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You always tell the truth?
This statement is its own falsification. A non-truth. In fact, in psychology, it is a well known TRUTH that everybody lies. And lies are not necessarily a bad thing.
A smart man would say, what is truth?
There is emotional truth. There is factual truth.
For your claims in regard to Helix, all that's needed is some supportive evidence to your truth claims. Otherwise, they are just stories. And that's a true statement.
For some, they require no evidence. Those would be the unscientific minds that know "truth." But truth be told, wisdom is found in those that know they don't know.
Once again, I refer you to Carl Sagan's Baloney Detection Kit for a good source on separating fact from fiction. It's a beginner's guide to truth seeking.
ETHICS OVER DOLLARS
Let me repeat myself, PHUN, since you want to get pompous with your shareholders. Don't ever flip your nose up at me. You work for me. I don't work for you. You shut the #$@% up and get out there and work!
Here is another article on your company endorsing a short:
https://seekingalpha.com/article/4355498-phunware-still-name-to-avoid
Don't ever forget who you work for. You serve us. We don't serve you. I find any association with the Trump campaign a serious character flaw. It shows you are either disconnected to reality, or you share the same unethical business traits.
Don't fix blame like Trump. Start fixing problems!
Nobody gets a pass to come to Nasdaq through a deregulated loophole and then get their tuches kissed. You cheated to get here. Just like Trump. You don't deserve to be on the Nasdaq. Prove me wrong and build shareholder value and quit talking. Put up or shut up!
And don't think for a second you have me fooled, Mr. A.K. I know exactly whose posting here and who should be working instead. If you have time to talk while serving up crap to your shareholders, then you need to be out there working and put your head down. Don't ever cock an attitude with me again.
I'm a buyer at .21 here - the 52-week low.
IF it hit once, it's possible it will hit the 52-week low again at .21 cents. I think that's an excellent price for this company. At which time, I vow to purchase 10,000 shares to add to my existing 2,000 shares purchased on the record at .54 for a foot in the door.
We've had some great investments here made at $2.00, so I don't want to you guys that bought high to feel like you aren't appreciated. You are! You made all this possible. Without your hard earned money, we couldn't have this great new facility that I hope to pick up for pennies on the dollar.
I see big things on the horizon if things work out to theory. I do love the company. I hate your cash burn, but let' hope that changes. That's cash from the high-buying investors. And being a low-buying investor, it's time that that cash gets put to work!
Thank you for your efforts and your investments! Maybe medical cannabis can be a good gypsy cure for Covid19 too! Prescriptions and dollars and price gouging! I don't care if it's placebo or not, just show me the money. Your money, to my bank account, and then we can move forward together! :)
That's actually a funny skit. I like it. That was a great show. Jackie Gleason is the best. I liked him in Smokey and the Bandit the best. Part 1 that is. The second wasn't funny because it tried too hard, and the 3rd was a disaster.
Now, back to background checks. I've already long ago comcpleted my background checks on HLIX and Biotrackc and Amercanex. Not everyone is a saint. I need to do a background check on you! Although, I have a good working psychological profile already. As well as on HLIX insiders. In conclusion, I wish you did less talking like Zac and more doing! LOL
I'm busy on other background checks, like the scam cannabis stock that is trying to emerge. Where I'm up at 3 cents still from .0078. I see chatter now. I know one of those is a criminal mind for sure. His background checks are squeaky clean as far as law enforcement goes. That's why I prefer my psychological profiles. He's got a great criminal mind. That why I keep going back to him to ride on his coattails.
I see chatter has started back up over there after a long lull. They had a PR, talking about their plans to give birth. I wish my Chinese lady friend over there would talk like you guys do. She doesn't talk or do. That's the worse combination of all. No talking and no doing. I'd rather a bunch of hot air like I'm seeing at scam central over there, mimmicking HLIX's business model.
They have talked about their plans for growth. Their plans to purchase others. They are talking about doing stuff that HELIX has already done. They still have a skull and cross bones, buyer beware, at OTC which they just announced they've gotten clearance to remove. Pipedreams! People love piepedreams. Mr. Market is liking what he's seeing over there, but not over here. Hey, don't look at me! I lead mules to water, but I can't make them drink.
Lucky for me, HLIX is already there and I can sort out the good, the bad, and the ugly. Hlix, the good, the scamsters at over yonder, the bad, and some posters here, the ugly. LOL
A man's got to know his limitations. I need them to start talking and releasing PR's of global domination. Becacuse I expect them to fall flat ont heir face and ride into the sunset with no rap sheet. Rince and repeat. I'll make sure I give you the riddle, it's answer, and the time-stamps AFTER the show is over. NO SOUP FOR YOU!
Is that your answer or is that a statement?
Are you high all the time? Does that explain why you can't speak correctly? Are you telling me you made your money back by shorting HLIX? I'm going to fill in the blanks here and assume your unidentified noun refers to HLIX. And if so, when? Any corroborating time-stamped statement to that claim or should we just take your word for it again?
Or, are you telling me to short HLIX? What are you talking about?
Breathe slowly. Think about what you are going to say, and go get sober first, please. Then come back and answer the question in proper English, full sentences, and identify your use of pronouns and use specific identifiers.
What does "donor want to know how I made my money back" mean?
Is "donor" shorthand for "don't you"?
So now you made your money back? Yes, please, do tell. And preferably in your most sober state, please. Another story. Time-stamps, if available, would help. Any corroborating evidence to your stories would be greatly appreciated.
You hope he's safe and smoking a lot of weed?
If he was safe, he wouldn't be smoking a lot of weed. Are you high? Because that could explain a lot of behavior here, perhaps.
Do you know that I never smoked tabacco or marijuana? Do you know I had 3 glasses of red wine last year, tops. And 2 of those glasses were at a company Christmas party.
If he's staying safe, he would be wearing his seat belt. He would choose a convertible over a motorcyle. Like me.
