking up her company with beautiful investor decks. Then they offer more shares, which dilutes the guys up there at $8, for $2.40 cents. Toxic. It's the same thing Scott Ogur did to shareholders here, except at KERN, they do it straight to your face. Over here, they put it in fine print, at least. When stock fell below .90, those convertibles went from fixed to variable debentures. Predatory lending.
So, insiders here agreed to give up 75% of their control. They will no longer be calling all the shots. It's like a bad mafia movie, but I'm glad I've come out good from it all. I think I'll continue to profit, and I think they gave up control to make money. Why else would they give up control?
The only thing I really like best, to answer Picasso further, is that the new owners, the 75% owners, will be locked up for a year to my understanding. And Amercanex and Toler will be unlocked about the time this all comes together, as I understand it. So, I like that alignment of interests more than anything, to my understanding, Picasso.
What I'm not sure about is if this will convert automatically or if we have to do some kind of work. I don't want to do any work. It would be nice if they answered these questions in English and not legalese.
This industry is like the casino business in my eyes. It comes with baggage. Unethical practices. Heck, our President is a casino owner. That makes perfect sense. He has no ethics. Zac and Ogur are obviously very talented. But, don't pay yourself $75,000 after losing a lawsuit where you ripped off your own employees. And then appealed based on the fact that they aren't protected by fed rules because you run an illegal operation in the eyes of the fed? Huh? How about just do what's right and ethical? That's why you need to be regulated! It was rightfully thrown out. Pay your overtime! Zac may come from a different culture in the frontier markets where you can exploit people. I don't know, but it's not ethical business practices. If you just do what's right, life is a cake walk.
Just get them before they get you. If you have a chance for free shares, by selling half somewhere, go for it! It's always fun to have a foot in the door though, if you ask me. It is an adventure. It's like Raiders of the Lost Ark in this industry. Traps everywhere.
Hi Picasso,
You own twice the amount as me right now. HELIX would actually be about 28% of Forian, not 2%. I don't know where you bought. It was always priced very high with the whole industry. That's a lot of ground to make up. I don't think it was ever value.
It's too many unknowns for me to know. I'm just enjoying the ride and seeing where it goes. They created a good business but not good value for shareholders. I just know it looks better to me than KERN. No value made over there either. $10M will be a lot to work with. I don't know what, if anything, they'll be buying with that. Teh next quarter will be interesting. Many, many wild cards. I wish I had a crystal ball. I just know I'm enjoying the ride and feel good about my shares. I'm going to let the good harvests feed the poor harvests. It tends to work out over time. It is the wild west here.
Rephrase please:
I'm sorry, but I can't understand this: "let’s wait to see when there putting in the 10."
Is "there" supposed to be "they're"? If so, who is they? And ten what? The $10M? What are you talking about? Wait for what purpose? Could you elaborate?
KERN is dropping like a rock on Jupiter!
Now a 35M market cap and at $2.30 per share in pre-market trading. In less than 24 hours after this post. And Jessica thinks she's going to sell shares in a stock offering at $4.50? She must be smoking the product.
The gap between HLIX and KERN narrows more. I love it when truth falls out of the shake. There is no way, NO WAY, KERN is worth that much. People coming out of lockup are dumping at market. I want to attend her next conference call, and I hope Alan is there again.
I even tried to go pick a fight with their shareholders here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159152469
No life. No fight left in them. That's shareholder apathy if I've ever seen it. That doesn't mean next year I'm not going to dance on their grave. I think maybe we should consider buying their entire company next year. Just save the cash and wait for Jessica to die a slow, brutal and painful death. Then buy her on her death bed, fire her, and finish what she started and consolidated all into our fold.
Retrospect on My Open Letter
Err, in the letter I'm responding to, I said "assume the position" and that you might want to consider HLIX. Well, as it turns out this week, HLIX is up 100% since this posting, and they announced they'll be going Nasdaq. Meanwhile, KERN makes a 52-week low today.
Jessica of KERN, behold! HLIX will be going NASDAQ in a few months as they announced last week, and I expect KERN will be kicked off the Nasdaq by Summer of next year. You act like we don't exist, and we are your main competitor. We might decide that you belong to us, Jessica, and eat you alive next year! Learn your place, which is under HLIX's thumb!
HLIX is getting a $10M cash infusion, and they reached positive cash flow last quarter. The cash burn here, however, is an eyesore to say the least. Jessica also sold shares at $10.00, making her a cool $1M as her shareholders get mowed down. What does that say? Disaster!!
Karma has a special place for KERN. Perhaps in the belly of HLIX. Although, I don't want to digest this toxic brew. Wait till you are on your death bed, and then we'll talk.
KERN hits 52-WEEK LOW today.
That's music to my eyes! Die, you #$#@es!! $50M market cap now to our $25M market cap. KERN kissing $2.94 as we speak. Typical, deregulated SPAC. Cheating to get to Nasdaq.
Markets are taking a beating, but from my experiences, scam stocks don't recover when they take a beating. And KERN in my eyes is a fraudulent SPAC. I don't expect them to recover. I expect them to continue falling and that HLIX will be more expensive than them on a market cap basis by Summer of next year. Assuming FORIAN won't be so toxic.
