Helix Technologies Inc. (fka HLIX)

[GreenGenie]

HLIX Gets More Transparent on 8-26-16

This was released yesterday by BP Borgers CPA. This sheds a lot more light on where the funding has been coming from. It also verifies the purchase price of Cannabase, which I elaborated on earlier.

I wish there was an update on the float number. There has been an issuance sold to the public for $21.00. I don't understand that. What was the point? But that means I have to change my page here to reflect the truth.

http://www.otcmarkets.com/financialReportViewer?symbol=HLIX&id=159594

Of particular interest to me is Note 13. These are still an alignment of interests at this time.


Note 13 – Subsequent Events

In February 2016 the Company issued a $100,000 convertible note payable.

In March 2016 the Company issued a $150,000 convertible note payable.

In March 2016, the Company issued 960,000 restricted common shares for $150,000 with option to acquire up to 1,920,000 shares
for $300,000.

In April 2016, the Company issued 200,000 restricted common shares to Uptick Capital for fundraising assistance.

In April 2016, the Company issued 75,000 restricted common shares to Odeon Capital Group and 75,000 restricted common
shares to related party.

In April 2016, the Company issued 714,286 restricted common shares for $250,000.

In April 2016, the Company acquired all of the assets of Revolutionary Software, LLC for $300,000 cash and 2,320,000 restricted common shares.

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MY THOUGHTS: I love the term "restricted," but time does fly. By this time next year, nothing will be restricted to my understanding and we will be fast approaching the expiration of Series A.

It's nice to have a name, "Odeon Capital Group," of one vested party. It's an institution I can look up. I have three links from them on CNBC, though none related to Helix. It gives some insight into who has a stake, albeit a small one, in Helix. I'm not clear on what they put up to receive those shares, but it's nice to have an institution in here:

Two from their research analyst and one from a co-founder:
http://video.cnbc.com/gallery/?video=3000475500
http://video.cnbc.com/gallery/?video=3000407633

More transparency below:


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Note 9 – Convertible Promissory Notes

On December 16, 2015 the Company entered into a Convertible Promissory Note (“Note One”) with a lender (“the Holder) in
which the Holder provided the Company $100,000, and the Company promised to pay the principal amount, together with
interest at the annual rate of 7%, under the terms and provisions as set forth below. Note One is issued by the Company pursuant
to a certain Subscription Agreement by and between the Company and the Holder. The principal balance of Note One shall be
convertible at the election of the holder of the Note One, in whole or in part, at any time of from time to time, into the Company’s common stock at a 40% discount to the average market closing price for the previous 5 trading days, preceding the date that the notice of conversion is delivered to the Company in writing.

On December 18, 2015, the Company entered into a Convertible Promissory Note (“Note Two”) with a lender (“the Second
Holder”) in which the Second Holder provided the Company $100,000, and the Company promised to pay the principal amount,
together with interest at the annual rate of 7%. Note Two is issued by the Company pursuant to a certain Subscription Agreement
by and between the Company and the Second Holder. The principal balance of Note Two shall be convertible at the election of the
holder of the Note Two, in whole or in part, at any time of from time to time, into the Company’s common stock at a 40%
discount to the average market closing price for the previous 5 trading days, preceding the date that the notice of conversion is
delivered to the Company in writing...

Note 10 – Stockholders’ Equity

Preferred Stock
On October 1, 2015 the Company issued a total of 1,000,000 shares of its Class A Preferred Stock as part of a reorganization in
which Helix Opportunities LLC contributed 100% of itself and its wholly-owned subsidiaries, Security Consultants Group, LLC
and Boss Security Solutions to the Company in exchange for 1,000,000 convertible preferred shares of the Company. The Class
A Preferred Stock includes super majority voting rights and are convertible into 60% of common stock.