IFF you were safe, you wouldn't buy 100,000 shares of HLIX at $2.00. You'd just have a foot in the door, like me. It's like wearing a helmet on a motorcyle if you are foolish enough to ride a motorcycle so that you don't take it on the chin, so to speak.
Were you smoking lots and lots of weed when you had this alleged meeting of offering HLIX $20M? Or was this an LSD trip? What other mind altering substances, if any, are you taking lots and lots of? I have my doubts that cannabis can explain all of this. Unless it's just years and years of abuse and we have some definite brain chemistry malfunction going on here. That could explain some of the speech recognition problems I think.
At least your words and actions are moving in the same direction. The same vacuous direction. LOL
Do you understand the words that are coming out of my mouth?
Read my lips:
"I've done my background checks. If you have any evidence to the contrary, please present it."
What part of that did you not understand?
As usual, in the same MO we witnessed at the conference call, you talk past people whereas they talk over your head.
Next conference call, I urge you to present your alleged previous offers and future offers on the record. Put Zac on the record affirming or denying your allegations that come with no supporting evidence whatsoever.
Comprende? Capiche? Do you understand English? What is your native tongue, besides Pig Latin?
Diary Updates last 3 months:
Signs of life:
https://www.otcmarkets.com/filing/html?id=14165601&guid=Q77FUHAvCT9H5th
1. No transfer agent. 1M shares under "Security Details" at OTC is incorrect. The outstanding shares count went to 2M shares in latest 10Q.
The increase can be attributed to the following:
During the three months ended March 31, 2020, the Company issued 971,040 shares of its common stock valued at $0.10 a share to settle $60,000 in loans and $37,104 in interest (Note 3). During the year ended December 31, 2019, the Company had issued nil shares.
That means someone was paid "worthless" shares in order to move forward. More alignment of interests to me.
2. Management continues to pursue financing from CaiE to maintain operations while a determination of the likelihood of concluding a transaction based on the MOU remains uncertain.
The company also received another $25,000 last quarter as noted here:
Cash flow provided by financing activities for the three-months ended March 31, 2020, was $25,000 as compared to $5,600 for the three-months ended March 31, 2019. Cash flows provided from financing activities over the comparative three-month periods are attributed to loans from CaiE.
Caie continues to throw money into this but refuses to give birth. Incredibly frustrating. Yet, bleeding is punishment for the delays in my eyes. Fines.
BTW, Caie. Since the time you started trying to emerge, HLIX started AFTER you. And they have already grown to $20M yearly revenue in that time. If you call them, maybe they will help you come out for a smaller fine than $25,000.
3. We will require a minimum of $50,000 in funding over the next 12 months to maintain operations and to complete a definitive transaction with CaiE. We anticipate that required funding in the near term will be in the form of debt financing from CaiE.
And yet Caie continues to drag their feet. Chop, chop! Move!!!!
4. Should the Company not reach a definitive agreement with CaiE, it will seek to identify an alternative business opportunity for which purpose it will require a minimum of $25,000 in funding over the next 12 months to maintain operations. Should an alternative business opportunity be identified, we will need additional funding to complete an alternative transaction. We anticipate that required prospective funding in this instance will be in the form of unsecured debt or equity financing from stockholders and third parties. Despite our confidence that funding will become available for an alternative business opportunity, we do not have such alternative financing arranged
In other words, get your #$@% together, Caie! Move things along!
5. Since entering into an MOU with CaiE, the Company has secured a series of loans from CaiE in the aggregate amount of $169,610. Despite CaiE’s determination to assist us until such time as we close a definitive transaction as intended by the MOU, we have no future commitments or arrangements in place to move forward.
And make Caie lose it ALL! Fire these people if they don't get their act together. Quit playing with them, Arvana. Give an ultimatum and stick to it. Treat them as a tenant. Pay or get evicted. And find a quality person that can execute. NO EXCUSES!
44,550 Shares Now
06/22/20 15:17PM EDT Buy 5000 AVNI Executed @ $0.1275
06/22/20 15:15PM EDT Buy 1750 AVNI Executed @ $0.1275
06/22/20 15:14PM EDT Buy 1250 AVNI Executed @ $0.1275
The burden of proving your claims doesn't fall on me. That burden is yours. I've done my background checks. If you have any evidence to the contrary, please present it.
I feel like I'm talking to my company's tech support when I'm talking to you. Do you need a job in tech support? LOL Just recently in this forum, I was talking about a procedural problem that my tech support fixed but dismissed. So, I'm letting the problems backlog.
Today, in fact, I just called another dept and said, can you confirm situation A? I don't trust the data based on Variable's B's potential input. Their reply was, according to Data J, that is affirmative. Errr, that wasn't my question but it is precisely Data J that is in question. Therefore, I have put in the notes that dept.'s answer so they own it. And uploaded their written response as supporting evidence. And when all these backlog, it all falls on other people. And I'm washing my hands clean of it, and I hae the supporting emails to prove I was dismissed.
Garbage in, garbage out.
There is a new procedure that is causing a problem. I can see it. Nobody wants to listen it. Cognitive dissonance. Just like here.
Talking to walls, everywhere I go. Just bought some more Chinese potential today. One day, she's going to give birth. See, that's a nother problem over there. Nobody knows what they are doing!
That's an interesting story.
So, that means you must think Zac is a good operator, contrary to earlier testimony on this board.
Why not offer them $20M like you allegedly did before? What are the terms going to be? Why should they accept your money now if they declined it last year?
Is the $5M to save your $200,000 loss which you "took on the chin?" And how exactly is 4% of 5M taking it "on the chin"? 4 percent is of course assuming $5M is your entire net worth and that you lost the other $15M you allegedly offered last year. Just to give you a high 4 percent "chin" number.