I want KERN next Summer after their dust clears and the battleground is littered with dead, naive investors that followed Alan into that mess. And his endorsement and denialism on the record is going to have a reconvened discussion. Because cannabis stocks are his "specialty." You know, I get tired of these "specialists." Specialist, my #$#!!
Oh, yes, I remember that now. I didn't ever find anything substantial one way or another. A broker that could be corrupt or not. I didn't look hard. Either way, it's a little more sophisticated which could only be a good thing here as I see it. Sophistication at this point is all that matters to me. I haven't determined motives at this point. But bad or good, I don't care. Just prefer both over the ugly. :)
No, I haven't even heard of blackbull equities. Where are you getting that name?
Been beautiful weather in Houston. I was thinking of the potential that this could be an electric car company that she's working on taking public. I think that would be a really good narrative. Tesla and others are really taking these cars to the road. Whether her plans take off or not isn't that important to me at this stage. It would be a great entrance if that happens I think. I hope that's the plan. I like that as a potential. Maybe Covid setback their plans, but I feel like something will eventually emerge. I have my limit order, with no takers, ever since my last post. Actually, I think I had 1,000 filled out of 50,000 standing order if memory serves. It's going to expire soon and I'm going to have place another one.
You were angry with Zac because he paid himself $75,000 with your money in a recent filing. But in that same filing, he also got options that exercise at my buy price.
You don't think Zac's price is a good price? I can understand the anger about the cash. After all, most investors did take it on the chin. Cannabase, Biotrack insiders all flocked to the exits, falling over themeselves to do so. Selling shares at discounts just to get out of a locked door. That's what they thought of investors. Actions speak louder than words.
But Amercanex insiders and Toler are hostages as I see it. They are locked up. I think till next year when all this comes to fruition. Would you agree? They need to make money. And so does Zac. You think they are going to lose money? They might lose your money, but will they lose their own money? See, I'm guessing they like their money better than your money. And their actions speak to that. In much the same way as Jessica's actions speak to the same narrative.
Time Stamp Buy
10/22/20 13:15PM EDT
Buy 5000 HLIX Executed @ $0.2063
I went ahead and bought another 5,000 shares right at Zac's exercise price as I understand it. Bringing me to 10,000 total at an avg. cost of .156 per share now. That's back in the black.
All those investors in MOR will have to be locked up for a year to my understanding. And that's corroroborated by these Nasdaq rules
https://listingcenter.nasdaq.com/assets/initialguide.pdf
I don't think we will be locked up. I could be wrong, but I don't think so. It might work like the physics of a SPAC in some ways, which is manipulative. But our float won't be near as small as your typical SPAC. They'll have to do a lot of talking like Jessica. And put that $10M to work. I'm going to assume MOR comes with nothing to the table in terms of revenue until somebody can falsify this assumption with hard evidence.
It is a good adventure, that is for sure. This will be a great learning experience. How will it end?
I think you are correct on $4. So let me modify:
So, if Nasdaq is $4.00 minimal listing requirements -- and this all assumes, of course, that we actually get approved by Nasdaq for listing -- then I will personally *only* buy HLIX below .40.
And a $4.00 *minimal* Nasdaq price in my clean 20M OS estimate, that would be a $80M market cap with at most $15M in sales this year without the guard. And there is no evidence that MOR will be bringing any revenue with that, just alleged competitive advantages. So, I'll give that a p/s ratio of 5.3 on Nasdaq minimal listing. Which is high for the HLIX eqiuvalent of 40 cents, and better than what KERN is looking like lately.
So, there you have it. No way I'll be buying at .40, but hopefully I will be below .20 because I want VERY GOOD value.
Whatsup, thanks for being a contribution. First time for everything.
Not sure if this is going to automatically convert through brokerage accounts or if it will require some paperwork. I haven't gone through something in this fashion yet. I think there was something about that in the filing which I still only skimmed at this point.
And a little further comment on this price point:
So, if Nasdaq is $3.00 minimal listing requirements -- and this all assumes, of course, that we actually get approved by Nasdaq for listing -- then I will personally *only* buy HLIX below .30.
And a $3.00 *minimal* Nasdaq price in my clean 20M OS estimate, that would be a $60M market cap with at most $15M in sales this year without the guard. And there is no evidence that MOR will be bringing any revenue with that, just alleged competitive advantages. So, I'll give that a p/s ratio of 4 on Nasdaq minimal listing. Which is getting high for the HLIX eqiuvalent of 30 cents, and a lot better than what KERN is looking like lately.
So, there you have it.
Whatsup, please don't interrupt me again when I'm thinking.
CORRECTION:
So, if Nasdaq is $3.00 minimal listing requirements -- and this all assumes, of course, that we actually get approved by Nasdaq for listing -- then I will personally never buy HLIX below .30
I meant, I will personally ONLY buy HLIX below .30.
Dyslexia...
Simplified Price Points:
Since HLIX comes out to 4.86M shares of its share in the new OS of Forion in the previous post, that can be back-checked as well.
X*.027=4.86M
X = 180M shares of HLIX converting into FORION, which in theory includes all convertibles out there, employee stock options, etc.
