Helix Technologies Inc. (fka HLIX)

[GreenGenie]

The Scott Ogur Connection:

On 8-31-16 in the post I'm responding to, I wrote, "I found it looking at his close ties with Scott Ogur..."

I had a strong suspicion he was somehow involved here. Zac confirmed it in the investors presentation.

Zac and Scott go way back with Scimitar Investments. In the Investors Presentation, Zac reveals his partner Scott Ogur who, with Zac, put up their own capital. Their years of experience in the valuation of M&A activity is corroborated in many past articles on Scot Ogur:

The following link goes to a pdf. For those unfamiliar with Adobe, a quick ctrl-f (or a right click of mouse) will give you a "find" box. Just type in "ogur" and it will take you directly to an interesting few paragraphs on what Scimitar Investments has done for its investors in frontier markets. While Ogur is the one interviewed, Zac was his partner at Scimitar.

http://www.institutionalinvestorsalpha.com/PDF/691/AIN050106.pdf

Of course, as I mentioned in the post I'm responding to, Ogur is currently at Spruce Investments:

http://www.spruceinvest.com/team

This is where Zac worked prior to Helix as a managing director and recruited its CFO before his next startup with Helix. And that CFO just happens to be Scot Ogur. So, essentially, Spruce Investments are our CFO as well. This is like the advantage MCD has with its deep pockets of talent.


In the following link, going back to 2006, Ogur is interviewed and mentions his partner Zac and its firms activities:

http://www.institutionalinvestor.com/Article/1025774/Dubai-PE-Shop-Inks-Deals-In-Romania-Iraq.html#.V_p8Jv-QKpo

Complete corroboration to their frontier market background, which is what the Cannabis market is in the US. Here they are investing in unstable regions like Iraq focusing on the Kurds, or in places like North Africa. Minimum investments of $500,000 were accepted to work with. All of their experience continues to be corroborated. A startup venture fund was purchased which made investments in "startup technology companies," which is what Helix is. The edge they have over all of the inexperienced players in this field is a tremendous advantage. They don't have a learning curve.

Corroboration of their purchase is here in an old Berkshire press release:

http://www.businesswire.com/news/home/20030915005523/en/Corning-Innovation-Ventures-Part-Scimitar-Capital-Partners

Earlier this year, I wrote a post titled is Zachary Venegas too good to be true?" Apparently, it's true. That means we have someone here that can have a succession plan after he has Helix where it needs to be. I suspect he will recruit a new CEO and a CFO at some future date for them to finish what he started as he leaves to take on a new challenge. But that is just my hunch.