Are we going to get any supporting evidence of this alleged meeting when it happens, or do we just have to take your word for it? In the next conference call, could you ask Zac publicly and on the record about the $20M you offered last year and the $5M you will be offering? So that we can get him on the record denying or affirming your testimony? Certainly nothing to lose on your part since you want us to believe this, right?
I mean $7,000. At .07, your 100,000 share purchase at $2 -- The $200,000 you "took on the chin" would be worth $7,000.
I think that would be a great time for you to double down, Whatsup, for 200,000 shares. IFFF you are to get your price. That would be great predictive intuition on your part.
Then your 100,000 shares that you claimed to have purchased at $2.00 would be worth $14,000. Are you going to sell at .07 or buy more at .07 if you get your price?
I've decided I'm going to buy double at down at .11 IFFF I get that opportunity again. I'll buy 20,000 shares. That would be me in the same boat as the 26 accredited investors that put up $1.2M for restricted shares. Only, mine won't be restricted. Which would be a bonus.
That's like your $40,000 being transferred to me for $2,200 in theory. I would have preferred if you had just deposted $40k into my bank account, but this works too.
It doesn't matter how Mr. Market plays his hands. He works for me regardless.
36,550 shares now.
06/18/20 13:53PM EDT Buy 3750 AVNI Executed @ $0.12
06/18/20 13:52PM EDT Buy 1250 AVNI Executed @ $0.105
This company should go into the Guiness Book of World Records for taking the longest time in history to complete a reverse merger. I suspect that's why the fund in the previous few posts liquidated. Reading between the lines on the lastest filings, sounds like AVNI itself is getting annoyed at how slowly Caie is moving.
Personally, I say dump Caie and let somebody else come through. Give her a few more months tops and an ultimatum. Tell her to get her house in order, or lose all her investment here and find somebody else.
I'll keep that .16 per share average the same for simple math purposes, even though those 2 purchases are under .16. Ask is at .25. If anyone even thinks about sneaking past me for anything that appears under .16, you better think again. Your options for my shares at 1.00 and above. With or without Caie Foods. There are plenty of other companies that would like a nice clean shell such as this.
We don't need you, Caie. Hurry things along or get dumped. And I guarantee you will not out-live me. No more excuses. Get it done or get dumped. You don't have an eternity as the filings clearly express in their frustration with you.
Do not put up insider or former insiders names with their personal information again without their consent. Next step is reporting you to the proper law enforcement agencies. You've crossed a line.
That post was deleted. You've been warned.
I'm not sure I understand your question. IF you are talking about IVFH, only 9/12 of my goal:
Buy 2100 IVFH Executed @ $0.28Jun 19, 2020 9:53 AM ET
Buy 7250 IVFH Executed @ $0.28Jun 19, 2020 9:36 AM ET
Very thin, illiquid. But that's good. If it's illiquid for me, that's a great situation. But somebody has since rudely put a 10,000 share bid over my head at .29. Rude people every where you go . Just cutting in line, doing whatever they want to do.
If you are talking about how many shares of HLIX I have, that answer is 20,000 shares.
A Flight To Quality:
This is not a dis to Helix. But last night, I just found a profitable penny stock. A rare find. At 28 cents with a bad stock chart. This is what I meant when I said, "here was a flight from the entire industry to quality." Here comes another stock that is already where HLIX is trying to be. Why should it be priced less than HLIX was when HLIX was at $3.00? No logical reason. No logical reason at all. You just don't find penny stocks at 28 cents that are profitable either. That stock is IVFH.
Let's do some 2019 year-end comparisons because I'm going to buy 12,000 shares of that stock today.
HLIX comes in at $15M with gross margins of 50 percent, growing revenue.
IVFH comes it at $58M with gross margins of 28 percent, growing revenue.
Holy Smokes! Look at the lead. Granted, HLIX does enjoy high margins within a high growth industry. So, they've got that.
HLIX has a market cap of 20M and enterprise value of 25M
IVFH has a market cap of 9.5M and enterprise value of 10.5M
Holy Value, Batman! Can you say 50% discount to 3 times revenue?
HLIX - 20 cents
IVFH - 28 cents
HLIX net loss is $9.5M
IVFH net *profit* is $220,000
I also said that day in a prior post, "Case in point: Luby's (LUB). The Pappas brothers buying the stock from the time they took over the company in 2000 to present day."
Turns out, the son of one of those Pappas just took a seat on the board of IVFH and is the comopany's largest shareholder. An activist shareholder that started buying last year, which is how he got a seat. And I know from a proxy war with Luby's that that son has very close family ties to Bandera Partners, another activist hedge fund.
The point is, the cannabis industry was out of touch with reality years prior. IVFH has some head winds being in a competitive upscale food industry, especially in times like this. But, look at the head start!
These two are not scam stocks, which is comproised of most of the penny stock universe. These are legitimate businesses. Just saying that HLIX has come down to Earth. And that's a good thing. Lots of good tings out there. Lots of good competition for my money out there. And the best thing about it is that my business partner, Mr. Market, likes stocks that go up!!! What a dumb #$#! But that's okay. That's why it's such a good business relationship we have. :)
Thank you for stating the obvious again.
May I again refer you to:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156326733
Read it slow and carefully. The answer was given directly to your own question, in fact. Now you get to read it too. Are you deaf, dumb, and blind?
Expect that same trend to continue for a long, long time.
HLIX and China and Tremors
Oh my!
06/18/20 13:53PM EDT Buy 3750 AVNI Executed @ $0.12
06/18/20 13:52PM EDT Buy 1250 AVNI Executed @ $0.105
That never happens! As I'm watching that tremor, which is now over 900,000 shares and hit .035 cents so far,I saw the ask at .12 for AVNI.
Now, AVNI is a great comparison to HLIX. This is the Chinese lady that can't give birth! Can she do what Zac can do? Obviously NOT. She has been trying to give birth before ZAC was seen coming through the empty shell formerly known as SPKL. That's a true story!