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, if Nasdaq is $3.00 minimal listing requirements -- and this all assumes, of course, that we actually get approved by Nasdaq for listing -- then I will personally never buy HLIX below .30. And since I want more safety, I won't buy above ZAC at .21 cents. And since I feel like the Captain of the ship should be the last to abandon a sinking ship, which is the exact of opposite of what happens on Wallstreet, I will only buy below .21 cents because Mr. Ogur's behavior has been less than what I think a man of character should be about. And we all saw the behavior of Biotrack insiders as they trampled over themselves, trying to be the first man out. Deplorable behavior.
So, I think anything below .21 is a very good price. And I only want a VERY GOOD price. Otherwise, in this pandemic fueled market, I have lots and lots to choose from. Unlike at this time last year.
I can only speak for myself. My calculations are simple, rough, and speculative. That's how I'm going to roll until or IFFF I get better information to work with.
Now, all that being said, I could see HLIX rising to .70 and being very volatile. Heck, it could go as high as $1.50 for all I know. Or not. Maybe it will equalize around Zac's exercise price. After all, he would be one of many market forces to push it that direction. But, I have no idea what the market will do. I just know the value points I'm going with -- my entry areas, IFF I'm granted them, in order to add to my current position of 5,000 HLIX shares.
And let's face the facts here. Anyone that bought HLIX when Biotrack shareholders were dumping got fleeced. So, we can't trust mgmt. You have to get them before they get you. They are good at building but not good at creating shareholder value. So, below .21 for more, for me. That's my final answer.
The OS of Forion will be 17 million by my speculation, based on the below data:
**Minor Corrections and Additions to the previous posts**
At the close of business on October 16, 2020, the number of outstanding Units of membership interests in MOR was 12,906,660 (on an as-converted basis, inclusive of Units underlying allocated options, and pro forma for $13,000,000 in MOR Offering proceeds). Pursuant to the contribution to be effected in connection with the Parent Reorganization, Units of membership interest in MOR will be exchanged for shares of Parent Common Stock at an average exchange ratio of 0.9709.
Source: Page 13 of
https://seekingalpha.com/filing/5198255
So MOR's exchange rate is .9709 and ours is .027, which adds up to .9979. Or, basically, 1. I guess that's the OS.
So, they'll have 12.5M shares in the exchange. Based on the latest dilution at OTC, we have 120M shares rounded up (because still some convertibles out there), which would convert to $3.2M. But since we've been a dilution machine lately, let's just round up to 4M.
So, that's perhaps 16.5M OS in the new Forion Nasdaq company to my understanding. $13M in cash in MOR's coffers noted above, but I guess $3M is allocated to other stuff and when the dust settles, they expectx $10M. Not so sure...
So, 16.5M OS is less than KERN's true fully diluted OS. KERN really is toxic right now. I think in theory to my understanding, we will kill the toxic brew here. Will actually have $10M to work with. And KERN burned through 14M this year. They have only ended with more cash because they took on huge debt and had warrants exercised that fleeced common holders, which is par for the course for a deregulated SPAC. And I hope, and expect, all the fleeced sheep were the ones that voted against themselves.
_____________________________________________
Rough Math Check of above:
My OS estimate of 16.5M shares notes can be checked on the percentage ownerships of MOR and HLIX: 72% for Forion would work out to 11.9M shares whereas they converted to 12.5M shares in my rough math.
And 23 percent for HLIX's cut would come to .23*16.5M= 3.8M. Very close to my 4M for rounding up for their toxic financing to fully dilute us.
I think an OS of 17M, just to round up more, is a nice safe figure for FORION to go by. With $10M in cash when it comes, minimal capital requirements, and something above $3.00.
________________________________________
Or anther way to home in on the OS using the above figures:
.72X=12.5M
X would be the total OS of Forion, which comes to 17.36M. That hits right on target for my rounding off for HLIX's toxicity. So that means to solve for HLIX's shares for this formula:
X+12.5=17.36M
X = 4.86M. God, HLIX is toxic. That should be fully diluted as I understand it. That's even worse than my rounding to 4.
So that means, 17 is a good, safe OS to go by for FORION I think.
Somebody check my math.
In conclusion:
At today's price of .20, that would be equivalent of a Forion market cap (based on 17M shares) of $2.80ish in theory and to my understanding. And they can't open on Nasdaq at less than $3.00, so that corroborates Zac's good option price of .21 cents as I saw it in my earlier thoughts. Not good for $3.00, but I don't think they plan on opening at $3.00 and be in default at $2.99.
We'll have to see what this all looks like once the dust settles. It does feel like .21 is a good price. And of course, that is assigning 100% of Forion's hypothetical market cap at $2.80 to our price today at .20. And HLIX would be only 28% of that company. But to assume absolutely nothing, the other 72% comes with nothing but cash, software (potentially with patents), zero revenue, and some allegedly good directors. That's all I have to work with. Can't assume any revenue I don't know about.
FORION OS PT.2
That does work out close in the math too. As this post I'm responding to notes, my OS estimate of 16.5M shares notes can be checked on the percentage ownerships of MOR and HLIX: 72% for Forion would work out to 11.9M shares whereas they converted to 12.5M shares in my rough math.
And 23 percent for HLIX's cut would come to .23*16.5M= 3.8M. Very close to my 4M for rounding up for their toxic financing to fully dilute us.
I think an OS of 17M, just to round up more, is a nice safe figure for FORION to go by. With $10M in cash when it comes, minimal capital requirements, and something above $3.00.