Zac has gone from zero to almost $20m in annual sales now within a few short years. And, unlike others' claims here, the proof is in the pudding -- he is a good operator. The costs here are good. They've been going publicly cheaply. Their conference calls are cheap. They save money. Their "third grade accounting" was far cheaper than Mass Roots. And look where Mass Roots is at todasy? They just took Hyper as a partner, which is like a slap in the face to Blue Line Protection. Which is where some of our roots started after Zac stole their top brass.
Who do you think you guys are dealing with here? Amateurs? Some of us do our homework. Now, one day, this Chinese lady is going to figure out how to give birth. The good thing is that she is honest. Sincerely dedluded, but honest. I have DD on her too. Formerly from China, and she allegees the govt. stole her multi-million dollar business. Now she's a Trump fan. Not all right in the head, obviously manifested by her actions. Which are dead in the water. But one day! One day, she is going to figure out how to give birth. I have faith!
I have over 36,000 shares there now. And the ask just went to .25. It was .20 before. See, this is what Im talking about. I CONTROL THE WATER of the desert there. You want in, you pay up. And you better pay a lot more than 25 cents. Want ot see HLIX rerun? Stick around long enough, and you will. If we don't die of old age first. These Chinese women can live a long time. She's a woman though. She has that genetic brain advantage. But compared to Zac, I'm just not seeing it. Just not seeing it....
Tremor
I'm an experiencing a tremor. Is this the big one, Elizabeth? Is this the eruption from the corruption? I'm hoping this is more than the just a tremor before the forces of destruction are released.
In this post I'm referring to, I wrote:
Another Seed-To-Sale is coming
I just discovered a con man I know very well. He has a long history of cons, but no rap sheet. He is the ultimate long con. And is coming through a an empty shell, another reverse merger, with another seed-to-sale cannabis company. While HLIX and KERN are legit, nothign this guy does is legit. But he MAKES MONEY!
It's hard to get shares there. Only 200,000 acquired so far at .0079. Today, over 2 cents on over 300k volume. Explosive 184.4%! No news. No talk. No chatter is always a great sign too. Because when the chatter comes, that should be 20 cents. I hope this is the eruption and not just a tremor.
When the eruption happens, I'll be transfering those shares to HLIX. My business partner, Mr. Market, loves stocks that go up! And he hates stocks that go down. He is retarded, of course.
I have a riddle on the board time-stamped. I'll solve the riddle when the transference happens. Unsubstantiated claims, unlike my business partner, does not happen in my world. Everything must be verifiable. Or, don't talk!
Mr. Market is going to LOVE the business HLIX is in over there when the chatter starts. That's my prediction.
More hearsay then. Another unsubstantiated claim that doesn't open itself to falsification.
How many times is this story going to change? Was this at the same meeting where your friend -- I mean, you offered them $20M that they refused?
When you allegedly heard the word "profits," were they talking net profit? Was it a GAAP or Non-GAAP basis?
IFFF this what you heard, we would also have to assume that your recall of events is impeccable; is that correct?
Nobody can promise profits, and I recall no such promise.
Can you supply a link to this alleged testimony from Helix?
A *possible* time line:
IFFF HLIX reaches profitability by this time next year, and IFFF they get a big capital raise such as $20M on good terms, what could they do with that? I'd like to stop having to go to the market for capital and just get it from cash flows. Then anything from another Rose Capital type -- or Rose Capital themselves -- could be for acqusitions at that time. But what if they announced a share buyback program like Khiron, and they retire those shares? That would be interesting. Khron is doing it on a huge cash burn and projections that must pan out to theory. I'd like us to be able to do that IFFFF the stock price is low and it makes since to do so. That would only build shareholder value.
At that time, on my visionary time line, KERN could be on fire for trying to do too much, too fast. I'd love to give the a good metaphorical kick in the mouth at such time. And come after them with a fly swatter and show now mercy.
Never Was doesn't know what he's talking about. And never did.
All of this is Romper Room Temper Tantrums from amateurs. The truth is far simpler and nothing complex about it. This is how simple it is: Stocks follow fundamentals long term. Period. Doesn't matter what you do or say, nothing can change that fact. That's why I love the stock market. Because no matter what, truth always comes out of the shake. Nobody needs to kiss your little tuches or even give you the time of day. All that matters is truth.
The truth is this: HLIX was priced too high. All of you that took it on the chin bought high. Nothing complex about that. I bought some high too because there is no guarantee that the cannabis industry would have come down to proper valuations. There was a flight from the entire industry to quality. Plus, Covid and other economy jitters. Margin calls, entrepreneurs bringing their chips in, etc.
If the fundamentals are there, the demand will be there. The only issue is toxic funding whereby someone can convert at a discount. In that case, the lower the price, the more the conversion. HLIX benefitted from high prices in that they were able to acquire some good companies. Thank you very much. Now those valuations are right where they should be as I explained before. .11 was margin of safety, .20's is a good value in my opinion, and .50 would kinda high but you never know the cannabis industry as a whole will be overpriced again. And, eventually if HLIX stays the course, it will be worth .50 for a value investor. There are all types of investors. The squeaky wheels here are -- well, we don't need to go there.
It's just that simple. It's not rocket science. You are overthinking it. Looking for conspiracy theories. Acting rude. All signs of weakness. The loudest one in the room is the weakest one in the room. Of course ,there are some exceptions to every rule (looking to myself here). :)
HLIX has been on the rise since its inception. Improving its fundamentals yearly. The stock has always been far above its valuation. The the stock finally came down to meet a HLIX on the rise. Think of it as a rising HLIX meets a falling ceiling. The stock is not the company.
The good thing for HLIX at these prices is that the physics change against the "toxic" math. The fundamentals are there to support these prices because HLIX is real. And the fundamentals look better than KERN to me. Heck, KERN is software yet we still have better margins. Because are margins at Biotrack alone are at 70% blowing KERN's away. Which corroborates all the testimony out there in regard to MJ's discounting. The truth is going to come out of the shake.
KERN's price is manipulation as I see it. Lots of restricted shares, high potential for their recent round to become toxic, and like all SPAC's, it's just a matter of time before HLIX and KERN meet in market cap valuations. If the fundamentals of both stay the course, that is. You can't deny truth. Long term, the market is a weighnig machine. Short term, it's a voting machine.
Rule 10b5-1 For Dummies:
But first, a word from Zac taken from the conference call:
So, there's a couple of points I'll make right off the bat, and one is your totals are incorrect. That's one.
Yep, that's one! Terse. Nothing rude there. These guys hate facts and math. I think what he was wanting from you, Zac, was for you to get down on your knees, apologize, kiss his feet, and then compensate him for the losses on the risk he voluntarily chose to take, as well as punitive damages in his head.
Yeah, yeah, I know. I'm not saying he's rational. I'm just saying...
And the second point is, simply over the five years since Scott and I have founded the Company, we retained more than 98% of our total shareholding.
He opens himself up to falsification. Anyone want to try to falsify that claim?
So, that has nothing to do with where the share price is right now. And so, there's been a 10b5 program in place for very small shares of insiders over time, but nothing in the magnitude that you've been talking about, that you just mentioned
That's three! Some people are just tone deaf AND rude. Sorry, about that, Zac. Don't look at me!! I didn't train them!
https://www.investopedia.com/terms/r/rule-10b5-1.asp
How the Rule Works
For insiders to enter into a Rule 10b5-1 plan, they must not have any access to MNPI regarding anything about the company as well the company’s securities. To be valid, the plan must follow three distinct criteria:
1. The price and amount must be specified (this may include a set price) and certain dates of sales or purchases must be noted.
2. There must be a formula or metrics given for determining the amount, price, and date.
3. The plan must give the broker the exclusive right to determine when to make sales or purchases as long as the broker does so without any MNPI when the trades are being made.
https://www.jdsupra.com/legalnews/answers-to-common-questions-about-rule-47941/
What are the elements of a Rule 10b5-1 plan?
A Rule 10b5-1 plan provides an affirmative defense only if the following elements are met:
the plan was entered into in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1;
the plan was adopted at a time when the person trading was not aware of any material non-public information;
the terms of the plan specified the amount, pricing (such as trigger price if applicable), and date of the transaction(s) (or included a written formula, algorithm, or computer program for determining the amount, pricing, and date);
the person trading under the plan did not exercise any subsequent influence over how, when, or whether to make purchases or sales;
and the purchase or sale was made pursuant to the plan.
I see your point, KMP, but I think the CEO handled the question well. I was annoyed with the question. It was rude. Nobody talks like that. I listen in on conference calls all the time. It was bad behavior. It was along the lines of "are you still beating your wife" type of question.
FROM THE CONFERENCE CALL:
When are you going to stop selling shares into the public market and flushing share price down the toilet? I guess that it was like 210,000 insider shares sold in the last month by Scott and Zach and who else was it? It is three of them. You're just flushing the share price right down the toilet. And then, you claim that the market is mispricing it, but you're the one that's crashing it.
RUDE! It's like something from the Beverly Hillbillies show.
Whatsup with that? It's rude, accusatory, and a jump to conclusions. Zac was much nicer than I would have been. And Zac told his truth. And repeated it. If someone doesn't like the answer, you can't accuse someone of lying. Like the same ones do in this forum. If insider buying and selling was any indicator of anything, people would be rich following insiders. They don't even know what they are doing. I've seen insider buying for decades on stocks all the way to throwing in the towel. Case in point: Luby's (LUB). The Pappas brothers buying the stock from the time they took over the company in 2000 to present day. Covid19 was the final nail in the coffin. Now they are liquidating. Good for me, however, because I started buying that 2 or 3 years ago based on the real estate and a turnaround. Turns out the real estate is my life boat and Covid was the final nail in my turnaround ambitions.
The bottom line is that stocks follow fundamentals. It's more selling than just insiders. It's people they bought at Biotrack too. I'm sure includes Jennifer and her husband from Cannabase long ago. One was talking about selling his restricted shares to a firm that would buy them at a discount. Basically works the same as toxic financing in a way. And I don't blame anyone for doing that because people sell their hard work so that they can retire. The entire industry was priced high. On comparative basis, HLIX was cheaper than others, but on an industry comparison basis, it was very high.
You are correct that we are priced at a better p/s now. That's really all that matters. And can they scale, you ask? Well, it seems liek they have been scaling. They are growing. They aren't far from profitability. I'm hoping this $1M can be enough to carry us there. I hope they don't buy someone else. Then again, that's just my opinion. It's very competitive out there. First move advantage makes a big difference. KERN is putting on the pressure. They are being very aggressive.
Nothing is guaranteed in life. Everything has a risk associated with it. Nobody can make promises. These conference calls are not required by law. People should be thankful they even give them. And respect them and respect the people giving them. And treat everyone with the respect they'd like to be given in return. Unfortuneately, I couldn't find the dang key pad on my virtual whatchamacallit. I just wanted to say thank you and ask an intelligent question. I closed my window and never could figure out how to get it back. It part of a software program where I had group chats and individual chats going on with co-workers at the same time. So, chalk that down as another software issue.
I also appreciate that they had that confernence call transcribed and posted within just 2 or so hours on Seeking Alpha. The last two at NROM mysteriously vanished without a trace. And I was in both of those too! I can record these calls too on the same software I think. I need to figure out how to do that too! Much better behavior over there though. Very good questions. The problem isn't with Zac and Ogur. The problem is our investors. Amateur hour!
I just don't know why nobleroman takes this so seriously.
Because that's who I am. Pursuit of truth in all matters.
who knows how many lurkers read this board? can't be too many.