The OS of Forion
(c) At the close of business on October 16, 2020, the number of outstanding Units of membership interests in MOR was 12,906,660 (on an as-converted basis, inclusive of Units underlying allocated options, and pro forma for $13,000,000 in MOR Offering proceeds). Pursuant to the contribution to be effected in connection with the Parent Reorganization, Units of membership interest in MOR will be exchanged for shares of Parent Common Stock at an average exchange ratio of 0.9709.
Source: Page 13 of
https://seekingalpha.com/filing/5198255
So MOR's exchange rate is .9709 and ours is .027, which adds up to .9979. Or, basically, 1. I guess that's the OS.
So, they'll have 12.5M shares in the exchange. Based on the latest dilution at OTC, we have 120M shares rounded up (because still some convertibles out there), which would convert to $3.2M. But since we've been a dilution machine lately, let's just round up to 4M.
So, that's perhaps 16.5M OS in the new Forion Nasdaq company to my understanding. $13M in cash in MOR's coffers noted above, but I guess $3M is allocated to other stuff and when the dust settles, they expectx $10M. Not so sure...
So, 16.5M OS is less than KERN's true fully diluted OS. KERN really is toxic right now. I think in theory to my understanding, we will kill the toxic brew here. Will actually have $10M to work with. And KERN burned through 14M this year. They have only ended with more cash because they took on huge debt and had warrants exercised that fleeced common holders, which is par for the course for a deregulated SPAC. And I hope, and expect, all the fleeced sheep were the ones that voted against themselves.
So, at today's price of .20, that would be equivalent of a Forion price of $2.50ish in theory and to my understanding. And they can't open on Nasdaq at less than $3.00, so that corroborates Zac's good option price of .21 cents as I saw it in my earlier thoughts.
We'll have to see what this all looks like once the dust settles. It does feel like .21 is a good price.
More Dilution: Dated 10-16-20
Outstanding Shares
119,677,206
10/16/2020
In the post I'm referring to, it said:
Outstanding Shares
118,306,140
09/02/2020
So another 1M shares added in 6 weeks. The rate of dilution peaked 6 weeks ago, slowed dome some, but dilution nonetheless. Toxic. Hopefully, this all ends soon. KERN is much more toxic.
AVNI V. HLIX
It sure is quiet around here today. Did Whatsup get a job?
In the meantime, there's another interesting comparison. While KERN is the competition to Helix, AVNI is the anti-thesis of HLIX. AVNI is the Chinese lady that can't give birth. 14,000 shares actually traded quietly there yesterday on the ask. And zero today. But 14,000 is a lot of shares for AVNI. That's only a 2M-share outstanding empty shell.
To put this into perspective, this lady started trying to go public through AVNI BEFORE Zac came sprinting out. I watched them both as little seeds. As we sit here today, Zac has is now trying to go on the Nasdaq. And this lady over here that can't give birth hasn't even come out of her shell! This is true story! And, she's a Chinese immigrant that allegedly had her business stolen by the Chinese govt., and then comes over here to vote against herself. And can't come through.
Meanwhile, HLIX did a number of acquisitions, about to have 11 directors on the NASDAQ, and she can't come out. Now, if HLIX goes Nasdaq, and she still hasn't come out, what does that say??? I mean, #$#@!!
See, Zac has no FB page that I can find. But this AVNI lady does, and she spends all day, every day, spewing FB falsehoods like our Amercanez director. Same political nonsense. Same sources. Same echo chamber. That must be 50% of her problem right there. She lives in an alternate universe.
Can somebody help this lady give birth? Anybody at HLIX? Is there a doctor in the house?
Thanks for letting me vent. Don't have Whatsup to talk to today. Or, rather, talk at.
MOR Thoughts:
There isn't much to find on MOR. It was founded in 2019. They couldn't have gotten that far as a startup. I get the impression that this is about some SAAS software they developmed more than anything and a capital raise. A whole restructuring of debt and an uplisting in an unorthodox way. All in one! It seems very high finance to me and thinking outside the box. That's my impression.
Why does MOR get 72%? I can only speculate. There are no hard facts to anything I'm saying here. But I suspect it's more about a capital raise than anything. But upgrading at the same time, meeting minimal capital requirements and all listing standards for a Nasdaq reverse merger, which they've been planning for, for a long time I think. You have a capital raise in February of 2020 from MOR going on in the background, seen in a filing in with the SEC. They raised over $2M from investors, and still had more shares to sell. So those are investors with a lockup period when it goes to Nasdaq, in theory. And that's good. And the combined entity is expected to have $10M, so I'm sure that includes what HLIX already has and is forecasted to have, since they have reached positive cash flow last quarter. It's like a way to refinance, capital raise, and upgrade, and new patented software, all in one.
I don't think MOR could have much in sales, if any, but I could be wrong. I just see no footprints out there. The sound of crickets on that matter in the PR reinforces my feeling on that in my eyes. Because if here is something to say, they'd say it I think. And it is *possible* Vincente Fox could be one of the unnamed directors expected to come on. I wouldn't rule it out yet. We'll have an expanded BOD. 11 or so if memory serves correct. It sounds like it's going to be better looking than KERN is right now, but fully integrated and ready to roll.