Not relevant. Implies I have a Trump complex and like big crowds. It implies that readers are a necessary criterion for my motives, however elusive they are to you. More jumping to concluisons. I just like truth.
I found it after I got pissed at the drop after a dollar per share and wanted to find online discussion about this less than honest company and leadership.
I would prefer you use "angry" or a less vulgar word in the future. It would make you sound smarter too. As a bonus.
All I did was want to invest in a pot stock that was local to my area.
Well, that's how it goes. Don't buy high. Buy low! If you aren't sure, just take a nibble. The stock market is an agent for transferring wealth. I used to tell people: We can do this easy way or the hard way.
Deposit your funds into my account, or I'll take it. That's what makes the market so fun. You have fear, folly, and greed at work. Sounds like yours was a mix of all 3. In my case, I bought more as the stock dropped. Why didn't you buy 10,000 shares with me at 12 cents? Kick yourself!
needed to do better due diligence. I mean, look at their glassdoor employee reviews.
I'm looking at the reviews right now. 2.8 stars. You have the good, the bad, and the ugly in there from 18 reviews, which isn't a large enough sample for what they call in statistics a "completely randomized sample" *assuming* you have a normal bell distribution curve. Which would take a more sophisticated type of scientific polling or a very large sample. Still, not bad reviews overall and only one source of reviews out there, and only one piece of DD, and it doesn't even address value.
that should have sent me elsewhere. just glad I don't have more than a couple hundred bucks in this shipwreck.
If you have just a few hundred bucks, why are you so emotional? Are you poor? Whatsup says he lost $200,000. But he also says he has $10M, so it's not like he lost much either, which doesn't sound like he "took it on the chin." See, that's the problem. Our testimonies here suck. All over the place. That's because you are not being honest with yourselves, first of all. That's where the problem starts.
I'll be looking forward to the class action drama.
That's another jump to conclusions. Which is par for the course around here. A declining stock price is not enough. That applies for the entire industry. Just look at Khron, for example, from one of our hypocritical posters.
Thank you. On average, I feel like they are smarter than us. I think they evolved more 3 dimensional brains, whereas we were just the hunters. Their role is more complex.
I definitely have a low bar here though. At least I can run faster and lift more weight than the average woman. I wouldn't say every woman, but hitting the averages here.
FYI, it's not "your like a chick." It's "you're like a chick." Contraction. I don't feel like that is a typo on your part because it is recurring.
In the next conference call, I want you to be more like a chick and be more composed. Don't start off the call like you did the last one in a belligerent tone, and then act tone deaf when you get an answer. Learn some etiquette, and join a group of chicks somewhere on behavioral modification techniques. Because next call, I'm submitting questions in advance. I'm going to suggest the dunce-hat table not to be allowed in unless they can learn how to act. Again, look to the strong women in your life for guidance here. I always prefer them as a managers! I think they do make better managers in general.
Applying the scientific method to everything does not have a "side" of the fence. I know that's new to most of you, but it's sound epistimology. Conclusions don't come first in my world. Facts are not made to fit the conclusion. The conclusion comes from facts. Which, btw, do not speak for themselves. They must be interpreted in the light of theory.
In my world, it's more important to be right than not wrong. Again, the cognitive dissonance you face with this approach is great indeed. That's why you find the truth repugnant. :)
Now, you keep making a claim that you offered Zac $10M and he walked away. Well, actually, you said it was a friend of yours that did and you were present, and now you are saying that you did. These claims are just that -- Claims. Hearsay. If you want a critical thinker to believe you, and not somebody on your side of the fence, then that burden of proof falls on you. You need to supply supporting evidence. A consistent story woudl be helpful if you want to at least have a plausible story. Details matter. So far, you have even supplied sufficient information to be gleaned from a STORY that doesn't open itself up to falsification.
People with no sides of a fence in their minds -- ie, filtered through the logs in their eyes -- are left to wonder several possibilities from the STORY they just heard. One, perhaps Zac didn't nead the money; or two, perhaps the terms were bad; or three, Zac didn't want to take advantage of someone giving away their lotto winnnigs; or four, etc. etc.... The list goes on. INSUFFICIENT information. No supporting evidence. Hearsay. And, lastly, you can't even keep your stories straight.
Is it asking too much to at least get a consistent story? Critical minds prefer consistent stories.
Absence of evidence is not evidence of absence.
Ogur is so proud of his association with HLIX he leaves it off his bio at his day job at Spruce Investments in CT. I would try to hide that shit too
That was a jump to conclusions. That bio is the same as it looked when I looked at when HLIX was just the DNA of an empty shell trying to emerge.
https://www.spruceinvest.com/who-we-are/
Rose Capital, on the other hand, is very proud to showcase HELIX has part of their portfolio:
https://rosecapital.com/
Oh, and lookie there. They are also invested in Dixie. Interesting. Dixie is a partner with Khiron. Such a small world!
He seems like a good guy it is a shame he bought into Venegas' BS during the 9 months Venegas lasted at Spruce and is now attached to him
More jumping to conclusions. Also, contradictory to the facts. Venegas and Ogur go back decades prior to that as shown here in just one example:
https://www.institutionalinvestor.com/article/b150nrgygnhvpq/dubai-pe-shop-inks-deals-in-romania-iraq#.V_p8Jv-QKpo
April 17, 2006
Scimitar targeted Romania after Zachary Venegas, partner, traveled to the region..
Corroborated by Scott's own bio at Spruce, which is an indirect link to his long-standing parterning with Zac:
https://www.spruceinvest.com/who-we-are/
He brings over ten years of advisory and transaction experience, including: CIO and CFO of Scimitar Ventures, a UAE-based private equity firm
Whatsup' Claim:
Like I said they sell anyway they can I really offered them 10 million at 2 dollars way back when !!
The story keeps changing. First, you said you were present at a meeting with a friend that offered them $10M. Now you are saying it's you that offered them $10M.