That's just my impression. They can start buying things the way KERN did with all that cash, but they won't be burning cash the way KERN is. I think this is a pole vault to KERN. A surprise attack. A puoncing, and Jessica must be speechless right now
Again, just all my impressions and speculation. Again, analytics is the focus, so I really feel like Garvis Toler, that came on last year, when MOR was founded, must have been a huge influoence here. I bet this was in the works for a long time, and that's the directon Garvis has been steering this company. Being the former head of capital markets, that just seems what's written between the lines to me. They dumped the Guard to go software, higher margin business. A technology focus, and I think technology and vested directors and cash is more of what MOR is all about, rather than an established business with revenue at this time. That's my hunch. I do like it. It's very intesting. I want to see how the cards fall here.
I don't think I personally would want to venture out past .21 as a buyer. I just don't know enough to say . I feel very comfortable with .21. Since I have 5,000 shares ,I want to be greedy and catch things below that IFFFF I'm lucky. I know most investors have the attention span of a gnat, especially the ones that invest on this exchange. But when we are on Nasdaq, that will no longer be the case.
I like this... And again, for Zac and the others to give up control of the company, taking a backseat yet retaining their respective rolls, tells me they believe in the accretive power of this deal, and a way to Leapfrog over the Queen of Carthage.
KERN V. HLIX
The gap between HLIX and KERN continues to shrink, as predicted.
Today's close of HLIX is a market cap of $39M, KERN is approching it's 52-week low, closing down today at $59M. Just a 20M gap now. Smaller and smaller the bridge gets.... That was a steep fall today for KERN too, to $3.75 after an S-1 registration yesterday. SPAC's are trouble. Nasdaq company, one of HLIX's main competitors.
I hope Jessica gets a rude awakening. Remember, she sold a $10.00 for a cool $1M. I'd love to put her in shackles. I'm thinking a dungeon and whips for her.
According to a skim on that filing, she wants $4.43 per share when her stock closed at $3.75 today. She needs to cold water splashed in her face ASAP. She has really been talking her company up, leaving us out of every investor deck, and we are her main competitor. She acts like we don't exist. Oooh, I need her and Alan, the confused canabbis analyst, both together in the same room at this time next year. I need a sit-down meeting with both of them. Actually, I need Alan in a separate room with a gag on his mouth and he can just listen from afar and shut up. For Jessica, she needs the dungeon.
Can you speak English please. Remember, I said full, complete sentences. With verbs and all.
You said something about reverse split. There is nothing about a reverse split. There is a conversion. That's not a split. I gave you a full list of Nasdaq requirements. You can make minimal assumptions there as to what Forion will be like when it opens on the Nasdaq, assuming the deal goes through. And based on every other deal like Biotrack and Amercanex going through, there is no reason to think this one wouldn't happen either.
You don't have to do a r/s to get to $3.00. There are others paths there. This is another way. A more intelligent way. A definite JP Morgan influence here, which this team has many cross-polinated backgrounds in. This is high finance stuff. In fact, this is one of KP's questions I submitted. Another one that was sidestepped. I put it on the bottom of the list because I thought, no way... He was asking if there would be any plans to upgrade to a higher exchange in the future. No way, I thought. But this is exactly what they are doing. This move consolidates a lot of those questions I think. I need to go pull up those questions later and review those in retrospect.
There is a whole new company being formed called Forion. Completely different capital structure. Meaning, the outstanding shares and everything changes. HLIX is only 27% of the newly formed company. Hence, for every 1000 shares you own, you get 27 shares of the new company Forion if you want to exercise that right and hold to the end -- that's where the .027 conversion comes in.
When you buy HLIX today, you are not buying HLIX per se. You are now buying the option to buy into Forion, of which HLIX will comprise 27%. You see, it's like a reverse merger to my understanding. MOR Analystics is going public through HLIX, the same way HLIX went public through an empty shell, to my understanding. It's almost like a SPAC in reverse. Now it's a company coming through a legitimate company called HLIX, rather than an empty shell. A reverse merger to them.
Hence, it's called MERGER -- M-e-r-g-e-r. Two companies combining to form a new company called Forion. As in two companies combining or MERGING. Not a reverse split. It's called a MERGER. That's why it's called a merger, Whatsup. Because two cmoopanies are merging together. Get it?
I have a hunch that Garvis Toler was a huge influence on this deal, Global. Just a hunch is all, based on his background in capital markets. Plus the fact that it's MOR *analytics*. Analytics, being what Garvis has really been focused on.
It sounds like a great shot across the bow of KERN to me. A good response to them. With the $10M, that's like the capital infusion we needed. That's just the amount I said on the time-stamped record that I think woudl be perfect for our needs. I'm so glad that didn't buy someone, like they were talking about as a possibiity when that filing came that raised the authorized share ceiling. Maybe this is what Zac was alluding to in the conference call *prior* to the last one, when he said they were working on that dillutive situation and that retrospect is 20/20. I think he knew the deals got toxic. This could have been that financing he was "hoping to report on" in the last conference call, which didnt' happen. And one of the submitted questions he sidestepped. In fact, he sidestepped all but one or two as I recall. If this was that deal, I can see why he wouldn't really be able to expand on that.