You also stated on the record that you bought at 100,000 shares at $2.00 and took it on the chin. So, how did you get $10M when you can't even hold on to a quarter million? And why did you buy 100,000 shares if turning down $10M was so disastrous to you?
Again, what were the terms? Did it have toxic potential like Kern's recent 17M funding? Or did you say, "Hay, I just won the lottery and don't deserve this. Can you take it off my hands?" It does matter. Nobody sane would turn down your lotto winnings. Surely, there must have been a sane reason.
Not only is your testimony unverifiable hearsay, it's insufficient information.
Legally Fox is not nor has ever been a board member.
Page 56: https://issuu.com/innovationandtech/docs/c_t_wint19_digital
Vincente Fox: "So here again, I am on the board of Helix."
It is not a subjective thing and why even Venegas himself said he has not actually been seated because duh it is legally verifiable.
Zac Venegas: "So Mr. Fox has agreed to be on our Board, but we haven’t empanelled him as yet because Mexico's cannabis program has slowed down significantly and we don't want to essentially get ahead of the curve by focusing a lot time and resources in Mexico when it's not quite ready for market development. So when that changes, we will make the appropriate entitlements. So there is that."
Source: https://seekingalpha.com/article/4335101-helix-tcs-inc-s-hlix-ceo-zachary-venegas-on-q4-2019-earnings-call-transcript
Rose like the original investor Greenfield is a stand alone PE shop. The biggest asset is a CPG branding company again unrelated to HLIX.
Helix Board Members:
https://www.streetinsider.com/SEC+Filings/Form+10-K+Helix+TCS%2C+Inc.+For%3A+Dec+31/15318982.html
"Andrew Schweibold, Director - Andrew is the Co-Founder and Managing Partner of Rose Capital...
..."SAT JOSHI BOARD MEMBER
Satyavrat “Sat” Joshi is the Chief Investment Officer of Rose Capital. Over the last 13 years.."
You love propaganda dontcha
See above and below.
It is understated as the biggest sellers have been Biotrack founders and toxic debt holders as they convert.
That part may be true and I do believe part of that. And I also believe the debt is toxic as I stated on the record. I believe KERN will find itself in that situation too as stated on the record. I have argued that HLIX was overvalued with the entire industry.
Then he also stated today:
"So with only a few hundred thousand left in cash plus a 450K judgement against Helix and he already sold Biotrack's receivable he did more toxic financing that will flood the market in a few months
Actually, there was a recent capital raise of about $1.2M. So, my math puts that at $1.6M. Less a settlement and 2 pending cases in appeals or in litigation. That recent round was not toxic.
Negatory.
Ogur is so proud of his association with HLIX he leaves it off his bio at his day job at Spruce Investments in CT. I would try to hide that shit too, Spruce has real families and investors who do not associate with penny stock pump and dump. He seems like a good guy it is a shame he bought into Venegas' BS during the 9 months Venegas lasted at Spruce and is now attached to him
Orgur and Zac have been working together for several years, in virtually all former businesses together in those frontier markets. Their partnership spans over decades, actually, long before Spruce Investments. It's always been Ogur the CFO, Zac the CEO to my knowledge. The dynamic duo.
Also, clean up your language. We don't allow 4-letter words of that sort here. I'll let it stand this time as a warning. And also, try to quit misspelling the same words wrong with multiple ID's. It's okay to misspell, but try to misspell differently in order to be more icognito. Capiche?
Then he goes on to say: "The only hope for Rose Capital or any investor left will be to spin Biotraack out as a clean company free of Venegas
A shout out to the clueless: Rose Capital IS Ogur.
Then he says: Vicente Fox is not a board member. He has NEVER been a board member. It is not a subjective thing just a fact
So your position is that Vincente Fox himself is lying when he said, "I'm on the board of Helix"?
Page 56: https://issuu.com/innovationandtech/docs/c_t_wint19_digital
Is Vincente Fox the anti-fact? Or just delusional?
It seems like Jessica made a lot of money on KERN:
https://www.otcmarkets.com/filing/html?id=14211806&guid=smXFUeiLHw7OU3h
She just sold 70,000 shares above $10.
I'm not so sure that was a good deal. I feel confident HLIX can get a better deal if they stay the course.
Don't call us, Whatsup. We'll call you. And don't wait up as that call will only be made at the most desperate of times. LOL And supply your own translator. ZAC speaks several languages, but Pig Latin isn't one of them.
That being said, I don't think KERN is going to hit any of its lofty goals. They have have a lot of targets to hit with fine precision. I don't think the world is going to deal them a perfect hand. I see dilution coming and I don't think price discovery is properly playing out there yet. I think they will see that funding turn toxic as ours did. Ours didn't turn toxic until we too went below a threshold of .95 cents or so. That was a violation, similar to the ones coming for KERN in my not so humble opinion.
Our Competitor got a Really GOOD financing deal.
Kern got another $17M. They are so cash rich, and they just closed this deal last week:
Akerna Closes $17 Million Debt Financing
The financing is in the form of a Senior Secured Convertible Note (the “Note”), which is convertible into common stock at $11.50 per share. The Note, maturing on June 1, 2023, has a face value of $17 million and is being issued with an original issue discount of approximately 12%. The Note does not bear interest except upon the occurrence of an event of default and is to be repaid in monthly installments beginning on October 1, 2020.
It sounds great on the surface. That does show that they need more cash. As I said, they would be out of cash by next year at the current burn rate. OID's are confusing to me. They generally mean higher risk. You get into PIK and OID's, and you are getting into high finance. Makes my head hurt. The discount to an OID IS the interest.