Just don't know what MOR brings to the table. But they must be bringing something if they are going to be 72% of this company. And somebody mentioned somewhere that this comes with no debt, but that's not true. The PR says it comes with no *new debt.* Sounds very exciting.
I do think 21 cents is a good buy. If I didn't have a foot in the door, I'd take a position here for sure. I want to buy back some shares below .20 just out of greed. Anybody?
And with Helix on the Nasdaq, it will get more credibility as you noted. I'd venture to say a lot more comparisons to KERN. And, Ohhhh, I can't wait to go spank Alan, the confused cannabys analyst, once the deal is complete. I have a mouthful and more to say to him when the time is right.
There is always a chance a deal could fall apart. Every deal HLIX has made so far according to their PR's have all gone through, and all releatively fast. Vincente Fox is on the written record as accepting the board nomination in a long article from a third-party source. Maybe he changed his mind, but not relevant.
In the last filing, there are several monetary penalties, and huge payments made if the deal falls through. Depending on who backs out or whatnot as I understood on a skim. That could still benefit HLIX, depending on the reasons.
What call center? What are you talking about? Do you have more alleged inside information you'd like to share? Any corroborating evidence that you can supply if you do share?
What does FOS mean?
Do I think HLIX is FOS, you ask? Does FOS mean Fructooligosaccharides? No, I don't think Helix is a Fructooligosaccharide.
Does it mean full of S$#@? No, I don't think they are full of #$@!.
Hi, Trade. Yes, it's .027. It really all depends on what the capital structure is. There is a lot of detail about it in the filing, but I only half-way skimmed. I came up with 11.5M outstanding shares as my rough estimate for the new Forion Company. It may have that detail in the filing, I just didn't really look. I'd like to see how my simple algebra plays out in the final conclusion. I also didn't account for the conversion of all outstanding convertibles into the OS, which would also contribute to the OS in the new company. But I'm thinking it won't be too far off my rough estimate, which I did some rounding up on, on some things.
So, for simple math of 100,000 shares of HLIX: That would give you 2,700 in the new company Forion. Which would have less than 10% of the total OS of HLIX at this time and on the Nasdaq according to my rough estimate. That is a good exchange with much better governance.
I don't know how to value MOR. I have insufficient information. It's very speculative . But you can value HLIX, and that will be 27% or something of the new company. Going by memory, I don't remember exacctly right now.
It's very speculative to know what your 2,700 shares in the new company on Nasdaq will be worth right now. At leats for me, I don't have a good way to value it. But I do like the idea of being on the Nasdaq.
Although, a good benchmark I think to go by is Zac's new options he was given. That's our current CEO, and he'll continue as President of this division. He can has the option to buy at .21 cents by my math, and those options convert into the next company as well for the other half of them. So, anything slightly above .21 and below would have to be a good value for ZAC according to common sense as I see it. And if it's good Zac, it's got to be good for all as I see it. That's just my 3-cents worth that nobody is paying me to give.
I don't have a CRD number. I'm a free agent. Retail investor. Nobody that you can report me to. Ever seen the Sci Fi show Firefly? Well, that's like me. Nobody to report to. I fly solo, no rules, no regulations.
Perhaps you need to read my profile again here:
https://seekingalpha.com/user/45184186/comments
Racer-X. No CRD on my vessel. Just a big X for my vessel's insignia. I fly under radar. Or, on radar. Depends on the situation. I go where no registered financial advisor can travel. I can buy anything I want. No passengers here. Anybody that wants on board needs to shut the #E$#@ up or jump out the window. No stopping, and no catering to whiners. If you can't handle the heat, don't come on as stowaway. I'm completely unregulated and rightly so. Don't need your money. I put my money with my mouth. Don't need to be paid. I pay myself. I have precious cargo. That's one of my advantages. Want to report me? Talk to the hand! :)
I've been demoted.
First, you said I was Zachary Venegas himself, Whatsup. Why did you demote me to paid promoter? You can't keep your stories straight or your delusions.
Is anyone that disagrees with you a paid promoter or just me? Or am I Zac and a paid promoter? And if I'm ZAC, then who exactly is paying me to promote?
Personally, I think I'm an underpaid truth teller. In fact, I'm a free agent. Nobody is paying for my services. I should have a subscription fee. You should be paying me for all the subconscious pro-scientific tools I've been feeding your brain the last few months. I think I improved you somehow. Although, you still are saying "your" when I keep telling you it's "you're." It's hard to get things to sink in with you.
How exactly do I get paid, anyway? I've been complaining for the last 3 months on the time-stamped record. Was I on paid leave during that time? Or was I on suspension? Or, how does that work, exactly, in your head?
And if I'm paid to promote, that should mean I'm influential, right? So, are you saying I'm influential? Because I feel like I talk to walls around here myself.
Today's FINAL CONCLUSION:
First, I want to welcome SubLover. I'm going to love it if KERN becomes subserviant to HLIX. But I did sell today.
10/19/20 15:47PM EDT Buy 1000 TOT Executed @ $32.76
10/19/20 15:46PM EDT Sell 35000 HLIX Executed @ $0.31
My avg. cost was .29 as noted on the time-stmaped record. I sold 35,000 of my 40K shares today at .31. That doesn't mean I don't believe in HLIX. I'm here long with 5,000 shares left, and those will be the .10 cent purchases for tax purposes going forward, and I'm going to see how it all plays out. I don't know what MOR is, and I don't understand it. But it sounds interesting and good. Now at .31, shareholders need to see a $12.00 Nasdaq price for equal monentary value of their current HLIX shares. And, again, that sounds reasonable if it comes with $10 million as they say, andplus all the unknowns of MOR. I don't know how to quantify MOR at this time.
And I just wanted some help to buy TOT above. My step into renewables. That's a French Oil and Nautral Gas Energy Company making the transition to renewables. Solar power and Wind Energy. And that's what I want. That was a good day.
Whatsup, I hope you and your little companion, what's his name? Little Yankee Doodle or something from Khriron? Whatever. I hope you two have a good time doing whatever it is that you two do. Just be happy. Make up a new story tomorrow about how you met with Zac and this was all your friend's idea. And then you can change the story every 24 hours, and then take credit for it all. That would your MO and so please start workign on your story. Just try to rehearse with Yankee Doodle. Maybe he can give you some pointers or something.
8-K Filing.
SHHH!! Muzzle yourself, Whatsup.
8-k is out. That's better than your letter of intent.
https://seekingalpha.com/filing/5198255
Don't have time to go through all the details right now.
As of this moment in time, I'm now at break-even. Costs are covered. I haven't sold my shares, but my avg. cost is .29 which is where we are now. Good day today!
I have Whatsup down for 10,000 shares at 13 cents. Since he allegedly went "long" there without disclosing how many shares, no matter how many times he was asked. Then he did a 180 and said we were going to 5 cents because he "knows." All after the alleged time-stamped record of him claiming to have "taken it on the chin" at $2.00 or something. But then changing his testimony and saying he was short. All over the place. Can't keep his stories straight.
So, actually, I need to fix the books and cancel out his 10,000 shares, but I'm still giving him the benefit of many doubts.
Please do NOT talk to our guests, Whatsup! Look at Khiron over there and the 3-year chart over there. That's your companion's stock, which I have a foot in. They replaced their CFO today. That's never a good sign. Are they going to Nasdaq? No.
Today is a pivotal moment for HLIX. Nasdaq has credibility. Depending on how you get there, of course. This isn't a SPAC, so this is getting there by the rules. Earning your place on Nasdaq as I see it.
Don't you have a broom closet or something to organize?
My apologies, Mr. SubLover. All towns have their village idiot. If I were Chairman of this board, he would be locked up with a gag on his mouth. There is only so much I can do.
Whatsup, by head of the board, I assume you mean Chairman of the Board.
This is what the PR says: "Max Wygod, co-founder of MOR Analytics, will become Executive Chairman of the Board." That means Max Wygod will be head of the board. Capiche?
Capital Structure of Forion:
Another way to look at is a little algebra:
Helix Technologies (OTCQB:HLIX) to merge with Medical Outcomes Research Analytics ((MOR Analytics)) in an all-stock merger, whereby MOR Analytics members will own ~72% and Helix shareholders will own ~28% of the combined company on a fully diluted basis.
If HLIX currently has 119M shares (rounded up), then converting at .027 would be 3.2M shares. Those shares would represent 28% of Forion:
So .28X=3,213,000
Solving for X is 11.5 million shares outstanding for the new Forion Nasdaq company. KERN currently has a misleading 14.6 million OS pre-dilution of all its convoluted acquisitions which haven't been digested yet. HLIX just reached positive cash flow and fully integrated its acquisitions and divested itself of the Guard.. No idea what MOR looks like, but 11.5M OS on Forion would need a market cap worth 19M to be equal to what HLIX is today by itself.
Which would be 11.5M * X = 19M. Solving for X makes that a $1.65 Nasdaq stock price, which falls far short of the $3.00 minimal listing standards. But that's only 28% of the new company. The other 72% is a mystery. I know they raised over $2M according to this early Form D early this year:
https://sec.report/Document/0001802902-20-000001/
And the PR says they'll have $10M cash. It sounds quite interesting! And that would give those investors in that Form D filing an exodus. But by Nasdaq rules, they'll be restricted for at least a year to my understanding. Trapped, and rightfully so, like KERN's shareholders, which props up its price as I see it on a corrupt SPAC.
MERGER - Dilution Concern ENDS Today
Just got blindsided by very interesting news. HELIX is merging with Medical outcomes Research Analysis. I don't know enough. This sounds great on the surface. News Source:
https://seekingalpha.com/news/3623106-helix-technologies-to-merge-medical-outcomes-research-analytics
"Upon completion of merger, both companies will become wholly owned subsidiaries of a newly formed company, Forian and expects to go public on the Nasdaq Stock Exchange.
Each Helix shareholders will receive 0.027 shares of Forian common stock. Additionally, at the time of merger, Forian will have in excess of $10M in cash available and will not incur any new debt to affect the merger."
Wait a minute. I just got this notification this morning. This PR came out on Saturday. I didn't even know it. Granted, I was out of town.
https://seekingalpha.com/pr/18047472-helix-technologies-inc-and-medical-outcomes-research-analytics-llc-to-combine
That solves the dilution issue. Remove the toxic waste. Although, they did do damage and scar us. But this sounds good. To go Nasdaq where KERN went through shady means. I don't anything know about MOR.