This tells me that big money is out there for HLIX if they want it. HLIX has the stronger fundamentals to my understanding. We could consolidate all of our debt, and I like the fact that the conversion for KERN is out of the money. However, there are some caveats on the 8K:
The deal is great for KERN because the conversion happens at a high out-of-the-money price at $11.50. However, if they default, the conversion can happen at an 80% discount to price at time of default. And that's more toxic than us IFFFF they were to default. And they have left plenty of doors open for them to default under their definition of default. Inclluding not registering the shares -- Hello, S-1 Registration. And so on and so on.
But the COVENANTS leave more room for violation. Such as:
The Company also will be subject to financial covenants that requires it to maintain available cash in the amount of $8,000,000 at the end of each calendar month, subject to reduction by $1 million for each $3 million of Principal paid or converted with a floor of $5 million, a six month cash burn limit of $8 million and a quarterly cash burn of $4.5 million not to exceed $2.5 million in any one month.
So in reality, that's just a $9M loan to work with. The other $8M to be held as hostage earning interest in the form of a "discount." They have to travel the straight and narrow. So many rules to abide by, and if they weave or stray off that road in any way, they can get sandblasted.
They have really high cash burn right now. We, on the other hand, are so close to cash neutrality and have better margins. We are close in annual revenue comparisons. I bet HLIX could do something big like this. But they should be able to get better terms. I'd love to see them reach profitability and what kind of offers they could get.
This financing came from "two institutional investors." Maybe those were Whatsup's alleged friends. He claims Zac turned down $20M. Although, he refuses to give any details from this meeting he was allegedly at. Well, as we can see, $20M can come with lots of and lots of rules and stipulations. Has KERN walked into a trap, or will they navigate the mine field? Only time will tell...
The facts are these: KERN has a much stronger balance sheet than HLIX. HLIX, however, is much closer to profitability with toxic financing *to my understanding*. If KERN messes up, they can become highly toxic, and they are beholden to bondholders with great cash burn and high expectations.
Does this give HLIX more flexibility in the future? Does this corroborate Zac's testimony that offers are better these days? That all seems to be the case to me.
How will these two companies compare 365 days from now? That will be very interesting indeed!
No, I haven't used any of those platforms. I'm in an entirely different industry. I think issues are eternal and that would be consistent with my industry too.
Our industry standard was just user hostile. But I didn't realize that until I was acquired and put on the new software. Which I HATED because it was "harder" and "user hostile" only because change is so hard. Plus, I wasn't trained properly. Now I love it and realize that it's actually much more usuer friendly. And it is more powerful. Hence, the first mover advantage in experience is important. Market share grabs early are important.
I like my company's proprietary software much better, but it has more bugs. It's always coming out with a new version. A new fix, a new bug addressed. And usually when one is fixed, it makes another issue somewhere else pop up. And as we transitioned to working from home, we have other issues that are still being worked out. I had an issue yesterday I gave to tech support and I just got dismissed. They just fixed it. I keep trying to explalinto them that the procedure is going to cause problems when it gets to us (our department) -- oh forget it! I'm tired of arguing. They'll see. I'll just let the problem back up until they have no choice but to open their ears. LOL
But, yeah, I think that's just par for the course across any industry. I'm just applying my experiences to the cannabis industry and listening to those "issues" as parallel sounding to my experiences.
That's not funny. I don't mean any disrespect to you. I don't think it's nice to make jokes at the expense of others. I'm going to have it removed. It's bullying. I don't like bullying of anyone. Except the bullying of bullies.
When I get mad at HLIX, I got straight to the source. In this case, my *understanding* of some toxic funding. And I open myself up to falsification. Anyone can come in and explain to me why it's good or why I'm wrong. I don't want to berate anyone. I understand your intent, but it's divisive and wrong.
I won't even mention the author of this post. Everybody should be included in a joke and not the butt of a joke. That's not fun.
You should not let your emotions cloud your judgment. I wouldn't deny emotions. That would be a lie. But you shouldn't let them guide you either. Personally, falling prices should make one happy if they are a net buyer. IFF they know what they are doing.
Now, if you don't know what are you doing and you believe in perfect market theory, then I could see the anguish. Fear, after all, is generally tied to ignorance.
What is it in your "gut" that you feel isn't right? Surely, you can put a finger on it. Vincente Fox MIA? No, that was ruled out. A valid concern, but it was ruled out.
Angry because you bought high? Well, you have to understand what is value. Did I tell you to buy high? Did I ever say HLIX was a good value above $1.00? No, I didn't. I said I wanted a foot in the door and that the whole industry was overvalued.
Perhaps you should be mad at yourself? Maybe this is more about deflecting blame whether than looking inwards toward the problem. If you do see value, you should be happy. Like, I don't know: Perhaps buy 10,000 shares at 12 cents and not whine?
Another possibility is that you were right about value being above $1.00 and I'm wrong. You should therefore be extremely happy to have a lower price. That would be consistent logic. A sign of a warrior and not a fearful fool. Don't blame others for your problems.
One thing that is fact is that HLIX is stronger today than it was when above $1.00. The fundamentals are better. So, was it overvalued then and still overvalued? If you understand value, you shouldn't be so confused and angry. Again, pointing towards ignorance.
Blame yourself. Don't blame others. When you learn what it is you are doing, you will float like a butterfly and sting like a bee.
More Corroboration
In trying in futility to get Whatsup to talk, I finally got him to drag a name out. He won't give any details about an alleged meeting he was in with insiders, but he did spit out a name finally after further interrogation. Yet, it followed no line of logic.
I then said in the post I'm referring to, "I actually know that name Michael Litman. He was in my DD when I was in this shell before they did their reverse merger..."
It turns out my ancestor also did some DD that turns up that name:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=119119165
"Michael Littman has done a lot of work prepping the shell for a desirable vehicle to raise capital with. It appears Venegas saw this and jumped on it. I still feel like Jubilee Venture was the intended beneficiary, but I feel like they were in over their heads..."
The good about thing people like myself that tell the truth is that we never have to keep track of our stories. All you have to do is recall real events. Sooth Sayers, however, are all over the map.