My 40,000 HLIX would convert to 1,080 shares of FORION on the Nasdaq. While I have no idea what the capital structure of FORION would look like, nor do I know what MOR looks like in its own right, I know Nasdaq has taller orders for listing standards as follows:
1. Shareholders Equity of at least $2,000,000
2. At least 100,000 shares of public float
3. A minimum of 300+ shareholders
4. Total assets of $4,000,000
5. At least two market makers
6. $3 minimum bid price of the company stock
7. Public float market value of $1,000,000
I get the feeling with KERN over there kissing $4.00 that FORION is going to open a lot higher than that. 1000 shares times that Nasdaq price will be X. Which I'm guessing will be more than what my 40,000 shares of HLIX are worth at 10 cents. I think that's a good bet. And with $10M to work with. That sounds better. This might be the answer to KERN.
Zac will no longer be CEO of the whole company. He can be overruled. The governance changes. For ZAC to do this, and with his new options that convert at 21 cents, I think this sounds like a good deal for shareholders. Those options would by necessity have the same conversion ratio.
The new Nasdaq stock would have to open at $4.00 for HLIX shareholders to realize an equal monetary value of their HLIX stock. That would be too close to the $3.00 minimal standards for Nasdaq and defy common sense. KERN, after all, opened at $10 or so by shady means on a SPAC to get to Nasdaq. This wouldn't be a shady way to Nasdaq. For Zac and other insiders to take a submissive position to MOR, that would by necessity of common sense dictate that it must be better for them. And if it's better for them, it should be better for the common as I see it. Which by necessity of pure logic would imply a capital structure that opens with a stock price on Nasdaq significantly higher than $4.00 per share.
Then you'd flip the tables on Jessica, the Queen of Carthage, the B herself of KERN, and become the dominant. Maybe she can call us Dominus and bow down to Rome. On her knees as her cash approaches levels we will be opening up with on Nasdaq as her superior. I like the sound of that.
Hi, Emerald. Your input is what I always value.
This is what it says:
"The exercise price of the Options is 110% of the closing market price on the date of the grant, or $0.1045, and the Options vest 50% on the grant date and 50% on the first anniversary of the grant date. In the event of a change of control of the Company."
I don't interpret that as exercising at .1045. I can see how you're reading it though. But it says exercise price is 110% of closing market price. The market price has never been 50% of what it is today. There could not have been a grant on any "market price" that closed on any day at 5 cents. That just never happened.
Exercise price is 110% of grant price. The comma to me is saying, "Closing market price on date of the grant, or. 1045." I read that as, the closing date of the grant was .1045. So he can exercise at 110% of that price, which is 21 cents or thereabout. And, yes, he can exercise at that price now for half those shares as you noted. But there would be no point because he would have to buy at .21 and sell at market for a loss at today's prices (equal to grant price). So, that's an alignment of interest. Correct me where I'm wrong.
Are you cherry picking again?
"Company’s Chief Executive Officer, of incentive stock options to purchase 300,000 shares of the Company’s common stock (the “Options”) and payment of a cash bonus of $75,000. The exercise price of the Options is 110% of the closing market price on the date of the grant, or $0.1045, and the Options vest 50% on the grant date and 50% on the first anniversary of the grant date"
So basically, he can only buy 300,000 shares of HLIX stock at .21 cents if he were to exercise this right. 150,000 shares allowable now, and the full 300,000 one year from today. So, as of now, anything below .21 cents is worthless to him. And I'm sure he's not interested in buyinig at .21 to sell at .23. Good alignment of interests. So he can dilute himself and leave Toler and Mr. Amercanex (both of them still restricted I think) with nothing, or he can create shareholder wealth.
Water Control
I actually bought almost 20,000 shares today at .09 cents. But not of HLIX. I bought the Chinese woman that can't give birth:
0/13/20 13:19PM EDT
Buy 19800 AVNI Executed @ $0.09
That puts me over 67,000 shares, and the float is under 1M with only 2M outstanding. Basically, if you want to drink, you need to talk me. Price Gouging 101. Because when that lady gives birth one day, she's going to give birth like a corrupt SPAC. Restricted access to free markets.
Is it better to own the dessert, or is it better to own the land of plenty? Well, that should be a parable. I think it's better to own lots of nothing rather than some of greatness if you are going to be diluted all the time. I'd rather sell you mud water at priced gouged prices as opposed to Perrier when there are no dams. The only reason gold has value is because it's scarce. Get one of those neutron stars out there or whatnot, and you'd have enough to fill a thousand Earths. Useless and valueless. Like HLIX stock if they keep up the bad behavior.
So far, so good. Maybe the spickets have been turned off. Too early to tell. And too early to know if it's a temporary seal. KERN is going to find its way here for the same reasons.
Greatness is in being Mr. Jones. Not keeping up with him. Better to live in a wood house if surrounded by straw huts, rather than some big estate. That's is peer reviewed psychology. Don't make this stuff up.
The precious metals at AVNI are so rare that you have spreads galore. Here, you have fractional pennies for spreads. And that's not fun. That's bull#$#@! And Garvis Toler knows this because he's smarter than me. And if I know it, he knows it.
Everybody should tell predatory lenders with their convertibles to stick up their #$@!!! Don't feed predators.